Introduction to profits in Slippers making business (Cost to Start)
Slippers are usually used in every household. Mostly available in rubber, slippers are being used for rough but regular use at home. With the increase in the usage of slippers at home and sometimes even outside, many manufacturers from various provinces of the nation are planning to set up slipper making business.
Ideas to start and make profits in Slippers making business
This is a very profitable business and demands very low capital comparatively. To make your business successful first you need to make a perfect slipper manufacturing business plan. Now, let us get into the details of slippers making business for profits.
License, registration, permissions for Slippers manufacturing business
Slipper making business is categorized under small scale industries. So it is essential to register the business under MSME. Also, there are few other license and registration processes associated with this business. It is obligatory to issue a trade license and registration with RoC (Registrar of Companies) to initiate any business. So the manufacturer must register his company also apply for a trade license for beginning the manufacturing and selling of his products.
While registering with RoC, registering as LLP or OPC is preferable for this kind of business. Lastly, if you are keeping your brand name for these slippers in that case copyright on brand name must be issued from ISI by the manufacturers.
Steps of the Slippers making business process for great profits
Slipper (Chappal) manufacturing process has some simple steps with the use, of course, raw materials. To cut and for the specific shape of the slippers, the manufacturer must have particular machines. Apart from the machines, appropriate essential raw materials are necessary. There are simple steps that are explained in brief here.
Step 1: Buy important raw materials, install the machines, and appoint one or two labors to help you with the manufacturing operations. There is no need for skilled people for the machine operations here.
Step 2: The rubber sheets must be cut in shape. There must be 9 sizes, from 1 to 9. Set the sizes on the machines and cut the sheets as per the sizes. The straps even must be cut in appropriate shape and size.
Step 3: Drilling machines are required to make the holes on the slippers. After you make the holes, put the straps on to those holes.
Step 4: After this slippers are must be printed. The company name and the size should be printed properly on the slippers. You can even do this printing of the slippers before the hole and strap process as well.
Step 5: Once the printing is done the slippers must be dried so that the print is not damaged. Dry them for a night and then proceed for the packaging step.
Step 6: Pack them carefully with proper packaging materials. The slippers are will be ready for selling to the market.
Raw materials for Slippers making business
Two parts of materials are required for slipper making business. The raw material for slippers and the next part is packaging constituents. In the case of slippers, rubber sheets and straps are the main raw materials. For the packaging material, there are cardboard or plastic boxes that are needed along with cartoons that will be useful for safely transporting them to the market.
These materials can be acquired online. Make sure you do not compromise on quality products while purchasing these materials.
Rubber sheet for the slippers’ can be obtained at varied costs for different materials. Generally, it ranges between Rs. 300/- per sheet to Rs. 450/- or more for each sheet based on their material and quality. Straps for the slippers can be acquired from retail or even the wholesale market. The straps can be of various types. The fabricated strap laces are available at Rs. 4/- to Rs. 8/- per meter. If you desire to have rubber straps, then it will be around Rs. 75/- to Rs. 100/- per dozen based upon the product quality.
Slippers manufacturing machine
Slipper making business employs a set of slipper manufacturing machines to start up. Firstly you require a sole cutting machine. These machines are needed to cut the long rubber sheets into pieces by checking the perfect shape and size. After that, a drilling machine is required for placing holes on the soles of the slippers. Some of the drilling machines can keep the straps into the holes.
So to fix the straps you can use must use hand tools. They are easy to use without having specific skills.
Finally, you require a finishing machine. Finishing machines are used to cut and shape the slippers and the straps perfectly. If you are planning to use the automatic machines then finishing could be done by the single machine only.
Apart from these machines, some dies are needed for the slipper manufacturing business. High-quality machines come with dies fixed on them, but the low-quality machines lack dies, and manufacturers must buy them and fix them separately.
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Where to get machines and its price
Machines are available in offline shops as well as online. Shopkeepers who deal with heavy machinery keep these machines. For online stores, numerous websites provide machines with specifications such as their capacity in slipper making process.
