Automotive Industry at a Glance

The World Automobile Industry is enjoying the period of relatively strong growth and profits, yet there are many regions which are under the threat of uncertainty. Carmakers look for better economies, market conditions which are ideal to have a successful stay in the industry. The automotive industry has a few big players who have marked their presence globally and General Motors, Ford, Toyota, Honda, Volkswagen, and DC are among them. It has also been suggested that automotive industry has accelerated more, after the Globalization period, due to easy accessibility & facilities among nations and mergers between giant automakers of the world.

Moreover, the advancements in industrialization led to a rise in the growth and production of the Japanese and German markets, in particular. But in 2009, the global car and automobile sales industry experienced a cogent decline which was during the global recession, as this industry is indirectly dependent on to economic shifts in employment and spending making, it vulnerable. While demand for new and used vehicles in mature markets (e.g. Japan, Western Europe and the United States) fell during the economic recession, the industry flourished in the developing economies of Brazil, Russia, India and China. Boost in global trade has enabled the growth in world commercial distribution systems, which has also inflated the global competition amongst the automobile manufacturers. Japanese automakers in particular, have initiated innovative production methods by adapting and modifying the U.S. manufacturing model, as well as utilizing the technology to elevate production and give better competition. The World Automotive industry is dynamic and capacious, accounting for approximately one in ten jobs in developed countries.

Developing countries often resort to their local automotive sector for economic growth opportunities, maybe because of the vast linkages that the auto industry of the country, has to other sectors. China is by far the largest market for sales followed by Japan, India, Indonesia, and Australia. Sales figures of 2005 to 2013 indicate that sales for vehicles in China doubled during this period, while Indonesia and India also benefited. However, there was slump in sales during this time in Australia, New Zealand, and Japan. Interestingly, this year competition in the truck segment has become more intense, with the three big U.S. automakers striving for supremacy in both performance and fuel economy. The Japanese aren’t giving up, either, with both Toyota and Nissan launching new pickups in 2015.

India is the seventh largest producer of automobiles globally with almost an average production of 17.5 million vehicles with the auto industry’s contribution amounting to 7% of the total GDP. It has been estimated that, by 2020 the country will witness the sale of more than 6 million vehicles annually. India is expected to be the fourth largest automotive market by volume in the world where, two-wheeler production has grown from 8.5 Million units annually to 15.9 Million units in the last seven years and tractor sales are expected to grow at CAGR of 8-9%, in next five years, making India a potential market for the International Brands. As 100% Foreign Direct Investment is allowed in this Sector, India is expected to have a speedy expansion, to, soon to become the largest automobile Industry. While India is second largest manufacturer of two- wheelers and largest of motorcycles, it is also estimated to become the 3rd largest automobile market in the world by 2016 and will account for more than 5% of global vehicle sales. As large number of products are available to consumers across various segments, providing a large variety of vehicles of all the types, manufacturers aim towards customer satisfaction and loyalty.

Following the FDI policy, entry of a number of foreign players with reduced overall product lifecycle and quicker product launches have become a regular occurrence in the automotive industry of the country. Indian auto market is seen as the potential market which can dominate the Global auto industry in coming years. Moreover, giant dealers and manufacturers are inclining towards the country because of ease of financial norms as well as an environment so conducive to support in their projects.

With Narendra Modi’s Make in India Campaign, the automotive industry is expected to witness quite a few changes, where 800 Cr have been allocated in the Budget to promote the Energy and Hybrid Vehicles manufacturing. This move is expected to cut down the prices making these electric and hybrid vehicles cheaper and more eco-friendly. It is also expected that this move will curb down the carbon dioxide emissions to 1.5% till 2020. This program will subsidize the purchase of new hybrid and electric cars, as well as other vehicle types. It specifies incentives of up to 29,000 rupees for scooters and motorcycles, and up to 138,000 rupees for cars. Three-wheeled vehicles, light commercial vehicles, and buses will also be eligible for incentives of varying amounts as well.

The used cars sector in India has emerged as one of the major industries due to its easy accessibility and lower rate of interests. But growth in used car sales are lower than new car sales as people still prefer to purchase new cars as opposed to buying used ones. A big reason of this could be the fact that there is a reduced supply of used cars, and high prices of these used cars are pushing the consumers to opt for the low priced new cars. But despite of lower growth compared to new cars segment, used car industry has been showing a fast and steady growth. According to the industry analysts, the sales of used cars are expected to boost up in the next few years.

Till last decade, consumers were involved in unorganised sector of Used Vehicles industry, there were no organised players to assist the consumers in buying of used vehicles, and about 60% of used vehicle sales were customer to customer where there is a trust factor. The remaining sales were managed by the local dealers. But then in 2001, Maruti came with the first company of selling used cars in 2001- Maruti True Value. Despite the automobile industry witnessed slow sales numbers in the last few quarters, the used or pre-owned car segment is growing fast, and is likely to accelerate in future. In fact in the last fiscal year, more used cars were transacted, 10% more than the new ones, according to the assessment by Maruti Suzuki India Ltd. and Honda Siel Car India Ltd. With the organised players stepping in, the used cars market has benefited from fair deals, warranties, better retail network, credibility, transparency, easy availability of finances. These have all made buying a used car easy. Organised used car showrooms provide the platform to the prospective consumers to choose cars from various brands and segments. Car makers have realized the potential of used car market and are making conscious decisions to operate in the pre-owned car sector also. Besides exhibiting multiple brands, the branded used car retailers, also offer one-stop shop for all inquiries and grievances. All the major Car dealers have now established their pre-owned car segment retail showrooms, Maruti True Value, Ford Assured, Hyundai Advantage and Toyota U Trust are some of the major used car dealers.

