How to figure out your cost of soap.

[@1gr8lpta]

You always give your knowledge so freely. So many soapers won't share their knowledge

[@805Soap]

Thank you for watching Jenifer!

[@silvertree2189]

Very informative...I'm just starting off as a hobby so this is great!

[@dianestewart7917]

Silvertree 21, can't wait to try this for a hobby/therapy/craft shows, etc.

[@ruefeee]

Your so kind, thanks a bunch

[@nomadbound9610]

We will but so many people don't want our knowledge that took us years of trial and error. They want our recipes to the products we sell. That took years upon years of trial and error and money. I consider myself lucky. I learnt from my grandfather who had been making tallow, olive oil, and goat milk soap his whole life. No telling how long that recipe has been in the family.

[@ahensley05]

Thank you for this! I am just starting my soap making business and this has helped me so much

[@3PairDesigns]

Louise, one of the things I appreciate about you, well the you we get to see and hear, lol!, is that your are very generous with your time and knowledge. I did this exact exercise when I decided this could be a business, and you couldn't be more right, buying power gives you greater leverage every time. Paying attention to everything and knowing your costs are vital, otherwise you may have just a fun, but expensive hobby! Thank you as always,😊.

[@805Soap]

Thanks for watching. Buying is the key in any business.

[@AnnaGapit]

@@805Soap zc s uy bo 9 999 mn jv

[@GertD7StarMtrxAlchem]

Thank you for sharing I am new to my making soap The inventory is what got me. A person said she would help me but she always says but never means what she says I appreciate you sharing your precious knowledge. I feel like I am going to learn so much from you. And per pound of teaspoon thank you. And like you said I do not need too much additives. 😊🙏

[@davonb.4510]

Thank you for 'breaking it down' for us newbies. Your tips are greatly appreciated. Regards

[@shirleypinder6750]

Thanks so much I now starting off making soap I was happy to see this I does pay $50 a pound for my soap base I live in the Caribbean I can't thank you enough

[@justtiff3424]

Excellent information tutorial

[@kellybennett9240]

AMAZINGLY INFORMATIVE VIDEO!! Thank you so much for doing this tutorial that I appreciate so much!! I’m grateful to you for taking the time to put this together for non-accountants such as myself!

[@805Soap]

Hi Kelly, Thanks for watching

[@lis7252]

This has been super helpful, THANK YOU!!!!! 🧡

[@Sticle]

You are a wonderful person. I only have compliments on all your videos. I just want to say thank you for the effort you put in making all your videos!

[@805Soap]

Thank you Ruxandra for watching, your kind words made my day!

[@WhoelsebutStephanie]

I LOVE this break down! Thank you!

[@KingdomLife]

I haven't seen any vendors that give additional discounts when I buy more. Also, this put some things into perspective for me packaging wise. I compare sites and weigh out options and look for sales.

[@dantebuan7946]

Thank you for the lessons on Cost accounting. There's a lot of things to know.... so far it is not yet the true cost. We have to factor in Utility Expenses and other incidental expenses.. God bless you for sharing this information.

[@toyawrightmichael8036]

Thanks so much for the information you shared! It’s very true how you broke down the expense of it all. Thank you again, I learned a lot and I followed your advice when I order my supplies..

[@805Soap]

Thanks for watching, come join our fb group.

[@jmac0308]

Thank you for sharing your knowledge, you've been so generous.

[@moonshadowessentialssoapsn5287]

My soap base I luv bramble berry but for fragrance I use aromatics apothecary. They r $2.50 per once or $4.25 for 4 oz and $7.25 for 8 oz there stuff is amazing for soap and candles!!! All there fragrances are the same price shipping is dirt cheap and u get it fast! Ppl go crazy over my fragrances especially my candles!

[@shirinmamujee1780]

Thank you for sharing this information. This has really helped me to think from a business prospective. 👍😊

[@bubizbubbles8771]

Thank you. This was great! I appreciate the breakdown!

[@nomadbound9610]

keep in mind this isnt factoring in if you make soap with expensive oils and butters like jojoba and cocao I made a excel sheet similar to this. my first page has all my supplies and where and cost per oz, my second sheet has cost per bar breakdown and wholesale and resale price. the third sheet has my recipes and the formulas go across the excel sheets so all i have to do is plug in my ounces i purchase, price of purchase and it does all the math on everything. and my recipe sheet all you have to do is plug in you oil weight and it will use the soponification factor and do math. including the results for super fating. its my solution to soap calc and bramble berry calc always getting my lye amount wrong.

