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Business Startup Ideas E-Commerce Startup

How to Start Toys Manufacturing Business in India in 5 Steps!

Toys are an integral part of our childhood. Popular among babies, kids, teens, and even adults, everyone loves toys. Toys not only entertain children but also help them to develop the horizon of their imagination, dexterity, and more.

According to National Investment Promotion & Facilitation Agency, ‘the toy industry in India is estimated to be $1.5 billion, which is around 0.5% global market share. The Indian toys industry is also estimated to grow to $2-3 billion by 2024’.

The report also stated, ‘the demand for the toys will increase by 1.2 times in Tier II and Tier III cities by 2025’.

The toy manufacturers in India are mainly located in Karnataka, Maharashtra, Tamil Nadu, NCR, and across central Indian states. The sector has 4,000 toy industry units from the MSME sector.

Last year in August 2020, Prime Minister Narendra Modi also urged the young entrepreneurs to focus on bringing innovation in the toy sector as the Indian toy market has huge potential.

The Prime Minister also suggested that the start-ups should come up with creative designs and innovative toys that can instill a sense of pride and can help our domestic toy makers.

Apart from the domestic market, the toy manufacturing business also has potential in foreign trade.

Recently, the Swedish furniture maker IKEA announced to upscale the sourcing of toys from India on March 1, 2021. IKEA has a range of over 1,000 products as part of its kid`s range and is planning to expand its operations by sourcing toys in New Delhi.

Starting a toy manufacturing business is a brilliant low investment business idea. Here are 5 steps in which you can kick start toys manufacturing business startup in India:

1. Research your market

Whether you are planning to start a café or toys manufacturing business, it is essential to do market research. Having adequate and well-researched information will help you to create a business model. You will not only learn about your competitors but also about your target audience.

Hence, before starting a toy manufacturing business in India spend months researching to gather as much information as you can about this business.

2. Bring Innovation!

The toy manufacturing business does not need a huge investment to start it. However, there is one thing that you should have to succeed in the market- creativity!

Try to design unique toys and their exceptional designs will make you stand out from the rest of the toys manufacturer. Toy businesses in India are fast-paced, which means that the market will keep evolving. Your customers will want different things in a very short time. So, it is very important to be creative to meet the demands of your customers.

3. Find your Niche

The toy manufacturing business in India is booming with plenty of opportunities and competition at the same time. If you want to start a toy manufacturing business, you need to know what it takes to succeed in your niche market. Whether you want to manufacture soft toys or you would also like to venture into the market of electronic toys, you must make a decision.

Finding a niche market not only allows you to find your target customers but also gives in-depth knowledge to cater to their needs and preferences.

4. Raw Materials

The process of manufacturing toys is easy and simple. You will need basic raw materials that include pattern, fabric cutting, mold making, fiber for stuffing, sewing machine, eyes, and nose pinching.

However, if you want to venture into the manufacturing of electronic toys then you will need a toy manufacturing machine and raw material. Along with it, you will also need to hire a staff.

5. Toys manufacturing machine

If you only want to manufacture stuff toys, you will need raw materials of premium quality and a sewing machine. But, if you want to set up a manufacturing unit, you will need to secure a space first. Finally, you will need to install the toys making machinery. Some of the most vital machines and equipment are:

  • Digital Multimeter
  • Temp controlled
  • Drilling machine
  • LCR meter
  • Analog meter
  • Tool kit
  • Electronic screwdriver
  • Combined soldering desoldering station
  • High-speed mini drill set
  • Digital storage Oscilloscope
  • Tools, equipment, and dies, etc.

You will also have to obtain a fire protection system to protect your unit from fire. The initial investment might take around INR 2,00,000 to 5,00,000 if you want to start a toy store in India.

The toy manufacturing business in India has potential in the domestic as well as the international market. The main driving factor behind its growing popularity is the increased demand for quality and luxury goods.

Are you thinking about setting up your own toy manufacturing business in India? With our ‘Everything about Entrepreneurship’ course you will not only learn how to start a startup but also how to make it successful.


Join Free orientation Session-Dr Vivek Bindra

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Business motivation

5 Steps to Start an Online Clothing Business

Convenience has been the driving force behind a plethora of innovations. The COVID 19 pandemic has put a pause on our real-time shopping activities. As a result, the demand for online clothing businesses has risen. Many clothing business websites have been cropped up in the past few months.

