Vending Machine Business Incomes – Earning a Six Figure Profit

When entrepreneurs first start to considering vending as a business opportunity, one of the first questions that they often ask is if it is possible to earn a’ six figure’ income in this industry.

‘Six figures’, or $100,000 or more in pre-tax earnings per year is still seen as a reasonably good benchmark for success by many people. They want to know that they will have a realistic chance of hitting this income level within a few years before they put their time and capital into a new business venture.

Let’s look at some of the factors that typically separate the operators with ‘six figure’ vending machine business incomes from the rest.

Part Time or Full Time?

It is common to start off doing vending part time while also keeping a regular job. Some vending machine business operators make a nice income to supplement their day job salary. However, to reach the $100,000 profit level you will probably need to eventually go full time.

Understand Vending Machines

Successful operators understand vending equipment and closely follow industry developments. Understanding in these areas allows the business operator to acquire good quality machines for the best prices and to organize their maintenance effectively.

Branding

The winners in this business understand that branding is important. If you establish a name and a reputation for yourself over several years then you will find that new accounts will come to you instead of you having to go out and get them all the time.

Organization

The high income earners in the vending machine industry are organized and manage their time well. Computer systems and software can be used as a way of collecting data that can help a vending machine business owner make crucial decisions that can affect profitability. While some see vending as a way of earning easy passive income, the most successful players realize that this comes many years down the road and that there is a lot of work to do before you get to that point.

Master the Art of Sales

Getting new locations comes down to having an attractive offer and solid sales skills. To be successful you need to fine tune the art of scoping prospective locations, getting appointments with decision makers and selling them on what your machines can do for them and their business. Good vendors find ways of making their machines more marketable such as working in cooperation with charities.

Hiring Employees

While you can start off doing everything yourself you will soon find that to scale your business up to the’ six figure’ income level you will need to hire reliable staff to do the footwork for you while you concentrate on growing your business.

Customer Relations

Always maintain the highest standard of customer service. Service machines regularly and keep them clean and presentable. Never give ‘decision makers’ at your locations any excuse to ask you to take your machines off their premises. If you maintain good relations with managers at each location you may even be able to sign them up for additional machines. This can be an easy way to increase revenue without having to find new clients. You will also get referrals from your clients if you keep them happy.

Commissions

Most of the vendors that see a decent level of income learn how to deal with the issue of commissions. Selling your vending machines on the advantages that they offer to the staff, management and patrons of an establishment is better than selling them on a percentage of the takings. Successful vending machine business operators do however realize that some locations are so good that a commission can be justified if it is required to win the account.

Attention to Detail

Vending is a numbers game and the top entrepreneurs in this industry realize the variables that must be focused on to improve income levels. To get to a decent level of earnings you must maximize your locations, maximize the quality of your locations, reduce the frequency of machine breakdowns, reduce commission paid to location mangers and maximize the efficiency of your employees.

Getting the right product mix, or category management is also crucial so that your stock sells well and so that you don’t run out of some items quickly while others are slower to sell. In this way you can increase sales and reduce the frequency of visits to re-stock machines.

The Right Attitude

Determination and a willingness to learn are important attributes for an operator to possess. A vending business can be tough in the first year and you have to get used to constant rejection as you try to place machines. The key to success is to learn from failure and rejection and to see them as opportunities to learn how to improve and refine your systems until you find ones that work. Keep trying, trying and trying again and success is inevitable.

Could you earn a ‘six figure’ vending machine business income? With the low barriers to entry and low startup costs that this industry offers it is definitely an opportunity worthy of consideration.

The Benefits of Greenuptown CNC Spring Coiling Machine

Springs have been an inseparable component of the machine industry since the start of the industrial revolution. Every machine of any field of technology makes use of springs. These are developed in different shapes and sizes to match the machine’s structure and provide optimum functionality. They are used in small components such as pens in the form of compression springs to the larger components such as cars in the form of suspension springs. Thus, manufacturing and utilizing them in the best possible way are of tremendous importance in today’s machine industry.

For producing efficient and durable springs, spring coilers are used. They are important for producing a spring of the desired shape and size. They consist of different components and parts, but most of them have the same configuration. Some of the spring coiling machines are developed using high-end components to provide enhanced durability and versatility so that a single machine can manufacture different springs.

