Is Candle Making a Viable Business Opportunity?
Candle making has low startup costs, requires minimal equipment, and can be done from home. A crucial brand strategy sets candle businesses apart. Profit margins vary based on ingredients, packaging, and marketing costs. Starting a small-scale candle business costs $500 to $5,000.
How to Succeed in the Candle Making Business?
Retail prices range from $2 to $35 for candles. The right strategies make candle-making quite lucrative and creative.
Understanding the Profitability of Candle Making
The profit margin for candles is between 25% and 50%. Yankee Candle’s jars cost $8 to $15 to produce.
At this time in the market, the average cost for an 8-ounce candle is about $3, while they are sold at around $10 to $15 each. Candle-making is undoubtedly profitable with the industry expected to grow by 5.5% from 2019 to 2027.
Candle making can be a profitable business with the ability to mark up products by 300-400%. This profitability is fueled by the consistent demand and diverse customer base that candles appeal to widely.