Soap Costing for Cold Process and Melt and Pour Soaps

[@mapleflagg7744]

Fantastic, Fantastic, Fantastic Video Dean!!!! Thank you so much for the break down on the soaping business. Besides making some of the most beautiful soaps on KZbin you reach out to help others. You Sir, are a international treasure!!! 😊

[@DeanWilson]

Glad I could help :)

[@nurseorganics1589]

That's right, I couldn't have said it any better. An international treasure!!! God bless you Dean Wilson.

[@sandymclean9630]

this is so helpful and so kind of you dean thankyou

[@samyakgandhi2791]

very generous of you.... i think you are the first one who have made video on soap costing.... thankyou...

[@DeanWilson]

Quite a few other soap makers have made videos and gone into more details, like marketing, markets and labor costs. I just wanted to make this video about the cost of items to make the soap. There are lot of others costs that you need to factor in, like packaging, labels, dye's, clays etc. Online shop also cuts into the cost along with payment gateways like Paypal. But everyone is different as some dont sell online and just go to markets but even those (most of the time) you need to pay to sell.

[@samyakgandhi2791]

Dean Wilson ..... thankyou... one year ago , after watching your first video i started making soaps ....so your creative soaps are inspiration for me.

[@samueltogun9545]

Thank you very much man for being open and honest, and every information is well detailed

[@LiLi-uy3ki]

If I could give you a thousand "Likes" I would! Excellent Video it was what I needed and the final part ... It blow my mind 💣Thanks for sharing!

[@natesha1449]

Thank you for this informative video through two years old it will help me and I will check it out👍🏽

[@DeanWilson]

Glad it was helpful!

[@galaxia4709]

Your openness is greatly appreciated!

[@donnasouthwood]

Very excited to see that soap inventory program! Great video. I was just going through that process yesterday, anticipating adjusting my prices as they haven't changed in several years. Good for people to see that to make just a basic living they'd have to make, cut, package, market, sell and ship, almost four loaves of soap (your size) per day, 7 days a week. Not including all the other costs and administrative work involved.

[@goddess8249]

Excellent Video!! I have struggled with my pricing trying to stay competitive. I realize I have to cover my costs accurately and not be concerned with others who's criteria is to always lowball pricing. If they stopped to figure out the cost they would realize they are not making much or nothing at all and also lowering the standard in the industry. Thank you Dean :)

[@KindKay]

Way cheaper than hot process with organic ingredients like clays plant coloring etc . Nice

[@madamofmedia8380]

Dean I’m literally 2 weeks into this and have watched 100’s of videos! Yours is to the point and easy to understand. Thank you for this! This helped me so. Cant wait to try your system.

[@cindyturner6591]

Wow! Love the soap inventory form!! Thanks for doing this for everyone!

[@crystaldawn8875]

This is my issue ive lost my job that gave me continual income to support my soap craft i just got started and i dont have alot of the good basic equipment i need but i continue to try to do this i live out in the country is there a way i can deliver from my door to my customers i need pointers on this so much!! This video is so useful im downloading this as a reference..i think i need to scale down my high top fance embedded designs for a more beautiful simple bar of soap for sure! Thanks Dean your a true Gem Sir💎🤗

[@tiffanyfelkner8995]

Thank you for the info, Dean. I look forward to your software/online database. Very generous of you on the free usage! Your videos are always a joy to watch.

[@suzzette1980]

Thank you for this video!

[@katinalaukhuf-grimm4866]

I love your labels

[@DeanWilson]

Thanks very much, they have changed now as the old labels fell off was the soap cured more.

[@FairyofSarcasm]

Loved this video. It'll be good if word got out about properly pricing soaps. I saw soaps for $3 AUD on Etsy and got sad people don't value their time or supplies. Well done on the Soap inventory. Database based forms yesss. Here I was utilising my old year 10 Excel spreadsheet knowledge like a chump.

[@jellyjamzxo]

Thank you for being so open and sharing this information 💕

[@Smoochy2332]

I am so excited about the soap inventory!!! I hate programs that are desktop bound as I bounce back and forth between stock at the house and down at the shop. I do everything on my phone or tablet so this would be something I would for sure use and could toss out the 2 program system I have now.

[@gperks37]

ok, thanks for that, I will look up that video,

[@DeanWilson]

kzbin.info/www/bejne/hafQioRrj9OGoMk

[@GoddessSupremacy]

Great Video!

[@oliveholder7549]

That's so cool Dean. The cost inventory calculator would be so helpful too.

[@betsymcgovern4204]

You are so helpful, I am not going into business, but I do make soap for a lot of people. I also make and donate to the church. I have enjoyed so much watching your videos. Thanks Dean for sharing everything With the newbies and the experience soaper. This new program you have come up with, will be a god send to a lot of people.

