The festive fervor of Diwali has engulfed the nation. If you've been contemplating starting your own business, this is the perfect time. Candles, the lifeblood of this festival of lights, are in massive demand, illuminating homes and spaces with a warm glow. The candle market keeps expanding exponentially. Many entrepreneurs take advantage of this window to cater to the overwhelming demand and make a handsome profit from the candle business. Let's delve into the process...
An Investment of 10 to 15 Thousand Rupees
The demand for candles extends beyond Diwali, becoming essential for birthdays and religious ceremonies, decorating homes with vibrant lights. This demand is robust not only in retail and wholesale markets but also flourishing online.
You can craft colorful, designer candles and sell them, thriving amid increasing demand. As demand increases, expand your business and possibly create employment opportunities. Importantly, you don't need a hefty sum to start; a modest 10 to 15 thousand rupees is enough.
Source: aajtak
Material Easily Accessible
A relieving aspect of this business idea is the minimal need for expensive machinery, with materials readily available everywhere. You can begin candle-making by using molds, filling them with wax to create candles. Affordable molds of various designs are available in the market, enabling you to produce a variety of candles.
Essential materials for candle-making include wax, wicks, colors, and ether oil. To create scented candles, add fragrance. These supplies are available locally and online.
Expand Your Business with a Mudra Loan
Once the candle demand grows, consider purchasing an automated machine, producing more candles swiftly. The minimum price for such a machine is around 35,000 rupees. There are three types of machines: manual, semi-automatic, and fully automatic. A manual machine can produce 1,800 candles per hour, simple to operate. A full automatic machine can manufacture at least 200 candles per minute. You can also secure a 'Mudra Loan' for your candle business.
Source: aajtak
Market Your Candles Effectively
Initially, market your candles to local shops, especially since every store sells candles during Diwali. There's also the online market avenue where you can enlist the help of e-commerce platforms or supply wholesale dealers with your candles. Averaging an income of 20,000 rupees monthly from this business is achievable initially. Automated machines will exponentially increase your income, offering the potential to expand and amass wealth. Even online candle-making training is accessible if you are a beginner.
