Making ideas a reality is the goal of starting a business. But before they start the hustle, wannabe innovators frequently find themselves grappling with finances and ideas. You may have a lot of ideas in your head, but sometimes you need to change your plans since your ideas lack clarity. The majority of would-be entrepreneurs fail to strike a balance at this time. Extreme dedication and confidence are required when starting a business, but you must be quite certain of your business concept before you enter the world of entrepreneurship.
Extreme dedication and confidence are required when starting a business, but you must be quite certain of your business concept before you enter the world of entrepreneurship.
SMBStory has compiled a list of 20 profitable manufacturing company ideas that you may start with as little as Rs 20,000 in order to make the hustle easier.
1.Cloth Buds
The market for cotton buds is being pushed by factors such as rising population, improving hygiene awareness, and rising per capita consumer spending. The spindle/stick, the absorbent substance (cotton), and the container must all be sourced by small cotton bud manufacturers.
The automatic cotton bud-making machines, many of which also package the finished goods, are fed the raw material next.
An investment of between Rs 20,000 and Rs 40,000 can be used to launch a cotton bud manufacturing company.
2.Crafted candles
The fact that candles are always in demand makes this a very well-liked business venture. Candles have historically been used for religious and decorative purposes. The demand is especially great during festivals.
In addition, a growing number of homes, hotels, and restaurants are employing scented and therapeutic candles to set the mood these days.
Candlemaking can be started from home with a modest cost of between Rs 20,000 and Rs 30,000. Wax, wick, moulds, thread, scent oils, and other basic materials were used to launch the firm.
Along with the primary raw materials, you also need various candle-making tools. This comprises an oven, pour pot, weighing scale, hammer, and melting pot (to melt wax).
3.Pickles
In India, pickles are a traditional cuisine that are very well-liked. In every Indian household, there is at least one type of pickle. Consequently, a pickle business is a secure and simple solution if you wish to go small.
Indian pickles are in high demand outside of the Indian market.
This business can be started from home with a little investment of between Rs 20,000 and Rs 25,000.
4. Coconut Oil
Nowadays, people are more aware of the benefits of using natural goods. When it comes to health and beauty, many people are willing to spend more on high-quality items. So beginning a business selling coconut hair oil would be a smart option.
This low-cost business concept involves setting up machinery and requires an approximate expenditure of Rs 1 lakh. You can begin by exchanging goods with manufacturers, renting out a small plot of land for farming, or collaborating with local farmers.
5.Smudge sticks (agarbatti)
The market for agarbatti (incense sticks) in India is expanding as a result of high domestic and international demand.
Most Indian households utilise agarbattis, and demand and popularity for them rise throughout the festive season. Due to the increased use of agarbattis and expanding popularity of meditation in other nations, their exports have also increased.
The market is where bamboo sticks and essential oils with scents like sandalwood, jasmine, rose, champa, etc. are purchased at the first step of small-scale agarbattis manufacturing. The oils are applied to the sticks, then they are dried.
Agarbatti-making equipment that is automatic or semi-automatic and costs more than Rs 50,000 can be employed for mass manufacturing.
The sticks are prepared for sale in neighbourhood markets once they have been packaged and labelled.
6.Buttons
One of the most crucial finishing touches in the clothing industry, buttons offer enormous market potential. Depending on your choice of business, you can choose from a variety of categories in this field, including plastic, cloth, and steel buttons.
With a minimal expenditure of roughly Rs 30,000–Rs 40,000, you can start by renting space or at home.
7.Upscale lace
Lace is frequently used in clothing and in creative projects. It is a conventional business model that is simple to launch at home.
The need for various types of laces has expanded along with new fashion trends. The fact that lace is also exported to other nations makes this a suitable choice for individuals looking to start out small.
After choosing the scale of operations, laces can be designed manually, using bobby machines, or using fully computerised equipment.
Starting this business only requires a small investment of between Rs 25,000 and Rs 50,000.
8.Artisanal chocolates
India leads the world in terms of chocolate consumption. Chocolate is a mood booster and stress reliever, whether it is bitter or sweet. Between 2015 and 2016, chocolate candy sales in retail markets in India increased by 13%, according to Mintel. Therefore, making chocolate can be a lucrative possibility if you want to start a business but don’t have a concept.
To begin with, you need to create a product line. The cost of raw ingredients and packaging is expected to be between Rs 40,000 and Rs 50,000.
9.Shoes’ laces
After China, India is the second-largest producer of footwear. The country produces a variety of different types of shoes, including sports, formal, casual, and others.
Additionally, there is a great demand for shoelaces, therefore making them has emerged as a successful small business concept. Making shoelaces involves weaving a band and fixing the aglet (the hardened end of the lace). The aglet is typically composed of plastic, whereas the plain, woven band is typically made of cotton, polyester, nylon, polypropylene, etc.
Machines for braiding shoe laces are also need in addition to the lace and aglet material. They can weave several metres of lace every minute, and once it is finished, the aglet can be attached to the woven band using acetone.
Depending on the type of machinery you wish to use, you can launch your business with a minimal cost of about Rs 25,000.
10.Cones of ice cream
Ice cream is one of the most popular sweets today, and everyone cries for it. Ice cream cone demand has increased as a result of rising ice cream consumption.
As a result, if you wish to start small, this company idea might be successful. A small-scale production facility for ice cream cones can be established with an initial investment of between Rs 1 lakh and Rs 1.5 lakh.
However, the investment cost increases slightly if you wish to use high capacity machinery to work on a greater scale.
