Making candles is a common hobby that can grow into a successful business. With a market size of $3.5 billion in the US alone, candles are a rapidly expanding industry. However, a number of variables, including as your marketing plans, the caliber of your products, and your price, will affect how much money your candle business can make.
Online markets like Etsy are among the finest locations to sell your candles. As it offers a cheap way to reach a worldwide audience, Etsy is a great platform for small enterprises. Although opening an Etsy business is quite easy, standing out from the thousands of other candle producers can be difficult.
You must improve your shop’s layout, product descriptions, and tags if you want to succeed on Etsy. It’s also essential to offer distinctive scents and packaging, as well as competitive pricing for your candles. You can make more money from your Etsy shop if you put more work into it.
The requirement for a PayPal account in order to sell on Etsy is another question that candle makers frequently ask. Yes, it is the answer. All sellers on Etsy must have a verified PayPal account in order to receive payments, as PayPal serves as the site’s principal payment processor.
Can you already sell candles on Etsy? Absolutely. Etsy is the perfect venue for candle makers because it offers a particular category for candles. You must, however, abide by their labeling and safety regulations for candles. You must, for instance, add a CLP (Classification, Labelling, and Packaging) label on your wax melts that contains details about the fragrance and any possible dangers.
Let’s finally discuss the potential revenue from your candle business. The answer, as stated before, is that it relies on a number of variables. According to Etsy’s 2020 figures, 15% of the platform’s total merchandise sales were made up of home and living items, which includes candles. However, your pricing, marketing, and sales volume will determine how much you can earn.
In conclusion, opening a candle company can be a successful business decision, but it takes work and careful planning. Candles can be sold on Etsy quite well, but you must optimize your store and adhere to their rules. Your candle business can make a sizable profit with the appropriate strategy and commitment.