HOW TO ACCURATELY PRICE YOUR CAKES || Friday Fixes Episode 2

Hello my pretties. In this episode i talk about how I price my cakes. I give you some specific tips and tricks on how to calculate your cost and determine your wages to ensure that you will make a profit. I also share a very helpful excel sheet where you can enter your information and it will do the math for you. I hope you enjoy this video guys. Love you!
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LAST FRIDAY FIXES VIDEO:
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[@doloresjonusas2947]

Great information - I also add the cost of cake boards, ribbons, boxes, etc. That is definitely part of a baker's out of pocket cost. Be proud of your work - if someone tells you "But, it's only cake" - explain that when they hire you, they are not just hiring someone who makes a box cake, they are hiring a professional who has been trained, either formally or through experience, and who will make their event much sweeter. When you put it that way... customers usually backtrack and agree to give you the order. If they don't - well... there's always the grocery store cakes.

[@JaniesSweets]

Absolutely! Well put!

[@genesisfernandez7481]

agree 100%

[@DoubleDHomestead]

Also cost of running the oven.

[@rosannepaige2621]

I also add an additional $10 - $20 for my gas and/or for the time I may have used going out to pick up special requested items to make cake.

[@jessecherney2801]

I know someone who works at a grocery store bakery and everything arrives frozen and the frosting is pre made. great for sheet cakes but as far as the wow factor people should understand that takes time and skill.

[@mercedesaschenbrenner9352]

What a smart lady! I don’t bake cakes for business but this is very important info! May the Lord bless your business for sharing your knowledge with generosity! 👍🙏

[@JaniesSweets]

Aww that's very sweet of you thank you! 😘

[@Elubial]

True a lot of people are so selfish with their information. Thanks so much for helping others.

[@mcomeslast]

Thank you! This is also extremely helpful for those relatives that don’t understand why you can’t “ just whip something up” and why ingredients aren’t free.

[@JaniesSweets]

mcomeslast lolol I swear people think we have a magic wand that we just wave and proof here's a cake

[@mcomeslast]

Lol! Yeah, the cake fairy didn’t just drop this off last night. Put the numbers in front of them, different story.

[@JaniesSweets]

mcomeslast lolol yup

[@Phyllistinegm]

Don't forget your ACTUAL SHOPPING and STUDYING times!

[@jessicapeyton5444]

It takes me days if not weeks to conceptualize the cake gather the recipes and plan how to do it. My family usually gives me an idea of the flavors they want (they can sometimes be unconventional) and then I have to create something edible out of it 😭😂 But if I started a business I would probably have a set of flavors I would plan beforehand.

[@Minxisphinx]

What a fantastic video! Thank you so much for sharing your process!

[@genesisfernandez7481]

I love this so much! I've been struggling with pricing my work for so long that it has become crippling and doesn't give me room to grow my business. This is great information! and to those of you who feel like the price is too big or too small-- simply make modifications to the hourly wage segment that feels right for you. it becomes fair for you and fair for your customer :)

[@JaniesSweets]

Thank you so much for watching and your kind words 😘 I'm really glad you found it helpful

[@marisarazo5300]

I like the clarity of your explanation , thank you;

[@tiffanyk768]

This is fantastic! You made this so easy. Thank you!

[@JaniesSweets]

Thank you for watching 😘

[@greetingsfellowfoodfreaks1262]

Thank you so much! I'm horrible at costing and keeping track of costs in general! I just purchased your costing download and am excited to finally get organized!

[@JaniesSweets]

Woohoo!!! I’m so excited you were able to find it helpful 😊 good luck getting organized now 😉

[@naturalista1017]

You are a life saver. I can’t thank you enough. I am just starting out in the cake business. This is valuable information. Thanks

[@JaniesSweets]

You're welcome 😘 thank you for watching

[@gourmetsoulfoodsdelightful807]

I Didn't Have A Clear Way To Even Start Pricing My Food & Desserts. You Give Me A Lot Of Information To Go On. This Is So Helpful For Me, I Truly Do Appreciate It. Thankyou So Much. ❤😊

[@JaniesSweets]

Thank you for watching 😘 I'm glad you found it helpful

[@leslielelaind4997]

Amazing as usual...I’m a 44yro slow learner🤷🏽‍♀️ so I need to watch this about ten before it clicks, but it did make sense and need to brush up on my computer skills...(embarrassing), however I’m determined to share my creations with the world so I’ll just keep praying and letting God open doors like he did with you👏🏽

[@JaniesSweets]

Amen! Absolutely!! God will open MANY doors for you 😘 keep on pushing and you got this!

