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How To Price Your Candles For Profit | Step By Step: How To Figure Pricing For Wholesale and Retail! 

The 1994 Candle Co.
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One of my most asked questions or questions I see in candle groups is probably "how do I price my candles?" I've been meaning to make this video for AWHILE and glad I finally did! I'll walk you through step by step how to calculate your cost of goods (COGS) what costs you should be calculating for your candles, how to price them for both wholesale and retail, and even showing you a FREE CALCULATOR from ‪@StandleyHandcrafted‬ that does most of the work for you!
Here's a link to the calculator: www.westsoundc...
If no one has told you today, I'm always rooting for you friend!
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Website: the1994candlec...
Instagram: / the1994candleco
Facebook: / the1994candleco
Tiktok: / the1994candleco
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*Stuff I Use For My Business (Some links are affiliate links which help my channel and business grow at no extra cost to you!)*
Photo Surfaces For Product Photos:
Replica Surfaces: www.replicasur...
Use Code: "1994CANDLECO" at checkout for 15% off your purchase!
Digiboil 45lb+ Wax Melter: www.kegoutlet....
Black Neoprene Jacket For Digiboil: www.kegoutlet....
ToAuto Wax Melter: amzn.to/4aaXSMP
Presto Pot Wax Melter: amzn.to/402Bscx
Shelf I Use To Hold My Presto Pot: amzn.to/40AtYNB
Matte Black Candle Tins: amzn.to/40xiV7W
Matte Black Candle Jars: calcandlesuppl...
Wax Melt Clamshells: amzn.to/3lCYSGq
Wax Pouring Pitcher: amzn.to/3JFyjsj
Matte Black Room Spray Bottles: www.premiumvia...
Digital Thermometer: amzn.to/40hmFuO
Piston Funnel I Use For More Precise Filling: amzn.to/40JDNsj
Glass beakers For Measuring Fragrance Oil: amzn.to/3JHNtgG
Glassine Bags For Wax Melt Samples: amzn.to/40c3C4N
Square Mold I Use To Make Wax Melt Samples: amzn.to/3LP92i0
Large Bottles for Pre-Mixing Fragrances: amzn.to/3LM9Q73
Glass Stirring Rods: amzn.to/40tP15b
Pipette Droppers: amzn.to/3lGX5jy
Funnel Pitchers For Making/Pouring Room Sprays: amzn.to/3FQpZot
Funnel Set For Pouring Room Sprays In Bottles: amzn.to/3K3f6Sy
Polymailer Bags I Use To Ship Wax Melts: amzn.to/3ZdLMgw
White Honeycomb Packing Paper: amzn.to/46iassy
Kraft Honeycomb Packing Paper: amzn.to/40vMWoS
Krinkle Paper: amzn.to/3PKs9Kg
Postcard Paper I Use To Print Candle Care And Thank You Cards: amzn.to/3LOJiSX
Packing Paper To Wrap Candles With: amzn.to/44SuzwX
Shipping Scale (Would not Recommend For Weighing Wax\Fragrance): amzn.to/3Zf6KLS
Rollo Thermal Shipping Label Printer (The One I Use): amzn.to/3ZeOSkk
Rollo Thermal Shipping Label Printer (Newer Wireless Version): amzn.to/3JIfJQj
Rollo Thermal Shipping Labels: amzn.to/3lzVexd
Rotating Pegboard For Holding Wax Melts (Holds About 120 Wax Melts): amzn.to/42CcIcG
Pegboard Hooks: amzn.to/40Aq6fx
Acrylic Sign Holders: amzn.to/3rRXEKm
Tent I Use For Events: amzn.to/44U5WzS
Foldable Wagon For Transporting Things During Markets\Events: amzn.to/3Kfs28h
Thank You Bags For Events: amzn.to/40d3MJc
Money Bags For Events: amzn.to/3K6g7ti
6 Foot Folding Tables: amzn.to/45c058U
6 Ft Fitted Tablecloths For Market/Event Setup: amzn.to/3ZdENnO
Where I print all my business cards/signage etc: www.vistaprint...
All The things I Use For Product Photos:
Hard Foam Photo Props: amzn.to/3rQmXwv
Camera I Use For Product Photos: amzn.to/3no0i8G
Updated Version Of The Lens I Use For Product Photos: amzn.to/3LOHGrY
Lights I Use For Filming & Product Photos: amzn.to/40vOm2G
Stuff I Use For RU-vid:
Where I get my music for videos: share.epidemic...
Camera I Use For Filming Videos: amzn.to/3JJ4QO1
Lens I Use For Filming Videos: amzn.to/3lDeb1M
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DISCLAIMER Always make sure to test your candles and never just use my (or any one else's) process without testing. Every wax, wick, and fragrance combo can and usually will change your entire candle! You MUST test before selling your own candles.
#the1994candleco #candlemaker #candlebusiness #smallcandlebusiness #learncandlemaking

