How to Start a Ball Pen Manufacturing Business in Bangladesh
Start a Ball Pen Manufacturing Business in Bangladesh
A ball pen manufacturing business is not only simple but you can initiate the business as a home based manufacturing operation with moderate startup capital investment. Ball pen is as the essential writing instrument for students as for the educational institution and in a type of office work.
As the mass consumable item, wide and increasing usages of ball pen and refills have made this product. Because use-and-throw pens are very popular among the students, there is always a very good demand for quality ball pen and refill.
In view of price and uses, the use-and-throw pen is a highly demandable thing in the market.
Also, while having simple machinery, any individual can start this manufacturing operation. Apart from these, the required raw material is also available locally. And the machinery is also available at a low cost.
Why Start a Ball Pen Manufacturing Business in Bangladesh
There is a good demand for ball pen from the students of the primary level to the college and university levels. Also, the demands are in the public sectors and private sectors of using ball pens are huge.
These are the potential reasons to start a ball pen manufacturing business in Bangladesh. Before a pen can be demoted to a writing instrument that has used all its potential, it’ll take probably a long time more. Or, mostly possibility it’s never will be. This is because writing instruments, especially pens, are an everyday tool that serves many purposes.
Even with the advent of iPad and notebooks, they are basically used in schools and offices. As it is the basic writing instrument that almost every people use, it seems the need for pen cannot be quenched.
Starting a ball pen company is not a farfetched entrepreneurial idea for any business-minded individuals out there with this in mind.
Since it’s expected that there is a ready market for it once a pen company is set up, the demand for this tool is just great. This is a perfect business for you if you’re inclined to set up a ball pen company.
Related: 10 Best Profitable Manufacturing Business Ideas for Bangladesh
Steps to Start a Ball Pen Manufacturing Business in Bangladesh
The ball pen manufacturing business is having a bright future in Bangladesh and the ball pens are being produced from plastic materials in modern time. If you start doing the business, there are many types of ball pen refill machine is available in the market.
Depending on the different models, a ball pen refill machine may cost BDT 7, 000 to BDT 15, 000. But, when you’re going to start the business, you’ll find there are many aspects of the business that comprises a pen company and one of these is personalized pens.
Although you can choose to follow this path for your pen company, this is as far as many pen companies out there choose to follow. And you should have at least an idea of who your customers are if you’re going to go in this direction.
Well, let’s know the steps that are essential to start a ball pen manufacturing business in Bangladesh.
Business Plan for Ball Pen Manufacturing Business
You must be creating a business plan and you can’t be short-sighted when starting up this business without a proper planning. That’s why, when you’ll need to hire staff you can utilize a separate manufacturing space.
It’s the reason that you need to know how long it is until you will start making a profit. In addition, a business plan helps you to decide on your sales avenues.
If you will need to know the items on your list then there will be many points along the road to starting up. This is because it’s vital you write a business plan thoroughly.
Moreover, seek assistance if you can’t do this yourself. Apart from these, it’s a ball pen manufacturing business in Bangladesh that you can’t go without a good plan like any other business.
Business Location for Ball Pen Manufacturing Business
While starting up a ball pen manufacturing business in Bangladesh, there are two separate parts of your location decision. It’s important to know where your product will be made and where it will be sold. Some manufacturing businesses may be able to operate out of your homes while starting up. But, you may have to find an external office if you require specialist equipment of large spaces.
Although there will be space available all across the country, the prices do vary. So, try to find out the cheapest option that will fit your requirements.
Necessary Training and Skills for Ball Pen Manufacturing Business
You’ll need to be able to efficiently create your product to the highest possible standard as a manufacturer. And it will come from your first few attempts at each strand as a lot of what you need to learn about starting up a ball pen manufacturing business in Bangladesh.
Before you settle into a routine your production technique will change dramatically. Through rewrites with a business manager and your sales pitches will never stop changing and improving, your business planning skills will be developed.
Although starting-up a manufacturing business will require a huge investment of time, on top of that you will need a variety of skills, including confidence, willpower, multi-tasking ability, an analytical mind, a good grasp of accounts, marketing knowledge etc.
It’s an assembling process are a micro scale industry while starting a ball pen manufacturing business. Like any other business, you should either have or arrange necessary funds to run your business.
However, you’ll need to have a project report or a business plan with details of machinery cost, raw material cost and working capital investment plan in any case of a business loan.
And before applying for a loan or any type of finance from financial institutions, the proper financial analysis you must have. If you have your personal money then it’s better.
But, in case you don’t have that, you can arrange from-
- Bank loans
- Soft loans from relatives
- NGO Loans etc
Machinery for Ball Pen Manufacturing Business
About 200 square feet onwards area is required while starting a ball pen manufacturing business unit. Apart from these, the major required machinery is:
- Ink filling machine
- Punching machine
- Centrifuging machine
- Nozzle fixing machine
- Hot stamping machine
But, there is a good option that a ball pen manufacturing unit also can be established as a fully automatic basis. Depending on your financial state, you must choose the right machinery for the project.
Some Other Essential Steps to Follow
- Business Marketing
- Hiring Employees
- Production Unit Setup
- Business Management
- Cost Management
- Raw Material
- Business Registration
- Trade License etc