Are you looking for a business to start that will be less stressful and generate profit for you? Look no further, for I will show you how you can start producing and selling paper bag and make cool cash from it.
Let's quickly go through the major points on how to start.
1. CONDUCT RESEARCH:
Conducting research is important because it enables you to get a clear picture of the kind of business you are going into. A good research will provide you with the details of who your competitors are, the market size of the business, demographic,risk sensitivity and your operation costs.
Conducting research is important because it enables you to get a clear picture of the kind of business you are going into. A good research will provide you with the details of who your competitors are, the market size of the business, demographic,risk sensitivity and your operation costs.
2. WRITE A BUSINESS PLAN:
What this means is that, you need a solid plan that will extensively cover all areas concerning the business and still shows you and potential investors the present and future prospects of the business.
What this means is that, you need a solid plan that will extensively cover all areas concerning the business and still shows you and potential investors the present and future prospects of the business.
3. SOURCE FOR FUNDS:
This depend on how you intend to start, if you are starting on a small-scale then you don't need big capital before you can start. You can start with any fund made available to you and as time goes on, you can expand the business.
This depend on how you intend to start, if you are starting on a small-scale then you don't need big capital before you can start. You can start with any fund made available to you and as time goes on, you can expand the business.
This is very important in the paper bag business, you need to get trained so you can master the skill of how to make paper bag. Although, to make paper bag is easy, it still won't hurt to learn from an expert in the field because most people don't really take their time to learn how to build any business, they just start one and after a short time they opt out. It is not so here, you need to take your time to build and grow this business that is the only way it will have a solid foundation.
4. GET THE NEEDED MATERIALS:
I am sure by now you know that paper is the major material for the production of the paper bag, all you need to do is know the exact paper that is suitable for production and find a supplier to supply you the papers in large quantity. You can also contract a paper mill company to supply you with papers at a reduced price, so you can in turn produce and sell at reduced prices.
I am sure by now you know that paper is the major material for the production of the paper bag, all you need to do is know the exact paper that is suitable for production and find a supplier to supply you the papers in large quantity. You can also contract a paper mill company to supply you with papers at a reduced price, so you can in turn produce and sell at reduced prices.
5. GET A SUITABLE PLACE FOR PRODUCTION:
Like I earlier said, if you are starting on a small-scale and short on cash, all you need do is find a space, possibly your backyard and convert to your production place. Do not let anything hinder you from starting your production.
Like I earlier said, if you are starting on a small-scale and short on cash, all you need do is find a space, possibly your backyard and convert to your production place. Do not let anything hinder you from starting your production.
6. START PRODUCTION:
Once you are able to get a space to yourself and you have your materials handy, the next thing is to start production. Make sure you have the required equipment and tools to make your paper bag and see to it that your paper bag comes in all shades of colour with strong handles.
Once you are able to get a space to yourself and you have your materials handy, the next thing is to start production. Make sure you have the required equipment and tools to make your paper bag and see to it that your paper bag comes in all shades of colour with strong handles.
7. MARKET YOUR PAPER BAG:
This means that you have to come up with fresh marketing ideas and ways to get people to patronize your product. Market your products to places like, supermarkets, retailers, wholesalers both in town and in the market place and fast food outlets (you can contract them and make customize paper bag for them). You can also market your paper bags to big industrial companies who need them to package their products and if they can get your paper bags at reduced price it will motivate them to patronize you more.
This means that you have to come up with fresh marketing ideas and ways to get people to patronize your product. Market your products to places like, supermarkets, retailers, wholesalers both in town and in the market place and fast food outlets (you can contract them and make customize paper bag for them). You can also market your paper bags to big industrial companies who need them to package their products and if they can get your paper bags at reduced price it will motivate them to patronize you more.
Note that, Africa especially Nigeria is a big target market for paper bag due to the rate it is used by citizens, so now is the time to take advantage of this market and build a successful business from producing paper bag.