Do you want to start bamboo crafts business from home? Find here a detailed bamboo crafts making business plan sample for your ready reference.
Basically, crafts making with bamboo is a brilliant opportunity for the small-scale entrepreneurs. In addition to that, the business is easy to start with low investment. Even, you can start the business at home. Nowadays, there are immense opportunities for selling the bamboo crafts items to the wide range of customers.
Basically, bamboo crafts are very popular due to its eco-friendly and durable attributes. This type of crafts occupies a significant position in the handicraft industry. As a material, bamboo is sustainable, renewable and has ecological friendly properties.
In this site, you will find an article on how to start a commercial bamboo farming business. And here, we are sharing the important information on how to start a bamboo crafts business with a small investment.
Bamboo Crafts Market Potential
Currently, the bamboo made crafts market is growing significantly both in terms of volume and value in the global bamboo market. Actually, the significant production and consumption of bamboos across various end-use industries are the major reasons for this.
Bamboo is a versatile multi-purpose forest produce that plays a vital role in the world’s domestic and industrial economies. Bamboo and bamboo-based products are used for a wide range of indoor and outdoor applications owing to their abundance and versatility.
Actually, bamboo is an effective alternative to wood and industrial raw materials in both modern industrial and traditional cottage sectors. All these factors are positively contributing to the growth of the bamboo crafts market globally. So starting home-based crafts making business with bamboo is a lucrative opportunity for the artisans.
Different Types of Bamboo Crafts Ideas
Actually, the bamboo-based furniture holds the 1st position in the industry. Additionally, volume-wise, it occupies the first position in the export also. Some of the other most popular items are
- Baskets in different sizes and pattern
- Different types of mats
- Wall hangings
- wind chimes
- Sitting Stools
- Bamboo trays, cups, bowls, spoons and cutlery sets
- Fishing equipment
- Musical instruments
- Weaved bamboo blind and screen
- Barbecue sticks
- Fruit forks
- Party picks
- Backscratchers and ear scrappers
- Rice Spoon
- Plant support sticks
- Seat cushions
- Ice-cream spoons
- Kite stick
- Sticks for incense sticks industry
- Bamboo brooms
- Knife handle
- Bamboo curtains
- Bamboo handbags
- Flower vases and ashtrays
- Folding fans
- Walking sticks etc.
Finance for Bamboo Crafts Business
Generally, this type of unit demands very less startup capital compared to other industries. As you are starting from home, you don’t have to invest in securing the space for operation. However, you will need to invest the startup capital for procuring the equipment and hand tools. Additionally, you will need to procure the raw materials like bamboos, wires, threads and different items for decoration purpose. It is better to start with your own capital. However, you can also consider applying for bank loans also.
Bamboo Crafts Making Business Plan Startup Guide
Understand the Market Demand
It is important to understand the exact demand for the different products. Generally, the local demands depend on the different tastes of the local demographics. So, it is important to identify the products that have existing demand. Additionally, check the retail price of those products. These all will help you in deciding the price of your materials.
Craft a Business Plan
You must craft a business plan before starting the business. You must include your financial analysis and marketing strategy. Additionally, you must include the ways of advertising your products. Basically, a well-crafted business plan helps to initiate the business in a right way. Additionally, it helps to get the finance from the financial institutions.
Broadly, the resources consist the equipment, hand tools, and raw materials. Basically, a set of Bamboo processing machinery consists of Bamboo cross cutting machine, Bamboo Hydraulic Splitter, Bamboo Internal knot removing machine, Bamboo External Knot removing machine, Bamboo Multiple Slicing Machine along with a set of different tools. According to the product you want to produce, you will need to procure the decorative items also. Also, think about the packaging. You must provide commercial packaging for your bamboo crafts items.
Sell your Bamboo Crafts
Practically, there are numerous ways you can sell the crafts. First of all, you can sell from the local retail gift stores on a consignment basis. Additionally, crafts fairs and street fairs are the most suitable options for selling crafts. In today’s digital era, you must consider selling your crafts online. And creatively, there are numerous options online. Primarily, tap the online marketplaces that sell crafts. You can consider Amazon, Etsy and eBay. Additionally, you can also consider setting up your own online store for selling the bamboo crafts items.