Toothpick production business is one of the businesses often overlooked by most entrepreneurs. Toothpick business is very lucrative and anybody can venture into it. It has a very short period of paying you back. Believe me, the payback of your invested capital is going to be very enormous.
You have the intention of starting your own toothpick production business right? Of course the answers is YES, I bet you. After all, that intention of starting a toothpick production business is what prompted to get on Google with some research keywords like:
How to produce toothpick, how to start a toothpick production company, toothpick manufacturing process, etc.
Ooh! The keyword that you found this article is not listed here right? Whatever keyword that brought you here, it landed you on this page to learn how to start your own toothpick production business.
But Can I Really Make Money From This Toothpick Production Business?
The simple and plain answer to this question is YES… the demand for toothpicks is very high. That I why it is sure that you are going to make money producing it.
Oh! You want me to tell you the number of toothpicks used on a daily basis in various hotels, school hostels, fast food joints, even in various homes, what about events and parties? In Nigeria there is a popular meat they call “SUYA” if you are a Nigerian reading this post, you probably know what I mean, have you ever imagined how many toothpick this “SUYA” sellers (Malam or Aboki) use in parceling SUYA for their buyers?
I mean the demand for toothpick is very high, so you are of a great advantage of making cool money from this lucrative, yet, ignored business opportunity.
Do you know what interest me most about this toothpick production business? No! Right? What interest me most about the business is that the raw material for its production is locally available in most rural areas.
What this means is that; lack of raw materials for your toothpick production business will never be in your dictionary. So there will always be consistent supply of the raw materials, which implies steady toothpicks production, an increase in the production capacity, as well as increase in lucrativeness.
As I said earlier that the demand for toothpick is high, there is no point pondering about how successful you will be; starting the business. So if you are still in search of a business that needs a little capital with much profit in return; look no further, as toothpick production business is a perfect business opportunity for you.
How to Start a Toothpick Production Business
- A Business Plan – first and foremost, you need to write a business plan for your business.
You can never overlook the impact of a business plan in any business. The fact that the nature of this business looks pretty easy does not mean that you should not have your business plan.
A business plan will help you work towards the achievement of your set goals, as well as stay focused on the business.
It will also state the cost of starting the business, its targeted market (your potential customers) and many other vital information that will help your business grow well and fast.
- Start up Capital – As explained in the first point above; your business plan will help you know how much you are required to start with, the actual amount required to take your business through its infancy after its official launching.
You can either apply for a business loan, or you get into business partnership; if you are not buoyant enough to take care of all the required start up capital.
However, here are the steps to get a business loan in Nigeria. Please share the requirements of getting a business loan in your country with us in the comment section.
- Get a Strategic Location – There is no specific place where your toothpick business should be established, but it is always advisable to start any business where its target market is not far fetched.
In this case, it is recommended to find a location near places like: hotels, restaurants, school hostels and so on, the point is; find a location in a place where the product will be demanded in bulk.
- Hire Staffs – The process of toothpick production will require you to hire more workers to work with you; though the number of workers (staffs) you need to hire will solely depends on the quantity of your production.
- Get Necessary Production Equipments – The production of toothpicks requires the use of various machines ranging from sharpening, splitting, polishing, dust collector and packing machines.
However, it does not necessarily mean that you must purchase all of the above listed machines before you get started.
- Look For Raw Material Supplier – If you never knew, the main raw material used in the production of toothpick is bamboo or hardwood while the plastic containers are used for packing the produced toothpicks.
So before setting the ball rolling, make sure you have a supplier that will always supply you with bamboo handy. Not only getting the supplier handy, but also, he must always be consistent in making the supplies.
You are likely to find people who will supply you with bamboo in rural areas. To ensure consistent toothpicks production, you must make sure you have more than one bamboo supplier, in case the other runs out of stock.
Once all of the above listed points are taken care of; you are ready to face your toothpick production business squarely. So start the production and sell them off.
Though before your own toothpick manufacturing company came into existence; there might have been others. In this case, you may have a little challenge of getting customers. So you may have to dilute your price a little “not your product” so you can get customers from your contenders.
From my desk, that is all for now; regarding how to start a toothpick production business, you have other stuffs to contribute right? Please do not hesitate to do so using the comment section.