[@lindapiccotti3311]

Dean, you're wonderful! Thank you.

[@afo21258]

Wow Dean. Great great video. This helps a lot. And can't' wait to see your new program. You ROCK!

[@aleksandrajemirifo6181]

Yeah Dean you totally ROCK!

[@Jess90J]

Thank you so much for this!!!!

[@tanyanesher4335]

Dean, you are avery good person! Thank God for your life. Blessings from Brazil!

[@mrsrandazzo13]

Thank you for sharing.

[@coypu2005]

Excellent video! Thank you for the breakdown! Your SoapInventory sounds sweet!

[@happynhealthywithyna1396]

That's awesome!!!!! Can't wait to see everything!!!!!

[@ny2nc1969]

I watch all your videos and have learned a lot, I can't wait for the soap inventory to come out!!!

[@manikandank-iw2cv]

Really nice video

[@teriosmon4174]

Dean, you are such a nice person to share this knowledge and to create that website!! I know what it takes to do that as I'm in the industry. You are an inspiration to us all!!

[@DeanWilson]

Thanks Teri, I just hope people like it :)

[@starryknightJAK]

Brilliant! I can't wait to see your website.

[@mariangelfrench4069]

thank you for all the information you give! it helps so much! I appreciate you Dean

[@archna_al]

Dean ,you are the best! Already been inspired by you, and you keep surprising us with your selflessness again. 💗💗💗💗

[@phylliscruz8483]

Thank you for the lesson, much appreciated, can't wait to see and try the program when its up.

[@carlynbarrow7967]

Dean, thank you so much for breaking this down! I am an amateur soaper in the US, and I love the idea of soapinventory.com. This pricing breakdown is REALLY helpful too. Thanks for all you're doing for us soapers, mate!

[@DeanWilson]

Just keep in mind this was for the soap itself. Not equipment or time spent making the soap.

[@bradrehbein4032]

Not counting time and effort to Dean..The inventory system sounds awesome mate

[@3PairDesigns]

Dean, you amaze me. Although math was not my best subject in school, I am a bit of a numbers geek so I eat this stuff up. I was not aware of the wholesale vs. retail "formula", meaning I have seen many different numbers. So you breaking it down like this with that formula it is an excellent base to use. As always, love your videos and am a huge fan, lol! Thanks so much and when it is ready, would love to see your new site and happily support your efforts! 😉👍

[@JessicaB81]

Thank you for this!!!

[@DeanWilson]

You're so welcome!

[@patmog1415]

Thanks for share it, so important who begins in this industry. Greetings from Ecuador

[@evehsv5556]

Great video Dean very generous of you. Look forward to the vid on inventory excellent mate.

[@toysvoice]

Great video. I'm personally not looking to sell soaps. I only plan on making them for my household but this is still very interesting and informative.

[@DeanWilson]

Glad it was helpful!

[@JannieMette]

Thank you so much for this! Gave me all i searched for 🌸🙏

[@lisaowen2930]

I just love your videos Dean. I don’t think selling my homemade soaps will ever be anything other than a dream but I still enjoyed your video.

[@DeanWilson]

Thanks Lisa. I hope to have move videos once I move this year. Infact more videos and give aways too. :)

[@lisaowen2930]

Dean Wilson that’s great Dean. Something to look forward to!

[@mcfamily5162]

I am actually REALLY excited about the SoapInventory release. Great idea. Thank you :)

[@nicolerussell7939]

Very informative as always. I definitely look forward to seeing your new system in action!

[@DeanWilson]

Thank you. Just keep an eye out on my facebook page or www.soapinventory.com

[@hedgerow.homestead]

That system looks great. For the breakdown, more things to consider include cost of insurance, cost of renting your workspace (if applicable), utilities, equipment maintenance or replacement, and packaging. All of these should be considered when figuring out the price point at which you can sell your product to sustain and grow your business.

[@DeanWilson]

Yes very true. Infact there is so many factors to consider when pricing your product. What I wanted to do in this video was just work out a basic price for the ingredients of the soap made. Everyone is different, some have a workspace, others use a kitchen, some have a few bits of equipment - some have too many to count.

[@hotchicsf]

Wonderful information. Looking forward to the new website.

[@VirginijaZ]

thank you for the video! Great, looking forward to hearing more from you!

[@catherinebridges3695]

Great video. We all need this kind of info. 👍👍👍👍👍👍👍

[@OnlyinUrMind]

Wow, This video is great. You are so helpful. Im new to making soap and im really enjoying it. I'm hoping maybe I would sell it one day so your video was great. All your videos are. Thanks for sharing!

[@DeanWilson]

Also keep in mind this only covers what "I" pay for my ingredients. It doesn't take into account shipping and labor costs, rent, electricity etc.

[@Misssha123]

Dean Wilson so i add those as well to the price?

