How To Start Your Own Makeup Brand

                                     hello upcoming entrepreneurs welcome

back

this is mr make a million and i'm gonna

share what are the businesses

you can start and change your financial

situation from zero to a million

remember that thinking big and taking

action is the key to success today we're

gonna talk about a niche product that

will grow depending on how you handle it

and you must have guessed

already by the title of this video it is

cosmetics

so we're gonna give you tips on how to

start your very own cosmetic brand and

an explanation on how effective it is as

a business

now we know a lot of youtube stars and

beauty gurus

around the world telling their success

stories online

examples of these stars are jeffree star

who now has his very own cosmetic brand

the jeffree star cosmetics

which is known for its top of the class

lipsticks eyeliners and other cosmetic

items

we also got jacqueline hill who is one

of the first beauty gurus on youtube

and one of the youtubers to create her

own cosmetics brand

and guess where they're all now they are

now millionaires

so have you ever thought of becoming

like them don't worry

everybody can with the right amount of

determination and wits you can be as

successful as they are right now if you

really work for it

but first how successful is a makeup or

beauty industry

the beauty industry is growing quickly

as trends evolve

and multiply rapidly as of 2019

the cosmetics industry is worth 532

billion dollars and is slated to exceed

a market value

of 805 billion dollars by 2023.

cosmetic products and skin care alone

contribute to nearly 40 percent of that

value

its market also reached 16 billion

dollars on sale in 2020 with a growth

rate of six to eight percent annually

and an increase in demand of 10 percent

in stocks every year

so joining the cosmetics industry right

now would be a bliss

but how do you join in on all the fun

and start earning one thousand dollars

to forty thousand dollars a month

well we're here to give you tips and

tricks on how to start sustain and

maintain your very own online makeup

business and brand creation

so what are we waiting for let's get

right to it things to take

note of when starting up a makeup

business number one

you need to make up your mind your

makeups are to be handmade

so that you have to make sure you're

selling quality to your customers with

the best ingredients

and find a supplier that has a license

and follows all rules and protocols

and we always advise you to start simple

with a few products and grow gradually

by that we mean that you start with easy

to make up and cheap products such as

creams

foundations and lipsticks which you can

sell as makeup sets

and with this you'll be able to grow

effectively and earn positive feedback

from your customers

that will benefit you in the long run

number two research is a must

since you'll have to make up your

makeups handmade to create your very own

brand

you need to learn and research about

knowledge on making cosmetic products

and the must and the must not do's in

your line of business

has to cause harm to your customers

which may lead to your downfall

number three being budget wise is

beautiful

luckily a makeup business doesn't

necessarily take one thousand dollars to

start

because even two hundred dollars is

enough to create quality products since

you can find

ingredients for cheap if you know where

to look for it however

finding the right ingredients may tend

to be expensive on some pots

so you have to do your research and look

for the cheapest but best

ingredients on the market number four

uniqueness is a threshold

find a tendency and originality on your

ingredients for your product

such as low amount of preservatives no

side effects or no hassle type of

uniqueness as well as natural

ingredients

from known farm suppliers long shelf

life things like that

now that we've gotten the things you

need to take note of venturing into this

business

let us move on to the tips you should

know first tip

consider your niche always consider what

is the specific product that you should

sell

the cosmetics or beauty business comes

in all sorts of assortments

from lipsticks to eyeliners to blushes

and to who knows what else

but remember you should always try to

sell that main products

that is constantly used by everybody and

that is eyeliners

foundations concealers lipsticks or bb

cream

but what is a niche product that you can

start making right away that is cheap

and easy to make

let's just say that all of it can be

made as long as you keep it from one to

two types of cosmetic product

since if you keep your budget tight also

you could start producing quality makeup

products

such as lipstick or foundations at a

cost of three dollars

packaging included which you can sell

anywhere you want between ten to fifty

dollars

depending on the quality and if it's

mostly natural and good news is that

and you can make duplicates with that

three dollars which means you'll be

getting a lot more profit than you

expect

second tip find a reliable supplier

supplies are extremely important in your

makeup business

since you would not want to spend more

than what you have to since a good and

reliable supplier

would be able to give you discounts if

you build a long-term relationship

and there's a lot of suppliers that sell

the same quality ingredients but at a

lower price

so these are the criteria that you

should always look out for

when looking for a supplier number one

make sure they have a certification

you can never be too sure of a scammer

number two

local alignment shipping fees are a

thing a nearer merchant

means faster delivery time also further

merchants may start causing shipping

problems sooner or later

number three look for experts since

you'll be starting a makeup business try

to look for suppliers of

ingredients or makeup products not fruit

vendors

and the supermarket number four find out

their inventory

make sure that they can always tend to

your business's needs

now how do we find these suppliers

thankfully there are a lot of online

sites where you can find suppliers such

as amazon or alibaba

and you should also start to make a good

and strong relationship with your

merchant

and always buy in bulks to guarantee a

discount which can save you from

to hundred dollars worth of costs third

tip creating an online shop

yes you could sell your products on

amazon lazada or whatever site that is

but creating your own site would give

you tons of benefits

first off posting your products on

online shops such as amazon

is like putting a driftwood into the sea

whereas creating your own shop is like

paving your very own river

creating an online site gives you more

control and flexibility

you could easily contact your customer

instantly secure your credibility

be cost-free highly expandable pose your

own advertisement

and you have growth potentially if

you're wondering on how to make one

shopify wix or square can help you out

without needing any knowledge to code or

program

and everyone can use their site builder

you could also hire freelancers to do

the honor

of building you your own website for a

price of 10 to 40 dollars

last tip adore and endorse making a

business is quite challenging

but selling your products is always more

challenging if you don't start endorsing

and

advertising your products there are

various ways you could go on with this

number one you could start posting

yourself using this product

and try to also get your friends and

family's opinions about it

number two you could try and reach out

on influencers youtubers

and other online personalities to

showcase your product

number three upload your products on all

social media accounts

for the public eye and public groups to

see don't worry

your brand of cosmetics will start

spreading soon enough

there are a lot of various ways to

endorse your product

and increase the ratio of your customers

and increase your earnings from 40

a day to a whole 500 a day in the early

stages of your business

and always be diligent and determined

with your products

especially since they are handmade now

are you happy with the tips we gave you

have you taken note of the important

things you should remember before

starting your makeup business

well it's about time we told you all the

good things about your makeup business

here are the pros of setting up your own

brand of cosmetic products

it's simple if you haven't noticed yet

cosmetic products such as your brand of

makeups are

made of natural ingredients with a touch

of preservatives which you will make by

yourself

or if you know how to or studying about

it then everything else should be a

piece of cake

it's trendy you can never go wrong with

your growth of business in just a matter

of months

since rising makeup business that does

their job well would sooner or later

become big and increase their earnings

from 120 percent within a year

and makeups also never get old because

more than 50

of the women in the world buys them once

or a couple of times in a month which

would be billions of buyers available

and waiting for you

it's easily brandable cosmetic lines are

needed to be approved by the fda

which means you don't have to bother

with paperwork or daily checks

it's also cheap if you stick to your

authenticity you'll start a skyrocket on

your business

well i guess that's all the advice and

tips we can give for your makeup

business

we hope that you have a beautiful day

and wish you luck on your side as you

start your business

remember there's success in every

failure but no

failure in success keep trying and keep

living

now thanks for watching we hope that you

learned well from the financial advices

that we shared and please like and

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and again this is mr make a million out

and i hope you are prepared to make a

million