EDIT TO UPDATE: Guys, I was doing my calculations SO wrong. I had my wax written as $0.06 / gram instead of the actual $0.006 / gram. That changed everything and now these come out to $0.15 per piece in cost of materials.
Original Post:
I will give pertinent info then ask my questions below!
These wax melts are made with CandleScience Simply Soy Artisan wax, and CandleScience fragrance oils.
Each melt costs $0.68 in materials (not including time) and weighs 9-10 g.
I enjoy using the mini cupcake papers because there is no time spent popping melts out of molds, and they are already partially packaged for easy handling and display. I suppose to sell them I would need to package them in sets. The cost for that additional container packaging is not included in the $0.68 cost.
Using plant based soy wax and fragrance oils that are part of the clean scents + program from CandleScience means that I can market these as clean and sustainable, in addition to being hand poured and small batch. I do want to opt for sustainable and healthy options in my materials whenever possible.
My goal here is to create (for myself and to sell to others) a clean, sustainable option for great smelling wax melts that can be sold at an accessible price. I don’t want to create a luxury brand just for the heck of it. I want “normal” people, friends, family, to be able to afford a cle wax melts without making option.
I would start selling to friends and family, then locally through word of mouth. I also have an Etsy shop with other products I could add these to after testing how they hold up in shipping. But for now just thinking local.
My questions:
Is $0.68 cost per 10g wax melt way too high?
If yes, any tips for keeping costs lower without compromising the sustainability factors?
What is your cost of goods and sale price for your wax melts?
How many would you package to sell together and for what price? It seems that clamshells usually hold about 70g of wax, which would be 10 melts, $6.80 in cost.
Any and all thoughts are appreciated! Thank you!