Plastic Business Cost, Profit, Requirements | SkillsAndTech

Once you look around you, you will see plastic everywhere. Nowadays the most use of plastic in our daily life is of plastic. Most of the products used at home and outside are made of plastic. Whatever the season of the year, whatever the month, the demand for plastic remains evergreen. That’s why today we are going to tell you about the business of plastic items . You can do this work in less cost. Let us tell you about it.

Table of Contents

Plastic business budget

The Business requires very less investment. If the land is yours, then you can easily do this work even within 50 thousand.

Things needed in the plastics business

You need three things as resources to start this work. First money, second godown, third electricity and water facility. This work can also be done from your home, even if the house is not paved, don’t worry, plastic is not harmed by water or bad weather anyway . Just be careful that they do not get dirty.

Plastic Business Location

If you want to start this work and you do not have your own land, then you can rent. Choose a place for the warehouse, which is easy to commute to and from the city and is generally bustling during the day.

Plastic business select goods

Today everything is coming of plastic, so you have to choose which items you have to choose. If you have opened a shop near a hostel, PG etc., then choose the items which are used in daily life. Like- Cup, Magga, Bucket, Jug and Dustbin etc.

Where to get Plastic goods

You can make huge profits in plastic goods. As a wholesaler, you can take all the goods from big metros like Delhi, Calcutta, Mumbai, Hyderabad. By the way, many such shops will be found in your own city, from where you can buy plastic items in wholesale.

Licenses and Registrations

To establish a business, attaining certain registrations and licenses is a compulsion. Different kinds of business demand different licenses and registrations.

Registration of Firm:

You may start the small to medium Business either a Proprietorship or Partnership Firm.

If you are starting this Business as One Person Company, then you have to register your firm as a proprietorship.

For Partnership operation, you have to register as a limited liability partnership (LLP) or Pvt. Ltd. Company with
Registrar of Companies (ROC).

GST Registration:

it is mandatory to get the GST number to run the business; you need to apply for the GST registration.

Trade License:

obtain trade license from local authorities

MSME/SSI Registration:

this MSME/SSI Registration will help you to get schemes and facility for the business offers by the state government

BIS certification:

BIS has mentioned the specific quality standard for Business. ISI specification for the

Trade Mark:

you can secure your brand with trademark registration

Employees

state insurance which is an insurance scheme for workers.

ESI Registration:

Employees provident fund is compulsory for the business where more than 20 employees are working.

To comply with the above processes and registration, one might need any legal expert who would help in absolute legal compliance to meet industrial standards.

Plastic business loans and assistance

You also get the help of money from the government for this business. You can take a loan of up to Rs 10 lakh under the Pradhan Mantri Mudra Yojana (PMMY) according to your need. (To know about this scheme visit this link of Krishi Jagran )

Plastic business profits

Generally in this business you can get 50 to 60 percent profit every month. Profit margin largely depends on your marketing skills. Initially, it is necessary to keep the price low to attract the customers.

Plastics Business Caution

You know that plastic comes under the category of flammable materials and it has the possibility of catching fire very fast. To avoid any dangerous incident, it is important that you keep safety measures in your shop. Entry and exit should be clear. It is also necessary to keep fire extinguishers in the shop.