First step, see if it is legal to sell in your county/state. You can look it up on this site:
Cottage Food Law States
Second step, read these articles:
How'd you arrive at that number?
New Cake Business at home, Help
How much should I charge for my cakes?
Third step, if you can do this legally and profitably, then GO FOR IT!
I, myself, love to bake and decorate and fortunately do not have to rely on it for income. Thus I am able to pick and chose the cakes I want to do and also to ask a goof price for my cakes..I figure if I am going to spend my time, money and talent on making a wonderful creation I need to make a good profit.
In the beginning I lacked some confidence in my work..then I developed the motto that the customer doesn't see the tiny mistakes or imperfections only the final wonderful cake.
And once you get some speed to your work you will really enjoy baking and seeing the smiles on your customer's faces that make it all worthwhile.
Have fun and enjoy what you plan to do.
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