What is candle business?
A candle making business is a great way to be your own boss and provide a useful product that people need. If you love candles, this is a great business for you, but it’s going to take some work. To start a candle business here are some steps by which we can run the business successfully.
Step 1: Perfect your craft
To start a candle business, you first need to perfect your craft. It’s not enough that you like candles and enjoy creating them; you also need to know how best to make the type of candle you want to sell, whether it be jar candles or pillar candles or votive candles.
You can create all sorts of novelty items with wax, such as floating tea lights for a party or ice cream scented meltables at home, but if you hope to start a professional business selling them, they will not be the best choice. If this is what you aim for though, take heart – there are many resources available online and in your community that can help. There are even plenty of ways to get started before you feel ready, such as selling at local markets or online.
Step 2: Create a business plan
Once you perfect your craft and decide what type of candles you want to sell, the next step is creating a business plan. A good business plan will cover all aspects of your candle making enterprise from start to finish, including how much it will cost you in equipment and supplies.
It must include projections for income and expenses too, along with details about how many employees your new company might need and where they would come from (you or independent contractors), plus information on any partnerships that may be involved in getting your product out there in the world. If there are no other parties involved but you hope to franchise in the future, this must be covered in your business plan too.
Step 3: Get the proper licenses, permits, and insurance
The next step is to get any necessary licenses, permits, and insurance for your particular business location if you have not done so already. This will vary depending on where you are doing business, but there are some basic requirements that typically apply which you can find out about through your local government website or office of the attorney general. Business owners should also consider worker’s compensation coverage as an option too.
Step 4: Decide where to sell your goods
Now that you’ve perfected your craft and created a business plan, it’s time to decide where to sell your goods. Will they be sold in a retail store, craft fairs and bazaars, or online? You can sell candles in all of these places and more, but the decision should be made based on your personal preference and what you think will best suit your candles.
Step 5: Find small business funding
You’ll also need to secure any necessary financial resources before beginning production. There are many possible options for this depending on the type of business you choose to run, including angel investors, family loan programs, or applying for a SBA loan through your bank. If you plan to operate an e-commerce enterprise only though, finding startup funds may not be as much of a requirement since there is no physical location that to be secured and outfitted.
Step 6: Find and manage candle supplies
As you perfect your craft, you’ll need to find the right suppliers for your candles. This is especially important when it comes to making the wick that will be used in each of your creations. In addition, managing these companies will also be a part of your daily operation once production begins, including dealing with accounts receivable and payable too if required by contract.
Step 7: Start marketing your candles
In order to get sales rolling, you have plenty of options available from traditional advertising campaigns to social media outreach or viral video efforts of your own creation. There are many more details involved here though so be sure to do a little research on any new ideas before going to the trouble of implementing them. You might also consider hiring a marketing team or consultant that specializes in candle marketing if you are unsure about where to begin with your own marketing efforts.
How to run candle business?
There are many different types of candles that can be made, but they all have similar steps. The first step is deciding what kind of candle you would like to make and how you plan on marketing them. To get started with your new business, here are the five easy steps:
1) Decide what type of candle to make
2) Decide where to market the candles
3) Find materials
4) Make your candles
5) Design packaging and set up shipping (if necessary).
Decide what type of candle to make
Candle making involves melting wax and adding dye, scent, or other additives. If you are not familiar with candle making it is best to start out by learning the basic steps for one type before moving on to others. There are four main categories of candles: molded, dipped, rolled and poured. Molded candles require pouring melted wax into metal molds and waiting for them cool.
These types of candles typically come in containers such as jars or tins that can be purchased at places like Walmart or hobby stores. Dipped candles involve dipping wicks repeatedly into a pot of melted wax held over a heat source until the desired thickness is reached. Rolled candles include rolling sheets of wax around wicks to form cylindrical candles before curing them. Poured candles require melting wax in a container over heat and then pouring it into other containers or molds.
Decide where to market the candles
Once you have chosen your candle type, you need to decide how and where you will sell them. Candle making is a great way to supplement income from another job, but if you want to make it your sole source of income, you may need more than one product line and multiple sales locations. Selling at local craft fairs and farmers’ markets can be profitable as long as the event supplies electricity for heating and packing equipment.
In addition to ready-made candle containers, you will need the ingredients and equipment for your chosen type of candle. There are many different types of wax from which to choose including paraffin, soy, beeswax or a blend. Wick material can be made from cotton or synthetic fibers that vary in size and style.
Candle colorants come in many forms such as liquid dye or powdered pigment that must be mixed with oil before being added to the melted wax. Scents may be essential oils added directly into the hot wax or pre-made scented candles used as a base for custom candles by inserting wicks through the center hole before they cool and harden.
Make your candles
Candle making is a multi-step process that requires heating the wax to just the right temperature and watching it carefully while you add colorants, fragrances, or additives. It is important to follow safety precautions while working with hot wax.
Design packaging and set up shipping (if necessary)
Your finished candles should be packaged in boxes or bags before being shipped to customers. There are several different types of candle containers available including jars, tins, votives and pillars. You can make custom candle holders using molds made from silicone or metal cookie cutters. To save money on packaging supplies, re-purpose materials like cloth drawstring bags for gift sets of multiple candles. If you plan on selling wholesale to retailers you will need to set up a merchant account with companies like Paypal and Shipwire.
Market your candles
You can market your candle business by sharing product listings and photos on Etsy and Ebay, joining industry-related Facebook groups, and networking with other craft makers at events like the Renegade Handmade Craft Fair in Chicago. If you plan to sell wholesale, approach local boutiques and gift shops about carrying your product line.
Frequently Asked Questions
- What is the average cost to start candle business?
The cost of candle business is low. To start business, you need approximately $1000.
- Do we get profit from candle business?
Yes, there is much profit in the candle business. A person can afford it easily. And also get profit.