How Much Does It Cost To Make Our BEST SELLING Candle?
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- Опубліковано 20 лип 2024
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DISCLAIMER: Everything shared in my videos is my own personal experience and is for educational and informational purposes only. If you are wanting to start a business, always seek legal guidance from a local business attorney and certified public accountant to make sure that you are running your business legally. Everyone is responsible for their own product testing and business structure and I will not be held accountable.
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Is there a reason why you don't include packaging etc. in your costs? Do you include these while calculating a selling price?
I love inventora!! I am new too it and still in my testing phase with my candles. So I am not selling at all but just adding all my supplies into inventora has been so nice to keep track. I love it. Game changer. I am so glad you have done videos on it. Thank you!
Hi, Erica! Thank you for the in depth tutorial - is there a video where you calculate finalized pricing while including shipping and packaging?
Erica, thanks for sharing with us. I have been following your videos for a while and I find the very instructional and pertinent. Hope you and Chris keep doing well with your business, and congratulations on your new location ... Joey
Thank you so much Joey!
Thanks for the insight! That was super interesting. Could you also show how much profit is left before tax if you sell candles on Faire and the buyer comes via Faire? The Faire fees are quite high. I only sell directly to small stores and sell my candles at half price. But if all the Faire fees were removed, I wouldn't earn much.
Awesome video, Erika. It's been a long time since I checked in. How's the little one? Growing all the time, I presume! ❤😂❤
@@jillgross6232 hi Jill! He’s doing wonderful! Growing like crazy!! Already 23lbs 😄
Great video, and I love being able to try it out first too. I understand all about creating a material list for a product and how to come up with your price, but how do you go about dealing with shipping materials? Is that part of your COGS or do you figure it in a different way. Just started selling and got an order from a friend in the south and realized I don’t have much of an understanding of that lol. Thanks!
I buy my vessels from overseas with gold lids at .49 cents each - 12 oz frosted white with gold lids. And my embossed gold stamp labels made are .06 cents each
Where do you buy these from?
I'm not sure if you've already done a video on this but it would be nice to see all the apps you use such as inventora and the benefits of each
Check out the videos there is a video on apps that Erica uses that are very helpful to her & the business 😊
I wish inventora would sync with GoDaddy! 😭
I want to use it so badly
Hi, my name is Dana. Can I join Inventora without having a business name? Thank you for your time.
We like your website but the new pop up is hard to deal with.
When you exit out of it does it keep popping up?
Hey Erica. I have been following your content and would love to discuss how to have a bigger sales channel. Do you have an email ID where we could discuss this?
I'm screwed. My candles cost $18.29 to make. YIKES!
@@stevechappellie904 is that after purchasing every supply item in bulk?
@@MemoryBoxCandleCo Yes! I divided cost of wax, wick, vessel, fragrance, box, shipping box, labels and care card and shipping tape.
@@stevechappellie904 don’t include any of your shipping materials into your COGS price. Only include what it costs to make your candle (basically anything that would sit on a retail shelf) This should help you see a more accurate COGS number!
You may want to consider buying your vessels directly from a manufacturer overseas . YOURE buying them from a company that buys them overseas . My vessels are high end and my labels are high end. The vessel and label with shipping overseas is less than 1.50 each including gold lids