When you decide to start your own work-at-home business, a candle making business is one option of many. Beginning a candle making business can be fun and exciting and a way to utilize some creativity. However, there are many things to think about before beginning that can help ensure your success. Avoid mistakes that can cost your business to go under before it even starts.
Mistake 1 - Starting with No Experience
As with any home business, you should have at least some experience before you begin. If you have made candles or soaps as a hobby or for personal gift giving you have a head start on growing a business. Starting any type of business with no experience will take more time and presents more risk. Even taking a class at a local community center or reading a candle making book will give you some background to start with.
Mistake 2 - No Research and Business Plan
A solid business plan is a must and that goes hand-in-hand with lots of research. Making candles as a hobby or for fun is a base start; taking that to a business level requires some planning. You will need to research where to get bulk supplies, including molds, candle base (whether that is beeswax, paraffin, gel or soy), wicks, dyes and scented oils.
On the practical side, you will need to prepare for your business by choosing a business name and registering your business with your local city or county. In most places you will also need a business license even if you are operating a business from your home.
Mistake 3 - Having No Work Space
When you decide to start a business from home you have to be sure you have the appropriate space available to accommodate your business. With a candle making business you need space to melt your candle material, whatever it is that you choose. You need space to store your candle making essentials; molds, melting pot, wicks and oils, etc.
You also need to be able to store what you produce as well as office space to do bookkeeping and sales work. An organized work space will help you be more efficient and productive.
Mistake 4 - Having No Niche
Deciding on candle making as a business venture will mean deciding on a niche. If you enjoy making a certain type of candle and are efficient in making them, that should be your focus. For instance, if you have been making soy candles, stick with making soy candles until you are ready for your business to expand or until there is a solid financial reason to make other types of candles. The possibilities are varied and wide and include votives, floating, special occasion, and mixed colored, as well as various scented.
Mistake 5 - Having No Market
It's important to decide where and how you will sell your candle once you make your business official. Having a website is the best way to market your products but there are other ways as well.
No matter how you sell your candles, you will need to make sure the price is right so that you can gain and keep a customer base and so that you can eventually make a profit for yourself. Avoiding mistakes and having fun will take you far in the candle making business.