Dear Fellow Home Cake Business People
I recently started up my Cake making business from home. One of my greatest difficulties is getting the price right. I seem to be under charging, which brings me repeat business, and exclamations of delight and later flowery compliments. But, the minute I put my prices up, my existing clients have a melt down.
I have been charging 35 - 45 pounds for a Novelty Cake, which could take me anything from 5 - 10 hours to produce. I've just tried to quote a client 50 pounds for a Hotwheels cake in the shape of a number 5, with checkered patterning etc. Is this too much. Can you give me some idea of acceptable pricing for professional looking home baked cakes? The cake is to serve 15 children and 17 adults.