How to Price your Baked goods? | Hourly rate, Profit, Cost of Ingredients | Cake Business Pricing
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- Опубліковано 8 вер 2024
- Hey guys
In todays video we are going to be talking all things Pricing! Including your Hourly rate, Profit on your makes, the Cost of Ingredients and How to price your baked goods etc.
I will be going through my costing spreadsheet that I made and use to calculate the cost of each thing I make.
Next week I will be releasing a Spreadsheet Pack including everything you need as a business to keep you organised and how to fill it out.
Here's the Link to my etsy shop, make sure to favourite my shop in order to be notified of the listing going live!
Etsy shop: www.etsy.com/u...
Basic pack : www.etsy.com/u...
Advanced Pack: www.etsy.com/u...
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• C O N T A C T •
Business enquiries - amypageenquiries@hotmail.com
Baking enquiries - sweetthingsbyamy@hotmail.com
• S O C I A L S •
Instagram
Personal - / amyvictoriapage
Baking - / sweetthingsbyamy
• A B O U T M E •
My age : 21
Where I live : Buckinghamshire, UK
Baking Business: Started in June 2020
Vegetarian/vegan : Vegetarian for 6 years
Puppy : I have a 1 year old Shichon
• E D I T I N G & F I L M I N G •
Wondershare Filmora 9
iPhone 8 plus
Canon M50 with Rode videomic pro
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#cakebusinesspricing #business #costingspreadsheet
A little tip for anyone using spreadsheets: You shouldn't hardcode variables into a formula, when they change it makes it harder to adjust and easier for errors to creep in. For example in the profit section the price should be a separate column so that F23=H23-E23 (assuming H23 contains the price you charge). Same with the weights of the ingredients, both what you buy and how much is in your recipe in case either change.
I'd also suggest formatting every cell as currency so you get £2.50 rather than 2. It'll also set the answer to 2 decimal places so you don't end up with £0.545375 instead of £0.55
Thank you Amy
You are so welcome!
love this!! what formulas did you use for the ingredient bit on how much it costs xx
Thanks, this is a file I sell on my website so unfortunately I can’t share the formatting but feel free to check it out x
Www.sweetthingsbyamy.co.uk
Thanks Amy for yet another INFORMATIVE VIDEO🤩
Thanks for watching, You're welcome!!
This is so cool!!
Hi Amy.. I just wonder If you write the ingredients on the chocolate packets you use to decorate your items? Sorry about my English..I mean like those ready items on the brownies? They all have lots of ingredients of their own plus browni you made. For allergen purposes, isn't it risky to put ready sweets on brownies?
Thank you
Hi, you only have to list allergens eg milk, eggs etc. so i list the basic ingredients, then twix chocolate etc (not whats in them). You can put sweets on brownies :) All you have to do is note in descriptions that these brownies aren't suitable for allergic people. Then you can put anything on them and just include an allergen label
Great video! One question though, what is a good mark up percentage for items like cookies and cakes?
should be 20% profit approx
Hi, how do you work out what to charge for utility bills/insurance etc? Thank you 😊
Hi, for bills I don’t currently include an exact percentage as I live at home and don’t have the exact costs (when I move out this will be included) most add between £2-3 per order for oven use etc based on an average daily cost when they divide there monthly bill into days.
For insurance mine is £11 so I don’t add a specific amount as it is so little but I charge a larger hourly rate as I am registered and insured.
Insurance would be more for a shop so for that I would work out an exact amount again by dividing the days 😁
Thanks for your video. Do you charge for postage cost separately or include in your product price ? Thank you x
Separately, honestly I think it’s good to show people the cost. I never buy things with it included as you don’t know what class it’s sent. Most include it so they can make extra profit on it. I do it so people know they’re sent tracked. Ps unpopular opinion but postage is never free so why label it as free xx
I agree with you. Thanks very much xx
I saw some sellers sell postal bake goods like brownie or cookies for example for about £10 and free UK delivery that means the sellers won't get much after the cost of ingredients and delivery. So this is why I was wondering x
Do you include baking time/ cooling time in your hours its taken to make
baking but not cooling as i will do admin or personal things in that time :)
Hi, I know this is super personal so please don’t feel like you have to answer but is your business successful enough for you to be able to live off of it? I want to start my own baking business but I’m really in the dark about how much money roughly you’d earn per month etc and don’t know if it would actually be viable. Thank you!
Hey, I don’t mind it’s alright. I would say you need to work out your costs per month then workout you required amount to sell e.g 10 cakes etc.
I have got very low bills as I paid lots of things off when I was in my previous job in March so now my bills are £300 then £50 for food.
I would recommend building your business whilst working as it will be a reduced income as orders won’t necessarily come straight away.
Personally I knew I might never earn the same as I used to but I was in a stressful accounting role so I’m just happy to have time to myself, make my own hours and not be stressed all the time lol.
Hope this is helpful, ps it’s taken me 5 months but i earned £900 so far this month when previous months it’s been £600 xx
@@Sweetthingsbyamy thank you so much for being so open and helpful!! And thank you for all your videos about baking, I've literally been binge watching them hahaha. I'm the same age as you and you're legit inspiring me! You seem like such a lovely down to earth person, I hope many good things come your way x
@@Sweetthingsbyamy Hi Amy
Thank you for all your information.
I'm thinking of doing savoury take away items and wondering if I should just say products may contain all main allergy ingredients.
Do you sell the spreadsheet software or where do I get one please, it's really something have done but obviously makes life easier.
Also you have a spreadsheet for daily temperatures etc. I got the pack but electronic version would be better.
Hi! I will be listing my pack on my Etsy shop tomorrow, the links in the description so if you favourite the shop you can be notified.
The pack will include order logs, how to work out your prices, temperature checks, allergen list, cleaning schedules, spending logs etc 👍🏼
I also purchased the pack, do you keep photocopying it?
For the safer food better business pack you fill it all out once, then you fill out the logs and diary pages each week so you can photocopy those 👍🏼
@@Sweetthingsbyamy Thanks
What about things that expire like baking soda or baking powder, do you still just charge how much it cost to use 1tsp of baking powder?
Hi, I don’t charge for those as it will be pennies. I charge for the main ingredients and decorations 👍🏼
@@Sweetthingsbyamy thank you !