Aromatherapy is a therapeutic treatment with aromatic essential oils. It can be used by anybody for physical, physiological, mental, and spiritual well-being daily or as and when required.
Aromatherapy relies on essential oil to achieve a gentle, nurturing effect on the body & mind. The Oils are used on the skin, in the bath & through inhalation to promote relaxation & well-being. This alternative medicinal therapy makes a very positive contribution to emotional & physical health bringing a sense of inner peace and balance.
Aromatherapy is essentially a skilled and controlled use of essential oils for physical and emotional health and well-being.
Is Aromatherapy Business Profitable?
People having stress/anxiety, headaches/migraines, insomnia, chronic or acute pain relief, arthritis & rheumatism (sub-acute phase), chronic muscular/joint aches and pain, pregnancy and childbirth issues, inflammation problems, lack of immunity, muscle spasms, etc are generally customers of aromatherapy.
The alternative medicine industry holds a tremendous growth opportunity when you consider all the areas in which this discipline is beneficial.
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Who You Should Consider Starting Aromatherapy Business?
Ladies, students, beauty parlors, salon owners, housewives, anyone can start this business. However, the passion for learning the subject will help you to be an expert in this field. A lot of present successful entrepreneurs in this trade started their business right from their homes.
10 Steps to Start a Profitable Aromatherapy Business
1. Do Some Market Research
Before starting any business, it is extremely important to understand the local as well as the online market before starting an aromatherapy business. Try to collect as much information as possible to know more about competitors, product offerings, and pricing and explore the gaps available.
2. Get Trained. Do You Need Certificates to Start Aromatherapy Business?
In most countries, you don’t need any certificates or licenses to practice aromatherapy business.
However, to provide better services to clients and build a successful venture, it is wise to be equipped with all the updated information and training processes. You can get trained from local training institutions or certification bodies like NTCB.
One can enroll in good learning programs that are available online. You can check out this popular aromatherapy course if you are looking to learn from the comfort of home.
3. Select the Niche
Broadly there are three ways you can start an aromatherapy business. You can join an MLM dealing with aromatherapy products, buy wholesale and sell aromatherapy products, or manufacture your brand of products. Choose the one which suits you the most.
4. Choose Products
There are various types of essential oils you can sell. You can also create your own products like face creams, soaps, candles, hand creams, diffuser blends, lip balms, and much more.
5. Create a Business Plan
Write a business plan for your aromatherapy business and write in detail about your mission and vision, objectives, operating plan, product and pricing, financials, and marketing plan. If you are looking for funding, take help from professional business plan writers. Some of the topics that your aromatherapy business plan must address are the following:
- Initial and recurring costs
- Profile of target customers
- Pricing stretegy
- How do you plan to promote aromatherapy services?
6. Name Your Business
Create a catchy and relatable name for your business. Check this guide to know more about the steps involved in naming a business.
7. Calculate Cost to Start Aromatherapy Business
There will be some costs that you will have to bear in starting and running an aromatherapy business. It includes inventory, packaging, shipping, bookkeeping software, promotional materials like brochures, flyers, business cards, etc. Add rent if you are interested in opening a retail shop.
The cost of starting off this business depends on various factors. For instance, if you are a newbie in this profession you would require to be taught the skills. You have to do so by taking up some courses which can cost you $500 or more. Furthermore, the business would cost you up to $10,000 to $30,000. Items that you will require at the initial stage –
- Fillers, essential oils, carrier oils.
- Business Cards
- Labels, packaging, and bottles.
- Chemical-free land in case you want to grow your own plants.
- Propane source and distiller.
- New Website to initiate eCommerce for your products.
8. Register Your Business
To run a legally compliant aromatherapy business, it is critical to register your business. Talk to a local competent authority or attorney, and select the business structure as per your scale and resources. Also, check what licenses and permits are required to run this kind of business.
If you are from the United States, we highly recommend forming an LLC as it limits your personal liability for business debts. In addition, you can avail of certain tax advantages and indeed helps in raising funds from investors.
9. Have a Marketing Plan
You must have a proper marketing plan in order to reach your target customers. Document your marketing, promotional, and distribution strategies. It is extremely crucial to convey unique selling propositions of your products to the customers you want to cater to.
You need to remember the demand for these products primarily comes from women, especially younger women. You need to create a marketing plan aimed at reaching women customers in particular.
10. Set up Your Online Shop
If you are looking to build a sustainable brand and address a wider audience, creating an online shop is a must. There are various platforms that you can use to build your online shop. Check this article on Best Online Store Builders for Your Small Business for more information.
Initially, as a beginner, you can start this business using and selling products as a reseller of a known reputed brand. However, if you want to grow your business and increase your profit margins, you must develop your own products. To be successful in this business you have to differentiate from other players who are selling similar products.
Before you build your business model, the first thing to recognize is that you are a representative of the greater industry as a whole. Cherish this knowledge and strive to make the industry proud.
As you flourish in your aromatherapy business, recognition, blessings, and money come automatically.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.