Best Business Under 1 Lakh – Many of us aspire to be entrepreneurs. Starting a new business involves huge investment. Some are interested in starting a simple business and some think of starting a manufacturing business. If you are thinking of starting a construction business with low investment, then this article is for you. What are the top 30 best small manufacturing business ideas that can be started under an investment of Rs 10 lakh? If you can afford some more investment, these can turn out to be the best construction business ideas to start with Rs 15 lakh.
The process of converting raw materials or components into finished goods for sale directly to consumers or to other manufacturing units is a manufacturing business. A manufacturing unit can be simple with few processes required to very complex. It employs a man and machine setup with division of labor. Simple manufacturing units do not demand much capital and can be set up with minimum efforts. This article presents some manufacturing business ideas that require a small capital investment.
Best Business Under 1 Lakh
The manufacturing business has entered a dynamic phase. It has high growth potential, but one must forget the innovation factor in it. Traditional methods of production as well as marketing will no longer work. Only those manufacturing units that have adapted to the changing climate have survived. Also, the degree of competition in every sector is now very high, which can drag down profit margins.
Best Manufacturing Business To Start With 10 Lakhs Or 15 Lakhs
Here is a list of Rs 10 lakh business investment. If you can afford more then you can invest up to Rs 15 lakh.
1) Packing boxes and cartons – Packing boxes and cartons are widely used in our daily life. Goods are transported within the country or outside the country using these boxes and containers. Its manufacturing machine costs between Rs. 5 – 10 lakhs to start a good business less than 10 lakhs.
2) Optical frame manufacturing – The manufacturing of optical frames for any kind of spectacle is increasing at a very fast pace. Its manufacturing process is very simple. You can import machinery from China or any other country which will cost around Rs. 3 lakhs to 5 lakhs. Since plastic is cheap, the cost of raw material is very low, the screws are added manually or with the help of machine and the final part is designed if required. The total cost of manufacturing a plastic frame is around Rs. 150 to 200 including labor charges and its selling price is around Rs. 250 to 300.
3) Manufacturing of Incense Sticks – You can start a business of manufacturing Incense Sticks. The profit margin in this business is Rs. 10 per kg and you can easily prepare 100 kg of raw incense in 10 hours with the help of a high-speed machine. The price of the machine is around Rs. 4 lakhs
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4) Customized t-shirt printing – You may have seen people wearing t-shirts with their own name or some personalized message. Such t-shirts are very much in trend these days. These are made with the help of t-shirt printing machine. This can be another great business idea.
5) Tissue Paper Making – Tissue papers are in demand everywhere, be it restaurants, coffee shops, tea stalls, food centers, weddings, parties etc. You can start a manufacturing unit of tissue paper. A tissue paper making machine costs less than Rs. 5 lakh The scope of growth in this business is huge. This is one of the best small manufacturing business ideas to start with low investment.
6) Making Jute Bags – Jute bags are used to pack different types of food grains. For this business, you need two simple machines – one for cutting and one for sewing and with the help of two or three workers, you can easily start this business. This is a very low investment business.
7) Packaged Drinking Water – There is a huge demand for packaged drinking water in commercial and residential areas. With the increasing hygiene concerns of people, its demand has increased even more. You can pack drinking water in different sizes like half liter, 1 liter or 10 or 20 liter bottles.
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8) Making Designer Candles – Designer scented and colored candles are in demand throughout the year and especially around festivals. They are used as decorations in homes, birthday parties and weddings, restaurants, hotels etc. Candles are manufactured with the help of machines and are not expensive. This is one of the best manufacturing small business ideas to start with low investment.
9) Making Cell Phone Cases – The huge increase in the use of cell phones has triggered the need for cell phone cases that protect cell phones from scratches or breakage. It is a very profitable business. 1 A simple plastic case costs less than Rs. 30 and the selling price is Rs. 150
10) Towel Making – You can start production of towels. They are always in demand in homes or hotels. Manufacturing cost depends on machinery and raw materials used in manufacturing. Generally, its small scale business can be established between Rs. 5 to 7 lakhs
11) Health and Fitness Center – Keeping yourself fit has become the need of the hour. People are spending good amount of money to keep themselves with good health. This is the reason; It has become such a profitable business. Initially, you can start a center with a few types of machinery and as the business grows you can bring in more recently.
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12) Treating Spa Services – Spa is a great medium to relax mentally and physically. Spa treatments include body treatments, facial massages, aromatherapy, hydrotherapy, manicures, pedicures, etc. This is the best business under 10 lakhs to start. You need to ensure a good and peaceful atmosphere and soothing environment for this business.
13) Manufacture of ball pen – A ball pen costs between Rs. 5 to 10 in the market, so just imagine how much less it would cost to manufacture. It is a small scale industry requiring very little investment and production is in bulk. Use only good quality ink and build a good reputation. Design and appearance are also very important in this business. This is one of the best small manufacturing business ideas under Rs 10 lakh.
14) Soap and Detergent Manufacture – Soap and detergent can be easily manufactured with the help of man and machines. These are routine items that are used in every home, so the demand is constant. Nowadays, herbal soaps and detergents are preferred over synthetic ones. So prepare a good eco-friendly formula and get good benefits from it.
15) Manufacture of toys – There are many toys available, from which one can choose plastic or wooden or similar toys. Prepare its full range. Toy making is an art. You can use your creativity to diversify it. The investment depends on the toy you choose. This is one of the top manufacturing small business ideas to start for high profits. This can be one of the best businesses to start with an investment of Rs 15 lakh
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16) Manufacture of Firecrackers – Firecrackers are in high demand during festivals and wedding season. Bright and colorful crackers are called for to celebrate the occasions. The raw material of this industry is very cheap with very good margins.
17) Women’s Accessories – Accessories like earrings necklaces, bangles are one of the favorites of every woman. There are many designs that can be made like stone work, beadwork, silk thread etc. The focus should be that the raw material should be good and the design should be unique. Use your creativity and come up with the best jewelry designs to take your business to successful heights.
18) Protective packaging materials – With the introduction of e-commerce, the demand for protective packaging materials like foam sheet, thermocol sheet, bubble sheet has increased tremendously. Their manufacturing process is quite simple and the investment is around Rs. 10 lakhs
19) Eco-Friendly Disposal – Considering the harmful effects of plastic disposal, the demand for eco-friendly disposal has increased. They are in high demand at weddings, parties, mobile food vans, tea stalls etc. You can easily start a business that produces eco-friendly disposals. The investment in this small manufacturing business is around Rs. 5-7 lakhs.
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20) Garment Manufacturing Unit – With the growing fashion trends, garments are in the highest demand and have been forever. You can set up a garment manufacturing unit with an initial investment of Rs. 8 to 10 lakhs
Conclusion: It is not mandatory that a business can be started only with large capital. At the initial stage, start with a small capital, nurture it with hard work and dedication and later, you can increase it further.
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