Agarbatti manufacturing business is one of the most popular and profitable businesses than any other business. Opening an agarbatti business with buyback agreement will surely give you high returns. The business can be started with fewer raw materials and with the least investment. India has a booming market in the agarbatti sector as it is a religious country.
The Exact process to start agarbatti business with buyback agreement for Successful Results
It is good to create a rough plan before starting this type of manufacturing business. Your plan must include budget, funding, location, manpower, and marketing in case you are not opting for the buyback option.
You need to register this business as the business involves a product that deals with fire. You can register your company under ROC by providing your business address, contact, and name of the company and owner. You can opt for private limited, LLP, sole, or limited company as per your plan.
License is equally important as registration and the rules of it may vary from state to state. You may need EPF registration, ESI registration, GST, Pollution, SSI, trade, and Factory license.
You can start this business in nearly 10 to 40 lakhs. If you do not have such capital you can apply for a loan under the MUDRA scheme of government. You may also need at least ten to twelve workers to start this business which includes labor, delivery boys, clerk, accountant, a shift in charge as per your requirements.
Purchasing of machinery:
The normal cost of a good quality machine may lay around 2 lakhs to 5 lakhs. Make sure that you opt for a spacious space factory as these machines are bigger and occupy a lot of space. Your factories should also be away from residential colonies to avoid any type of noise or pollution complaints.
Raw Materials for agarbatti business with buyback agreement
You can easily get raw materials for making in any wholesale market at cheap rates. Here is the list of raw materials that you will need-
Marketing of this product can be done near religious centers, general stores, distributors. You can choose an ecommerce platform for marketing also.
I hope that now you are well aware of agarbatti business with buyback agreement. The key to success in this business is to keep your rates low at the beginning and your products should be special from all the current products in the market. In case you need any consultation regarding the agarbatti manufacturing machine you can contact Myb2bidea via live chat support.