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. You can take advantage of this opportunity and start a candle-making business with an initial investment of just ₹10,000.
Candle light business
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. On a small scale, you can start this business from a small corner of the house by spending ₹10,000 to ₹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.
How to start the business
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. You can also sell it online by giving your brand name through e-commerce websites like Amazon, Flipkart, etc. In this business, your initial earnings can double or triple, and by expanding your business, you can earn lakhs this Diwali.
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