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As aromatherapy grows more popular, starting an essential oil business can be a creative and rewarding endeavour! If you’re new to running a business, you might have a ton of questions but we’re here to help! Set up a company to make and sell your own oils, or purchase them wholesale to resell. Create an attractive website and various social media profiles, which will help you promote and grow your business. Sell your essential oils online, at community events, or in stores.

1

Choose a name for your essential oil company.

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3

Incorporate your essential oil business.

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  1. To protect yourself from personal liability with regard to your business’ debts and agreements, incorporate the company. Call or email your state office to get specific instructions for how to apply for incorporation.[4]
    • 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.
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4

Calculate your start-up costs.

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  1. To calculate your start-up costs, take into account all of the one-time expenses you will incur when starting your essential oil business. Start-up costs, which will tell you the minimum amount of capital you will need to raise or borrow to open your business, could include:[5]
    • 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
5

Work out your recurring operating costs.

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  1. These operating expenses should be overestimated to make sure that you budget sufficiently for the future. Recurring operating costs will include:[6]
    • 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
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6

Study other essential oil businesses to understand the market.

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  1. In order to structure your business and set prices, observe other successful essential oil businesses online or in your area. Draw inspiration from these companies and identify any holes in the market that your own essential oil business can fill.[7]
    • 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.
7

Observe the advertising techniques of your competitors.

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  1. Compare who they’re targeting and where they’re advertising. Study competitor websites and their search engine rankings to see how you should target your advertising approach. You should also check paid search results for essential oil companies to see if it's a worthwhile investment for your company. Look for your competitors on social media platforms like Facebook, Instagram, and Twitter to see how they are marketing themselves.[8]
    • You can also read online reviews of other essential oil companies to see what customers like and dislike about their products and service.
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10

Choose what essential oils you will make for your product line.

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  1. Decide what scents you want to be a part of your product line and start looking for suppliers at local markets or farms. You can also choose to make unique blends of different ingredients.[10]
    • 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.
16

Choose an e-commerce platform to sell your oils online.

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17

Make social media accounts for your store.

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18

Sell your oils at community events to build a client base.

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  1. Take your oils to a local event to advertise your business, talk up your products, and get new customers. Sign up as a vendor at such events and bring essential oils to sell, as well as sample bottles for new customers to test out. Encourage people to visit your website or social media pages for more information.
    • To leave your mark, print business cards or brochures about your essential oils to distribute at these events.
19

Sell to retail stores that carry similar products.

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  1. Research stores that carry essential oils or other natural products and contact them about the possibility of selling your oils. If possible, find out the name of the store buyer or department manager to make sure that you deal with them directly, which will up your chances of making a deal. Once a retailer agrees to carry your product line, accept their payment by credit card or give them 30 days to send a check for the order.
    • As a general rule, you should charge the retailer double your cost for the items being sold.
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20

Open your own store if you have a very large product line.

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  1. If you succeed at selling your essential oils online or at events, invest in opening your own store. Hire employees who can learn about and promote each product of your essential oil line to make sales. [14]
    • 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.

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About This Article

Michelle Arbeau
Co-authored by:
CEO of Authentic You Media and Eleven Eleven Productions
This article was co-authored by Michelle Arbeau. Michelle Arbeau is a Numerologist & Life Strategist, and the CEO of Authentic You Media and Eleven Eleven Productions. She’s based in West Hollywood, California. With over 20 years of experience, she specializes in numerology, mediumship, and business advice. In 2015, Best Businesses named her the Best of West Hollywood Celebrity Numerologist, and she’s been hailed as the #1 Numerologist in the World and the #1 Celebrity Numerologist. This article has been viewed 91,385 times.
110 votes - 89%
Co-authors: 8
Updated: July 9, 2024
Views: 91,385
Categories: Featured Articles | Business
Thanks to all authors for creating a page that has been read 91,385 times.

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