Constant decline in fuel prices and better financial policies in the past year are the factors that are being expected to be the reasons for the number of new buyers to be increased in the market, which declined in 2013-14. But during this period, one segment that benefited from this decline was the used vehicle market, with increased awareness, financial reforms and organized firms. Most of these used cars buyers are younger people who prefer buying Pre-owned cars which come at lower prices and they get a good bargain for the same. Indian used vehicle market which is still, almost quarter of new vehicle market is growing at a rapid pace. The Pre-owned car sector is expected to grow by 15-18% in coming years.

Also with the rising in number of organized players have boosted the amount of confidence people are putting in buying a pre-owned car. These players not only offer a good line up of used cars but also offer finance & extensive vehicle check facility for 100% customer satisfaction.

The Automotive Industry is an important part of every economy as it is interrelated to growth of sectors of the economy. India as one of the progressing economy is resolving towards making its automobile industry more and more successful ultimately, linking it to overall development. With the Make in India Campaign and promotion of eco- friendly vehicles, India is expected to soon to become largest automobile industry globally. Used vehicle industry is expected huge gains with more and more people resolving to it along with the growth in the new car market. With more resources for the buyers and sellers, the automotive industry is expected to flourish meritoriously in coming future ultimately taking the country forward.

Break Even Point For The US Domestic Auto Industry

In April 2009 Ford declared that it would not need government aid and claimed that it had a plan to break even in two years. Ford has been ahead of its main rival General Motors in scaling down its business by selling Aston Martin, Land Rover and Jaguar over the past two years. GM, meanwhile, went through a massive reorganization after filing for Chapter 11 bankruptcy proceedings. GM is temporarily majority owned by US government after it invested $57.6 billion in the company.

Per the plan GM executives presented in congressional hearings the company would reach the break-even point by 2011. They further declared that they would cut costs by eliminating 47,000 jobs, closing five more unprofitable factories and cut at least $18 billion in debt from its balance sheet. It was expected that these cost cuts would allow the company to break even when the U.S. auto market returned to between 11.5 million to 12 million vehicles sold per year.

J.D Power and Associates, a global marketing information services firm, announced its projections about the new automotive industry break-even point. According to Gary Dilts, senior vice president of U.S. automotive at J.D. Power and Associates, due to cost-cutting measures such as renegotiation of union and supplier contracts, the break-even point for the domestic automotive industry will decrease by more than 2 million units when comparing current industry conditions to those forecast in 2010. Dilts explains the reason for this decrease due to the significant declines in the auto industry which resulted in lost sales volume of more than 7 million units between 2000 and 2009. This sales volume makes $175 billion in net revenue.

In automobile industry fixed costs make up a greater portion of total costs. The manufacturing plants, assembly lines and technology invested to build vehicles are some of the items forming the fixed costs. Compared to fixed costs, variable costs form a relatively smaller portion of the total costs. This puts the auto industry into a risky situation due to high operating leverage.

The definition of the operating leverage is the ratio of fixed costs to total costs. The higher a firm’s fixed costs, the higher its operating leverage. In firms having high operating leverage, small percentage changes in sales volumes result in large percentage changes in profits. This variability or sensitivity of profits to changes in sales volume put the firm into a risky position. Per the “Greater Risk, Greater Return” rule this also means more profit if demand and therefore sales volume is high.

In automobile industry since fixed costs are relatively high, during the recession times, as the demand and sales volume go down the likelihood of earnings to cover the fixed costs will decrease, i.e. it will be more difficult for the automobile companies to break even. Therefore the automobile companies start cutting the costs, especially fixed costs, like closing the unprofitable facilities, eliminating jobs. For example, GM sold its unprofitable Hummer to a Chinese company.

The car companies should increase the volume of profitable vehicles and effective advertising activities to be able to sell them to the customers. Increase in the sales volume will help in covering the high fixed costs and reach the break-even point. In August 06, 2009 Edward Whitacre Jr., the new chairman of General Motors, stated that GM needs to improve the number of vehicles sold. To do that, he said, the board may decide to move up the launch of several new vehicles.

Comparing Ford and General Motor’s Consolidated Results of Operations from Form 10-K these two companies submitted to Securities and Exchange Commission (SEC) back in 2008:

Ford (millions)

Revenue: 146,277

Cost and Expenses: 160,949

Net Income/Loss: (14,672)

Volume of Sales: 5.532

General Motors (millions)

Revenue: 148,979

Cost and Expenses: 179,839

Net Income/Loss: (30,860)

Volume of Sales: 8.144

Break-even points for these companies can be calculated using the Revenue, Cost and Volume figures above.


Average Price: 146,277 / 5.532 = $26,441


Average Price: 148,979 / 8.144 = $18,293

To cover its Costs and Expenses Ford had to sell: 160,949 / 26,441 = 6.08 million cars and trucks. To cover its Costs and Expenses General Motors had to sell: 179,839 / 18,293 = 9.83 million cars and trucks. The additional sales volume GM and Ford had to make to reach the break-even point back in 2008.

