Start Your Own Handmade Soap Business
The soap industry is very lucrative these days. Are you dreaming about your own soap business? We can show you that starting a Handmade Soap Business is so easy; all it takes is thoughtful preparation and a little time.
In addition, you need some passion and good research to distribute your soap to the marketplace.
There is plenty of handmade soap in the U.S. market. If you search for it online you would find more than 300 pages of listings on this type of business. Therefore, it’s important to find your best niche and set yourself apart in terms of product offers.
Handmade Soap Business Guide
Detailed strategic planning is very important in a handmade soap business. You need to find cheap raw materials to purchase but ensure that the quality is still good. For the first few months of operation, the best thing to do is buy only the supplies you need to use for a month or two. Plan your production process ahead of time especially if your goal is to produce huge quantities of soap.
Another tip is to price your products low – calculate the cost for you to make one batch of soap. For example, if you made 50 bars costing only $20, then your cost per soap is 40 cents. Imagine your profit if you price each one for $3-$4!
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Marketing Handmade Soap Business
You can also make a nice profit if you keep your mark-up low for each soap and then sell huge volumes of it. Here are some instructions on how you can grab your edge in this business:
- Secure legitimate licenses and business cards – the license will make sure that you are professional and your business is legal. Be ready to hand your cards to everyone you meet.
- Find good places to sell your soap – you can make a nice income even if you just sell in craft fairs. But don’t limit yourself here; you can actually approach local stores to distribute your product. Alternatively, you can sell a huge volume to wholesalers and let them carry your brand on consignment basis.
- Make natural soap baskets to package several soaps – if you make a nice packaging for your soaps, you can sell them in bulk. For instance, your soap basket could contain a foot scrubber and bath mint together with 3 handmade soaps. Then, you can approach real estate brokers or other organizations to give it to their customers as premium gifts. Although it would only cost a few dollars to creatively put these baskets together, you can easily sell them for around $50-$75 depending on your chosen price.
- Launch a website displaying your items – you can make more income by accepting credit cards as forms of payment. You can market your handmade soaps using a website and several forms of payment facility to make this possible for you.
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461 Comments
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