Greenuptown manufactures efficient and durable spring coiling machinery to enable high levels of production with maximum precision. Greenuptown provides machinery modes across the 2,4,5 and 8 axes. This machinery is designed to produce maximum results with high precision in a limited amount of time. Thus, the components of these machines are durable and produce high levels of performance. The machine comprises high-quality Feed rollers, block guide, cutter, pitch tool, Arbor, coiling point, and wire guides. These components ensure efficient processing and durability of the spring coiling machine.

Greenuptown machinery provides maximum precision and high-performance levels for wires ranging from 0.15mm to 16mm. This advanced machinery provides various additional features for efficient and durable spring processing. Some of these features include Mandrel in/out movement, O.D control, USB Data interface, On-screen diagnostics, Roller pressure gages, Micropulse handles, rotary and straight cut. These and many other features have proven to be very beneficial in producing the best quality springs in different sizes and shapes within a set amount of time.

Greenuptown is very well-known in the production of CNC spring coiling machinery. CNC machinery is helpful for high-speed manufacturing while following the performance and result guidelines. Greenuptown has a tremendous amount of experience and a very successful track record in the spring coiling machinery industry. Greenuptown is recognized as the leading manufacturer and producer of automatic spring coilers. The spring coiling equipment developed by Greenuptown is of advanced technology and made by using premium raw materials to ensure maximum safety and performance levels. Greenuptown manufactures spring coilers of various types and models and helps your industry meet the necessary machinery requirement. As mentioned earlier, Greenuptown is a renowned name in the spring coiling industry, and thus, they only employ highly skilled professionals who work very hard for manufacturing spring coiling machinery according to the international laws and standards.

Greenuptown’s unique and advanced approach to spring coiling technology has revolutionized the machine industry. Our machinery is used by different industrial sectors such as electronics, automobiles, toys, home appliances, and sports facilities in manufacturing springs of different types and sizes.

Specialized Insurance for Logging and Wood Product Industries

Who can dispute the fact that the loggers and related business holds so much risk potential? Because this industry comprises of activities where damages, injury and even death can occur, not many insurance companies are willing or experienced enough to write correlated policies. As such, only those carriers that offer the specialized coverage are approachable for the industry.

About Logging Industry Insurance

Logging companies evolve around felling trees in the dense forests, transporting the logs to the saw mills, and everything in between. Related coverage can be acquired from the specialty companies that place a focus on the localities where logging is essential to the populace’s economy and associated exposures. These professionals are in the know about the involved complexities of equipment risks as well as the vehicles used for transporting the timber. While liability is at the forefront, the workers compensation aspect is difficult to place and experienced hands-on management is necessary.

About Loggers Broad Form Property Damage Liability Coverage

In essence, this type of loggers’ coverage is a fire coverage insurance form. This insurance guards against risks of ‘care, custody and control’ in relation to loggers that do their work on land that they do not own or with trees belonging to someone other than themselves. The policy ensures recompense for the physical damage or destruction of tangible property of others. It also incorporates loss of use from an occurrence that directly is related to the work of the loggers and includes expenses from an incident that is directly associated to logging operations. The coverage also incorporates costs associated to firefighting efforts in a fire that was caused by anyone the logging company is responsible for by law.

About Insurance for the Wood Products Industries

In a broader sense, Any member of the lumber industry – including those that work in wood products – recognizes that insurance coverage is a real necessity.

Here are some businesses that need differing types of specialized lumber insurance:

• Those that deal with construction materials

• Cabinet makers

• Manufacturers of doors

• Distributors of drywall

• Furniture manufacturers

• Hardware stores

• Manufacturers of laminated beams

• Manufacturers of log homes

• Lumberyard businesses

• Manufacturers of millwork and windows

• Pallet builders

• Planning mill

• Sawmills

• Truss manufacturers

• Manufacturers of veneer and plywood

• Wood preserving businesses

• Wood products manufacturers

Related commercial enterprises should be aware that not all classes will be approved for workers comp. To find out more about this special insurance, contact an independent insurance agency that has the connections with specialized insurance companies.