[@rodmotzko]

Thanks for the breakdown. Very helpful!

[@tanyajackson8973]

The info was great. I use a downloaded software so a web based one would be awesome. Thanks so much for sharing 😘

[@juleejames9977]

Thanks for the info - very interesting. Can't wait to see your soap app!

[@DeanWilson]

It will be at www.soapinventory.com :) It's about 1-2 weeks away.

[@ts-qc8nu]

WHEW thank you for this video. I was worried that I was figuring out my costs wrong but I am doing it exactly in the same way you have shown here. Sadly though I am not able to purchase in bulk so my bars are rather costly, at least for now anyway.

[@khalifleur]

Very Informative. Thank you for making this video and I look forward to the launch of your website.

[@ushafernandez3668]

Extremely helpful. Awesome

[@normaipacheco5209]

Thank you so much for share this information with us .

[@MyFamilyGathering]

Brilliant. So extremely helpful. Thankyou for sharing your knowledge and expertise. We are very grateful. we are just on the learning curve. Nio.

[@DeanWilson]

Just keep it mind this only covers MY experience and there are things missing from the final cost. Like wrapping, shipping from suppliers, your time etc.

[@sarah-jayne23]

Thank you Dean, this was extremely helpful. Sarah 😊

[@DeanWilson]

Awesome :)

[@christinabutts32]

Nice..thank u

[@htlwtnswhtlwtnsw5170]

Awesome video! Thank You.

[@missopt2mistik]

Thank you very much! I really appreciate you sharing this wonderful information with us.

[@sarahachorn4988]

Great explanation! Thank you

[@karlp5007]

Thanks so much for the information Dean

[@BabyAng3l65]

Not in for the win, but just want to say they are awesome.

[@Artiefrog]

Great video thank you for sharing this

[@maxibake9323]

This is a great informative video Dean. Thankyou. To make any kind off profit, I might have to commandeer the kitchen, not easy with a hubby that brews Ale there. LOL. Take care & have a Great Weekend. ❤🙂🐶

[@FlorDJames]

Nice website and beautiful video

[@greenlistbyiryna]

Thank you very much! I study a lot from you!

[@nellyzumbadohernandez2909]

Thank you very much for the information.

[@lornashandmadesoaps7034]

Thanks

[@AngeliqueTraveler]

Great stuff.

[@samyakgandhi2791]

Thank You...

[@gsigningsignin7198]

thank you thank you, this helps

[@CardsbyMaaike]

i broke down all the prices in excel so I know what a bar would cost if i did it right ;-) cos i;m not sure seems more expensive than anticipated, esp with some fragances being much stronger than others and colors too. I thought I would always use the same amounts, but nope...the soap inventory looks fabulous, must be a lot of work, but i;m sure it will be super handy

[@DeanWilson]

Maaike Uijthoven thank you. You you can checkout Sentinel Soap on Facebook for more details ;)

[@organisedann884]

But you haven't included your time, packaging, things like gloves and any other disposable thing you use per loaf. if you did how would that impact your margins?

[@DeanWilson]

Not sure, when I make soap I make a lot of soap at one time so I would not count gloves. However my packaging box is $0.30 extra. But in this video I was only working out what the cost to make the soap, not advertising, equipment or packaging costs. Just the soap itself.

[@JannieMette]

Catriona Aldridge Why would anybody work for free? 😉 Its is very simple- if you run a business that can’t pay you a salary - min. $13,- pr. Hour. Then it’s not a healthy business. Generating a profit in your first year as a company, after significantly more outlay than following years should require, can't be expected. But business should already after year 3 be able too provide you with a MINIMUM salary that says 40 x $13 * 4,33 = $2251,60,- monthly 2251,50 * 12 = $27.019,20,- annual. (Before tax ect).

[@catrionaaldridge654]

@@JannieMette You are actully right .I started a business course 9 weeks ago to help with all that side of it .And it seems as though the advice I got was't right .Not sure what my friends thinking was behind that .But looking bk from what I know now .It was't good advice . 😊

[@margaritaherrera9151]

@@catrionaaldridge654 It doesn't matter what you make to sell, If you do not charge for your time you are working for free. I have a business that require me to drive. My way of calculating is: I am only willing to drive up to 30 min. without charging. IF it takes me longer than that to get to a client I charge additional to cover for my time and gas. They don't know that because I added into my per hour time. I also have a P.T. business making soap and do something similar. Follow the formula on video+shipping and handling + packaging + my time (depending how much your time is worth). My soaps sell for $8 all the way up $12, they weight 3-4oz. I sell enough orders from repeat customers that my profit pays me at $30 per hour. My take home sometimes is over 30k+ year, this includes if I work full days on weekends. My full work day is 6 hrs. Sometimes my children help and get paid handsomely, I pay them per piece and I can reach way over 50k yr profit. This coming year I expect to exceed 74k profit.