According to a paper published by Technopak in Business Today, “the $130-million e-retail apparel has attracted investments worth $70 million, or 40% of the total funding Indian online retailers received in the past two years”.

So if you are an entrepreneur who wants to enter into this segment, starting a clothing business online has a lot of scope in the market.

  1. Find your Niche

Not everyone is your customer. Every business has a niche market, so you need to do your homework. The better you know your customers, the better are your chances to give your customers what they want.

You will be dedicating a lot of time to your business, so research well. Always keep in mind that your clothing business idea is creative and authentic.

  1. Business Plan & Startup Capital

Having a well-researched business plan is very important. A business plan is a road map that will guide you to reach your ultimate destination. From manpower, warehousing, marketing, costing, sales to delivery logistics, and fund requirements, a business plan consists of everything.

Whether you wish to manufacture clothes or want to sell them wholesale, your business plan must be as per your need.

  1. Showcase your USP & Pick your brand name

What sets you apart from the crowd? What makes you different from your competitors? Why customers should buy your product? It could be your designs, your premium quality fabric, authentic patterns, or fine-cuts. Find out your USP and build your marketing strategy on it. It will not only set you apart from your competition but will also attract customers.

Once you have defined your USP, it is time to pick your brand name. A brand name is going to represent you in the market. So, make sure that the name is catchy, easy-to-remember, and crisp. Most importantly, it should define your USP.

  1. Choose an e-Commerce platform

Whether you decide to sell clothes online or planning to set up a clothing store, choosing an e-commerce platform is beneficial. An e-commerce platform will help you to connect your store with your potential customers.

This will give you a platform to showcase your designs to a wider set of audiences. Even those who are sitting far away will be able to buy from you.

  1. Build a Website

Create a visually appealing website. Having an official website can provide benefits to your online business. You can accept orders round the clock, provide excellent customer service, and showcase all your products.

As consumers are likely to stay home for a longer period due to the pandemic, starting an e-commerce clothing business can be profitable. If you are interested in starting one, join our ‘Everything about Entrepreneurship’ course and learn the in-depth concept of the clothing business from the industry experts.

To know more about our course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

Ease of Doing Business in India: 4 More States Complete Ease of Business Reforms, Total 12 States Become Eligible To Mobilise Additional Financial Resources

New Delhi, February 7: The total number of states in India that have undertaken ‘Ease of Doing Business’ reforms stipulated by the finance ministry has gone up to 12 with the addition of four more states. On Saturday, four states — Assam, Haryana, Himachal Pradesh and Punjab undertook the ‘Ease of Doing Business’ reforms. With this, these states have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings.

The ease of doing business is an important indicator of the investment friendly business climate in the country. Improvements in the ease of doing business will enable faster future growth of the state economy, a finance ministry statement said.

In India, total 12 states that fall in the list include Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana, Assam, Haryana, Himachal Pradesh and Punjab which was confirmed by the Department for Promotion of Industry and Internal Trade (DPIIT). After completion of reforms facilitating ease of doing business, these twelve states have been granted additional borrowing permission of Rs 28,183 crore.

In May 2020, the government had decided to link grant of additional borrowing permissions to states that undertake the reforms to facilitate ease of doing business. In view of the resource requirement to meet the challenges posed by the COVID-19 pandemic, the Government of had on May 17, 2020 enhanced the borrowing limit of the states by 2 per cent of their GSDP. Half of this special dispensation was linked to undertaking citizen centric reforms by the states.

So far, 17 states have carried out at least one of the four stipulated reforms and have been granted reform linked borrowing permissions. Out of these, 12 states have implemented the “one nation one ration card” system, 12 states have done ease of doing business reforms, 5 states have done local body reforms and 2 states have undertaken power sector reforms. Total reform linked additional borrowing permission issued so far to the states stands at Rs 74,773 crore.

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Business motivation

5 Low-Cost Business Ideas for Young Entrepreneurs to Enhance their Skills

‘Success may come to the first movers, but success stays with the fast movers’. Starting your own business is a dream, but if you stay confused about which industry or sector you must choose, you might keep waiting for a long time.