Understanding the Steel Industry Cost Price Squeeze

The cost price squeeze (sometimes referred to as the price cost squeeze) is quite a well-known phenomenon to most steel industry strategic planners. It is a concept that has been around for many years. It refers to the long-term trend of falling steel industry product costs, as evidenced by the falling finished product prices that are seen over time. In this sense – notwithstanding the falling revenue per tonne – it should be remembered that the squeeze does benefit the industry by maintaining the price competitiveness of steel against other construction materials such as wood, cement etc.

Falling costs

The central assumption behind the squeeze is that the cost per tonne of a steel product – whether a steel plate or a hot rolled coil, or a bar or rod product – falls on average (in nominal terms) from year to year. This assumption of course ignores short-term fluctuations in steel prices (e.g. due to the price cycle; or because of changing raw material costs from year to year), as it describes a long-term trend. Falling prices over time for finished steel products are at complete variance with the rising prices evident for many consumer products. These falling prices for steel are however caused by significant changes in technology (mostly) that influence steel making production costs. The technological developments include:

  • changes in melt shop steel making production processes. A very notable change across the last 25 years has been the switch from open-hearth furnace to basic oxygen furnace and electric-furnace steel making. Open hearth steel making is not only very energy inefficient. It is also a slow steel making process (with long tap-to-tap times) with relatively low labour productivity. The switch from open hearth furnace to basic oxygen process or electric arc furnace steel making allowed significant steel making cost improvements – as well as other benefits such as improved steel metallurgy, improved environmental performance etc. This is a good example of a historic step-change in steel making technology having a major impact on production costs.
  • the switch from ingot casting to continuous casting. Here – apart from significant improvements in productivity – the principal benefit of investment in continuous slab, billet or bloom casting was a yield improvement of ~7.5%, meaning much less wastage of steel
  • rolling mill performance improvements with respect to energy efficiency (e.g. hot charging), reduced breakouts, improved process control etc resulting in reduced mill conversion costs
  • less set-up waste through computerization, allowing better scheduling and batch size optimization
  • lower inventory costs with adoption of modern production planning and control techniques, etc.

The list above is meant to be indicative rather than exhaustive – but it illustrates that technology-driven improvements have allowed steel making unit production costs to fall over time for a number of different reasons. Going forward, the implicit expectation is that costs will continue to fall as new technological developments [e.g. involving robotics, or near net shape casting] allow.

Falling prices

The reference to the term price in the phrase cost price squeeze arises because of the assumption that – as costs fall – so the cost benefits are passed on to consumers in the form of lower steel prices; and it is this behaviour which over time helps to maintain the cost competitiveness of steel against other raw materials. The long-term fall in costs is therefore evidenced by a long-term squeeze on prices.

How important?

Whilst the magnitude of the squeeze is not so easy to calculate – since alloy content, product width and gauge, steel finish etc often change significantly over time – an accepted industry wisdom is that the cost price squeeze is equivalent to a loss of roughly 1% per annum from the revenue stream (in nominal rather than in real terms). Some industry experts use a much more aggressive squeeze: notably, the European Commission requires a 2.5% annual squeeze to be assumed in determining steel plant viability – but the authors note that this use is for especially testing circumstances.

Student Loan Debt – The Next Great Bubble

Student loans are nearly impossible to discharge in a Bankruptcy. The legal standard for discharge is “undue hardship” but the legal code doesn’t define what undue hardship actually is. So the judges in each district rule on it. They look at the “totality of the circumstances”, which is legal jargon for considering many factors in someone’s situation, assigning different weights to those factors and deciding which way the justice scale tips. Typically, it means the debtor must have a disability and is unlikely to ever generate sufficient income to repay. If the debtor had a disability when they borrowed the money for school, the disability typically needs to have worsened considerably. Bottom line, it’s difficult and the results aren’t standard, meaning they’re inconsistent.

My own student loan debt is absolutely crushing. I’m back in school part time taking LLM courses now, just so I don’t have to pay what I already owe because I can’t afford to pay and I am trying to avoid a default until hopefully my situation improves.

The last bill introduced into legislature proposing dischargeability of student loan debt failed. Way back in the days, student loans were dischargeable. As recent as September 2009, legislators were taking testimony in considering whether a change allowing dischargeability of at least the private student loans. Private student loans are not the same as the taxpayer guaranteed federal loans. But even this proposal has considerable opposition and doesn’t seem to be a priority at this time. Perhaps many victims will need to fall before attention and awareness is raised as to the immense suffering these easy get loans are causing to a growing number of people.

