The candle making business is a business that can be a golden opportunity for new entrepreneurs or startups, which do not require too much cost to start and are such that the demand for it can never be reduced. . Because people use candles for religious functions, home decorations, etc. By doing this business you can earn extra or full-time money.
According to a 2010 report, the demand for wax has increased to £ 10,000 million, which includes candles of up to 50%, and this demand is increasing steadily. Given the increasing demand in the Indian wax industry, you as an entrepreneur can expand your candle business to meet the demands of consumers. This business can play an important role in promoting your future.
Where is the candle used?
Some people may think that the candle is not used so much nowadays. But let me tell you that those people think wrong.
Nowadays more expensive and aromatic candles are used. When new couples go for dinner in big hotels, they like to have candlelight dinner.
Candles are used to illuminate the house, in Holi, Deepawali, and Navratras, in worshiping houses.
People of Christianity light a candle in the church to fulfill their wishes in front of the Lord Jesus.
On festivals, temples are bathed in the light of candles and lamps.
Candles are used to celebrate the birthday of children and elders and to celebrate the wedding anniversary.
In some places, the candle is quite famous like Nainital.
Whenever a tourist goes to visit there, he definitely brings a specially designed candle with Nainital.
Candle beads are also used in parties celebrated in hotels.
Apart from this, there is a lot of demand for candles abroad, but there is also more demand from India.
You can also export your product abroad such as America, Australia, England, etc.
Financial Planning for Candle Trading
Before starting a candle business, you should prepare a format of your financial plan, so that you will know how you can run your business, big or small. If you had to take loan requirements, then how much interest will be deducted, collect all this information, there is no problem in starting a business by preparing a blueprint for setting up the business.
Raw materials with the price for candle making
The minimum amount of materials used to make a candle and accordingly their value is shown through the list below, to give a small idea of a small scale industry. Prices may also vary:
Raw material per unit price
Paraffin wax Rs. 115
Pot or Pot RS 250
Castor oil Rs 310
Candle threads Rs 35
Various colors Rs 85
Thermometer Rs 160
St. 250 rupees for incense
Oven Rs 5000
Space required to start a candle business (Area) –
You can start this business from your home or even with a small 12 × 12 room on rent. The biggest feature of this business is that it does not require a lot of space to start but to start from home or even in a big way, it is important to keep in mind that you have to melt the wax There should be enough space, space for the maintenance of raw materials, as well as a place to store the finished candle, for this there should be a room or some space as the company office. In this way, you must keep such a place, from where the work can be done more efficiently and in a systematic way. Also, you can easily move the factory from one place to another with enough space to increase production without any hindrance in this business.
Candle making time
The time it takes to make a candle depends on how you are constructing it. If you are using a machine, then how much time its machines produce candles depends on the machine. For example, if you are using a semi-automatic machine, then this machine can produce 300 candles in 15 minutes. And if you make a small number of candles at home, then the number of employees involved in candle making and their efficiency depends on how many candles they can produce. By the way, the entire process of candle making can be done by a person in 30 to 35 minutes, and 90 candles can be made easier depending on the number of molds.
Candle making process
To make candles by hand, the wax is heated and melted from 290 degrees to 380 degrees. After that, after putting the wax in the mold, it is cooled and threaded through a drill machine or a thick needle, and then the hot wax is put on it and it is made equal. Then you can pack it and sell it.
The total cost to start a candle business
If you do not want to start your business by investing too much capital and want to start the business with less investment, then you can start it with a small cost of 10,000 to 50,000.
Candle making precautions
Whenever you are melting wax, always be careful because the temperature is never controlled on anything, due to which fire can also occur. Although it is always safe to make a candle between 290 degrees to 380 degrees temperature, caution is the greatest protection.
The final process is the packaging of the candle. Its packing can be done both by hand and with a candle filling machine. Safety of the candles is ensured by packing itself so that the candle does not leak anywhere due to excessive heat or other factors. Its packing is done through various decorative paper or colored plastic according to its size and colors. In addition, it is also packed in containers or containers.
