Food Product Cost & Pricing Tool
To be successful in the food business you need to know how much your products’ Cost Of Goods is (how much it costs you to make your products) and you need to price them appropriately so that you make money. But with so many different distribution channels open to you – selling direct to customers, selling wholesale to retailers, working with distributors, working with brokers, etc – how do you develop a pricing strategy that will enable you to grow, make money, and provide the end consumers with a price that they’re willing to pay?
This is, without a doubt, the one of the most critical piece of your food business . Believe it or not, this is as important – if not more so! – than having great recipes! Because this is so important, Small Food Business has developed two options help small food businesses:
1. The Food Product Cost & Pricing Calculator was designed by Small Food Business to help you calculate your specific product costs and provide pricing guidance. Priced at $49.00, this custom Excel spreadsheet can be used for all of your recipes now and for years to come. Written instructions and an example are included with the spreadsheet too.
Check out this third-party review of the Calculator by Cookie Connection. Excellent step-by-step instructions as well.
2. If Excel is not something you’re too keen on, you can also take advantage of the Small Food Business Product Cost & Pricing Consultation. With this service, which costs $150, you can send up to 4 recipes which I will analyze and, within 5 business days, get back to you with your product costs and pricing suggestions. This option also includes a 15 minute phone or Google+ consultation where we can talk one on one about your product costs and pricing or about any part of the business you’d like to talk about. (Additional recipes cost $10 per recipe).
If you’re interested in contacting Small Food Business for Product Cost & Pricing Consultation or have any questions send an email using the form below.