Tag Archives: business

Product Pricing Guide for Soap Business Owners

Whether you’re making your own soaps and buying the raw ingredients or reselling wholesale soaps, you’ll want to know how to have accurate product pricing for your soap business. Are you considering your labor and overhead? Small costs are everywhere, even paper towels, so you need to be sure to account for everything.

In this guide, you’ll learn why if you don’t understand your product expenses and price your soaps accordingly, you’ll become very frustrated. You’ll learn how to determine your distribution model, which describes how you plan on selling your product. Then you’ll learn how to calculate the cost of goods, which is either the raw ingredients, materials, and labor, or the cost of pre-made soaps.

The final step requires a bit more math, but it explains how to determine your pricing strategy. Essentially you add the product cost of goods to the profit you are expecting to make and that’s how you get the price!

Read the full story here :: Guest Post: Pricing Your Products

Advice For New Soap Businesses

Starting new soap businesses can seem overwhelming at first, but creator of Bellabrice Body Care gives her advice on how to do it. She says that her advice to soapers just starting out is to take your time, and learn about the soap business before you start.

She said watching YouTube videos on how to make soap helps, and once you understand the safety precautions, it’s a fun and rewarding craft. You should also know the different types of soaps such as cold process soap, hot process soap, liquid soap, and melt and pour soap.

For inspiration, she turns to Facebook, Pinterest, and soapmaking blogs, and says her confidence was boosted by following the Soap Queen blog, Soap Queen YouTube, and the many projects made by Anne-Marie. Her goal as a soap maker is to make beautiful products, give back to the community, and run a successful company.

Read the full story here :: Turning Gifts into a Business

Turning Your Soap Hobby into a Business

Making the transition from soap being a hobby to soap being a business can seem a little bit intimidating, but these 5 tips can help you make it happen. You’ll first need to decide important questions like if you have time, where you’ll sell, how much business knowledge you have, will you need assistance, and do you have a vision for your brand?

Next, in order to turn your hobby into a business, you need a plan, passion, and a little patience, it won’t happen over night. To start planning, you’ll need to determine the cost of goods sold. That includes raw materials, labor, and overhead to actually produce the products. Next you’ll want to find your nice! That means determining what makes you stand out from the rest of the competition. Focus on one pinpoint, and develop it.

Then you’ll need to develop a strong brand identity that people can recognize. Use this for branding, packaging, marketing, etc. This will also be important to use when posting on social media. Social media is a crucial part of your soap business, and you should be posting on numbers platforms every day. Check out the tips in the tutorial to get you started!

Read the full story here :: 5 Tips to Take Soaping from Hobby to Business