Looking to start a successful candle holder business?
Starting your own business is a great way to earn some extra money. Not only does it allow you to be your own boss, but it also gives you the freedom to work from home.
And what could be better than starting your own scented candle holder business? You’ll need some basic supplies, such as wax, fragrance oils, wicks and candle holders, and you can get started with just a small investment.
Well, this is a perfect complement to your home scented candle business which you may already have interest in or even started with. After all, you need a great candle holder to hold your candles well.
- 1 Starting Your Scented Candle Holder Business In Just 2 Simple Steps
- 2 Moving On
Starting Your Scented Candle Holder Business In Just 2 Simple Steps
We’ve compiled a list of the ways you can start a scented candle holder home business at your home.
Estimate The Startup Costs
Do you want to know how much it costs to start a candle holder business? Well, you can get a spreadsheet to write out all the estimated startup costs and then do some simple calculations to ensure the costs don’t eat into your own daily expenses.
A candle holder business can be started for as little as $12.
A candle holder business can be started for as little as $27,209.
The average cost of starting a candle holder business is $13,936.
Here is a detailed breakdown of the startup costs for a candle holder business:
Every business should have a website, and it’s worth the investment to get it right.
You need to get a domain name, with a minimum cost of $1 per year to a maximum of $200 per year. It may even cost way more than that if you are getting a rather competitive business-like type of domain names.
A place where you can get basic domain names is Namecheap.com
After you acquire your own “shop name” in the process, how about the “shop address”, which is the business hosting?
In the market, the minimum cost can be around $15 per month and the average costing can range between $30 to $60 per month.
If you sell physical goods, you’ll almost certainly need to start with some inventory.
Keep your upfront costs to a minimum as possible. If you’re lucky and able to manage, the minimum cost for the upfront is $3,000. The maximum cost of it can go up to $5,000.
For more info on costs, please refer to this article – https://www.starterstory.com/ideas/candle-holder-business/startup-costs
Do Dropshipping Upon Research Of Items
This would be the main business stage of the scented candle holder home business.
If you’re looking to start your own business, dropshipping is a great option. It’s a relatively simple and low-cost way to get started in ecommerce, and there’s a lot of potential for growth. Plus, who doesn’t love candles?
Starting a dropshipping business is easy, but there are a few things you need to do in order to set yourself up for success. In this post, we’ll walk you through the process of starting a dropshipping business, from researching products to closing sales.
1. Research your product
The first step to starting a dropshipping business is to find a niche or product that you’re passionate about. This is important, because you’ll be spending a lot of time researching and promoting your product.
To find a niche or product idea, you can start by thinking about what you’re passionate about. What are you interested in? What do you know a lot about?
Once you’ve come up with a few ideas, it’s time to start researching. This step is important, because you need to make sure there’s a market for your product.
There are a few things you should research:
The demand for your product: Is there a demand for your product? You can use Google Trends to see if people are searching for your product.
The competition: Who are your competitors? What are they doing well? What could you do better?
The margins: How much can you charge for your product? Can you make a profit?
2. Find a supplier
Once you’ve decided on a product, it’s time to find a supplier. This is an important step, because your supplier will be a key partner in your business.
You’ll want to find a supplier that is reliable and has good quality products. You can find suppliers on Alibaba or other similar websites.
Once you’ve found a few potential suppliers, it’s time to contact them. Ask about their minimum order quantity (MOQ), shipping times, and pricing.
3. Create your store
Now it’s time to create your store. You can use a platform like Shopify to create a professional-looking store quickly and easily.
When you’re creating your store, there are a few things you’ll need to keep in mind:
Your store name: Choose a name that is memorable and easy to pronounce.
Your domain name: Try to get a .com domain name that is relevant to your store.
Your branding: Choose colors and fonts that reflect your brand.
4. Promote your store
Once your store is created, it’s time to start promoting it. There are a few ways you can promote your store:
Social media: Create social media accounts for your store and start sharing your products.
Content marketing: Write blog posts, create videos, or launch a podcast to promote your store.
Paid advertising: Use Google AdWords or Facebook Ads to reach more people.
5. Make sales and fulfill orders
Now it’s time to start making sales. When you make a sale, you’ll need to contact your supplier and place an order. Once the order is placed, your supplier will ship the products directly to your customer.
You’ll also need to handle customer service and returns. This is important, because you want your customers to be happy with their purchase.
Dropshipping is a great way to start your own business. It’s easy to get started, and there’s a lot of potential for growth. Plus, you can run your business from anywhere in the world.
If you’re ready to start your own dropshipping business, follow the steps in this post. With a little hard work, you can be successful. Good luck!
Alternative To Dropshipping
If you find dropshipping a little too tricky for you or simply too much hassle for you to undertake, then it is suggested that you can try affiliate marketing for it.
How to go about doing it? Simply by doing blog posts or creating YouTube videos in a content marketing strategy.
We will cover this topic later.
If you’re thinking about starting your own scented candle holder business, we have some great resources to help get you started. Sign up now for our free email course that covers everything from the basics of starting a business to how to market and sell your products online. You’ll learn all the tips and tricks you need to make your new business a success. We can’t wait to see what amazing things you create!