oc2much@yahoo.com1. Overview
Candle-making is a simple, low-cost business with rising demand for decorative and scented candles in Nigeria.
2. Market Opportunity
- Target customers: Homes, offices, churches, gift stores.
- Trend: Decorative and scented candles are trending for events and home decor.
- Competition: Moderate, but unique designs can stand out.
3. Startup Cost Breakdown (₦)
| Item | Cost (₦) | Notes |
|---|---|---|
| Wax | 10,000 | Paraffin or soy wax |
| Fragrances & dyes | 10,000 | Multiple scents/colors |
| Molds | 5,000 | Various shapes |
| Wick & containers | 5,000 | Glass jars, tins |
| Workspace setup | 5,000 | Home kitchen or garage |
| Total Startup Cost | ₦35,000–₦50,000 |
4. How to Earn ₦50–₦100k Monthly
- Produce 200 candles/month, sell at ₦500–₦1,000 each
- Revenue: ₦100,000
- Subtract materials (~₦50k) → Net Profit: ₦50k–₦100k
- Marketing: Social media, church events, online marketplaces
5. Profit Projection
- Startup recovery: 1–2 months
- Monthly net profit: ₦50k–₦100k
- ROI: 100–200%
6. Challenges & Tips
- Challenge: Quality control → Maintain uniform candle size and fragrance.
- Tip: Offer seasonal or event-themed candles for higher demand.
7. Feasibility Verdict
High – Low startup, steady demand, simple production.