[@DS-lp1te]

Thank you so much! I'm so grateful for you for posting this! Amazing video. You did a whole excel page.

[@JaniesSweets]

You’re welcome 😊 I’m glad you liked it

[@thecrayolaeffect7]

Literally what I’m doing right now. I’m kind of guesstimating pricing based on my experience in a formal bakery but since I make mine from scratch I’m starting to price and measure everything as I make orders (cause it can be expensive to do when baking just for fun). There were times when I spent so much money and made almost no profit. Thankfully it’s starting to turn around and business is picking up regardless of the costs for inventory and labor. Thank you for sharing the excel document. I’ve just been adding notes on my phone but this motivates me to organize my notes formally for my eventual brick and mortar location 😊

[@JaniesSweets]

Awesome!! I'm so glad this was helpful to you... it does take time to get it down to a science but once you do it's pretty much smooth sailing from there 💃🏾

[@claralaps]

I'm planning to do the same way but I'm having a hard time figuring out with my calculations and now you made it easier for me! Thankies

[@JaniesSweets]

Woop woop 🙌 I’m so glad u found it helpful!

[@deannajohnson3933]

That's awesome. Very easy to work out. I'll have to come back to this video later on. Awesome, love this.

[@JaniesSweets]

Woohoo!!! Awesome I’m so happy you found it helpful 😊

[@rosanorman7244]

Thank you very much for your video. I haven’t have anyone explained it as well as you did. Great job!!!

[@JaniesSweets]

Yayyy so glad you enjoyed it!!

[@charisewilliams4006]

This was SUPER helpful! Thank you!

[@JaniesSweets]

I’m glad you found it helpful 😘

[@KingdomLifeDec]

You dont have enough subscribers for all you do and inform! Thank you! I saved one of your videos about 2 motnhs ago, just came back to watching it BECAUSE PRICING IS HARD THING. ANYWHO! THANK YOU.

[@JaniesSweets]

Hahaha aww ☺️ thank youuuuu 🙏 and yay I’m glad you’re finding the videos helpful 😊

[@Cher64Liv]

I started off doing a spread sheet so this video just confirmed it for me, thank you. Very detailed and helpful. New subbie!

[@JaniesSweets]

Cher64Liv 😘😘 thank you for watching

[@janechiu370]

Thank you so much! This is amazing!!!

[@robertaterry4965]

Girl, you got it goin' on. Best pricing calculator I've ever seen. Thank you for sharing.

[@JaniesSweets]

Roberta Terry thank you love 😘 I'm glad you found it helpful 🤗

[@pounksreyrichardson4442]

Do we pay for the calculator

[@sheilamalone3453]

Awesome video and explaination and tools! Thanks!

[@JaniesSweets]

Sheila Diuguid thank you for watching 😘😘

[@mylabnotes]

Thank you soo much Jenie. I'm a newbie in baking business. before this im baking as a hobby only. This really help me a lot.

[@JaniesSweets]

Maryam Syahidah Azalan thank you for watching 😘 I'm glad it was helpful to you!

[@ericnjende7158]

Thank you so much,this helped me a lot especially now I've my own Calculator.🙏🙏

[@JoJo-xb9fv]

Thanks for explaining so well. I understand now. God Bless xx

[@JaniesSweets]

Jo G you're welcome anytime 😘😘

[@irsyaddilsyukri3938]

Thank you for your extremely useful video. Through this video you have convince my sister that her art cake with beautiful icing is deserve for more expensive than that she usually sells. Thank you

[@JaniesSweets]

Awesome!!! That's what I like to hear

[@faithcraig9195]

Thank you. This was very helpful

[@deeso5040]

Awesome! I have to try this! Thank you

[@JaniesSweets]

Awesome... let me know how it works 😊

[@kellymyers8831]

Keep the videos coming.. I need your help lol and I love how you explain everything!

