Profitable Business Idea of Pulses : Small business idea of pulses: Do you want to start a business with very low cost and make good profits? Then, opting for Pulse Business may be a better option for you. Starting this business with a right guide can help you earn in millions as well. Below are some important tips to help you make lentils business a profitable venture.
Profitable Business Idea of Pulses
The interesting thing about this small business idea is that you can start it with little money. So, let’s start and know how to start a pulses business, how much it will cost you and how much profit will be made on your business.
Demand in Pulses Business:
As lentils are used in every person’s home, the price of lentils is constantly increasing. Dal is what every person wants to eat and also has various health benefits. Thus, in such a situation, if you want to start trading lentils, you can make a lot of money from it. If done trading with the right guide trade then you can make a profit of around 50000 rupees per month.
Cost of starting a pulses business:
If you start with trading pulses, it will cost you up to Rs 5 lakh. However, if you do not have enough money, you can take a loan from the bank. It should be noted that the government has implemented many such schemes under which you can start a business by taking loans.
How to start a pulses business?
Choose the correct place:
First of all, you need to choose the right place before starting any kind of business. If you have your own shop, its fine otherwise, you will have to rent a shop. You should choose a place in a market where there is less ration shop. So the customer will not have trouble coming to your shop. Less competition means more profits.
License required for the business of pulses:
You have to get GST number, to get GST number you have to register through GST portal. But keep in mind, there is no GST of any kind in unripe lentils and plastic packaged lentils. If you sell branded lentils, it will attract 5% GST.
- To start this business in a rent shop, make a rent agreement.
- After this happens, you will have to get a license to run the shop from the MCD.
- Since lentils business is related to food, you are required to get a license from FSSAI.
Where can you buy lentils?
Most of the state has pulses mills, which are sold in polished pulses retail market or wholesale market. But, to get more in depth information about this business, take help of social media.
There are some states like Delhi NCR which have a lot of pulses which you can contact directly. You can also buy lentils from your resident area.
How to market lentils?
Build your brand into the market pulses business. Ensure the quality of lentils sold by you. If the quality is good, you can make a lot of money in a very short period of time. You can sell pulses offline and online with the help of Big Basket, Amazon, e-commerce, etc.
Benefits in the business of pulses:
The profit from this business depends on where you have opened your shop and how many pulses are being sold from your shop. You should focus on proper planning, right shop location, good quality pulses, less competition and more marketing.
