Nail Polish Project Report

Description

You can now easily download the Nail Polish Making Project Report immediately. If you are planning to start your entrepreneurial journey by initiating a small-scale business, then you have made the right choice by choosing the nail paint making unit set up from many profitable business ideas in India. You can easily start your nail polish manufacturing unit with low capital investment. You need to know a lot about this business as it is just the beginning, and you might have many doubts and queries about this startup.

Nail polish making business is a small scale business with profitable source in the cosmetic industry. The process used for manufacturing nail paints is simple and the raw materials are also easily available all over the country. These days nail polish is a very common beauty cosmetic item, and the price varies from Rs 50 to 1000. However, more costly branded nail paints are available in the market, used by every age group, females.

One can explore all the important details about this start-up that we have written in our project report. Our experts have made your work easy by writing a nail polish project report that you will require to avail bank loan for this business and also using it as a map for your new journey. 

Nail Paint Project Report PDF For Bank Loan

In cosmetics, nail paint a million-dollar industry. It is a varnish kind of product that is used to decorate nails and to protect fingers or toenails. These days, demand multiplies in every area due to different reasons like higher income sources, preference to look better, and look more glamorous.

This nail polish project report is drafted to provide every feasible detail on how to start a nail polish manufacturing business on a small, medium, or large scale. However, this product demands planning, marketing, and a lot of promotions.

There are different types of nail paint available in the market, and all Nail polishes are made with different formulas and raw materials. Although, basic formula and manufacturing process is the same and as per finishes, there is a wide range of shades available like Matte, Sheer, Pearl, Metallic, Glitter, Shimmer, Frost, Luster, creme, etc. also these days, quick-drying, base coat and topcoat nail polishes available. The topcoat provides shine and prevents chipping and fading your nail paint, and paints stay longer on your nails, and basecoat protects nails from discoloration due to repeated usage of dark colors.

In starting, go for small productions with general items and later do experiments with different colors after checking recent trends in the market. The most important factor in getting success in the nail polish manufacturing business is color.

Nial paint project report PDF is a necessary document that will help you get all the necessary licenses, help you set up this factory and avail financial assistance from the banks. You can use it as a map that has all the solutions to your doubts and can resolve your problems in a gist of time. 

Market Potential

The females in independent India are working with corporate sector and are financially independent. Even if the women are not independent still they love to use nail paints and buy them. A small girl also likes to apply nail polish. This adds to demand for this product. Nail polish enhances their looks and so it is a profitable business for entrepreneurs. 

Nail polish potential is increasing in the market like it is for clothing and apparel, and people go for the latest trends and wait for more trends again. This industry will not age, but the great potential is because of the high demand for nail arts and trends, and nail paints come in different segmentation.

• Appeal: matte, pearl, sheer, metallic, glitter.
• Shades: refers to all sort of colors.
• Art: sequence, stickers, etc., where nail polishes act as bases.

Market Growth

The nail polish business has the potential for growth in the following ways:

1. The nail polish industry grow at a CAGR of over 10% to reach $ 143.6 million by 2024.
2. Secondly, with the growth in the level of disposable income and advanced standard of living, even social media also influence people’s fashion choices that demand for nail care and grooming increases the need for nail polishes.

How to Download Nail Polish Project Report 

Gone are the days of waiting at the door of the expert, as a result, you can now get your nail paint making start up sample report in hand, by instantly downloading it in pdf format.

First Step            –   Click add to basket  >>  Check Out  >>  Payment

Second Step       –  Immediately after successful payment, you will get a link to download the report. You can download the report immediately from this link.

Types Of Nail Paints to Manufacture

There are any types of nail paints available in the market that have huge demand as well. The manufacturing process for all types of nail paints is same and just the formula is different. Wide range of nail polish is available as:

• Matte
• Glitter
• Pearl
• Metallic
• Sheer

Another range of nail paints is also available that is famous by different names like french nail paints. They are used as topcoat, base coat and are quick to dry. Base coat protects nails from discoloration. Top coat nail polish adds shine to the nail paints and protects then from fading and chipping for a longer stay.

Uses

• Used for coloring the nails.
• Used in nail salons for services like manicure and pedicure.

These are primary uses of nail color but some unusual uses like:

• Use for keeping the exclusive jewelry from tarnishing.
• Used in a sealing envelope.
• Nail care and prevent it from breaking further.

Is Nail Paint Manufacturing Profitable Business in India?

