Looking for a unique business idea that you can start from home? You can make candles and sell them online! You can sell them through an online marketplace like Amazon or Etsy and make a nice profit. So why should you consider starting a candle business? There are several reasons.
Low Startup Costs
To get started in the candle business, you just need some inexpensive equipment and some supplies. You should plan to buy:
- A pouring pot
- An infrared thermometer
- A scale
- Heating pot
- Clothespins
- Molds
- Wax
- Wicks
- Jars
- Dyes
- Fragrance oils
You should be able to get all that for about $500. Other than that, you may spend money on business registration, licenses and permits, business insurance, and a website. All in all, you’re looking at about $1,000.
You can also take inexpensive candle-making classes online if you’ve never done it before.
Flexibility
You can run your business completely from your home by selling online. And you can essentially work as much or as little as you want, depending on how much money you want to make. You can also work anytime you want – set your own hours! You don’t have anyone to answer to except your customers.
High Profit Margins
The costs for making candles are very low, so you’ll be able to keep most of the money you bring in. You can sell some types of candles for about $10 to $15, so if a candle only costs a few dollars to make, that’s quite a bit left in your pocket per candle, probably about 75%.
So, say you sell 100 candles a week at $10 each. That’s $52,000 a year, and you’ll keep $39,000. That’s not bad for a home-based business that you can start for a very small amount of money!
Get Creative
This may be the best part – you get to have fun and put your creative skills to work! You can experiment with colors, shapes, sizes, and fragrances to make your candles unique. If you can come up with some really unusual and stunning candles, you may be able to command higher prices.
You can also get creative with your marketing, creating fun messages to post, and taking creative pictures of your candles to give potential customers a chance to see how your candles will look in their spaces.
High Demand
You should have no trouble finding customers who want to buy candles. The candle industry is worth over $7 billion and growing. Increased demand for home decor products has helped expand and broaden the candle-making market in recent years. Today’s custom-made marketplace offers innovative scents, multiple colors, organic ingredients, and a wide variety of shapes and sizes. You’ll have a lot of competition, so it’s important to practice your skills and come up with some truly unique designs.
No Limit on Growth
While you may just be trying to make a decent living, there’s no reason that your business couldn’t grow into something much bigger. If the market really takes to your candles, at some point you might even need employees and a production facility. Just look at Yankee Candles and the White Barn Candle Company. They had to start somewhere, just like you will be!
In Closing
A candle business is a business that literally anyone can start. It’s a simple business model – make candles, sell candles – and it costs a very small amount to start. You can run your business from home, have flexible hours, and the sky is the limit to how much money you can make! So why not get started?