13 small scale business ideas
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, We have drawn up a list of 20 profitable manufacturing business ideas that you can start with low investment.
1- 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. 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 $ 20,00-$ 30,00. 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 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 $ 2,000-$ 25,00.
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 niche 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 3000-$ 4000.
4- Shoe laces
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 also required. They can weave several metres of lace per minute, after which acetone can be used to fasten the aglet to the woven band. You can start this business with a small investment of approximately S 2500 depending upon the kind of machinery you want to deploy.
5- Ice cream cones
Everyone screams for ice cream, one of the most popular desserts today. The increasing consumption of ice cream has led to a rise in the 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 $ 10,000 to $ 15000. However, if you want to operate on a larger scale with high capacity machinery, the investment cost goes a little higher.
6- Handmade chocolates
If you want to start your business and don’t have an idea, manufacturing chocolate can be a lucrative opportunity. You need to develop a product line to start off. An approximate capital of $ 4000-$ 5000 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 $ 15000-$ 2000. Your volume production will be easier with mixing, cooking, and cooling equipment. Select the type of equipment to fit the scale of your operation.
7- Cotton buds
The cotton buds market is being driven by growing per capita expenditure of consumers, increasing awareness of hygiene, rising population, etc. Small manufacturers of cotton buds are required to source the spindle/stick, the absorbent material (cotton), and the packaging for the product. 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 manufacturing business can be started with an investment of $ 2000-$ 4000.
Noodles, especially 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. 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 $ 3000 while premium ones cost anywhere upwards of $ 12000.
9- Disposable plates and cups
Disposable food-grade plates and cups are used extensively in India during events, functions, picnics, etc. 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 $ 5000, depending on their capacity.
10- Staple pins
Staplers are used extensively in schools, colleges, government institutions, offices, and wherever 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. Staple pin-making machines that can make 350 pins per minute cost upwards of $ 3500
11- Paper making
Manufacturing paper is a low-cost business idea. Paper is used everywhere. From schools and colleges to offices and big corporate, the use of paper is certain. 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. You need approximately $ 2000-$ 3000 for setting up the machinery and getting the raw materials to start the business.
12- Organic soap
Organic soaps are a really niche market to tap if you wish to start 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. An investment of about $ 1500 to $ 2000 is required for scaled production. 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.
13- 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. Paper bags can be used to pack shopping items, food items, medical items, jewellery, and more. Paper bag making can be started small scale with low investment. Automatic paper bag-making machines start at around $ 5000 and have a great capacity – around a few thousand units per hour. Semi-automatic machines are also available under $ 3000, but they involve more manual work and labour. Entrepreneurs also need to invest in sourcing raw materials such as paper sheets, ink, printing chemicals, tags, etc.