Here are some of the homemade products business ideas that are gaining momentum now and will stay in the market for their rising demands.
Self-care has become the most important luxury these days and the continuous stress and hazardous lifestyle are fueling the need for multiple folds. Also, there is social media pressure of looking good, or picture-worthy, which has resulted in a growing number of beauty-enhancing products, technology, and brands in general.
A lot of people are actively participating in the beauty industry as either franchise owners or as founders and are running the business not just well but carving their own identities in the world of beauty.
Here are some of the homemade products business ideas that are gaining momentum now and will stay in the market for their rising demands:
The bathing bars and soaps available in the market are loaded with chemicals and other hazardous products, which causes damage to the skin, after using it for a longer period of time.
There has been a significant increase in the demands for home-made soaps and bars, which are free from chemicals. The investment required for starting this business is Rs 10-15 lakhs and the ROI would come around 30-35% within 8-12 months. All that matters in this business is good marketing and consistency in meeting the demands of the customers.
Not just soaps and bars but homemade body lotions are also gaining popularity thanks to the ayurvedic and organic revolution that the wellness industry of India is undergoing.
The trick to being successful in this business is the variety of flavors, you offer to the customer. Keep it limited and experiment only when the demand starts skyrocketing. It is not advisable to start experimenting with flavors when the demands are low.
The natural ingredients and the essential oils fall under the expensive products, which is why buy them in bulk and keep the bandwidth limited. There is a huge demand for home-made body lotions so use the opportunity wisely.
The investment required would fall under Rs 5-10 lakhs and ROI would be 40-50% in 1-2 years.
Cosmetics as the category goes by is heavy with chemicals, which will cause severe irreversible damage to the skin and people are now aware of it. Thanks to the awareness and alternative options of homemade cosmetics available in the market, the demand has risen.
Natural preparation of cosmetics is a difficult task and requires precision in skills, so select your workforce wisely and train them well. Keep the team small and motivated to keep the work going for as long as you can.
The investment required would be Rs.15 Lakh and ROI would be 25-30% within 12-15 months.
You can also help other women by giving them employment because this business is based purely on skill and the proper measurement of ingredients that make the quality of this product.