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Although a good number of people learn How to Start a Candle Making Business because it has relatively low set-up cost and is simple to operate, the vast majority of people start making them simply because it is fun. Melting down wax, adding in the colors and scents, and creating imaginative molds and shapes is fun way to make a living compared to a lot of the options out there. If you would like to give your creative side a chance to have some fun while making serious money, then you need to consider Starting a Candle Making Business of your very own!
Before you begin, you want to ask yourself whether or not you want to make them with paraffin or those made out of natural beeswax. The reason is that the start-up cost of a beeswax operation will be higher than that of a paraffin operation. But you might make up for it by drawing a higher caliber of customer and selling the final products for more. The additional costs relate mostly to materials. The total difference might only amount to around $100 between a paraffin and beeswax starter kit.
Some of the essential equipment you will need in order to start a candle making business is: paraffin or beeswax to melt down. Molds, wicks, dyes, scents, and a pan to melt the wax. The largest expense will definitely be the molds as some of them can run as high as $20 each. All told, you can get started for less than $200. Although you will still need to consider a computer, office equipment, and perhaps even candle making software. That is if you want to become as efficient as possible maximizing your profits.
Recommended Experience, Skills and Training:
Starting a candle making business really just boils down to doing it. While there may be some craft workshops offered in your area, the best and most practical experience you can gain is simply had by making them. Using software can really cut down on the time it takes to learn. However, even without software all it takes is practice. Candle Making Business Marketing Tips:
This is definitely a word-of-mouth type of business. Your best weapon is your past success with previous customers. Ideally, you will want to try wholesaling them to small shop owners. To this end you should always have an eye out for business cards from shop owners. Collect these and never be afraid to just call them up and see if they might be interested in selling your merchandise.
Financing Sources:
Honestly, you should not have to worry about financing options. A Home Based Candle Making Business really isn't that expensive to start. You biggest expense will be the time invested in learning your trade. Fortunately, you can melt down your failures and simply try again so even this trial-and-error portion is relatively inexpensive. Candle Making Business Income Potential:
You won't be able to get rich with this type of venture. However, you will be doing something you enjoy, so the stress factor should be almost nil. That amounts to a lot. I know from personal experience. The good news is you can make a modest living at this, or a good part-time income. Part-time could bring in from $10,000 to $25,000 yearly. If you opt to go full time and put the effort into building it up you could earn up to around $50,000 a year. Either way, this is your first step to a long and rewarding career doing something you love!
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