As you start planning to take the plunge and launch your own business, it’s easy to get overwhelmed by the process of deciding what product or service to sell. Your ultimate goal should be to make money, but there are so many different ways to do that. There are also plenty of ideas out there that could turn into your dream business—it’s just a matter of narrowing down all the options and picking one that will really work for you in the long run.
Here are six profitable business ideas that will help you make money fast, so you can start living your entrepreneurial dream sooner rather than later.
Download PDF: 6 Profitable Business Ideas for Making Money Fast
- Decortication & Packing of Peanut
You’ve probably heard the term Decortication and Packing of Peanuts if you work in the food industry, especially if you deal with peanuts. Simply said, it entails removing the peanut’s outer skin and packing it before shipping or selling it to clients. What does it mean to decorticate peanuts, though? What does it mean to “decorticate”? The skins of peanuts are removed before they are hulled. After that, they’re roasted.
Business Plan: Decortication & Packing of Peanut Project Report
The bacteria that live naturally on peanut shells are killed during roasting, preventing the oils from becoming rancid. Peanuts are shelled again after roasting to eliminate any leftover shell particles. This procedure also removes any small shell fragments that were missed during the decortication procedure (this can happen if a peanut gets slightly crushed during shelling). Finally, the decorated nuts are ground into a fine powder that can be used in goods such as peanut butter and protein powders.
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The peanut shelling industry is dedicated to food safety and quality across the supply chain. The ability of regulatory agencies and industry to work together to improve food safety and quality using the latest research is critical to the peanut shelling sector’s overall effectiveness in delivering safe, nutritious products to customers. Effective agricultural practises and the use of extension research affect the farmer’s net profit.
Related Feasibility Study Reports: Food Processing and Agriculture Based Projects, Snack Food, Frozen Food, Agro Processing Technology, Processed Food, Instant Food, Food Industry, Food Preservation, Canned Food, Packed Food, Ready to Eat Food, Cereal Food, Pickle, Spices, Grain Milling, Value added products
High oleic types pose a unique market difficulty; while most manufacturers see this as a way to extend shelf life and freshness, it puts the producer and sheller in a bind. Peanuts are the most widely used crop in the food industry, appearing in a wide variety of products. From 2021 to 2026, the peanut market is expected to grow at a CAGR of 4.5 percent. Peanut markets are ideal for producing a variety of peanut oils, dry roasted peanuts, and snacks for direct or indirect consumption.
- Readymade Khaini (Chewing Tobacco)
Khaini is a chewing tobacco that contains tobacco, lime, and spices. In India and Pakistan, it is used as an oral snuff, with Karnataka, Kerala, and Tamil Nadu having the greatest consumption rates. In some sections of Sri Lanka and other parts of Southeast Asia, it is also utilised. It has gained popularity in Africa in recent years as a low-cost substitute for cigarettes or chewing tobacco, or as a chewing gum after smoking marijuana or khat leaves.
Business Plan: Project Report on Readymade Khaini (Chewing Tobacco)
SLT (Smokeless Tobacco) is only found in India and Southeast Asia, where it is made and used in various ways. In India, SLT products vary by state and can be mass-produced or homemade using tobacco and other spices. SLT products are colourfully packaged in sachets that are widely distributed in India at extremely low prices, making them accessible even to youngsters.
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Despite the fact that tobacco product advertising is outlawed in India, SLT producers are promoting non-tobacco versions of these goods using misleading brand sharing techniques. With a CAGR of 4.41 percent, the Smokeless Tobacco Market is expected to reach USD 23.20 billion in the next five years. Since at least 6,000 BC, tobacco and tobacco-related items have been around.
Related Feasibility Study Reports: Tobacco, Pan Masala, Khaini, Gutkha, Supari, Zarda, Mouth Freshener, Kimam, cigarettes, zafrani Patti, Smokeless Chewing Tobacco, Zarda Tobacco, Flavoured Chewing Tobacco
Since then, the NicotianaTabacum plant has progressed from a necessity to a key commodity to the centre of national discussion. Several tobacco kinds have been introduced to the market over the years, one of which being smokeless tobacco. India has the world’s largest SLT market. Over the last two decades, SLT has developed at an exponential rate in India, mainly in the unorganised sector. SLT cultivars account for roughly one-fifth of total tobacco production and 14% of total tobacco-growing land.
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- Liquor from Mahua Flowers
Mahua liquor is made from the mahua flower, also known as mahuaa or mahuwa, which grows abundantly in eastern India, Nepal, and Bangladesh. It contains an alcoholic content of 11 percent by volume in the majority of cases, but substantially greater levels are occasionally made illegally in rural areas. Mahua liquor, a moderately alcoholic beverage known as Mahua suraa, is usually made using fresh flowers added to unfermented rice beer that has had the yeast removed. The suraa is distilled to create mahua liquor.
Business Plan: Liquor from Mahua Flowers Production Business
Mahua, often known as country liquor, is created from fermented Mahua tree flowers. Dried mahua flowers are significantly less expensive than other raw materials. Five kilogrammes of dried mahua flower can provide three litres of alcohol. Liquor also increases blood flow, which makes the body feel warmer and more relaxed. Moderate wine consumption is thought to be advantageous to one’s health.
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India is one of the world’s fastest growing alcoholic beverage markets, according to the Indian Council for Research on International Economic Relations (ICRIER), with a market of $52.5 billion (about Rs 3.9 lakh crore). According to the report, the market will develop at a 6.8% compound annual growth rate (CAGR) until 2023. The industry employs over 15 lakh people.
