How Much Does It Actually Cost To Start A Candle Business? (Full Breakdown)

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DISCLAIMER: Everything shared in my videos is my own personal experience and is for educational and informational purposes only. If you are wanting to start a business, always seek legal guidance from a local business attorney and certified public accountant to make sure that you are running your business legally. Everyone is responsible for their own product testing and business structure and I will not be held accountable.
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Опубликовано:

21 июл 2024

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Комментарии : 97

@MemoryBoxCandleCo 2 года назад

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@SamsExotics 2 года назад

It cost me about 1.5K from the very beginning till I launched last month. It's not cheap, but extremely rewarding. I'm a teenager, so it's been funded completely by my part-time job.

@MemoryBoxCandleCo 2 года назад

Wow that’s super impressive! Great job!!

@whatsyourwhycoaching6758 Год назад

Oh wow!!! Good on you! Well done.

@MrJungle123 Год назад

Good Luck!

@idontgiveah00t Год назад

How’s it going for you ?

@kaybee5008 11 месяцев назад

How long did it take you?

@thefragranceapothecary7281 2 года назад

A lot! Testing alone is a fortune. I can tell when people say they started their candle business with $200-500 they did not test.

@MemoryBoxCandleCo 2 года назад

Gosh I couldn’t imagine only spending that much and then launching!

@Punx2lit 2 года назад

testing and reasearch mainly research cuz the testing has been done over and over by multiple people int this works

@ec0825 Год назад

Say for the people in the back.

@Vrie. Год назад

I spend $500 just on my continuous label rolls itself! Not including my $3,000 label maker I purchased. Don’t get me started on the HUGE expense during the testing phase. I’ve easily spent over 1k just in testing

@joserub20 Год назад

@@Vrie. how’s your business going ?

@RoseKindred 2 года назад

I have the Pokemon complex when it comes to oils and scents, I want to collect them all!

@MemoryBoxCandleCo 2 года назад

😅❤️

@Dev-un4fs Год назад

Love the video, well done. Super detailed and you included a realistic view of startup costs contrary to some other creators.

@aleioconnell1082 Год назад

This was so beneficial! I’m in the testing phase of my wax melt business and it’s cost me about $1,500 leading up to launching my shop in a couple of weeks. Fairly low investment to get started in my opinion!❤

@bobbiesmith2902 Год назад

Thanks for this video my sister and I are starting up a candle business, but were doing the testing stage now and seeing how it goes. This videonhas helped me a lot...

@irenecassagnol8489 9 месяцев назад

Thank you the invaluable information. You are amazing for sharing your insights.

@luxeblendcandleco Год назад

Thank you so much for this!! So informative!

@TheBrownqutie 2 месяца назад

Thank you for all the advice it’s helping me.

@endlesschapters9185 Год назад

New sub here. This was amazing and just what I needed. I love how realistic you are about the costs. Can’t wait to binge your other videos!❣️

@MemoryBoxCandleCo Год назад

Welcome! So glad this video helped you ☺️

@ChuckMula-ng9lw 5 месяцев назад

Thanks for shooting straight. Now it’s time for me to hustle hard to get my start up money. Gonna be a while for me, pray. I’m taking over once I enter. God Bless

@Anthony-wf1gd 2 года назад

I have been waiting for this video for a long time💙💜💙💜

@MemoryBoxCandleCo 2 года назад

Hope you enjoy it! 🤍

@MsKrisMorean Год назад

I've invested over 1200.00 and nowhere near a launch yet. But I'm enjoying the making of candles (finally) since it was something I'd always wanted to do, but never seemed to have the time. Now I'm disabled and have the time, just need to find a niche! It's the slow time of year for most "extra" purchases, I imagine that includes candles. I'm hoping to finish testing soon after shifting from soy 464 & trying IGI 6006. We'll see how that goes. THANK YOU FOR SUCH AN INFORMATIVE CHANNEL! I LOVE YOUR STYLE! 💙

@sbouie7638 Год назад

This video is beyond helpful. I wanted to leave a comment to help with your algorithm but also to encourage you in continuing with doing what you are doing because you are KILLING IT GIRL!!!. Awesome Job!

@MemoryBoxCandleCo Год назад

Thank you so much!! :)

@CAGary3G 2 года назад

Loved this!

@jessicamcelfresh4223 2 года назад

Very informative. Thank you!

@MemoryBoxCandleCo 2 года назад

Thank you for watching! ❤️

@lynnthomas8848 2 года назад

This is very realistic. Great video!