Ford: 6.08 – 5.532 = 0.554 million

GM: 9.83 – 8.144 = 1.686 million

Best 60 Manufacturing Business Ideas in 2023 with High Profit

Do you want to start a small manufacturing business with low investment? In this article, we will deal with small and medium-scale manufacturing business ideas that require low investment and less manpower.

In most cases, a manufacturing business requires reasonable capital investment in the initial stage. However, once the business is successfully established, the profits make up the start-up investment in a short period of time.

List of 60 Small Manufacturing Business Ideas

#1. Automotive Parts Manufacturing

If you have experience and looking forward to a low-cost start-up business in the automobile business industry, manufacturing spare parts and tools for cars and vehicle manufacturers.

#2. Herbal Hair Oil Manufacturing

Herbal hair oil (Ayurvedic) is gaining immense prominence in modern times. It is exhibiting its versatility owing to its embalming effect in alleviating headaches and causing a soothing effect. This hair oil mainly comprises oils of vegetables in origin as a base and a blended perfume.

#3. Bakery

The bakery business is a very lucrative opportunity for new entrepreneurs. In addition, the business offers a wide range of scopes of expansion. Initially, you can start the business with a small startup capital investment. However, you must procure modern bakery machinery for quality production.

#4. Banana Wafer Manufacturing

An entrepreneur can start a banana wafer manufacturing project with low investment. It is mainly used in hotels, restaurants, bars, homes, etc. To prepare banana wafers, you will need to use green bananas after cleaning, slicing, and frying. This is a popular snack food and has a good demand in the market.

#5. Biscuit Making

You can start a biscuit manufacturing business with a considerably low investment. Additionally, it does not require major licensing. You can select a niche like digestive sugar-free biscuit if you want to attract a specific target audience.

#6. Candle Making

The candle-making business is a good money-making business for housewives and moms who are looking to earn some extra money out of creative passion. However, any individual can start this business with small startup capital and even from home.

#7. Candy/Chocolate Making

If you are passionate about cooking and love the flavor of chocolates, you can start this business from home. A Candy-making business idea is a fantastic way to turn your hobby and skill into a profitable home-based business model. Homemade candies are very easier to make and also quite popular.

#8. Cotton Buds Manufacturing

Cotton buds are very useful household items. are short spindles with one or both ends coated with absorbent cotton padding. With a simple small machine, you can start a small business in the manufacturing of cotton buds.

#9. Designer Bindi Making

Designer bindi is an essential beauty product for women. And there are various types of bindis available in the market. Designer bindi-making business is profitable. And any individual can start this business from home with little money.

#10. Detergent Powder Manufacturing

Almost 67% of the total production of synthetic detergent powders is produced in the small-scale sector has a very big production of soap and 50% of total production in the small sector.

A new entrepreneur can well venture into this field by installing a unit of blue detergent powder to satisfy the present and future demands of people.

#11. Diaper Manufacturing Business

Who else better know the importance of diapers than a mom and dad for a newborn kid? The diaper is such a product that is needed all around the year. The cost of making diapers is also much less. You can make diapers and sell those wholesale.

#11. Microbrewery Business

Interested in tasting freshly brewed beer? Well, you transform that interest into a very good business idea. You can start your Microbrewery Business which will characterize itself with an emphasis on quality, flavor, and brewing technique.

#12. Disposable Paper Plate Manufacturing

Disposable paper plates and saucers as the name suggests are made out of special quality paper reinforced with polyethylene sheets to make them leakproof. These products are convenient to use for serving eatables during family functions, eating chats and snacks, fruits, sweets, etc.

#13. Disposable Plastic Syringe Manufacturing

Disposable plastic syringe manufacturing is perfect for people who have years of experience in the medical product market. This type of disposable syringe generally comes with plastic material.

They are used in the field of medical and veterinary science. They are used for intramuscular and intravenous injections and are disposed of immediately after usage.

#14. Exercise Book Manufacturing

An entrepreneur can initiate an exercise book manufacturing business with moderate capital investment.  Exercise book manufacturing with creative colorful covers and glossy lamination provides the product with attractive looks. You may design the covers at your unit or you can outsource raw materials.

#15. Food Colour Manufacturing

A concentrated food color manufacturing project is a profitable venture for new entrepreneurs. As the food industry is growing at a good pace, the demand for food colors is also expected to rise. The Colouring of food can render it appealing in appearance. Besides this, coloring agents can also enhance the flavor of the food.

#16. Fruit Pulp Manufacturing

The demand for fruit sauces like tomato sauce, chilly sauce, jam jelly, etc remains throughout the year. There are various methods of preservation of food including thermal processing, fermentation, pickling, dehydration, freezing, etc.

#17. Garment Manufacturing

Garment manufacturing business activity is vast. It includes the operations of purchasing fabrics from a textile producer and cutting and sewing them to make clothing materials.

And only after that, you can sell the finished garments. In establishing a successful garment manufacturing business, you will need to be careful in choosing products, purchasing equipment, establishing your company as a brand, and marketing your products.

#18. Ginger Oil Manufacturing

There is a large market for both fresh and dried ginger. The main application of ginger oil is in confectionery beverages and baked products. There is also a minor outlet for the perfumery industry.

The present demand for ginger oil is estimated at 517.68 tons per annum. The demand is expected to reach 4,212 tons by the year 2022. Ginger oil manufacturing is a good potential venture for startup entrepreneurs.

