Things You'll Need:
- Cosmetics License
- Business License
- Bath and Body Products
- Fragrance and Flavor Laboratories
- Natural/Organic Ingredients (Hyperallergenic)
- Non-Disclosure Agreements
- Private Label Companies
- Website for Retail
- Wholesale supplier
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Step 1
Research the cosmetics industry and learn the best sources for natural and organic products/ingredients. Also, check with trade associations for ideas/information to develop relationships with wholesale suppliers and learn about possible retail locations for your cosmetics business.
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Step 2
Interview skin care specialists, makeup artists, and dermatologists to learn which beauty and body products are the most popular to research each beauty product and its ingredients. The cosmetics industry is competitive so you may want to choose a less popular beauty product line with long term growth potential. Also, check with skin care manufacturers to learn about package labeling and beauty/skin product design.
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Step 3
Establish a business plan to include any business and cosmetics licenses along with a business/legal structure based on your tax advisor/legal advisors. Review any business partnership agreements, executive summaries,
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Step 4
Create a cosmetics financial plan including your personal start up costs for to start your cosmetics business. You may want to contact angel investors/bank loans/borrowing from family & friends with realistic repayment terms and payment schedules. Speak with your financial advisor for the best terms for each financial arrangement to receive the maximum return on your investments.
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Step 5
A cosmetics business marketing plan should include both advertising, marketing, and promotions. For example, a clean web site design with good cosmetic product descriptions and total product costs will give 24-7 retail options to reach beauty/cosmetics customers. Also, you may want to join a beauty/cosmetics trade association with marketing options such as a direct link to your retail store/web store.
