Make a lot of money selling something as small as a lip balm!
You recently lost your job and have been applying all over the city for weeks or months trying to find an even better job than your last. Slowly, reality kicks in and you start looking for any job, even one you hate, with the sole intention of finding something to help you pay the bills. As the situation becomes more and more frustrating, little by little you start looking for creative ways to earn money from home. Start by looking for something with ease of entry and a great advantage. Consider moving houses and selling items on eBay. Do some research and soon discover that you are not alone. Literally thousands of people are in your place and looking at those companies that they have seen or heard of success stories. You know the … the little old lady who made thousands selling baby hats she found at a garage sale or the 18-year-old who made 150k by overturning her first house. However, the reality is that the vast majority of eBay sellers or home fans are not making the money they thought possible. In fact, most of them earn very little, if anything, because the competition is fierce and the experts take most of the profit pie. That brings you to this article!
In an economy like the one we live in today, creativity is essential. Get Rich Quick Schemes that really work are rare at best. Getting ahead in today’s economy takes creativity, a good business plan, and the will to make it work. Our answer … LIP BALM! You hear names like Chapstick and Burts Bees and your mind immediately turns to the stick that hydrates your lips and fits comfortably in your pocket. The average person never considers the huge profits that can be made from such a small item, but in this article we intend to open your eyes. We intend to outline a number of basic ideas that can turn that little stick into huge profits. Please note that all of the ideas below are based on purchasing bulk or custom lip balms from a company like Bulk Apothecary or any of the other dozens of lip balm manufacturers in the US.
1. A great way to succeed in the lip market is to create your own custom lip balm line and market it the same way as Burts Bees or Chapstick. Burts Bees is the classic example of how someone turned a small idea into big profits. They started slowly with the simple peppermint balm you know and love. They started selling it all over the city. Slowly, they built a loyal following, and eventually, with a few additional sku, they had a business worth more than $ 900 million (based on the purchase price of Clorox a couple of years ago). Not bad for something that gained momentum with a lip balm stick. Now while this is the dream scenario, there are thousands of companies doing the same thing on a smaller scale and making a fantastic living. All you need is a good idea, a nice label, and you’re in business. Head to the smaller retailers and try to get them to buy your newly formed product line. After all, this is how thousands of people start their own product line and it is a simple recipe for success.
2. Another great way is to buy unlabeled lip balm on the web and start your own wedding or party gift business. Currently, you can buy unlabeled products from companies like Bulk Apothecary for 0.28 per unit. Pick up a small amount of inventory, get a good printer and some printable labels from an office supply store, and it’s open to the public. Most custom lip balms are sold online for between 0.60 per unit and 2.00 per unit. A considerable benefit for something with such a low initial cost and ease of entry. Not to mention, advertising on Facebook or other social media sites is all you need to really build a successful business. Also, since most people will buy 100 to 500 pieces at a time, volumes can add up quickly. Also the earnings!
3. The last way may seem like the craziest of all. Market yourself online as a distributor or manufacturer of lip balms and sell them to other companies looking to make money selling your product. Companies like Bulk Apothecary sell their lip balm unlabeled for as little as .19 a unit in very large quantities. There are thousands of clients who use lip balm for all kinds of reasons. Whether they have their own brand, a small custom lip balm website, or even they are a private label manufacturer, but they don’t have the equipment to make their own lip balm. Whatever the case, at .19 per unit there is plenty of room to buy in bulk and promote yourself as a great distributor / maker of these tiny money making clubs.
The ideas listed above are just a few ideas to stimulate your creativity. There are countless ways to make money with something as small and inexpensive as a Chap Stick and all it takes is a little ingenuity and a little hard work. With a little luck, you could be the next lip balm mega-winner. The only thing to keep in mind is trying to do something that most people don’t think about. Moving houses may seem more glamorous, but trust me, you can make more money from lip balm if you find your niche.
Danny Pellegrino is the Vice President of Bulk Apothecary and a veteran of the custom lipstick industry. We currently carry private label lip balms for some of the biggest names in the industry and we pride ourselves on offering the best quality and prices anywhere.