#19. Guar Gum Manufacturing

Guar gum, locally called guaran, is a galactomannan. It is basically the ground endosperm of guar beans. The guar seeds are dehusked, milled, and screened to obtain the guar gum. It is typically produced as a free-flowing, off-white powder. In addition, it is a natural food thickener, similar to locust bean gum, cornstarch, or tapioca flour.

#20. Ice Cream Manufacturing

Any individual can initiate an ice cream manufacturing business on a small-scale basis with moderate capital investment.

Ice cream is defined as a frozen dairy product made by suitable blending and processing of cream and other milk products together with sugar, flavor, stabilizer, and incorporation of air by agitating during the freezing process. Ice cream is consumed by all sections of society, particularly children.

#21. Iodized Salt Manufacturing

The manufacturing process of iodized salt is not very complex. Iodized salt is ordinary common salt treated with potassium iodate 50 to induce the right quantity of Iodine in the diet to enhance the iodine deficiency in people. Salt was the name originally given to the residue left by the evaporation of seawater.

#22. Jam Jelly Making

Jam and jelly, both are very healthy food. Additionally, the manufacturing operation demands a small place. Furthermore, you can start jam jelly making in your kitchen with your kitchen utensils. And as your business grows, you can scale up at any moment in time.

#23. Jeans Manufacturing

Jeans manufacturing or denim production business opportunity demands adequate knowledge about textile design and current trends. In addition, the business demands substantial capital investment.

However, with proper planning, you can start the jeans manufacturing project on a small-scale basis. Jeans nowadays are very popular apparel as casual or informal dress among men, women, and kids also.

#24. Jewelry Manufacturing

Jewelry is a wide industry globally. And there are thousands of different types of jewelry we can find in the market. Generally, artificial, costumes and semi-precious jewelry are the most popular among the wide group of the population.

#25. Jute Bag Manufacturing

Jute fiber is an eco-friendly item. And you can produce different types of bags with jute. Additionally, you can decorate those bags with embroidery, mirrorwork, or beads. You just need to have a good-quality sewing machine.

#26. Leather Bag Manufacturing

Men and women both use leather bags nowadays. And the demand for good quality leather bags is increasing very fast.

Additionally, with some simple hand tools and equipment, you can start this business from home. However, you must procure good quality leather to produce good quality bags.

#27. Matchstick Making Business

Any individual can initiate a matchstick manufacturing business on a small-scale Basis. However, you must maintain the safety measures strictly.

Matchsticks are consumer products and the demand is growing day by day. An entrepreneur having knowledge of channel distribution can start a matchstick manufacturing business with moderate capital investment.

#28. Micronutrient Fertilizer Manufacturing

The micronutrient manufacturing business involves an elaborate process of inventory management, production, packaging, and marketing. Additionally, entrepreneurs having knowledge of the chemical industry can initiate this business with reasonable capital investment.

#29. Mineral Water Manufacturing

Mineral Water Plant normally uses mountain spring water to produce Bottled Water. Whereas  Packaged Drinking Water Plant uses Groundwater through the borewell as the source of water. And then purify with several purification applications to produce packaged drinking water.

#30. Naphthalene Ball Making

Naphthalene Balls are very useful to prevent everything from the attacked by insects. They are extensively used as a household preservative for woolen clothes and as a deodorant tablet for toilets, urinals, bathrooms, etc. You can produce the balls from naphthalene flakes with tablet-making machinery having its ball shape die. This industry requires a little machinery and technical know-how.

#31. Noodles Manufacturing

This is another lucrative small-scale production business you can start with small capital. In addition, at any moment in time, you can scale up the business. Noodles are a very popular food item worldwide. However, you must procure space, machinery, and raw materials to start production.

#32. Packaging Box Making

One can start this venture whether he is living in a metro city or a suburban city area. Every small and big good after production needs a box for packaging.

In addition, every product-based company always looking for an attractive and durable packaging box. And it is the most important item to send the product to the end-users.

#33. Paper Carry Bags Making

Paper carry bags are common packaging materials. In addition, it is an essential item for many industries. The list includes textiles and cloth merchants, dry cleaners, bakers, grocers, stationers, sweet sellers, etc.

#34. Potato Powder Making

You can start potato powder making with a small investment. The location plays an important part in the success of this business. You need to select a location where you can easily procure the raw potato.

In addition, Kufri Chipsona, Kufri Jyoti, and Chandramukhi are the most suitable varieties for potato powder processing. The demand for potato powder is increasing. Because potato powder is easy to use the item for many food processing companies.

#35. Rubber Band Manufacturing

Rubber bands are very useful items. Sometimes we use rubber bands as hair bands. And sometimes we use the bands widely in agriculture, automobile, packaging industry, and newspaper industry. You can start this business at home with a small capital investment.

#36. Soap Making

You can start a soap-making business with some simple equipment at home. Homemade soaps have a great demand in the market. And the required raw materials are easily available in the market. Generally, there are two different types of soap-making processes you can opt for.

#37. Soybean Meat Manufacturing

Soybean Meat or Bari is delicious food. And the demand for this item is increasing very fast in Asia Pacific countries. The production process is simple. Additionally, you can start a business with low capital investment.

However, you will need to procure the machinery and raw materials to start production.

