According to marketresearch.com, the U.S cosmetic market is estimated to have generated a revenue close to $62 billion in 2016. The global cosmetic market is expected to garner $429.8 billion by 2022. Such statistics clearly reveal that there is plenty of business opportunities in the cosmetic industry. This also shows that your small cosmetic business can start making profit shortly.
Choose your area of speciality in which you have some experience of manufacturing or selling of cosmetic products. For example, you know something about selling organic makeup, special effect makeup or mineral cosmetics and lip care products.
Concentrate on the area of cosmetics that you are familiar with so that you can plan your business well. Narrow down your area of cosmetics speciality or interest. Do not try to sell or manufacture too many things at the same time in the initial days of your business.
So, start mass production of your cosmetics items only if people give a positive response. If you want to start a selling business, find out which products are more popular with the people. Invest your limited cash on such items.