How Much Money Did My Handmade Soap and Cosmetics Business Make in the First Year?

TLDRIn my first year of business, my handmade soap and cosmetics business made a total of $3,822. Although it may seem small compared to others, it was a valuable learning experience and a stepping stone to future success.

Key insights

💰In the first month, I made only $80 with five sales. It was a slow start, but it motivated me to keep going.

💪I realized the importance of participating in local markets to boost sales. One event helped me make $535 in just two days.

📈Although there were some months with no sales or very little, I kept pushing forward, and eventually, my business started growing.

💡I learned the value of reinvesting in my business and focusing on gaining market share rather than immediate profitability.

🌟The first year in business is a learning experience. Don't let small numbers discourage you. Keep pushing, and success will come.

Q&A

How much money did you make in your first month?

I made a total of $80 in my first month, with five sales, mostly from friends and family.

What marketing strategies did you use in your first year?

In my first year, I mainly relied on social media for marketing. I didn't spend much on paid advertising.

How did participating in local markets help your business?

Participating in local markets allowed me to reach a wider audience and generate more sales. It was an effective way to build my brand locally.

Did you face any challenges in your first year of business?

Yes, there were months with no sales or very little. It was challenging, but I stayed motivated and focused on long-term growth.

What advice do you have for entrepreneurs starting their first business?

Don't get discouraged by small numbers or slow progress. Keep learning, adapting, and pushing forward. Success takes time and perseverance.

Timestamped Summary

00:00[Music]

01:14In my first month of business, I made $80 with five sales.

02:01Participating in local markets helped me generate more sales and build my brand.

05:55In my first year of business, I made a total of $3,822.

06:26Although the numbers may seem small, it was a valuable learning experience.

07:09Reinvesting in my business and focusing on gaining market share was my strategy.

07:41Don't let small numbers in the first year discourage you. Keep pushing and success will come.

08:54Short and sweet video. The journey of my business is a reminder of how far I've come.