Rice is one such grain that is consumed all over the world. You can start a rice business without any hesitation. Every day, you can earn from thousands to lakhs. Not only in your country, but you can sell it in other countries as well. If you want to know how to do rice business, read this article completely. Today we will tell you how you can earn a lot of money just by selling food.
In our country, every person eats rice once a day, and it is also considered a good source of energy. You will also learn about its benefits and demand in this article. Apart from this, we will also give you the idea of doing business, tell you about profits and also throw light on some important points.
What Are the Benefits of Doing Rice Business?
There is some profit behind every business, some get the benefit of money, and some get the title of record-breaking sales. Today we will tell you the benefits of doing rice business.
- You will not have to think much about selling because people use rice every day.
- Our country is far ahead in the production of rice; hence, you will get rice at cheap prices and can also buy it in large quantities.
- You will find places where rice is not cultivated. You can earn good profits by setting up your store in those places.
How Much Demand Is There In The Market For Rice Business?
Most of the people in our country or abroad consider it necessary to consume rice in the afternoon. Now, what can be the harm in selling something that is being eaten every day? Crores of tonnes of rice are sold every day, and many varieties are also in great demand in the market.
Even if you sell rice only in packets, you can make huge profits. From this, you can imagine how high its demand is. Not only this, but there is a lot of demand for it in foreign countries as well. Rice is also produced in abundance in our country, due to which it is available at low prices. You can feel free to start it and sell a desired quantity of rice every month.
How Much Cost Will Be Required to Start a Rice Business?
To do the rice business, you will have to prepare a complete setup. In this case, you can get only rice at low prices, for the rest, you will have to invest a lot in the warehouse, cleaning and packing equipment, means of goods delivery, etc.
If you want to set up your plant, then you may need at least Rs 10 lakh. Whereas if you just want to buy goods from somewhere and sell them, then you will have to spend Rs 5-7 lakhs on setting up a store and maintaining it systematically. Arrange capital according to your business type.
How To Start a Rice Business? Know Every Step
Now we are going to tell you the most important thing: for the rice business, you have to follow every step. If you skip even one step, you will not be able to operate well.
1. Choose a business type.
There can be many ways to sell rice, you have to choose one of them. Do you want to cultivate rice, sell rice in the open, or sell rice in the packaging of your company? Consider all these things and decide about your business type.
By doing farming, everything will be yours, and you will be able to sell it at the price you want. Selling rice in the open means purchasing rice directly from the farmer, and finally, one way is to do business by setting up your plant.
2. Arrange Capital
Whatever business type you choose, you will have to arrange capital accordingly. It is required in lakhs, so take the decision only after thinking carefully.
If you want, you can also take a business loan under government schemes and fulfill your needs.
Take special care of which place would be appropriate to sell rice. Choose your business location only after careful consideration. Keep it in a place where customers do not face any problems carrying rice, and your store should also be visible to everyone, Only then will your sales increase. If you want to do farming, then you will have to look for land that is close to the market.
4. Store Arrangement
Apart from the location of your shop, you will also have to plan about storing them. Rice has to be kept well in the warehouse, and cleanliness also has to be taken care of. Do not keep the warehouse too far away, and also ensure that there is no problem with water leakage. If grains are soaked in water, it does not take time for them to rot.
5. Register the company name and logo.
To sell your brand of rice, you will have to think of a name for your company and also get it registered. Apart from this, get your business logo also registered. Unless you get both of these tasks done, further work will not be done legally. Once you have the paper in your hands, move forward with your business.
You may require many documents to sell rice. If you are selling food items, then you should get a license from FSSAI. To start a business, get MSME registration, take a factory license, and obtain an NOC from the Pollution Department for the factory.
If you earn more, get a GST number to avoid an income tax raid. By getting these made, you can be assured that your business can run smoothly.
7. Contact Customers
You will not get customers sitting at home, start with your local customers. You can convince retailer store owners for a deal.
Contact him before bringing the goods to your store, so that there is no wastage of extra food. If you are doing your farming, you should talk to the wholesaler about selling your grains.
8. Appointment Of Employees
You will need to hire some staff to clean, cultivate, store, and then deliver the rice. Hire such employees who know all the tasks and should be physically strong. Appoint an educated person for accounting and also hire a driver for transportation and delivery of goods.
9. Have Special Packaging
Rice cannot be kept in the open for long, as it may get infested by weevils or spoil. Get packets made by your own company and get them packed so that the food remains safe for a long time. You can make packets according to different weights and also decide the price for them.
10. Management Of Vehicles
You don’t need to buy your vehicle from the beginning, you can also take it on rent from someone and get the goods delivered. If you cultivate rice, you will need vehicles to transport it from one place to another. Whereas if you buy rice from other farmers, you will need a vehicle to bring it to the market.
11. Do Business Marketing
Marketing is very important for any business to take it forward. If you just open a shop and sit and wait for customers to line up, it is impossible. You have to make a promotion strategy for both offline and online methods. You can use advertisements in newspapers, pamphlets, posters, or hoardings, or you can also expand your business through social media.
How Much Profit Is Earned In Rice Business?
The profit of this business depends on what kind of business you are doing. If you want to grow your rice and sell it, you will get the highest profit. On the other hand, if you want to buy it from someone and sell it, you will get slightly less profit. However, one cannot earn more from less of any food item.
The bigger your scope, the more you will benefit accordingly. According to an estimate, if you keep everything on your own, you can earn one to one and a half lakh rupees; if you deal with someone else, you can earn a profit of up to Rs 50 thousand.
Take Some Precautions In Rice Business:
If you are preparing to sell food items, you need to be careful. While selling rice, keep some important things in mind. We are going to tell you about them in detail.
- Never think of storing rice for long. If you are buying from a farmer, then take less stock. Rice gets rotten if stored for a long time.
- Take care of the cleanliness of the place where you keep rice. There is often a crowd of rats in places with grains, which can cause harm to you.
- Keep the price of your rice a little low, people shy away from buying if the price is high.
- Do not forget to obtain the necessary licenses; otherwise, you may get into legal trouble. If there is anything wrong with your food items, you will not be allowed to do business further.
- Keep all types of rice with you, including varieties like Arwa, Usna, Basmati, Sona Chur, etc., in your store. With this, different customers will be able to buy rice as per their choice.
Conclusion:-
We hope that you liked today’s article. We have shared all the major and important information with you. If you have any other doubts in your mind about how to do rice business, you can ask through the comment box. If you want to read about such special information, then stay connected with us and keep reading new posts every day.
Discover more from TechAce
Subscribe to get the latest posts sent to your email.