How to Properly Cost The Ingredients In Your Soap Bars

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[@ShroneJohnson]

Oh My Goodness Karen, I was just about to sit down to the daunting task of figuring out the cost for my candles and wax melts, so your video is right on time, thank you so much for this 🙏

[@christinethenewfoundlander3321]

Hi Karen, I hope everyone that soap’s appreciates all the time and money you are helping to save them. You are so kind and willing to help. You are my type of people. :)

[@alisoncrawford1181]

Thank you for sharing coatings that’s really useful. Would you consider doing a video on the assessment process?

[@kathytomesh7936]

This is very helpful. It's surprising how much raw materials and shipping have gone up.

[@LoHa13]

Hi Karen! Forgive me if you've already answered this question!!! For the lye heavy soap you forgot the olive oil in, are you going to rebatch that soap? And if you are, are you thinking about doing a video discussing rebatching? I'm assuming it's cutting into chunks, melting, adding the missing oils and then... heating it in a crock pot? I get so confused with rebatching. It would definitely be a wonderful beginners soaping video on down the line.

[@Sassycatsoapery]

Hi from Florida! Thank you for showing how to figure the cost of ingredients !

[@Sassycatsoapery]

Hi from Florida! I used your paint scraper technique to make CP coffee beans, they turned out well! And I made scoffed soap with the coffee beans as the topping decoration! It turned out great! Thank you so much for sharing your technique!

[@danystefany8812]

OMG, thank you Karen. This is amazing. You really are an angel. WINGLESS ANGEL, KAREN. This is how i will call you. You'll never guess how much you helped me. I did all wrong, till now. At least right now i know how to do it. Thank you, my wingless angel Karen💜💜💜

[@kestar2168]

Thank you for this information. Alot of people don't like to share.

[@elynaangelic4353]

Omg this is an issue I have had since I started soaping. Its the fragrance oils and micas plus labels, ink etc that get me. Thanks so much for getting this on a video, it makes things easier.🥂🤔🍫

[@stachayoung6582]

Thanks for walking us through this. It can be a little confusing. Thank you so much. I just love watching your channel.

[@L.Weiser]

Another valuable and informative video. Karen, You are so lovely to help others by sharing your knowledge and experience x

[@myiridescentlovecandleco.5399]

Hey I've just done this for my business but so glad to know I'm doing it right and can push that self doubt about it away, thankyou 😇😊💖 xxx

[@susanboshaw3083]

Love the molds. Very pretty

[@angelamathlin4617]

Thank you Karen for this Information about the costing

[@lball9975]

Thank you Karen! So practical!

[@Sassycatsoapery]

Hi from Florida! Thank you for sharing this very helpful video!

[@vernaharris181]

Awesome video...everybody needs to know this, whether they sell or its just a small hobby.

[@crazywowable]

If people are selling this is good information for them. I just love to see how you make things. I'm currently using your gingerbread man soap from christmas. It is so cute I didn't want to use it but it smells so nice, it leaves my skin so soft & smelling beautiful :)

[@Leahsluxuryaromas]

Excellent video Karen! 💛

[@jaynegodwin3412]

Brilliant video Karen,everyone needs to know this xx

[@teigantozer9865]

Karen you are an ANGEL 😍 Thankyou!

[@DebsShipley1969]

I hate doing this bit. Thank you.

[@avalontampsett5023]

Thank you for this information about costing. My soap are for friends and family.

[@71brgrqn]

Your always full of good information and tips. Thank you.

[@Peabody10]

So much useful information, thank you for sharing and helping so many people out with this. 💖

[@drazil99]

I have all my ingredients in an excel spreadsheet that I keep updated and use to figure out any recipe I make.

[@pinksophie7261]

Thanks Karen! Helps a lot!!❤️

[@emmaterry37]

Thank you Karen

[@lindarollocks527]

Thank you so much for sharing this information. At some point I want to do a pop up shop. This was very helpful

[@debbiesaulnier3101]

Thank you for sharing, very informative!!

[@Kavikwolf]

Very informative, thank you for sharing this.

[@beeyouthful1963]

I love the look of those

[@kestar2168]

Thank you for the information Karen

[@tammy5926]

Thank you! This was very helpful! 💕

[@susanboshaw3083]

Really great video. Thanks

[@emmaterry37]

Thank you for sharing

[@craftingheaven2501]

Thank you for this x

[@amandaneal1556]

Interesting. I thought quadruple before you said it. Also you need to factor in your time taken to come up with your soap ideas and make them. X

[@galaxia4709]

How is it going with sunflower oil for you Karen?

[@rachelgraham7837]

Have you done one for the wax melts at all? Thanks in advance x

[@EdensSecret1]

I’ll do one

[@rachelgraham7837]

@@EdensSecret1 thank you so much. I've found your videos really helpful and can't stop binging.on them haha all your products look amazing x

[@LadyGecko]

You're complicating things hon. Olive Oil is 7.50 for 2 kilos. 1000 grams per kilo so 7.50 / 2000 = 0.00375 per gram. You need 240 grams so 0.00375 x 240 = 0.90. So you equation would be be 7.5 / 2000 x 240 = 0.90. You're also not including your Adjusted Cost. Using an old order here it was $131.48 USD; $117.28 for the ingredients, $14.20 for Shipping. One the ingredients I purchased was 2 lbs of Shea Butter for $15.98 USD, but my actual Adjusted Cost was $17.91 USD when you factor in the cost of Shipping. So Shea Butter is $17.91 for 2 lbs, 16 oz per lb and I need 3.30 oz so my cost for that ingredient is $1.84 USD (17.91 / 32 x 3.3). You are absolutely correct when you say that doubling the cost of your ingredients as a sales price is wrong. An uncolored, unscented bar of soap costs me approximately $0.87 USD in [adjusted] ingredients. If I charge $1.75 per per bar, I will get back the cost of my ingredients, but what about the cost of packaging and labeling? And what about the cost of labor...soap doesn't just magically appear...someone has to weigh the ingredients, mix them, pour them, unmold them, cut them and package and label them. These are your Direct Costs or COGS (cost of goods sold) and now my bar 'costs' at about $2.50 so at $1.75 I'm losing money. But then there are your Indirect Costs or Expenses. This is the money you spend every month regardless of whether you sell a single bar of soap like rent, electric, water/sewer, garbage, insurance, license, phone, taxes, supplies*** and advertising/website to name just a few. *** - Supplies should not be confused with Assets. Supplies are short-term items like gloves, dish soap, paper towels...stuff that is used up within a short amount of time and/or stuff that doesn't cost a lot. Things like bowls, measuring jugs, spatulas can be listed as Tools/Equipment under Expenses. Purchases like Molds, Stick Blender, Soap Cutter/Log Splitter, Scale, Laminator. Printer/Label Printer...those are Assets are are depreciable and not included in your costs.

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