How much to charge for these?

[sailorcherries]

So very simply put I'm making items for a school fayre with a group of children. They wanted to make hot chocolate reindeer cones - clear cone bags filled with a serving of hot chocolate, chocolate buttons/drops and marshmallows. With a candy cane on the side.

We have around 100 to make and sell, ingredient's cost about £60 (fair trade good quality chocolate etc).
I was thinking of charging around £1.50-£2 for these? Someone else suggested £1 and someone went for £2 as it is a 'nicer' chocolate powder and you'd spend more than that at a cafe/coffee shop for basic powder, hot water, toppings being extra.
We do need to make money for the school so can't really go below £1.

What would you pay/be happy for your children to spend at a fayre on this?

I suppose the aibu is aibu to charge between £1.50-£2 for a cone.
Ianbu - £1.50 to £2 sounds okay.
Ianbu - even £1.50 is too much.

No one will know it’s “nicer” chocolate. They’d sell for £2 where I live - give it a go. You can always go down to £1.50 if they’re not selling. And I’m a horrid pedant but it’s fair. (Sorry, just couldn’t help myself)

I think your price point is perfect. £1.50 better than £2 for reasons I can’t really articulate other than I’m a tight-fisted bint.

£1.50

£2

Yeah the chocolate wasn't an issue but as it's a fairtrade school I can label the products as such, at least. I bought the nicer chocolate as personal preference.

There will also need to be a label of such, with either individual ingredients or brand names for any allergy sufferers, I'd assume.

Personally I'm not fussed about the price but our small bubble didn't offer great insight.

Think this is too school/area specific to be useful info for you. They would be unlikely to sell at £1.50 or £2.00 at my DC's junior school.
You need to consider how similar items at previous fairs have been priced and how well they would sell.

I’d charge £1.50 maximum.

We have people selling melted chocolate bars, formed in to Christmas shapes and wrapped up for £3-£5.
Christmas tree decorations, salt dough and similar, for £2+.
Christmas baubles starting at £3 when they're filled with shredded glitter stuff and have a foam sticker stuck on top.

People buy these year on year 😂

I'd say I'm probably on the cheaper/more reasonable side.

I’d charge £1 at the most. No need to go for nicer chocolate - it’s just a novelty.

Is it a wealthy middle class school? If so, £2 is great.
Is it a mixed school? £1.50
Is the school on a sink estate in special measures? £1

What I would pay is not what Brenda, Phoebe, Pam, Tracey, Sandra or Helen would pay. Only you really know what people will pay at your school.

Just seen your update - you must live in a much more affluent area than me! 😆

Just seen your last post. Got for £2.50 and make sure people know the ingredients are great. Good luck!

I think it does depend on the area in which you live, tbf.

£1.60 would be fine, and would give you £1 profit per item.

If it's a more affluent area then you'd be able to charge £2 each.

@SplashingAroundTown the school I work in has just gone from special measures to ‘good’. Is everyone suddenly more wealthy?

one of the mum’s at my son’s school did these last year and she struggled to sell them for a pound each. even when she reduced to 50p not many people bought them. i personally wouldn’t pay over a pound for one tbh.

Agree it’s really school specific. £2 easily round here.

£2 sounds perfectly reasonable.

Just seen your update. £2 sounds like it would still be a reasonable price then.

Countess - are you on a sink estate? I’m being facetious obviously. But within a mile of my London home I could name the schools that would struggle to get any parents parting with any money at a fair (or even attending) and the schools who will have the majority of parents happy to haemorrhage £20 notes at a fair.

£1 at our school.

£2 each or 3 for £5. An offer always makes things look more appealing

I had to search online to figure out what you’re selling. Not sure how I feel, it looks festive but gimmicky. I agree that no one would notice whether it’s “good chocolate” or not, it’s just powder.

I think it’s a logical business decision to start higher and adjust if the price doesn’t work. I personally wouldn’t spend £2 on one but wealthy parents in the moment possibly would

Given your update I’d sell for £2. Good luck with your fundraiser!

In your school fair situation, what a cafe charges is irrelevant, it’s not comparable as you’re certainly not offering to make the drink or provide them with warm indoor seating like a cafe does.