These machines are available at various prices based on capacity and quality. Basic machines which are employed to cut the soles are available starting from Rs. 18000/- and more. These are solely used for cutting and shaping the soles. In the market, you can also avail automatic slipper making machines and even the semi-automatic slipper making machines
If the manufacturer desires to use high-quality automatic shoemaking machines, then they are available from Rs. 1 Lakh and more. Some of the machines even cost about Rs. 2.5 Lakh based on their capacity and standards. These expensive machines are meant to manufacture a range of shoes but not only used for slippers. So, the slipper manufacturing machine price ranges from Rs. 20,000 to Rs. 2.5 lakhs based on capacity and quality.
Packaging process of Slippers
The packaging process for the slippers requires just a few simple steps. Firstly you require plastic bags or covers for packing of the slippers. Acquire these sheets or plastic bags from the nearby stores, you can even place your company logo on it or keep it plain.
After wrapping the slippers in the plastic packet, place them in a carton box. Also, you add company stickers or logos to carton boxes to display your brand name. Now, you require a big cartoon box to place a lot of slippers and for transporting it to the market.
Slippers making business cost
Slipper making business needs less capital. To initiate this business for a large scale or to yield higher volumes of slipper manufacturers in India requires Rs. 5 to 6 Lac. With medium size expenses, large scale business can be initiated. On the opposite, those who planning to start it with less output should spend a minimum of Rs. 1 Lakh for the business arrangement.
As discussed before, slipper making business requires a total Rs. 1 – 2 Lacs to arrange the business. Apart from purchasing raw materials, machinery, and packaging materials, the business requires some manpower. Skilled workers are not necessary for operating the machines used in making slippers. Since the machines are not complicated they can be handled by a few workers because the machines are not fully automatic.
On the other hand, if the manufacturer is not using drill machines or strap fixing tools then there is a demand for more workers for fixing the straps. In such a case, Rs. 30,000 more will be included extra to the cost of slipper making business.
Profits margin in Slippers making business in India
Slipper making charge will be Rs. 30/- to 40/- per piece and the selling price of these slippers is fixed to Rs. 100/- and more. This indicates for every slipper a manufacturer will gain at least Rs. 60/- profit. If the unit is smaller for the manufacturer then even with a low-quality machine he may produce about 100 dozens of slippers simultaneously. That counts a minimum of Rs. 60,000/- and more profit margin for the individual manufacturer.
Usually, for the slipper making business, in small scale, Rs. 10,000/- to Rs. 20,000/- profit has been seen at the end of the month. If there is a huge setup for the same business, manufacturers can earn Rs. 40,000/- and above for a month.
Marketing strategies in the Slippers manufacturing business
The slipper is one such thing that is used by almost every household. Chappals or commonly Hawai slippers are commonly seen in most of the sections in our society. Commonly, there are many manufacturers with the same business. Thus the marketing policies must be ideal for you to get more clients towards your product or business.
Firstly it is important to market the product as much as they can. It can happen through advertisements or offers (discounts) and so on. The manufacturer should give much importance to its branding and promotion so that people come and buy your product.
The target area for marketing
As slippers are commonly used in almost all households, the targeted area is any nearby locality. Not only local markets, but manufacturers can sell their slippers in malls or large departmental shoe stores too. Before selling the goods the manufacturers must advertise about their slippers and make it famous.
To make it more famous, manufacturers must promote using local newspapers, flyers, kiosks, banners, and ads on hoardings. For indoor ads, electronic mode using radio channels or television ads will help in promoting the business a lot.
Precautionary measures in Slippers making business for maximum profits
The primary thing that must be kept in mind while initiating slipper making business is space. Slipper manufacturing machines require a large area for installing various types of machines that are required for slipper making business. So the manufacturer must take care of the space he is planning for his business.
Risks in Slippers manufacturing business
The biggest risk with the slipper making business is the rubber quality that is being used. Many types of rubber sheets can be obtained in the market. Various low-quality sheets that are less expensive are obtainable as well. Make sure you select the proper quality of the variety when making sandals or regular chappals. These low-quality rubber sheets will damage easily but not weather sensitive. While using the rubber sheet it is important to pick appropriate rubber sheets to make the sale of the shoes or slippers.
Slipper making business is a very simple and money-making business in India. As mentioned above to initiate this business people do not require more money. If any individual having Rs. 1 or 2 Lakhs with sufficient space can initiate their slipper manufacturing business immediately.
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