In this modern society, each and every individual can initiate the matchstick manufacturing business on a small scale. Why because matchsticks are consumer durable product, which is used in many homes and as well as in the industry for burning waste materials. In the light of this, there is huge profit potential in the matchstick production business. So, an entrepreneur who had knowledge of channel distribution can start matchstick manufacturing business with moderate capital investment.
Generally, there are two main types of matchboxes,
- Safety matches
- Strike-anywhere matches
On these types, people prefer to buy safety matches as it is capable in both waterproof and stormproof. Strike-anywhere matches are a hassle and it is not safe too. Being the commoner type and the cheaper to produce, the first type will be safe to go ahead with your matchstick production business.
Starting a Match Stick Production Company – Sample Business Plan Template
Craft your Business Plan
Writing a business plan is the first step toward starting a profitable business. A business guide will help you steer your business to success by helping you focus on the business goals and objectives.
A business plan highlights the profitability of the market, machinery details, raw materials required, the competition, the total cost required to start and run the business, and the projected earnings from the business.
Find a location
You will also need to find a suitable location for your safety matches production business. It is best to choose a location that is very close to where potential customers and distributors can easily reach. Once the place has been all set, then approach matchbox wholesale dealer and develop your business on large scale.
Get the necessary equipment and employees
Most of your operations will be machine-mediated, so you will need to acquire the machinery you will need. These include:
- Splint production machinery
- Match production machinery
- Head composition and friction composition machinery
- Air compressor
- Log conveyor, and so on.
In addition, you will need to hire additional individuals to assist you with the business.
Find vendors for raw materials supplies
Aside from wood, you will also need chemicals for processing and flaming like potassium chlorate, phosphorus sesquisulfide, glass powder, zinc oxide, glue, color dye etc. Moreover, you need to have paper boards for inner and outer packing boxes. Aspen, Poplar, and Pine are the types of wood usually used for making match splints. You will need to decide on which type you will be using in your company.
You will also need to find vendors for these raw materials and ensure that they are able to maintain a steady supply of those materials.
Start Production & Marketing
With everything already in place, now you can start production of the safety matches. At the same time, you can start marketing your business to potential customers and adopt proven marketing strategies that will quickly spread the word about your matchstick production business. Ensure the availability of your product at every retail store in the area you are doing business.