NAIL POLISH Manufacturing: Start Up

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. . .women whoever she is use cosmetics, and painting their nails is a good business. . .


— Shabab Khan


Nail polish making business is a million dollar industry in cosmetic products. Nail polish is a lacquer kind of product that is used to decorate and to protect human fingernails or toenails. The demand of nailpolish is growing rapidly particularly in urban areas owing to several factors such as greater purchasing power because of higher income, desire to look better and more attractive etc.

A person having knowledge about the trend of beauty and fashion industry can initiate this venture with moderate start up capital.

Training For Nail Polish Making: This is almost first necessary step to start nail polish making business. If your educational subject is chemistry it will give you extra support to learn the process and formula. You can have some online tutorials and classes to get proper knowledge.

Nail Polish Making Business Plan: Write a detail plan of your nail polish making business. Determine the startup capital, return, what type of nail polish you are going to make, whom you will offer your product, objectives and goals of your nail polish making business.

It is always advisable to a specific project report in hand before get into the production.

Compliance For Nail Polish Making: Check the legal formalities of nail polish making with an attorney. In India, you will need to obtain license under the Drugs and Cosmetics Rules, 1945. You need to submit an application in Form 31 along with a license fee of Rupees 2500 and an inspection fee of Rupees 1000. You will also need to obtain Trade License from local authority and need to apply for sales tax.

Sourcing For Nail Polish Making: As per your desired nail polish type you will need to procure the raw materials. The main ingredients that you will need have, are Plasticizers, dies and pigments, solvents, adhesive polymers, resins, thickening agents, ultraviolet stabilizers and the container for packing.

There are various type of nail polish is available like Shimmer, Glitter, Frost, Luster, creme, Matte etc. determine your raw material sourcing according to the type of nail polish you want to make. Initially go for some sample production.

Experiment with colours: Check the recent trend of nail polish in the market. Colours are most important deciding factor of getting success in nail polish making business.

Promote Your Nail Polish Making Business: Initially you can tap your local market. Cosmetic retailers, beauty stores, salon owners, beauticians will be your customer for nail polish. You can contact retail brands to have a tie up as nail polish supplier. To establish your nail polish brand in the market it is important to have an intensive dealer network also. Online presence is important to make a brand successful. Create a website with product detail and price. You can go for an eCommerce site also where from people can buy your product online.



(Author is an Export Entrepreneur, Journalist, and Social Activist

Tea Bag Making |Profitable Business Idea

PRODUCTION

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★ Tea Bush in a Tea Plantation Facility.

Tea bag making business  recommended to prepare a customized project report according to your budget and required production capacity. In business plan clearly fix the marketing strategy, business objective and mission statement.

Legal Compliance for Tea Bag Making Business:

In initiating the venture you will need to determine the legal pattern of the business. You can start with a registration of a One Person Company or you can register with LLP, Pvt Ltd or Ltd Company. Obtain Trade License from local authority. Apply for Pan Card. You will need to have Sales Tax registration. This type of small scale manufacturing doesn’t demand NOC from Pollution Control Board. Choose a memorable, catchy name of your brand.

Machinery and Raw materials for Tea Bag Making Business.

Tea Bag making machines form tea bags with string & tag from heat sealable filter paper. It’s an automatic operation where the bag forming filling, sealing and attachment of the string and tag is fully automatic. Easy to handle and operate equipped with all contact parts of stainless steel. Several operator friendly semi-automatic and fully-automatic machines are available in the market. Select machines as per your production requirement.

Check the warranty period:
Make sure you are buying machine which is meant for business is properly warranted, go for branded even if it costs you little expensive.
Selection of variety of tea is the main factor to get quality product in tea bag making business.

Quality:
Organic tea, Green tea, Herbal Tea, Assam tea, Mixed Blended tea are the most popular tea variety generally used to make tea bags. Normally one tea bag holds approximately 1-4 ounces of tealeaves. Also you need to source the quality paper make tea bags from reliable suppliers. Other essentials are packaging materials like tags, pouches and card board packets.

Marketing Idea for Tea Bag:
As tea bags are consumer goods you need to be focused on creating brand equity, maximize brand visibility and promoting brand usage. You can start selling locally by establishing a distribution channel. Contact with the retail brands to have a tieup with your business.

In India hotels, restaurants, clubs, business houses, hospitality management companies are the major consumers of tea bags. You can go for some creative deigns of tea bags.

Register your product with different online shopping portal to attract online consumers. Create a non liner presence of your tea bag making business. Give some rich informative content there about several varieties of tea and their great tastes.

Congo!! Two years later, you are all set to an extent where Export can be considered.

Thanks:
— Aparna Singh (Production Manager: TATA TEA)
— Matsaeye Ishaque (Quality Analyst: Gangtok East Plantation)



(Author is an Export Entrepreneur, Journalist, Social Activist.

Let Your Gold Earn For You !!

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Making Money with Gold

— Shabab Khan

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SBI has launched a Gold Deposit scheme to make use of privately held stock of gold and reduce country’s dependence on imported gold.

This scheme was earlier launched in 1999 but wasn’t successful then. But we think this would be a good time for a bank to make use of high gold prices and thus would make a lot of sense now.

The scheme invites investors to deposit their surplus gold, in any form, with the bank and earn interest on the same.The minimum amount of gold deposit is pegged at 500 grams (1/2 kg), which is probably beyond the reach of general public at large but for high networth individuals, temples and trusts, this would be a great investment opportunity. The gold which was lying idle in locker of a bank can now earn them interest.

The gold so deposited with the bank shall be checked for purity and melted at the Government of India mint. A certificate of purity will then be issued by the Government, which can be used by the investor to claim back the gold after the maturity period. The bank has also clarified that the expenses incurred on assaying of gold shall be borne by the bank and will not be passed on to the customer. During the investment tenure, the deposited gold will earn an interest, which is currently tagged as 1% (3 years), 1.25% (4 years) and 1.5% (5 years). The investment shall be locked-in for one year.

Premature withdrawal, after the lock-in period but before the maturity, shall attract a penal interest of 0.5% if withdrawn within 3 years and 0.25% thereafter. However, unlike the regular deposits, interest here is calculated in grams and not in rupees. Thus, an investment of 500 grams of gold for three years shall earn 5 grams of gold as interest per annum, compounded annually.

At the end of the maturity term, the interest so earned shall be converted into rupee equivalent of gold then and paid to the investor. For the principal investment, investor will have an option to claim back pure gold (0.999 purity) or cash equivalent of gold as on that day. The scheme is also attractive from tax perspective as the interest earned as well as tax on any capital gains arising from rise in price of gold after maturity is exempt from tax. Gold so deposited has also been exempted from wealth tax.
For small individual investors, this is out of reach.

However,investment in Gold (though not in form of jewellery) will make a lot of sense in 2009 and would fetch good return in a 6 months to 1 year time frame. Reason for that is simple – countries will try to devalue their currencies to be more competitive globally so no investor or bank would have faith in the forex of any country in the short term to medium tenure.

Gold is the best asset class to hedge against that scenario. So, Gold prices are bound to go up in 2009. However, small investors should either buy gold coins which they can easily sell or they can invest in Gold ETFs (Exchange Traded Funds). The gold prices are currently at Rs 15000/-. Sell them when the prices reach 18000/-. That would be 20% return on investment within 6 months.

Not a bad deal at all ..!!


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