I’ve been doing Cake Decorating for the last year, without any training. It is now a full-blown business and I’m so thankful for the talent I’ve been given, but still have lots to learn.
One of my biggest questions is this: How do I price my cakes? How much profit do you ad?
Unfortunately, some people do not realize the work that goes into making these wonderful creations. They think you just bake them and say some magic word and it is done.
Now what is acceptable. I’ve noted that my cakes are way lower than other bakeries and people around me, mostly because I have a studio from home and do not have that kind of overheads, but a Novelty Cake is a Novelty Cake, it does not matter where it comes from?
Any idea on how I should handle pricing? Any help will do? Thanks a million.