Every business has its challenges, however, if you are determined and confident about your skills you can find amazing business ideas that are profitable in 2021.

For young entrepreneurs who are passionate about making their mark, here is a list of low-cost business ideas:

Repairing of Mobile Phones & Computers

If you are an undergraduate but have dreams of becoming an entrepreneur in India, this idea is perfect for you. If you are interested in computers, you can do simple hardware repairing certification course. It is one of the most profitable low-cost business ideas that do not require you to have any degree. You can set up a shop in your locality and start earning by repairing mobile phones & computers.

Create a YouTube Channel & do Brand Promotions

In this world of digitalization, the definition of entertainment has changed, completely. Today, young entrepreneurs are earning well by creating engaging content and promoting popular brands on their YouTube channel.

Starting a channel on YouTube is easy and hassle-free. It is a low-risk business idea, which is perfect for young entrepreneurs who are filled with unique concepts and exclusive ideas. All you need is a phone and a video editing app to create short videos that scream entertainment.

Become a Translator

Love learning new languages? Then becoming a translator is an excellent business idea for young and aspiring entrepreneurs in India. Various companies in the country are looking to expand their reach globally. They are willing to pay people who can speak foreign languages like Japanese, Chinese, German and Spanish.

So if you are interested in learning a foreign language, you can make good money from this by offering your translation services to individuals as well as companies.

Fitness Guru

Today, people are becoming health conscious more than ever. Thanks to our unhealthy lifestyle and hectic work schedules, more and more millennials are turning towards fitness trainers for good health.

If you are crazy about physical fitness, you too can become a fitness trainer. There are many certification courses available as well. You can set-up a gym and become a qualified fitness guru.

Online Tutor

With BYJU`s joining the Unicorn Club in 2020, online education has become a popular thing. If you have proficient knowledge about a certain subject, why not use it constructively? Due to the pandemic, many students are looking for a subject matter expert to help them in their studies. Becoming an online tutor is an excellent business idea that is profitable and involves no risk. Your subject knowledge can help you earn handsome money.

If 9 to 5 desk jobs do not excite you, fuel your entrepreneurial skills with our amazing business ideas. However, with proper guidance and expert knowledge, you can reach your goal quickly.

What does it take to become India`s no. 1 entrepreneur? Deep insights of great mentors who are ready to help you throughout your journey! And our Everything About Entrepreneurship course provides you exactly that. Why not connect with us for more information?

Take the first step towards your brighter future, by clicking here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Startup

Small Business Ideas: 4 Businesses You can Start Right Away with Minimum Investment

People are increasingly quitting their 9-5 jobs to establish their own businesses. More and more young adults are beginning their entrepreneurial journey. However, one the major limitation the business aspirants face is selecting the right business to start and establish. Not all business ideas are feasible and materialise into an actual start-up. To begin with, entrepreneurs should look for small businesses, which can be started at a small scale with minimum investment. Such businesses can be started with the least number of employees  in a sole proprietorship set-up. Start-Up Ideas: Here are 5 Businesses You Can Establish and Run Under Rs 20,000.
Small businesses can be started easily without much financial or human investment. Here are 4 small businesses you can start right away:

Customised Clothing Business 

One of the most popular and sought after product in the apparel industry is customised clothes. More and more people are looking to have their name, pictures, quotes, symbols etc on their clothes. Starting a customised clothing business on an online as well as offline platform will be profitable. It doesn’t require much investment. However, one should a basic understanding of designing and colour schema. Here are 4 Profitable Startup Business Ideas that Give you High Returns.

Bakery 

Another low investment and big return business is of bakery shop. People are moving towards homemade food options and drifting away from factory-made packaged food items. One can bake cookies, cakes, pastries, cupcakes and a variety of breads an sell at decent profitable prices. Simultaneously, starting an online channel instructing how to bake will provide additional source of income.

Photography 

If one has a knack for angle, dimension and can capture the aesthetics beautifully, then photography is the business to go for. All one needs to do is set up a website and social media pages displaying your photographs and creating an awareness about your business. It is also a well-paying, all weather business.

Online Book Store 

Despite the coming in of various tech products, many avid readers prefer books over screens. Create an online portal through which people can exchange, rent and purchase books. All one needs to do it make a network of book readers, source books (used, new) and create awareness about the book portal on social media.

