How To Start Bangle Store Business? Bangles Business In India.

Table of Contents:

1. Bangles Business In India

2. Bangle Store Items List

3. How To Start Bangle Store Business? Steps

Key Takeaways

FAQs On Bangles Business

1. Bangles Business In India

Indian women love to accessorise with bangles. Women of all age groups wear them at weddings, parties, or special occasions. Because of the beauty of the bangles, they have also become famous among teens. However, for Indian married women, they are a must-have accessory. They are used to embellish your hands and arms and are also used to symbolise the bond relationship between the husband and wife.

There are different meanings for the different colours of bangles; red signifies energy and prosperity, gold signifies fortune, and silver signifies strength. Therefore, it is immensely adored by Indian women. There are lots of varieties of bangles available in the market such as metallic bangles and glass bangles, both of which are very high in demand.

2. Bangle Store Items List

You can make the bangles with any material, including glass, metal, gold, rubber, silver, plastic, and even diamonds. Materials like ivory, copper, chalcedony, and wood are also flourishing in the bangle business of different corners of India. Every variety of bangles represents either a rising style trend or a particular tradition or culture of different parts of India.

There is a big market for such fancy accessories, and the bangle business's profits never go down. Bangle making or bangle selling is not a new business idea but a timeless one that thrives easily in the marketplace. It is one of the best small business ideas that can help you to have financial growth.

3. How To Start Bangle Store Business? Steps

Different categories of bangles are famous in different areas. For example, Firozabad in North India is famous for marketing glass bangles, while the chudi bazaar of Hyderabad has a huge market for lacquer and pearl bangles. Also, the materials used in bangles change with seasons, festivals, and trends. So, if you are among those who want to get into a Bangles Business In India, you need to decide the introductory range and the variety of designs used in your sold items.

1. Start with a Plan

If you are looking for a bangle store business, you can start primarily with a plan. First, decide your reach and the location you want to set up your store at. Decide whether you want to start just an offline store or an online store. And if it is an offline store, then how do you select a location? The steady demand for bangles will create a great business opportunity if you want to thrive. You have to decide where you want to put up your store and the maximum range of your Investment. Be aware of both the ups and downs of this business.

2. Rent or Purchase a Plot for the Shop

You should consider starting your business in a locality where all local neighbours and individuals know you; this will help enhance sales. You can also go online to save the investment in infrastructure. However, for an online business, there exist different perceptions of different people. Ensuring the trust of the prospective customers will take some time.

From that point of view, starting an offline bangle store can be beneficial for you. Starting a bangle store in your familiar locality can be beneficial because people already know you, and you can easily pitch your sale to them. You can start with a minimum of 10 by 10 square feet of the shop for a store. It would also help if you rent or buy the place in a busy marketplace to ensure maximum footfalls and your store getting noticed.

3. Rent Bangle-Making Machines

You can also rent or purchase a bangle-making machine that would make bangles for you in less time. Many machines are available in the market that further depend on what amount of investment you make. Therefore, ensure that you invest in purchasing such machines that can prepare fancy bangles for you that remain up-to-date with the trend. Also, you can make a lot of profits out of this machine if you can understand the demand for trending bangles in the market.

4. Points to Remember

• Design of the shop- Try to keep the infrastructure of the shop quite basic. Try to make a plan for what you need in a small shop- a shelf, glass covers for the shelves, small compartments within the shelve, basic lightning, lights in the compartment, and a pretty basic counter. It can be decorated in traditional colours.
• Lightning in the shop- Using different lighting will work best for the small compartments of the bangles. Ensure that the store you are going to set up looks bigger, even if the space is small. You can also put a couch to welcome the customers.
• The placement of Bangles- It should be according to the space you are covering for the shop.

5. Investments For Bangles Business In India

A one-time investment of approximately five lacs will accompany you with ten lacs in return if your business is running at a good pace. Your approach should be soft. You should keep in mind the quality of the products. That is where people will trust you and come to you again and again to buy quality products.

A one-time investment of around five lacs will give a return of around 500 rupees per day profit with five years of stability. And to achieve this, you would be required with certain skills to master, and that includes:

• Friendly behaviour
• Patience
• Maintaining the integrity with customers
• Staff management

You can either choose to take the franchise access to one of the shops that are built-in complexes or malls. This would hardly require 20,000-50,000 rupees with a one-time investment to rent the shop and purchase the material. Or else you can take one of the franchise opportunities being offered by many business holders. In addition, you can promote your work by distributing your flyers to the customers.

6. Market Research

You will have to research the customers' demands in the locality to have a better understanding.

7. License for the Shop

To set up a store, you would have to get a legal permit such as a business license, business name registration, occupancy certificate, etc. Try to complete the paperwork before setting up the store.

8. Adopt Social Media and go online

You can choose to go online once you are done with the basic offline store requirements. First, complete all the necessities that are required for you to set up the bangle store. Ensure you have all the proofs and all the things ready to show to any authority.

Then you can start your online business, which would also require you to prepare for the delivery of the items and the transportation work.

To advertise your business, you can choose newspaper advertising or TV advertising. This would help pick up growth for your business.

Key Takeaways

In India, the demand for fancy products or inexpensive products is higher due to the lower-income level of more than half of the population. And above all, people love to have accessories for almost any occasion. Hence, it is one of the profitable businesses to pursue or even with the simplest infrastructure.

Also read:

1) Startups in India: Growth & Other Factors to be Considered for a Startup
2) When does a Startup Stop being a Startup and Become a Normal Company?
3) What Are Some Good Startup Ideas?
4) Glass Bottle Manufacturers in India
5) Glass Manufacturers in India

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FAQs On Bangles Business

Q. I want to start a bangle store in my place. What are the risk factors that can come in the path?

Ans. If you wish to start a bangle store business, you would have to understand its demands beforehand. It would require a good amount of planning. You would have to understand the risk factors that come with this work. It could have both good and bad days, so you would have to prepare yourself accordingly.

Q. What if I purchase a ready-made shop for the bangle store business?

Ans. You can make the purchase. Keep in mind that you perform all the paperwork and get the shop in your name also. Then set up the lighting, shelves, and counter for the shop.

Q. What variety of bangles should I sell?

Ans. To know this, you need to understand the place where you will set up the store. Then, understand the trend that goes in the market or the neighbourhood. For this, you can have a small survey to acknowledge yourself with the variety of bangles.