[@OnlyinUrMind]

Great video. Thank you. I'm new to making soap. I really enjoy it and hoping to sell one day. So this video was so informative. 😉

[@pfallf5935]

Thank you for this great video. Where can I find the base soap company 30 lbs for 89.95 ? THANK YOU!!!

[@FREEBiRD-HS]

This was very informative. You are very good with costs and also teaching. I’m a newbie at soaping and can forsee a hobby becoming a business. I now better understand factoring in all things except time/labor. How exactly would that be done in soaping throughout the packaging say using your time being worth &15/hour or is it unreasonable to factor it in this way? Is there a general $amount to use to factory tune & labor? Thanks so much.

[@celestialchaoscustomsoaps2653]

I'm very very bad at math😕I really needed to watch this, thanx

[@mahealaniw]

Wow! I learned alot on that thank you! I'm so thankful I stumbled on your video.

[@gweneverebest7199]

Thank you for this formula. Now i can see exactly what it is costing me to make a bar of soap .I am fairly new at this and i want to do this as a full time business. I would like to know how do you figure out how much do you figure your cost if the customer wants to buy a 2pound or 3 pound block? because I am not quite how much to charge for a 2 lb or 3lb block. thanks for your help. I have subscribed to your channel and you have really inspired me.

[@805Soap]

Hi Gwen, come join our fb group. It would be wise to figure out the cost and double it.

[@BG-me1xl]

Hi Louise, I thank you for being so open and transparent sharing all your acknowledgment. I have searched and watched a lot videos in KZbin and I even paid for a online classes, but you are the only one who answered all my question that I have on my head, funny but true. In others words you are telling us all what we need to know to start this business.👍I am single mother and my daughter just started the college, so I am trying to get an extra income. So, the question that I have by now is: Do we need to get Insurance for our business, for the products. For example, if somebody get hurts or a simple sue,etc. And, if that the case Should we add it to the cost of our products? Thank you.😊

[@805Soap]

Yes, get insurance before you sell to the public. Insurance is a fixed cost like car insurance if you have a car in your business, you will also need a business license contact your local city hall for information about setting up a business. Thank you for your kind words, it's sad that more cant be transparent in this business it's not a secret and anyone can do it and make money if you want it. Good luck in your journey, come join my forum on fb, tons of files to help you and also over 5,000 members look at our photos for inspiration, we also have wonderful admins to help with questions. I am in the group daily. Louise

[@BG-me1xl]

Thank you so much for the advice. I’ll look into that.

[@805Soap]

@@BG-me1xl I get my soap insurance from wholesale supplies plus it's very reasonable for what you get. Good luck

[@BG-me1xl]

805Soap Thanks! Sorry, I was searching already. What exactly you mean with Business License. I’m in the state of New Jersey, so I’m guessing I need a license from the state? For Soap Business?

[@ravenlunatic7026]

Excellent information...thanks!

[@jenisegerman8606]

this was very imformative.thank you

[@Askmonday]

so happy I stumbled across your videos thank you

[@BodyCareBoutique]

Great info. that will help newbies especially, kudos sweetie!

[@805Soap]

Thanks Mel, hope to see your video soon!!! LOL

[@MoniqueAgar]

This was so helpful. Thank you so much!

[@805Soap]

Thanks for watching!

[@supremelysoigne]

You're good! 🙌🙌💪💪 Thank you for this HIGHLY informative video!

[@AnoushBotanical]

Buying BIG is the only way and the math always exposes the truth... spreadsheets are business owners' best friend. ~ Excel!

[@805Soap]

I am keeping it simply for the new soap makers I agree excel is the way to go buying is the key in any business. Thanks for watching.

[@gnviev]

AnoushBotanical thank you so much 😊🌺

[@vivianbrooks9324]

Thank you your very helpful

[@EgyptParis]

I can’t thank you enough for these videos🙏🌼❤️🌹

[@revatig7675]

Thanks for explaining everything so clearly, great info!!

[@805Soap]

Thank you.

[@akavienne]

I really only watched this video because I saw that outrageously high price for a pound of soap base. Seriously, everyone should do some price comparison and research about quality and performance instead of just ordering from the first vendor that you find. [Note: this is a general statement and you did cover it in the video] There is one thing I noticed you didn't talk about in figuring cost -- paying yourself. While you might not actually take any money out at the beginning because you are putting all your profits back into buying product so you can expand (where I'm currently at), you should still have it calculated into the cost so that you actually can do so. Or that you can hire some help if you need it and still make a profit. It takes time to make, market, package and ship the soap or any product/service you are selling.

