How to Price Cakes

Рет қаралды 8,503

Күн бұрын

Пікірлер: 67

@helensturk216 2 ай бұрын

You have laid out those formulas really clearly. Thank you. There is one more cost and that is 'what the market will pay'. If you are really good at what you do you can charge more for your skill, if you're still developing a skill then you won't be able to charge top-end. One of the ways to work this out is, if you are very busy and are asked to quote for a cake, set a price higher than normal. If the customer values you they will pay for the cake. It probably means you're not charging enough for the rest of your cakes and people are coming to you because your product is cheaper than the competition. Really useful post. Thanks

@BritishGirlBakes 2 ай бұрын

That’s a great point! Thank you for sharing it!

@abbiewilson679 2 ай бұрын

Absolutely incredible! What an excellent easy to follow tutorial. Thank you so much.

@BritishGirlBakes 2 ай бұрын

Thank you!!

@chandaowens4748 2 ай бұрын

OMG!!! Thank you so much. You made this very user friendly. Explained very well. You took the fear of pricing my cakes away! Thank you so much.

@BritishGirlBakes 2 ай бұрын

Yay!! Thanks for your lovely comment!

@nickyrobinson701 2 ай бұрын

Excellent information! Thank you so much!!!😍😍

@BritishGirlBakes 2 ай бұрын

I’m happy it’s useful!

@mapulahaidymashaba217 2 ай бұрын

You have explained very well thanks

@BritishGirlBakes 2 ай бұрын

Glad it was helpful!

@elizabeth-di3sc 2 ай бұрын

Thank you so much for mking this extremely useful video. This task was quite intimidating for me. Your efforts are highly appreciated ❤

@BritishGirlBakes 2 ай бұрын

I'm so glad it was helpful!

@lildevil216 2 ай бұрын

Thank u soooo much for explaining it so well ❤❤❤

@BritishGirlBakes 2 ай бұрын

I’m happy it’s helpful!

@sammason9516 2 ай бұрын

I own a cakery but we don’t make any profit at all. It’s so hard to charge the right price when people are not spending as much anymore. I’m a Brit, living in Canada where we currently have very high ingredient prices. Your latest video is the best yet and I’ll try your methods to check whether I am pricing cakes too high or too low. Thanks Emily 🩷

@BritishGirlBakes 2 ай бұрын

I hope it’s useful for assessing and maybe adjusting your prices. Owning a cakery is so challenging - I had one in Costa Rica for 3 years and I loved it but also could probably never do it again. Hats off to you! Would love to swap stories one day - where is Canada are you? I studied in Montreal and loved it!

@phoenixblue7079 2 ай бұрын

God bless you! Your video is going to help me out a lot! 🙏💙 I am a self taught home baker and been making cakes for many occasions and selling them but I have been selling myself short every time. I feel like for the amount of time, money, ingredients bought I have not been making any profits, I’m losing more than anything! So I’ve stopped for a couple of years. Watching your video has just bought me so much happiness and joy! Your formulas and clear explanations will definitely help me out a lot! I am feeling confident now to be able to go back into baking and do what I enjoy! But this time actually making something rather than nothing! 🙏💙THANK YOU

@BritishGirlBakes 2 ай бұрын

Your comment made the hours of preparing this video worthwhile! Thank you!

@anad5619 26 күн бұрын

This is so informative!! Thank youu

@BritishGirlBakes 25 күн бұрын

You're welcome! I'm glad you found it helpful.

@therunningxfree 2 ай бұрын

This was so helpful, thank you! ❤

@BritishGirlBakes 2 ай бұрын

Glad it was helpful!

@pattystein3143 2 ай бұрын

As always, you give such practical and useful advice. I know I undercharge for my cakes because I simply guess at how much they should sell for. All of what you said is applicable to by sewing business, too, so I am going to apply the same principles to pricing my goods. Thanks so much, Emily!

@BritishGirlBakes 2 ай бұрын

I’m so happy this was useful and that it will benefit your sewing business, too!

@josephinevasquez3679 2 ай бұрын

This is a great video. Thank you for sharing. You're awesome!! 🥰

@BritishGirlBakes 2 ай бұрын

Thank you so much!

@lynettepulgar4733 2 ай бұрын

One of the best tutorials I’ve seen for this purpose! Many thanks for all your dedication! 😊❤🎉

@BritishGirlBakes 2 ай бұрын

Wow, thank you!

@rabergel24 2 ай бұрын

Another absolutely amazing video from the British Queen of Cakes! Thank you for this very detailed and helpful video Emily!

@BritishGirlBakes 2 ай бұрын

I’m so happy you found it useful!!

