How to price your candles and other products can be a challenge! There are so many options to price your products. Price your candles high, low, or somewhere in the middle? Do you base your candle price off how much it cost to make your candle? Or, do you price them to sell? The answer to all of those questions is yes! This video and presentations takes a somewhat deep dive into candle pricing strategies. And, my recommendations to new candle business for how much to charge for their candles and other products! Including a candle cost and price example!
Chat/Consult With Wade Sign Up: koalendar.com/e/meet-with-wade
00:00 - Overview
02:57 - Biz Objectives
08:00 - Pricing Models
12:20 - Value Pricing
15:03 - Cost-Based Pricing
20:52 - MCD Pricing / New Business
33:50 - Example/Case Study
44:36 - Final Thoughts/Tips
👩🏾🤝👩🏼SOCIALS:
Instagram: / blacktiebarn
KZfaq: / blacktiebarncandleco
Website: www.blacktiebarn.com
Facebook Group: / thecandlemakingworkshop
Facebook (regular business): / blacktiebarn
💡Email newsletter signup for future candle making tips, resources, new content, etc. Would love to have you: blacktiebarnworkshop.ck.page/
🧧//Candle Making and Candle Business Resources:
CraftyBase (Inventory, Recipe, Expense, and Order Tracking): craftybase.com/?rfsn=3998285....
CraftyBase Overview video: • Best Inventory Softwar...
🧰//LINKS TO COMMON OR HELPFUL CANDLE MAKING SUPPLIES (Great for those getting started!!)
Wick Holders and Clips:nordencandlesupply.com?sca_ref=1972485.DlZFh8FQu5
Rotating Pegboard Display (Wax Melts) amzn.to/3fZDXac
Peg Hooks for Rotating Display (above): amzn.to/3KMvJAv
Thermometer 1: amzn.to/2ZrkvuD
Thermometer 2: amzn.to/3qyg6lt
Thermometer 3: amzn.to/2OJocJX
Thermometer 4: amzn.to/3pyel6B
Respirator Mask: amzn.to/3reMwCw
Color Wheel (for mixing dyes): amzn.to/3pdrUcj
Plastic Stirring Spoons: amzn.to/2VcsYQk
Infrared Thermometer: amzn.to/3q93rG4
Heat Gun (Variable temp settings): amzn.to/2JjvDoz
Economical Scale: amzn.to/33oLWYs
Economical Scale: amzn.to/36cDcGI
Economical Scale: amzn.to/33pxSxJ
Presto Melter with spout: amzn.to/2VaIqwb
Pouring Pitcher: amzn.to/37lK4ky
Wick Trimmer: amzn.to/3fKG7cP
Paper Plates (9”) for color testing/pitcher trivet: amzn.to/2Je8lRe
Paper Plated (6”) for color testing: amzn.to/39osi2y
Glass Measuring Cup (my favorite): amzn.to/37hxL8C
Glass Measuring Cup Set: amzn.to/36ft8wM
Glass Measuring Cup: amzn.to/39lWf3b
Pipettes: amzn.to/2JfOn8S
Product Photo Light Box: amzn.to/33xgqKP
🚍//BUSINESS, PACKING & SHIPPING SUPPLIES I USE:
Camera Gear (Video and Products): amzn.to/3oNiaq2
Tape Gun: amzn.to/3dYUycW
Packing/Shipping Tape: amzn.to/3u7Mb5Z
Packing/Shipping Tape (Option 2):amzn.to/3HgcX23
Packing Peanuts (Environmental Friendly): amzn.to/33VhyZj
White Shipping Box - Pack of 50, 6 x 4 x 3: amzn.to/3agrmxr
White Shipping Box - Pack of 25, 6 x 4 x 4: amzn.to/2MN7okV
Aviditi White Mailing Boxes - Pack of 50, 5.5 x 3 1/2 x 3 1/2:amzn.to/3d4Dbs0
💥//OTHER VIDEOS YOU MIGHT LIKE
Candle Making Supplies for Beginners: • Candle Making Supplies...
All About Wicks: • All About Candle Wicks...
Candle Making Business Basics: • Candle Making Business...
Candle Testing: www.youtube.com/watch?v=pHNaa...
Making Candles at Home: • Candle Making Tutorial...
Troubleshooting Candle Making Problems: www.youtube.com/watch?v=GTq7o...
Company Origin and Beginner Tips: • Black Tie Barn Origin ...
How to Ship Candles: • How To Ship Candles | ...
NOTE: This description and video may contain affiliate links to products I enjoy using myself. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. I appreciate your support!