Do you want to earn 50,000 in a month? then you can select a business from this blog which has coved a list of Manufacturing Business Under 1 Lakh in this blog mainly factory based business incur the huge cost and due to this those who are capable of handling the operations of manufacturing business but I believe more focus should be given on selling rather than making products and my recommendation is that every piece of raw material should be fully utilized without wastage of raw material. the following business is the best idea for anybody.
Manufacturing Business Under 1 Lakh Top 11 List
- Printing Company
- Wooden Furniture
- Packing Material
- Mirror Company
- Eye Optical Frames Manufacturing Unit
- Cotton T-Shirt Making Unit
- Bakery Products Supply Chain
- Headphones Making Unit
- God Picture Photo Frame
- Jewelry Box and Pouch Maker
1. Printing Company
This industry has come into existence just after the industrial revolution when business owners understood that only producing goods is not enough and in order to sell their goods, they should apply various marketing techniques the following goods are produced in this business.
- Visiting Cards
- Big Banners
- Greeting Cards
- Printed Carry Bags
There are huge chances of getting repeat orders from the clients, the profit margins in this business are approximately 10% of total sales receipts. another advantage of this business is no amount of dead stock because all the raw materials are only used after confirming the order.
2. Wooden Furniture
Wooden Furniture is one of the oldest manufacturing business under 1 lakh because there are two ways of making money in this business 1st Selling readymade furniture and 2nd is working on custom onsite construction projects where the only carpenter is required to change big wooden boxes into useful furniture.
A new beginner who has recently started this business and has a sufficient amount of funds should opt for 1st money-making technique of selling furniture only, but if he/she is a trained carpenter go for 2nd way.
3. Packing Material
Since when eCommerce Website has started in India the overall demand for packing material is increased from 2-3 times so the scoop of growth in this sector is very good if you want to sell packing material my recommendation is to approach various eCommerce website owners rather then selling it on your own shop which may occur the fixed cost of a business such as rent, electricity, etc.
A basic cardboard box that can carry a product weighing 0.5 kilograms cost around 1.5 rupees and can be sold to e-commerce website owner at 4 rupees each and other this a plastic polythene is also used which cost 30 paise each piece and can be sold for 60 paise very easily.
4. Mirror Company
Glass mirror is that commodity that is bought by every retail shop owner for his shop if he sells apparels related stuff and just a wooden furnishing firm there also very fewer chances of deadstock because every glass mirror piece is cut from a big glass as per customer’s requirement.
Glass mirrors are commonly purchased by big real estate developers or contractors hence these are the potential customers for a glass mirror firm in India.
5. Eye Optical Frames Manufacturing Unit
As every 2nd person in India wears eye specs to see things better so if he/she can start this eye optical manufacturing business under 1 lakh rupees because an average frame is sold for around 300-400 at retail stores it is assumed that if these frames are produced in mass production the per unit frame manufacturing cost will be 100(estimated).
The process of marketing is very simple we have to go to each optical store in our city and slowly after capturing the local market we can expand this to different in India.
6. Cotton T-Shirt Making Unit
Cotton T-Shirt Making Unit is a decent Manufacturing Business Under 1 Lakh rupees due to the fact that when cotton plain cotton t-shirts are produced in masses their average per-unit cost becomes 75 Rupees in India.
If you managed to get manufacturing orders from big companies it is the best way to earn money from that business but you sell them to local shop owners.
7. Bakery Products Supply Chain
There are so many bakery shop owners who mainly outsource their bakery items including patties, pastries, biscuits, etc but if you are good at making bakery products than you should do this business.
Once you managed to get some regular clients the scoop of growth also increases and I think you can start this business from your home only and there is no need to acquire any commercial space for that.
8. Headphones Making Unit
In every industry there some base products and few are those which are sold as an ad on say if a student is using a mobile phone then he/she is a potential customer and are likely to buy headphones as there are only local companies who manufacture headphones so the hurdle of competition is almost removed from the market.
the demand for headphones has enhanced because of the young section of society who generally play mobile games like PUBG, as its overall price per unit is around 25 rupees each and the major limitation in this business is the technical knowledge of making headphones only.
The locks are used from 6 thousand years source and are one of the common security measures at every house and office if you learned the art of making iron lock and its key you can start this business with very less fund requirement.
10.God Picture Photo Frame
As we all know India is a country where people believe in gods and there countless temples in the country where the demand for god photo frames is in abundance you can start creating photo frames and market them to the shop owners located near a temple.
If we wanted to start a manufacturing business under 1 lakh rupee it is the best business because it may not require any technical knowledge to start it.
11. Jewelry Box and Pouch Maker
There are so many jewelers in India and all of them sell their products in the jewelry boxes or pouches which are made up of either plastic or synthetic cardboard and in case pouches there are of either rexine or cotton.
We have to purchase only 100-300 sample which may cost us around 12000 only and remaining 88000 can be invested in transportation expenses
Video Music: Song: Fredji ft. Arcade – Ocean (Vlog No Copyright Music)
Music promoted by Vlog No Copyright Music.
Video Link: https://youtu.be/5JpC2-8ZqUg
Author: Nikhil Soni
Last Updated: 27 April 2020,Time: 08:13:45 PM
Other Blogs You May Like