A small manufacturing business can be started at a rental premise as well as home. The cost of raw material and machinery or equipment for a small manufacturing business is very low. And these manufacturing businesses offer a high profit which makes them an excellent option to start a business at low investment. Additionally, you can also think about renting machinery or equipment to start the small production business.
Let’s take a look at the 7 best small-scale manufacturing business ideas that require low investment and offer high profits.
Candle making is one of the most popular small manufacturing business ideas. Fancy candles with good fragrance have always been in demand. So, starting a candle making business is certainly a good idea. This business can be started in just Rs. 25,000 to Rs. 50,000 and require wax, perfume, molding, dye, and equipment to hold hot wax.
Manufacturing Soap & Detergent
Soap and detergent products are essential FMCG products which are always in demand. So, soap and detergent manufacturing business is also a good option with low investment and high profit. However, to start this business, you need to learn the process of making soap and detergent. You need to learn the correct mixing of right ingredients and that too in correct proportion. You can start this business even at your home with the capital of just Rs. 50,000.
Manufacturing paper business is a low-cost business with high profit. The paper market in India has good potential. Paper is needed in education as well as other industries. So, this increases the chances of getting success in the manufacturing business. The capital required to start this business is 1-2 lakhs. The material requirement includes papermaking equipment, chemicals, and raw material.
Manufacturing Sports Items
The other business idea is to start manufacturing sports and related items. You can manufacture items such as a bat, ball, badminton racket, carom board, etc. Indoor as well as outdoor sports are very famous in our country and therefore, small manufacturing business idea has very good potential. You need capital of Rs. 2-5 lakhs.
Manufacturing Envelopes & Folder File
You can also start the manufacturing envelope and folder file business. The products so manufactured are very high in demand and are widely used in the post office, schools, banks, and in a corporate environment. You can either start a handmade file and folder business or machinery made. Depending on the same, capital requirement will also differ. Nevertheless, you are suggested to opt for the machine since the production is high and there is a lesser need for human resource.
The material required to start this business include ladles, basins, mixers, plastic bags, electric stove, weighing scale, and hand-gloves.
Homemade biscuits making is a good small manufacturing business idea if you are looking for a home based manufacturing business idea. The business is very lucrative as the material required include wheat flour, sugar, mixture, and grinder. The capital requirement for this business idea is Rs. 25,000 to Rs. 50,000. Also, you need to have a good knowledge of biscuit making.
Hair Oil Production
Hair oil production is also a low cost business with high profit. And it can be started at home. Hair oil manufacturing unit has a good market potential as the product is a daily use item and is used by everyone. The materials required include base oil, perfume, herbal extract, bottles, and mixing machine. The business can be started with capital ranging from Rs. 25,000 to Rs. 50,000.
Now that you know the 7 best manufacturing business ideas in India that require low investment and yield high profits, you can start your own business. Additionally, you can also register your business for free at the Connect App by ZipLoan to build your business network. Through the e-marketplace, you can create a business profile, list your products/services, find business, discover new business opportunities, and build connections.