Making a home business. How to Start a Home-Based Business That Will Succeed
- 20 profit-making small businesses you can start with as low as Rs 20,000
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Share on Share on Starting a business, they say, is not about ideas. But aspiring founders often find themselves struggling — with investments and ideas — before they join the hustle. You may have a bunch of ideas in your mind, but there are times when those ideas lack proper direction and you decide to switch plans.
20 profit-making small businesses you can start with as low as Rs 20,000
This is the period where most aspiring founders struggle to find a balance. Starting a business needs utmost determination and confidence, but you have to be very clear about your business idea before you step into the entrepreneurial arena. To make the hustle easier, SMBStory has drawn up a list of 20 profitable manufacturing business ideas that you can start with low investment.
Handmade candles Candles are always in demand, which is what makes this an extremely popular business option. The traditional demand for candles comes from religious and decoration purposes.
But while unemployment is down, the latest labour market figures reveal a surge in part-time jobs as employers remain anxious about long-term recovery prospects, suggesting it may not be time to hang out the bunting just yet. Our list may not be exhaustive, nor may it put you on the path to riches and early retirement, but hopefully it will get you thinking. And if you have any better ideas, let us know by emailing.
During festivals, the demand is extremely high. Otherwise too, these days the demand for scented and therapeutic candles is also on the rise with many restaurants, households, and hotels using them to create an ambience. The candle-making business can be initiated from home with low investment of approximately Rs 20,Rs 30, The raw materials used to start the business include wax, wick, moulds, thread, aroma oils, and more.
Apart from the major raw materials, you also need to have some candle-making equipment. This includes a melting pot, thermometer, pour pot, weighing scale, hammer, and an oven to melt wax. Pickles Pickles are a traditional food item in India and are extremely popular.
You will find at least one variant of pickle in every Indian household. Thus, if you want to start small, a pickle business is a safe and easy option. Apart from the Indian market, Indian pickles are greatly in demand abroad.
You can start this business at your home with a small capital of approximately Rs 20,Rs 25, Agarbattis are used in most Indian households, and their popularity and demand picks up during the festive season. Their exports have also grown, on the back of the rising popularity of meditation in other countries and the associated use of agarbattis.
The first step of small-scale manufacturing of agarbattis involves buying bamboo sticks and essential oils with fragrances such as sandalwood, jasmine, rose, champa, etc. The sticks are coated with the oils, and dried. Automatic and semi-automatic agarbatti-making machines, costing upwards of Rs 50, can be used for bulk production. Once the sticks are packed and labelled, they are ready to be sold in local markets.
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Buttons Buttons are one of the most essential trimmings used in the garment industry and have huge market potential. From plastic to fabric and steel buttons, there are various categories in this making a home business that you can select depending upon your choice of business.
You can either rent out a space or start at home with a basic investment of approximately Rs 30,Rs 40, Designer lace Lace is commonly used making a home business garments and for craft work.
It is a traditional form of business and can easily making a home business started at home. With emerging fashion trends, the demand for different kinds of laces has increased. Laces are also exported to various countries, which makes this a good option for those who want to start small. Laces can be designed manually, through bobby machines, or fully computerised machines — after you decide on the scale of operations.
You can start this business with a low investment of approximately Rs 25,Rs 50, Shoe laces India is the second-largest producer of footwear after China. The shoes the country manufactures can be segregated into categories like sports, formal, casual, and others.
The demand for shoelaces is high as well, and manufacturing shoelaces has become a lucrative small business idea. Shoelaces are manufactured by weaving a band and fastening the aglet the hardened end of the lace. The simple, woven band is usually made from cotton, polyester, nylon, polypropylene, etc, and the aglet is made of plastic. Apart from the material for the lace and aglet, shoe lace braiding machines are making a home business required. They can weave several metres of lace per minute, after making a home business acetone can be used to fasten the aglet to the woven band.
You can start this business with a small investment of approximately Rs 25, depending upon the kind of machinery you want to deploy. The increasing consumption of ice cream has led to a rise in making a home business demand for ice cream cones. Therefore, if you want to start small, this idea could be a profitable business option. You can start an ice cream cone manufacturing unit in a small space by investing approximately Rs 1 lakh to Rs 1.
However, if you want to operate on a larger scale with high capacity machinery, the investment cost goes a little higher. Handmade chocolates When it comes to chocolate consumption, India is on top of the chart.
Be it sweet or bitter, chocolate is a mood lifter and stress buster. According to Mintel, sales of chocolate confectionery in retail markets grew by 13 percent between and in India. You need to develop a product line to start off. An approximate capital of Rs 40,Rs 50, will be required to purchase raw materials and packaging. However, if you want to deploy a piece of machinery for a larger production scale, the cost may rise up to Rs 2 lakh-Rs 3 lakh.
Your volume production will be easier with mixing, cooking, and cooling equipment. Select the type of equipment to fit the scale of your operation. ALSO READ Two sisters start a handmade chocolate brand to empower underprivileged women Cotton buds The cotton buds market is being driven by growing per capita expenditure of consumers, increasing awareness of hygiene, rising population, etc.