[@JaniesSweets]

Kelly Myers thank you! as long as you guys keep watching I'll keep posting 😘

[@lindyannfarrier8463]

I'm so glad I came across you video .. I need to watch it a few more times. I'm at crossroad n maybe this was the push or conviction I need... thanks to you.. btw I didn't see the pdf or link

[@Wendy_Tang]

Hi Janie! Thanks for your sharing! It is a great tutorial and I like your presentation! Awesome!

[@JaniesSweets]

Wan Yee Tang thank you love 😘😘😘

[@vvkelly97]

The one this you forgot is your profit. Your time is part of the ingredients needed to make the cake, but your time is not your profit.

[@whitecolourify]

Wowww you are an angel for sharing your wisdom thank you!!

[@JaniesSweets]

Awww thank you for watching 😘

[@cecestyme7142]

Wow! This was great 😄 information. Thanks for sharing 😍😘🤗👏......

[@svetlanavukolic8242]

Great tip you shared. It totally makes sense for a basic. My experience is the most costful part of the cake is the icing and definitely the decoration which takes so much time. And time is money :) Eggs, flour, sugar and similar inhredients are really minor part in comparison to the price of real butter and good quality chocolate. Also fondant is not cheap in my country. To get the smoothest and easiest to work with I always buy it. And with all the paint, glitter, shimmer, satin ribbons, cardboards, support straws, and so much more....it comes to a big amount that customers don't understand. Everybody should try to make just 1 3-tiered cake. I bet they,ll change their mind :) Thanks for your help, have a nice day and looking forward to your next video and all the previous ones as I just stumbled into your channel and was lucky to have seen this one as my first :)

[@JaniesSweets]

Thank you for watching 😘 and yes you are right if people really knew what went into it they'd be surprised lolol

[@poeticbeauty7]

You’re amazing! Thank you for sharing this! I am definitely planning on purchasing your PDF!

[@JaniesSweets]

poeticbeauty7 awww you’re so sweet thank you so much!

[@aboutbusinessknowledge5675]

This video is so helpful - thank you so much!🤗

[@JaniesSweets]

❤️ 😘

[@feliciar6311]

omg, this was so helpful!! Ty

[@JaniesSweets]

Thank you for watching 😘

[@mikhail114]

Great tips! I used to make cakes and this would have been so helpful. Now i make handmade cards so I’m going to try to work with this formula for that. Thanks for sharing.

[@JaniesSweets]

mikhail114 awesome! The good thing about the calculator is you can honestly use it for ANYTHING and it will work... 🤗 I'm glad you found it helpful...

[@sm52092]

This is mind blowing....THANKYOU

[@JaniesSweets]

You’re welcome thank you for watching

[@akalizanattabi6053]

You look amazing and your making a lot of sense. Thank you so much!!!!

[@JaniesSweets]

Thank you so much for watching ❤️

[@kimberlymarshall5260]

You did well and I believe this way is best because you had to put everything in to determine the cost yes it take some time but it's the best thing to do thank you .

[@JaniesSweets]

Thank you so much for watching!!!☺️

[@janechiu370]

This is amazing! Thank you so much!

[@JaniesSweets]

Thank you for watching ❤️🥰

[@cpbakeshop]

Hello! My Tiera Pryor, I own a bakery at home, Confection Perfection Bakeshop and I just Subscribed to your channel! This video is so helpful because I knew I wasn't the only one with this problem with pricing. The only thing I'm trying to do is to grow my business and I'm going to watch your video on how to do so. Thanks again for this helpful video!

[@t.linellehuston9814]

Your bakery name is AMAZING! I’m giddy just saying it!

