How to Start Coconut Business, Documents for Coconut Business
Coconut is such a fruit that if used raw, it is very useful for us as sweet water. If it ripens then it is used for worship. Some people also eat creamy layer extracted from inside it. Hence, coconut is used a lot among us.
Apart from this, we’ll also know What you need to do to run coconut business? Where can you buy coconut for this? Where is the wholesale coconut market? etc. To know all about these in detail read this article thoroughly.
So in Today’s article, we’ll explain How to Start Coconut Business and Documents Required for Coconut Business in detail.
How to Start Coconut Business
You can start your coconut business in around $800 – $900 (₹55,000 to ₹75,000). Where you can sell coconut water, dry coconut, coconut water shake, coconunt cream etc. To run this business legally you will also need food license and shop license. After this, you can buy batch of coconuts from places like Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Goa, Daman-Diu, Orissa, Maharashtra, Gujarat, West Bengal etc.
You can buy these coconuts in bulk and keep it in a room-temperature warehouse. This warehouse will cost you around $150 – $200 (₹13,000 to ₹17,000) and the total expenditure of buying coconut will cost you around $350 – $450 (₹30,000 to ₹45,000).
Along with this, you will also have to bear the remaining expenses for license and registration. After this, you can start your coconut business nearby any well-established temple.
How to Start Coconut Water Business
The business of coconut water runs maximum in Kerala, Karnataka, Tamil Nadu, Goa, Orissa, Maharashtra etc. Along with this, coconut water is also very much liked by people around the world. If you start your small coconut water shop with an investment of around $400 – $550 (Rs.44,000 to Rs.65,000), then you can earn a profit of $355 – $ 400 (Rs.32,000 to Rs.42,000) per month.
Where you just have to import coconut from any of such hubs Kerala, Goa, Odisha and sell it at expensive prices in your city. You also can rent a small shop for selling coconut for $40 – $50 (Rs.5,000 to Rs.6,000) and you can start your business with just a food license.
Documents Required for Coconut Business
You can start coconut business by opening a shop in any market. To open your coconut shop, you have to first apply for FSSAI License (Food License) and Shop License (Gumasta License) etc. After this, if your earning crosses the amount of more than 20 lakh annually, then you will also need GST number on behalf of coconut business.
Along with this, you will also require a Current Account with your registered coconut business. It will help you to send money and accept online payments more than the average savings account limit.
If you want to apply for business then you require a MSME License. To register your coconut business in MSME check out this button. After registering in MSME, you can get loan to run your business anywhere within the state.
Marketing Strategy for Coconut Business
You can create a social media page for your coconut business on various platforms such as: Facebook, Linkedin, Twitter, Instagram etc. Here you can accept wholesale orders of coconut online. Also, by publishing various digital offer pamphlets of coconut. You can increase the selling rate of your coconut business.
Apart from this, you can tell people around about your business to increase offline engagements. People nowadays are so much active on social media that they will not only order your coconut but also promote your business online to their friends and relatives.
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