Well, the time is almost here, im nearly ready to start my cake business! So excited!
But im having trouble pricing my cakes.
I tried to do the ever suggested, call up local bakeries/cake decorators to find out their prices... but ive stumbled upon a problem, there arent any! The nearest one to us, is about a 45 minute drive away... and they only make a few certain "staple" cakes, that are lovely, but a small range so, not much to go by. Ill be driving up there to have a look at prices (can only see prices in their display book in store), also, the only local cake decorator (or the only one who advertises on the internet at least) is charging ridiculously low!! I pretended to be a customer wanting two different cakes on seperate occasions, wanting a quote. I know thats not nice to fib, but she gives off a very unhelpful, unaproachable vibe and i wouldnt dare tell her i was wanting to know because ill be her competitor! Anyway, she quoted me a mere $75 for a doll cake (you know the ones using the doll tins) this was including the doll, fondant and buttercream decoration, with glitter and a rich chocolate cake with filling!!!! And then for a two teir cake with a few decorations, about $120.... just crazily underpriced, which is a bit scary. Im a beginner and i know my cakes and my time are worth more than that!!!
i just dont know what to charge. Im really lost.
Where are you located?
First I need to say I am not a business owner YET. I am doing my research, websites are great! I don't have to talk to anyone for pricing. I live in Missouri, near St. Louis. I was working on my business plan and researching prices. I have determined the pricing for my business. What size is does she want the two tier cake to be?
What I did was make a spread sheet of all my ingredients and how much they coast for example 1gal milk cost 2.99 but I only need 2c for my cake since the are 16c in a gal I divided the coast and that would tell me how much I spent on that cake I would do this with all my ingredients total it up to find out how much I spent to make the cake don't for get to add in the price of cake board dowels anything you use then I X that by 3 and that how I get my price. They have software out there to help with this like the cake boss http://www.cakeboss.com. Good luck hope this helped http://www.cakeboss.com/VideoTour.aspx
Here is a copy of what I use
Thank you Sharnette. I am using box mixes with some of my own add-ins to make it more moist or whatever I think it needs to be. But this is very helpful if I ever get a big order. I had my pricing, but it is not for 3D cakes, its is just for simple 6-12 cakes, buttercream or fondant with increased pricing depending on how long the cake would take if it has a lot of decorations.
I agree...... :o)
The first is a website someone gave me - way easy to use. Second, I have attached a pricing matrix from another cake site (the only useful thing from the site). Feel free to change any costs on any of the pages to fit your specific needs.