Ask anyone for the reason why they buy a bar of natural soap and you will get a surprising range of answers. One would expect the fact that you buy soap to get clean to be right up at the top but because of the PR surrounding the benefits our wonderful products can bring, ‘getting clean’ is pretty near the bottom of the list.
The most common reasons people buy a bar of hand made soap are as follows:
If creams, lotions and potions are your passion there are many other reasons you can add to that list, some originating with skin condition, ethnicity, fear, age and, of course, our desire to look good.
I list these reasons above because if you are running a soap or skincare business it...
If you are a cosmetics formulator the answer to that question is relatively simple, you use the ingredient that will give the best results for the intended purpose of the product. Provided the research has been done, and the ingredient declared safe, a formulator is free to use whatever he or she wishes.
If you are a marketeer the considerations are more complex: your choice of ingredient could be the raison d’etre of your brand. As an SME looking at a new ingredient you need to ask yourself the following questions:
1. Does it really do what it says on the bottle ?
2. Is it economically viable given my intended target market and price point
3. Can I source it safely and reliably ?
4. Has anyone heard of it ?
There are many companies who have made their names focussing on unusual cosmetic ingredients and they have done so with total passion and complete belief in the results they could achieve. Who knew that mud from the Dead Sea could be a...
In Europe, it costs an artisan producer approximately £2,000 to create, test and package a new basic skincare/toiletries line. This does not include the cost of formulation which if carried out by a qualified formulator averages at around £1,500 per product for a relatively basic formulation.
For someone just putting their toes into the water launching a small range can amount to quite a substantial investment and for those creative souls with a million ideas the task of honing down the number of items to include at launch is a difficult and painful decision. On average they start with between three and five products but the temptation to expand the range both in terms of original product and/or fragrance variety is intense.
For the new skincare business the first priority has to be to focus on sales. If you have set your target as a flagship store they are unlikely to buy from you unless you have a range that is comprehensive in terms of covering...
As a skin care entrepreneur it goes without saying that you are passionate about your products. You created them, you live them, you breathe them and doubtless you would eat them for breakfast if you possibly could. It is therefore completely understandable that when writing copy for your website or for sales promotions your desire is to communicate that passion to your customers.
Who, we think, could possibly resist the messages we give out about the gorgeous ingredients we use, the loving efforts we take in creating our products and our ethical stance on fair trade and sustainability and of course making sure that Orangatangs always have a good breakfast and an endless amount of trees to swing from.
Make no mistake here, I totally share all of those sentiments, the problem is that most of your potential customers are not prioritising in the same way that you are. It is proven that a visitor to your website will spend precisely three seconds there before deciding whether to...
If you are about to start your first business the prospect of writing an accurate business plan can feel downright scary but a well considered plan lets you spend money on paper rather than from your wallet and that is more than worth the effort. A business plan will also show you whether the model you have chosen will reap adequate rewards to keep you in the style to which you have become accustomed or whether you should maybe consider staying in your day job until you have got your venture off the ground.
If you plan to raise investment for your business your bank or potential investor will want to see a business plan that is ambitious but consistent and that shows sensible amounts of money being spent on items and services that will help your business to grow. Being frugal and asking for small amounts that might just get you by might feel honourable but it is not what an investor wants to see.
If this business will be your total means of support the place to...
Creating the perfect brand name should be the first step you take towards building a relationship with your customers.
The initial reaction of many first time entrepreneurs is to use a name that will tell your customers what sector you are in and what products you are selling but approaching the task in this way pigeon holes your identity and can restrict you from diversifying in the future. Building a successful brand requires an investment of considerable amounts of time and money and, if you do it well and create a strong following, it can become the biggest asset in your business so why not give yourself the best opportunity for flexibility by keeping your name generic and, if really necessary, adding a strap line to describe your specific products or services.
Brand recognition begins with your name so your first consideration should be to ensure that the name appeals to and engages your ideal customer and, as importantly, defines and communicates the culture and personality of...
' The Artisan' is by definition someone who tends to dream small. The passion is in the detail, the quality and the creativity and these values can manifest into unique and wonderful products that really deserve a universal sales platform.
The skincare market is flooded with gorgeous artisanal products made by highly creative people who are not adequately paid for their efforts so how can we change this ? All that is really required is a mindset shift and a better understanding of the brilliant resources we have available to us. We need tounderstand the obstacles during the planning stages of our business and change them to advantages.
You cannot make money if you try and do everything yourself
There is magic, talent, science and alchemy involved in formulating an amazing skincare product but once the formula is in place the manufacturing process is not rocket science. Before you use ‘small batch production’ as a USP consider what will happen when you are flooded...
In my experience as a business coach one of the biggest fears new entrepreneurs have is around their own credibility. The solution is simple. If you don't have the credibility then borrow it or buy it.
Some of the most successful businesses start with just a clear concept that will fill a gap in the market but that doesn’t necessarily mean that the creative genius behind the idea is an expert in the field they want to go into. So how do you deal with the fact that you have the drive, determination and network that will make your brilliant idea happen but you don’t have the influential contacts or expertise to convince potential investors and customers just how good you are?
As far back as 1929, Hungarian author Frigyes Karinthy published his theory of ‘Six degrees of separation’ explaining why we are only six steps away from reaching anybody we wish to reach but the great news is that because we now live in the new world of Social Media (and...
It could be that your intention is to help people to simply stop poisoning their systems with toxins or it may be that sustainability is your focus, (no plastic packaging for you then)……but the big question is, if changing the world is your driving force are these relatively small steps enough to satisfy your need to do this ?
Many of the entrepreneurs who come to me for mentoring do so with the wish to make money and to give back some of their profits to their favourite cause. In today’s world this is very relevant because in an overcrowded skincare market people buy into brands with a strong ethos and story. However, if you make that promise in your early days, pledging to give away a percentage of your yet to exist profits can prove to be de-stabilising for your business. Your role, as an entrepreneur should be to build a strong business first so that you have real financial power to help others later. In choosing this industry you are...
Do you think that if you put yourself out there everyone will laugh at you ? Or maybe you think your appearance isn’t smart enough or you talk with the wrong accent ? Or you fear stumbling and forgetting what you were supposed to say and looking like a Wally ?
The great, brilliant, fantabulous news is that if you are marketing to real people you no longer have to worry about those things because when you do a video the only thing people are really looking for and wanting to hear is your passion and your genuine belief around your subject and the products you are selling. Guess what, your prospective customers are just like you – they have the same fears and imperfections and when they see yours they know they can relax and listen.
Slick, staged videos are out the window, suits went out with shoulder pads and if you have are a little overweight or have a crooked nose you can rest assured that all those other people out there with excess weight...