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5 окт 2024

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Комментарии : 18   
@projectpink3365
@projectpink3365 3 месяца назад
Every time I watch your videos you make me smile....I feel like you're that friend that is always so helpful!!
@the1994candleco
@the1994candleco 3 месяца назад
Oh my gosh! 😭😭😭 That is literally like my whole vision for this channel so this literally made my entire day! Thank you so much for your kind words friend! 🥹❤️
@Soulful_Spirit_Candle_Co
@Soulful_Spirit_Candle_Co 3 месяца назад
This video is definitely going to help a lot of people!!😊 I know when I started out I had no clue how to price my candles or if I was remotely close to what they were worth, too high or too low , I know a lot of people are going to appreciate this ! 😊
@the1994candleco
@the1994candleco 3 месяца назад
Thank you!!! ❤️ Yeah it is such a challenge trying to know what to do pricing wise! I’m pretty sure mine was off quite a bit e a bit too because I was so afraid “no one would buy a candle that expensive from me.” And now my prices are higher than that and I have no problem selling them to my target market! ❤️
@JacquelineFalls54
@JacquelineFalls54 3 месяца назад
Thank you so much for this video. I was so lost with the Candle Science Calculator. I knew I couldn't charge $33 for a 8 oz candle unless it was a luxury candle and even then that is a stretch. I feel much better pricing my candles after this video.
@the1994candleco
@the1994candleco 3 месяца назад
I’m so glad I could help!! 😄❤️
@nancyherrera8645
@nancyherrera8645 3 месяца назад
You are so helpful! Thanks for sharing!
@the1994candleco
@the1994candleco 3 месяца назад
Glad it was helpful! 😄❤️
@maryobrienbarcoe2639
@maryobrienbarcoe2639 3 месяца назад
Very informative and thankyou Nick, it's great to be reminded of this knowledge. 👌💙
@the1994candleco
@the1994candleco 3 месяца назад
Thanks Mary! Glad you liked it! ❤
@YungDonDazzle
@YungDonDazzle 2 месяца назад
Amazing video.. You just helped me so much.. Thank you
@the1994candleco
@the1994candleco 2 месяца назад
Ahh I'm so glad to hear it! Absolutely! Glad to help! 😄
@hamiyou2092
@hamiyou2092 2 месяца назад
Hey! Just subbed, your channel is awesome i can’t wait to learn more 😅
@the1994candleco
@the1994candleco 2 месяца назад
Thank you so much friend!! Glad to have you here! 😃
@RichardHicks-vk3vb
@RichardHicks-vk3vb 3 месяца назад
I am just starting out making candles to sell. This video was very helpful. Thank you for posting it. Also I have tried different types of wax and have settled on the hemp soy coco wax. Was wondering if you have ever used it.
@the1994candleco
@the1994candleco 3 месяца назад
So glad I could help!! That’s so great!! I haven’t personally worked with it but I’ve heard good things about it! 😄❤️
@CarlosGonzalez-ib9bc
@CarlosGonzalez-ib9bc 2 месяца назад
I noticed on all the videos I watched, no body mentioned the cost of the business liability insurance, is everyone working without insurance ?
@the1994candleco
@the1994candleco 2 месяца назад
Well I can’t speak for everyone else but we definitely have business insurance and you definitely want it for a candle business! This is just for calculating your cost of goods (what is actually being sold) that’s why I recommend you times that amount times 4 rather than times 3 though, that way it covers other expenses like that. Also adding a little extra either 10-20% or a certain cent/dollar amount etc like I did at the end with the little slider is always good to help cover your bases. 😄
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