Business Idea: If you are troubled by a 9 to 5 job, then start this business, you will become a millionaire immediately...
Nowadays many people are looking for big income (Investment tips) with very little investment. If you are also looking for something similar then we are giving you a better small business idea. You have to invest money only once in this. After this, you can earn a huge income of lakhs of rupees throughout your life. The specialty of this business is that its demand (Best business idea) always remains. This is the business of masala making unit. Very little money is required to start this business. Spices have an important place in the Indian kitchen (masala business idea).
Lakhs of tonnes of many varieties of spices are produced in the country. It is easy to make and is prepared based on regional taste and flavor (how to become rich). If you have some understanding of taste and flavor and some knowledge of the market, then you can earn big money by setting up a masala-making unit.
How much will masala making cost?
In a report of the Khadi and Village Industries Commission (KVIC), a complete blueprint for setting up a spice manufacturing unit has been prepared (become rich with spices business). According to this report, setting up a spice manufacturing unit will cost Rs 3.50 lakh. Rs 60,000 will be spent on 300 square feet of building shed and Rs 40,000 will be spent on equipment. Apart from this, Rs 2.50 lakh will be required for the expenses incurred at the commencement of the work. With this amount, your business (low-investment business idea) will start.
Funds will be received like this-
If you do not have this much amount then you can also take a loan from the bank to start this business. The loan can be taken for this business under the Prime Minister's Employment Scheme (PM Rojgar Yojna). Apart from this, the help of the Mudra Loan Scheme can also be taken.
Buy goods from here?
You can buy spices and machines wholesale (wholesale business idea) or online by visiting this link. https://www.indiamart.com/
How much will be the earnings?
According to the project report, 193 quintals of spices can be produced annually. In which a total of Rs 10.42 lakh can be sold in a year at the price of Rs 5400 per quintal. After deducting all the expenses, the annual profit will be Rs 2.54 lakh. That means you will earn more than Rs 21 thousand in a month.
How to increase profits?
The report says that if you start this business in your home instead of renting space, your profits will increase further. Starting a home business will reduce the total project cost and increase profit.
Will marketing increase sales?
Your product is sold in your designer packing. Take advice from a packaging expert for packing and improve your packaging (marketing tips). You launch your product in the local market. Establish direct contact with shopkeepers and households. Apart from this, also create a website (business and marketing) of the company and mention all the products in it and also create social media pages, so that the whole world can know about your product.
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