Nail polish has huge demand in both rural and urban areas in India. Indian women love them a lot. Ladies are increasingly using nail paints to add beauty to their nails and provide them good care. As more women are going to use nail polish in the coming future so you need to increase awareness for manufacturing this product. The more the women use nail paints, the more it results in financial freedom and more expenditure being made on buying them. You can manufacture all types of nail paints and capture wide market in India and abroad. Thus starting a nail paint manufacturing business is a lucrative opportunity for emerging entrepreneurs. You can really make good profits and earn between 1 lakhs- 2 lakhs per month from this business.

How do I Start Nail Polish Manufacturing Business in India?

You can easily start a nail polish manufacturing business in India following the steps listed below. 

Market Research

The first step is to do market research for any business plan; otherwise, you cannot start a business. A person who wants to start a nail polish manufacturing business must go for a comprehensive study and collect information related to the size of the market, product in demand, competitors in the market, etc. and research for the online market and competitors selling the same products.

Get The Required Training

Before starting a nail polish business, training is necessary to get you basic knowledge which is a must before starting this business. This is the additional support for you if you have knowledge of chemistry in your educational background, it will help you understand processes and formulas. These days you can have online classes to get better knowledge.

Nail Polish Business Plan

A clear project report of Nail Polish Manufacturing Business is crucial for the success of your business in India. You wish to contemplate some important information, like your initial costs, your target market, and how long it’ll see you interrupt even. Draft a proper Nail Polish project report that describes your expected income, product and repair lines, expansion plans, and other details of your business. A well-drafted project report will facilitate you in applying for any bank loan.

Company structure

When you plan to make your company structure, you must discuss with professionals, and share your business plan thoughts to execute further. As per their guidance, start making your business structure to run your work. If you are new in this business or learner, form a proprietorship company or form LLP if you want to separate personal assets from business assets.

Business Registration & Licenses Needed For Starting Nail Paint Manufacturing Business in India

When you start any business, you need to obtain different licenses and do registrations with government agencies. Firstly, check your state law where you want to start a business. Contact your local authorities to understand what licenses and permits are required to start a business. Some basic requirements are as follows:

1. Registration of your firm with ROC: You need to first apply for LLP registration or OPC Registration. This will give a legal existence to your company and you will benefit from taxation, banks and other required departments. You also need to arrange required capital for the investment in nail polish manufacturing business in India. 
2. Get Trade License from the local Municipal authority.
3. As per Indian laws, you need to apply for a cosmetics manufacturing license according to the Drugs and Cosmetics Act, 1940. You can get this license by paying the required fee in the concerned department along with the required documents.
4. Apply for ‘NOC’ from the Pollution Control Board.
5. Through trademark registration, you can protect your brand name. It will protect your trademark from getting copied.
6. Apply for GST registration. Obtain GST Number when you have to provide taxable services to your customers and open a current account with the bank. 
7. If you want to start export, then apply for the FDA. In countries like the US, The Food and Drug Administration categorizes nail polish as a cosmetic item. However, the FDA does not have strict regulations like food items, and it does not ask manufacturers to mention any warnings of misusing but still have to apply for this license.

Finance & Business Insurance Arrangements

For planning any business, finances are a major requirement, and it is necessary to prepare your business project report professionally. Try to contact potential investors with your project report to convince them for funds and talk to business insurance providers to get the best insurance coverage.

Buy Raw Materials Needed to Make Nail Polish

There are different processes available for making nail polish, and as per your requirement, you can procure raw materials. The main ingredients required are:

• Plasticizers,
• Dyes and pigments,
• Solvents,
• Adhesive polymers,
• Resins,
• Thickening agents,
• Ultraviolet stabilizers
• Container for packing

Nail Polish Manufacturing Process

Follow these steps for making nail polish.

1. Take a photographic film or cellulose Nitrate.
2. Wash it well
3. Chop into small pieces
4. Dissolve into the solvent (ether, ethyl alcohol, or Emyleacitate)
5. Mix castor oil and digylthalate mixed in this, so that nail paint is not removed easily.
6. Colors and shades are mixed in it according to dust.
7. Now the final mixture is put into bottles and presented to the market.

This is the easy business in the chemical industry as compared to other chemical industry businesses, although like any beauty product, this product demands sales promotion and effortless distribution.

You can get complete information about talcum powder manufacturing business by clicking here.

Space Needed To Start Nail Polish Manufacturing Business in India

Before initiating the business, it is advisable to have a project report in hand to understand the premises and other requirements. Generally, for a small setup of manufacturing nail polish, 1000 sq.ft. space is required. The area should be sufficient for manufacturing operations. Furthermore, you need utilities like electricity, water, and skilled manpower and transportation facilities for distribution. The project report will help you get your loan sanctioned and you will be able to manufacture nail paints. 

