First, purchase candle making supplies. Then, measure your wax. With the knowledge and tools to make and sell homemade candles, you can create an income stream with this trending item people love to buy.
To legally sell candles, meet all legal requirements for any business. This includes getting business licenses and other necessary paperwork. Requirements vary, so make sure to check your local regulations.
Find a candle supplier, meet monthly earning goals, and use online resources to succeed in the candle making business.
In addition to sales, candle prices, ingredients costs, and customer acquisition costs influence profitability. A homemade candle typically has a profit margin of between 50 and 70%.
If you sell your candles for $20 each, that’s a profit of $15 per candle (assuming a $5 cost). By selling 100 candles per month, you can make $1,500 from your candle making side hustle.
Overall, the candle market is large and still growing with retail sales totaling approximately $3.14 billion annually in the U.S.