16 Small Scale Production Business Ideas with, low startup cost
Have you ever considered starting a small production or manufacturing business but are not sure what to produce or ideas to pursue?
Manufacturing industries remain very profitable, especially with the right ideas and proper management skills, which makes them an excellent option when considering a sustainable business at low capital for good ROI and scalability.
Again, while most people get discouraged due to machinery costs required for some manufacturing ideas, renting or leasing machinery or equipment to start a small production business is a viable way to get started or enter the market.
We have put together our top pick of small production or manufacturing businesses you can start with relatively low capital.
Please note that these are not investment, business, or financial advice, therefore proper research is required from anyone interested in taking on any business venture.
Let’s get it!
Snacks
Yes, we love some refreshments now and then.
Providing a delicious yet affordable alternative to some expensive, foreign, or high-end brands can be a very good window of opportunity to enter the local production business.
You can first start selling your products in the neighborhood and nearby areas.
As the business grows, you can start with a shop specially dedicated to the business or set up your online store with spronet.ng for free and market your products to local stores and interested buyers and distributors for free.
Disposable Plates and Cups
With the right piece of equipment and information, there is a good business opportunity to make money from this business at relatively low capital.
The main barrier is finding the production equipment which you can either buy, rent or lease.
Manufacturing Soap and Detergent
The Industry is not going away anytime soon as soaps are very useful in our daily lives.
Nigeria for example has a soap market of approx. N18billon and the good thing is that when done right, you can also serve the markets in other countries through export.
Soap and detergent products are essential FMCG products that are always in demand.
You can manufacture different types of soaps and detergents and sell them in different markets. However, to start this business, you need to learn the process of making soap and detergent.
You need to learn the correct mixing of the right ingredients and that too in proper proportion.
Although a full soap startup production can cost N13 Million on a larger scale, One good thing with other ideas on our list is that you can start at your own pace and capacity and grow from there.
You can also take your business online through the spronet.ng online marketplace and sell to serious buyers and merchants directly.
Paper Production
Paper production is a global industry, and new entrants and small-scale paper mills are needed to reduce the rate of imports and improve local production.
The material requirement includes papermaking equipment, chemicals, and raw material. You can start your business by renting a shop.
You can hire workers or start a business all alone. Once your business starts making enough profit, you can also think of adding more such products, such as tissue papers, paper bags, paper plates, etc.
Organic Beauty Products and Soap
There is high competition in Organic soaps and related products, however, finding the right audience and right testimonials will help your product stand out.
Sports, Gym Items, and Local Games
Board games such as ludo, Drafts, and others can be designed aesthetically and sold to the locality.
This makes our list because it has low entry capital.
Also, there is a market for locally produced gym and sports items, such as apparel, football, and badminton.
Hair Oil Production
Although competitive, Hair oil production is a low-cost business with high profits. You can start today with the right knowledge and marketing skills.
Due to its daily use, hair growth oil production is very lucrative and has relatively less competition with male products, such as beard oils.
The materials required include base oil, perfume, herbal extract, bottles, and a mixing machine. The business can be started with capital and can give you that manufacturer status is done right.
As stated earlier, besides a good product and pricing, adequate knowledge of marketing and branding will help your product stand out from the crowd.
Joining an Online marketplace like spronet.ng allows you to add credibility to your brand, you can create a business profile, list your products/services, find business, discover new business opportunities, build connections, and have your product reviewed among users.
Buttons Making
Being a classic example of a small-scale business idea in entrepreneurship courses, button-making still retains its reputation as a low capital entry business.
Making great button designs and finding the right connections to supply your buttons will make it worth your while.
Sampling your products among other businesses in our online marketplace gives you that edge to connect and find buyers easily.
Candle Production
Yes! Speaking about low startup capital, Candles remain an essential part of most religion, culture, and luxury and have high utility, making it one of the most popular small manufacturing business ideas.
Starting a candle-making business can be done with the basic Do It Yourself Ingredients such as Wax, wick, stearic acid, mold, and add-ons such as perfume and dyes.
Moreover, this business can be started from your backyard, thereby removing the need for office/rentals.
Chocolates & Candies
There is never enough demand for chocolate bars and chocolate-related candies. You can start this off today with a very known entry Capital and it is easy to learn.
Cotton Buds
Cutten buds have various uses, especially in clinics, beauty shops, and research labs. Producing a good quality cotton bud requires relatively low startup capital.
Coconut Oil
Starting a coconut oil production business does require huge startup costs and can be done at home and marketed at your free spronet. ng online store.
Fertilizer Manufacturing
Agricultural fertilizer production is a high returns business but requires training and manpower for a larger scale.
Smartphone Accessory Maker
Smartphone accessories such as packs, screen guards, and buds are an area of opportunity to enter with relatively low capital and adequate training.
Textile Designs and Production
Textile production and designs are an emerging trend and getting accepted even in pop cultures. You can start making textile designs from finished products, or craft your textiles from scratch. At relatively low startup cost.
Toothpick/Utility Sticks Production
Yes, we’re familiar with this one and the news of importing toothpicks, well, people are making decent income-producing toothpicks and utility sticks used in baking and designs with little startup cost.
Finally,
Small scale production remains a viable way to startup your manufacturing empire and there are lots of other ideas to get started with. This list is nowhere near comprehensive and will be updated from time to time with more ideas and new trends.
As earlier stated, finding verified connections and businesses to grow your business is what we do at spronet.ng
Gain free access to our online marketplace and business community and sell your products, find the right types of equipment, and network from anywhere. To get started for free, go to www.spronet.ng
Also, to learn more about why your business needs an online marketplace, you can check out this article here.
