Everyone has a dream of starting a business, but when it comes to investment, most people hold back. They feel that they need huge amount of money for business. But today we are telling you about such a business idea, in which you can earn bumper income every month by investing only ₹ 10,000. Yes, we are talking about the business of making and selling Rakhi! You can start this business sitting at home and for this you just need a little creative mind and hard work.
The festival of Rakshabandhan symbolizes the love and bond of brother and sister. On this day, sisters tie colorful rakhis on the wrists of their brothers. This is the reason why the demand for Rakhis skyrockets in the market on the occasion of Rakshabandhan. Even before the festival, different types of Rakhis start getting decorated in the shops. Now the sale of Rakhis is in full swing even in the online market. According to a figure, Rakhi’s business was worth Rs 3000 crore in 2018, which will cross Rs 10,000 crore in 2024. That means there is tremendous scope of earning in this business.
If you have creativity, you can make unique and attractive designed rakhis. For this you need some basic items, like silk thread, pearls, kundan, stones, beads, glue, Rakhi plate, packaging material, scissors, glue gun, and needle and thread. The special thing is that you can buy all this stuff for just ₹ 10,000. You can start your business with just this much investment.
It is very easy to learn the skill of making Rakhi. There are plenty of tutorials available on YouTube to learn how to make different designs, cartoon themed rakhis, or simple rakhis. Making a simple rakhi or a pearl rakhi costs Rs 5 to 10, and you can sell it in the market for Rs 20 to 30. Whereas making a cartoon themed Rakhi costs Rs 10 to Rs 20, and its price can range from Rs 70 to Rs 100. That means you will get good profit on every Rakhi.
After making Rakhis, now comes the turn to sell them. For this you have two ways: offline and online. Offline, you can approach local shops, boutiques, or other stores and sell your Rakhis in bulk. Apart from this, you can also sell Rakhis by setting up your own small shop in the market. You can sell your brand of Rakhis in the online market through Amazon, Flipkart, Etsy, and social media platforms like Instagram and Facebook. Use great photography and an engaging description to highlight your brand.
If you buy raw material worth ₹10,000, you can make hundreds of Rakhis. If you sell a Rakhi costing Rs 5 to Rs 10 for Rs 30 to Rs 50, your profit will increase manifold. In this way, by investing just ₹10,000 you can earn Rs 30,000 to 40,000. This means that within a month your cost will be covered and the profit will be in your pocket.