Machinery Needed for Manufacturing Nail Polish

• Chemical Mixer
• Stirrer
• Stainless steel tanks
• Weighing Balances
• Laboratory apparatus
• Automatic liquid filling machine etc.

How Do I Price the Nail Polish?

Pricing your nail paint depend on the competition as others are also making the same products. You need to take the decision very carefully while pricing your products. Do market surveys deeply and then go for prices, whether fix or negotiable.

Packaging of Nail Paints

The packaging is an essential part of any product, and in the case of Nail polish, it comes under a transparent container with a fine brush with a logo or brand name on the bottle. It can also be packed with a different model to provide unique features like the same cover of the nail polish with the same color inside, and all this helps you to earn handsome profit.

How Do I Sale the Nail Polish in The Market?

Sales are an important part for every product. Every business runs for selling the products to the target audience and make money. You can sell nail paints through retail or online by posting your advertisements through radio, magazines, TV, Social Media and Newspaper. You can start your online store to sell your nail polish. People these days love to do online shopping so it can be a great boom for your new venture. You can start your own website and grab customers from there for your nail polish.

You can get complete information of Liquid Dish Wash manufacturing business by clicking here.

Where Do I Sell Nail Paints?

Always build your network of distributors and resellers who will further sell your product in the market to the end consumers. Provide these dealers worthwhile commission, so that they get desirous of selling your products, and you can also plan to start your online stores and sell your products easily.

How Do I Promote My Nail Polish Business

Initially, you can start the promotion of your nail paint brand, with the local market, by building relation with cosmetic retailers, beauty stores, salon owners, beauticians as these will be your prime customers. Later you can tie up with retail brands for large orders.

To build your brand in the market, it is important to have a dealer network also. Online working is also important these days to make your brand successful. You can create your website with product details and pricing. Also, create your business profile on social media to inform your followers about recent activities of your business, as this makes a good impression on the customer. Also, after purchase, they can provide feedback on the same website for your further business improvements.

Who are the Target customers for Nail paint manufacturing Business?

The target consumers for nail polish marketing are as follows:

1. Women: Aged between 13 – 40 years is your target customers, and nail polishes as an essential part of self-grooming for the girls, teenagers wear nail color through art.
2. Nail salons: At nail salons, nail polish can be sold at a discounted price and in bulk to the nail salons where the number of customers comes, and they have various demand in terms of colors, shades, and appeals.
3. Retail cosmetic shops: The nail polishes made by you easily supply to retail cosmetic shops where nail polishes along with lipsticks, eye makeup products, etc. can sell. It is basically to attract customers those are not picky to go to only nail polish oriented shops.
4. Fashion Industries: Nail polishes manufactured by you can be given in fashion industries, especially during fashion shows, to launch your nail polish colors and acquire this customer base too.
5. Online audiences: Consumers between 18-30 years of age with a busy lifestyle like to be sophisticated also in their tastes and prefer online shopping. This helps you to collect reviews for your business and helps in business growth.

Contents of Nail Polish Project Report

The elements shown below are included in the project report of nail polish production.

For whom is Nail Polish Project Report Sample Format Useful?

Nail Polish project reports are helpful in the following tasks.

• All important aspects of the business are covered in the report.
• This report is helpful as a sample format in preparing project reports for various purposes.
  Assisted in the study of the project.
• Private and government needs will also get help.
• Project reports are necessary for getting a loan from the bank.
• Necessary information will be provided to the investor.
• This document is beneficial for cost accountants, company secretaries, and anyone who wants to prepare project reports.

Conclusion

Setting up a nail polish making unit is a profitable venture that needs a well written business project report that includes every crucial fact about this business-like market feasibility, future of business, legalities, quality, production etc. The nail polish manufacturing business can rise in a short time period, and it is a continuous business that can expand sales throughout the years. You just need to follow all the guidelines mentioned in our project report.

The nail paint making business project report is designed for an individual enthusiastic about investing in this business and willing to generate extra earnings with his investment in this business. The complete set up requires a detailed project report and business plan that can tell the entrepreneur in detail about the market research and a lot more. Our project report contains all the necessary details that you need to know before setting up your business. It will help you in assisting to write down the project report and applying for a bank loan.

You can get complete information about the business of making Hand Made Jewelry by clicking here.

Frequently Asked Questions On Nail Polish Project Report For Bank Loan India