Starting a Home Based Candle Business
One of the known successful multinational companies, Proctor and Gamble, was started by a humble candle maker. And based on the data from the National Candle Association, it is estimated that the candle industry amounts to around $2.3 billion.
With this information, there is basically a lot of room for somebody like you who wants to start a home-based candle business.
Do you know that one of the successful multi-national companies Proctor and Gamble was started by a candle maker in 1837 and became a multi-million business only after 20 short years? This feat is something that was impossible and hard to emulate then. You too can make it to the hilt of financial success like the company of Proctor and Gamble in spite that this time is already modern. If we will use the information provided by the National Candle Association, the industry of candle-making is estimated to be around $2.3 billion and this alone does not include candle accessories. So basically there is a good and reasonable space for starting a home-based candle business for everyone. Everybody, including you, have the potential to make it big in this lucrative industry.
How then can you board on this good business idea and don that entrepreneurial cloth and start being financially successful? Here are several tips on how you can start this business:
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The Basic of Starting a Home Based Candle Business
There is no doubt that the most basic of how starting a home based candle business is the candle-making process itself. It is already understood that you have to have first-hand knowledge of candle-making. You can get this knowledge by enrolling in some crash course seminars about candle making. You can even try out several online tutorial lessons if you want to. The important thing is that you do it yourself and from there starting a home-based candle business is already halfway done.
Be Definite About Your Product When Starting a Home Based Candle Business
In any business, it is important to know on the side of the entrepreneur what kind of product or services he will provide the customer. This rule is the same way with starting a home-based candle business. You have to know for example if your candle will be made of paraffin candle or the traditional beeswax. You have to choose what specialization you should pursue in starting a home-based candle business. Are you going for those candles appropriate for special occasions like Christmas, Mother’s Day, Easter, Birthday, or Valentine’s Day, or are you going for those aromatic candles? Or are you going to create candles that are traditional in function rather than votive, floating, boxed festive candles? You have to be definite about this.
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Raghunath Natarajan
Startup Biz Hub - Advisor (Staff)
Raghunath Natarajan
Startup Biz Hub - Advisor (Staff)
technazeer@yahoo.Com
Candle Making Business Consultant
technazeer@yahoo.Com
Candle Making Business Consultant