Do you want to establish a business for very little money and make a lot of money? If that's the case, Pulse Business might be a better fit for you. Starting this business with the right guidance can help you earn thousands of dollars. Here are some helpful hints for turning your pulse business into a prosperous venture.
The appealing aspect of this small company concept is that it can be started with little capital. So, let's get started and learn how to start a pulses business, how much it will cost you, and how much profit you will make.
Demand in pulses business:
Pulses are used in almost everyone's home, hence their price is always rising. Everyone wants to eat lentils, and they also have a number of health benefits. As a result, if you wish to start trading pulses in this condition, you can make a lot of money. You can generate a profit of around Rs 50000 per month if you do the business with the correct guide deal.
Cost to start pulses business:
It will cost you up to Rs 5 lakh to begin trading pulses. If you don't have enough money, you can borrow money from a bank. It should be mentioned that the government has created a number of such programs through which you can borrow money to start a business.
How to start the pulses business?
Choose the right place:
Before starting any type of business, you must first find the appropriate location. It's great if you have your own shop; otherwise, you'll have to rent one. You must find a location in a market where there are fewer ration shops. As a result, customers will have no difficulty visiting your store. Profits are higher when there is less competition.
License required for pulses business:
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You have to get GST number, to get GST number you have to register through the GST portal. But remember, there is no GST of any kind in unopened lentils and plastic-packaged lentils. If you sell branded lentils, it will cost 5% GST.
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To start this business in a rented shop, make a rent agreement.
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After it is done, you have to get a license to run a shop from MCD.
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As the business of lentils is related to food, you are required to obtain a license from FSSAI.
Where you can buy lentils?
In most of the state, there are pulses mills, which are sold in polished pulses retail market or wholesale market. But, to get in-depth knowledge about this business, take the help of social media.
There are some states like Delhi NCR which have lots of pulses that you can contact directly. You can also buy lentils from your resident area.
How to market the pulses business?
To advertise your pulses business, create a brand. Make sure the pulses you sell are of good quality. If the quality is high, you can make a lot of money in a short period of time. You can sell lentils both offline and online via Big Basket, Amazon, and other e-commerce platforms.
Profits in pulses business:
Profits from this business depend on where you opened your shop and how many pulses are being sold from your shop. You must focus on proper planning, right shop location, good quality pulses, less competition, and more marketing.
(Also read: Top Most Profitable Agriculture Business Ideas)
