Candle Making Business Plan

Candle Making Business Plan-55
Your designs are limited only by your creativity and materials, but do yourself a favor and start with a limited product line.

As an accomplished candle maker you may already have a number of your supplies on hand, but you will still need stock up on quantities.

Consider the following shopping list of supplies and adapt it as needed.

Research your city fire codes, obtain all necessary permits, and speak with your insurance representative.

If you should have a fire and authorities determine that your business was operating outside the law, your liability could be great.

Founding and operating a candle making business makes you both an artisan and an entrepreneur.

Are you ready to put your creative skills and business savvy to work to grab a piece of that market?Be sure to include details, such as the types of media advertising channels you plan to use.It's no surprise that start-up budgets for candle making businesses vary.Your vendor should also be able to provide the quantities you need, in the timeframe you require.Popular candle making suppliers include: Your customers -particularly those who are resellers- will look at you as an expert in the candle manufacturing industry.A good rule of thumb is to double your costs and charge that amount to your wholesale or bulk customers.For direct sales you will want to triple your cost.Others seek out investors, lines of credit, government loans, or grants.Once you have accounted for all your expenses and know exactly how much it costs to produce each candle, you will be able to set your sale price.Check your competitors' pricing to determine whether your prices are competitive.If your prices are significantly lower, you may want to adjust them upward.

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