#38. Nail Polish Making

The global Nail Polish market is valued at 9190 million US$ in the year 2018. Industry pundits predict the volume is expected to reach 17600 million US$ by the end of 2025. If you are looking for a small manufacturing business in cosmetic items, nail polish is a product that should be considered seriously.

#39. Soya Sauce Manufacturing

Soya sauce is one of the world’s oldest condiments. In addition, it is an essential ingredient for making several delicious food items. However, you can start a soya sauce production business with a small budget. The production process is also simple.

#40. Tutti Frutti Manufacturing

Tutti frutti is a colorful confection containing variously chopped and candied fruits. The major ingredients for tutti frutti manufacturing are fruits and sugar. You can start the business on a small scale.

#41. Vermicompost Production

If gardening is your hobby, and you have a backyard, you can start this business. And compost fertilizer is considered organic manure. And the process of vermicompost production is simple. However, you must have some skills and experience in starting the business.

#42. Vinegar Manufacturing

Vinegar is a liquid consisting mainly of acetic acid (CH3COOH) and water. In addition, vinegar has a great variety of industrial, medical, and domestic uses. Vinegar manufacturing is a lucrative business opportunity for entrepreneurs.

#43. Woodworking

Woodworking is a comparatively easy business to start with a small startup capital investment. If you can initiate the business at home, then the only investment aspects are some hand tools and wood as raw materials.

Related: Most Profitable Woodworking Business Ideas from Home

# 44. Baking Powder Manufacturing

Baking Powder is a dry chemical leavening agent. Additionally, it is an important item in the food processing industry.

The production process is simple. Additionally, the unit demands simple machinery. With a small infrastructure and low investment, any individual can start a baking powder manufacturing business.

# 45. Disposable Plastic Cups

In this day and age, people increasingly don’t have the time to sit and sip a cup of coffee or tea. This is where disposable plastic cups are getting really popular.  This is a great business opportunity because they have high potential returns.

The manufacturing process is simple.  It does not need much space or much capital to get you going. Also, you can sell the items in your local market.

#46. Small Scale Tannery

A Tannery is a hide and skin processing unit that produce quality finished leathers. And leather products manufacturing companies are the major consumer of finished leather. Needless to say, there is a tremendous opportunity for growth in the Tannery business.

#47. Toy Manufacturing

Toy manufacturing is an evergreen business. This is an all-season manufacturing business where the demand for products does not depend on seasonal changes.

#48. Kitchen Utensils Manufacturing

The demand for kitchen utensils exists all around the year. Items like frying pans, cutleries, and containers are needed in all kitchens. You can buy simple machinery to make these items with low investment.

#49. Crafts Making

If you have a creative mind and you enjoy crafting, then the crafts-making business is just perfect for you.

Related: Profitable Home-Based Crafts Making Business Opportunities

#50. Chalk Making

Chalks are widely used in schools. Additionally, these are essential items in the tailoring industry. Furthermore, the chalk-making process is very simple and any individual can start this business from home.

51. Packaged Drinking Water Manufacturing

The demand for pure hygienic water is growing in most developing countries. Starting a small packaged drinking water plant is no more a costly proposition. If you have some space and a good source of underground water, manufacturing mineral water can fetch you good returns.

Large-Scale Manufacturing Business Ideas

If the investment is not a problem or if you have financial institutions ready to back you up, try a large-scale manufacturing business. This type of business is a big-ticket business that requires large investments but also has the potential for huge profits.

52. Contract Farming

Farming is witnessing a sea change in recent years. The process of farming is becoming more and more mechanized. As a contract farm owner, you are supposed to have an agreement with a large number of farmers and buy the product. It is seen that the average revenue of a contract farm is much more than a non-contract farm.

53. Paper Bag Manufacturing

The demand for paper bags is expected to grow in the coming days due to the pollution hazards of plastic bags. Paper bag manufacturing needs low investment and can be started on a small scale.

54. Electric Car Manufacturing

Big investors are nowadays much interested to invest in startups dealing with manufacturing electric vehicles. Experts are of this opinion. electric cars are going to be an inevitable phenomenon in the transport industry as the supply of fuel is bound to be scarce in the coming days.

55. Manufacture Smartphones

Though the market is fiercely competitive, it is still a lucrative sector as the demand is huge. If you have something new to provide and have a sound financial backup, smartphone manufacturing still can be a hugely profitable venture.

56. Toothpaste Manufacturing

There is a wide demand for low-cost affordable toothpaste all across the world, especially in suburban and rural areas. Additionally, the product is an FMCG product and the cost of starting is reasonable.

Latest Manufacturing Business Ideas

57. Manufacture Ventilators

The demand for respiratory ventilators is on the rise. The supply is much less than the demand. Industry pundits predict the demand will remain in the coming years as respiratory diseases. Factors like virus outbreaks, overall pollution, lifestyle issues, or the aged population.

58. Face Mask Manufacturing

The outbreak of coronavirus has facilitated the demand for face masks worldwide. Manufacturing face masks do not require much to invest.

59. Hand Sanitizer Manufacturing

Hand sanitizer is another product that has seen a huge increase in demand globally. This manufacturing business also does not require much investment to start and can be started on a small scale. Check our guide on how to start a hand sanitizer manufacturing business to know more.

