Candle making business is one of the most popular self-employment options. There are various reasons behind the success of candle making business. One reason is that candles are used almost everywhere. This ensures that the demand for candles never decreases. Another reason that makes candle making business successful is that it is fairly easy to start and manage. However, there are a few things that you must consider before and during the process of starting a candle making business.
Candle making seems to be quite easy. But remember, you will be starting a business and not just pursuing a hobby. You will need thorough training in candle making. Find out about the different kinds of candles you can make and the ones that are popular currently. Once you know what kind of candles are in demand, you can gain extensive training and knowledge on making those types of candles. More knowledge and expertise will mean better products. This will eventually lead to more business and profits.
Certify Your Business
Like any large corporation, even small businesses and home businesses need to have a proper company name and certification. Having a good name for your company is extremely important. Get a little creative and choose a name that will be easy for customers to relate to and remember. You will also need a business license. This will be local, county or state depending on your budget and preference. If you are not aware of how to get your business certified, browse through the internet for information and tips. Make sure you get all the details and documentation right. Ensure that you make copies of your certification as soon as you receive it for safety purposes.
The candle making business can rake in a lot of income throughout the year, especially during the festive season. In a regular month, you can expect an income of $5,000 to $10,000. But this could vary depending on your clientele and the sales of products. Festive seasons can bring in double and triple the amount. With correct marketing and selling techniques, you can increase your income to more than $50,000 a year. A full time candle making business that uses supplies to their best potential can bring in thousands of dollars in a single month.
Market Your Business
There are a number of ways to market your candle making business. The word-of-mouth way is the most inexpensive but it may not provide the results you want. Using print ads in local newspapers, posters or flyers can be great for promotions. You can also sell your candles in popular gift shops. Leave your business cards at the shop so that people can contact you if required. Local fairs are also a great place to promote your candle making business. An e-commerce enabled website with relevant information about your products can also boost your sales significantly.