Is it profitable to start a soap and candle business in 2024?
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- čas přidán 26. 06. 2024
- If one of your New Year's resolutions was to finally start that handmade soap or small batch candle business, but you're not sure if it's really worth the effort, this video is for you.
In this video I'm talking all about the different elements of profitability in a product-based business and what I think you should consider if you're going to dive into this type of entrepreneurship.
1:14 Bushyl background
2:01 profitable, yes or no?
2:50 realistic timeline
6:57 output for profitability
7:58 marketing demands
9:36 lifestyle
10:43 rejection
12:08 business size & scaling
14:37 getting started
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So true about putting yourself out there! I sell soap, one lady walked by my table and yelled “Not what I’m looking for!” 😂 I work in healthcare so I guess I’m used to rudeness
Oh my gosh haha people are so BOLD
Yup VERY RUDE in hospital 😅😅😅😅
What? What an idiot
I would have said, "I hope you find it!" Lol
Ok WOW. I also have adhd and struggle with the “sticking to things” and i want to try everything. It’s my husband’s biggest peeve about me. I had NO IDEA it was because I’m bored after I’ve mastered it. It’s so true though 😮 thanks for that little bit of enlightenment 😳
I do the same! One min I’m going to sell soap, then it’s shampoo; then both; etc. nice to know I’m not alone!
I went back and to my “ work from home” model because the rent and utilities of my building were killing any profit. But yes, busting at the seams in a home is a real thing. The amenity space in my apartment has been fantastic.
I’ve been 100% debt free and only buy as I can afford it. That being said, I’m in year 5 and this year I’ll finally be paying myself on a regular.
It’s also hard for soap makers because we need it made weeks ahead before we can sell it. ( majority of the time)
I started with candles but had a hard time keeping up the demand due to not having enough funds for product and i dont want to get loans and i still have a fulltime job. I think starting soaps would be a great restart to building my business back up.
The worst month ever… got some small income from my regulars. Hope it would get better this month. Since i went all in with “valentines theme” soaps and candles. Mostly soap. Wish me luck!🍀
The information you shared here is what I need to help me decide where I want to take my business in 2024 and beyond. I had figured out the volume so now I can work on a production schedule and strategy. Thank you. 🙏🏽
So many of my peers are able to work from their spare room and I'm jealous! Having rent costs does make it so much harder to make a profit and also having that initial commitment in signing a rental lease is scary!
this is so helpful! thank you, thank you so much! I'm just starting my little candle business.
Great video. I don't know why people go out of their way to go to a craft fair and bash the goods for sale. I don't go to a car race and yell, "This is stupid."
This is great perspective. Thank you for sharing.
Thank you for this, definitely got me thinking more. Trying to start a small soap business. Sometimes it’s so discouraging to start with the other billion sellers in the same sea!
Very helpful, thank you! You and I have a lot in common - I rented a space fairly early on due to home restraints, as I have two small children, a husband, and a myriad of animals at home. I also have started struggling with making the same recipe over and over to restock the items in my store, and have thought about hiring an employee to make those soaps so I can keep experimenting with new designs and ingredients. Thank you for this video! :)
Glad it was helpful!
I like that you didn't regurgitate what every other candel making video says. Its new and infornative video.
Thank you! That means a lot! I try to offer new perspectives or insights when I can :)
Oh wow! I am also from Wisconsin. It's my first time watching your video and I am about to start a soapmaking business 😊
I LOVE your practicality. Period. Thank you 🙏
Thank you so much!
Great stuff, I am listening and I see, ty
thankyou for sharing!!
Great video dear..
currently watching all these candle business videos and thinking on launching my own.
That’s awesome! You should!
This is so true with people not respectful towards what we do. I have a lady who came up to my table at a pop-up shop and used her finger to feel inside of all my different scent candles, not reliazing what she was doing. Her fingernails Doug into my candles. It was so disheartening to know that people are so rude with the audacity to do this.
Have the customer pay for everything that she damaged.
I feel that one incident can be called a mistake
But she dug her fingernails into multiple
candles so that’s no longer a mistake that’s intentional damage.
She can’t say it was an accident because she could see and feel what she was doing
But she did it anyway intentionally
And she should pay for the damage she caused.
People can’t just call what they did an accident
They should pay for it
All establishments have people buy stuff that they damage
Don’t let people get away with damaging the products you work so hard on.
Wow, that is so rude!
Wow! Let’s just say I would been banned for life at the event😂.Just rude as heck
Wow the part about the unkind things people say about your products really resonated with me. It's so true and confusing. Do people just say whatever comes into their brain at any given moment?
Hit the like button! This was a good video for me to watch. I have been looking seriously into wholesale. I figure I will do what I am good at and somebody else can do the other part. I have been selling natural pet products for the last few years and am ready to scale up.
Aww thank you so much! I’m so glad you liked it! Good luck with scaling - sounds like a great business!!
Hi. Where in Wisconsin? I’m here too! Ty
Hi there! New subscriber here and this is my first video I’ve watched on your channel. I’ve been scouting around and I see that you have both a very nice website as well as you seem to be very active doing in person markets. Can I ask, which do you think is more profitable? I’m just starting out and can’t do both right now so I’m trying to determine which to focus my efforts on in the beginning. I’m leaning in person just because the idea of selling a product someone can touch and smell makes more sense. I’m leaning heavily on my branding and getting my product into local boutiques, I live in a very small town. What are your thoughts? Any you can share are greatly appreciated! Thank you!
Hi! Thanks so much for subscribing! This is a great question and for me I would definitely say in-person markets. I live in a bigger city but if you’re willing to travel a little bit, it’s just so much easier to have a bunch of people in front of you product at an event than to try and build some sort of following that it brings enough traffic to your website to build that way. Hope this helps and good luck!
Hi. I’m sooooo new to all of this. Mainly just getting more info. Has the squeeze wax for wax warmers trend already passed? Or fizzled out before it was ever a trend? My adhd brain is horrible about forgetting to blow out candles. But am not finding the strong scents in wax melts. So I was looking at the squeezee idea. What are your thoughts?
Hi. Also. How much do you make with your things? Ty!
I do not want it to be 68 b4 I make profit,lol.
I thought about adding print on demand too.
Hello. I need help to make candles too please
What's a good amount of scents to start with?
I’m going to make a video on this - great question!
I just want to make extra money over time not really seeing it as the income thats gonna get me out the work force or rich!
@@tessa2671 Believe me I know the game I'm not a youngster. I'm just checking out stuff I know when something won't work! Thanks for your input!
I hope it does not take 5 years to make profit. I am 61 and making melts,cause I cannot work anymore
My word for 2020 was 'HOME' never doing that again!!
So you have employees??
I have one part-time assistant who works about 5 hours a week on average :)
New Sub! on track to launch in March!!
Woohoo! Good luck!