Many small businesses have proven to be highly successful and profitable for the entrepreneurs. Continuous and dedicated efforts by the start-up owners ensure long term survival and success of the business.

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Business motivation

Here are 4 Profitable Startup Business Ideas that Give you High Returns

A brilliant innovative startup idea alone can create a game-changing business. If we trace the business history of India, we will realize that the market is the playground for ambitious entrepreneurs.

These ideas, if well-executed, can build you a company with low investment while getting you the highest possible returns.

If you feel you too have the business acumen to influence the market but do not have an idea, to begin with here is a list of business ideas:

Event Management Company

If you love to hang out with people, building a strong social network, exploring venues for parties and events, meeting with sponsors, and doing everything that requires you to be on the field 24 x 7, then this business idea can make your dream come true.
Event managers can barely spend any time in the office. Hence, with a good marketing strategy, you can earn lakhs and crores.

Wedding Planner

Indian weddings are a matter of fascination for the entire world. Whether the economy is going down or booming, weddings never go out of fashion. From an intimate and personal affair to ‘big fat Indian weddings’, the wedding industry presents great opportunities for those, who love planning, decorating, and building social networking.
The initial investment is not typically low, however, the returns are in lakhs and crores once the business scales.

Food Catering Business

Everyone loves delicious food! Every occasion like parties, birthday ceremonies, anniversaries, and weddings require great food to make it even more enjoyable. Hence, venturing into a food catering business can be an ideal deal.

For a food catering business, all you need is a kitchen and small staff to cook lip-smacking cuisine, serve, deliver and manage logistics.

Travel Agency

As the millennial-generation has started spending money on exploring various places, the travel industry in India has witnessed a boom in the past decade. Keeping to traveler`s changing needs, this business idea is perfect for aspiring entrepreneurs to invest their money.

Initially, do not invest money and tie-up with a host-agency instead. By doing so, you will get help with ARC, IATA, or CLIA numbers faster. This step can help you earn higher commissions while keeping your costs low.

As Walt Disney said, “If you can dream it, you can do it”. On that positive note, we would like to say just one last thing. So while each of the above-mentioned business ideas has its fair share of risks & surmountable barriers, they also hold great potential to make you the next successful entrepreneur.

If you too are looking to make a great start with innovative business solutions, join our popular ‘Everything about Entrepreneurship’ course. Visit https://www.badabusiness.com/?ref_code=ArticlesLeads now

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Startup

Start-Up Ideas: Here are 5 Businesses You Can Establish and Run Under Rs 20,000

As the start-up ecosystem in the country is blooming, more and more individuals are looking to establish and run a business of their own. They are quitting their secured and salaried jobs and venturing into a world of uncertainties yet extremely rewarding Start-Ups. The start-up mania is not only restricted to the larger places in the country, many highly talented and skilled people from tier – I and tier-II cities and even rural areas are planning to start their own business.  One of the most important criteria while making the decision about establishing a start-up is the availability of funds. How to Start a Coffee Stall Business Under Rs. 20000.

Many start-ups find it difficult to survive in their initial days owing to shortage of funds or irregularities in funding. Some of the people who want to start their own business also give up on their dreams owning to lack of adequate funds. However, there are certain businesses which can be started without much investment. Here are 5  start-up ideas to establish and run business under Rs 20,000

Bakery 

If you have a knack for baking delicious and mouth watering cakes, cookies, pancakes, chocolates among others, starting a bakery is the perfect idea. Home-made food items are especially bakery items are in huge demand. More and more people are avoiding ordering cakes from commercial bakeries and looking for home made alternatives. Opening a bakery is a perfect low cost idea for people looking to start business below Rs 20,000.

Ice-Cream Palour 

Another food related business idea which is low cost as well is to a ice-cream palour. You do not need an elaborate  or lavish set-up to start the business at least. One can place the order on credit with any supplier. The initial investment requires a good refrigerator and a little advertising about the launch of the shop and wait for the inflow of customers. February 2021 Shubh Muhurat Dates: Lay foundation for New Business venture on these auspicious dates.
Candle Making 

Different varieties of candles are very much in demand. They are used to give as gifts, mementos, saviours among others. Various scented candles are highly popular these days. A bit of creativity and artistry is all what you need to have to start this low cost and investment business.