There are some organizations working toward changing the law and they make compelling arguments. One argument is that the lenders recklessly loan out the money to anyone with a social security card. The default rates on student loans are only tracked for up to a year post graduation. This is ridiculous, since deferment, forbearance, and use of credit and help from family can usually help people get past that first year. What would be more telling would be an exam of default rates 4-5 years post graduation.

An opinion shared by many is that what had been going on in the real estate lending industry for the better part of past ten years, has and continues to be going on in the student loan industry. Financial institutions package up the private student loan debt and sell them as investments. It may very well be the next bubble waiting to pop. This will be particularly true if the economic recovery is slow, so that there simply aren’t sufficient wages and or jobs to allow for repayment of these debts. It is not a stretch to think that the private student lending industry is a major factor in contributing to the unprecedented rise in the cost of tuition. What the real estate lending did for the real estate market could very well be what the private student loan lending is doing to the education market, contributing greatly to the 10-20% rise in tuition year after year.

There are arguments that if you change the bankruptcy law to more easily for student loan discharge, people will take advantage by borrowing and declaring bankruptcy shortly post graduation. That can be addressed by creating a time limit, for example requiring that the student loans be at least over 5 or 7 years old. The lenders could also require co-signing to protect their investment better. This could also mean that the potential student and the co-signer (usually a parent) would consider more deeply the implications of the debt.

Another argument is that if you make the loans dischargeable, it will dry up funding for new students. Probably that is correct. However, perhaps this needs to happen. The lenders in being more stringent about to whom and how much is lend, would probably decrease the amount of money available to students. Yes, certain populations would be hurt more than others, basically lower income bracket students. But, consider the effect of borrowing too much on these same people now. A generation of paupers is rising as a result. Arguably, it’s a drag on the economy as well since these debtors have little to no disposable income to make purchases that create other jobs and ultimately benefit us all. If the funding dried about there is also another possibility. Empty seats in classrooms, could force the education institutions to do something that could benefit us all, drop the tuition rates, making it more affordable to attend. Supply and demand theory could drive this change.

The immense student loan debts are causing tremendous suffering to ambitious hard working diligent people who borrowed thinking they were making a smart choice and a chance to improve their lives. Unbeknown to them, most of them seemed doomed to a lifetime of financial suffering.

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The History of Student Loans in Bankruptcy

Student loans are basically non-dischargeable, almost everyone knows this. There are some very specific circumstances where even today you can have your student loan debt discharged, but that is a narrow exception that often requires a fight and money to fight. We will discuss the current state of dischargeability in a future post.

The landscape around student loans and bankruptcy has not always been so desolate. Not so long ago these loans were dischargeable. Back when they were dischargeable, the cost of an education was much lower and the total student loan debt was a fraction of what it is now. With student loan debt currently being a 1,200,000,000,000.00 (One Trillion Two Hundred Billion) dollar problem holding people back from purchasing homes or taking part in the broader economy, with a little help they may become dischargeable yet again.

A Brief History.

Student loans really did not pop into existence in America until 1958 under the National Defense Education Act. 1. These loans were offered as a way to encourage students to pursue math and science degrees to keep us competitive with the Soviet Union. 2. In 1965, the Guaranteed Student Loan or Stafford Loan program was initiated under the Johnson Administration. Over time, additional loan programs have come into existence. The necessity of loans for students has become greater as the subsidies universities receive have fallen over time. Take Ohio State for example. In 1990, they received 25% of their budget from the state, as of 2012 that percentage had fallen to 7%. In the absence of state money, universities and colleges have increased tuition to cover the reduction in state money.

The Rising Cost of Education.