Related Feasibility Study Reports: Alcoholic and Non-Alcoholic Beverages, Drinks, Hard and Soft Drinks, Fruit and Vegetable Juice, Agro food Sector, Distilled Beverage, Carbonated and Non-Carbonated Drinks, Beer and Breweries, Caffeinated Beverages, Energy Drinks Projects
The market is likely to rise throughout the forecast period, owing to a growing trend toward alcohol use and an increase in the number of pubs and bars around the world. Furthermore, the industry’s growth is expected to be aided by an increase in the number of women who consume alcohol.
Read our Books Here: Alcohol and Alcohol Based Industries, Alcoholic and Non Alcoholic Beverages, Fruit Juices, Whisky, Beer, Rum, Wine and Sugarcane Bye Products
- IV Cannula and Catheters
An IV catheter and cannula, often known as an IV set or line, is the most common means to provide intravenous fluids, medicines, and nutritional supplements in the hospital or at home. Intravenous fluids are those that are injected straight into your vein rather than into your muscles or soft tissues (IV). An IV set, commonly known as a line, is made up of a catheter and a cannula.
Business Plan: Pre-Feasibility Report on IV Cannula and Catheters
The IV cannula, which is a small flexible tube with a trocar needle, is used to penetrate the skin with a trocar needle. Once the needle has been removed, the cannula contains a fitting that can be linked to additional tubing or a port for medication administration. A cannula is a tube that can be used to collect blood samples for testing, as well as to help in hydration and drug administration.
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IV cannulas come in handy in a variety of scenarios. It is evident that environmental changes and technological improvements provide us with a significant advantage. The growing importance of intravenous (IV) therapy is one of the primary factors driving the global rise of the IV catheter market. IV therapy is used in both surgical and non-surgical patients to treat a number of illnesses. The rising number of chronic disease cases around the world is another important driver driving the global IV catheter market.
Related Feasibility Study Reports: Surgical, Medical Plastics, Medical Disposables, Disposable Medical Products used in Hospitals
- Hexamethoxymethyl Melamine Resin (HMMM)
Hexamethoxymethyl melamine resin belongs to the melamine resin chemical family (HMMM). Because of its exceptional water resistance, hardness, and corrosion resistance, it’s often used in glues and adhesives, textile treatments, and a variety of wood finishing products. Hexamethoxymethyl Melamine Resin (HMMM) is a multifunctional resin that is resistant to alkalis, acids, and heat. Melamine formaldehyde resin, melamine formal resin, or melamine resin are other names for it.
Business Plan: Hexamethoxymethyl Melamine Resin (HMMM) Manufacturing Plant
It’s a translucent yellow powder that can dissolve in water and alcohol but not in acetone or benzene. In acid-free coating materials, HMMM can be employed as a fixing agent. Hexamethoxymethyl Melamine Resin (HMMM) is a multi-purpose chemical used to create plastic objects such as water bottles, coffee cups, food packaging, and other items.
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These types of plastics were previously made with BPA, but research has shown that BPA can cause health concerns in humans who consume or ingest things made with BPA-laced polymers on a regular basis, so HMMM was developed as a replacement. Hexamethyl methoxy melamine is a popular filler and crosslinking agent used in industry. Coils, cans, and automobiles are all made with HMMM-containing coatings and polymers.
Related Feasibility Study Reports: Chemicals (Organic, Inorganic, Industrial)
As a crosslinking agent, it’s used in conjunction with novolak resin and resorcinol. Hexamethyl methoxy melamine is recommended as an alternative for hexamethylene-tetramine because to its lower toxicity and less effect on scorch times. Asia Pacific is expected to be the fastest growing region in the hexamethyl methoxy melamine market throughout the projected period due to rising use of fillers and additives in the paints and coatings sector.
Read our Books Here: Chemical Technology (Organic, Inorganic, and Industrial), Fine Chemicals
- Flexographic Ink (for Milk Pouches, Soap Covers, Woven Sacks & Jute Bags)
Flexographic ink, commonly known as Flexo Ink, is a common printing medium for milk pouches, soap wraps, woven sacks, and jute bags. Flexographic ink is made up of an inorganic pigment and an organic solvent that allows it to be diluted with a carrier and then printed as a wet film with several colours on the object or container in question. The use of substantially thinner coatings distinguishes flexographic ink from other printing methods such as offset and screen printing.
Business Plan: Flexographic Ink (for Milk Pouches, Soap Covers, Woven Sacks & Jute Bags)
Flexo ink is often used in packaging, but it may also be used to print on a variety of surfaces at a low cost. Corrugated containers, folding cartons, paper sacks, plastic bags, milk and beverage containers, disposable cups and containers, labels, adhesive tapes, envelopes, newsprint, and grocery store packaging are among the materials it can print on. When used in flexo printing inks, Gellner acrylic polymers provide good adhesion to non-porous surfaces such as vinyl, polypropylene, metals, and glass.
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After increasing at a CAGR of 5% from 2020 to 2025, the flexographic ink market is expected to reach over $5 billion by 2025. Flexographic ink is used to print coated and uncoated paper materials, as well as non-porous substrates including metallized and paper foils, and plastic films. Regardless of the substrate material, flexographic inks stick effectively to the surface and produce high-quality printing.
Related Feasibility Study Reports: Inks, Lithographic Inks, Gravure Inks, Flexographic Inks, Offset Inks and Specialty Printing Inks, Inkjet Inks, Toner Inks, Copier Inks, Marking Ink, Colour Ink, Water Proof Inks, Writing Inks, indelible ink, Election Inks and Stationery Products
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