Candle Production Business Plan in Nigeria

Candle Production Business Plan in Nigeria

Our Sample Candle production business plan in Nigeria and feasibility study is up to date and can be used for grants, access bank loans and proposal writing. Furthermore,this article will be answer the following questions for you:

Also Read: Nylon Production Business Plan in Nigeria

• How to start a candle production business in Nigeria
• Raw materials for candle production
• Candle production process

To get your sample Candle Production Business Plan in Nigeria, pay N30,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, text your full name, email address and title (candle making business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Read On!

In the olden days candles were used majorly as a source of light when it was dark or in areas lacking an illumination source. Today with the invention of electricity and other sources of illumination, candles have become a product used to improve ambience and decoration as well as for religious purposes. Due to the present uses of candles, the market of the product has hardly faced a decline as they are still in high demand till date. For countries still experiencing power outages, like Nigeria and areas where they still do not have the luxury of electricity, candles are very much in use as an alternative source of illumination.

Asides the use of candles in decoration and for religious purposes, it is also used during festivals and anniversaries as well as other home hacks depending on the user. Candle production business is one that is very lucrative, fetching the entrepreneur lots of income even though the demand for the products is not as high as it was ten years ago. This is a very good way to earn some money from home if you are looking for some extra cash, you can simply produce from home and find people to purchase your products. Candle production is one business you can start with very little capital and you can be sure to reap huge returns in a very short time, not saying that it is a magical business but the ratio of profits to capital investment is quite high. This article will provide you with necessary information about the candle production process, the materials you need and the steps you should take in starting up your candle production business.

Uses of candles, reasons why you should start a candle production business

Before we continue to the crux of this article, it is very important to know what candles can be used for, this will expose us to major reasons why we should get involved in this business.

1. They serve as a source of light during power outages. As we know it several countries are still facing problems when it comes to stable electrical power supply, Nigeria is one of such countries and as such we have to seek out alternatives. Not everyone can afford to purchase generating sets or even fuel to run them. Some people still have to fall back to candles for periods when there are power outages, villages that do not electricity installed also have to fall back to candles too. Though the power outages are detrimental to the general economy of the country, they are very much advantageous to the candle producer. You can take advantage of this to grow your business, you just need to focus on areas suffering from the electricity challenge and make them your mainstay.
2. For ceremonies, festivals and religious rituals. Human beings are spiritual beings and Nigerians are regarded as one of the most religious people on the planet. Candles are use in some religions for their different rituals and prayers in temples and shrines, as a result of this, candles are so much in demand among these people. Candles are also used for traditional festivities in different localities, during the period of these festivals, the commodity has a very high demand. Special ceremonies like Valentine’s Day, Christmas, Halloween, and Easter etc. also require the use of candles. The entrepreneur can take advantage of these seasons to make some good profit from the skyrocketing demands.
3. For decoration and beautification purposes. Candles are made nowadays in different colors and sizes. These different candles are used to improve the ambience of a place especially they are made in the color that commemorates the particular celebration. These kinds of candles are used in restaurants, places of worship, halls, etc. Candles are also used to improve a person’s mood through aromatherapy, this is because asides the different colors of candles, the candles are also made with different scents. Simply whiffing the scent of the candle is believed to have a positive effect on an individual’s mood.
4. The business is not labor or capital intensive. Now this is not a use of candles but it is a major reason why you should invest your resources in the business. You do not need a fortune to start this business, you can start with about a hundred thousand naira maximum, usually the amount of capital you need largely depends on how big you want the business to be. The business also does not need you to employ too many people, this is because the candle production process is not hectic or stressful. It handled by a single person, depending on the size of the business.

The above stated reasons should have opened your eyes to the opportunities that abound in the candle production sector. You can make a huge fortune from developing yourself in this trade. Let us go on to see the candle production process.

The candle production process

Before we go into the process proper, it is important to firstly discuss the raw materials or ingredients required for the production process. They include the following:

• Wax
• Wick
• Stearic acid

Let us now take a look at each of them to briefly describe them and what they contribute to the process.

