Cost of Candle Making
Candle making is not an expensive hobby. You can start at around $59.95 but can also go up to $132.55. Making your own candles can cost you more than double the price of just buying one. Candle making businesses have profit margins of 100% or more and are easy to start as a home business. You will have lower business overheads and advertising costs too making your profit margin even higher and it’s also not labor-intensive.
Cost Comparison
Making homemade candles saves around 62% of the money spent to buy candles online or in stores for an entire year. It is cheaper to make your candle if the number of candles you buy per year is more than 5, with each individual store-bought candle that costs around $26.38. As a hobby candle making can be as cheap or as expensive as you want it to be. If you are looking to make candles on a budget or just for yourself then you do not need to spend more than $100 to get yourself started.
- Basic soy wax supplies are the least expensive option for home candle making.
- The average cost to make a scented soy candle is about $9.
- Factors like the type of candle wax, the scent, coloring, and the kind of container used can make some candles expensive to make.
Tips for Affordable Candle Making
What is the cheapest way to make candles? When it comes to homemade decoration, candles can add ambiance to any space but they can be expensive from stores. Making your own is an alternative but is it cheaper? There are cheap and expensive methods. Below are some tips to save money:
- Measure the wax to prevent wastage.
- Measure the right amount of candle wax for containers.
- Boil the wax using a double boiler system.
- Candle making equipment can get expensive but wax can be made affordable using kits.
- Most supplies like wax and jars can be reused helping save money in the long term.
Profitability of Candle Making
Is it worth making candles profitable? Yes! A candle-making business can be highly profitable. It has a low startup cost, doesn’t require much equipment or technical knowledge, and you can make candles at home.
- The average profit margin for handmade candles is around 50%; it can be slightly higher for specialty or premium ones.
Starting a Candle Business
How much does it cost to start a candle business? The cost of starting a candle business varies depending on the number of products you want to sell, the quality of ingredients, packaging, and marketing.
- A homemade candle typically has a profit margin of between 50 and 70%.
- The candle-making industry is worth over $3 billion in the USA alone, making it a profitable business opportunity.