The raw material then goes into the automatic cotton bud-making machines, many of which package the products too. The machines are available as per the quality and output requirements of the entrepreneur. The cotton buds secret binary options trading business can be started with an investment of Rs 20,Rs 40, Papad The thin, crispy food — fried or roasted - is a common accompaniment to most meals across India.
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Papads are mandatory at several occasions, functions, celebrations, and parties, which means demand is always high. The manufacturing process is relatively simple once basic ingredients such as wheat flour, spices, and oil are sourced. The large-scale papad manufacturing industry is highly competitive, but entrepreneurs can start with a small investment of approximately Rs 30,Rs 40, and sell to local department stores. Entrepreneurs can also experiment with flours made from lentils, chickpeas, rice, tapioca, etc to differentiate their offerings from others.
Noodles Noodlesespecially the instant variety, are a popular snack in India across rural and urban markets. The noodle manufacturing process is simple and requires basic ingredients such as wheat flour, salt, sugar, starch, spices, vegetable oils, etc.
Both semi-automatic and fully automatic noodle-making machines are available in the market.
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The process of making noodles involves blending flour, starch, and sodium bicarbonate, mixing the dough, and passing it through the machine. The noodles are cut into the desired shape and size, dried, and packaged.
Low capacity noodle-making machines cost over Rs 40, while premium ones cost anywhere upwards of Rs 1. Disposable plates and cups Disposable food-grade plates and cups are used extensively in India during events, functions, picnics, etc.
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They are also used on a large scale by street vendors and hawkers. As they are widely used and have been inexpensive to make for a long time, the market has matured. They are usually made of paper, which has emerged as an alternative to plastic, steel, glass, etc. To make paper plates and cups, paper can be acquired from local scrap shops at low rates. The major part of the investment goes into acquiring disposable plate-making machines.
They cost over Rs 50, depending on their capacity. With the world moving to ban plastic, a jute bag manufacturing business is a good choice. The jute bag making process is simple. Different types of bags are popular in the market and can be used for multiple purposes. Starting up this business demands a small capital investment of around Rs 50,Rs 1 lakh. You can begin in a small area of around sq ft. Staple pins Staplers are used extensively in schools, colleges, government institutions, offices, and making a home business paperwork is involved.
Staplers cannot work without stapler pins, and the pins are usually made from white galvanised iron wire. Using good quality iron will ensure the pins are sturdy and long lasting.
Automatic staple pin-making machines simplify the process of production. The machine flattens the round iron wire and produces the pins in predetermined lengths.
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Staple pin-making machines that can make pins per minute cost upwards of Rs 3. Paper making Manufacturing paper is a low-cost business idea. Paper is used everywhere. From schools and colleges to offices and big corporates, the use of paper is certain.
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This translates into an unending demand for this product- despite the world going digital. From A2, A3, and A4 sheets to small copies, there is the vast scope of expansion too in the paper-making industry. However, you need to be wise in selecting the manufacturing location to avoid high transportation costs.
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You need approximately Rs 2 lakh-Rs 2. Organic soap Organic soaps are a really niche market to tap if you wish to bitcoin ethereum litecoin ripple with a small business.
It is a high demand product used by billions daily. To start a small herbal soap business you need raw materials like glycerine, herbs, essential oils, moulds, microwave, and more.
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An investment of about Rs 1. You can start the business at home or rent out a separate small space. Various government courses are available if you wish to learn the soap-making process.
Many do not hesitate to pay a premium on quality products when it comes to health and beauty. Therefore, starting a coconut hair oil unit can be a good small business idea.
But, while you have plenty of passion, direction can be hard to find. You just have to find the solution for a problem in your own life.
This low-cost business idea needs an approximate investment of Rs 1 lakh. You can start either by renting out a small farmland or can work with farmers in your area.
Smartphone accessories such as tempered glass are also in big demand. These are made in high temperature machines where glass is heated and then rapidly cooled.
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The tempered glass also has to pass hardness tests, breaking tests, and dimension checks. The tempered glass also contains silicon, additional protection, and glue.
The glue, which ensures the tempered glass sticks to the smartphone screen, is an essential component of manufacturing. Low capacity tempered glass making machines cost around Rs 75, while high capacity ones cost over Rs 1.
Envelopes and files Despite communication going digital, there is still a large demand for paper envelopes and files in schools, colleges, corporates, etc. Gum and glue also need to be purchased from the market. Envelope-making machines cost anywhere between Rs 1. When paper is fed into these machines, it is cut to specific sizes. After the gum is applied, the envelope is dried and sent for packaging.
These products can be sold at departmental stores, supermarkets, or directly to schools, colleges, and corporate offices. Paper bags Eco-friendly bags and packaging made from paper have become popular as people realise just how harmful non-biodegradable plastic bags are to the environment.