How to price your home baking: EVERYTHING you NEED TO KNOW! Price the RIGHT way so you earn enough.
ฝัง
- เผยแพร่เมื่อ 24 ก.ค. 2024
- Successful home bakers never share pricing info this transparently! Here's EVERYTHING you need to know about pricing your home-baked goods so you can make more profit AND have a balanced life. If you feel you have no choice but to say "yes" to every order (and then burn out), you're not pricing the right way. I used to do the same thing! Watch this video to fix that.
⚡*DOWNLOAD THE BAKED GOODS PRICING CALCULATOR FOR FREE*⚡
You can get them by joining my free Resource Library for home bakers
philosophyofyum.com/free-reso...
*MORE PRICING RESOURCES*
1. 6 Steps to Pricing Your Home Baking with Confidence 👉 philosophyofyum.com/cake-pric...
2. How to STOP Undercharging and Raise Your Prices 👉 philosophyofyum.com/raise-pri...
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⚡️💻 Learn to do your pricing & bookkeeping the RIGHT way so you can earn more income without feeling guilty for charging your customers full price - Confident Pricing & Profit Kit
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*PHOTOGRAPHY TIPS TO MAKE YOUR BAKING LOOK MORE VALUABLE*
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Thanks for watching, see you soon!
Aurelia
00:00 Why you MUST price your home baking properly!
01:16 The practical side of pricing: How to calculate your selling prices easily.
03:03 The emotional side of pricing: How to STOP feeling guilty and charge clients the right way.
09:08 How to price if you live in a poorer/rural community.
11:38 Adapting your bakes for wholesale clients.
12:40 Answering "baking for the love, not for money".
16:03 How to STOP undercharging for your baking.
18:49 How to price your time (wage per hour).
19:29 Customers vanish after you give them a quote.
21:07 Should you round your prices up/down, so they're all the same?
22:22 How to convert your recipes from cups to grams for accurate pricing.
24:00 What time can you charge for?
26:34 How do you account for constant inflation?
27:28 How to price your baking for family and close friends.
29:13 How much profit should I add to each order's price?
30:08 What should I do when clients complain about my prices?
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Thanks for watching this week’s TH-cam video! I’m curious; what are your thoughts/struggles about pricing your home baking? Comment down below! Get the free Pricing Calculator here 👉 philosophyofyum.com/free-resource-library-for-home-bakers-and-home-baking-businesses/
I love your video and I signed up for the free resource library, but I'm terrible at math and even the cost calculator boggles my mind. I don't know how to calculate the cost of a portion of a bag of nuts or a cup of cereal from a box of Rice Krispies. I need somebody to spell it out for me.
@@kelleymcfadden9675 Hey Kelley! You'll see on the Pricing Calculator there's a section for ingredient costs and there I explain to go to www.cakecost.net/. There you can enter your entire recipe and it helps you to calculate your ingredient costs. Just sign up and click on "new recipe". Copy and paste your recipe according to their instructions, then click the blue "next" button below. Then fill in the costs and package sizes of each ingredient (just check your shop receipt for this or search for the local prices online). Then scroll down and click the "DONE" button (there's no need to fill out the rest of the info). Then you'll see a list with your ingredient costs for that recipe :) Then return to the Pricing Calculator and click the navy blue button "click here for instructions" to see how to use the calculator step-by-step. You've got this!
Wow Aurelia, thank you so much for creating this content. How you detach the pricing from feelings and own consumer trends is AMAZING.
Thank you, Selene, so glad it was helpful!
I was looking into the Kentucky cottage food laws and how to begin selling baked goods and came across your TH-cam channel.I cannot explain my heart of gratitude for your wealth of information. I had procrastinated for so long because of doubt on how to begin with pricing. Although I am in my 60’s I feel it is never to late to begin with the encouragement ,knowledge, and support of people like you. Thank you and God bless you!
Aww, this warms my heart, Donna, thank you so much for letting me know! Also please do sign up for my free resource library. I have a wealth of info there as well to guide you along this journey. philosophyofyum.com/free-resource-library-for-home-bakers-and-home-baking-businesses/
EXACTLY....
YOU GO GIRL
You are a Gift of God, Aurelia! May God bless you and reward all your efforts and your kindness.
Thank you, Lidia you are so kind.
Your videos are so helpful and inspirational, but let's be honest, you can post about anything and it will be great!
