If you live in the U. S. and want to ensure that no other businesses in your area have the same name, search the United States Patent and Trademark Office’s database at http://tmsearch. uspto. gov/bin/gate. exe?f=tess&state=4805:am2gjg. 1. 1.
For instance, in Boston you will have to submit a completed business certificate form and submit it in person or by mail, along with a $65 filing fee. [3] X Research source
For instance, if you get into a contract dispute with a supplier, you will not be personally liable for any fees or charges owed to them by your company. It is easiest to file for incorporation through a lawyer, but you can save money by using books and software to do it yourself.
Registration or license fees Legal and professional fees Purchase of equipment to make and bottle essential oils Advertising and promotion for your company’s grand opening Starting inventory of essential oils Initial fees for your website and e-commerce platform
Supplies and stock of essential oils Rent and utilities, if you are opening a physical store Monthly website and e-commerce store fees Salaries, if you are hiring employees Contingency costs
For instance, you might notice that the essential oil companies you study do not sell eucalyptus oil, which could be an opportunity to fill a hole in the market.
You can also read online reviews of other essential oil companies to see what customers like and dislike about their products and service.
Distillers range in price, size, and quality, but you will likely pay at least $500 for the equipment.
If you are producing essential oils at home, a garage or basement would be the best location for this set-up.
For instance, you can choose to focus on relaxing scents like lavender and chamomile. Try to find a regular supplier for the main ingredients you use to ensure quality and consistent prices.
For instance, mint, lavender, and oregano are easy plants to grow and harvest.
Essential oils are usually packaged in small, 5–10 millilitres (0. 17–0. 34 fl oz) bottles.
If you choose to re-sell essential oils, appeal to customers by offering a wide selection of them.
To optimize your business, you should start a website even if you are opening a physical storefront to sell your essential oils.
Shopify is an example of a popular e-commerce platform that does not charge monthly or annual fees. Link directly to your store on your website.
You can a share pictures of new essential oils that your company starts manufacturing, or post pictures of different ways your customers can use essential oils.
To leave your mark, print business cards or brochures about your essential oils to distribute at these events.
As a general rule, you should charge the retailer double your cost for the items being sold.
If you open a store, you will have to factor in regular expenses such as rent, utilities, employee salaries, renovation, and store maintenance. Invest in decorating your store and creating unique displays to attract new customers.