[@samanthadesouza2284]

Omg !! Thank you so much for sharing this 😍😍 I have just started being more serious about selling and I really hate to do this part the coating part and your methods and excel will for sure help me 😭❤️ thank u!!

[@JaniesSweets]

Yayy awesome I’m glad you found it helpful 😘

[@Maggiebze2024]

First time seeing your video. I liked it👍🏽 Subscribed and looking forward to more. Thank you for sharing.

[@JaniesSweets]

Thank you for watching 😘 welcome to the family!

[@truesongstress]

GREAT JOB, JANIE!!!

[@JaniesSweets]

Thank you for 😘 thank you for watching

[@crystalzone20]

Perfect tutorial. Thank you so much for helping me out

[@JaniesSweets]

Thank you so much for watching I’m glad you found it helpful

[@ashleeunderhill4436]

thank you so much you explained it really well!

[@JaniesSweets]

Thank you for watching 🥰

[@khanyisiledlamini3342]

Thanks J, would like to see the video again

[@opulentElephant11]

You’re awesome. Thank you!

[@JaniesSweets]

Thank you for watching 🥰

[@quatriciajohnson858]

wow thank you I just started baking as a hobby and I have suddenly became "famous" this help me out a lot!!

[@JaniesSweets]

You’re very welcome I’m glad I could help 😘

[@janaabreu]

It helped a lot! Thanks

[@JaniesSweets]

Hannah Abreu awesome 🤗 I'm glad I could help

[@alondraelizabethherrera2404]

Thank you so much!

[@ephantuskangara438]

great one . thanks

[@JaniesSweets]

Ephantus Kang'ara you're welcome!

[@shravyakoppala5113]

You have no idea how much this video helped me. I was going crazy right now. I was asking people how much should I charge for my cakes and chocolates and everyone said different things to me. It was very confusing. But you totally made everything clear to me. Thank you so much..

[@JaniesSweets]

shravya koppala you're very welcome love 😘 I definitely learned the hard way not to do that anymore lolllol... I'm glad I could help! Good luck on your cake journey 🤗😘

[@patriciagallegos2734]

Yes I'm interested

[@junehelus2299]

not to forget clean up time as well the supplies...hot water, dw liquids, paper towels, laundry of kitchen towel, all those little details add up...and are as important as the teaspoons of flavor extracts...( which some can be very costly ), for many years I have baked for family... birthdays, special occassions, love doing it, never asking nor wanting, never accepting a penny, and reading all the comments...got me to thinking...wow..it would be difficult to establish a fair cost, I fear I would go broke...and the first over looked expense I would have had...would have been clean up expenses. My hats off to all... sharing in the spirit of helping one another to succeed!!!!

[@JaniesSweets]

It can get super confusing I feel you 🤪 but I add these to my costs of running the business instead… each month I put money aside from my income and I allocate to that.. check out my what you should pay yourself video…

[@TiffannyDoll]

Bravo for the video. Thanks so much

[@JaniesSweets]

Thank you for watching 😘

[@mykrazylilstuffannie]

Oh my gosh.. this video was so helpful.. I'm planning to set a home bakery business next year but I figured I should have at least the basic knowledge of what to know and expect.. this wasn't on my list until I saw your video... So smart..

[@JaniesSweets]

I’m so happy you found it helpful 🥰 good luck on your business

[@anne-mariemalan4862]

Hi there from South Africa. Just came across your channel when you appeared on Sweet Dreams Cake Shoppe. Going to be following you, but just want to say you are beautiful and your presentation is great. Blessings 💜

[@missashley8]

This was so helpful, thank you!

[@JaniesSweets]

I’m glad you liked it thank you for watching ❤️

[@reinadefuego5869]

Thank you so much this helps LOT

[@JaniesSweets]

You're welcome 😘 omg glad I could help

[@My101WaysOfArt]

Wow..... I loved loved this video. You help me out alot. Thanks

[@JaniesSweets]

Thank you for watching I'm glad I could help

[@empresszari6365]

Thank you 😊❤️

[@Butterfly-ug1iv]

Amazing!!!

[@JaniesSweets]

Thank you for watching 😁

[@audreyscakes]

super cool, will be purchasing to save me some time. This is a great tool.

