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You're kidding right? You doubt your pricing? Get serious girlfriend. $250 is a bargain and should have been more. A cake like that would easily go for $600 -$1000 eleswhere. You think Charm City Cakes would charge less than $1000 for that?
You have to price for what the market will bear. Which basically means although you could charge $600 in the city, in a small town (where wages aren't as high and people aren't exposed to a lot of stores charging higher prices for cakes) you have to adjust it.
Stick with you quote! You did the right thing.
Melinda King said:
I just quoted a cake, and the customer nearly fainted. She wanted a life size jack Russell terrier on his pillow/bed. Carved and color correct to look just like her dog. I thought I was under pricing this at $250.00 because I knew this was gonna be a major project, but was doing it as an "advertising" gesture because she is well connected in community. Have I screwed up? Or was I justified in pricing.
Here in the Cayman Islands Cupcakes Stores are charging as much as $29 CI which is equivalent to $24.36 US for a dozen cupcakes.
If it is just your basic cupcakes with basic icing color and some sprinkles then I say a perfect guide is $1.25 to $1.50 but if you are going to get fancy and put on fondant toppers or additional topping then you have got to charge accordingly.
I charge $30 for 24 for the basic.
I just quoted a cake, and the customer nearly fainted. She wanted a life size jack Russell terrier on his pillow/bed. Carved and color correct to look just like her dog. I thought I was under pricing this at $250.00 because I knew this was gonna be a major project, but was doing it as an "advertising" gesture because she is well connected in community. Have I screwed up? Or was I justified in pricing.
I charge $22 for a dozen cupcakes. They are beautifully packaged and delivered. I can barely keep up with the demand! Never apologize for what you charge. If you are worth it, word gets around. I use organic eggs and butter, Callebaut chocolate and Nielsen Massey vanilla. If you don't think you can taste the difference - you're wrong! Also - a saving money tip - instead of buttercream, have you ever tried 7-minute frosting? Granulated sugar is much cheaper than 10X and we're talking 2 C sug. and 2 egg whites for about 10 cups of frosting. And people adore it! Takes color beautifully too. And guess how long it takes to make???!!!
I was there in Dec. Yes, overpriced. It was my birthday and I asked for a free one and he couldn't give me one. I tried! LOL
Stampinsher said:
There is a CupCake store in Las Vegas, actually in the Monte Carlo. You want to talk about expensive! They aren't even really decorated either - just different cupcakes with frosting and color. I didn't buy one! You did just fine in pricing as long as you made a profit for the time and expense of what you did. If you find that you broke out even, perhaps you should recalculate to make more of a profit. Good luck!
As I started thinking about actually making money for cakes, cupcakes, cookies, etc., I did A LOT of research online regarding pricing. I then based my price list off of what I found. I charge $15.00 for 12 cupcakes and $25.00 for 24. That seemed to be about average. If you would like to see my price list, email me and I will send it to you individually. :)
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