Bangladesh is the land of opportunities. With proper research, anyone can convert money into knowledge and knowledge into money. This is why it is essential to know your business in and out.
One of the most viral businesses of recent time is printing business specially t-shirt and mug printing business. People look for tea or coffee custom mug printing near me almost on every occasion. If you are targeting for a business that you can do with minimum seed funding from the comfort of home then this is for you. Similarly, like any other business, it is wise to study every aspect of it before taking any decision.
If you are looking for the most efficient guide to steer you in the right direction then, congratulations, you have come to the right place. Find here the plan of printing customized mug along with the process, equipment, and cost.
Getting Started with Mug Printing:
Printing customized mug business from home is a fun way of earning money. Also, you can do it as a part-time job alongside your day job. This can turn into a great opportunity if you already have a printing and packaging business, then this is a great extension of your current business.
A great thing about this business is it demands a small startup fund. This is perfect for students, moms, and housewives.
Is it a smart idea?
Well, of course, it is. Here are 5 reasons in below you should actually think about setting up this mug making business:
1. According to the data of Google Analyst, last year more than 1 million times Bangladeshis looked for “coffee mug printing near me” in Google. You can understand how popular this business is currently.
2. You can operate this business from the comfort of your house. There is not much hassle in this business. Also, you do not need to leave your current job for this.
3. Although this requires in-depth background research, it does not require any educational background or even technical skill. However, it is compulsory to have Photoshop/Illustrator knowledge for creating custom pictures.
4. With the operation of this business, you can reach a broader market in a short time.
5. Mugs are perfect for any occasion. So, if you can come up with some unique and attractive occasion-special mugs then, it will be the hot cake of the market.
So, you can understand how easy it is to hit the goal of your business. But, for that, you need to know, how exactly starting the mug printing business for our countries peoples. Here we have a complete guide to get started with the business.
Guide to Mug printing business:
Bangladesh has a rapidly growing market of personalized gifts and mugs are one of them. With new technologies, people now can buy customized gifts for their friends and relatives. In addition to this, a customized mug is an essential item of the corporate world. Every business company gives a customized mug along with other personalized things every year to its customers, employees, and shareholders.
1. Business Plan:
Regardless of your business size, you must come up with a plan before even registering it. Another important thing is financial analysis. Along with these decide your marketing strategy and business goal.
2. Registration and License:
Before operating the business, you need to register your business at The Registrar of Joint Stock Companies and Firms (RJSC). The process is pretty simple. All you need is your personal identification number, name clearance letter, and bank account related information. Within a span of 15 to 30 days, your business will be registered.
3. Knowing the types of mugs:
There are different types of mugs so before starting the business you need to know about it. There are coffee mugs, ceramic mugs, transparent mugs, pottery mugs, sports mugs, stainless steel mugs, and travel mugs. Another popular one is the magic mug. In recent year there has been a rise in search of magic mug printing near me. The magic mug changes its color when you put the hot beverage in it. The magic mug price is around 500-600taka in Bangladesh and this is one of the most famous items in the market right now.
4. The machine:
The mug printing machine price in Bangladesh varies from 25,000 to 50,000 taka. The price depends on the quality and longevity of the printer. You can order a good quality digital mug printing machine online and it will reach your address in 20-25 days.
There are many companies who take pre-order. All you need to do is deposit an advance from the machine price and pay the rest on arrival of the product. Yes, it is that simple. However, you should watch out of the cheapest mug printing machine because this does not give good quality printing.
5. Mug printing equipment:
There are a few other things that you need for starting this business. One of the basics is the transfer paper, photo mug press, computer, and sublimation ink printer. Transfer paper and mug press machine price will cost you 20,000 to 25,000 taka. Don’t forget that you need programming software as well. Always buy high-quality mugs from reputed supplier and ensure that you are buying at a wholesale rate. Lastly, you need packaging items. Remember, mugs are a delicate product and a single mishandling during the delivery can cost you 250-500 taka. Therefore, packaging products are essential.
6. Promoting the Business:
With the social networks, marketing of business has become easy and simple. However, promoting business offline is also necessary. Do market research and see how your competitors are propagating their business. For offline promotion, you can contact the gift shops near me and the local mug sellers. For online promotion, you can always seek help at Facebook, Instagram, WhatsApp, and Pinterest. There are numerous ways to promote business online.
No matter what the business is, it is very important to be patient. Profit will not come in one day so don’t lose heart and keep on going. With the increasing popularity of mug printing business, you will get to see good days pretty soon.
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