Earn Huge Profits in Bamboo Crafts Making business from Home
Do you plan to start a Bamboo Crafts business from home? Check out a detailed bamboo craft-making business plan guide for your convenience.
Crafts making with bamboo is a bright opportunity for small-scale business persons. In addition to that, the business is stress-free to start with low capital. Even, you can start a business from home. Nowadays, there are huge opportunities for selling bamboo crafts items to a wide range of clients.
Bamboo crafts are very prevalent due to their eco-friendly and durable qualities. This type of crafts conquers a significant position in the handicraft business. As a material, bamboo is sustainable, renewable, and has ecofriendly characteristics.
In this article, you can find information about how to start a commercial bamboo farming business. Also, we are providing the required details on how to start a bamboo crafts business with less capital.
A step-by-step guide to Bamboo Crafts making business in India
Market potential for Bamboo Crafts making business
Currently, the bamboo-made crafts market is growing expressively both in terms of volume and value in the global bamboo market. The important manufacture and consumption of bamboos across various end-use factories are the major causes for this.
Bamboo is a versatile multi-purpose forest harvest that plays a vibrant role in the world’s domestic and industrial economies. Bamboo and bamboo-based items are used for a wide range of indoor and outdoor purposes owing to their profusion and versatility.
Bamboo is an effective substitute for wood and industrial raw materials in both modern industrial and traditional cottage segments. All these factors are contributing to the growth of the bamboo crafts market worldwide. So, starting a home-based crafts-making business with bamboo is a profitable opportunity for the artisans.
Types of Bamboo Crafts Ideas to start the business
The bamboo-based furniture grabs the 1st position in this segment. Additionally, volume-wise, it conquers the first position in the export also. Some of the other most famous products are
- Baskets in various sizes and pattern
- Variety of mats
- Wall hangings
- Sitting Stools
- Bamboo trays, bowls, cups, spoons, and cutlery sets
- Fishing equipment
- Musical instruments
- Weaved bamboo blind and screen
- Barbecue sticks
- Fruit forks
- Party picks
- Backscratchers and ear scrappers
- Rice Spoon
- Plant support sticks
- Seat cushions
- Ice-cream spoons
- Kite stick
- Sticks for incense sticks industry
- Bamboo brooms
- Knife handle
- Bamboo curtains
- Bamboo handbags
- Flower vases and ashtrays
- Folding fans
- Walking sticks etc.
Financial arrangements for Bamboo Crafts making business
Generally, this type of unit requires very little investment compared to other businesses. As you are beginning from home, you don’t have to spend on securing the space for operation. However, you must invest the startup capital for obtaining the equipment and hand tools. Moreover, you have to obtain materials such as wires, bamboos, threads, and different kinds of stuff for decoration purposes. It is recommended to start with your savings. However, you can also opt for applying for bank loans at low-interest rates.
Bamboo Crafts making business plan
Market research for Bamboo Crafts making business
It is significant to understand the exact requirement for the different products. Generally, the local demands are based on the different tastes of the local people. So, it is significant to identify the products which already have demand. Additionally, check the costs of those products. These all will aid you in determining the price of your things.
Registration, license and permissions required to start Bamboo Crafts Business in India
Below is the list of licenses required before starting the Bamboo Crafts Business in India: Registration of firm, GST registration, Trade license, Pollution certificate, MSME/SSI registration, EPI and ESI registrations, Trademark, FSSAI registration, IEC code, and FPO act.
Business Entity: The first registration for any business is to register it as a business entity by knowing about the form of the organization. It could be as a sole proprietorship or a partnership or a limited liability partnership or a one-person company. This will help in availing a few benefits to the business and must, therefore, be selected carefully before registering the business at the Registrar’s office.
Shop Act or Trade License: Bamboo Crafts Business for example in Maharashtra, India requires applying for a Shop Act License from the local municipal authority to run the business. This license helps manage the working conditions along with working hours, leaves, wages, holidays, etc. of the employees and supports the business to run smoothly.
Udyog Aadhaar Registration: The Bamboo Crafts Business is categorized as a small business and hence it must be registered under Udyog Aadhaar which is a registration and recognition for MSMEs- micro, small, and medium enterprises.
GST Registration: Every business, including the Bamboo Crafts Business, should associate with taxes at some point and for monitoring a single uniform taxation structure, the business should get a common GST number which stands for Goods and Service Tax.
BIS certification: Apart from these registrations the business should get BIS certification as well as tax liabilities.
No Objection Certificate from State Pollution Control Board: Bamboo Crafts Business doesn’t cause any pollution so no clearance is needed, however, it is recommended to check it with the State Pollution Control Board of the locality where the business is established.
Prepare a business plan for Bamboo Crafts making business
You must prepare a business plan before opening the business. It must have a financial analysis and marketing approach. Additionally, you must consist of the ways of publicity of your products. A well-crafted business plan aids to initiate the business appropriately. Apart from that, it aids to get investment from banks or funding organizations.
In case if you miss this: Cheese Making Business In India.
Procure resources required for Bamboo Crafts making business
Broadly, the resources contain hand tools, equipment, and raw materials. A set of Bamboo processing machinery includes a Bamboo cross-cutting machine, a Bamboo Internal knot removing machine, a Bamboo Hydraulic Splitter, a Bamboo External Knot removing machine, a Bamboo Multiple Slicing Machine a set of different tools. According to the product you desire to produce, you should purchase the decorative items too. Also, think about the packaging materials. You must look at commercial packaging for your bamboo crafts products which will be appealing the customers.
Investment required to start Bamboo Crafts Making Business
The investment required for starting Bamboo Making Crafts is Rs. 50,000 to Rs. 1,00,000. It depends upon the scalability of your business. You can even start it from home with just Rs. 10,000.
Profit in Bamboo Crafts Making business
As everyone is aware that due to the usage of plastics and metal containers causes pollution, the Bamboo Crafts can reduce the pollution and many of them will encourage buying these eco-friendly products. These are affordable and long-lasting and are safe to use. You can earn 45 to 50% of the profit margin in Bamboo Crafts making business.
How to sell your Bamboo Crafts
Practically, there are plenty of ways you can sell the crafts. Primarily, you can sell from the nearby retail gift shops on a contract basis. Moreover, crafts fairs and street exhibitions are the most appropriate options for selling crafts. In today’s digital era, you should consider selling your crafts through the internet. And innovatively, there are many options online. Primarily, grab the online marketplaces which sell crafts-associated products. You can even plan for e-commerce websites as Amazon, Etsy, and eBay. Additionally, you can also think about designing your online store for selling bamboo crafts products.
Where to sell your Bamboo Crafts
You can sell your Bamboo Crafts in shopping malls or stores. You can also register in B2B websites and B2C websites in online markets to promote your product.
You can also sell your products in supermarkets, small stores in shopping malls, etc. Advertise your product through social media to get a huge number of clients in this way you can increase and promote your business. Even though there are several Bamboo Crafts businesses in India, but the demand for encouraging the new product is also high because of its medicinal properties.
Marketing strategies to promote your Bamboo Crafts business
According to your marketing strategy, you must stimulate your business. You can openly sell the plants from your home nursery. However, selling the plants using some retail space is certainly a better option.
Besides, you can sell the Bamboo Crafts through online marketplaces like Amazon and eBay. Also, you can sell the plants in your online store. Besides, plant exhibitions are a great place to endorse your business to a wide range of consumers.
Bamboo Crafts needs true passion, devotion, and persistence to get long-term accomplishment in this venture.