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- On average, costs range from $350 to $8,000 depending on equipment, materials, and marketing.
- Production equipment costs $500 to $5,000.
- Supplies like wax, molds, and wicks cost $3,000.
- Insurance and legal fees cost $500 to $3,500.
- Keep startup costs low by beginning small, testing products, and slowly expanding.
- Start on weekends at craft fairs for extra income, then transition to full-time.
- Proper research on target markets and brilliant marketing strategies can make candle making profitable.
- Homemade candles can last up to two years, with quality impacting burn time.
- The candle making industry is expected to reach nearly $5 billion by 2026.
- The candle market is valued at $7,562.83 Million today and is expected to grow by 5.26%, reaching $10,156.05 Million by 2028.
- Profit margins range from 25% to 50%.
- An eight-ounce candle costs around $3 to make and sells for $10-$15.
- Candle business owners can make up to $91,500 annually according to ZipRecruiter.
- Most businesses start from home with basic equipment like double-boilers and jars.
- Selling candles requires skill in color, design, and scents built over time, often starting with kits.
- Success depends on uniqueness, quality ingredients, drawing interest at expos with unique designs and promotions.
- The initial investment in a candle business is typically around $1,000.
- After initial equipment costs, investing in additional wax and scents is more affordable and can lead to greater profit margins.
- Differentiation through quality and unique designs can boost success.
