Hi friends, in today’s article, we will learn how we can start our own egg business. In this article, I will explain everything from the beginning to the end, so make sure to read the article till the end.
Why start an Egg business?
Whether it’s the Egg business or any other work in the world, you should always ask yourself why you are doing it and what your plans are, because if you don’t have a plan and are just starting something by copying others, it might fail in the future.
Therefore, first of all, think about why you want to start the egg business. One possible answer could be that you, like others, want to make money and establish a successful business.
You might be wondering why I included the point about why to start an egg business. This is because many people start a business without much thought and with only a little interest, but their interest changes over time.
That’s why I included this in the article. Now, let’s move on to the main part of the article.
What are the requirements for starting an egg business?
To start an egg business, there are some requirements that we will cover in this section. When you start the egg business, there are a few things you need to arrange in advance.
The first thing is plastic trays. We will be using plastic trays because using cartoon egg crates won’t work. Cartoon egg crates are not suitable for all weather conditions and get damaged due to moisture in the cold and rainy seasons. Therefore, you should only use plastic trays.
The second requirement is that you need a means of transporting the eggs, such as a loading auto rickshaw or an e-rickshaw, to move the eggs from one place to another.
Lastly, you should have around Rs 50,000 to Rs 100,000 on hand to run your business. I will discuss why I mentioned such a large amount with you below.
Why is a large amount needed for the egg business?
To start an egg business, you need an amount ranging from approximately Rs 50,000 to Rs 1lakh This is based on my personal experience, and the reason is that you need to stock up on eggs in advance during the winter season because the demand for eggs increases during this time.
If you only keep a limited stock, you will face difficulties as the price of eggs rises quickly when demand increases. In such conditions, you need to have eggs available 24/7. This is the best opportunity to make money.
“I’ want to share a trick for the egg business. Always remember that you have to store eggs during the Navratri festival, and eggs do not spoil within 9 days. After these 9 days, the price of eggs increases significantly, allowing you to make good money this way.”
Now you must have understood why we need more money. Let’s move on to the next topic.
Where to buy eggs and where to sell them?
We have understood the basics that to start an egg business, we will need a loading vehicle, plastic trays, and some amount of money.
Now let’s talk about how to get started, meaning where to purchase eggs and where to sell them. First, let’s understand where to buy eggs, then we’ll figure out where to sell them.
Where to buy eggs?
It’s essential to answer this question of where to buy eggs because if you don’t know where to get eggs from, how will you have them?
Eggs can be obtained from two places: first, you can contact poultry farmers, and second, if you just want to experiment with the egg business, you can negotiate with wholesale egg sellers in your area. Many egg wholesalers offer eggs at just Rs. 0.05 per egg or even higher rates, and this can be a profitable deal.
If you want to scale up your egg business, the best way is to directly contact egg poultry farmers. The most effective way to approach them is to go directly and talk to them. However, avoid visiting them during the cold season as they might not entertain you then.
Instead, go during the warmer seasons and tell them that you have a good business proposition. Explain that you used to source eggs from elsewhere, but due to increased demand, you now want to buy eggs from them.
The advantage of directly purchasing eggs from a poultry farm is that they come at a price lower than the NECC egg rate, typically by Rs 0.05.
This means that if you purchase 100 trays and the NECC egg price is Rs 4.80, you would get eggs from the poultry farm for approximately Rs 4.75 each. You can then sell them in the market for Rs 5.10 per egg.
With 30 eggs per tray, your profit per tray would be Rs 5.10 – Rs 4.80, totaling Rs 9 per tray and Rs 900 for 100 trays. The remaining Rs 0.05 is usually accounted for in transportation costs, so I’ve calculated based on Rs 4.80.
When you go to buy wholesale, you may get it for Rs 4.85 or Rs 4.90.
And in between, the price of eggs increases by 20-30 paise, so your profit becomes quite good. However, the opposite also happens; sometimes the price of eggs drops suddenly by 30-40 or 50 paise.
If you want to see the daily egg rate or today’s egg rate, you can check it on this website named Today Egg Rate Live. Yeh hamari is website ka hi ek hissa ha jisko maine alag se aapke liye banaya ha, please wahan bhi visit karen.
Now that we’ve learned where to buy eggs, let’s learn where and how to sell them!
Where and how to sell eggs?
Now let’s talk about where to sell eggs, and this step is often the most challenging, especially when you don’t know anything. I’ll also give you a business idea.
First, you need to visit grocery stores and inform them about the rate at which you are selling eggs. Usually, people work on a margin of 20 paise, meaning they sell for Rs 6 per tray, but you can sell for Rs 4 per tray. Along with this, offer the shopkeeper credit for the eggs.
The advantage of this is that when you visit the shop again, they will surely buy eggs from you, and even if they don’t, they will pay you.
However, in this process, it’s essential to ensure that the shopkeeper is trustworthy and that the shop has been around for a while, not a new one that might close down soon.
People earn money using this process because sooner or later, the money for the eggs comes back, but you establish a business and gain permanent customers.
Nowadays, all the big egg merchants earn money using this plan, which is why I mentioned earlier that you need to have a good stock of eggs and use a large amount of money for it.
Now you must have understood how to start an egg business and what you need to follow. This business is excellent if you do it the right way; all you need is to put in a little effort.
If you have any questions, feel free to ask in the comments below, and I’ll definitely answer them for you.
Thanks for visiting our website Today Egg Rate