Yes, that horrible thing called pricing. At least, it's always been like a plague for me. I just never know what's an appropriate price for things.
I look it up on the internet, you know the whole 'price equation' and I look around and see what others charge for things...but it always seems like it's so much. I guess, for me, I would never pay these prices for cupcakes, cakes, pops, cookies, etc. Perhaps because I know I can just make them??
My latest pricing predicament is for cupcakes. A neighbor ordered cupcakes for a b-day party in school. And I have no idea what to charge for them. If I low-ball it, based on the average price out there for the bakery and/or home baking business, it would be $2/cupcake. Wow...I think...that's a lot for cupcakes for school. Like I said, I would just bake them myself, you know?? So, do I go lower or charge the $2/cupcake??
Oh, what to do, what to do...
On the flip side...we home baking business owners need to make money so I just need to man up and charge what I need to charge, right???
Yes...this is my biggest weaknes!!
Comments are welcome:)
It would depend on the cupcakes. Are they special cupcakes or just a mix? Are they decorated fancy at all? I would pay $2/cupcake definitely for special cupcakes - say a special flavor or decoration, but for regular cupcakes, I wouldn't pay more than a normal grocery store price of about $.75 cupcake.
ReplyDeleteI can understand your predicament..I hate pricing stuff out. I know the cupcakes I did for a friend last would have cost her around $80 from one of the local bakers (vanilla cupcakes/chocolate icing w/themed-wrappers and themed toppers). No way in heck could I charge someone $80 for 2 dozen cupcakes - friend or not. Since you are not widely known/publicized, I'd say go w/maybe $1.50 to $1.75 per cupcake...That way as you get more and more orders/clients, you can gradually up your prices if need be. Just my 2 cents.
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