4 Steps on How to Start Your Candle Business at Home

35Is recession slowly keeping up with your potential debts or losses of income? Are you a stay at home mother and wife? Surely, finding yourself in any of these situations is frustrating at times, which is why you might want to test your skills and earn additional income.

Putting up a candle business at home is one great way to make good use of your time. You are not only starting a trend, but you are also creating what could have been an opportunity of a lifetime. Besides, how many have tried and become great entrepreneurs by simply making their items at home and selling them afterward.

In starting your own candle business at home, you have to make sure that you are up for every responsibility and task. Remember, this may start as a hobby but once you engaged in actual production and marketing of products, the playing field becomes noticeably hard. Considerations with regards to time are also required, since you have to practice and learn how to make your scented candles and products.

Here are the steps in establishing your candle business at home.

1. Evaluate your options. Do you want to produce your own candles or start selling other people’s items? Choosing the former may lead to eventual costs while the latter gives you the chance to source out your candles and sell them on behalf of someone else’s investment or cost.

2. Do extensive research. A candle business at home is not comparable to buying or selling cupcakes or pies. Remember that you are trying to sell a product by simply producing them or selling other’s items for a start. Try to expand your knowledge regarding potential expenses. Determine any relative costs or fees that come along with each candle batch. From there, you can define whether you have the capacity to start and manage a personal business or not.

For example, if you decide to make your own candles, you have to be specific with designs and candle types. Do you prefer rolled beeswax candles or tea lights? How about gel candles or birthday candles as products?

3. Equip yourself with the right details. Try to see existing prices or competitor’s rates. Determine the best price for your candles and slowly, you can anticipate probable profits. Be reminded that putting up a candle business at home also speaks of profit and loss margins. Be wise and always pay attention to important trends and price movements.

4. Try to effectively market your products. Whether you are selling your own candles or someone else’s products, it is important to find the right place in selling them. Visibility is an effective tool in marketing and one way of doing this is through selling items online. On the other hand, if you prefer a small candle business at home, then you can always start with friends, relatives and co-workers as potential market or possible sources of income.