I appreciate that, so sweet! 🥰
You're the answer to my doubts! I have been feeling like I shouldn't charge much tomy family and friends because I feel guilty of charging friends and family! You just opened my eyes and ears!! Thank you!!
I am so happy to hear this video helped you!
I know this video is a year old, I just found your channel and I want to thank you for all the great information!!! ❤
You are so welcome, thank you for your comment! 💖
Thanks for this vlog! I've recently been thinking about having a bake sale for a fundraiser and have been watching vids on YT for advice. I realize that packaging and pricing, as well as product quality, are what's going to determine the success of my venture, which is why I'm so glad that I've found vids like yours.
Again, thanks so much for posting!
Thank you so cool that you are researching before you do the bake sale, I am glad this video was helpful. I wish you all the success!
I can't begin to express how much I appreciated this video. Thank you!!! ❤❤❤❤
I'm so glad Katia, thank you for letting me know! 💖
You have no idea how grateful I am for your channel! Pricing is honestly difficult for me
Thank you so much for sharing this with me, I am so happy to hear my video helped you! If you want more info on pricing, you can sign up for my free resource library here >>> philosophyofyum.com/free-resource-library-for-home-bakers-and-home-baking-businesses/
All the best!
I really love your insights Aurelia! You’re like the baker therapist.
Thank you so much for the feedback it means so much to me!
Wow, you are so young, but he more I listen to you, the more I'm mesmerized by your wisdom! This is the best advice ever I have had!!🙏💖
Thank you Lidia, I really appreciate your encouraging words.
Thank you for a very enlightened and balanced approach to running an at-home baking business! Really love the idea of offering a classic and gourmet version of goods. You’re experienced advice is invaluable and I’m looking forward to using your calculator to price my baked goods! ❤
So happy to hear it, thank you so much!
YOU are the BEST, great points
I appreciate that! I'm so glad to hear it was helpful :)
Thank you, Aurelia, for this wonderful video. Sending love and good vibes from Bolivia, South America. God bless you in your business and in the blessing that you continue to be to the rest of us. 🤗❤
Thank you so much for your kind comments it means so much, God bless you as well!🙏
Thank you for your video, following from CostaRica ❤
You are so welcome, thanks so much for watching!
Yess! Now I ensure my self to stop doing those nos. You have to know I'm extremely thankful you Made this channel. It brights up so much. Keep up and Thank You ❤
You are most welcome 😊 I'm so grateful the content is helping you!
I just found your channel. I think is great. Thank you.
Thanks for watching Anna!💞
Thank you so much I will take it to practice ❤
You're welcome 😊
Thanks so much, Aurelia.
You're welcome Joan!
Thanks Aurelia, your videos are so insightful, I started baking from home and was selling, and stopped. I just realized I made a lot of the mistakes you covered in your other video.
Thank you so much, I am happy to hear that it helped you!
Hy Aurelia, thanks for this insightful video. Please do make a separate video on photography. Thank you.
Thank you so much! Photography is SO important in a Home Bakery because our photos are our "display case" if you will. Our customers can’t walk into a shop and check out our baked goods in person before ordering. It's our photos' job to draw them in and convince them to buy. For me it took about 5 years of trial and error to figure out what works specifically for a Home Bakery - without needing to buy some kind of fancy setup or an expensive camera. I've put it all together in an online course, Irresistible Photography, that you can check out here >> www.homebakerypro.com/photography
I am so blessed that I found you!
Aww, thank you so much, I am happy you are here!
@@aureliaphilosophyofyum Thank you. Me too!
Thank you
You're welcome!
Your accent makes me miss my friends in South Africa!
Aww thank you!!
How can I get the chart for spending so I can figure out my prices? Please?
Hi!! I’m so glad you made this! I’m a new home baker doing smdecorated sugar cookies and I have started by charging pretty low to get my name out there. But now I am booked and baking 24/7. I don’t feel like I can charge high because I’m still learning. How would you approach this? Should I still charge what my time is worth etc even if I’m not super great at it yet?
