Start Candle or Diya Making Business: The candle business is a business that can be a golden opportunity for new entrepreneurs or startups that do not require too much cost to start and is such a thing 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 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.
Candle making business financial plan
Before starting a candle business, you should prepare a draft of your financial plan, so that you will know how you can run your business, big or small. If you had to take loan requirement, then how much interest will be deducted, collect all these information, there is no problem in starting a business by preparing a blueprint for the establishment of the business. Read on to know how to start the business of making incense sticks.
Candle making business raw materials with price
The minimum amount of materials used to make a candle and accordingly their value is shown through the list below, so that a small scale of a small industry can be estimated. Prices may also vary:
- Paraffin wax: Rs.1 115 per kg
- Pot or Pot: 1 pan 250 rupees
- Castor oil: 1 liter Rs 310
- Candle threads: 1 roll Rs 35
- Various colors: 1 packet Rs 85
- Thermometer 1: 160
- Scent for perfumery: 1 bottle Rs 250
- Oven: 1 5000 rupees
Where to buy raw materials for candle making
You can also supply the raw materials of candles from the local shops, but the benefit of taking the materials from the wholesalers is that they are always able to provide you the required quantity according to your demand. Quality should always be taken care of while taking raw materials. You can find such wholesalers through your area or online. You will get whatever information you need to get about the purchase of raw materials through this link.
- https://dir.indiamart.com/impcat/candle-raw-material.html
- https://dir.indiamart.com/kolkata/paraffin-wax.html
- https://www.justdial.com/Kolkata/Wax-Candle-Dealers-in-Burrabazar/nct-10534022
By the way, we have also given some company name details to take offline information. Some of the companies that provide candle raw materials are as follows-
- Candlechem, Link International which is a Mumbai based company and is located in the Masjid area.
- Wellborn Candles Pvt. Ltd., a Bangalore based company based in Bidadi,
- Pooja Craft and Embroidery This company is present in West Borivali area of Mumbai.
- Many more similar companies provide the raw materials of candles, which are located in different places. Read to know how to start the business of baking powder production.
Area needed to start a candle business (Area for Candle making business)
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 place 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 much candles they can produce. By the way, the entire process of making a candle can be done by a person in 30 to 35 minutes, and 90 candles can be made easily 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, the wax is cooled after putting it in the mold, by putting thread in it through a drill machine or coarse needle, then the hot wax is put on it and it is made equal. Then you can pack it and sell it,
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 temperature is never controlled on anything, due to which fire can also occur. Although it is always safe to make a candle between 290 degree to 380 degree temperature, but caution is the greatest protection.
Candle packaging
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 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 the simple packing of candles, 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 in the website along with the brand name.
Need for 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.
Legal procedure to start candle trading
Whatever is the legal procedure for the candle business, we have tried to put 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, you can opt for your sole proprietorship company or LLC ie limited liability company and partnership.
- 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 business, for this you can inquire with the city clerk 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 to 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 it, 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 trade mark, you secure your business brand name and apply for VAT registration and obtain it.
- Registration with Employer Identification Number (EIN): Apply for EIN, through this number your business will get identification number from IRS. You can also apply for EIN through online by visiting the website of IRS. This saves your time and soon you get the employer identification number.
Candle making machine
Candle machine will be required to make the candle. This machine has different types and different capabilities. 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, through this machine up to 1800 candles can be made per hour.
- 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 various 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 adopt and get maximum results. You can promote your business in many ways which are as follows
- Through posters or by 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 benefit 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 through online, then you will have to list your product in online store through portal. Then you will have to give an attractive picture of your product, description of the product’s quality and essential 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 his 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 will have to pay a few rupees, by this the network user will easily get the link to your product through search medium and from that he will get all the information.