Stationery is a business that is often overlooked by many people because it does not have the same kind of flashy appeal that other businesses have. However, it is still a very lucrative industry and one that can be started with just a little start-up capital. So, if you are looking for how to start a stationery business, this article is for you.
When starting a stationery business, the first thing is to decide the type of business.
For this purpose, you can choose from the following:
Starting a retail stationery store is a great way to make your mark on the market. It is relatively easy to start one, and you can sell products that are in demand directly to the customers as a local city store.
In fact, once you are set up properly in your city, you can register your brand and start expanding in other cities as well.
If you want to start big in the industry, you can choose to start a wholesale stationery business. They basically sell the stationery items like papers, pens, markers etc. in bulk to offices, schools and retailers.
Home-Based/Part-time Stationery Businesses are a popular way for people to earn an income from home. It is a great way for people who want to work from home but don't have ample time or resources to start their businesses.
You can start by selling attractive stationery items to your relatives or in a broadcast group.
The stationery industry is highly influenced by digitalisation. As a result, people are more comfortable shopping online than in-store.
Therefore, you can also start by selling through your own website or on Ecommerce Platforms like Amazon, Flipkart, Meesho etc.
If you are starting a home-based store, you can skip this step.
However, if you are starting a retail store, you need to be visible and accessible to potential customers. Thus, you can set up physical stores in supermarkets or malls.
For a wholesale stationery business, you must focus on factors like transportation, storage space and rent.
In case you are starting an online stationery store, you will need room to store your inventory. Also, you will need space to capture product photos to display your products online.
It is important to register your stationery business with the government and get a certificate before you start selling your products.
Moreover, it is also essential for the growth of your business.
Accordingly, you can register your stationery business as:
If you are not sure which business structure is best for you, get in touch with our experts for company registration online.
The next step is to open a business bank account and secure funding for your business.
You can choose any of the following banks for business banking:
You might be thinking about how much investment you need to start a stationery business.
Well, here is the answer you are looking for.
The minimum investment required to start a stationery business is approx Rs. 3 Lacs to Rs. 7 Lacs initially for a small retail business.
The minimum investment will increase with the scope of your business.
Keep in mind the following expenses when securing the funds:
Stationery is one of the most profitable businesses in the world and it is also one of the most competitive industries out there. It requires creativity, innovation, and hard work to succeed in this industry.
There are many places to find suppliers, but the best way is to ask people who have already started their own businesses.
It's also important to know the market demand for what you plan on selling so that you don't end up with too much inventory.
Here are some tips on how to find suppliers for your stationery business.
Again, you can skip this step if you are starting a home-based business.
The decision of whether to hire staff or not depends on the size of your company, the number of products you produce, and how much time you want to spend doing administrative tasks.
But, it is always a good idea to hire some help when starting a new business.
It is important to market yourself when starting a stationery business. You need to get your name out there and get people who are interested in your products to know about you.
Here are some tips on how you can market yourself effectively:
As a beginner, you can use Canva to create marketing posts for social media. They have 1000+ free templates that you can customize easily.