New Delhi. If you want to start your own business for more income, but do not have much money, then you can easily do business with less investment. Today we are telling you about such a business idea which you can start by investing only 10 to 15 thousand rupees and can earn 80 thousand to 1 lakh rupees every month. This is the business of waste material (How do I start a waste business?). Yes! You can start a business from household junk. So let us know how big is its market and how to start it?
Know how big the scrap business is
More than 2 billion tons of waste material is generated every year worldwide. In India this figure is more than 277 million tonnes. Managing such a huge amount of waste is the most difficult task, however, in the last few years, many initiatives have been started regarding waste management. Many people are making things like home decoration items, jewellery, paintings etc. from waste material. Along with overcoming this challenge, they are also earning good income. Be it Shubham Kumar, a young person from Ranchi or Shikha Sah from Banaras. These people have made their future through scrap business and today they are doing business worth lakhs.
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Know, how to start this business?
To start this, first of all collect the useless items i.e. junk from your surroundings and your house. If you want, you can take waste from the Municipal Corporation. You can also pick up items from junk dealers. Many customers also provide waste material and can also buy it from them. After this clean it. Do the work of designing and coloring it. Like you can make a bamboo toothbrush. Its price on Amazon is around Rs 70. Apart from this, you can prepare cups, wooden crafts, kettle, glass, comb and other home decoration items. Finally the marketing work begins. You can sell it on e-commerce companies Amazon and Flipkart. You can sell it on both online and offline platforms.
Shubham is earning Rs 10 lakh per year
Shubham, who runs The Kabadi.com startup, says that initially he started collecting scrap by going door-to-door with a rickshaw, an auto and three people. Today the monthly turnover in this company has reached eight to ten lakh rupees. Shubham says that he collects 40 to 50 tonnes of scrap in a month. This company was started two years ago with four people. Today 28 people have got employment in this company.
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What do you do with the junk?
According to Shubham, the junk is sent for recycling. Iron, paper, cardboard and plastic are sent to different factories to be recycled and made usable again. Shikha started her business from home. Shikha has set up a company by making unique items from waste material. The name of Shikha’s company is- Scrapshala. She says we started the business with Rs 15 thousand. We take waste from the Municipal Corporation. Shikha says that we clean, design and color the junk and then sell it in the market with a new design.
Tags: New Business Idea, Online business
FIRST PUBLISHED : May 7, 2021, 08:49 IST