@shebaabraham4108 2 ай бұрын

This video was so timely for me. God bless you. I'm a beginner homebaker ❤

@BritishGirlBakes 2 ай бұрын

I’m so glad it came at the right time!

@masadajackson2902 2 ай бұрын

This has been very helpful.....😊

@BritishGirlBakes 2 ай бұрын

I’m so glad! Thank you for the comment!

@nataliebrown4954 2 ай бұрын

Thank you. This is really helpful.

@BritishGirlBakes 2 ай бұрын

I'm so happy it is!

@olufunmilolaadigun9103 Ай бұрын

Thank so much

@BritishGirlBakes Ай бұрын

My pleasure! 😊

@laurazeller2014 2 ай бұрын

Thank you, Emily! I use a spreadsheet for each cake. With prices going up frequently, I'm constantly changing my table. But it's still the best way to go in my opinion.

@BritishGirlBakes 2 ай бұрын

Agreed! And the price increases are insane!

@AuntDuddie 2 ай бұрын

This is a wonderful video! ❤

@BritishGirlBakes 2 ай бұрын

Thank you so much!

@VK-el1bm 2 ай бұрын

Thank you

@BritishGirlBakes 2 ай бұрын

You're welcome

@mariarguello7342 2 ай бұрын

Greetings from Costa Rica! Thanks for sharing this, very helpful.

@BritishGirlBakes 2 ай бұрын

Hello! My cake shop (shown in this video at 8:14) was in Costa Rica :)

@mrs.elfriderichardson-osep1646 2 ай бұрын

Hi Emily, very detailed explanation. I am wondering how would you calculate the price for a wedding cake.. will the profit be higher??

@BritishGirlBakes 2 ай бұрын

There are a few ways you could adjust this for wedding cakes. You could increase your profit percentage or if you consider the time taken to consult and design a wedding cake then your time spent would be higher for wedding cakes, too. Materials might be more expensive like support for a tier cake, special presentation items, etc. And you might choose to allocate more of your insurance costs to wedding cakes than cakes for other occasions.

@lovebakesweets7191 2 ай бұрын

thank you so much. it really helps. For me i need to digest the met first.🤪

@BritishGirlBakes 2 ай бұрын

For me it's definitely something to dive into after a cup of coffee!!

@cassandrakarpinski9416 2 ай бұрын

Im just figuring out how to do this. Ive had a couple of commissioned cakes but they have been for people close to me and i still feel quite inexperienced so some cakes for people close to me i charge less on as im using it as a chance to push myself (like my first sculpted character cake for my nephew's birthday last month)

@BritishGirlBakes 2 ай бұрын

Wow, congratulations on your first sculpted cake! When I started making cakes for friends and family I wasn’t comfortable charging for my time yet so I would only ask them to cover the cost of my ingredients. I found that charging higher prices increase the stress and pressure too much! But with practice and as your skills improve I’m sure you’ll get more confident and be able to use these 4 steps to increase your prices to cover all of your costs + profit 😊

@cassandrakarpinski9416 2 ай бұрын

@@BritishGirlBakes definitely increases the stress. Thankfully the cakes are my side hustle and not my primary job 😅 my main job is as a swimming teacher

@andreacollyer77 2 ай бұрын

Hi, this is very clearly explained. I'm learning so much from your cake school. But all the maths side of it gives me anxiety. I have no qualifications in maths it's my weakness. I also struggle with knowing how to devide the batter too. So at the moment I'm just making what I specifically need.

@BritishGirlBakes 2 ай бұрын

It does seem intimidating at the beginning, but you'll get the hang of it with practice!

@NYNC88 Ай бұрын

It's very important to know your costs. I once donated a homemade creation to be sold at a bake sale for charity. The woman running the sale told me the price she wanted to charge for it. I had to inform her that the price she had come up with was less than the cost of the ingredients. It deserved a higher price. She priced it higher and it sold.

@BritishGirlBakes Ай бұрын

That's a great story and a good reminder of how important pricing is!

@cindys2995 2 ай бұрын

This is invaluable! As a former tax collector, I have seen people write off cost of lights, gas/electric and square footage used in a certain room. Very detailed!

@BritishGirlBakes 2 ай бұрын

Thank you! The laws in different countries vary but where I am, you can do that if a space is used exclusively for business purposes.

@anyaslonelykitchen1066 Ай бұрын

I am having hard time figuring out how to download the spreadsheet, it only opens up as a web page, any suggestions please?

@BritishGirlBakes Ай бұрын

It's saved as a google doc and when you open it, within the webpage you'll see a top menu (not your browser's menu - it's immediately above the spreadsheet). Click on File and then Download and you can choose to download as a file for Excel or Numbers or whatever program you like to use. Hope that helps!