The Diwali season has begun, and this could be a great opportunity to start your own business. To earn substantial profits with minimal investment during this festival of lights, you can start a candle-making business. Even though sales of electric lights have increased in the market, the demand for colorful candles remains strong, and Diwali is considered incomplete without them.

How to start this business

You can take advantage of this opportunity and start a candle-making business with an initial investment of just Rs 10,000. Let’s explore the entire process and profitability. The candle market isn’t limited to Diwali; sales continue throughout the year for birthday parties and religious events. However, demand is highest during the festive season.

Small investment maximum profit

On a small scale, you can start this business from a small corner of the house by spending Rs 10,000 to Ra 15,000. Profits can be made up to 50% on ordinary candles, while 100% to 300% on decorative or scented candles. A significant advantage of the candle-making business is that you don’t need to install expensive machinery or large equipment to start your business. Candle-making materials are readily available in the market. The main ingredients are wax, thread, dyes, and essential oils. You can also use fragrance to make scented candles.

 

To begin with, you can use molds, which are available at very low prices. You can easily purchase these materials at your local market or online. Once demand for your candles increases, you can expand your business. You can apply for Mudra loans or other government-sponsored small business programs to help expand your business. If demand increases, you can upgrade to an automatic machine. A manual machine can produce 1,800 candles per hour, allowing for a larger supply in a shorter time.

Grow your business through branding and marketing – You can create colorful and designer candles and market them under your brand name. Marketing is crucial to the success of any business. Use these methods to market your candles. During Diwali, visit stores to collect orders and supply them to wholesalers.

Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.