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The market research company also reports an increase in awareness regarding personal care products. Rising lip care issues, such as chapping, splitting, and wrinkles, is estimated to further propel the demand for lip balm. And an increasing amount of men are becoming interested in lip care products. It also predicts online sales as the main distribution channels for new entrants into the market.
Now that you have the instructions for your very own homemade lip balm recipe, you can start turning your new product into a business. And one of the primary channels where you can find an audience of potential customers for your DIY lip balm is online.
You can sell lip balm for as low as $1.50 per tube or container, or up to $10 for special variations. Try to keep your lip balm priced between $3 to $4 per tube to stay competitive. Offer bundle packs to increase average order value and sell more lip balm online.
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