Interested in small detergent business ideas? If YES, here is how to open a detergent business with no money and no experience. How much does it cost to start up?
How to Start a Detergent Business
Starting a detergent soap business would be a good start on your way to success and wealth in the long term. Detergent manufacturing business does not involve large capital unlike other business. Even a graduate with little funds can start a detergent business in a small scale.
Did you know that laundry detergents and other cleaning products are a major household and business expense? And did you know that the industry is worth billions and increasing every year?
Detergents are daily consumer products that don’t stay long on shelf in any supermarkets or kiosks anywhere in the world. The next time you visit your local supermarket, take a look at the many aisles offering products from laundry cleaners, floor cleaner, window cleaner as well as hand washes. There are literally hundreds of other markets for these products, many largely untapped.
It requires no set qualification, it just involve you getting the knowledge of the business and how the detergent is made and where to get the raw materials. You can run a detergent business as a side business if you wish.
Stay with me as I take you through on how to start a liquid detergent business and make money either as a side business or full-time.
Carry Out a Research
It is always advisable to conduct a feasibility research on any business you intend venturing into because it help saves you time and money that you would have spent and lost if the business do not go well as planned or was not what you expected.
Before starting your detergent business, you have to make researches on the market demand of the products if it is okay with you. You have to make findings on the market, how to distribute your products to retailers or wholesalers, where to get the raw materials that will be needed for making the detergent, the cost, how to calculate your profits etc.
Draw up a Business Plan
Any business whether small or big requires a business plan. This will serve as the strategy you will use to dominate your market and kick competitors away. The success of any business lies in the quality of the information in your business plan.
Starting a detergent business need you to draw a business plan that would contain your marketing plans, startup cost, quantity of production and expected revenue, business goals, vision etc.
Your business plan must not because you want to use it to get loan from financial institution, it can be a 2-page well-written business plan that should act as your blueprint to your achievement.
Register your Business
This may not be a compulsory thing to do when starting a detergent business but it helps give your business a corporate view. Registering your business is a sign that you are really ready to do business for the long term and not just for the money.
Registering your business and opening an account with it gives you the opportunity to ask for loan in the future from your bank in case you want it for expansion. You will have to register your business so you can use it on the body of your products if you are thinking to go big in the future.
Get a Good Location
A strategic location is needed to be considered when starting a detergent business. Factors to consider when choosing your ideal location should include;
• Nearness to raw materials.
• Nearness to market.
• Conducive power supply.
It will be very wise to site your business in a commercial area where customers can easily come to your workplace to order for your products. It also helps expose your business to passerby.
Purchase Needed Equipment
You will need equipment to start a detergent business. They are not expensive as you may think. What you just need are;
• Big bowls or basins.
• Weighing Scale.
• Hand gloves.
• Plastic Bags.
• Materials needed for making the detergent etc.
Though, with present technology
Running a detergent business is not a one-man labor. You must work with people to help you in preparing the detergent. You have to employ committed staff to assist you in the work process. You can recruit novices that are willing to learn to help in the production or you employ competent people that already have experience in soap or detergent making.
Having hardworking and committed staff will help catapult your business and produce quality product for your customers. Here are some gift ideas for your staff
Invest in Marketing
There is no business that can survive without marketing. If you don’t market your detergent business using different marketing strategies, customers wouldn’t be able to know your products exist.
The more you invest in pushing/promoting your detergent business brand, the more your prospect will be aware of your brand and may want to give it a try.