Top 5 manufacturing businesses ideas with lower startup costs
When we think of manufacturing, we often think of big buildings with expensive machines. But not all manufacturing requires huge investment. Here are five examples.
- Soap and detergent
- Candles manucturting
- Paper plates manufacturing
- Organic farming
- Agarbatti (Agarbatti)
Let us dive into the details of each small business.
1. Soap and detergent
Organic and homemade soaps with beautiful shapes are also in trend for personal consumption, but for the purpose of gifting. Making soap and detergent is an excellent manufacturing business idea.
This can be started from your home and later can be expanded into a fully developed manufacturing unit.
All you need is this:
Although there are already many big and small players in the market, but you can still add a different factor by focusing on natural and organic ingredients such as glycerin, herbs and natural oils, instead of chemicals like sulfur or para-bin.
Although there are no strict rules and regulations for making soap in India, you may still need a manufacturing license as described in Part XIV of Drugs and Cosmetics Rules.
2. Candles manucturting
When you think of starting a new business, this idea naturally comes to mind because:
This is one of the easiest options.
For the purposes of religious, festive, ornamental and celebration, there is a constant demand for candles throughout the year.
The process of making candle making business is simple. Candle making machine (manual, semi or fully automatic ones) which are easily available in the market and whose price is Rs. 35,000 and Rs. 2,00,000
In addition to the machine, you will need wax, color, vicks, molds, dyes, lester spray etc. Just keep the wick on the signal point and put molten paraffin wax on it. In a few minutes the wax is accumulated. Depending on the requirement, you can put color and scent the wax before putting it.
You can create different types of candles, from simple white candles to small twisted cakes. You can also produce pillar candles which are used to decorate your living room.
3. Paper plates
This is one of the lowest cost manufacturing business ideas.
As more and more people are aware of the loss of the use of plastic plates, the popularity of paper plates is increasing.
Whether it is a social gathering like picnic, birthday party, family gate-togather or your favorite street-food vendor, it is likely that you will be served food in paper plates.
Paper plates are not only affordable and disposable but also environmentally friendly and non-toxic.
You only need a place with basic amenities like electricity and water, raw materials and machinery.
The price of the machine varies with the output efficiency of the machine (i.e. the number of plates that can produce per hour).
You can choose to start this business from your home, but be sure to check any license according to your state government laws and rules.
4. Organic farming
Since the hazardous insecticides are being used fast in agriculture, people are suffering from diseases which were previously unusual.
The risk of rare diseases such as cancer, autism and ADHD (Attention Deficit Hyperactivity Disorder) in children is increasing. This has increased the demand for organic fruits and vegetables.
To understand the nitty-gritty of this business idea, you can go to the nearest organic farm.
National Project on Government of India (NPOF) on organic farming can also help you learn the proven ways of organic farming.
NPOF offers funding (CISS) in the form of grant and loan to set up biological farming.
5. Agarbatti (Agarbatti)
This can come as a surprise to you, but if the fireplace is a big market in India. In fact, Indian compound and agarbatti market is expected to grow by a compound annual growth rate (CAGR) of more than nine percent through 2023.
From the earliest times, incense and agaratti are consumed for religious and social purposes in almost every house. Many big and small players are producing agarbattis not only for domestic consumption but also for exports to 90 other countries.
More than two-thirds of India’s agarbattis are used by local buyers. They prefer the aroma of rose, lavender, sandal, champa, jasmine and mogra.
You can start with the easiest method of producing agarbattie: the method of rolling rolls. It is only cheaper to invest from Rs 1,000 to Rs 5,000. The cost of fully automatic incense machine is around Rs 50,000.
How to Sell your products?
In today’s times, it is easy to promote your product with the popularity of social media and online marketplace. You can easily tap on the online market by registering on Amazon, Flipkart or other Marketplace. Better yet, to sell on Amazon and also from your own online store.