3D bear cake
The Princess' Address Castle Cake using the Romantic castle Cake set
If you were to charge $25 how much of that money (if any) is going into your pocket? Was that amount worth the time you spent on the cake? My minimum cake order is $50, meaning I will not turn on my ovens for less than $50 and that is for a basic buttercream 1/4 sheet cake. My cakes start at $3.50/serving for buttercream and $4.50/serving for fondant. My 2D and 3D cakes start at $150 even if the cake only feeds 10 and my purse cakes start at $150. If I did shaped pan cakes, I would charge at least $100, but I live in a high end city and those prices work for me and my customers pay it.
I know exactly how much cake cost me to make. I know how much for 1 egg, how much for 1TBS of vanilla and 1lb of butter. If you don't know these things, how will you know how much money you are making?
There's nothing worse than being up late working on a cake and realizing that you are either doing the cake for free or for next to nothing.
I hope this helps! Good luck!
The goal of my business is to be able to pay for all of my overhead and make a profit. In addition to ingredients and materials, I have other bills like rent, phone and advertising. I must make sure that all of my bills are covered and still make money to pay myself, after all that is the goal...to make money. I can't make $10 off of a cake and keep everything going, but that is just me.
I never suggest people charge what I charge. I just list my pricing as an example.
My advice is always to figure out how much the cake cost to make and decide how much you want to pay yourself. I also mentioned that the more experience you have, the more you can charge as well...seems like were pretty much saying the same thing.
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