Many of us aspire to become entrepreneurs. Starting a new business involves a considerable investment. Some people are interested in creating a simple business, and some think of starting a manufacturing business. If you are considering starting a manufacturing business with low investment, you can start Best Manufacturing Business to Start With 15 Lakhs.
We can create a company with the bit of money we have, which may need to be more to buy everything we need, but from there, we can grow and build the business up to the standard we want to create. There’s no shame in wanting to have a steady job with regular pay and benefits.
If we want to start a business, we will not need a massive amount of money for this; we can start a business with even Rs 15 lakh, for which many manufacturing industries have been created.
The manufacturing business ideas have entered a transitional period. It has high growth potential, and simple manufacturing does not require much capital and can be set up with minimum effort. This situation requires hard work. There is something to be done all the time so that you can achieve the desired success.
Also Read: 6 Steps to Start a Business Successfully From Scratch
What is the Manufacturing Business?
The manufacturing business has entered a dynamic phase. It has a high growth potential, but the innovation factor should be forgotten. Traditional methods of manufacturing, as well as marketing, will no longer work. Only the manufacturing business ideas units adapted to the changing environment have successfully survived. Moreover, the level of competition in every sector is now very high, which can lead to a reduction in profit margins.
15 Best Manufacturing Businesses to Start With 15 Lakhs
Below let’s discuss about Best Manufacturing Business to Start With 15 Lakhs in detail:
1. Customized T-shirt Printing
You might have seen people wearing t-shirts with their names or some personalized message. Such T-shirts are quite in trend these days. The T-shirt printing machine made all these prints. It can be another great business idea.
2. Mosquito Repellent Manufacturing Business
Mosquito repellent is one of the best products for people who suffer from mosquito bites. They have to use it whenever they go out or have a party at their house. Some people have severe allergies to mosquitoes, and you may find they will use it more often than others.
If you want to start a manufacturing business, this is the best product because people will always buy it even if they don’t need it right now. After all, everyone knows there are mosquitoes in India.
3. Designer Candle Making
Designer-scented and colorful candles are in demand throughout the year, especially during festivals. These are extensively used as decorations in homes, birthday parties, weddings, restaurants, hotels, etc. Candles are manufactured with the help of machines, and the cost is also not high. It also can be one of the excellent manufacturing business ideas and small business ideas to start with low investment.
4. Ball Pen Manufacturing
A ball pen costs between Rs. 5 to 10 in the market; imagine how low its manufacturing cost will be. It is a small-scale industry requiring very little investment and production in large quantities. Just use good quality ink and build the necessary reputation. Design and look also matter a lot in this business. It is one of the best small manufacturing business ideas under Rs 15 Lakh.
5. Herbal Toothpaste Manufacturing Idea
An herbal toothpaste manufacturing business is a great idea to start with limited capital. It will be a low-budget business as it costs you a low price for creating. To start this business, you can easily set up your herbal toothpaste manufacturing business ideas unit at home using simple equipment readily available in the market.
You should have basic knowledge about the raw materials required to make herbal toothpaste, like aloe Vera gel extract powder, etc. As well as how to prepare an herbal paste from these ingredients using simple machines like a mixer, grinder, etc. Must also have basic skills. You can also form partnerships with some other entrepreneurs for herbal toothpaste manufacturing.
6. Accessories for Women
It is also a Best Manufacturing Business to Start With 15 Lakhs. Accessories like earrings, necklaces, and bangles are some of the favorites of every woman. Many designs can be made, like stonework, beadwork, and silk threads. The focus should be on the fact that the raw material should be good and the design should be unique. Use your creativity and develop the best jewelry designs to take your business to success.
7. Optical Frame Manufacturing
Optical frames for any glass are proliferating. Its manufacturing process is straightforward. You can import machinery from China or any other country, which costs around Rs. 3 lakh to 5 lakh.
Since plastic is cheap, raw material costs are meager; screws are added manually or with machine help, and the final part is designed when required. Manufacturing a plastic frame costs approximately Rs. 150 to 300 rupees, including labor charges, and its selling price is around Rs. 250 to 350.
8. Plastic Cutlery Manufacturer
You can easily earn money from this business as few competitors exist. Plastic cutlery is one of the most popular products in India and many other countries. Restaurants and hotels mainly use plastic cutlery as they are cheap and convenient. You need some basic knowledge about manufacturing, marketing, and sales techniques, which can be quickly learned by reading books or online courses.
9. Professional Bakery
A bakery business can be an excellent option for beginning entrepreneurs. A bakery business has a wide range of possibilities for expansion. You can start a business with only a little initial capital expenditure.
10. Detergent Powder Manufacturing
In this business, 67% of the total production of synthetic detergents is done on a small scale, which is a considerable part of soap production, and 50% of the entire production is done on a small scale. A new entrepreneur starts a new venture by setting up a piece that contains blue powder that will meet the present and future needs of people.
11. Drinking Straws Manufacturing
Drinking straws are a popular choice for many people as they are used to drink beverages such as tea and coffee, juice, soda, and other liquids. It is because of its flexibility, lightweight, and economical nature. It offers an outstanding balance between strength and production cost, so it is an ideal product for making drinking straws.
These can be made from various materials, but polypropylene is the most commonly used material. Polypropylene also has some environmental benefits that make it even more attractive as a material for producing drinking straws, as they are an environmentally friendly product that helps reduce waste in landfills.
12. Health & Fitness Center
Keeping yourself fit has become the need of the hour. People are spending a lot of money to keep themselves in good health. It is the reason why it has become such a profitable business. Initially, you can start a center with a few types of machinery, and as the company expands, you can bring in more machinery.
13. Exercise Book Manufacturing
Entrepreneurs can also start their business by making exercise books, and that too with very little capital. Exercise books may also include methods for maintaining health. Do I need to say that this also has a healthy diet chart? The vibrant cover and glossy lamination of the exercise books give an attractive design to the product.
14. Making Cell Phone Cases
The massive increase in cell phone use has given rise to the need for cell phone cases that protect the cell phone from scratches or breakage. It is also the best manufacturing business to start. manufacturing business ideas one simple plastic case costs less than Rs. 20, and the selling price is Rs. 160.
15. Eco-Friendly Disposal
Considering the harmful effects of plastic disposal, the demand for eco-friendly disposal has increased. These are in high order at weddings, parties, mobile food vans, tea shops, etc. You can quickly start a business that produces eco-friendly disposables. This is also the best manufacturing business to start. The investment in this small manufacturing business is around Rs.6 Lakhs.
Conclusion
It is optional that a business can be started only with significant capital. There remains an essential aspect of the manufacturing industry to provide goods for the market and drive the economy. By making a small investment, we can secure our family’s and business’s future. So, the above discussion about Best Manufacturing Business to Start With 15 Lakhs will help you start a business easily.
As manufacturing processes have advanced, so have the skills required, a trend that will continue. In the initial stage, start with less capital, grow it with hard work and dedication, and later expand it to take it to the pinnacle of success. If we begin manufacturing business with small capital, we will get huge profits or provide employment to our people and teach them to work with new technology.
At the same time, it should be remembered that large-scale factory production, first of all, the production of means of production, should remain the basis of the industrial development of the examined countries. Only the development of modern industry forms can guarantee these countries the fastest and most steady movement on the path of progress.
