How To Start Camphor Business
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1. INTRODUCTION
Camphor is the product that has many benefits and ritual importance also in Hindu culture. As India being the country with majority of Hindu population, the camphor popularly known as Kapoor in local languages is in much demand here. Apart from that camphor has many benefits for the healthy body and good skin. As having such assistances, doing this camphor production business is very effective and beneficial. therefore camphor manufacturing business starting will prove the profitable with low cost investment and without any much stress.
2. CASE STUDY
The following are the case studies for the camphor production business:
1. MANGALAM ORGANICS LTD
They are the one of the largest camphor manufacturer, supplier and exporter in India. They are the also the exporters of the camphor outside the India in international market. They proceed the manufacturing business using the modern technology and all automation facilities. Their headquarter is in Mumbai, Maharashtra and other at Kolkata, Delhi, Chennai, Hyderabad, Bangalore. Their constant efforts and smart marketing skills makes them succeed in this field.
3. BUSINESS SWOT’S ANALYSIS
i). Strength
- # To Start a camphor production business is easy as it requires low cost investment and dissolving is also easy.
- # Camphor production in India is profitable in India due to its importance and used in pooja and rituals.
- # Camphor making business can be started from home also and at MSMEs level too.
ii). Weakness
- # As fully automated machines are available there, this reduces human employment.
- # This camphor production business doesn’t in calculate in essential goods business.
iii). Opportunity
- # To start the camphor manufacturing plant,there need to be marketing at place to place like retail shops, malls, grocery stores etc.
- # Setting up the small stall or shop near the most visiting temples of the city or village can help in bringing clients more.
- # Selling free samples to the customers at the trial basis is also good idea.
iv). Threat
- # As this the small business and this cannot be widened up to certain limit, so profit is minimized.
- # Changing of government rules and policies.
4. MARKETING PLAN
- # The first phase ins starting any marketing plan is the choosing of the proper land and owning it. If it is household business then installing the machines after the place gets settled.
- # Making the assurance of the proper marketing can be done by that place as transport and raw material facilities available abundantly.
- # Then the promoting the business is the main focus, in this print the banners of the business and pamphlets.
- # Also post them everywhere that gets the customers, like wholesale shops, public places, temples, etc.
- # Then the registration of the business in the shopping sites likes Amazon, Flipkart, Snapdeal etc to get the lot of customers. Also helps in marketing the other B2C websites.
5. SUPPLY CHAIN MANAGEMENT
# The first step in any supply chain is the knowing the demand of the market and then planning for the rate of production according to the supply needed. For this there need to be location and machines for the production.
# After the facilities are available, the search for the good supplier for the raw material or buy the only product required that is camphor powder from the market readymade.
# Thus, raw material then gets engaged into the production process. after that test the item that is manufactured and start the packaging of the ready product with attractive packaging.
# The next procedure to be followed is the transportation, that is to the desired market. Thus, the cycle continues it from suppliers, wholesalers, retailers, local retailers and finally to customers or consumers.
6. FINANCIAL EXPENSES
- # Camphor manufacturing unit (cost upto only 25000-50000 with full automation)
- # Camphor making machine (can buy from Indiamart.com, Yellowpages.com, Sulekha.com)
- # Raw material (only requirement is camphor powder that is ready made available in any wholesale market)
- # Packaging (by plastic bags/pockets, plastic containers, colourful small bottles)
- # Transportation facility
- # Electricity facility (can be started at home power supply also, no need of 3phase supply).
- # Labours/employees
