Currently if you are looking to start a new business, slipper manufacturing business is one of the highly demandable businesses. Lifestyle products are always highly demandable and products are offered in various designs. While comparing to other products types slipper is having a huge market space. When it comes to regular use footwear typically most of them re using this type of footwear’s on daily basis. India is the second largest producer of footwear in the world. Largest producer is China. Chennai, Pune, Calcutta are the major production of footwear in India.
Business Plan
India has a huge population so market for Slipper are always high and there is a huge export opportunities available for this product. Globally it’s a one of the daily use product and nowadays lot of them are making some customization and making their own slippers for their use. Slippers are made of Plastic, Rubber and UPVC as well.
Types: Casuals, Flip Flops, Sliders, Sandals etc.
Licenses: Factory License, Non Objection Certificate from local government, GST License, MSME Certificate etc.
Raw Materials: Slipper leather sheet, Rubber sheet, Plastic sheet, UPVC sheet, Water, Electricity, Labor’s, Adhesive etc.
Places to Market the Slipper: Slipper shops, Hotels, Departmental stores, Super markets, Resorts, Swimming pools, Hospitals, Industries, Schools, Colleges, Sports courts etc.
LED Bulb Manufacturing, Business Plan, Setup Cost, Profit DetailsInvestment
Usually we need some of the basic machinery to make the slipper initially, that includes Leather cutting machine, strap cutting and fixing machine, Bottom sole cutting machine, rolling machine, packing machine etc.
Area
Need 300 to 400 sq feet of area to start a slipper manufacturing unit. Again it’s based on the size of the business which we are going to start.
Marketing Strategy
- Provide advertisement on televisions.
- Send a pamphlet on different daily newspapers on daily basis for a week.
- Advertise on billboards.
- Make your own brand and market your slipper.
- Provide some promotional discounts on festival seasons.
Profit Details
Lastly target of the business is huge and after all the expenses we can able to make somehow 15 – 20% of business profit on slipper manufacturing business. Slipper industry is a growing industry in all the years.
How to Start a Small Business in India