[@805Soap]

I totally agree with you. Figuring out cost of soap is very important and once you get your sales up you will of course make more money which is profit so you can pay yourself. It takes time but for the average soap maker who just starts out they are buying very small quantities and these price examples are true numbers pulled off a vendor website....so it can & does happen to the beginner soap maker. One other mistake is to carry too much inventory which will not produce a profit unless sales are up. Thanks for sharing. Louise

[@IamTraceyTracey]

another great video Louise!

[@805Soap]

Thanks for watching Tracey!

[@cindyn8994]

So is 10 pounds of base at $32 a pound a good price?

[@therebirth2008]

Hello is there any forum other than Facebook that I may join? Is there one on Instagram?

[@HIKATHY777]

April 26 2021 😘💖

[@NerdGirlHere]

Hi! i love your videos! they are so helpful. I was wondering if you could make a video on Shipping. Like what websites you use to calculate shipping costs per package and to print the labels. (example like; Stamps.com) etc. Im thinking about bringing my business online but Im not sure what websites are good to start out with. Also what would be a good place to get in bulk shipping boxes from. Thanks!

[@sl4983]

Yes those small fragrances are expensive. I'm not sure how else to try them out though

[@elainemorris9448]

I agree

[@charnellroyal975]

Thank you

[@icecreamladydriver1606]

You said that a pound of soap base is 3.95 per lb. It sounds to me like melt and pour. I would like to do the oils and lye, have done a video on making it and pricing it this way? Thanks.

[@805Soap]

Yes this is glycerin soap (melt & pour). There is a wonderful program for cold process soapmaking online it's called Soapmaker3 software, some of the soap vendors sell it online also so check prices, it's a great program I did a video on it look in my videos try to watch it first. Thanks for watching.

[@celestialchaoscustomsoaps2653]

what is a fair percentage of shipping to charge on a cost of s&h of 40$

[@thatcrazycat902]

Thank you. This video was very informative. :)

[@805Soap]

Thank you for watching, come join our fb group.

[@susanm3505]

Thank you! Very helpful! :)

[@DeeFromTheD]

hi, do you have to store the soap base in the fridge?

[@805Soap]

No, you can store it in boxes or leave it in the packaging that you bought it in..make sure it's covered up so it doesn't sweat or get glycerin dew. Thanks for watching.

[@DeeFromTheD]

THANKYOU

[@sandraand6690]

Which vendor has free shipping? so far I've only purchased from Bramble Berry & Nurture Soap. I have been purchasing my supplies to get started, but still have many more thing to buy. Thanks for this lesson, I have so much to learn and accounting is Not my strength, I have to learn to calculate my cost in buying and selling. Thank you so much. Also, can you please speak about buying fragrances and Essential oils? I have a hard time choosing which ones to purchase, is it wise to sample them first? I should know the answer to this question myself, but I want to hear your opinion and is Essential Depot worth trying? I don't see many reviews on that company, with the exception, from one person only.

[@805Soap]

If you go to our forum look in the files for vendors, but compare prices it's not always cheaper with free shipping. There is a lot of math to do when purchasing supplies. Start making a wish list with the companies you do business with, then when they have a sale you have it already to place an order & save money. Look for vendors close to where you live you will save on shipping, also look in stores to buy products vs online, thrift stores,craft stores are great for molds. Wishing you the best of luck in your journey.

[@sandraand6690]

ok thanks.

[@Deethelovelycook]

Where the link?

[@Godsdaughter530]

can you please tell me where to buy my bases and oils I paid 20 dollars for 2 pounds Im brand new to this

[@805Soap]

Come join our facebook group, the link is above. look in our files for soap vendors or google soap vendors closet to you, this will help with shipping cost. Some vendors ship for free. Thanks for watching. hope to see you in the group.

[@margaritaespinoza1745]

you did not add the equipment

[@elizabethcury1179]

thank you very much.

[@805Soap]

Thanks for watching.

[@veronicawilliams2612]

Opening my eyes this make sense don't cheat yourself thanks I got to find a name and price.

[@helenehenkel]

Very informative

[@deniselynn7944]

Wow good prices for supplies but most sell 5-6 oz but are charging more too but this is a helpful...thanks

[@silvertree2189]

Yes, pls make more videos! Very informative

[@805Soap]

Thanks for watching, I'm really trying to make more videos. Anything you would like me to do? leave me a message.

[@rickcoona]

Great Video by the way sound like you are using "Melt & Pour" soap base.... Not realy MAKING soap but MOLDING soap but if it works for you, more power to ya! --Rick

[@hypegaming1497]

NOT THIS SOAP! I meant the Scottish soap