Retail Vs. Wholesale Vs. Private Label (My experience as a handmade business owner)
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- Опубліковано 14 жов 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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I just landed on my first wholesale account. At first I was really worried I can’t do it due to lack of supplies and time but I braved it and everything went well and better than expected! As always thank you for sharing your candle knowledge. I appreciate you!❤
That’s wonderful, congrats!! I was super nervous about my first wholesale order too 😅
The nice thing about selling wholesale is that I’ve found it easier to make a lot of items rather than just a few. Ordering supplies is easier, planning the day is easier, packing is easier, etc.
Thank you so much for this video, friend! It's been a while! I think this video is incredibly useful for anyone looking to setup a business and I love your insight.
Yes I would love a video on how you approach potential wholesale clients as an introvert!
I'd love a video on how you go about pursuing getting your candles into different locations
The safest bet is to use a wholesale website, at least if you’re starting IMO.
You could then find people in person or online and drive them to your wholesale page to place orders.
Just make sure you can handle 50% pricing
Hi it’s been so long since I’ve watched any UA-cam about candles I started back at work so I can better support my business and decided I want to do wholesale and private labeling. If you did do a futur video can you do one about writing up a contract and pricing for both wholesale and private labeling and maybe making labels or what if someone wants a specific logo how you get their logo onto your computer and how to use it and where? Thank you so much I love your channel it’s just been a lot of changes for me and I’m finally getting back into the swing of things by choosing to grow my business by dipping my hand in different pots lol
I appreciate this video! I started my business about a month ago and currently trying to get a wholesale account through Faire. Not sure if you used them before but I saw it from another candle owner recommending it.
When selling wholesale, should the business sell the product the same amount you sell to customer or can they charge more?
Question- do you use a generic warning label ( meaning not including your information)on your candles when doing private label since it has the other businesses name - logo - scent etc. that they choose
Great question!! I actually keep “Manufactured by Memory Box Candle Co + my city, state and zip code” because legally I have to still put who the manufacturer is on the product. I always let my private label customers know this :)
@@MemoryBoxCandleCo ahh ok, I wasn’t sure due to the fact it basically becomes their product (even though you did create it ) Thank you so much for this video & quick response ❣️
Do you charge them for shipping or it’s included in your invoice?
I charge them for shipping and include it on the invoice!
@@MemoryBoxCandleCo thank you for responding
I have $200 to my name and I want to start a candle business from home, how can I go about doing so ? & thank you so much for this video & awesome content
Hi! So If you are getting started from the very beginning (meaning you still need to test materials) I recommend saving up money and just getting started little by little with testing materials for now. Check out this video: ua-cam.com/video/9w_CD4qSsh8/v-deo.html where I talk about how much it costs to start a candle business. I hope this information helps! :) Thank you for watching!
hi with no disrespect to @MemoryBoxcCandleCo I love the content is my first time watching and very informative
I spent $130 on materials and have many local clients buying my candles so yes it’s possible with $200
Great video Erica!
You are very generous with your private label accounts. The fact that you make the labels for them is a huge bonus to them!!
I charge 50% of my retail, plus 15-20% on top for private label accounts and they are responsible for their labels. Now white label, that’s different. I charge the 50% + 10%, and I make the labels as they have my company logo as well as the buyers logo.
Keep the great content coming!!