A great business idea that anyone can use for making money is to buy and sell homemade candles. In order to be successful, you just need to have some good organizational skills along with keen eyes that enable you to spot low cost candles, which can be sold easily. If you are thinking about going into a candle business, you can follow the guide outlined below for making some real money:
1- First and foremost, you need to define the niche of your business. There is a huge variety of candles available in the market and you have to decide the ones you wish to make and sell. Natural candles made from waxes obtained from palm and soy, hand dip tapered candles, and honeycomb and beeswax candles etc. are some other popular candles that can be found. Material is not the only consideration you have to make; there are genres as well like confectionary candles, container or aromatherapy candles and gel candles.
2- You could either contract with someone with the skill of candle making or learn the art yourself by investing some time in it. It is quite easy to find candle making classes in your neighborhood as you just have to find a craft store. As a matter of fact, these days you can also find a ton of videos on the internet that can be used as a knowledge base for learning how to make candles.
3- Once you have your skills and your plan, it is time for you to deal with the legal issues. You need to obtain a license to be able to operate a retail business and there are other details such as permits, taxes and insurance. There are also local and federal standards that you need to be aware of because candles are of a flammable nature and you have to be comply with all laws and regulations concerning them.
4- Getting your supplies should be the next step on your to-do list. A wide array of source materials can be used for candle making so the prices may vary. Generally, you will be able to make a healthy profit on every candle, regardless of the material you choose. It is best to use a wholesaler for getting your supplies because this provides you with more margin.
5- The packing of your candles is also important because that’s going to be the distinguishing characteristic of your product. If your candles smell of desserts, you can choose to package them in a bakery box for sending your message.
6- You need to talk to outlets to buy and sell homemade candles. You can choose to make an e-commerce website where you can sell them yourself or promote them via an internet artisan marketplace such as http://candles.space.
7- Marketing is very important if you want your business venture to be profitable. You can just start a blog about your candles where you discuss the features and pros and cons of every candle you make.