Business Idea: You can earn big money by doing this work at home, know the method..
Today we are going to tell you about a business that is not only profitable but can be started by any man or woman. Spices are something that are found in every kitchen. By starting this business you can earn lakhs in a few months. If you have a fund of Rs 4 to 5 lakh then you can start this business very easily (best business idea).
To start this business, first of all, you need to understand the local market. First, understand the demand of the local market and only then produce the spice.
If you want to start this spice business idea, then you should have a fund of at least Rs 4 to 5 lakh. First of all, you should have a space of 300 to 400 square feet. After this, you will have to build a shed at this place to set up the spice factory.
This will cost around Rs 50 to 60 thousand. After this, it will cost Rs 50 thousand to set up the machine (masala business). After this, the cost of labor and raw materials will be Rs 3 to 4 lakh.
Let us tell you that people should always do spice production as per the needs of the local market. Some spices like turmeric, coriander leaves, black pepper, etc. are sold everywhere.
Along with this, there is a lot of demand for red chili powder and garam masala. Along with this, you can make spices like chicken masala, sambar masala, etc. as per the market requirement.
For this business, you can buy the raw materials of the factory from the nearby market. Keep in mind that take special care of the purity of the raw material. You will get a huge discount on raw spices if you buy a large amount of raw material at once.
If you sell up to 200 quintals of spices every year, you can earn Rs 10.80 lakh based on Rs 5,400. After taking out all the expenses, you will get a profit of around Rs 3 to 4 lakh every year. In such a situation, you can earn up to Rs 40 thousand every month from this business.
Follow our Whatsapp Channel for latest update