Pottery Articles 

These are people are moving towards more eco-friendly products. The demand of pottery products is increasing. It is an extremely low cost business idea to start any time. All of new to have is some mud, a potter’s wheel and knowledge of pottery making.

Pet-Care Centre 

If you are found of pets and like to spend time with them, then you can start a pet care centre. If does not require much investment just a spacious arena and few facilities. It is extremely well paying as more and more pet owners look for well equipped and furnished set-up  for their beloved pets.

These are some business ideas which you can undertake to establish and run the business successfully without any hurdles and without worrying about the sources and regularity of funds.

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Business motivation

3 Brilliant low-investment Online Businesses to Start Now!

Have you lost your job recently or want to quit your dead-end job to follow your dreams of starting an online business? If you can feel yourself nodding, then keep reading!

The Indian startups of today are the MNCs of tomorrow that can go a long way in achieving the goal of ‘Astmanirbhar Bharat’, Prime Minister Narendra Modi said, after laying the foundation stone for the permanent campus of IIM-Sambalpur in Odisha through video conference.

According to a report published by Forbes India, ‘the Indian startup ecosystem flourishing rapidly, with more than 25 startups becoming a billion-dollar company and joining the Unicorn club.”

Now, when the growth is so phenomenal, it is an excellent time to start your online business. But firstly, it is very important to understand that your perfect online business idea should consist of three things:

a). It should be something you like doing

b). It should be something you are good at

c). and it should be something that is in demand and you get paid for it.

So whether you already have a business idea, or are confused about it, worry not! We have curated a list of 3 low-cost online business ideas that you can start this year:

  1. ONLINE BOOKKEEPING

Just like so many other professions, even bookkeeping has gone online. If you are an accountant or a college student who is good with numbers, you can start offering your services online to companies. All you have to do is set-up a client account and manage it online.

  1. LANGUAGE TRANSLATOR

Despite the technology taking the front seat, the demand for skilled translators is soaring high. It is one of the best online business ideas that do not require any investment. All you need to do is build your profile online on various sites that are looking for translators.

  1. AFFILIATE MARKETING

Being an affiliate marketer can be profitable if you know about digital marketing and blogging. Affiliate marketers earn commission on sales by promoting the products of other people. Affiliate marketing is often combined with wth blog writing. So if you have a blog page that is both engaging and followed by users in large numbers, becoming an affiliate marketer is an excellent low-cost business idea.

The online business ideas we have mentioned above do not require a huge investment. In fact, they are brilliant zero investment business ideas. If you want to have a business on your own, learn the most essential things that you will require when setting up your start-up with our Everything About Entrepreneurship course.

It will give you some of the simplest tips and will guide you from the beginning and throughout your journey. To know more about this course, visit https://www.badabusiness.com/?ref_code=ArticlesLeads and we will get back to you!

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Business motivation Startup

Want to Have Your Own Business But Facing Budget Issues? Here are 5 Businesses You can Start Under Rs 10,000

The world is living in the era of entrepreneurial development and start-ups. More and more people are drifting away from the ‘regular-income job’ mindset and exploring various fields to establish their own business and be their own bosses. The present entrepreneurial generation aims to start their own business and fulfill their dreams. They want to bridge the gap between their passion and profession. The biggest problem however remains the budget. Every person needs a certain amount of seed capital to establish the business and comply with the legal requirements. Prarambha: Everything you must know about the Startup India International Summit! 

Many people give up on the dreams of having a business of their own, owing to shortage of funds and capital. However, there are certain businesses that can be started with a pocket friendly budget. Here are 5 start-up ideas to establish business with Rs 10,000 –

Jewellery Making

There is a lot of demand of customised and artificial jewellery. Not only young generation, people from all the age groups look for fashionable jewelleries for celebratory and causal occasions. In does not require any official set-up or office space, basic raw materials like beads, strings, and artificial jewellery pieces among others to start the business. Such jewelleries can easily be sold at online stores, exhibition and haats. Agriculture Business: 5 Budget Friendly Businesses You Can Start in Agriculture Sector.

