The Bakery Business Guide: Pricing for Profit

An insightful guide about pricing baked goods sustainably - including recipe cost, confidence, formula, and strategy.

What you'll learn
How to price baked goods in a way that covers your true costs, creates a profit for you and generates funds to grow your business.
How to use a unique formula to create an average pricing chart, making quoting and menu creation simple.
How to find base costs of recipes and business elements.
How to manage profitable pricing long term.

Requirements
To best utilize the recipe calculation charts, you will need a kitchen scale to convert measured recipes into weight recipes.
You will need a calculator of some kind.

Description
It is common for bakers to undersell themselves when it comes to pricing their products, either out of uncertainty or fear. If you do anything to help your business thrive, making sure the numbers are correct and you are charging a price that will make it possible to continue baking for your community is very important.If you are a person who would like to sell their baked goods and generate real profit from your sales, you must learn about how pricing works and how to apply it to your business. This course will utilize special formulas to help you determine the perfect price point to:Cover your true costs AND pay yourselfStay competitive in your industry while making a profitAllow your business to have growth built right into the pricingWe will go over various steps needed to get yourself to a price point that is right for your unique business.Steps include:Pricing out your materials in a recipe correctlyPricing out other costs like overhead and depreciationDetermining how and to what amount you want to profit from your salesInputting data into a chart to generate your base costs for a productCreating an easy-to-use pricing chart so you can quote orders quickly, even if they are custom

Who this course is for
Hobby bakers or bakery business owners needing to get a handle on their pricing and learn how to price for profit.
Bakers who want to make an income from their baking business.