Many people want to start a business, some want to start with a simple business, and some want to start with manufacturing. Every business requires some amount of capital, and many people want to know if they can start a manufacturing business with the funds available.
In today’s world where everything is digitized, new ideas are opening the door to business opportunities. However, this in no way diminishes the value of manufacturing. In this article, we will introduce 10 manufacturing business ideas under $1 million.
10 Best Manufacturing Ideas Under $1 Million
Manufacture of optical frames
The manufacturing of optical frames can be a very profitable business as the need for optical frames has increased significantly. The manufacturing process of optical frames is very simple. The machines can be imported from China or other countries and the price could be around Rs 300,000 to Rs 500,000.
Also read: Top 10 Business Ideas Under $20 Million, Check Complete List Here
tissue paper making
Tissue paper is in demand everywhere: restaurants, coffee shops, tea shops, weddings, parties, food centers, etc. The tissue paper making machine costs Rs 50,000 and helps in making tissue paper. The scope for growth in the tissue paper manufacturing business is large. This is one of the best manufacturing ideas under $1 million.
packaged drinking water
Another business idea that you can start with an investment of less than 1 million is to start a packaged drinking water business. The demand for packaged drinking water is high in both residential and commercial areas. Due to hygiene concerns, people prefer packaged water. You can decide what kind of drinking water packaging you want to produce with different bottle sizes, such as 1 liter or 10-20 liter cans.
Production of mobile phone cases
The number of mobile phone users is rapidly increasing, and the need for mobile phone cases is also increasing accordingly. A cell phone case protects your smartphone from scratches and damage. It’s a very profitable business. The manufacturing cost of a plastic case is less than 30 rupees, but the case can be sold for 150 rupees.
Manufacturing of soaps and detergents
Soaps and detergents are everyday necessities and you can easily set up a manufacturing business for these products with the help of people or machines. These products are used on a daily basis and their demand is constant. However, modern people prefer herbal soaps and detergents over synthetic soaps and detergents. Therefore, it is beneficial to produce superior eco-friendly formulations and generate significant profits from them.
There are many manufacturers of toys, including plastic toys, stuffed animals, and wooden toys. Toy making is indeed an art, and if you’re good at it, you can make something great out of it. Investments in this manufacturing business vary greatly depending on the type of toy being manufactured. This is one of his best manufacturing ideas for less than $1 million.
environmentally friendly disposable products
The government has banned the disposal of environmentally harmful plastics, increasing the demand for environmentally friendly waste. Eco-friendly disposers are in high demand for parties, weddings, mobile food vans, etc. Making an eco-friendly disposer doesn’t have to be complicated. This manufacturing business can be easily started with less than his $1 million.
customized jewelry manufacturing
The demand for personalized jewelry is growing rapidly, and over time, manufacturing customized jewelry can become a profitable business idea. If you are skilled in this technology and have a lot of creative ideas, this business idea is just for you. We can create exquisite jewelry that meets customer requirements and caters to individual requirements.
Pet supplies business
The pet care industry is growing significantly and pet owners are ready to spend money on quality products as customized gift items. Once you are ready to start your pet food business and prepare it with the specific nutritional needs of your animals in mind. You can tap into the pet lover market by starting a business with pet toys, pet food, and other grooming products. This is also his very good manufacturing idea for less than $1 million.
Ladies accessories business is also a very good manufacturing business idea because every woman loves accessories like earrings, bangles, necklaces, etc. There are many designs that can be expressed through his art, including stonework, beadwork, and silk thread. You need to work on developing your raw materials, but make sure the design is good and unique. Get creative and come up with the perfect jewelry design for your business.
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