60. Furniture Making

Furniture making is an evergreen business. The demand for furniture items like chairs, tables, wardrobes, beds, cabinets, and desks is available throughout the year. The business of furniture manufacturing is one of the most popular and small-scale manufacturing businesses across the globe.

We hope the above-mentioned small manufacturing business ideas will inspire you in starting your own business venture in the near future.

About the Author: led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.

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The Advantages of Social Media for Business

There was once a time when social media was considered nothing more than a source of entertainment. A place where people went for fun rather than for business. Today, however, businesses realize the importance that social media plays in their promotion and establishment. As a matter of fact, social media plays a huge part in the overall advertisement and set up of the business. You may be wondering what is social media business advertising. Well, it might as well be one of the most powerful means of promotion there is. There are several factors associated with social media, here we introduce some of the major advantages of social media for business to help you realize the critical part that it plays.

Increase awareness about your brand

The many advantages of social media for business start from the introduction of your brand to new people. Statistics say that more than 30% of the world’s population rely on social media to search up new brands and explore different products. This means that displaying and explaining your product on these platforms is sure to get you the attention that your business needs. Furthermore, it helps fortify the beliefs of those clients who have just found out about your business, ensuring they revisit again and again.

Look into your audience

Social media gives you the opportunity to look into the audience that is likely to visit your brand. It gives you the statistics about what is trending and gives you a thorough feedback of the effect of the different tactics you employ. All the preferences of your onlookers, their choices and what they like are displayed neatly in the form of elegant statistics for you to analyze and use. Discovering more about your audience helps you to target them more effectively which is why knowing, what is social media business is so important.

Customer service

Customers have started using the social media platform as a point of interaction with a business. Many times, they won’t contact the business directly but will go ahead to post an online comment. If your business is active on these pages, they can address and solve these issues which increase their worth. Also, they can use this platform as a point of interaction with their customers, seeing to their needs, issues and queries. Customer satisfaction is increased by a lot and ultimately it is a win-win for the business.


Social media platforms act as sources of rapid feedback. This is one of the great advantages of social media for business. Whatever new implications or bugs that may arise are immediately brought to light, which allows the businesses to correct them as soon as they can. If the business is not available, customers can’t express their valuable experiences which impede the progress of the product.

Brand equity

Although it is surprising but the social media presence of a business is used to judge its popularity. The more popular the name the popular the business. This acts to further increase the confidence of clients in the businesses name. It is a great reason why it’s so important to know what is social media business as it can be one of the easiest walks to fame. It’s amazing how people can relate likes or shares to the effectiveness of a brand, but this is now the way it is and it surely is one very useful method to avail to your advantage.

A good eye on your competitors

The advantages of Social media for business are not limited to your business. Instead, you can have a great knowledge of what your competitors are up to too. This helps you strategize and plan accordingly to meet your competition at your best. Like they say, keep your friends close and your enemies, well competitors actually, closer!

Considering all these advantages, it is evident that the advantages of social media for business are uncountable. It is essential that you know what is social media business because it can act as your boost to the top. After all, social media has become an entirely integrated system consisting of a two-way flow of implementation and feedback. We can even go as far as to say that social media is a great way to analyse your own products with the actual live audience. Not only will it help to increase customer satisfaction, it also helps better your business more and more.

Social Media & Its Importance in Business

The entire landscape of marketing has changed with the inception of Social media. Social Networking sites are one of the fastest growing websites in the world. The motive behind SMM marketing is to build a brand in the market and increase its visibility by engaging with potential customers. Due to the continuous development of Internet Marketing Industry, there are many social networking sites, each of which has unique characteristics and purpose.

The people on social networking websites has been increasing day by day not only for personal use but also for business use. But, some people still dig in their heels and say- how SMO marketing is beneficial to me? Does my business need it? Yes, your business needs it, and many companies are providing Social Media Marketing Services, you can hire them to build your business presence. Here are some of the most compelling reasons why it is essential for every business:

Helps in Driving Traffic

Marketing your business on Social Media can bring the other users than usual customers. The people who already know about your business are likely to search for the same keywords for which your business already ranks for. Not making use of Social media may lead to difficulty in getting more loyal customers outside your circle. Every piece of quality content you post on any Social Media site is a big opportunity to acquire a new customer.

Boosts SEO and Improves Search Engine Rankings

Now Social networking sites are themselves becoming search engines. If you put efforts on the social networking sites, in your SEO strategies, you will definitely get positive results. It may be possible that Google and other search engines calculate the rankings by taking into account the social media presence. Though, it is not enough to regularly update the blog, Meta descriptions, titles etc. on your website; it has also become imperative to update or communicate on Social networking sites. It means to rank higher on SERP’s for a given set of keywords, having a strong presence on social media is essential.

Less Marketing Cost

It is enough to spend 1 to 2 hours every day in social media rather than spending 6 hours every day to generate increased traffic. Just spending 1 hour in developing your content and syndicating it is more than enough to see the results of your efforts. Paid advertising on Facebook to boost your post is not costly; you can try it with less amount without any worry and increase it once you get to know that you are getting results as per your expectations. You can increase your budget and consequently conversions.

Increases Conversions

Any content, image or any post that you put on Social Network platforms is a big opportunity for customers to convert. It provides you with access to new customers as well as old customer, which allows you to interact with them. Every piece of content on social media is a chance for someone to respond or react and each response or reaction can lead to website visit, consequently a conversion.

