Nowadays, many people are looking for big money with very little investment. If you are looking for something similar, then we are giving you a better business idea. Money has to be invested only once. After this, you can earn a hefty of millions of rupees throughout your life. The specialty of this business is that the demand for this always remains. This is a business of masala making unit. Very few money is required to start this business. Spices have an important place in the kitchen of India.
Many varieties of spices in the country produce millions of tonnes. It is easy to make and it is prepared based on the regional test and flavor. If you have a taste and understanding of flavor and a little knowledge of the market, then you can earn thick by applying a spice making unit.
How much will cost for spice making?
A report by Khadi and Village Industries Commission (KVIC) has prepared a complete blueprint for setting up a unit of spice. According to this report, it will cost Rs 3.50 lakh to set up a spice unit. Which will cost Rs 60,000 on 300 square feet building shed and Rs 40,000 on equipment. In addition, there will be a need of Rs 2.50 lakh for the expenditure on the work starts. Your business will start in such an amount.
How will fund be arranged?
If you do not have this much amount, then you can also take a loan from the bank to start this business. A loan can be taken for this business under the Pradhan Mantri Employment Scheme. Apart from this, the help of Mudra Loan Scheme can also be taken.
Where to buy goods
You can buy spices and machines on wholesale or online through this link. https://www.indimart.com/
How much will be earned?
According to the project report, 193 quintal spices can be produced annually. In which a total of Rs 10.42 lakh can be sold in a year with a price of Rs 5400 per quintal. After reducing all the expenses in this, there will be a profit of Rs 2.54 lakh annually. That is, more than 21 thousand rupees will be earned a month.
How to increase profits?
The report says that if you start this business in your house instead of rental place, then your profit will increase further. On starting a business at home, the total project cost will decrease and the profit will increase.
Increase sales with marketing
Your product is sold on your designer packing. Consult a packaging expert for packing and improve your packaging. You introduce your product in the local market. Install direct contact in shopkeepers and homes. Apart from this, create a website of the company and mention all the products in it and also create social media pages, so that the whole world can know about your product.
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