Chapped lips are a universal problem—many of us use a balm or stick daily to keep our lips soft and smooth. While chapstick and lip balm may not be something you’d immediately consider when looking for a business opportunity, the growing interest in natural lip care makes this necessity a viable product idea. Reference
Yes, believe it or not, learning how to make lip balm is a marketable skill. Avid DIYers who concoct all sorts of creative projects can take that passion and channel it into a side business. Or, for fledgling entrepreneurs on the prowl for a new business idea, DIY lip balm is a great product around which you can build a business.
It’s easy to take the below recipe and customize it to create your own natural lip balm to market. Because the ingredients are relatively inexpensive and it’s simple to make in your own kitchen, homemade lip balm is a viable way to turn a creative passion into a product.
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Why homemade lip balm?
The natural lip care industry is growing as consumer preferences shift away from highly processed varieties. According to one industry outlook report, in 2015, close to 42% of the women aged 18 years and above said they preferred buying natural beauty products over synthetic beauty products. And the same report shows that the global lip care products market will grow at a steady rate of more than 4% between 2016 and 2020.
In addition to those statistics, if you peruse interest via Google Trends, you can see that the interest in search terms related to “natural lip balm” has steadily increased over the last two years:
Based on this data, there’s definitely a demand for natural lip balm—which means there’s room in the market for aspiring entrepreneurs ready to get a piece of these kinds of revenue. So, let’s examine how to make lip balm, and the various types you can create as the foundation of a new business.
Read more: Buy Lip Balm online
Types of homemade lip balm
Now that we’ve established that natural lip balm offers enough demand and sales to potentially support a new homemade lip balm line, let’s examine the various types of lip balm you can try recreating.
While there are numerous types of natural lip balm, here are some of the most popular and pervasive types on shelves today.
Beeswax natural lip balm
When it comes to choosing natural ingredients for the base of your lip balm, one of the go-to substances to use is beeswax. After all, one of the most popular brands of natural lip balm—Burt’s Bees—is created from beeswax.
Beeswax is also easy to order, mixes well with other ingredients, and is relatively inexpensive (you can order 1 lb of beeswax pearls/pastilles for around $9).
Tinted lip balm
While natural lip balm is generally used to treat or prevent chapped lips, plenty of us also like to add a pop of color to our mouths while we’re at it.
As such, there are a variety of tinted lip balms in innumerable colors. From pinks, oranges, purples, reds, and everything in between, you can create plenty of custom shades using either a small amount of lipstick mixed in with your recipe or mica powder in your preferred pigment.
Medicated lip balm
To soothe chapped or dry lips, many natural lip balm varieties include ingredients to alleviate pain from cracked skin. The most common ingredients include menthol or camphor, which ease any pain from dry lips.
Homemade lip balm creators can also include a variety of essential oils in their recipe to add other healing qualities for customers—lavender for stress relief, for example.
