What To Do When Your Kid Wants To Start a Candle Making Home Business

It is good to always help your kids out to achieve their fullest potential. In this age and time, kids grow up fast and they are very capable of doing so many things. They could start and run a business if you help them too, they could make millions through the tiniest little ideas. If your kid comes up with the idea or has a desire to make candles at home for sale, make sure to encourage him or her and help them to achieve this dream.

Candlemakers are artisans because their work requires creativity and craft and a whole lot of patience and include a lot of beauty. If your kid wants to make candles, then they must have a love for the craft of candle making and have skills involved in sales and marketing which is very important. You kid can start modestly in the kitchen or storage space of your home or apartment and with little capital. Your kid will need to make their product special because it is what will make them different from other competitors. To help your kid begin a candle making business at home, follow all of the information provided and the steps that will be explained below.

If you have no idea of candle making, do not be scared because candle making is not as hard as you think.

Here are key responsibilities of a candle marker which your kid should know:

• Ordering and storing raw products that you will need, including wax, wicks, containers, essential fragrance oils and colors.
• Constantly researching and reaching out to possible sales venues online and or in the physical world.
• Creating and regularly updating your website (if your kids decide to have one) and pages like Facebook etc. of their arts and craft
• Meeting or making contact with your customers, whether online or in personal encounters.
• Creating your candles and related products as needed
• Photographing your product line to maximum advantage so that your merchandise looks appealing online.

Steps to get started

1. Plan your business

A clear plan is essential for success as an entrepreneur. A few important topics to consider are your initial costs, your target market, and how long it will take you to break even.

2. Getting the skills required

Most start this business as a hobby. This could be a good start for your kid too. Try to make sure that they have a passion for aesthetics of making candles and other items related to it. Your kid needs to know the basics of making candles, also e-commerce and how to establish an online presence. All of these skills are very important to make a good presentation of the products online. Your kid needs to believe in their product to sell it in person too. As a parent, you would have to help out in these areas because he or she can’t do it all alone. There is nothing wrong in doing a little more research on some o the points I raised if you have no clue as to how to go about them.

3. Capital

Depending on the area that you reside in and the laws governing it, you may be allowed to use your own kitchen and the utensils. However, some areas may not permit it and would require you to use some other space different from the kitchen based on various reasons. So space isn’t really a problem and capital is not needed to rent a space because your kid will be doing everything right at home. However, making candles may require some money to start because of the materials that will be needed to make the candles. You could ask your kid to use some of the money or all of the money he or she has been saving. Or you could invest by loaning him or her money to start. As the business progresses and makes a profit, your kid could pay you back your invested capital. Things that will be needed is:

• Paraffin, gel, soy, beeswax or other wax
• Wicks
• Jars, tins or other containers (if you are making just candle pillars you do not need these)
• Essential oils for fragrance
• Colouring agents
• Packaging supplies
• Fire extinguisher (important if you do not have one at home)

4. Form a legal entity

Your kid can start small but if he or she is really passionate about making candles and wants it to be big then register the business. In fact, there are laws that govern the operations of business especially when kids are involved. Do your best to get all the right permits or licenses required for your kid to operate without any hassle. Make sure to pay any tax that is required of you. These are things that you need to help your kid with until they get a grip on how things work. By following al the procedures and steps, you are teaching them to be law abiding and to do the same too.

5. Open a bank account

If your kid has not been saving before then it is time to open a custodial bank account. This will teach him how to manage money and the importance of saving. It will also require him to set up business accounting. He will have to record various expenses and sources of income in order to calculate his profit at the end of the month or week. By keeping a financial record, your kid will know whether he or she is running at a loss or making a profit from the business.

6. Target market

Your targets are very important to identify. These are your potential customers and it is anyone that wants to buy candles. Now if your candles are mainly for your neighborhood and those in your town or area for a start, try to find out what appeals to them. So, if your potential customers are those that use candles for the decoration of prayer, then make those kinds of candles because that is what the market demands. Knowing what your potential customers want helps you to products candles that will sell faster.

7. Advertise

Letting people know about your product is very important, because, without it, no one will buy your stuff. You could have fun with your kid and design a poster or flyer for your new product to give to potential customers. Or you could create a business website that allows customers to learn more about your company and the products or services you offer. You can also use social media to attract new clients or customers.

8. Pricing

Work on your prices. Do not begin by exceeding the amount your competitors sell their candles. To know the best range, you and your kid could just have fun going out on a little spy game. Go round and see the prices that are placed on different types of candles especially the kids that your kid would like to make more. With the information and depending on the type of quality candle you make, you can now tag a price that is worth it and not too scary.

In conclusion, Candle making businesses sell candles either directly to consumers, or indirectly through resellers, such as boutiques, gift shops and other arts and crafts retail venues. Your kid is sure going to have a booming business with your support.