What is medium investment?
The amount needed to start a small manufacturing business is between 5 lakhs and 15 lakhs.
Let’s look at the list of medium-sized business ideas.
1. CELL PHONE CASE MAKETING
Cell phone cases are in high demand due to the increase in cell phone usage.
With a few workers, you can start your own small manufacturing company.
You can make cases either for specific phones or for all of them.
Customized cell phone cases are also in demand.
It is possible to start a profitable business by setting up a unit that makes cell phone cases.
Cell phone cases can be easily marketed and sold.
You can sell and market them via social media, Amazon or Flip Kart.
You can sell the cases at a price double or triple that of their manufacturing cost.
2. OPTICAL FRAME MAKEUP
Starting your own optical frame manufacturing unit can be a great way to get started in business.
Making an optical framework is simple. You will need a machine, and several people.
You can sell your frames in bulk to a company who sells sunglasses.
It is a good place to start because the optical frame market has not been saturated.
You can expand your tour business by signing long-term agreements with large companies that manufacture sunglasses.
This is an idea with a high potential for return.
3. Making Scented Candles
It is no surprise that scented candles are a popular business choice.
You can make scented wax candles at home without any special equipment.
You only need wax and essential oil to make them.
It is easy to market scented candles.
Instagram is the perfect platform to market them.
Selling scented candles is a lucrative business for many young people.
You can expand your business by creating your own luxury scented candles or starting a brand.
4. PLASTIC BOTTLE MACHINING
Many beverage companies make their own bottles, but not all.
Bulk bottles are purchased from bottle production units. It is simple to set up a plastics bottle manufacturing unit, and it can be done for a low investment.
You will need to rent space for this plant and hire workers.
You can then choose to work with one specific company, or you can produce bottles for multiple companies.
It is important to look for companies that will buy your bottles.
It is an extremely lucrative business that requires very little investment. You just need to have a few marketing abilities.
5. FURNITURE MAKETING
In 2023, setting up a furniture manufacturing unit will be one of the most innovative ideas for manufacturers. You only need a few machines and a few good carpenters, both are easily available. There are many markets for furniture. You can make luxury furniture, furniture that is used daily, or a specific item.
You can begin by dominating a region. If you are satisfied with the results, you can then expand to other states, and eventually set up a brand of furniture.
This business idea is highly profitable due to the increasing number of cafes and bakeries across India. It is possible to start a bakery with very little money and it can be lucrative. You can sell bakery products in cafes and teahouses. You can also accept bulk orders for parties.
By purchasing heavy machinery, you can expand your bakery and sell your products across the country. It is a very lucrative business and offers many opportunities for expansion.
7. Manufacturing of Automobile Parts
Every mechanic needs small automobile parts such as nuts, screws etc. on a regular basis. A profitable idea is to set up a manufacturing unit for automobile parts.
You can make spare parts and tools to repair cars and bikes.
You can expand your business by manufacturing dashboard accessories, bike accessories, seat covers etc. This business has a very large market and you are sure to find a place for your foot.
The best manufacturing business ideas for 2023 are those that require a medium level of investment. You can upgrade them to a large business. Beginners should consider medium-sized manufacturing businesses as they are less risky than large businesses.
You will need to put in the hard work to make this business successful. We have provided you with some ideas.