Over spring break Catherine and Hayden made our product. One afternoon before school started, the two came together and made the lip balm. We made around 150 units of product (about 50 mango, 50 peppermint, 50 strawberry) and are selling the product for $2/unit. We have sold 7 units so far for a total of $14. At first we were going to sell each tube for $3, but after surveying the public, we thought that $2 would be a more adequate price to sell more units.
In order to make the product we combined 2 parts Coconut Oil, 2 parts Shea Butter, 1 part Beeswax, and about 40-60 drops of flavor oil. We melted the raw ingredients (not the flavor oil) in a glass bowl and set said glass bowl in an inch of water overtop of a stove on medium heat. We let the ingredients melt completely before we added the flavor oils. To fill the tubes, we used glass droppers. We allowed the mixture to harden for more than 24 hours before capping the product.
When we first tested the product it was pretty oily, however we allowed them to air out for a longer period of time before capping the product we were selling. This allowed the product to firm.
Last Thursday Catherine and Parker presented our product to a board of employees at Flint Hill. Justin and Hayden were not present because of the Junior College Day. Overall the presentation went well and we have a bulk order from one of the employees of Flint Hill. They had some good questions that we are now processing as well as some comments that could help our business.
We are now focusing on the selling and marketing of our product while making our business plan for the board.
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