Is candle making a profitable business in 2023

Рет қаралды 21,085

Күн бұрын

My name is Jeff Standley and I teach people how to make candles and create a business around them. Thank you again for watching. If you have anything you would like to see please message me.
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Пікірлер: 45

@scentyful Жыл бұрын

Thank you so much for breaking it down for me. You made it so easy to understand. I'm about to start working with a company to polish up my brand and get me to the next phase of my business which is the website, social media, etc. This company can hook me up with a local boutique who has several stores in the VA area where I live. Now I know what to expect with the wholesale aspect of it. Thanks again!!!

@lunablu1128 7 ай бұрын

I really appreciate this video! Thank you for displaying the COGS/profit.

@tangiejones55 Жыл бұрын

This was very helpful, thanks!

@JeannetteValenc1a Жыл бұрын

Thanks for the info! Cheers from Australia

@cityfoodiefarm Жыл бұрын

Awesome info!!

@sandrajohnson3784 10 ай бұрын

Thanks for the info, a great start to my research into a candle making business😊

@greekozygirl599 Жыл бұрын

Brilliant!! So informative, educational & helpful. Thank you.

@michaeldavis9289 5 ай бұрын

My big fat Greek weeding

@sd5899 Жыл бұрын

Good insight

@rachb993 Жыл бұрын

Great info the trouble I have is the shipping costs

@SnowWhiteKerze Жыл бұрын

Like your videos

@toms81162 Жыл бұрын

Another subject. Been doing candles for a while. It seems like everything has gone back to square one. The wax went from a 50# box to a 45# box. It seems when they did that the formula changed. One supplier did say that the wax formula changed as stated by the manufacturer. Scent throw seems down, no matter when I add the FO, or max it out it doesn't seem to mix well. The wax is soy 464, never a problem until recently. Eco wicks, always a home run. Either suppliers are not paying attention to what is going into their bags or the wicks have changed. Sometimes one burns better than the other. Some people think there may be two wick sizes in one bag. Maybe so? They should burn evenly.

@mnminnmn Жыл бұрын

liability insurance should be very important to anyone selling candles. also look at labor costs when you need to hire people. make sure your margins are high enough when doing the work yourself so you can pay for labor AND have a margin as an owner.

@StandleyHandcrafted Жыл бұрын

Absolutely! I tell everyone to at least get this starting out, it will help protect you.

@jitkavalkova3884 Жыл бұрын

Hi Standley, Thank you for this informative video. I'm using soy wax 464. I would like to try pro blend 600. What do you think about this wax? I can't find the calculator that you menchen in this video. Can you send me the link? Thank you!

@lysettekubwayo9852 Жыл бұрын

Hi, thank you so much for the breakdown... As I'm planning to start, is it possible to suggest any reliable supplier??? Especially for wax and fragrance please?? Thaaaanks

@rizzy6687 Жыл бұрын

Looking good Jeff!! You seem to be doing better with breathing🙏💗 And thank you sooooo much for this informative video. It helps a lot😅

@StandleyHandcrafted Жыл бұрын

Thank you. It’s better some days.

@rizzy6687 Жыл бұрын

@@StandleyHandcrafted 💗

@amandag5072 Жыл бұрын

Most hospitality runs on wafer thin margins. After all costs, the profit margin is typically 3 to 5%.

@StandleyHandcrafted Жыл бұрын

Wow! That’s when it’s a quantity game for sure.

@ctatro518 Жыл бұрын

When starting out how many candles should I have on hand? I use coconut soy which takes 4 weeks to cure. I'm not sure how I'm supposed to sell them and have people wait for them to cure? How do you handle this

@ctatro518 Жыл бұрын

Great info! Would love to know how to sell 10 a day. I have a website, Facebook and daily Instagram. Some TikTok as well....

@mojganyeganeh1800 Жыл бұрын

Thank you, this was very informative, my 14 yr old daughter is starting her candle making business what supplier do you recommend for a beginner?

@seej.19 Жыл бұрын

candlescience makesy check local for cheaper shipping or free depending on if they offer pickup for orders

@Lukesmommy Жыл бұрын

When first launching your candle business online, how many candles do you suggest I keep in stock for each scent? I plan to have four to five scents.

@StandleyHandcrafted Жыл бұрын

That's perfect. I always recommend 4-6 so you can have at least one scent in each category. Earthy, bakery, floral, citrus, etc.

@valeriedepippo80 10 ай бұрын

how much for a 4 oz tin

@kitkatcoz Жыл бұрын

Thanks, that was a big help. I'm getting ready to sell at a comic con and am going to make the candles in that exact same jar. I was wondering what a good price for them should be since I'm making the labels really fun and character specific and not my brand name, which will be there but very very small...like Antman small 🙂

@StandleyHandcrafted Жыл бұрын

I've been selling those vessels for $35-$45

@kitkatcoz Жыл бұрын

@@StandleyHandcrafted Holy Profits Batman, that is incredible! I"m pretty excited now. Thanks

@wesscott5844 9 ай бұрын

Thank you? I do have a question. Is their a math worksheet out there? I didn’t see any on line.

@winningrabbit9843 Жыл бұрын

Jeff, I’m looking at all the little costs that can add up like shipping material, the online store, processing fees, etc. I really want to make my own labels which have a black background. Do you have any suggestions which kind of printer would be best for that? I have watched so many vids on this (yours too of course) but since the label is primarily black, I want to save on ink. Thank you!

@StandleyHandcrafted Жыл бұрын

Honestly any laser is going to be great. I used a $99 black and white for years and it was awesome. I have a larger color printer now and it is awesome.

@winningrabbit9843 Жыл бұрын

@@StandleyHandcrafted Okay! Thank you. 😊

@ashleylafleur6832 Жыл бұрын

I’m interested in wholesale; however, it doesn’t seem very profitable. Is $3.50 per candle profit normal? That seems very low and maybe not worth the time. Still weighing this and would love your insights. Thank you!

@StandleyHandcrafted Жыл бұрын

It depends on the candle and the amounts you're selling. You can absolutely raise those prices up for wholesale though.

@SixDegreesofJim Жыл бұрын

Who do you recommend for insurance?

@lightinthecovecandles8438 Жыл бұрын

I just don't understand how any one gets 22 dollars out of this size candle . I make them I live in Tennessee and there is no way I could get that here . I sale mine for 11.99 on my website and I have a hard time at that price . I just don't get it??

@truefoodsociety312 7 ай бұрын

You need to help customers find your website. Price is about perception/branding. Is a $12 no name Tennessee candle on par with a $60 candle from a Hollywood celebrity? Maybe -you just need to be able to justify the price.

@Medicgal 10 ай бұрын

Unfortunately too many people are selling, too much competition.

@StandleyHandcrafted 10 ай бұрын

I disagree, there is still so much opportunity. It’s a down economy and it’s just harder to make sales to anyone.

@toms81162 Жыл бұрын

I am on Etsy. From what I see, and I will continue until it does, the candle business is nothing more than a dead star. $25 for scented wax, 8 Oz? Hmmphh

@StandleyHandcrafted Жыл бұрын

No sales on Etsy? I removed my stuff from there a long time ago. It's too touch to try and get your products to the front page which is where most people stop these days.

@ashleylafleur6832 Жыл бұрын

@@StandleyHandcraftedhow do you drive traffic to your own site?