How to Accurately Price/Cost your Cakes for Bakers | Cake Pricing/Costing for Profit

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CAKE PRICING/COSTING
A major cause of concern among budding and even established Bakers is one critical aspect of Cake Business. And if you lack sound knowledge in this, you would just be floating on guess work and you cannot take it from me, build a Thriving Cake business on this.
Know your Cake costs and know peace.🙂
This is where your mathematical skills and abilities come to play because oh yes, it involves a lot of calculations which however tasking will pay off in the end. So get your pen and paper and let's calculate our Cake cost.
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Ephesians 3:20
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Music Credit
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Опубликовано:

8 июн 2021

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Комментарии : 105

@tanyinana7013 2 года назад

Thanks very much Oluchi everything you teach is something we pay to learn 🙏 I'm grateful ❤️

@OluchiImoh 2 года назад

It's my pleasure Tanyi Nana, thanks for the acknowledgement and for watching!❤️😊

@estheroloton6052 Год назад

Thank you so much direct and straight to the point

@OluchiImoh Год назад

It's my pleasure Esther, thanks for watching!❤️

@omonayinifeoluwaflorence2852 2 года назад

Wow. I took notes for this. Thank you so much for this

@OluchiImoh 2 года назад

You're most welcome Ifeoluwa, thanks for watching!❤️

@ggold4825 3 года назад

And yes, you did get the message across clearly, well understood. 😘

@OluchiImoh 3 года назад

Great, thanks for the feedback! 🥰😘

@bakareadenike4802 5 часов назад

Thank you

@lovelynsdiaries8510 3 года назад

I was really waiting for this, thanks Oluchi ❤️

@OluchiImoh 3 года назад

You're most welcome Lovelyn!❤️ Glad it's here now.🙂

@karuruwambui3466 2 года назад

Loved this content.Thanks

@OluchiImoh 2 года назад

Happy to know, thanks a lot for your kind feedback! ❤️

@hardeykunmiadex7520 3 года назад

Thank youuuu ma. God bless you for this.

@OluchiImoh 3 года назад

Amen!! God bless you too!

@maureenmwuese6544 2 года назад

Very helpful. Thanks.

@OluchiImoh 2 года назад

You're most welcome.

@Snackonpoint 3 года назад

Nice one Sis... Well itemized.

@OluchiImoh 3 года назад

Thanks a lot Sis!❤️

@Eunice_Adewoyin 3 года назад

Thank you ma for this enlightenment.

@OluchiImoh 3 года назад

You're most welcome!

@ggold4825 3 года назад

Tnks once again sis. More blessings

@OluchiImoh 3 года назад

You're welcome sis, amen!

@eniyemochi1195 Год назад

Just came across your page and I am glad I did God bless you ma,so many answers to my questions

@OluchiImoh Год назад

Welcome to the Family Eniye!❤️ Amen and you too. Glad you found it helpful.

@eniyemochi1195 Год назад

Pls I don't know if there is anyone in this community staying in Ikorodu Lagos and its environs,I will like to identify with you so I can be better mama Oluchi has pumped me up so much to start

@eugeniasowatei9859 Год назад

Thanks so much ma’am… this is helpful

@OluchiImoh Год назад

You're most welcome Eugenia, thanks for watching!

@owoyemieniolarahmat5609 3 года назад

Tnks for this ma... God bless you

@OluchiImoh 3 года назад

You're most welcome, Amen and bless you too!

@babybaker937 3 года назад

Nice I found this

@OluchiImoh 3 года назад

Glad you did!

@utibenyah8070 Год назад

Where have you been 😩😩 This is amazing ❤️ Thank you Ma ❤️

@OluchiImoh Год назад

Here all along. 😊 Glad you found it so. It's my pleasure. ❤️❤️

@joankimau1202 2 года назад

Wa wa this lesson was made for me.surely mamaa you have helped me alot I was wondering how to charge bt now you have settled down my worries.be blessed God bless you so much.

@OluchiImoh 2 года назад

Amen! Really happy to know you found it helpful. Thanks for your kind feedback Joan.

