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How To Start A Candle Business In Nigeria And Make Huge Profit

How To Start A Candle Business In Nigeria And Make Huge Profit. Lighting, adornment, and other uses make candles a common household item in Nigerian households. There are occasions when candles are utilized, such as at celebrations and anniversaries. What we don’t know is that there is a lot of money to be made from the candle manufacturing industry in Nigeria, which we all know.

How To Start A Candle Business In Nigeria And Make Huge Profit

Introduction

Candles are always a terrific commodity that sells quickly, no matter how they are utilized. Profits are guaranteed, and the candle-making procedure is really simple. You may start your own candle-making company and earn an additional income. Nigeria’s candle manufacturing industry is one of the most profitable businesses for anyone. There is no need for a large amount of money to start a candle-making company since the materials required to make them are quite cheap. It is possible to become an employer of labour if you are able to start and grow output over time! To suggest that candle manufacturing is a viable career option is an understatement.

Prior to launching your candle manufacturing company, I recommend that you ask us questions to have a clearer picture of what it takes. Candlemaking is a fascinating pastime for millions of individuals throughout the globe, even if they don’t make any money from it. It is common for people to make candles at home. Here, I’m referring to a variety of candles, including standard white candles as well as colourful candles for aesthetic purposes.

See also: How To Start A Consulting Business In Nigeria Successfully

Materials Needed For Candle Production Business

The manufacture of candles requires the use of three primary raw ingredients. This is what you’ll need:

  • All candles are made out of a waxy substance known as candle wax. Pellets of it are offered on the market.
  • The colourless and odourless crystalline fatty acid is known as stearic acid.
  • The 18-carbon fatty acid stearic acid is derived from.
  • It is known scientifically as octadecanoic acid by the IUPAC. It is a waxy solid, and it has a waxy texture.
  • CH3(CH2)16CO2H is the chemical formula.
  • In the centre of each candle, you will discover a thread known as the wick.

The following is a complete list of the components required to make a variety of coloured candles.

  1. Wax made with paraffin
  2. A clear, white beeswax
  3. The pyramid mould
  4. Watermelon essential oil of scent
  5. A concentrated liquid dye in black or grey colour
  6. The liquid dye is red or pink and is concentrated.
  7. Liquid Hunter Green is a concentrated form of this colour.
  8. Wick with a 24-ply flat braid
  9. Sealant for mould
  10. A cookie sheet

See also: How To Set Up A Business From The Scratch Without Ideas

THE PROCESS OF CANDLE PRODUCTION

  1. Begin by chopping and pouring the candle drippings into a metal or galvanized container.
  2. After allowing the wax to melt, add the stearic acid and stir it well into the container.
  3. Ensure that the candle wick is appropriately arranged in the mould.
  4. Pour the molten wax into the candle mould and allow the wax to harden before moving on to the next step.
  5. To speed up solidification, pour cold water into the mould and let it drain out via the exit, then remove the mould.
  6. Pour hot water over the bars of the mould so that the candles can be easily removed and wrapped that they can be removed.

Other things you need to consider in the business

1. Decision

You’ll need to pick what kind of candle you want to create and sell since there are so many distinct kinds. Candles may be made for a variety of reasons, including emergency lighting, home design, and even therapy. Various candle types exist, including jar candles, tarts, soy wax candles, and paraffin candles. You are free to make your decision.

2. Business plan/feasibility study

For your home-based candle company concept, a lot of research is required. Finding an established market to which you can appeal is essential. If so, you’ll need to figure out how much competition there is and what kind of candles your target clients are looking for in order to succeed. The next step is to draft a business strategy for your candle-making company.

3. Learn how to do it

To get you on the proper path, you need to be well-informed. It might have a significant impact on the profitability of your business. Because there are several online forums where experienced candlemakers are eager to help, the internet is the best location to begin your study. Acquire as much information as you can, but make sure that the information you gather is connected with your goals and objectives. Instead of looking at alternatives to paraffin, focus on making soy candles and tarts. Try out a few different methods for creating candles to find the one that works best for you. If you’re good at what you do, you’ll make more money. The more you practice, the better you become.

4. Location

Decide on a location in your house where you’ll make your candles, whether it’s your garage or your own craft area. To make candles, you’ll need a place that’s simple to clean and maintain.

5. Registration of a business

It is critical to establish your firm as legitimate. You must first register with the Corporate Affairs Commission (CAC) and get all necessary permissions and licenses from the state and municipal governments before you can begin your candle-making company. If you do this, you’ll avoid embarrassing situations with government officials and maybe avoid the liquidation of unlawful businesses. Speak with an attorney or an accountant before starting your own candle-making company from the comfort of your home. Get help with tax and insurance issues. It will come in handy in the future.

6. A marketing strategy

Ambition is not a bad thing. An excessively ambitious entrepreneur might jeopardize the profitability of his or her firm. Take baby steps. Attempting to become worldwide when you can only produce a few candles is a waste of your time. You’ll become frustrated and finally quit up if you keep doing it. After a successful launch, you may next broaden your product line and target market.

See also: How To Do A Business Plan – Step By Step Guide

Conclusion

There is a full tutorial on how to establish a candle manufacturing company provided by the author of this post. I’m sure you’ve finished reading this post, so feel free to leave a remark, share your success story, or ask a question if you have any.


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Bolu Tife

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