Determining Baked Goods Pricing
Calculate each ingredient’s cost and factor waste or spoilage.
Pricing Tiers for Cakes:
A 3-tier cake costs $10-12 per slice.
Business Goals and Market Analysis:
- Determine business goals affecting marketing and sales strategy.
- Conduct thorough market pricing analysis.
- Set prices covering costs of goods sold at minimum.
Pricing Baked Goods Effectively
- Why it’s important to price your baked goods appropriately
- How much does it cost to make your baked goods?
- Factor in your overhead costs
- Calculate your cost of goods sold
- Calculate your profit margin
- Leave wiggle room for the unexpected
Tips for Bake Sale Pricing
- Consistency in Pricing: Keeping Items Reasonably Priced
Marking Up Baked Goods
Typically, cakes are marked up by about three times the cost of the ingredients.