@sylviannenna916 3 года назад

Thank you so much

@OluchiImoh 3 года назад

You're most welcome namesake!

@salamatubashiru129 2 года назад

Thank you a lot🙏

@OluchiImoh 2 года назад

You're most welcome Salamatu!

@fikayoonyia3323 2 года назад

Thanks

@OluchiImoh 2 года назад

You welcome Fikayo!

@kenwadiwa3145 Год назад

Thank you mama

@OluchiImoh Год назад

It's my pleasure Kenwa!😊

@uwadinmahtheresa7598 3 года назад

Thank u so much ma

@OluchiImoh 3 года назад

It's my pleasure!

@radhiashamsudeen3568 2 года назад

Thank you so much ma for this class. I learnt alllot!

@OluchiImoh 2 года назад

You're most welcome! Glad you did.

@radhiashamsudeen3568 2 года назад

Please ma where does the icing for the cake fall? Will it be recipe or material cost?

@OluchiImoh 2 года назад

Recipe.

@radhiashamsudeen3568 2 года назад

Thank you ma

@OluchiImoh 2 года назад

@@radhiashamsudeen3568 you welcome.

@sarahopoku3915 Год назад

Beautiful... I would wish if there would be another version of this topic... you kindly demonstrate. Thank you

@OluchiImoh Год назад

Thank you Sarah. Okay, it's not as easy tho.

@sarahopoku3915 Год назад

@@OluchiImoh I'd really appreciate it if you could... huge thanks

@nancytimothy4721 2 года назад

Thanks ma

@OluchiImoh 2 года назад

You welcome Nancy.

@henrittajohnson4041 2 года назад

Thank you so much for this, I really needed it. But how do you go about delivery.? Do u deliver personally? Or to dispatch riders?

@OluchiImoh 2 года назад

You're most welcome, glad to know. I have someone that handles that for me, sometimes I do, other times, Bolt.

@viananaadejoke501 2 года назад

Thanks again am finding the class thing difficult. Please ma how can I go about it. I really need the classes. Can go about it.

@OluchiImoh 2 года назад

Please remind me, can't remember which I was referring to in the video.

@amenodeh2545 2 года назад

Thank u so much for this teaching. When an order is being made by a customer, will I tell the customer to wait for me to calculate my cost or should I have a fixed price?

@OluchiImoh 2 года назад

You're most welcome. The way it's done is to do your costing for your Cakes and have the prices ready. This is what will be your base pricing which will be added to cost-wise if there are other intricate details or toppings.

@cocoarose7241 3 года назад

Thank you for this information, would the hourly rate be included in profits ? How much of a profit percentage should go back to the business ?

@OluchiImoh 3 года назад

You are welcome. Using this method, the profit would be included in your hourly rate. And the percentage depends on you as well as the amount you decide to invest again in the business. Other factors are the size of your business and other expenses you incur in running the business.

@cocoarose7241 3 года назад

@@OluchiImoh Thank you for replying !

@OluchiImoh 3 года назад

It's my pleasure!

@catherinesmart8687 2 года назад

Thank you for your teachings. I’m thinking of using real butter in my bakes. But I’m worried about warding off customers because of price. Do many bakers use real butter in Nigeria? Do customers think it’s too pricey

@OluchiImoh 2 года назад

You're welcome Catherine. The question I will ask is what kind of Cake business do you want? This will help you sort out that fear to some extent. Yes, I know bakers who do and also those who mix with margarine. It depends on what you honestly want.

@Nafaecakes 3 года назад

Should hourly rate be fixed? or does it depends on the size of the cake as well?

@OluchiImoh 3 года назад

Fixed and reviewed as your skill and work increases.

@deluxecakesnevents 2 года назад

Awesome class ma, please how about the egg? How do you calculate it

@OluchiImoh 2 года назад

Thank you very much Kosisochukwu. You would divide the number of eggs Lee crate to get the unit cost. It's the unit cost you'd then use to multiply the number of eggs you're using for that particular recipe.

@adebolaadeoye6736 Год назад

Please is the class still on??

