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https://www.soapmakingforum.com/threads/business-planning-for-2021.80721/I seem to do this every year, and my reminder to start planning 2022 popped up on my calendar. I'm still making soap Sept through May, so my plan is to make any new fragrances for 2022 first, that way I have roughly 6 months of sales to determine restock level before I run out of time to make the soap.
A few notes I'm making so far for 2021:
Still too large of a soap lineup, need to downsize just a titch more.
Expanding data collection to include profit margins was a huge project but so worth the time.
Still struggling with social media engagement, but at least I've settled into a bit of a rhythm.
I have found a few additional outlets for selling, including stocking a salon for product to use in their services, but I've still been told NO a lot. (If you don't ask, the answer is always no.)
The markets I've been doing have been phenomenal. I think I've finally gotten past the "$100 is a good market" phase of my business. This also means that I don't have to do ALL the markets.
I expanded the B&B side a bit sooner than planned, but I had lab testing that validated that I was making a good product. It was a slow release with getting vinyl labels printed, and the investment of buying more labels than I will use in a year has been daunting. I decided though that this means making sure that I have a lineup that is well selected and can run for two years.
Took a stab at wax melts and they bombed. After having customers ask for them for years, they didn't want them when I finally made them. Go figure. People are weird.
Looking ahead at 2022:
Downsize soap lineup to 15
Continue social media engagement attempts
Continue pursuing wholesale opportunities
Finish B&B lineup - including face lotion, face scrub, men's body lotion, maybe another fragrance for foot scrub/lotion(??), switching out shampoo bars, and adding conditioner bars.
So what's your plans?
A few notes I'm making so far for 2021:
Still too large of a soap lineup, need to downsize just a titch more.
Expanding data collection to include profit margins was a huge project but so worth the time.
Still struggling with social media engagement, but at least I've settled into a bit of a rhythm.
I have found a few additional outlets for selling, including stocking a salon for product to use in their services, but I've still been told NO a lot. (If you don't ask, the answer is always no.)
The markets I've been doing have been phenomenal. I think I've finally gotten past the "$100 is a good market" phase of my business. This also means that I don't have to do ALL the markets.
I expanded the B&B side a bit sooner than planned, but I had lab testing that validated that I was making a good product. It was a slow release with getting vinyl labels printed, and the investment of buying more labels than I will use in a year has been daunting. I decided though that this means making sure that I have a lineup that is well selected and can run for two years.
Took a stab at wax melts and they bombed. After having customers ask for them for years, they didn't want them when I finally made them. Go figure. People are weird.
Looking ahead at 2022:
Downsize soap lineup to 15
Continue social media engagement attempts
Continue pursuing wholesale opportunities
Finish B&B lineup - including face lotion, face scrub, men's body lotion, maybe another fragrance for foot scrub/lotion(??), switching out shampoo bars, and adding conditioner bars.
So what's your plans?