In today's competitive market, optimizing costs is crucial for candle makers. Here are five updated strategies to help you save money and boost your bottom line:
1. Bulk Purchasing and Combined Shipping
At Candle Shack, we believe in empowering your business to grow efficiently. For those scaling up production, our pallet pricing on essential materials like wax and glassware offers substantial savings. By embracing larger orders, you'll unlock significant discounts compared to multiple smaller purchases.But don't worry if you're not quite ready for pallet-sized orders yet. Our combined shipping options still provide a smart way to cut costs and reduce your environmental impact. Remember, several small orders can quickly rack up shipping fees, whereas a single larger order streamlines your expenses.Whether you're a burgeoning candlemaker or an established brand, we're here to help you optimise your supply chain. By strategically planning your orders, you can enjoy both cost savings and a reduced carbon footprint - it's a win-win for your business and the planet.
2. Efficient Inventory Management
Partner with Inventora, Candle Shack's trusted inventory management solution.
This powerful tool helps you:
- Track raw materials and finished products
- Calculate precise costs of goods
- Manage product variants and bundles
- Optimize stock levels to prevent overordering or stockouts
By implementing Inventora, you'll gain better control over your inventory, reducing waste and improving cash flow.
Using Inventora, you can track your materials more effectively and forecast the volume of components you will need for your upcoming production plan. This means you are less likely to need to put an emergency order in for a component you've run out of unexpectedly. Saving you money on shipping and lost production time.
3. Optimize Your Fragrance Usage
At Candle Shack, we know that sometimes, less is more when it comes to fragrance. Our testing shows that an 8% fragrance load can deliver a captivating scent, often outperforming higher percentages. For example, many of our GW464 recipes already use 8% fragrance for optimal results. If you typically use 10% fragrance in a 220g candle (22g per candle), switching to 8% means using only 17.6g—saving 4.4g per candle. For a batch of 100 candles, that’s a total savings of 440g of fragrance oil! This adjustment not only cuts costs but also ensures your candles are safe and fragrant.To simplify your formulations, use our Candle Shack Fragrance Calculator. It helps you easily determine the right wax and fragrance amounts for any batch size. At Candle Shack, we’re dedicated to helping you create the best candles while maximizing your savings and success in the craft.
4. Streamline Production with Efficient Equipment
We understand that efficiency is key to scaling your candle making business. That's why we recommend investing in high-capacity equipment to streamline your production process. Consider upgrading to our iMelt range of digitally controlled wax melters. The iMelt 30 is perfect for medium-sized batches, while the iMelt 90 can handle up to 300 x 30cl candles in a single batch. These powerful melters significantly reduce production time and labor costs by allowing you to melt larger quantities of wax simultaneously.
But don't stop at melters. Invest in versatile wick tools that work across multiple vessel sizes. This smart approach ensures you get maximum value from your equipment investments, enhancing your overall production efficiency.
By choosing the right equipment, you can boost your productivity and profitability, setting the stage for long-term success in the competitive world of candle making.
5. Continuous Learning and Innovation
Immerse yourself in the Candle Shack community to stay at the forefront of candle making innovation. Our webinars and blog posts are treasure troves of knowledge, offering insights into cutting-edge techniques and products that can revolutionize your craft. By engaging with these resources, you'll not only refine your skills but also gain a competitive edge in the industry. Keep an eye out for game-changing developments such as:
- Our latest waxes, designed for superior performance and ease of use.
- Meticulously tested recipes that slash your development time, allowing you to focus on creativity.
- Bespoke customisation services that help your candles stand out in a crowded market.
By staying connected with Candle Shack, you'll be the first to know about industry advancements and new offerings that can elevate your candle making business. Remember, in the world of artisanal candles, knowledge truly is power – and we're here to empower you every step of the way.