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Lucrative Business Ideas for Entrepreneurs
Small distributorship business ideas that cost little to start can be a fruitful opportunity for any entrepreneur. As per research, small-scale distributorship is globally considered a profitable business opportunity, especially in India.
In India, manufacturing is among the fastest-growing sectors that carry great potential for aspiring entrepreneurs. Prime Minister Narendra Modi through the ‘Made in India' program is working closely in placing the country on the world map as a manufacturing hub in order to provide global recognition to the Indian economy.
The initiative will eventually boost the distributorship industry in India, attracting and welcoming new entrepreneurs on board.
What is Distributorship Business?
Using components, parts, or raw materials for making a finished product is what manufacturing business is all about. In today's manufacturing industry, the entire work is being done by robots, machines, computers, and humans for creating products for different customers.
Distributors sign agreements with different manufacturing brands in order to sell the products of different companies but don’t use the manufacturer’s name as part of their business name. This entire process usually comes under the distributorship channel which has immense potential in a country like India.
Just have a look around your home. The television, the phone sitting next to you, and the computer you're using right now are all products that were assembled and created as part of a manufacturing business, which was later sold through the distributorship channel. The tires on your car and the picture frame hanging on the wall were also most likely produced by this type of business.
Mentioned below is a list of some distributorship business ideas that can interest budding entrepreneurs for a brighter career.
Biscuit Business
Entrepreneurs that are willing to penetrate the Indian distributorship industry could opt for biscuit making business. The business can be operated on a small-scale basis which is one of the most conventional activities that entrepreneurs could target.
Despite the advent of modern, large capacity and automatic biscuit making plants, the large section of people still prefers fresh biscuits from the local bakery as they are cheap and offer many varieties.
Candle Business
Gone are those days when candles were primarily used for the lighting purposes every time there was an affected electricity supply. Now, the scenario is completely different. The candle industry in itself has evolved rapidly with time, generating new usage for candles in the modern time.
Now, candles are an essential part of the decorative element which is also being used for religious purposes. Apart from the traditional long white candle, the demand for scented and decorative candles are also growing.
Agarbatti Business
Agarbatti is a low-cost manufacturing business opportunity that has great potential in a country like India. Being a household product, agarbatti-related manufacturing business could bring in great profits for entrepreneurs.
Indian usually burn agarbatti or incense stick in almost every religious and social function which eventually keeps the demand for agarbattis constant and stable. People burn this as a fragrant fumigant. Also, it has insecticidal and antiseptic properties as well.
Bindi Business
When it comes to great marketing profitability and avenues, bindi manufacturing business is a great option. Since the women population is replacing the traditional kumkum with the decorative designer bindis, the industry will continue to grow in the near future, welcoming new entrepreneurs for business investment.
Bindi making business can be initiated as a home-based with comparatively low startup capital. Bindi is a consumable product and requires both rural and urban women.
