How much do smash cakes cost? The prices range between $30 to $85 for a smash cake. However, it greatly depends on the sizes and designs. For instance, it costs approximately 50 dollars for a single-layer 5-inched round smash cake. Also, it has buttercream with minimal decorations.
How Much Do Smash Cakes Cost?
A small four-inched and six-inched round smash cake usually ranges from $30 to $85, depending on its designs. For the most part, smash cakes are ideal for first birthdays. Who wouldn’t find it adorable to see their baby dig into that amazing smash cake? Usually, customized smash cakes adhere to custom cake pricing. Because of this, it costs about 45 dollars for a four-inched smash cake with a fluffy, one-color buttercream design.
Smash Cakes Cost: Cake Pricing Guidelines
First and foremost, you should always value your cakes. For that reason, if you do not know how to appreciate your cake work, how will you expect your customers to value them? Do not worry about customers who think your cakes are expensive, because they have various demands and budgets.
However, if you are a beginner, cake pricing can be one of the most difficult tasks you can encounter. In addition to that, pricing a cake does not only involve adding the markup and costs of ingredients.
Furthermore, it can be challenging since if you overcharge, the customer will probably go somewhere else. On the other hand, it would not be wise to charge it for a low price because that would not profit. Ultimately, not knowing the correct price would result in losing the order.
With that, you should always make sure to price your cakes based on their value, not their costs, because cakes are luxury products. That is why cake prices must depend on the value they give to your customers.
Smash Cakes Cost: Cake Pricing Factors
Cake pricing has various factors like what unique value do you offer in making and designing cakes. It would be best to consider how your customers are willing to pay for your cakes, such as smash cakes.
Moreover, your location and reputation could play significant factors in determining your cake prices. And most importantly, what clientele are you typically serving? May it be high-class wedding cakes or middle-class birthday cakes and Halloween cakes?
Typically, bakers utilize similar ingredients when making a cake. For this reason, all you need to do is select the essential ingredients like flour, sugar, salt, leaveners, oil, shortening, flavorings, and extracts.
Furthermore, keep in mind the cost of the ingredients and supplies. It is also important that you include each ingredient, no matter how small, in your pricing. Do not forget other direct costs such as boxes, dowels, and cake boards. Also, keep these costs as your reference.
It refers to accessories or utilities purchased to create and decorate the cakes. It includes what you pay for water, electricity, and phone. Hence, indirect costs pertain to any cost linked to your business (if you have one), however not a direct ingredient in cakes. That is why it is much easier to compute these kinds of costs monthly than on a cake-by-cake basis.
Not to mention, marketing expenses like business cards are part of your business costs. To compute indirect costs, you have to estimate the percentage of utility costs associated with your business. After that, calculate the overall for a certain month. Afterward, divide it by the number of cakes you have created that month. As a result, it will give an estimation of the indirect costs for every cake.
Usually, most people disregard the time it took to design the cake. Moreover, the time spent to purchase the ingredients, including the cake’s baking time. Also, how long it took to contact the customers back and forth for their order and cake designs. That is why if possible, you should set aside a dollar value for your labor.
It involves the taxi fare or gas money to drive the cake. In addition to that, it includes the time spent setting up the cake.
One of the worst things that can occur is people come to you due to having low cake prices. There is indeed no honor in being the cheap cake seller. That is why you have to consider your competitors. For this reason, it would help you greatly if you check your competitors’ cake prices. After that, compare those to your values and skills. And figure out a brilliant approach that would get more customers to choose your cakes like smash cakes over your competitors.