Did you ever think of starting a school bag making business? Isn’t it a great idea to become self-employed? Truly it’s a profitable business idea that can even be operated from home. School bag is a necessary item for every school and college going students and nowadays it is also used by office going people and travelers because of its reasonable price and strength. With the help of the school bag making machine, the production procedure has become very easy and production cost also got reduced which gave a great boost to this business.
Market Potentiality Regarding Business of School Bag Making
With a population of over 120 crores, the count of students in every city and district is very high. Over that with the increase in awareness, there are a great number of students who have started going to schools and colleges from rural areas too. Naturally, the demand of school bags both urban and rural areas is high and also continues to grow every year. There being adequate demand, it is expected to have a bright prospect of the school bag making business.
Earlier there were very few types of material available for the making of schools bags and they were usually made manually. But nowadays, with the introduction of semi automatic heavy duty sewing machine, the bag manufacturing process becomes very easy and also requires very less labor for the same. This makes the school bag making a lucrative small scale business idea to venture into.
Different Clients for the Business of School Bag Making
Every business needs potential customer base to prosper. Kids from the age of 2 and half years to adults use school bags in their daily life. This gives a great customer base to the school bag making business. There are thousands of shops in city and villages which sell school bags and there are wholesale markets too which buys bags in bulk quantity.
Now a day, most of the schools provide school bags to the students. So as an owner of the school bag making business, you can have a contract with any of the educational institute like schools or colleges to supply bags to them.
Taking a contract ensures a definite sale of a bulk amount of manufactured bag in every year and helps in getting a free flow of cash to the business. Over that, there are many private companies which provide bags to the employees. So along with educational institutes, private companies also provide a great opportunity of a great market to the business.
Steps to Start the School Bag Making Business
Every business needs proper planning of steps to be taken to commence the same. So to start a business you need smartly plan the start-up process of the same. Below are the different basic steps that you need to take to start the same:
Every business needs a thorough research of the same. You need to find out about the various aspects of the business in details. Find out the supplier of raw materials, manufacturing process along with the required infrastructure and capital investment. Also, know the different pros and cons of the business so that you can plan in advance to tackle the same.
A business plan is a key to the success of a business idea. It contains the detailed information about the steps and plans about how to run the business in a profitable manner and how to grow the same.
Arrangement of Capital:
In the step of the research about the business, you will calculate the total costs of the project that you need to invest for starting this business. Capital can be arranged from banks as a loan. With the introduction of the new government policies, you can get financial assistance from banks without any collateral deposits. You just need to submit a well-crafted business plan.
You can start the school bag making business at your home only if you have the required empty space. It will save a lot of investment for taking a different place for rent or lease. A business from home can also be beneficial as you can take help from the family members also.
Required Machinery and Equipment:
Industrial sewing machine and tape braiding machine are the prime requirement for the production of school bags. The other equipment is working tables, scissors, hammers etc.
In order to fulfill the changing demands of the customers, a variety of fabrics like nylon, polyethylene or canvas are used to make school bags of different designs. Yarns and other consumables such as chains, stickers, buck lace, eye lace, ribbons, and buttons are also required.
At first, bag fabric is mainly cut into three pieces i.e. front, back with top flap, and gusset. The front section is attached with a patch pocket for keeping small articles. Next, all the pieces are stitched in machine with a minimum 10 mm wide piping at the pocket, top edges and the sides. Two buckles with straps are provided with the bag. It is neatly finished after fixing stickers, chain, buck lace etc.
Give an attractive brand name for your product and register your business with your local Municipal Corporation or other authorized bodies. The legal procedure will not be a difficult one to complete. You can find out the same in details while you will be doing the research of the business idea.
Marketing and promotion are the steps which will decide the quick success of your business. Take extensive steps to promote the business so that every possible client and customer of the school bag knows about your business.
Tips to Have a Successful School Bag Making Business
There are many materials available now in the market which provides a great scope to manufacture a high-quality product. Maintain the quality of the product and provide the product in the market at a reasonable rates and success will be easy to achieve.