If you are planning to start your own business and want to earn big profits with low investment, then we have a great idea for you. This business can be started from home with just ₹10,000, and it can give you high returns on your investment.
The festival of Rakshabandhan is coming soon, and this business is related to making and selling Rakhis. The Rakhi business is growing fast across the country. Also, due to the Boycott China movement, the demand for Chinese Rakhis has gone down. Now, Indian-made (Desi) Rakhis are becoming more popular. This means there is a better chance to earn good money. Let’s understand how you can start this Rakhi business and what you will need for it.
How Big is the Rakhi Market in India?
Before starting any business, it is important to know the market of the product. The Rakhi market in India is growing every year. People spend thousands of crores of rupees on Rakhi every year.
According to CAIT (Confederation of All India Traders), the Rakhi market was ₹3,000 crore in 2018. It became ₹3,500 crore in 2019, ₹5,000 crore in 2020, ₹6,000 crore in 2021, ₹7,000 crore in 2022, and more than ₹10,000 crore in 2023 and 2024. This shows how big the demand for Rakhi is in India.
Rakhi Business Idea
This business gives you good profit in a few days. You can start it from home with only ₹10,000. When demand increases, you can make more rakhis and earn more money. If you use your creativity, you can earn even more.
Things Needed to Make Rakhis
To start this business, you will need some materials like silk thread, pearls, small stones, beads, glue, rakhi plate (thaal), plastic cover or gift box for packing. You will also need scissors, glue gun, needle and thread.
You can buy all these things from local markets like Sadar Bazar (Delhi) or online easily.
How to Use ₹10,000 Budget
From ₹10,000, spend ₹5,000 to ₹6,000 to buy materials in bulk. Spend ₹1,000 to ₹2,000 on scissors, glue gun and other small tools. Keep ₹1,000 to ₹2,000 for packing and transport. Use the remaining money for advertisement on social media or by giving flyers.
Make Rakhis Without Machine
You can make rakhis at home without any machine. These days, designer rakhis are very popular. Cartoon rakhis for kids, rakhis with god images, music rakhis, light rakhis, and gold-silver style rakhis are in demand. You can learn how to make these rakhis by watching YouTube videos.
If you buy raw material of ₹1,000, you can make 100 to 150 rakhis.
How to Make a Simple Rakhi
The most simple and cheap rakhi is the thread rakhi. It takes only 5 to 10 minutes to make and costs ₹5 to ₹10.
Take 3–4 silk threads and tie them like a braid. Paste pearls or shiny stones in the middle using glue. Pack it in plastic cover and sell it for ₹20 to ₹30. If you make it more beautiful, you can sell it for ₹50 to ₹100.
Cartoon rakhis are made for children. It costs ₹10 to ₹20 to make them. You can sell them for ₹70 to ₹100. You need silk thread, cartoon face, glue, pearls and ribbon for this.
You can also sell rakhi gift packs by adding rakhi with other small gifts.
Where to Sell Rakhis
You can sell rakhis in two ways – offline and online. In offline, you can sell your rakhis to shops, boutiques, or in the market by putting a stall.
Online, you can sell on websites like Amazon, Flipkart, Meesho etc. You can also create your own brand and sell directly to customers.
Profit in Rakhi Business
People start buying rakhis one month before Raksha Bandhan. A rakhi made for ₹5 to ₹10 can be sold for ₹30 to ₹50. Designer rakhis can be sold for ₹100 or more.
If you make 100 rakhis with ₹1,000, you can earn ₹3,000 to ₹4,000 profit. So with ₹10,000, you can earn ₹30,000 to ₹40,000. If you make more rakhis, your profit will also grow.