@MemoryBoxCandleCo 2 года назад

Thank you for watching! 🤍

@ifigeniapapadelli5688 2 года назад

I started watching couple of months ago.!! You provide sooo much valuable information and you are being so honest and open about your journey which transcends that and goes beyond, helping each and every one of us willing to start something small of our own. Thank you so much for the honesty and sweetness you give on this platform!! 🙏🏻🤗

@MemoryBoxCandleCo 2 года назад

Thank you so much for watching! ☺️

@ifigeniapapadelli5688 2 года назад

@@MemoryBoxCandleCo ♥️

@shunayariley5072 Год назад

So true she so helpful to me .don’t start yet but she make me excited

@luzannestf8126 Год назад

New sub here. Thank you for being straighted forward and lined out everything.I already have an LLC and seller permit do you think I can register my candle brand under the same LLC?

@beautyandbeyond0602 8 месяцев назад

I really appreciate the way, effort, and time you put on making this video. any suggestion from anyone to narrow my testing option to reduce cost...... what is the best wax to start with jar scented candles... is it Soya, Coconuts, etc. I don't want to test everything for my very first item... Scented candles in glass jars up to 7 ounce only your suggestion will be super helpful to start testing . also if any additional ingredients needed here to test specifically example the wick quality and easement...thank you!

@elegancefinestllc Год назад

I invested about 4,000 and that’s for all the legal stuff testing supplies, jars, wicks etc.

@dulangakodituwakku896 Год назад

Thank you. I am from New York. Do I need to register the business?

@kims2467 2 года назад

Don't do what I did and buy a whole bunch of fragrance oils in the beginning lol especially in bigger size bottles. 🤦🏻‍♀️ P.S. Erica thank YOU for all the help you have been!! ❤️❤️

@MemoryBoxCandleCo 2 года назад

Lol I feel like that’s totally normal though because I did the same thing 😂😂 And thank you for watching!! 🥰

@MisterWhatWhat 2 года назад

Too late lol if I could turn back time I would not have done that.

@kims2467 2 года назад

@@MisterWhatWhat Live and learn lol

@verogonzalez3089 Месяц назад

Why?

@lavernerobbins5189 Год назад

I started my business last year..I spent a little more than $20,000.00 to get it started, and have a quality product..I have had to discontinue some items already as the either don’t sell or there is no interest in them..I can imagine only needing $1500 to buy some upfront products..but to keep the business going through the slow times..takes money

@taylorjordyn7305 Год назад

in idaho a ABN Assumed Business Name (I think it is similar to a DBA) was 25$

@pinkdiamond5482 2 года назад

What business insurance do you use?

@ezgilv5449 2 месяца назад

Hello Erica, I am thinking about to start and actually i wanted to see if i will enjoy candle making so i ordered a diy kit before ordering testing supplies. I have a question, let’s say i know i wanted to work with soy wax and i got only soy wax supplies.. what do i have to test actually? İs it how to pour, pouring degree, scent or scent ratio? How a particular brand soy wax burns and in how many minutes? Different styles of labels? What i will be actually testing? Can we just start with soy wax and fragrances that are recommended and already tested by experts like you and have a short cut and avoid extra costs? Thank you and i really appreciated the video.

@dk-hn9ul 2 года назад

Hi... I've been binge watching your channel for days. Do you have any videos where you talk about the process you underwent to learn how to make your candles and by that I mean determining the wax(es) you decided to use, how you learned which wicks to use, how you narrowed down what you offer in your candle line? Thanks

@MemoryBoxCandleCo 2 года назад

Hi! I don’t have anything like that but I just made a note for a future video topic :)

@dk-hn9ul Год назад

@@MemoryBoxCandleCo Thanks!

@MellyBellyBoo Год назад

Im in North Cali, How did you set up a DBA? I got my seller's permit. and went on the website for my city but I just don't understand the DBA/registering business

@levispinks2458 Год назад

This information is incredibly helpful and thought provoking and I appreciate you so much, but not gonna lie it’s giving me anxiety 😅😅😅

@CLARAHEARTSNICK 2 года назад

I am so worried on not being able to sell / people not wanting to purchase my items 😖

@tlazo997 Год назад

Omg same but dont listen to that voice in your head we got this!

@Alwyzrite28 2 года назад

I would also add it's worth it to consult an attorney and most with do an hour of questions for a couple hundred bucks. Because each state is different. I haven't even launched yet and before I did anything I went to a cpa and attorney to know what stuff I had to have on my website etc. 💙

@MemoryBoxCandleCo 2 года назад

Yes absolutely!

@lyfesadream3328 2 года назад

Can you touch on what made you go S Corp vs LLC? The whole thing CONFUSES THE HECK out of me when I'm doing my own online research 😂🥴.

@sharonroserobbins Год назад

That's what I was wondering. After all of my research I went with an LLC.

