I buy my parchment paper at the dollar general for $1 per roll! I get a lot of my plastics, ziplocks, etc from the dollar tree or dollar store. It can sometimes be a lot cheaper this way. Just have to do the math because sometimes a bigger roll can sane you money but sometimes a smaller roll for $1 can be a better deal. Math comes in super handy! 😄
You also have to do the math long-term. How long is that $1 roll going to last you vs. the larger roll and then price compare. Also some people can't afford to buy the bigger roll right off the bat so that's also something to consider.
Just a tip, if you don’t press so hard on your Krispie treats they will firm up a lot softer and make for a chewier treat that’s easier to pull apart. Pressing down hard can make them tough and hard to bite into. Some people may like them harder though. I guess it depends on personal preference 😊❤
This was good! I'd definitely agree your labor is more than an hour here, bc Your Labor is: your Shopping time of ingredients, prep/cook time, your cutting time after and not only the packaging but also your time cutting and packing and also making tags etc. I Love this channel!
I came across this video and subscribed 👍 tour information is so helpful, people don't know how much things cost and think that products are pricey when I give an estimare. Rather loose the sale than lower my prices or I will be a non-profit organization as you said in your video.
Oh I loved this Janelle ! Yes,it’s crucial to break EVERYTHING DOWN ! And I love you kitchen too ❤️ I was just breaking down cost on old recipes last night. Food prices are going up so things need adjusting 😬
Thank you very much for sharing your knowledge. I am a home baker who is thinking about making creating an online bakery. I have struggled with underpricing before but your video helped break down things clearly.
it does not matter if the marshmallows are stuck together because they get melted down making Rice treats. So that's a bit pointless just buy what you want or go CHEAP
Yes, very helpful for myself just starting out into the pastry industry. This makes so much sense. 😊 I will be reviewing your old videos to learn more. I’m so overwhelmed. 😢 But this helps. 😊
it's SO overwhelming in the beginning but by doing research and educating yourself about the industry you're setting yourself up for greater success! You got this!
Already watched this when it came out BUT got your email and wanted to watch again just because i love how you explain it all. Thanks again for the great information!!!! ❤
Thanks Janelle, I've done some of the costs involved, but you pointed out some things I missed like gas & cleaning supplies so this was great info! I have subscribed and will look for the other information that you mentioned, hope to pay it forward someday. Thanks again!
I am a foodie. I’m probably 80 pounds overweight and will eat just about anything but, I hate the marshmallow rice crispy‘s. I have a recipe that’s over 50 years old it’s rice Krispies peanut butter a little bit of Karo syrup and a small amount of powdered milk. They’re not sickening sweet and they just taste better than the marshmallow ones and you could put chocolate chips in them if you wanted.
Yay! I'm so glad this resonated with you! I have TONS more pricing trainings here on RU-vid or if you're looking for something a little more next level you can check out my website www.janellecopeland.com for more pricing trainings and workshops!
This video was very helpful! Although I wish you would define “gross margin dollar”and how you arrive at that number; I got lost there. Hopefully I can find it in a different video that you made. Thank you..
Hi! how do you calculate the rollover ingredients onto your next batch if you're not just selling one? What does your spreadsheet look like for that part? Each batch wouldn't cost you the same because you're using leftover ingredients right?
Great question! Video coming next week that will help explain this! But I also have a Tiktok video on Lofthouse cookies with a breakdown that would be super helpful for you! Go check it out: @janellecopeland
I need money for my senior year of high school so I thought to sell my baking and by watching this I realized that I retained absolutely NOTHING from math cause what?!?!? Imma rewatch it tho cause I need to get this so I can start soon lol
This information was great, thanks so much! I was doing this last week and had everything with the ingredients, packaging and my hourly rate but I never thought to include things like utilities. I saw on another page that items like mixers, pans and other supplies necessary for baking were also calculated in, is that something you also agree with?
Hey! Thanks for being here! Yes, you should absolutely figure out how to factor in the cost of all your equipment! I can cover that in a future episode!
Hey Lindsay! Just wanted to give you a heads up!.. Next Passion To Profit class will open for enrollment soon! First day of class will be Feb 21st! Hope to see you inside!
Yay! So happy to help! Be sure to listen the the new series on BUSINESS TRANSFORMATION that airs Tuesday, February 1 on the PUSH podcast! In the meantime, you can subscribe and listen here: podcasts.apple.com/us/podcast/push/id1483776062?i=1000548936045
Her math on the parchment paper is totally confusing! But I think she multiplied by four because she used 4 pieces of paper (two crisscrossed in each pan so that each side of pan is covered). I think an easier way to do the math would be just to divide the cost ($2.67 in her example) by the total length of the paper (40ft) and then charge each customer a price per each ft used. Since all customers may not use the same amount it would be incorrect to assume you need to charge each customer .50 and to accurately calculate the number of customers you need to use the whole roll. In her cost analysis she only charged the customer $0.25 for the parchment paper, so she short-changed herself. Hope this is helpful. And I only commented because I noticed she hadn't responded to your question.
This is very helpful! Just a clarification, my 13 year old daughter made some mini Bundt cakes that she plans to sell as a fundraiser for her 8th grade trip. Does the same math apply?
I think it probably depends on what state you're in; in some states food items are non-taxed unless sold as hot. If you're not paying taxes on your purchases there should be no taxes factored into your resale price IMO
I normally look at the ounces I get in each sprinkle container and I would weigh my product before I put the sprinkles on and then weigh it after. It's redundant at first but once you get an idea on how much it would be then you can use that as base
I was just looking into your website as well and was wondering if the 10 tips you supply through email is covered in your RU-vid tutorials or if it was additional info that’s not covered.
I get my ingredients as cheaply as possible, no brand names unless I have coupons or I find it on the clearance rack lol. We have a mennonite grocery store I find things at a huge discount and some bulk baking items cheap too. I'm not brand loyal, I'm cheapskate loyal lol.
Makes sense, and I was too when I first started! As you continue to grow, CONVENIENCE & TIME starts to matter more, so finding a company that carries brands that may be slightly more expensive, but offers reliable DELIVERY outweighs saving a few bucks! (Learned this after MANY YEARS in though!) Good luck!