@OluchiImoh Год назад

No, it's not.

@Chiwoful 2 года назад

For the colour, baking powder and soda how do we count the unit cost...?

@OluchiImoh 2 года назад

For the baking powder and baking soda, the easiest would be to divide the cost by the number of teaspoons you have in it. This unit cost will then be multiplied by the number of teaspoons you use for a particular cake flavour and size. For the colour, I'd say pick the least amount you can.

@damilolaracheal3469 2 года назад

Happy birthday in arrears ma 🎂,please where do we classify the equipment used?

@OluchiImoh 2 года назад

Thank you Damilola! Indirect.

@damilolaracheal3469 2 года назад

@@OluchiImoh I mean which cost/cake pricing do we classify the equipment used in baking?Like mixer, turntable.

@OluchiImoh 2 года назад

@@damilolaracheal3469 That's the response I gave, indirect.

@ovieloveth5068 2 года назад

Please teach me how to calculate a fondant cake and the profit. Listing the things and calculate them one by one please put me through ma.

@OluchiImoh 2 года назад

Hello Loveth, that's a tall order, I'm afraid I won't be able to meet up. Just follow the points as listed, get a note and pen and state the items you need for a fondant cake, then take it up from there. It takes time but you can get it done.

@nengibriggs654 2 года назад

Please how exactly do I calculate the unit price of each ingredient? I'm not so good at math so it's really confusing

@OluchiImoh 2 года назад

This is an example Bag of 50kg Flour is N12,000 1kg = N12,000/50 = N240 100g = N24 250g = N60 500g =N120

@ThiaChiammy 2 года назад

Does this work for a small baker who doesn't buy cake stuffs in bulk🥺

@OluchiImoh 2 года назад

Sure, it does. Calculate the same way, it applies.

@adeosunomowumi8444 2 года назад

Thank you so much ma but pls ma In my area now there are some people that can price rubbish is it because the locatuon or because that how some baker are collecting the price from them for example if I should say this cake is 10k they will be pricing it 5k or 6k What should I do pls ma

@OluchiImoh 2 года назад

You're welcome. There are a number of reasons why this is happening. Maybe I would make a video on this. Would that help?

@ToluHarounAdamu 4 месяца назад

I believe it would

@osinachirhoda3311 2 года назад

I came late oo Pls when is the next class for the tomatoes and carrots??

@OluchiImoh 2 года назад

Sorry oh! You're referring to the fruits and veggies class right? I'm thinking of releasing it again very soon. Are you ready for it now?

@osinachirhoda3311 2 года назад

@@OluchiImoh Yes. If the price is fair

@OluchiImoh 2 года назад

@@osinachirhoda3311 okay, what's your definition or range of fair price?

@osinachirhoda3311 2 года назад

@@OluchiImoh 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️ Mama pls tell me your price.. If it’s what I can afford I will go for it Am a beginner in this yield but I want to acquire knowledge as much I can.. And wait for orders to come🤦‍♀️🤦‍♀️

@faithfriday9861 Год назад

I don't understand the inches cake oo especially the 10 inches

@OluchiImoh Год назад

Okay Faith, 10 inches means the size in width.

@ujuchukwunelo2385 Год назад

Please do you collect full payment for your cake,or do you collect part payment then collect your balance on delivery at the wedding venue?

@OluchiImoh Год назад

Ah, no please oh! All payments should be Fully paid before the Wedding day.

@ujuchukwunelo2385 Год назад

@@OluchiImoh Thank you so much ma❤️

@ifeomadoris337 Год назад

i want to learn from you ma. please I want to be ur student, I'll let to become an expert. pls ma get back to me

@OluchiImoh Год назад

Doris, thanks for your interest but I'm not in Nigeria at the moment.

@ifeomadoris337 Год назад

Okay ma What bout going for online classes with you?

@OluchiImoh Год назад

@@ifeomadoris337 I don't really know Ifeoma, if you don't mind the financial commitment, you can send me a mail. I'm reserved about this cause most people are not ready to pay the price.

@ifeomadoris337 Год назад

@@OluchiImoh okay ma