The most commonly used wax is Paraffin.76% of candles are usually given during the holidays as gifts, 74% as house warming gifts, 66% for a dinner party gift, 61% as an appreciation gift, and 58% as birthday gifts for adults.
Some consumers even go as far as using candles to decorate the exterior of their homes, while those that use candles in the interior use it in their living rooms, kitchen and also the bedroom.
The equipment and finances needed to start the candle making business is not only cheap but can be easily gotten by any focused entrepreneur.
Regardless of this fact, new entrants into this industry might find it difficult to compete fairly with established operators due to the fact that there is rising concentration in the industry.
While there are several types of waxes available, each comes with pros and cons; so it’s best you know which wax would be best for your business in the long run.
Making A Business Plan Free Beauty Parlor Business Plan
You can also find out from competitors that are far from you, what waxes are best for starting your business.Consumers who go after scented candles do so because they want their homes to smell good.This is another niche for any innovative and focused entrepreneur as against those who make unscented candles.We make several kinds of candles both unscented and scented and our candles come in various shapes and sizes, and are constantly experimenting with new scents to intrigue the senses of our clients, who are always on the lookout for something new.Our candle making business is known far and near and we have created a legacy that has made us uniquely stand out from our competitors.One of the reasons why the candle business has boomed to this extent is the fact that inputs used for production such as wicks, fragrances, colorants and wax (soy wax, paraffin wax, gel wax, beeswax and other natural based wax) are not only cheap but easy to source.This means any entrepreneur who is focused and intent on starting the candle business will make great margins especially during periods where there are high demands. If YES, here is a complete sample candle making business plan template & feasibility report you can use for FREE.Okay, so we have considered all the requirements for starting a candle making business.Deciding on what kind of candles you intend to go into is a decision you would have to make alone.Other decisions that you would need to make before starting your candle business is deciding what kind of wax you want to work with.