How to Start a Metal Gate Making Business in Bangladesh
Starting a Metal Gate Making Business in Bangladesh
It’s one of the highly profitable businesses in Bangladesh to start a metal gate making business. In the most modern buildings, a large-sized metal gate has become the standard accepted feature. Not only for security and privacy but the metal gates are used for decorative purposes as well. Also, there is wide use of metal gate in the industrial and residential buildings along with textile shops and other trading shops. Usually, it has a great demand in the personal houses to protect from any unwanted incidents.
As the business is highly demanding, there is a chance to make a lot of money. Basically, fabrication performs using steel because the metal works are long lasting durable and sturdy. But, why the business is suitable for Bangladesh and how to do it is coming up in the next topics.
Why Start a Metal Gate Making Business in Bangladesh
There is a lot of real estate business in Bangladesh despite economic instability. This is because of the growing demands of housing for a huge quantity of people. It’s natural that people will build houses both in the urban and rural area. It means that the demands of the metal gate making business are getting increased gradually.
A house is not fully complete until it has a beautiful main gate and usually, that comes with metal. It’s mostly found for those who are making a luxurious house in common. But, nowadays the theory is common for all who are making their house. Even, some people make their main gate nicely before making the house.
Not only for the house but the metal gate are also used in different premises. So, it’s a great business for you if you have practical knowledge and skills.
Steps to Start a Metal Gate Making Business in Bangladesh
From the above discussion, we can definitely say that there is a good prospect of this industry in Bangladesh. You need adequate training in metal works while starting a metal gate making business. If you don’t have metal works training, you can hire someone who has it.
But, it’ll be more profitable if you do the job your own. Apart from being the toughest task, metal gate manufacturing jobs abound and require expert handling. But, the question is that how to start this business and what things require to start it. Well, let’s know the steps to start a metal gate making business in Bangladesh.
First Step: Business Plan
If you want to be succeeding in your business then you should make a clear business plan for the metal gate making business. There is no business that you can run successfully without making a solid business plan. And if we talk about this business; it could be never success without a master plan.
If you can make it that’s fine, but when you don’t know how to do it then take help from some experts. Although it sounds tough while talking about a business plan, it’s first and foremost vital for your business. If you start with a good business plan, you’ll not be unsuccessful in it. If not, lack of a proper plan, things goes harder to maintain. What a business plan comes with is below:
- Initial costs
- Target market
- Type of business
- Registration & permits
- Niche market
- Business marketing
- Business structure
- Sale representatives etc
Second Step: Business Location
A metal gate making business naturally calls for a central location, unlike many businesses. As you’ll need to be able to store your equipment safely, you need a place to store several different materials. Also, when you have a central location, you can use supplies on hand to help boost sales.
As the customers are often hands-on, they will want to touch and feel different fence types before contracting with you. Moreover, you can show off the best in fencing styles and materials if you have a location that has both storage and office space.
Third Step: Getting Training & Employees
A metal gate making business requires lots of training as the job of steel fabrication is highly technical. If you’re not well-trained, you can acquire skills from practical workshops or a technical school. Also, you can either work understudy a mentor or as an apprentice.
And in order to ply your trade, you need to have a certificate. So, you should acquire adequate mastering on the different disciplines in fabrication work such as joining, welding, turning and fitting. Besides, you might need to hire some staff even if you have adequate training and certification.
Four or five staffs are good for this type of small business. When you have a team of certified members, the company profile will look great.
Fourth Step: Business Promotion
You’ll need to be an aggressive self-promoter and use every form of marketing that is available to you to build a competitive metal gate making business. So, if you like to become part of the local Chamber of Commerce then it’ll be very important to network yourself.
When you ensure your card or flyer goes out with their prospectus, these will give you networking opportunities to speak with real estate business and homeowners associations. Moreover, you should consider joining the trade organizations and farms. Besides, if you put ads in the local newspaper’s service directory and running targeted ads on the radio you can use these traditional methods. And finally, you can use the latest technology named the internet by blogging.
Fifth Step: Know the Competitors
You need to study your competition before to starting your metal gate making business. If you read their company profile, team and services rendered then you’ll understand their strengths and weaknesses. When you know your competitors, you’ll understand what you’re doing and what you should do. Also, it’s important to learn from established brands what they are doing right. Moreover, if you like to get some business pieces of advice then find a mentor outside your locality.
Some Other Steps to Follow to Start a Metal Gate Making Business in Bangladesh
- Get the correct licenses and permits
- Take the correct insurance for your company
- Decide what equipment you’ll need
- Know your materials
- Register your business
- Step up a workshop
- Establish your client base
- Make unique steel items