Increases Brand Recognition

Social Networking sites are the latest channels for your business voice and content. They make it easier for you as they help to interact with your existing as well as a new customer. For instance, a regular user of Twitter may come to know about your business for the first time or an already acquired customer may feel better and attain more trust on your brand after seeing your presence on various networks.


SMM Marketing, if done correctly can lead to brand awareness, recognition, drive more traffic, and increase conversions. If you are looking forward to get started or you are not sure where to start, then hire a social media marketing agency and achieve success in your business.

The Significance of Social Media for Business Marketing

Let us talk about a simple fact, which is, social media presence is really significant for your business these days. This significance is growing at a great speed with each passing day. No matter you are the owner of a local shop in your area or running a company or business at a national level, you need to understand its significance for a while. It is crucial because it is an essential piece of the marketing strategy of your business.

What are the potential benefits of using social media platforms for your business? It helps the business owners to connect with potential customers all over the globe. It let them boost up their brand awareness without much efforts & time investment. All of this will consequently increase sales & ROI for your business.

For all those people, who still don’t have social media business profiles, this guide is worth-reading. Here are the top reasons for which you must invest in this wise business move.

# Build brand awareness

The people will only come to you if they know your business otherwise not. This is the reason it is vital to make the people know about you. Social media increases your visibility within short time amongst your targeted customers & you can reach a wider audience this way. The most amazing thing about all social media platforms is that it let you create profiles free of any cost. You have to invest time in making an effective strategy for social media.

#Communicate authority

In this digital era, the people before making a final decision about the brand they support, browse your company’s website profile. The choice is yours whether you proffer them the rich information source via these two things or they end up finding an empty storefront. If you are looking for the best ways to build up authority as a company, you must be careful in this scenario. All you need is a robust social media profile with updated content about you. In this way, you will be able to make your very first impression in a positive manner. As a company, people recognize you reliable, knowledgeable & most importantly approachable. Your potential customers will also have confidence in you this way.

#Offer support

Gone are the days when there were communication barriers amongst customers & the companies. In fact, social media platforms have broken down all of them. Now the customers don’t need to call the company to ask any sort of query or seek help. Instead, they turn to social media platforms like Twitter, Facebook etc to get their problems resolved or find any sort of information.

For offering great customer support as a company, make sure to develop your repute as a caring & responsive brand for your customers.

#Grow affordably

Small companies or start-ups can’t usually bear the huge costs of business marketing campaigns. Social media marketing tactics are a suitable alternative to this. No matter what your business is about & what is its size, you always have the opportunity to grow your business & achieve its goals reasonably. Instagram & Facebook ads are of key importance in this regard. When it comes to ad campaigns, the major thing you need to know is your targeted audience & aims to achieve.

There are so many other things that make social media platforms an important part of business marketing. Don’t ever get stressful managing it as it is not something complicated. Let us start with the first step i.e. creating your business profile without wasting any time.

Six Figure Home Business Ideas – 3 Goldmine Home Business Ideas You Can Start Right Away!


You don’t need me to tell you that the economy is looking pretty bleak across the entire World right now! The fact is, now more than ever is a perfect time to leave that uncertain and stressful job and journey on to a business of your own. Read on and discover 3 home business ideas you can start quickly, can be done by anyone, can be done successfully in ANY ECONOMY, and have a huge potential to make you a six figure salary!

Mail order Sleep Business –

Create a mail order business which you’ll specialize in selling products to help people get to sleep! These products could be things such as meditation tapes, special bedtime nightwear, special pillows, informational products that reveal secrets on how to sleep better, etc. Sleep is a forgotten but HUGE market nowadays. Due to the increased stress in most people’s lives, getting a good night’s sleep has definitely become a top priority for so many!

Affiliate Marketing Online –

Affiliate marketing is an easy and powerful business anyone can do right at the comfort of home. Simply sign up for affiliate programs online, choose a product you wish to sell, and start selling. There are a ton of success stories of those who went from rags to riches with affiliate marketing. You can even get started for free!

Success Consultant –

Start a business providing your consulting services to help people achieve success in life. Start off by determining what your client’s definition of “success” is to them. Assess their strengths and weaknesses, and then suggest, as an example, a different career, a different approach in their current job, business, etc.

Those 3 goldmine six figure home business ideas above can be started quickly, easily, and on a low budget! 


Developing A Successful Entrpreneur Business


So, you want to start your own entrepreneur business? First, it is important to understand the definition of “entrepreneur business”. An entrepreneur is a person who is engaged in private ownership of business, and who may specialize in finance, brokering, or may be an executive of a large organization. A business is an enterprise involving buying and selling for capital gain. So, an “entrepreneur business” most often refers to the establishing of a vibrant business, and a willingness on the part of the entrepreneur to respond to their niche market with innovative and desirable products and ideas.

As a business, you will want to research and develop you business plan. Here are a few steps to consider:

1) Identify your target audience.

2) Identify what your target audience needs that your entrepreneur business can supply.

3) Network with suppliers and distributors.

4) Create a marketing plan.

5) Create a sales prospectus.

6) Test your product with members of your target audience prior to each product launch.

As an entrepreneur, seek out and employ methods for brokering deals that can help generate product ideas and create more opportunities:

1) Join local organizations to build your local contact list.

2) Don’t be shy about mailers and flyers. The average mailer may yield a 1-2% return, flyers often yield twice that.

