How to Make Money Selling Candles
Just about anyone can sell candles. But not everyone can make money selling them. It takes a special person with good organizational skills and a talent for locating candles priced low. With a few hints and simple steps, you will be on your way to making a profit.
- Difficulty:
- Moderately Easy
Instructions
Things You'll Need
- Supply of candles Computer with text or word document Computer with Internet access Lawyer Insurance agent Accountant Advertisement avenues
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How to Make Money Selling Candles
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1
Gather a supply of candles. You can make your own or find someone else who sells them at a low enough price that when you resell the candles, you can make a decent profit. If you choose to make your own, there is a lot of information on the web about candle making. This will be more time consuming, but may be the cheapest and easiest way to build up a supply of candles. If you'd rather buy the candles, search your local farmers markets, ebay.com, or find a wholesaler by visiting a tradeshow, or finding one on the web.
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2
Work up a small business plan. A business plan will allow you to work ahead of yourself and help keep yourself on track. The Small Business Administration states that "A business plan precisely defines your business, identifies your goals...include(s) a current and pro forma balance sheet, an income statement and a cash flow analysis." You can find resources online to help you write a specific plan tailored to your needs. I have posted some good sites in the resources section.
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3
Talk to the right people. This includes a lawyer, an insurance agent and an accountant. The last thing you want is to end up in court owing thousands of dollars, or more because someone has sued you. It may be expensive to hire these people, but if your business gets big enough, you would have to do it anyways. It will minimize the damage that can be done to your business.
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4
Advertise why your candles are unlike anyone else's. To beat any competition out there, you are going to have to show why your candles are a better choice. Maybe your candles are organic and have a lead-free wick. This is a big bonus because you can can tell people that your candles are healthier and better for their family and the environment. This is a big plus for most people.
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5
Keep good business practice. If you have done fair business, your customers will come back to you. They will also spread news of your business by word of mouth. This means more business for you.
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1
Tips & Warnings
Make up some brochures for people to order your candles from.
Understand that any business can end in failure.
