Small Business Ideas – 2 | Fusion - WeRIndia

Small Business Ideas – 2

Small Business Ideas – 2

In the previous article you have read about some small business ideas.

Here are some other business ideas with minimum investment.

Candles are used for birthdays and other religious purposes. If you make scented candles, then you will have a good market as they are used in interior decoration and for gifts.

To start a candle making business, you need candle making machine that costs ₹40,000, candle fragrance for ₹500 per kg, paraffin wax ranging from ₹40 to ₹80 per kg, moulds ranging from ₹30 to ₹300 and threads for ₹100 per kg.

It will cost you approximately ₹10 to make a 100-gram pack of candles. If you sell the pack for ₹30, then you will get ₹20 as profit for each packet you sell.

If you sell 100 packs daily, you will make a profit of ₹60,000 per month.

Soaps are always in good demand as they are one of the most essential things for human hygiene. You can also export them.

To start a soap making business, you need around ₹5 lakhs for plant and machinery based on the location you choose. Unlike, other small business which can be done in your home also, this business cannot be started in your residence. So, you have to choose a suitable location for the business.

Other raw materials like soap noodle, perfume, soap stone, dyes, package boxes etc. cost ₹1,000 per kg. Labour of two people costs ₹20,000. Electricity costs around ₹5,000 per month. If you sell 500 pieces of 100 grams daily, you can make around 3 lakhs per month.

All these calculations are given according to the prices on wholesale product selling websites. They are given as an estimation.

The cost of machinery is a one-time expenditure. It does not recur each month, so your profits will increase over months.

Image by Gerd Altmann from Pixabay (Free for commercial use)

Image Reference:

Leave a Reply

Your email address will not be published.