3) Work with your college alumni organization to offer a sponsored discount.

4) If you are in finance, save time by purchasing broker lists that allow you to pre-qualify leads before you contact them. You can acquire lists that select contacts based on zip code, income, age, etc.

Owning and Operating your own business can be very advantageous to your goals and dreams. It will take hard work and effort on your part but we know in today’s economy it can still be very beneficial to you and your end destination. If you are worried about creating or starting your own business? I say, don’t be. This can be one of the most exciting adventures of your life to embark on. There are so many people out there and books to help every step of the way. Create a plan and learn how to market your plan and get to work!

The most successful new businesses are ones that resonate with what the owner is passionate about. Starting your entrepreneur business will take inspiration, energy and again lots of hard work. In the end, you will work for yourself, and it will be worth it all.


Risk Management – Some Practical Ideas on How to Minimise Risk in a Business



Risk is a given in any business and it can be damaging to a business and even threatens its survival. It is therefore essential to be aware of the various risks, to understand its potential impact on a business and to know how to manage it effectively. This article gives some practical guidelines on how to minimise risk. The discussion is done under the following headings:

  • Planning;
  • Relationships;
  • Hedging;
  • Discipline.


Detail planning goes a long way in reducing risk. Planning should include the following:

  • Feasibility studies. It is important to ascertain the viability of a new venture through a proper feasibility study.
  • Business planning. A business plan gives the detail of how, when and by whom the strategic goals will be achieved.
  • Cashflow projections. Too many businesses go under due to cashflow problems that could have been prevented. It is essential to plan for anticipated cash in- and outflows and the timings thereof.
  • Financial planning. Good financial planning covers many things including projected management accounts and the underlying ratios. Pre-emptive observation and correction of any potential profitability-, liquidity and solvency problems reduce the risk of running into financial troubles.
  • Project planning. Any substantial ad-hoc project in a company is normally handled more efficiently through proper project management. This includes mergers and acquisitions, new product launches and expansion into new territories.


When companies evaluate risks they often forget about the human element. This is potentially one of the most fatal risk factors. Relationships should be nurtured. Specific relationships that are important include the following:

  • Suppliers. Good relationships with suppliers are just as important as with any other stakeholder in a business. It makes business sense to negotiate good credit terms with suppliers and to pay them as late as possible, but once an agreement is in place commitments need to be honoured.
  • Customers. Customers should always receive excellent service and be handled fairly and with respect. A large proportion of business normally emanates from existing clients. A specific bad practice is to try and make a quick buck out of a client through very high margins.
  • Employees. Companies often pay lip service as far as the importance of their employees are concerned. Confidentiality agreements and restraints of trade can reduce some risk of unhappy or dishonest personnel, but it can never be as effective as a team of loyal and motivated employees.
  • Financiers. Transparency and information is essential for investors and bankers. Nobody likes to be blindsided or to get unpleasant surprises. To deliver more than what is promised is also a good practice. In difficult times financing can mean survival.
  • Other Stakeholders. Relationships with all other stakeholders should also be kept in place. This can be the local government, governing bodies in the industry, service providers and others.


The essence of hedging is to circumvent a potential negative effect in business through an action, product, etc. Hedging is typical in the financial domain, but by working cleverly it can also be achieved (to a certain extent) on an operational level. Some of the ways to hedge the operations of a business are given below:

  • Suppliers. To have back-up suppliers (especially for critical products, raw material and services) is a good practice. This keeps a company from being held ransom by an un-cooperative or out-of-stock supplier.
  • Products. Any company should continually add new products to its offering. To rely on only a few good products can be very risky.
  • Manufacturing. It is worthwhile to consider different manufacturing plants (if the size of the business justify it). The risk on the business due to factors such as natural disasters and labour disputes is thereby reduced.
  • Distribution. Back-up warehousing facilities and distribution channels are advisable.
  • Customers. We have seen successful companies that had serious problems when they lost their biggest customers. Customer risk can substantially be reduced through having many (and loyal) customers.
  • Geography. Political or economic instability in a country can be very dangerous for the businesses that operate there. Wherever possible it is advisable to spread the risk over many geographical areas.
  • Seasonality. Product- and service offerings that cater for various seasons have a very positive effect on cashflows and minimise the potential risks associated with it.
  • ICT. Very few companies can survive without proper information and communication technology. Back-up procedures and of-site facilities reduce the potential risk.
  • Financial. Financial risk management is very prevalent in large international businesses. If you sell your products in the international arena there are many products available to hedge the various risks. Risks that need to be catered for include currency, interest rate and commodity price risks.


Discipline can reduce risks in all aspect of business. Discipline should apply to all aspects discussed above as well as to the following:

  • Expenditure. Expenses should be kept under control -especially in times of affluence.
  • Debt. Debt assists a business to grow. A business with too much debt is, however, very vulnerable for liquidation in adverse conditions.
  • Cashflow. A lack of sufficient cashflow is a potentially fatal business risk. Cashflows should be managed diligently.
  • Growth. Business growth requires additional working capital. Uncontrolled growth can lead to financial distress and even bankruptcy and should be avoided.


Risk in business is a reality. When these risks are successfully managed the rewards can be substantial. If not, a business can run into serious problems and even collapse. It is unnecessary (and stupid) to ignore risks. By adhering to a few basic principles these risks can be reduced drastically.

Copyright© 2008 – Wim Venter