Hair band making business is a lucrative and profitable manufacturing idea that can be initiated as large scale or small scale basis. The hair band is considered as hair accessories and used by girls and boys both. With the up gradation and change of fashion trend, different types of fashionable colourful hair band are now very popular. Broadly hair band comes with two different material.
One is metal make and another one is plastic make. In starting hair band making business it is important to decide the product first. Different types of machinery are also available to make different types of the hair band. The margin is higher in the designer hair band. But also you can initiate hair band making as small scale and even as home based part time business.
Hair Band Making Business Registration
In initiating the business first step is deciding the ownership pattern and register the company accordingly with Register Of Companies. Obtain Trade License. Apply For Var Registration. You may register your business as SSI Unit. It will help you in getting several grant and easy finance from Government.
Investment For Hair Band Making Business
The infrastructure cost is very less in this business. Even, if you have extra space, you can start this business from home. Generally, you will need to arrange the finance for fixed and working capital expenses. The major fixed cost includes only the machinery purchase. However, working capital cost includes procuring raw materials, staffing, transportation, utilities and marketing expenses. It is advisable to start the venture with the financial assistance of banks. In that case, you will need to have a detailed customized project report and collateral security amount.
Hair Band Making Raw Material
The main raw material in hair band making is different types of colorful nylon thread. Apart from this, You will need to procure different types of other consumable for decorating the hair bands. As per the quality, you have to arrange the packaging consumable.
Hair Band Making Machine & Process
Selecting the right machinery is important in this business. A Huge different variety of hair band can be made. According to the desired design and output, you should select the right machine for your business. Generally, you can start a small scale unit with an automatic hair band making machine that costs Rupees one lakh on-words.
The manufacturing process is also very simple. You just need to put the nylon thread at proper indicated place in the machine. After starting the machine hair band will be automatically made. Next step is cutting. Cut the band in required sizes and join this. In hair band making the last step is packaging.