[@JaniesSweets]

Awesome 😊 thank you so much for watching 😘

[@talimavargas4719]

Great video! Thank you! I have one question though. How about the overheads like electricity, water, or rent? Hope you will notice my question. Thank you!

[@Kikikreationz1983]

You are such a blessed thank you.

[@JaniesSweets]

Tiera Tiera you are so sweet thank you 😘😘

[@sacredtendrils7159]

Just got the calculator thank you so much for sharing and creating such a helpful tool

[@JaniesSweets]

Woohoo!! So happy you found it helpful!

[@elizabethhemery2385]

so helpful thankyou x

[@JaniesSweets]

elizabeth hemery thanks love 😙😙 I'm glad you enjoyed it

[@florenceboakye7143]

Hello Janie thanks for sharing, I will use your method

[@JaniesSweets]

Thank you for watching😘 I'm glad you found it helpful

[@fadzaikumire8206]

thank you so much i was clueless

[@loriseabrook1906]

So helpful!!! TFS

[@JaniesSweets]

Awesome!! Thank you for watching

[@brittbratt35]

Thank you, very informative

[@JaniesSweets]

Thank you for watching 😊

[@505giraffe]

Just found your channel. I’m just starting out. Thank you for your videos, really helpful.

[@JaniesSweets]

Thank you for watching them 😊 I’m glad your enjoying

[@alwaysalanna329]

I love your videos!

[@JaniesSweets]

Thank you! 😘

[@CHERYLChocolateDiamondHARBOUR]

Interesting indeed

[@JaniesSweets]

☺️

[@whitehotmind]

You are such a darling for providing this tool! Thank you so much!! Will definitely be using it! May God continue to bless you and your business :)

[@JaniesSweets]

Thabk you for watching! 😘 God bless you too 🤗

[@bridgetnkwantabisah1435]

Thanks very much

[@shopnest101]

Love ya.... Thanks a million🍰

[@emerald_lux_dreams]

Thank you soooo much!!

[@JaniesSweets]

You're welcome thank you for watching 😘

[@greenlifegardenhomediy3414]

Hi there! I love your knowledge on this topic. In regards to ingredients cost, are you entering the total amount for the cost of say eggs? Or are you calculating what it would cost to use 2 eggs out of a dozen?

[@JoJo-xb9fv]

Hi Janie Thanks for sharing. Great video!!! Could you do a part two to this video, listing more ingredients, for a vanilla sponge or chocolate cake made from scratch? Thx

[@JaniesSweets]

Jo G hey love thanks for the compliment 😘😘 that would be a bit hard to do given that every recipe is sooo different.... But you really would use the same concept... Let's take flour for example... Let's say you have a bag of flour that has 20 cups of flour and you paid 20$ for it... if for you're recipe you use 2 cups of flour you already know that it cost you 2$ to make a batch... you kinda just use the math to say ok if 20 cups cost 20$ 1 cup cost 1$ so if I need 2 cups it will be 2$... that's how I do it for every ingredient... I hope that helped 😘

[@JoJo-xb9fv]

Hi Janie Thanks for getting back, to me. I understand how to calculate the cost, for the flour and sugar, but I'm having problems, working out the cost, for Vanilla extract, or baking soda. This is measured by spoons. Much appreciated :)

[@JaniesSweets]