Hey Kaitlyn! Congrats on starting your business and already getting so many orders! That's awesome 🥳 If you're fully booked and baking 24/7, that's a CLEAR sign you should raise your prices. Even though you're still learning, your baking is already MUCH better than anything your customers can make, and therefor it's super valuable. You account for lower skill levels in your wage per hour and that's sufficient. You MUST charge what your time is worth yes, if you want to have any hope of having a sustainable, profitable business and want to avoid burning out. Remember, pricing is NOT about your feelings at all. It's JUST about the math :)
Yes to the photos
Hey there Laura! Great news is, since creating this video, I've created a mini course for how to easily take drool-worthy photos of your baked goods 😄 yay! Here's the link >> www.homebakerypro.com/photography
That guilt...I'm literally feeling that at this moment. I gave a client a price. They responded to me via whatsapp and I'm too frightened to check their response. 5:11 It's so damn nerve wrecking
It's very common for Home Bakers to struggle with pricing - please don't get discouraged! It's not your fault. I also struggled with pricing for YEARS. I believe in you; you can do it! 💪 Here is a link to my free resource library that has more info to help you with your Home Bakery journey - philosophyofyum.com/free-resources/
Im so happytofind you.joh im so scaredtocharge high.
I am happy you found this helpful, you are worthy of FULL payment for your bakes! 💖
I want to keep my margins on point. I feel giving someone 2 extra products (that promotes my products from a category they did not order) over a 10% discount. What are your thoughts on that?
Hi Susie, I truly understand the appeal of discounts, but don't do it because it tends to attract "budget customers" instead of loyal customers who value quality and are happy to pay for it. You train customers to only buy from you when they get a discount. Hope this helps and happy baking xo!
This would be such a great resource but the pricing calculator does not work when I download it on my computer😞
Hey Robyn :) Not to worry, I've got a step-by-step instruction video to help you see how to download and use the Pricing Calculator >> th-cam.com/video/0mpGyGHkkLU/w-d-xo.html
I have a question about charging for the baking time. Since you're using either gas or electricity to run the oven, do you figure that in some how or just kinda eat that cost.
Hi Brandie, thank you for watching and your questions. You definitely want to add gas and electricity use in the price of your bakes. I find that mostly bakers are undercharging for their bakes, so it is important to address this first. Sign up to my free resource library to get access to the pricing calculator here >>> philosophyofyum.com/free-resource-library-for-home-bakers-and-home-baking-businesses/
I offer a Confident Pricing and Profit Kit that really helps answer these types of questions, along with bookkeeping sheets that make it really easy to price your bakes confidently and to keep you on track to know exactly what your profits are and how you need to adjust, check it out here. >>> www.homebakerypro.com/home-bakery-pricing-bookkeeping-templates-course
@@aureliaphilosophyofyum thank you for responding. I definitely plan on checking out the resources you have available.
Hi ! Where can I find the chart for pricing on your site?
Hi there! :) You can join the Free Resource Library to get the pricing calculator. Here's the link to join the library >> philosophyofyum.com/free-resource-library-for-home-bakers-and-home-baking-businesses/
Thanks .work smart not hard!!
Thank you for watching!🙏
I hv d same problem pricing
Hope this helped, thank you for your comment.
How do I get the free bake good calculated
Hey! You just need to join the free resource library to get the free Pricing Calculator 👉 philosophyofyum.com/free-resource-library-for-home-bakers-and-home-baking-businesses/
I baked for a lady and she expected me to drop everything to do her order and for a cake she would only want to give me 5 euros for it. what do you think of this? I can´t even make a profit.
Hi! It's super frustrating when this happens, I really understand! In situations like this it's so important to remember that all customers aren't the same. This woman is a BUDGET-client, NOT your ideal client. You're not obligated to bake for her and don't owe her any favours. Refer her to a cheap bakery that's within her budget.
SCAM!!!! non of this is free like advertised
Hey Camila. The Resource Library for home bakers (with the pricing calculator) is 100% free. My other courses (like Home Bakery Pro, The Confident Pricing & Profit Kit, etc.) aren't free. But the Pricing Calculator IS and always will be free. I don't appreciate your false accusation and I don't understand why you're so upset. You can join the free resource library here >> philosophyofyum.com/free-resource-library-for-home-bakers-and-home-baking-businesses/
You're the answer to my doubts! I have been feeling like I shouldn't charge much tomy family and friends because I feel guilty of charging friends and family! You just opened my eyes and ears!! Thank you!!
YAY! You are so welcome!
Your accent makes me miss my friends in South Africa!
💖💖💖