There are some products called EEE (essential for everybody every day) products. Soap is one of them and that’s why you will never be wrong by starting a liquid soap business.
Soap has all the makings of a promising business: Consumers use it every day, it’s easy to make at home, and the ingredients are inexpensive. The formulas are flexible, so soap makers can get creative and customize their products to stand out.
Moreover, You do not need to be overly skilled to learn how to make liquid soap in the comfort of your home. So liquid soap production can be a good business idea!
RESEARCH YOURSELF
Always do your own research, no matter what someone says about a business’s success or profitability. The research costs nothing but time, which will be well spent when the business starts bringing in profits. Since you’ve never been involved in the business, it’s important to do a thorough investigation. The research should tell you what to expect and the challenges ahead.
PROVISIONS
Soap production requires a large mixing container, a stirring stick, and retail
bottles. These materials are easily found in stores, and if you’re doing it at home, you may already have them. One of the business’s pros is that the needed materials are household items you may already have. Then, get the required chemicals. They’re easy to find and inexpensive. Also, it’s important to Know the measurement of ingredients, creativity of mixing colourant and perfumes(to create your own scent and colour which will differientiate your liquid soap from others in the market)
START-UP CAPITAL
Soap production is one of the small-scale businesses you can start from your home with a very small amount of money. Everyone can get startup capital for this business, depending on the level you want to start, either small-scale or large-scale. However, you should plan on spending at least #10,000 to start up, according to Olamide Lateefat, a soap maker.
MARKETING
Start with people around you; neighbours, family, friends, colleagues or groups you belong. Introduce it to restaurants, hotels. Advertise online, use mobile marketers and even showcase it on social media sites.
Remember, the quality of your product and branding matters if you want to succeed.
