How Much Does It Cost To Make Our BEST SELLING Candle?

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⮕ DOWNLOAD MY FREE CANDLE BUSINESS CHECKLIST: www.ericamariemorris.com/chec...
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(I sell editable digital templates for candle business owners such as warning labels, candle label designs, business card designs, thank you cards, and more!)
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• MUST HAVE CANDLE MAKING SUPPLIES FOR BEGINNERS: taplink.cc/memoryboxcandleco/...
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Want to binge more candle making/business content? Check out my playlists:
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🖥 Candle Business Tips: • What I Wish I Knew Bef...
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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.
*Some links are affiliates. As an Amazon Associate I earn from qualifying purchases. I get commissions for purchases made through links in this post.
I do not own the music in this video, all attributions:
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Music by Mathew Rodriguez - Only Friend - thmatc.co/?l=4783D60C
chill. by sakura Hz / sakurahertz
Creative Commons - Attribution 3.0 Unported - CC BY 3.0
Free Download / Stream: bit.ly/chill-sakuraHz
Music promoted by Audio Library • Chill - sakura Hz (No ...
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Genre and Mood: Hip Hop & Rap · Calm
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Опубликовано:

21 июл 2024

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Комментарии : 24

@MemoryBoxCandleCo 18 дней назад

✨JOIN INVENTORA: inventora.co/memoryboxcandleco

@antoniod5002 18 дней назад

Is there a reason why you don't include packaging etc. in your costs? Do you include these while calculating a selling price?

@seynajamila 18 дней назад

I love inventora!! I am new too it and still in my testing phase with my candles. So I am not selling at all but just adding all my supplies into inventora has been so nice to keep track. I love it. Game changer. I am so glad you have done videos on it. Thank you!

@VAlove98 3 дня назад

Hi, Erica! Thank you for the in depth tutorial - is there a video where you calculate finalized pricing while including shipping and packaging?

@josephbrumbeloejr3435 6 дней назад

Erica, thanks for sharing with us. I have been following your videos for a while and I find the very instructional and pertinent. Hope you and Chris keep doing well with your business, and congratulations on your new location ... Joey

@MemoryBoxCandleCo 6 дней назад

Thank you so much Joey!

@jonlockwood1996 18 дней назад

Great video, and I love being able to try it out first too. I understand all about creating a material list for a product and how to come up with your price, but how do you go about dealing with shipping materials? Is that part of your COGS or do you figure it in a different way. Just started selling and got an order from a friend in the south and realized I don’t have much of an understanding of that lol. Thanks!

@somegreenlife249 18 дней назад

Thanks for the insight! That was super interesting. Could you also show how much profit is left before tax if you sell candles on Faire and the buyer comes via Faire? The Faire fees are quite high. I only sell directly to small stores and sell my candles at half price. But if all the Faire fees were removed, I wouldn't earn much.

@marysissonart 16 дней назад

I buy my vessels from overseas with gold lids at .49 cents each - 12 oz frosted white with gold lids. And my embossed gold stamp labels made are .06 cents each

@Krissy_K888 6 дней назад

Where do you buy these from?

@jillgross6232 18 дней назад

Awesome video, Erika. It's been a long time since I checked in. How's the little one? Growing all the time, I presume! ❤😂❤

@MemoryBoxCandleCo 18 дней назад

@@jillgross6232 hi Jill! He’s doing wonderful! Growing like crazy!! Already 23lbs 😄

@DanaTalpos-w8p 18 дней назад

Hi, my name is Dana. Can I join Inventora without having a business name? Thank you for your time.

@Scxbah 18 дней назад

I'm not sure if you've already done a video on this but it would be nice to see all the apps you use such as inventora and the benefits of each

@Soulful_Spirit_Candle_Co 16 дней назад

Check out the videos there is a video on apps that Erica uses that are very helpful to her & the business 😊

@noworriescandle 16 дней назад

We like your website but the new pop up is hard to deal with.

@MemoryBoxCandleCo 15 дней назад

When you exit out of it does it keep popping up?

@BreH.-sz6fm 16 дней назад

I wish inventora would sync with GoDaddy! 😭 I want to use it so badly

@sreejapurkayastha96 13 дней назад

Hey Erica. I have been following your content and would love to discuss how to have a bigger sales channel. Do you have an email ID where we could discuss this?

@stevechappellie904 18 дней назад

I'm screwed. My candles cost $18.29 to make. YIKES!

@MemoryBoxCandleCo 18 дней назад

@@stevechappellie904 is that after purchasing every supply item in bulk?

@stevechappellie904 14 дней назад

@@MemoryBoxCandleCo Yes! I divided cost of wax, wick, vessel, fragrance, box, shipping box, labels and care card and shipping tape.

@MemoryBoxCandleCo 14 дней назад

@@stevechappellie904 don’t include any of your shipping materials into your COGS price. Only include what it costs to make your candle (basically anything that would sit on a retail shelf) This should help you see a more accurate COGS number!

@marysissonart 16 дней назад

You may want to consider buying your vessels directly from a manufacturer overseas . YOURE buying them from a company that buys them overseas . My vessels are high end and my labels are high end. The vessel and label with shipping overseas is less than 1.50 each including gold lids