@Convict2Corporate 4 месяца назад

- BootStrap all you can at the start - PG funding for your company - Consolidate costs & negotiate with vendors 😊

@tomneedham15 2 года назад

Where can I find a place to design and print my logo and designs onto stickers

@arethablackwell5820 Год назад

Canva

@stacythomas9916 Год назад

One thing I would HIGHLY recommend for any business that does a lot of printing and label making is to invest in an Ecotank type printer. Over a very short time this will save you a huge amount of money and frustration! Cartridges are really expensive and are a "gimmick" in that if you are out of only one color, you will still have to buy a full ink replacement. This wastes tons of ink and creates a lot of trash throwing away the used cartridges. What is worse is that on many printers, if you are out of only ONE color ink, your printer won't print anything at all. On some this is true even if it is a colored ink you are out of and only try to print in black. It is no good to need product labels and find out while packing orders that your printer has gone on strike. Ecotanks don't use cartridges at all. They have ink tanks inside that you just refill with bottles of whichever ink you need to top off. No ink goes to waste and there is never a wasted cartridge to throw away. I have an Epson Ecotank I bought on sale from Target for around $250. It has for sure paid for it's slightly higher upfont cost many times over. I got nearly a year's worth of labels printed just from the bottles of ink that came with the printer! I did not realize until I had to refill it that I had completely forgotten about ink as a businss cost. I then went and looked back at my records and reaized if I were still using cartridges at the same rate as I had the previous year, I would have spent way more than the costs of both buying and filling the printer just hassling with ink.

@stickysteph Год назад

Agreed. I've been making stickers with a $200 Canon Pixma Megatank for over a month now. Great color payoff and I have not had to replace the ink yet. It was a constant battle of always being out of ink with any other printer I've ever owned. It's SLOW though lol.

@brandylucas1783 7 месяцев назад

Not sure if you mentioned this but how many sizes would you start with? Would 1 be ok or no lol

@MemoryBoxCandleCo 7 месяцев назад

1 is totally fine! I say 2 would be best to give options, but 1 is fine :)

@hi-cblanco7913 2 года назад

How do you feel about other candle makers on tiktok naming their line just like yours? I saw fruitloops candles as "morning cartoons" by few sellers on tiktok🙂

@MemoryBoxCandleCo 2 года назад

Honestly I don’t even know if I was the first one to “come up with it” so I think it’s fair game as of right now lol! I have been looking into trademarking a few of my scent names though

@hi-cblanco7913 2 года назад

@@MemoryBoxCandleCo You should trademark them. 🙂 Your candle names are unique and beautiful.

@Chelleychelle710 Год назад

is it a bad thing or idea to buy candles wholesale already made on Etsy and resell them?

@MemoryBoxCandleCo Год назад

No it’s definitely not a bad idea! That’s what those are for :) I think it’s a great idea if you don’t want to have to make the candles yourself!

@Chelleychelle710 Год назад

@@MemoryBoxCandleCo Thanks so much

@Fabmille Год назад

@@MemoryBoxCandleCo what are good margins for this?

@ImpossibleLink 2 года назад

🖤

@realtor-corrinemccaffery2161 6 месяцев назад

With these numbers your 36 candles would cost $50 each….

@rozhaali8662 12 дней назад

❤❤❤

@ingridr4374 10 месяцев назад

Thus is so overwhelming.

@romelynalastra5083 10 месяцев назад

❤❤

@thehalloweenchannel 2 года назад

Shocked that you are using such expensive shipping materials when there are so many more affordable options. Also, Pirateship is sooo much better than USPS

@MemoryBoxCandleCo 2 года назад

I would love to know of some other websites that have more affordable shipping supplies! Please let me know of a few so I can check them out :)

@chileyousomessy 2 года назад

This where I get discouraged because I feel like it’s no way for to purchase everything I need at once

@MemoryBoxCandleCo 2 года назад

Little by little! 🤍

@chileyousomessy 2 года назад

@@MemoryBoxCandleCo thank you ☺️

@lynnthomas8848 2 года назад

You can get lots of stuff off Amazon, including wax should you want that wax. Prime shopping this weekend!

@heathercapobianco1637 2 года назад

I have been starting my business very slowly with super limited funds. I was getting discouraged by this too. I started planning what I want and then using either Klarna, affirm, or PayPal's pay in 4 (I have used them all depending on supplier I'm buying from) to buy some supplies has worked very well. I can get more stuff at once and then I pay it off over that time that would have taken me to save up for all the stuff, buying one bit outright at a time. I hope that makes sense. Best of luck to you!

@chileyousomessy 2 года назад

@@lynnthomas8848 thank you