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Diwali business idea: The festival of Diwali is starting and the markets are shining with colorful lights. If you are thinking of starting your own business, then this festival has brought a great opportunity for you. With a small investment of just 10,000, you can start a business business. During Diwali, the demand for candles increases significantly, as the light of this festival seems incomplete without the light and bright candles. With this business you can earn a good time in a short time. Let’s know the entire process and profit account of this business.
Big earnings from low investment
The candle business is a good profit -making business in low investment. During Diwali, the demand for candles to decorate homes and shops with light increases significantly. Apart from this, candles are also sold throughout the year on birthdays, religious programs and other occasions. To start this business, you have to invest only 10000 to 15000. You can start this business from a small corner of the house.
Easy availability of materials and equipment
No expensive machine is required to start a candle making business. You can initially use cheap molds, in which wax can be added to various types of candles. These molds are available at low prices in the market. The ingredients required to make candles include essential oil for wax, thread, color and fragrance. You can also use Saint to create aromatic candles. All these materials are easily available on local markets or online platforms.
Increase in production from machines
When the demand for your candles starts increasing, you can buy manual, semi-automatic or completely automatic machine. The price of these machines starts at around 35,000. With a manual machine you can make 1800 candles per hour, while with an automatic machine you can make 200 candles per minute. You can avail the government’s currency loan or other loan schemes to increase your business.
marketing strategy
Marketing is very important for the success of any business. You can take orders by visiting shops in local markets, as candles are sold at every shop during Diwali. Apart from this, you can also sell online candles by your brand name. You can also increase your product sales by connecting with e-commerce websites and wholesaler.
Calculation of profit
If you make 100 simple candles, their costs (wax, thread, color, packing) are about 500. These candles can be sold in the market at 10 per piece, which makes a profit of 50%. If you make decorative or aromatic candles, which cost 15 to 50, they can be sold in 50 to 200. In this way you can earn profits ranging from 100% to 300%.