Any advice for me on how to start up a body care business? To start i’m a 25 F and one of my biggest dreams and passion of mine is to create and grow a body care business and sell products such as scrubs, lotions, oils, perfumes, body washes and make it all from scratch.I have a name already in mind, a logo, and the look for the product. Also, I already bought a few samples to create a body butter, and the few people I let sample really liked it. I have no experience in selling, creating, or running a business and I really want to learn but have no clue where to start. Any advice? I was listening to some podcasts and even signed up to a couple of websites where they provide a “how to guide” and all that extra stuff. I’ve read into it but I just don’t really know where to start even with all that in mind and I don’t want to overwhelm myself with too much info either even though I think I already did that once or twice already. I would really like some solid advice to where I can start grounding my feet somewhere and take off. Anything helps! :-))))))
First issue to address is your goal and objective of “make it all from scratch.”
“….scrubs, lotions, oils, perfumes, body washes….”
Each of these products consists of different ingredients as well as manufacturing process.
I don’t believe it would be possible to make all of these as home-based business.
So, you would need a stand-alone factory or hire a third party to private label your products.
Consider perfume.
If you have someone make it for you, it might take six to nine months to have one product ready for market and it might cost as much as $30,000.
Then you have to sell it, hopefully.
Start at the beginning.
Mission statement – We want to create and grow a body care business
Financial goal – We want profit $50,000
Objective – Achieve gross sales $250,000 ($50,000 / 20% profit margin)
Next, create a business model.
Value proposition – What problem does your products solve?
Market segment – Who is customer? Young, mature, senior, male, female, other?
Revenue/margins – Price/revenues versus cost to produce and sell
Value chain – Make in-house or private label, store or sell online, wholesale?
Competitive advantage – cost, differentiation, or niche strategy?
This is one way how you can go about transforming a concept or idea into a viable business.