The cost of higher education adjusted for inflation over time goes something like this, in 1980 the average cost for tuition room and board at a public institution was $7,587.00 in 2014 dollars and by 2015 it had gone up to $18,943.00 in 2014 dollars. The cost of a higher education in 35 years with inflation accounted for has gone up by 2.5 times. Compare this to inflation adjusted housing costs which have remained nearly unchanged, increasing just 19% from 1980 to 2015 when the bubble and housing crisis is removed. 3. Or compare to wages which, except for the top 25%, have not increased over that same time period. Looking at affordability in terms of minimum wage it is clear that loans are more and more necessary for anyone who wants to attend university or college. In 1981, a minimum wage earner could work full time in the summer and make almost enough to cover their annual college costs, leaving a small amount that they could cobble together from grants, loans, or work during the school year. 4. In 2005, a student earning minimum wage would have to work the entire year and devote all of that money to the cost of their education to afford 1 year of a public college or university. 5. Now think about this, there are approximately 40 million people with student loan debt somewhere over the 1.2 trillion dollar mark. According to studentaid.gov, seven million of those borrowers are in default, that is roughly 18%. Default is defined as being 270 days delinquent on your student loan payments. Once in default, the loan balances increase by 25% and are sent to collections. The collections agencies get a commission on collected debt and are often owned by the very entity that originated the loans, i.e. Sallie Mae.

The Building of the Student Debt Prison.

Prior to 1976 student loans were dischargeable in bankruptcy without any constraints. Of course, if you look back at statistics from that time, there wasn’t much student debt to speak of. When the US Bankruptcy Code was enacted in 1978, the ability to discharge student loans was narrowed. Back then, in order to have your loans discharged, you had to be in repayment for 5 years or prove that such a repayment would constitute an undue hardship. The rationale for narrowing the discharge was that it would damage the student loan system as student debtors flocked to bankruptcy to have their debt discharged. The facts, however, did not support this attack. By 1977 only .3% of student loans had been discharged in bankruptcy. 6. Still, the walls continued to close on student debtors. Up until 1984, only private student loans made by a nonprofit institution of higher education were excepted from discharge. 7. Next with the enactment of the Bankruptcy Amendments and Federal Judgeship Act of 1984, private loans from all nonprofit lenders were excepted from discharge. In 1990, the period of repayment before a discharge could be received was lengthened to 7 years. 8. In 1991, the Emergency Unemployment Compensation Act of 1991 allowed the federal government to garnish up to 10% of disposable pay of defaulted borrowers. 9. In 1993, the Higher Education Amendments of 1992 added income contingent repayment which required payments of 20% of discretionary income to be paid towards Direct Loans. 10. After 25 years of repayment the remaining balance was forgiven. In 1996 the Debt Collection Improvement Act of 1996 allowed Social Security benefit payments to be offset to repay defaulted federal education loans. 11. In 1998, the Higher Education Amendments of 1998 struck the provision allowing education loans to be discharged after 7 years in repayment. 12. In 2001, the US Department of Education began offsetting up to 15% of social security disability and retirement benefits to repay defaulted federal education loans. In 2005, “the law change” as we call it in the Bankruptcy field further narrowed the exception to discharge to include most private student loans. Since private student loans were given protection from discharge in bankruptcy there has been no reduction in the cost of those loans. 13. If the rational for excepting student loans from discharge is that the cost to students to obtain loans would soar, this fact would seem to lay waste to that argument.

In the wake of the slow march towards saddling our students with unshakable debt, the government created a couple of ways to deal with government backed student loans outside of bankruptcy. In 2007 the College Cost Reduction and Access Act of 2007 added income based repayment which allows for a smaller repayment than income contingent repayment, 15% of discretionary income and debt forgiveness after 25 years. 14. In 2010, the Health Care and Education Reconciliation Act of 2010 created a new version of income-based repayment cutting the monthly payment to 10% of discretionary income with debt forgiveness after 20 years. 15. This new improved income based repayment plan is only for borrowers who have no loans from before 2008. Further, those with loans in default, will not qualify for income based repayment unless they first rehabilitate those loans. If you are interested in seeing if your loans qualify for income based repayment or income contingent repayment please visit student aid dot gov. Unfortunately, none of these programs do anything to deal with private loans, a growing problem currently at around $200,000,000,000.00 (Two Hundred Billion) or around 16% of the total student loan debt.

What Can We Do?

