Are you tired of the daily grind and want a way out from the tiring 9 to 5 routine?
Starting a small-scale manufacturing business might be the key to your financial independence. India is witnessing huge growth in several industries and small-scale businesses are the key factor for this growth.
By setting up a small manufacturing unit of an in-demand product, you can open the doors for a consistent source of income. In this article, we will be looking at some great small-scale manufacturing business ideas. Also, we will be sharing important insights like the initial investment required, earning opportunities, and more.
So, if you are thinking of starting a business of your own, keep reading till the end:
1. Candle Making
Candle-making is a creative and low-investment business idea that can be started right from your home. You can craft a wide variety of candles to be used for various purposes, and sell them online or through local stores in your area. The market for candles is constantly growing in India, making it an attractive business for people with a low initial budget.
Here are some more details:
- Initial Investment: Rs. 15,000 – Rs. 20,000
- Manpower Required: 1-2 people
- Monthly Earning Opportunity: Up to Rs. 20,000 at the beginning
💡Also Read: Setting up a candle-making business
2. Soap Making
The demand for handmade soaps with natural ingredients is on the rise in India and even the foreign countries. You can start a small-scale soap-making business from the comfort of your home. The investment is minimal, and with unique recipes and creative branding, you can tap into a niche market.
If you already have some audience like a YouTube channel or a social media following then the initial growth will be easier than ever. Below are some more details about the business:
- Initial Investment: Rs. 10,000 – Rs. 15,000
- Manpower Required: 1-2 people
- Monthly Earning Opportunity: Up to Rs. 15,000 at the beginning
💡Also Read: Setting Up a Homemade Soap Business
3. Paper Bag Manufacturing
With the increasing awareness of environmental concerns, the demand for eco-friendly paper bags is growing. You can set up a small-scale paper bag manufacturing unit and sell them to your nearby local stores, restaurants, and other small businesses.
And if your area has enough demand for such paper bags then you can even sell them directly to individuals as a B2C business model.
Here are some other details:
- Initial Investment: Rs. 30,000 – Rs. 50,000
- Manpower Required: 2-3 people
- Monthly Earning Opportunity: Up to Rs. 30,000 at the beginning
4. Jewelry Making
If you have a passion for jewelry and are creative enough then jewelry-making will be a fantastic small-scale business idea. You can craft custom pieces and sell them at offline markets or through your own e-commerce store. With the right designs, you can quickly build a loyal customer base to scale your sales and revenue.
Here are some more details about the business:
- Initial Investment: Rs. 10,000 – Rs. 20,000
- Manpower Required: 1-2 people
- Monthly Earning Opportunity: Up to Rs. 25,000 at the beginning
5. Spice Grinding
Spices are an integral part of Indian cuisine and are required for daily use in every Indian household. You can set up a small spice-grinding unit by procuring grinding machines and other equipment.
There are different business models for this business and you can choose as per your location, budget, and requirements. One such business model is to grind and package spices with your branding. Another idea is to grind spices on-demand for people in your area.
Here are some more details about the business:
- Initial Investment: Rs. 20,000 – Rs. 30,000
- Manpower Required: 2-3 people
- Monthly Earning Opportunity: Up to Rs. 40,000
6. Cotton Buds and Cotton Balls Manufacturing
The demand for cotton buds and cotton balls is consistent and has only grown in all these years. Setting up the manufacturing unit for cotton buds and cotton balls requires minimal investment and can be set up in a small space. After manufacturing the products, you can sell them to nearby beauty salons, local stores, and in offline markets.
Here are some more details about the business:
- Initial Investment: Rs. 15,000 – Rs. 20,000
- Manpower Required: 1-2 people
- Monthly Earning Opportunity: Up to Rs. 20,000
So, these were some small-scale manufacturing businesses that you can start with moderate to low investment. Also, you do not require a large number of people to manage the operations initially. Just with the basic equipment and 1 or 2 people to handle specific tasks, you can run your business effectively well.
3 Comments