With the ability to run this incense stick sales business out of your house, this business has great promise for generating income without any significant start-up costs. Throughout the district, this type of incense stick is gaining in popularity and has a high potential to provide continuing income throughout the year due to the fact that during the season of festivals and religious ceremonies, many individuals are purchasing large quantities of incense sticks for use in their homes and at temples and other organizations. Thus, this product will have an ongoing stream of customers and offers the possibility of making money through fulfilling that consumer need.
How do you create a company that manufactures incense sticks?
Incense sticks require bamboo sticks, charcoal powder and jigat (an adhesive). The charcoal and jigat powders are combined to form a coating which will adhere to the bamboo stick; when this coating is dry, scented oils will be added to the bamboo stick. After the scented oil has dried, the incense stick must be placed in the sun for a specific duration before it is packaged for sale.
An incense stick manufacturing company does not need a large production facility; production can take place in a room in a home. The involvement of family members can greatly reduce the production cost of the business.
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What is the initial investment needed?
The initial capital required to launch a small-scale incense stick manufacturing business is approximately 15,000-30,000 rupees. This amount will cover purchasing raw materials and supplies (including trays, drums, and drying racks), as well as scented oils. Once the business begins to grow, additional capital can be raised if necessary, with projections for larger scale businesses being 50,000 rupees or more.
Now, let’s talk about the profit. A small unit can produce an average of 10 to 15 kg of incense sticks per day. In the market, incense sticks are sold at wholesale prices ranging from 180 to 250 taka per kg, depending on the fragrance and quality. After deducting production costs, a profit of 50 to 80 taka per kg can be earned. Based on this, a monthly profit of approximately 20,000 to 25,000 taka is possible. Increasing production and sales volume can further increase the profit.
Besides selling in shops, there are opportunities to sell incense sticks on online platforms. Using a unique brand name and attractive packaging can quickly increase market recognition. The state’s Department of Small and Cottage Industries also provides training and loan assistance for incense stick manufacturing. This business is becoming a path to self-reliance, especially for self-help groups and women. All in all, due to the low initial investment and the convenience of working from home, the fragrant incense stick business is becoming a profitable source of income for many today.