Starting a Sanitary Pad Manufacturing Company – Sample Business Plan Template
1. Carry Out Research-:
There are a whole lot of sanitary pad products in the market and if you must break even, you have to carry out a research on major sanitary pad products in the market. You also need to know who your competitors are and the main thing that differentiates their products from others.
You can also get a focus group of girls and make them take a survey on the best sanitary pad product of their choice and what makes the product unique; they can also add things they will have wished to add in a pad if they are left to make a choice for product. This will help you a lot during the design and production stages of your sanitary pad. You can also keep the focus group around during production to get their criticism about the product until you get the best sample that suits the public.
You can also get a focus group of girls and make them take a survey on the best sanitary pad product of their choice and what makes the product unique; they can also add things they will have wished to add in a pad if they are left to make a choice for product. This will help you a lot during the design and production stages of your sanitary pad. You can also keep the focus group around during production to get their criticism about the product until you get the best sample that suits the public.
2. Get Adequate Training on How to Produce Sanitary Pads-:
If you are starting the company on a large scale, chances are that you will be on a managerial position, while your employees will be in charge of production. But it is best to get trained on how the production process works; it will come in handy especially during the sampling stage. Top it up by taking some leadership and management courses if this is your first time with setting such an enterprise.3. Register a Company Name-:
Since you are going to be running this as a business, you will need to register the business to run as a company. It will give your product better credibility in the market. Also, depending on the State you are planning to locate your company; you may be required go get some form of license or permit to situate and run your business in the state. You must make sure you get all the required licenses needed to run your business in that state to avoid issues with the law as time goes on.4. Get a Location to Run Your Business-:
The space should be bigger than your normal office space; because it will most likely serve as the production ground where all the machines for production will be kept, where the actual production process and packaging will take place, warehouse for storing finished goods and raw materials, office space for accounting, reception and marketing departments will be located.5. Production and License-:
After the production, you may need to send samples to the body in charge of standardization in your state or country for approval; after which you will need to place the organization’s trademark logo on your product to show that your sanitary pad product has been tasted and approved.6. Packaging-:
Another important aspect of production of sanitary pad is the packaging; a pack of sanitary pad should contain enough to serve a lady for a month’s menstrual period. Most sanitary pad is packed with eight to twelve pieces of sanitary pads. After the packaging, the next step is to introduce the product into the market and as I mentioned earlier, that are over fifty sanitary pads from different companies in market and for your breakthrough, you have to add something to your product that will make it irresistible to your customers.7 Things That Can Make Your Sanitary Pad Production Irresistible
If you can succeed to make your product irresistible, you will end up making your sanitary pad high on demand and that is much profit for your company; you can do the following to make your sanitary pad irresistible.
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