The cost of education is relentlessly marching upward, the need for a higher education to earn a living wage is only becoming greater, and the ability of our graduates to repay these loans is diminishing. Why is the cost of education outpacing inflation by so much? Why are state and local governments reducing funds they used to devote to college students? These are questions that need to be addressed as well. My focus is on the unavailability of a real discharge option and how it is weighing down the rest of the economy. This is a problem. On September 8, 2015, Michigan Congressman Dan Kildee introduced a bill in Congress intended to reduce the burden on students and their families caused by the increasing costs of education and the financial stress of student loans. 16. The proposed legislation would do away with the exception to discharge listed in 11 U.S.C. § 523 (a)(8). If you want to have your say on this issue, call your congress person today and let them know that where you stand on H.R. 3451

All the Best,

Steven Palmer, Esq.

Licensed in WA and OH

1. http://www.eoionline.org/blog/the-great-cost-shift-college-was-once-a-ticket-to-opportunity-now-its-a-roadblock/

2. P.L. 85-864; 72 Stat. 1580

3. Case Schiller Home Price Index, Inflation Adjusted

4. Student Debt: Bigger and Bigger, Center for Economic and Policy Research by Heather Boushey (Sept. 2005).

5. Boushey (Sept. 2005)

6. ENDING STUDENT LOAN EXCEPTIONALISM: THE CASE FOR RISK-BASED PRICING AND DISCHARGEABILITY, 126 Harv. L. Rev. 587

7. Financial Aid dot Org, Questions, Bankruptcy

8. Crime Control Act of 1990, P.L. 101-674, 11/29/1990

9. P.L. 102-164, 11/15/1991

10. P.L. 102-325, 7/23/1992

11. Debt Collection Improvement Act of 1996, P.L. 104-134, 4/26/1996

12. P.L. 105-244, 10/7/1998

13. 126 Harv. L. Rev. 587

14. P.L. 110-84, 9/27/2007

15. P.L. 111-152, 3/30/2010

16. http://www.ncbrc.org/blog/2015/09/15/proposed-bill-eliminates-student-loan-discharge-exception/

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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: 99businessideas.com 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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Music Industry Sharks – How to Uncover the Unscrupulous Many in the Music Business

There are a ton of people out there claiming to be music marketing experts, music publicity experts, and social media experts. Yep – Literally thousands upon thousands. When it comes to marketing and publicizing your music you have a wide variety of good choices. RIGHT? Wrong – tons of choices – yes but how many of them are truly worth their salt? Not Many!

For some reason unscrupulous “music-want to-bees” prey on musicians – I don’t know why, maybe they think they are an easy soft touch. Maybe they don’t like musicians or worse yet – don’t like music. (WOW) A lot of these folks are or were musicians themselves, or maybe an intern somewhere in the music business, or actually love music. They believe this gives them the right to proclaim themselves a music marketing expert, or worse yet, a music publicist which takes many years of music industry experience and the accumulation of thousands of music media contacts, and further, advertise the best possible product or service that will accelerate your music career.

Well here is what I have to say about that: I’ve been a musician myself — albeit a long time ago, back then, there were still many music industry scam artists. I’ve experienced the deep pain of being screwed by unscrupulous people claiming to be my savior in the music business. The Internet and the leveling of the independent music playing field has opened up a huge amount of opportunities for these sharks and scam artists to work their game. The only way my band became successful was sheer luck – we found the right honest people.

Here is a checklist to seriously consider when choosing your ultimate publicist or marketing service:

Check their credentials – And follow this checklist

Do they have a creditable online presence?

Do they have hundreds of testimonials? Or, as I like to call them TRUSTIMONIALS – Check their references!

How many “HONEST” years of experience do they have? Ver!fy this

Have they written hundreds of articles about music marketing?

Do they belong to many high-profile music industry organizations?

Does the prospective marketer or publicist answer all of your questions

or do they subtly evade them?

Will they tell you who and where they will be promoting your music with?

i.e. their music media affiliations – or do they tell you to wait and see?

Have you seen proven samples of their work?

Will they give you what they are promising in writing?

Before you make a choice consider –

INTEGRITY – HONESTY – TRANSPARENCY

Aside from doing great work that actually helps you with your career, these are probably the three most important elements to consider

If any or all of the above credential checks are not in the positive category —

BEWARE, YOU MIGHT BE BEING SCAMMED

Being fortunate enough to uncover the right people for our project way back then, I’m not saying that it’s impossible to do so. I’m just saying that it is so incredibly important, these days especially, to do your homework and due diligence before you shell out your hard-earned cash. Most indie musicians are on a shoestring budget and every penny means something to them. Take the time to possibly confer with a creditable music industry consultant. Most will be able to recognize a scam when they see it.

