chris77 Posted May 30, 2006 Share Posted May 30, 2006 I'm starting container candles and have a question about your pricing structure vs profit. When doing the formula of 4 x cost to get your selling price, are you making a profit on the container itself, or multiplying the cost of the candle itself, using the container as a means to sell the product? so if it costs 2.00 to make the candle x 4 = 8 dollars plus the cost of the container? or do you try to factor in a little more cushion to make money off of the container as well?I hope that didn't confuse you all.....thank you to all who respond!Chris Quote Link to comment Share on other sites More sharing options...
YooperCandles Posted May 30, 2006 Share Posted May 30, 2006 What I do is total all my supplies used to make the candle (including the container) then multiply that by 4. If I think those in my market will not pay that amount I will go down to x 3.5 or have even gone down to x3. If I have to go lower than that for it to be sellable, I dont sell it.HTH ~ Pam Quote Link to comment Share on other sites More sharing options...
sudsnwicks Posted May 30, 2006 Share Posted May 30, 2006 I have gone round and round with this. If I include the container into the cost when I multiply by 4, the result seems on the high side. This is especially true if the jar price goes up by a bit - when you multiply the little by 4 it changes your final amount by quite a bit. In the end I ended up multiplying the candle cost by 4 but the jar cost by a number less than 4. Quote Link to comment Share on other sites More sharing options...
cactusladycandles Posted May 30, 2006 Share Posted May 30, 2006 I just figure out how much to charge for the ingredients and then add the cost of the jar to that. My customers understand that the jar costs a fair amount of money. They don't mind paying my price for a good quality candle.I'm starting container candles and have a question about your pricing structure vs profit. When doing the formula of 4 x cost to get your selling price, are you making a profit on the container itself, or multiplying the cost of the candle itself, using the container as a means to sell the product? so if it costs 2.00 to make the candle x 4 = 8 dollars plus the cost of the container? or do you try to factor in a little more cushion to make money off of the container as well?I hope that didn't confuse you all.....thank you to all who respond!Chris Quote Link to comment Share on other sites More sharing options...
AngelaVA Posted May 30, 2006 Share Posted May 30, 2006 I add up all my costs (excluding the container) and multiply by 4. Then I add in 2x the jar cost on top of that, so that I still make a profit on the container. I also am not afraid to round the total price up a bit if that figure seems low. My cost to make a square mason container candle is rather low and I get about 5x my cost out of them. They sell well for me too, so I know I'm not overcharging. Votives and tarts are hard to get 5x the cost from. But, my area can handle higher prices and so I charge accordingly. I like to make a profit, not barely recoup my costs, lol. Quote Link to comment Share on other sites More sharing options...
RobinInOR Posted May 30, 2006 Share Posted May 30, 2006 I 2x the packaging (so the jar and label), and 4-5x the rest of the ingredients. Quote Link to comment Share on other sites More sharing options...
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