Starting your own cosmetics brand is an exciting opportunity, especially with the beauty industry booming. But how much does it actually cost? From product development to marketing and distribution, there are several factors to consider when planning your investment.
Understanding the Costs of Starting a Cosmetics Brand
When investing in the creation of a cosmetics brand, costs can vary, starting from research and development—one of the most crucial steps—where a significant portion of the initial investment goes, as it involves creating and testing products to ensure safety and compliance, all the way to manufacturing, branding, marketing, and logistics.
But using a private label can reduce the costs by 40-50%, allowing you to launch your brand with an investment starting at just 2.000€ to 15.000€.
The Benefits of Using Private Label Services
Private label services offer pre-formulated products that are ready for branding, eliminating the, otherwise, essential costs for R&D, allowing you to focus on branding, marketing, and sales rather than developing your products from the ground up.
Using private label services allows you to skip the expensive R&D costs, benefit from lower minimum order quantities, and access integrated logistic solutions. This significantly lowers your initial investment and allows you to focus on branding, marketing, and scaling your business in the least time possible.
Why is Lip Gloss a Profitable Starting Point?
Driven by the rise of awareness and consumer demand for products that offer shine, hydration, and color versatility, the lip gloss market continues to expand and it’s projected to have an annual 5.02% growth until 2032.
Source: https://www.marketresearchfuture.com/reports/lip-gloss-market-10385
This makes lip gloss an excellent choice for entrepreneurs looking for high-margin, fast-moving products to launch their brand.
DLAB helps you in the process of creating your own cosmetics brand!
Ready to start your own cosmetics line? DLAB is the perfect private label that helps you from the very beginning of the process of creating your own cosmetics brand.
Choose which cosmetics you would like to sell and customize them directly on our website. Let us help you bring your vision to life with a professional, cost-effective solution.
Book a call with our team and start now!