Can I make a living off soapmaking?
Hi, I have been making my own handmade soap for a while now and was thinking of selling my soap. When I brought my idea before a few successful entrepreneurs in my family, they said to make a living full-time off selling soap is next to impossible because the cost of soap is so low. Are they right? Should I plan on only having the business as a hobby? Thanks.
For me soapmaking provided a small secondary income that allowed me to stay at home with my kids while they were little.
I don't know if you could survive on a soapmaking income by itself. You would certainly have to streamline your process to be very assembly line like. Skipping some of the time consuming decorative features (my favorite part) would probably be essential.
I suggest making up a business plan. Decide who you are going to sell to, what types of soaps will you be selling, whats the cost to make the soap, how much can you realistically produce, etc. This should help you get to bottom line...will you make money?