For packing candles in general, take a thin cardboard box according to the size of the candle.
Then wrap the candles in bubble wrap or bubble wrap and put them in a cardboard box and pack them.
After that, stick the sticker written on the website along with the brand name.
Need for a profit margin for candle trading
The candle business does not require many employees, due to which the candle business can generate higher profits at a lower cost than other businesses. You should determine the price based on the cost of making each of your candles by keeping a margin of profit, as well as making sure that your competitors associated with this business are keeping a price for the candle product. You should try to be worth less than them.
The legal procedure for starting the trading of candles
Whatever is the legal procedure for the candle business, we have tried to place it in front of you with details in detail, which is as follows –
Company Structure: If you want to do candle business on a small scale, then you can choose your sole proprietorship company or LLC ie limited liability company, and partnership options.
Business registration: According to the structure of the company, you should enter your business first. Before you start a business, get a permit from the city from which you are starting a business, you can inquire with the city clerk’s office and get the business registered in the SSI unit.
PAN Card: Apply for a PAN card for business. For whatever kind of business you are going to do, first, get a business PAN card.
Business account: You can open a business account from any bank, the benefit will be that you will not have any kind of trouble in business purchases and it will help keep your personal expenses separate too. Because of which you will know easily how much you spent or received for this business. To keep an eye on this, you should keep track of your account.
Payment of taxes: For candle business, you have to pay taxes to the state and the union, for which you have to first register in your state. Usually, this tax has to be paid only once a year, you should know the rule of your state very well about it. For whatever sales tax will be collected on your products, you will also get a certificate of resale from the state or union.
Apart from this, if you want to start trading candles on a large scale, then follow the following procedure.
Company Name: You can start your business by registering the brand name of the company product. Name is an important part of starting any business, so after naming your company by thinking well and taking enough time to introduce your creativity. Then by registering it in the trademark, you secure the brand name of your business and apply for VAT registration and obtain it.
Registration with Employer Identification Number (EIN): Apply for EIN, through this number your business will get an identification number from IRS. You can also apply for EIN online by visiting the website of the IRS. This saves your time and soon you get the employer identification number.
Candle making machine
A candle machine will be required to make the candle. This machine has different types and different capacities. You will find candle making machine easily in the market, according to the machine, their price can range from 35,000 to 2 lakhs. Its price depends on its production capacity. Widely obtained three types of candle making machines are as follows: –
Manual machine: It is easy to operate, up to 1800 candles can be made per hour through this machine.
Semi-automatic machine: This machine is easy to operate, it also has the facility to set the size of the candles. This machine is technically very advanced. In this machine, water is also operated to cool the wax immediately.
Full Automatic Machine: Through this machine, you can manufacture different sizes such as birthday candle shape, square, round candle. This machine can produce 200 to 250 candles per minute. Apart from this, you can also make different design candles using different molds.
Marketing for the candle business
When you are starting any business, it becomes very important to tell people about that business or business. This will divert the attention of your company to the market and will also increase the sales of your candles. You have to find many suitable ways to promote and spread your product, which you can adapt and get maximum results. You can promote your business in many ways which are as follows
Through posters or via pamphlets: You can promote your company by distributing it in cities or far-flung areas by pamphlets or attractive posters in the name of your company. The advantage of this will be that many people will get to know about your products, some of which can definitely become your customers.
Through Online: If you are thinking of selling or transmitting your candle product online, then you will have to list your product in an online store through the portal. Then you will have to give an attractive picture of your product, description of product quality and necessary features through the portal, so that anytime a buyer searches or searches to buy a candle, it will automatically show your product or company And the buyer will be able to buy the candle product according to their need and choice after seeing the pictures and the given details.
Through social site: Social site also helps you in connecting with new customers. With this, you can promote your product by sharing the link of your products and online and attracting customers towards you. Apart from this, you can also advertise on PPC through Google or any other search engine. For this, you have to pay a few rupees, by this the network user will easily get the link of your product through search medium, and from that, he will get all the information.