I was wondering how much to charge for 4 of this peony..
it didnt cost much really but it tooks me 1 hour to make it.. I was thinking 7$ each one..
Is the price fair?
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Hi! I would price it like you price a cake - cost of ingredients, plus labor, plus overhead and profit. At the very least, If one peony took you an hour, I would figure the cost of the ingredients plus one hour of a living wage for you. Why would anyone expect you to make less??
It is beautiful, by the way!
I don't know if my copying and pasting will work but I thought this might help you. I don't make my own flowers I buy them. Most of these flowers are white, so it takes additional time to color them. It gives you an idea of what the cheapest wholesale source sells flowers for. You'd have to look at them to compare your quality verses theirs....to decide if you should ask more or less money for each one.
|Order Number||Name||Description||Company To Order From||Price Per Box||Shipping||Number of Flowers Per Box||My Price Per Flower||x4 profit|
|PRAN||White Glam Rose||Caljava||$24.17||$3.00||3 lg & 3 sm||$4.52||18.08|
|RRWH||Lg Full Bloom Rose||Caljava||$21.56||$3.00||9||$2.71||10.84|
|RRM,WH||Med Full Bloom Rose||Caljava||$24.36||$3.00||9||$3.04||12.16|
|XQN||Queen of the Night||Caljava||$17.19||$3.00||3||$6.73||26.92|
|394401||Ex-large Rose||no wire||Cakedeco||$12.00||$3.00||16||$0.83||3.32|
|390896||Tulip Singles||closed petals||Cakedeco||$42.30||$3.00||18||$2.52||10.07|
|Peony Ex-Large||wired petals||Cakedeco||$3.00|
|390696||Ranunculus||Cakedeco||$17.90||$3.00||4 lg & 6 sm||$2.09||8.36|
|390752||Med. Chrysanthemum||assorted colors||Cakedeco||$24.50||$3.00||32||$0.86||3.44|
Sorry, my cut and paste cut things off a little. But you can still look at the per box price and the quantity per box to figure out what the cost was.
I charge $40 for a large peony, open or closed. I figure the cost in time and materials are about the same for doing a closed center and an open one. Each one includes 2 buds, leaves and a few filler flowers.
Just because someone can't afford or see the value in a $10 peony, doesn't mean you are priced too high . . . it just means they won't be buying one. Move on with confidence!
I charge $25-$40 for my peonies depending on the number and the size. I'm fairly quick with them and I absolutely love them!! I have three brides this summer using them on their cakes and all of them got to hold an actual gum paste peony. I think when they get to see the beauty up-close, they see the value. All of them even asked how long does it take me. I even tell them that it can be a keepsake from their wedding cake. The color may fade but as long as they keep it out of moisture, it will be great for years. I feel like if I were to just tell someone how much a peony costs, they wouldn't appreciate it. I either show them a picture or let them hold one. HTH!
Peonies are a statement flower. All you need is one or 2. The way I sell them, with buds, leaves and filler flowers, you can decorate a mid-sized tiered cake with just one. I'm also experienced and my skill level justifies the price. Three years ago, I wouldn't have been able to sell a peony for anywhere near that much .
Just a comparison, my local florist sells really good looking fake flowers and they are $15.00 per stem. You'd be silly to put all that love and labor into a sugar flower and sell it cheaper then a plastic one.