Matchstick manufacturing business can be initiated as a small scale with maintaining safety measures strictly. Matchsticks are consumer durable product and the demand is growing day-by-day. An entrepreneur having knowledge in channel distribution can start matchstick manufacturing business with moderate capital investment.
You need to concentrate in selecting a location fit for this business. Matchstick manufacturing is all about dealing with hazardous and explosive items. It is recommended to set the unit in an industrial zone. Otherwise, you will need to submit ‘No Objection’ from the neighbours where you are establishing the unit.
Business Plan for Matchstick Manufacturing Business
Create a comprehensive business plan for matchstick manufacturing business. Determine your business objective and selling strategy. It is always recommended to have a customized project report in hand. It will give you the proper information about the capital investment, machinery, raw materials needed and where to source. Get the production protocol with right formula from a reliable source.
Legal Compliances for Matchstick Manufacturing Business
Determine the legal pattern for the business. Obtain ‘consent to establish’ and ‘consent to operate’ permission from Pollution Control Board. It is also needed to get permission from the fire department. Obtain factory license from the Govt. department. Concentrate on safety and fire precaution process. Obtain sales tax registration from Govt. authority.
Machinery and Raw Materials for Matchstick Manufacturing Business
Start your production unit through a semi-automatic process. Previously matchstick production was labour intensive. Now different machinery is available for production of a matchstick in a semi-automatic or an automatic process. Take the training from the suppliers. Check their client testimonials before purchase.
The main raw material is the wooden stick. Other necessary raw materials are potassium chlorate, phosphorus sesquisulfide, glass powder, zinc oxide, glue, colour dye etc. Also, you need to have match box and outer box for packaging. Source the raw material from reliable vendors in reasonable price.
Marketing of Matchstick Manufacturing Business
As matchsticks are consumer durable product it demands branding activity to get the market share. Matchsticks are sold in volume. The success of this business depends on the strong channel network. Start selling locally. Offer your channel partners lucrative business deal.
In matchstick manufacturing business you need to concentrate on quality and packaging of your product. Establish business tie-up with the retail brands. Ensure the availability of your product at every retail store in the area you are doing business.