THERE ARE SO MANY WAYS TO EARN MONEY THESE DAYS. BUT THE MAJOR PROBLEM IS INVESTMENT BUT HERE….
PAPER BAG MAKING MACHINE
I will discuss a highly profitable business opportunity. A bank loan is accessible for this venture, and the government provides subsidies as well. This business operates on a small scale. Every shop in the market requires our product that. The demand for this product is substantial among our target customers, ranging from local vegetable vendors to shopping malls. However, how can we identify the product? The business we are exploring is the PRODUCTION OF PAPER BAGS, which are in high demand in the market. Following the ban on plastic, the need for paper bags has significantly increased. Therefore, entering this market at this time presents a lucrative opportunity for profit. Additionally, we can supply paper bags to various establishments, including grocery stores, pharmacies, restaurants, hotels, and vegetable vendors.
- PROCESS:
To initiate this business, we require three specific objectives.
- The acquisition of a paper bag manufacturing machine is essential. This machine should offer both printing capabilities and various print options. Consequently, we will be able to print the customer’s brand name on the paper bags if they order. This includes the ability to print the complete brand name, address, and phone number for their convenience. The estimated cost for these machines range between ₹3,50,000 to ₹5,00,000.
- Following the initial steps,
- To successfully operate this business, a minimum space of 1,500 square feet is essential. This area will accommodate the installation and operation of machinery, as well as the storage of raw materials on one side and finished products on the other. It is imperative to have a mission operator who possesses substantial experience in this field. Additionally, a team of four to five members will The paper bag making includes, processing the paper bag a team will be responsible for feeding paper in the machine, applying glue, adding laces, weaving, and preparing the products for transport.
- The machinery will operate solely on a three-phase current due to its heavy automatic nature, which necessitates high power consumption.
- In terms of materials, the business will focus on producing paper roses using jumbo papers, specifically those measuring between 150 to 200 centimeters. There is a color selection available, with brown and white paper being readily accessible. Upon receiving an order, if a specific color is requested by the customer, it can be supplied by our company, although this may require additional time. The cost for one kilogram will be approximately 30 to 30 rupees, and initial expenses, including lossless tax, may reach up to Rs 1 lakh.
The selling price for one kilogram of paper bags can range from 45 to 60 rupees, allowing for a potential profit margin of ₹15 to ₹20 per kilogram. This margin can be enhanced by offering a private print option, which adds an extra ₹5, and by producing square bottom paper bags, which can contribute an additional ₹5. Thus, an average profit margin of ₹15 can be anticipated.
- PROFITS
The mission’s ability to generate 700 kg of paper daily indicates a potential profit of ₹10,500. By producing these 700 paper bags each day, we could achieve earnings of up to ₹3,00,000 monthly.As previously mentioned, if we focus on creating branded paper bags or square-bottomed paper bags, there is a possibility for increased revenue.
Next, we should identify our target customers and strategize on how to market our project. Potential clients include grocery stores, pharmacies, restaurants, hotels, stationery shops, cafes, and bakeries, all of which have a substantial customer base. The primary focus is on the customer. If we can effectively communicate the benefits of our product and offer customization with their brand name, we are likely to secure orders. Consequently, we aim to compile a list detailing the monthly demand for paper bags. This approach will provide us with a clearer understanding of our production needs.
