How to price your cake????

The most common problems we cake-decorators face is " How much should i charge for my cakes", i dont think anyone can ever get the answer for this question right away.Earlier when i started baking/decorating cakes and when i would quote a price i would get looks that would tell me "Are you out of your mind" or "How can you charge me so much we are friends/ or know each other for such a long time". Agreed, i know you for a long time, i am charging more then your local  Walmart/ Publix/ Kroger does however do you know when you ask me to bake/decorate the cake i do it only for you and just you . I work  on that cake according to your requirements and design including the taste, look of the cake infact even the colors.Does your local walmart or kroger do this and the answer to this question would be "No". You get to choose only from what designs they have avaialble if you ask them anything over and above they sure charge you.They would not bother to make sure they meet all your requirements such as design, color, taste etc.

I was just like you when i had to decide on the price or how much to charge a cake unless i discovered this great article by "Cake Boss" and today i am happy that "Cake Boss" software team has given the permission to me to share these faq's that she has answered on Pricing.It is worth a read for all Cake-Decorator's and also for customer's to understand why and what makes a cake-decorator  decide and to reach the price they do.

"Cake-Boss" software has covered some topics like mentioned below and it is worth reading this link :
http://www.cakeboss.com/PricingGuideline.aspx

Am I charging too much for my cakes?

How do I know what people will pay for a cake in my community?

Wal-Mart sells their cakes for $15!  I can't match that price, much less beat it!

To price your cakes, what are four elements to be aware of?

She also has a pricing software for all those who want to be organised and to know how much to charge and track profits.I would love to have one too...soon!!!

P.S:We would love to thank "Cake Boss" and her team for giving the permission to post this article on this blog.

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