Hi everyone,  I am fairly new to pricing as this will be my first paid order;  Here are the details of my cake;

- Supplies cost approx: $35

-The cake will be two round tiers
-Bottom tier is 12 inch round
-Top tier is 8 inch round

- Both tiers with fondant

- Sesame street theme cake with fondant cut out circles all around in different colors, gumballs around base of both cakes, with shooting stars and a few elmo ornaments.

I was thinking around $130 as this is first order.  Please let me know your thoughts.

Thanks!

Prices are usually based on how many a cake serves first. Buttercream would be less per serving than fondant. Most people charge between $2-7 per serving. This should be based on comps in your area. Also, Sesame Street is copyrighted and can not be sold without permission from the copyright holder. It doesn't really matter if it is your first order or not. You should price accordingly so that you don't get sucked into undercutting yourself. It is a lot of work and I think 130 is under priced for all the work.

If you are good enough to be selling, there is an entry level for your market.  You need to do a little local research to see what people are charging for your level of ability.  Seriously undercharging is a mistake which will haunt you down the road.  You need to charge like you are in business.
 

ACheck the Pricing Formula and Copyright Law links in my signature below.

Also be sure you are compliant with local health and food safety laws, since in some states you may need to be licensed and inspected before selling food.

AEdited: I was typing while others gave useful information. I'm slow :-) Check out Jason's information.

A