Jo G I see what you mean... It's for the ingredients that you use so little of right? I actually calculate it the same. Like my vanilla for example is super expensive cuz it's imported and I use 2 tablespoons per batch... I look to see how many fluid ounces are in the bottle, see how much the bottle costs n divide it that way... I know that 1 table spoon is 0.5 fluid ounces and so I do the math that way... I really broke it down to the very last drop of ingredients I used... It's extremely tedious and you may need to convert some things from grams to ounces or from cups to grams etc... But that's how I did it... i have some things on my ingredient list that only cost me 8cents but i add it there because i want to be super accurate... then once you do it for one batch it's now just a matter of multiplying it from there... now that's if you want to be accurate to the T. You can also just round which I did at 1st... example if something cost me 75 cents I may just put down 1$ ... It's up to you and how accurate you want to get... But to answer your question I do the exact same thing for every single ingredient, from the eggs to the cake board, to the milk to the water (EVERYTHING) i just see how much comes in a packaging, how much dud the packaging cost then how much of it i use to make a batch and figure out the price that way... things that are irrelevant you may choose to leave out like if you paid 1$ for a huge box of salt n you use a pinch of salt there's no need to add that in... But you'll have to decide for yourself what's relevent and what's not you see... for me like I said vanilla is super expensive so I spend the time to factor in that cost but salt on the other hand is not so I don't include that in my cost breakdown... I hope that helped if anything let me know 😁😁

[@belindadeas1974]

Thank you so much!!☺

[@JaniesSweets]

You're welcome thanks for watching !

[@kimberlysandoval993]

Your video is so informational, I would love to know about deposit

[@JaniesSweets]

Kimberly Sandoval thank you love... I sure will 😘

[@laurabroomfield800]

Good job.

[@JaniesSweets]

Thank you for watching

[@aseemgeorgenelson3767]

Mam you are the best

[@344amme]

Really liked this video and super helpful. I'm going to rewatch but, were overhead costs included? I need to do a lot of math to figure this out hopefully I do this right. Thanks!!!

[@JaniesSweets]

Thank you 😁😘 I personally didn't include overheard cost only because I bake at home and it would have been a little hard to determine that's why

[@Ninaricci850]

This video really helpful:)

[@JaniesSweets]

Vilnayati DonatusBala 😘😘

[@dolcifioricakes]

Thank you!

[@JaniesSweets]

Jillian Rogers you're welcome love 😘😘😘

[@rachelw.7453]

Absolute great information on pricing and your spreadsheet is extremely helpful. I'm so glad I came across your channel. I've recently started baking and have been feeling that my cake pricing is a bit high & could be part of the reason why I don't get as many sales on the larger cakes & sell mostly minis. I did want to know if you also factor inflation when ingredient prices increase?

[@Racine85]

you were able to download the spreadsheet?

[@whatitbelikefresh6945]

Hi. Great video very very informative. You just opened my eyes up to how to finally get my pricing down. I understand the concept but where do I get the cake calculator program

[@JaniesSweets]

Thank you!! 🤗 check out the description box for a link to where you can find the documents

[@mimissweetandsavorylife3294]

This was phenomenal information! Today is the day I’d decided to try my hand at making money doing this. Since I deal with Scleroderma and other rare autoimmune diseases, along with chronic fatigue, I feel like my wage should be lower since things take me longer than healthier folks. We use 5 times more energy to do the same tasks as others. Not sure what my wage should be.

[@sorangelcruz621]

Hey, Great video! Thank you so much for sharing, very helpful and interest specially for us who are just starting 👍🏼😊 can u please tell me where can I find the form u used in this video it will help me a lot? Lol God Bless

[@JaniesSweets]

Hey love thank you for the compliment. Check out the description box for the direct link i created an excel and a pdf version on my website.

[@cheetosfritos0869]

Thank you so much ❤️❤️❤️❤️

[@JaniesSweets]

You're very welcome 😘😘😘

[@tylynja]

I love this! One question though how do you account for each layer needing to be double? Does the sheet account for needing to bake each recipe twice to make additional layers?

[@JaniesSweets]

Thank you for watching 😘 the way I do it is I count a double as part of 1 batch... not sure if that makes sence so 1 batch is 2 layers... 2 batches are 4 layers etc etc... hope that helps 😁

[@shaheeras.treats]

Wow thanks so much. I've made a tall cake that took me hours to make and only charge £35...this really makes sense thanks x

[@JaniesSweets]

I’m so happy you found this helpful 😊 😘

[@linnettefletcher8699]

This is my first time watching your Channel I didn't quite get it but I'll get it eventually you're very pretty lady much blessings thanks for sharing

[@JaniesSweets]

Thank you so much for watching the 😘

[@meltsarap]

thanks besh