Vlogging

Vlogging is an extremely low-cost business which is highly popular these days. Many youngsters are taking up it professionally. They make videos and upload it on various video platforms such as YouTube and Vimeo, and earning money. People can make videos following their passion and expertise. It requires minimum investment in a good camera phone and video editing software.

Food Truck

Another interesting business for people who love travelling and cooking is to have a food truck. It works as a mobile restaurant too. The biggest investment in this business is to have a truck or any other accommodating vehicle. Once a truck is arranged, all that remains is grocery and hit the roads, make food, serve people and earn money while doing the thing you enjoy.

Yoga Trainer

More and more people are adopting and including Yoga in their fitness regime. If someone have an expertise in Yoga, by becoming an instructor of practise one can earn a good amount of money and ensure a regular stream of income. There is no need to any material investment; however the person should have a proper training and knowledge of the art. Many people are giving Yoga classes through online channels, making people fit and health, and earning money.

Bakery

Another interesting and delicious business one can start with a minimum investment is homemade cakes and cookies. People are avoiding buying food items from large stores and restaurants and looking for homemade alternatives of the same. Starting a bakery does not need much of an investment; all it needs is regular kitchen supplies and a pinch of creativity.

Shortage of investment remains the biggest drawback for people who want to start their own business. However, there are certain low budgets businesses people can start with minimum costs. You are start small, work hard and make the business a success.

 

 

 

 

Categories
Startup

Agriculture Business: 5 Budget Friendly Businesses You Can Start in Agriculture Sector

One of the most important and reliable source of income of millions of people in India is agriculture. Various families have been involved in agriculture and related activities from generations. The business of agriculture and farming has evolved from being a source of subsistence to one of the biggest commercial activities in the country. Apart from providing employment and income to people who are directly involved in it, agriculture also ensure employment generation through various allied activities such as transportation, warehousing, construction among others. Home Business Ideas: 4 Brilliant Work From Home Ideas That You Should Consider Taking Up.

Today agriculture is not merely restricted to harvesting and sowing of crops, rather the sector has diversified and incorporated various other activities. Here are five profitable business ideas related to the field of agriculture –

Ornamental Flower Business

One of the most profitable and low cost businesses in agricultural sector is of growing and selling ornamental flowers. They are used as decorations in almost every celebration and have a strong demand all over the year. From birth anniversaries, marriages to get-togethers, flowers are used as decorations in personal and professional celebrations. Apart from celebrations, ornamental flowers are used for gifting purposes as well. Start-up this business would cost merely Rs 30,000 to Rs 40,000.

Nursery Business

Another business stemming out from agriculture is starting a nursery and selling plants. As more and more people are growing eco-friendly and environment conscious, they are buying plants and sapling for their homes and offices, thereby providing a good business to the nurseries. A fair knowledge about the various species of plants and their growth requirements is, however needed to start and sustain the nursery business. COVID-19 Impact: 5 Tips to Help Your Businesses Recover from Coronavirus Pandemic.

Organic Fertilisers

As people are becoming more environmentally conscious they are moving away from chemical and synthetic fertilisers towards organic and natural ones. Starting an organic fertiliser business is also very profitable and simultaneously contributes towards the conservation of the precious natural resources. Farmers are increasingly taking up organic farming, government is also encouraging traditional and eco-friendly methods of agriculture therefore producing and selling organic fertilisers is a sure shoot success venture.

Organic Vegetables/Fruit Supplier

An offshoot of organic farming, organic vegetables and fruits are in huge demand all over the country. People are drifting away from processed and packaged foods and looking forward to consuming more natural and organic vegetables and fruits. The demand for organic food products have surged over the last few months. Various restaurants and hotels also look out to but fresh and organic vegetables.

Online Grocery Store

Though not directly related to agricultural practices, but a grocery store does use the finished products from framing as its goods. People now prefer to buy anything online and avoid going out. Opening a local grocery e-store and providing fresh vegetables and fruits to people will prove to be a profitable venture. All one has to do is make an app, contact some local vegetable, fruits vendors and establish a delivery network.

Agriculture and allied activities still employ more than half of the population in the country. Starting a venture in this sector is mostly budget friendly and ensure profits to the entrepreneur. These are all season business and ensure steady and regular stream of business.