Perfume, body spray and other body fragrance items are fashionable. Fashion companies often include a perfume or fragrance line as well as a clothing line because perfume is an important part of our image. A good smell makes us happy while an unpleasant smell is annoying and avoided. Starting a designer body fragrance business has the potential of being profitable.
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Set up a business plan. A business plan includes information pertaining to: 1) The amount of money necessary to start and maintain the business until opening and money from customers starts coming in regularly. 2) The methods for making scents for the business. 3) Name where the body fragrance comes from. 4) Name partners in the business. 5) Tell how many employees you'll need. 6) Give an estimate of profits and losses for the first five to 10 years of business. These steps are necessary to organise the business and to obtain funding from banks and private money sources to get the business started.
Obtain funding. Funding comes from a variety of sources, including loans from the bank, family, personal funds, private lenders or investors that are willing to give money for a risky venture provided they have a share in the profits. The funding will require getting a credit check for any loan, showing the business plan and showing how the business will make money later.
Select a location. A designer body fragrance business needs a store to sell the fragrance. The ideal location is somewhere in a fashion district, such as New York City, or in a location where there are several potential customers, such as a mall.
Make the product. There are a few potential ways to make body fragrances. The wholesale companies that provide the fragrance oils or base product can mix up the fragrance, or the base products can be purchased and mixed personally. The important part of making a new fragrance is knowing the preferred end result. If mixing it personally, some trial and error is to be expected to get the scent right. If a company is mixing it, the fragrance designer determines the preferred end result, informs the company and then pays the fees for the oils and the final product. Since it is purchased from a wholesaler, the cost is minimal compared to the final cost of the perfume.
Obtain business tax forms. The government requires a submission of the business name through the state government and then it provides a tax identification number. Upon receiving the tax identification number, the business is registered with the state and federal government. Every state has slightly different rules for taxes and tax forms, but every state has the information available on the its website, usually under business sections.
Open the business. Once the funding, location and tax forms are prepared, the final part of starting the business is opening up the store. Start with a grand opening sale to bring in customers.
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