[@veenayogishwar6678]

Thanks Dean for the clear information on costing. Will be waiting to learn from the soap inventory.com. Thanks a lot.

[@ssc4153]

Would definetly use soap inventory.com! How exciting...can't wait!

[@sierralarars]

I don't have a use for any of this information but it is very interesting! Thanks for sharing!

[@dianestewart7917]

Really???

[@orouba14]

Ty needed that info

[@Ra1276]

Soap is beautiful

[@sutapachowdhury]

I have just started making soaps and watch all your videos for inspiration :) This video, is so helpful for newbies like me :) Thank you so so much.... keep making lovely soaps, keep inspiring others, and have fun !

[@lovelather9012]

DEAN!!!! THAT SOAP INVENTORY!!! I am SO excited to learn more about this, you have no idea!! Thank you, thank you, thank you! Does it track pricing as well??

[@DeanWilson]

Love Lather if you check out my Facebook page for Sentinel soap I have some screenshots where it shows more detail. I will have a demo video soon.

[@coypu2005]

Unrelated, but what would you say is your favorite soap creation to date?? I mean the style, the scent all rolled into perfection?

[@DeanWilson]

For CP? I would have to say Fruity Berry is really nice. Love those colors and the poppy seeds worked great. Recipe was really good too.

[@danaecarriere8212]

Wow Dean, Thank You! 😊 As a newbie soap maker, I have already learned so much from your videos. You are a terrific teacher, and a wonderful soap artist. I decided to start with m&p, since I'd worked with that 20 yrs ago, and seemed less intimidating than CP- but the amazing creations CP allows for really draw my interest as an artist. This breakdown ( & your amazing new website) really helps to clear up the costs of things. I see that you also started w/ MP, and moved to CP. I notice locally that one soap seems to sell more than others. How is it online? (As in, does the CP sell better? Or M&P?) - I will leave that question open to anyone willing to answer. If anyone wants to chime in on which type sells best in their location- that would be great too. Again, THANK YOU Dean- for being a huge inspiration & for sharing your knowledge. 🦋

[@DeanWilson]

Thanks Danae, I have been selling M&P soaps for over 2 years now and they have sold really well (not to make a living)... I have only just started selling my CP soaps on the 1st september so I don't know how they will sell but im hoping just as good.

[@danaecarriere8212]

+Dean Wilson (SentinelSoap) Well, I wish you much success in this new area then. 😊 Thanks for taking the time to reply.

[@parrissjones8902]

Omg thank you!!!

[@DeanWilson]

Your welcome :)

[@louiselill1528]

Good to see you back my town is small so I can't sell but never mind I still like making it Thank you for the video wish I lived somewhere I could sell soap x

[@DeanWilson]

Can you sell online?

[@BabyAng3l65]

thank you for sharing this.

[@khurrambinkamal]

Dean you are awesome and this is an awesome video I have been working on M&P soaps and just inquiring that why 1 kg loaf is around 13 to 14 dollar that is very expensive I am getting the loaf both clear and white goat milk at 2.2 to 3.5 US $ per kg depending upon the quantity

[@DeanWilson]

Thank You. It's just the prices in Australia.

[@marilynedwards9938]

I would gladly spend $5+ on your soap. I think your soaps are amazing

[@shirinmamujee1780]

Thank you for sharing this information. I have been trying to figure out how to price. Not sure if you have the inventory form yet, it is a brilliant idea and would love to see it.

[@DeanWilson]

My Inventory software is online. Visit - www.soapinventory.com

[@cathyanndrakes5722]

Can you explain the last calculation bars per year

[@nowexit]

Wouldn't it be great if we could add our 'labour' into the costings. We'd all be millionaires.

[@DeanWilson]

Your right. It's funny because I don't even add my labour into the soaps. I don't think I would have too many people buying my soaps at $25 each :)

[@weberhomestead]

Dean, I look forward to your web program. Do you have a list we can join so we know when the pre-launch and launch is scheduled? Are you looking for beta testers? Great stuff! Love your videos. Tina

[@scentlybox594]

Thank you so much for the video!!!! When will the program be available?

[@DeanWilson]

I'm currently beta testing with about 100 people. Im hoping within 1-2 weeks it can be online for everyone. You can join my facebook group. Search for "soap inventory" group :)

[@malalunaturalcosmetic5373]

Hi,in fragance oil of MP you write 35.46/520 what is 520? Thank you.

[@DeanWilson]

520 = 520 ml of fragrance. This is how my supplier sells them.

[@malalunaturalcosmetic5373]

@@DeanWilson thank you so much

[@yayacoleman9659]

Where did the 520 come in with fragrance? I’m stuck on that part of my calculation since its not a bulk size

[@DeanWilson]

520 ml is the bottle size.