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The candle making business, become so popular from the last few decades. It can also be considered a lucrative business. Nowadays, people feel good at enjoying the relaxing effect of burning scented candles. Its demand is increasing day by day. Peoples are using, candles for religious and illumination purposes but in recent times, hotel, restaurants, hospitals have started using it on regular basis. People are considering it as a perfect gift for their near and dear ones.
In terms of business, it is one of those handfuls of enterprise which require very less capital investment and gives a good return on investments. The consumers demand, for scented and decorative Candle Making create a business opportunity for the innovative start-up entrepreneurs.
As a report, the demand for wax globally reached[1] an estimate of 10,000 million lbs, valued at over$ 2.1 billion in 2010, out of which demand for candles is above 50 percent; with an indication that waxes consumption is expected to grow at an average annual growth rate of 1 percent from 2010 to 2019.
In Asia Pacific region,” Indian market is lugging along brilliantly in this race of candles”.
Investment requirement
From a research, it has been analyzed that, approximately the following investment would be required in Commencing Candle making business.
The following benefits can be enjoyed while initiating this business:
As, this business doesn’t, involve a lot of raw material and employees. While deciding the prices for the candle consider all expenses incurred on raw material, labor cost for making them and can also include advertisement cost if occurring.
If selling at a wholesale price, then just double the cost whereas, in case if you are selling on Shops you can take as high as you even 2.5 or 3.5 of your cost.
Read Also: Home-Based Business Ideas for Moms.
Following points need to be decided before investing in this business:
An interested seeker may raise their query at info@enterslice.com. Detail information is also provided on our website www.enterslice.com.
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