- Oct 19, 2013
- Reaction score
If you were going to start trying to make money from baking, how would you do it? Anyone out there actually doing this now? What's the best way to keep cost down and how do you set a price point?
Yes, you are right! Many times we underestimate equipment and electricity costs even when we devote time to an online business, like in my case, but still impossible to carry out without having to pay these costs, which vary from region to region.Sounds good MyDigitalpoint! But 300% could be low in some areas. For instance, if you're talking about one jumbo cupcake with tons of icing and all the bells and whistles, you could get material costs down to maybe 30 cents each! I think a mistake mom and pop stores make is that they under-price their food. The bulk of the expense is in equipment and electricity costs. Not to mention rent or mortgage on a building.
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