Whether you are a freshly graduate or just sitting at home for the right job opportunity and even if a retired personal, a business from home is a great opportunity to use the free time in a productive way to earn some extra money. In this post, I am going to share one more fruitful business opportunity that can easily be started from home and can attract a good amount for a proper livelihood…. it’s the egg supplier business I am talking about. We can’t imagine our breakfast table without any preparation of eggs. Bread with butter and a boiled egg is the favorite breakfast for many. There is no denying that egg is a lost cost food item that is packed with protein, vitamins and minerals and naturally its consumption is huge.
Thanks to the development in poultry industry, egg production has reach to the next level and its number is near about 56 million. The annual growth rate in egg production approximated 6% per year (Source; Report of the Working Group on AH & dairying, 12th Five Year Plan). I am sure this statistic is enough to inspire you diving in to the egg supplier business.
The Potentiality of Egg Business in India
India has a population of over 1 billion and out of that the count will be less than 0.5 % group of people who don’t consume eggs, so just imagine the demand for eggs in India and how fast the egg business can prosper in India.
Now, if you are thinking of using your free time for some productive work or have a successful career in business sector than the egg supplier business is a great opportunity to choose from.
Over that the poultry farmers who produce eggs doesn’t get the proper scope and time to contact the direct customers and they also prefer a direct buyer who can acquire a huge stock of eggs from them and this responsibility is taken by the egg suppliers who buys the eggs directly from the farm in huge bulk at cheap rate and sell them to the market with a margin of profit. The hierarchy of the same looks like: –
Poultry Farmers – Egg Suppliers – Egg Wholesalers – Egg Retailers – The Final Customer
So, being in the egg supplier business in India, you also need to buy eggs in bulk and have the opportunity to sell the same in bulk to wholesalers or retailers directly.
READ ALSO: Fulfill Your Entrepreneurial Dream with Layer Poultry Farming
How to Start with the Egg Supplier Business in India
To begin with any kind of business, it is very important to have complete information about the same along with the required skills and knowledge about the business along with the awareness of the market. Below are the strategically mentioned steps that you need to follow for a successful venture: –
Research: Do a complete research about the egg supplier business according to you local market and find out ever required things that are essential to start the business like: –
- Required Skills: Find out the skills that you will need to have a successful business opportunity out of the same. If you already posses the same. Try to sharpen your knowledge.
- Market Potentiality: The demand of the egg business may vary according to the location, so it is necessary to find out the type of demand of the egg supplier business in your locality and state. You also need to find out about the appropriate market to sell the items
- Competitors: In your research, you also need to find out about the different other competitors in your locality and know about their operational techniques and strategies. If there is a huge market competition in your chosen location, then it is suggested to look for any other suitable location to start your business.
Suitable Poultry Farm: The next step is to find out a reliable and suitable poultry farm to make a contract about the business from where you will be buying the eggs in bulk. Check out for different poultry farms and find out their offered price and quality of product. You also keep the distance in consideration as a higher transportation cost will have an effect on the profitability of the business.
READ ALSO: How to Grow a Poultry Farm Business for Profits
Capital Requirement: As in an egg supplier business you need to buy the items in bulk, so you need to arrange for the required capital for the purchase, transportation and maintenance of the same. Eggs are very much fragile in nature, so you need to take proper care for the same.
Business Plan: If required take assistance from the professionals and craft a business plan for your business. A well-crafted business plan helps a lot in attracting financial institutions for helping with loans or others.
Location: If you have sufficient place in your home, you can easily use the same for the business purpose but as mentioned earlier, you need to consider the market potentiality before finalizing the location. You may also need to take legal permission for the same.
Legal Formalities: Getting legal license and completion of other legal formalities will be not of many difficulties in the egg supplier business. Contact your local administrative office to get the required trade license and other legal things for the same.
The egg supplier business is a great business opportunity to make an individual career of your own as eggs will always remain one of the most widely consumed product in India and the world.