
5 WAYS TO SAVE MONEY IN YOUR CANDLE MAKING BUSINESS
Perhaps every entrepreneur running a small business is faced with the question of how to make savings and reduce their cost lines in their monthly accounts while maintaining high product quality.
Candle makers are no exception - the business of making candles can be a costly business indeed, not to mention the long and costly product testing processes.
That's why we've put together 5 tips on how you can save money in your candle making business without compromising on product quality.
WHOLESALE QUANTITIES OF PRODUCTS
Prepare for the peak season, calculate the quantity of raw materials you need and buy in larger quantities.
This is a great way to get discounts on the goods you need, as many traders offer a price ladder for buying larger quantities at lower prices.
If you know that you order the same goods several times in a month, it’s time to start calculating and buying at wholesale prices, you’re ready for it!
KEEP TRACK OF DISCOUNTS AND PROMOTIONS
Subscribe to your suppliers’ newsletters, often they are emptying their shelves and preparing for new collections, selling off old ones at really good prices.
This way you not only get a volume discount but also a discount on sale items.
This is especially true for products that don’t perish and can be stored for months or years and used during the peak season.
GET FREE ADVICE AND TRAINING
There’s a whole world of free advice on the internet, you just need to make sure you’re getting it from trusted sources.
Use the YouTube channel for great instructional videos and information that can be a great start to learning all aspects of candle making.
Subscribe to our newsletters, where we also share tips and lessons on candle making techniques.
Most importantly, it costs nothing!
SAVE MONEY BY PURCHASING SAMPLES
Finding the perfect new scents for your collection can be challenging, and ordering lots of different ones aromatic oils at the same time can be costly, and if you don’t even like the scent… Finding more cost-effective ways to test products can save you a lot of money in the long run.
That’s why we have created small sets of 5 fragrancesat very low prices. Try small quantities without wasting money, and buy a larger quantity once you’ve found the scents you like.
SWITCH TO COST-EFFECTIVE PRODUCTS
Neither of us wants to sacrifice quality for price.
But with a little effort, you may find that your favourite products have identical (or almost identical) versions that work just as well as your favourite brand!
A good example is Diffusol home fragrance base. It is very similar to Augeo Home Fragrance Base, is safe to use, alcohol-free and has very similar chemical properties. However, it has one difference, and that is the lower price: reduce the cost of your product and double your product’s profit.
We hope you will apply at least one of the tips to your own activities and save money.
And if you have any questions, our team is here to answer them!