With increasing plastic pollution, a switch to reusable bags has become the need of the hour. The bags, as their name represents, can be used multiple times. Even after complete utilization, they are recyclable, making them an environmentally friendly option.
But with the time changing and customers emphasizing the appearance part, simple-looking reusable bags may experience a dip in sales. That’s when the need for printing comes into the picture.
With the help of a bag printing machine, a bag manufacturer can print attractive prints on bags and make them more likeable by customers. Manufacturers can also customize these bags by printing brands’ logos or any other print the client demands.
The bag printing machine has strengthened the reusable bags market, making it boom and tempting other manufacturers to start a bag printing business.
If you, too, want to benefit yourself from the booming industrial segment, investing in the business can be one of the options.
But remember that starting a bag printing business is more difficult than it sounds. But no need to worry, as this article will guide you with every step that will give your business a hassle-free start.
So, here the step you can follow:
Understanding The Scope Of Bag Printing Business
Everyone from small retailers to big brands is using reusable bags as their packaging option. With bag printing services taking the spotlight, many brands are coming up with the requirement of printing these bags.
Printing bags have become a new marketing tactic for businesses that want to elevate their brand presence and awareness. Therefore, investing in the business will be profitable considering the demand in the segment.
Determining The Uses Of Printed Bags
The places where reusable printed bags can be used are limitless. However, here are the most common industries where the bags serve their purpose:
- Shopping Malls
- Grocery Stores
- Restaurants
- Pharmacy
- Food & Beverage Industry
- Jewelry Packaging
Outlining A Business Plan
Before starting a business, you must outline a business plan comprising certain things like funding, logistics, etc. In addition to this, you must also list out other things you require, like staffing, location, machinery, and transportation. The plan must also include the demographics you will target and the marketing tactics required to promote the product.
Capital Requirements
Capital is required to invest in land, machinery, and labor. You can decrease the labor involvement by investing in a fully automatic or semi-automatic printing machine that may cost around Rs 4 lakh-Rs 8 lakh. The price may vary according to the specifications. Apart from investing in the big assets, money will be required to meet daily expenses, like raw materials, electricity, and others.
The Right Location
Location plays an important role in deciding the fate of the business. Choosing a location where the rent is low, labor is cheaply available, electricity cost is less, and near the market can help you reduce the overall production cost. With lesser cost, more revenue can be generated to further use for business expansion and growth.
Raw Materials
In the cut-throat competitive market, you need to provide the best quality products to customers to make your business survive. To get the printing quality right, you need the right quality raw materials.
Therefore, find a vendor that can maintain a continuous flow of raw materials so that the production doesn’t stop. Additionally, ensure that the raw materials are available in the right quantity. This is because excess materials will increase the warehousing cost, and less may lead to a production delay.
Workforce
Staff is required to carry and monitor the production process and manage sales and marketing. Even if you incorporate a fully automatic bag printing machine, a maximum of 2 operators will be required to operate the machine.
You can find labor having the skills to handle the machinery. If the laborers are not well-versed with the task, you can provide an orientation or one-day training.
With a fully automatic bag printing machine, you can decrease human intervention that will further save costs in terms of wages.
Machinery
One of the major requirements to start a bag printing business is the type of machinery required. As you step into the market, you will find multiple manufacturers offering machines with different specifications.
Before making a purchasing decision, you must determine your requirements like:
- The quality of prints required
- The printing capacity
- The energy consumption
- The durability and reliability
All these factors will help you pick the right machine for your production unit.
Registration & Licensing
There are some legal requirements that you need to fulfill before starting a bag printing business.
The first thing you can do is register your business with the registrar of companies (ROC). You can continue with acquiring a trade license from the local municipal authority. The license will permit you to run the business in society. You may also need a Bureau of Indian Standards (BIS) Certification to print on paper bags. After that, complete your Udyog Aadhar certification, which is mandatory. In addition to this, you must have all the following documents to perform the daily activities:
- Updated Account Number of the Company.
- GST Number
- PAN
Marketing
You have started a business, but how will the clients know about your brand? Therefore, it is necessary to incorporate the best promotion and marketing strategies to spread the word about your business.
The more prospects know about your business, the more chances you have to convert them into your customers, thus surpassing your competitors and staying at the top of the sales curve.
You can approach the best marketing agency in your location to sell your brand while focusing on delivering the best customer experience.
Bottom Lines
Starting a new business becomes less hectic when you know the right way to do it. The above-mentioned are the definitive steps to keep in mind before starting a bag printing business.
We hope that this article helps you kick start a bag printing business and make it survive and grow in the long run. In case you have any questions or queries, feel free to ask in the comments section.