1. Wax. This is also known as candle wax or paraffin wax and it is regarded as the major ingredient required in the production of candles. In case you are wondering what the candle wax is, it is the white part of the candle that melts as the candle burns. In the olden days the kind of wax used in candle production was beeswax but with continuous research it was discovered that paraffin wax burnt better thus giving a more pronounced flame. Asides the quality of the flame, it was noticed that paraffin wax too longer to melt and also had a lower combustion affinity. These properties of paraffin wax made it a more preferred option and today there several types and qualities of paraffin wax on the market. You can get a slap of paraffin wax for as low as three thousand naira and this could be lower depending on your relationship with the seller.
2. Candle wick. There is no need to describe this too much, it is the threadlike material that runs through the candle which gives the light. A couple of people refer to the candle wick as the soul of the candle, they are not far from the truth because without the wick the candle cannot emit any light. There are several kinds of wick in the market today, the most common of them is the braided wick, and there are several sizes and colors, as a producer you choose the one which best suits the candles you produce.
3. Stearic acid. This is regarded as the fuel of the candles. It is the fatty acid usually combined with the paraffin wax to aid the burning of the candle. This acid is usually colorless and odorless and its quality will determine to a large extent how well the candle will burn. This fatty acid is saturated and it is made up of an 18-carbon chain.

Below is a summary of all the materials you will need in candle production:

1. Paraffin wax
2. White Beeswax
3. Pyramid mold
4. Watermelon fragrance oil
5. Black/Gray concentrated liquid dye
6. Red/pink concentrated liquid dye
7. Hunter green concentrated liquid dye
8. 24-ply flat braid wick
9. Mold sealer
10. Cookie sheet

Now that we have an idea of the materials needed in candle production, let us take a look at the actual process, how do you produce candles?

Depending on how big your business is, you can make the candles locally in your home or industrially with the use of machines. The candle making machine is available in markets all over the country and it costs about a hundred thousand or less to purchase. There are two major methods of producing candles, they are the pressing method and the pouring method.

Pouring method

This requires you to do the following:

1. Mix your paraffin wax and stearic acid and then heat them up sufficiently.
2. Out the candle wick in a tube you had previously prepared for the process.
3. Pour in the mixture from the first step and allow to cool and form.
4. Empty the tubes to get your candles.

Pressing method

This method is regarded as the simpler, more efficient, less stressful and faster method. All you need to do is grind all the required ingredients into powder form and press them to form the candles.

Tips in starting your candle production business

Now that you have been exposed to information regarding how to produce candles, let us see a few tips you should know before you start up your production business.

1. Conduct a feasibility study. This study will expose you to the intricacies of candle production that you need to know. It will help you to understand the production methods better, understand your market and the needs of your prospective customers. It will also teach you things you need to do to ensure that your invested efforts and capital yield maximum profit.
2. Make a decision on your product. You cannot just start making any kind of candle, you will need to figure out what kind of candles you want to produce. This decision will be largely influenced by the results of your feasibility study, as you will already have an idea of what your prospective customers want from you. When you figure this out, you can easily plan towards getting the specific raw materials needed to produce the kind of candles you have decided on.
3. Write a detailed business plan. As much as we like to waive this aspect of a business, you must know that it is actually nonnegotiable for any business that looks forward to being successful. It is the map of your business and what gives your business as shape and line of action. It will also give you the ability to seek for financial help should you get stuck at any point.
4. Gain as much knowledge about the production process as you can. Gaining knowledge is key to being successful in this business. Read up the different processes, visit practicing producers and learn from their processes, ensure you gain all the knowledge you can, this will help you broaden your reach.
5. Equip your work area. Now that you have gained adequate knowledge it is time to set up your workspace. Get a place that will be suitable for you to work, clear it out and set up all the materials and equipment you will need to start work.
6. Register with the appropriate authorities. You cannot just start producing without getting permission from the appropriate authorities else you might end facing unnecessary embarrassment someday. Asides registering with the CAC find out the other bodies that will certify your business and complete your registration with them.
7. Develop a marketing plan and effect it. The best way to make money with any business is to put the business in the face of the general public. Ensure that you employ all the methods of marketing that are available in your environment, let everyone know what you produce and that way you can be sure to grow your client base quickly.

Now that you have this information, all that is left for you is stepping out and beginning the business, you can rest assured that soon you will make some good profit from it.

Get your sample Cosmetics Business Plan in Nigeria today. To order the business plan, pay N30, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

OR

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. candle making business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

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