Is candle making a profitable business in 2023

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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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jeff@standleyhandcrafted.com
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Website: www.standleyhandcrafted.com
Resources:
www.ambrosinacandlevesselco.com/
midwestfragranceco.com/
www.candlescience.com
www.lonestarcandlesupply.com
woodenwick.com/
www.sixteenseventeen.com
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Опубликовано:

23 июл 2024

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Комментарии : 45

@tangiejones55 Год назад

This was very helpful, thanks!

@lunablu1128 7 месяцев назад

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

@scentyful Год назад

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!!!

@greekozygirl599 Год назад

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

@michaeldavis9289 4 месяца назад

My big fat Greek weeding

@JeannetteValenc1a Год назад

Thanks for the info! Cheers from Australia

@sandrajohnson3784 10 месяцев назад

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

@cityfoodiefarm Год назад

Awesome info!!

@sd5899 Год назад

Good insight

@rachb993 Год назад

Great info the trouble I have is the shipping costs

@toms81162 Год назад

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.

@SnowWhiteKerze Год назад

Like your videos

@lysettekubwayo9852 Год назад

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

@jitkavalkova3884 Год назад

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!

@rizzy6687 Год назад

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 Год назад

Thank you. It’s better some days.

@rizzy6687 Год назад

@@StandleyHandcrafted 💗

@mnminnmn Год назад

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 Год назад

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

@ctatro518 Год назад

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 Год назад

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 Год назад

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

@ctatro518 Год назад

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

@amandag5072 Год назад

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

@StandleyHandcrafted Год назад

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

@Lukesmommy Год назад

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 Год назад

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 месяцев назад

how much for a 4 oz tin

@winningrabbit9843 Год назад

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 Год назад

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 Год назад

@@StandleyHandcrafted Okay! Thank you. 😊

@kitkatcoz Год назад

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 Год назад

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

@kitkatcoz Год назад

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

@wesscott5844 8 месяцев назад

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

@ashleylafleur6832 Год назад

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 Год назад

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

@SixDegreesofJim Год назад

Who do you recommend for insurance?

@Medicgal 9 месяцев назад

Unfortunately too many people are selling, too much competition.

@StandleyHandcrafted 9 месяцев назад

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

@lightinthecovecandles8438 Год назад

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 6 месяцев назад

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.

@toms81162 Год назад

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 Год назад

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 Год назад

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