Cosmetic lines generate enormous profits.
Billions of dollars flood the cosmetics industry each year. Creams, lotions, lipsticks and mascaras come in an endless variety to meet the desires and needs of every type of consumer. What satisfies the consumer searching for organic or natural products may not satisfy one looking for scientifically-driven, cutting-edge ingredients. If you enjoy cosmetics, and have an entrepreneurial spirit, ingenuity, style and business savvy, learn launch your own cosmetics line.
Instructions
1. Visit FDA.gov to learn its regulations about cosmetics safety and labeling. The website lists restricted ingredients and provides direction on list warning statements for certain types of cosmetics. Use this information when evaluating the quality of products to offer in your cosmetic line.
2. Attend cosmetics trade shows and join professional organizations. The websites biztradeshows.com and cosmoworld.com compile and publish a list of upcoming tradeshows for the cosmetics industry.
3. Obtain the licenses you will need to sell cosmetics. Call the city and state revenue authorities and inquire about business licenses or sale tax permits. You may need a state sales tax ID number to buy cosmetics products wholesale.
4. Make a list of products you would like to offer. Choose products or formulations that are not readily available and will fill a particular niche in your area. Decide if you will offer skin and body care or color cosmetics, or a combination of both.
5. Search Thomasnet.com or Cosmeticindex.com to find private label manufacturers to supply cosmetics. The websites list the names of hundreds of cosmetics suppliers, and give short overviews of the services they offer.
6. Call the companies that provide the products you need. Private label cosmetic suppliers will have stock recipes for products, and may provide a consultant to help you produce custom product formulations.
7. Contact a graphic designer to create a logo. Confirm artwork requirements with your cosmetics suppliers.
8. Meet with a lawyer and start the process to trademark your business name and logo. With so many products on the market, having a trademark will give your cosmetics line a distinct identity.
9. Order your cosmetics. Private label companies have minimum quantity or minimum dollar requirements for your opening order.
10. Set up a mini-boutique in an existing store or beauty salon, or rent a kiosk at a mall to sell your cosmetics. Alternately, contact cosmetics buyers at stores you want to carry your cosmetics line. Offer to deliver products for them to sample to entice them to place an order.
Tags: your cosmetics, cosmetics line, your cosmetics line, cosmetics industry, cosmetics suppliers