Question by KB: How much should I charge for custom cakes?
I have a cake business and I sell custom cakes from 8″ simple cakes to 4 tiered cakes. I never know how much to charge. I know I should base pricing mostly on the time it takes to make & decorate the cakes, but it would take anywhere from 3 hours to a week of preparation & practice. That being said, I can’t charge by an approximate hourly rate. Plus, since I’m a home based business, my supplies are still pretty costly since I don’t have the space to store a lot of inventory.
Any ideas? I just don’t want to continuously lose money or undercharge for my services. I’m new to this and don’t really know what to do.
I made up a spreadsheet that tells me how much each cake costs, as well as what the filling costs, cake boards, dowels, etc. What else should I be doing to figure out correct and fair prices?
Answer by Salafee Jihaadi Tawheed مسلم
Depends what they consist of.
1$ seems fair.
Some even around .75$
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