So, to all you unscrupulous sharks out there waiting to swoop down on the next unsuspecting musician, sorry about writing this article – but you need to be exposed. Therefore, I am not really sorry. It’s people like you that give the music business, honest publicists and music marketers a bad name. Shame on you! I love my Indies and all musicians and artists and it hurts to see them taken advantage of. Try another niche’ – maybe people who need marketing help in selling rockets or industrial products and services. BUT – Leave Our Music Niche’ Alone!!

Changes In The Medical Marijuana Industry That Business Owners Need To Know About At Tax Time

The state-legal marijuana industry has seen some important changes in 2015.

Even though the federal laws remain unchanged at tax time dispensary owners, growers, medible makers and everyone else in the places with a state-legal medical marijuana industry should be aware of these changes at tax time.

By law anyone who brings in $1 worth of business income must file a tax return with the IRS. That is when they get to subtract their business deductions. Marijuana business people are no exception. If your state has repealed medical prohibition, it is the politician’s job to get unfair federal laws changed for their residents and businesses.

A change in those federal laws would save American taxpayers more than $13 billion every year. Time has proven marijuana is not a gateway drug, nor does it cause madness as movie producers once said it did to thrill their viewers. And if smoking a medicine is the problem, medical users where dispensaries are available have realized they can also vaporize, eat medibles, drink juice or other beverages, use tinctures, pills or sprays. Public consumption is down where medical marijuana clubs are available.

Every other small or large business is allowed deductions when they do their IRS federal return. Within the states where marijuana is legal for medical purposes there are businesses that deserve to be treated fairly. There are 23 states and the District of Columbia that now allow medical marijuana; those states collect taxes (or plan on collecting taxes) and put control in place for the prescription holder.

Before America’s state-legal marijuana businessmen and women can compete fairly those federal laws must be repealed. A new federal ruling made in a San Francisco federal court blocks the DEA from prosecuting medical marijuana dispensaries if they are state-sanctioned. The Rohrabacher-Farr Amendment bars the Department of Justice (DOJ) from using federal funds to block state marijuana laws. This 1603-page federal spending report essentially brings an end to the use of the taxpayer’s money to block marijuana’s medical use.

Where medical marijuana is available legally, sustainable healthcare is up and overdoses on prescription pills is down. Marijuana has been claimed to be a super antibiotic, good for strokes and other brain problems, helpful to alleviate pain, nausea, Parkinson, inflammatory bowel disease, PTSD, epilepsy and other seizures, kill cancer and Forbes magazine even asked if your aging parent should try it.

Dr. Sanjay Gupta has said we should legalize medical marijuana now. This a plant that was once listed in the U.S. Pharmacopeia and readily available in drug stores. With its use people have walked out of hospices and hospitals to live fuller lives. The U.S federal government has even owned patent #6630507 since 2003 for its use as an antioxidant and neuroprotectant.

The DOJ issued a memo that allows Indian tribes to grow and sell marijuana on their land. Other countries and people are also rushing to end its medical prohibition; for example Israel uses marijuana in their hospitals and for research. Many senators and governors want it legalized for medical use once again.

The IRS Advisory Code Report says marijuana businesses are now legal in some states, but still illegal under federal law. Marijuana businesses are not allowed to deduct all of their expenses because the federal government says no deduction or credit shall be allowed for any amount paid or incurred if such trade or business (or the activities of the trade or business) consists of trafficking in a controlled substance. Marijuana according to federal laws is a controlled substance with no medical use; yet the federal government holds a patent for medical use.

Those who want to keep medical marijuana illegal are mostly getting rich off of it being an illegal substance, although many pay no taxes on the money they earn. This includes the corrupt, illegal growers, dealers, trimmers and medible makers, people receiving taxpayer assistance checks but working in this trade, and those who want to keep marijuana on the black market. They don’t care what the citizens want, how they voted, or whether or not it helps a person’s medical condition, as long as they make money.

Medical marijuana users and business owners in the states where the citizens have voted to make marijuana’s use legal once again need to have regular meetings with their state politicians to discuss the unfair taxation problems. The people have spoken, now it’s the politician’s turn to get those laws changed.