Question: I want to start my business in Sheet Metal Component on manufacturing and labor contract basis. I want your suggestion and guideline to start this business. How can I marketing my business in this field.
Answer : This is a B2B business and services. In this field you can not advertise directly through the conventional media.
What is Sheet Metal Business and How to Start
The sheet metal business industry is very big and very diversified as well. It produces a huge amount of metal. Everything that we can think of has an element of sheet metal. From an air-conditioned to airplane, an automobiles to railway, from kitchen to factories, everywhere these sheets are used. . This ultimate diversity of this product makes this business very lucrative and potential.
Sheet Metal Business Plan and Strategies
First of all, decide what kind of sheet-metal business you want to start. There are many socialization in this business as well. Different workers specialize in different types according to their skills. Some workers emphasize on manufacturing such as ductwork. There are many workers who are generalized. They make according to orders.
You need to have an identity of your business. Your business should be registered in to city clerk’s office. Chose a name for your business and register your business with that name. You need to make sure that your name is not used by others before. Your name should be totally new. Get the license to start the business if needed.
Now you need a space for your business. You need a warehouse to keep your raw materials. You also need a retail outlet to sell your stuff to the consumers. You can sell your products to the corporate also. You need to have a strong sales team for selling your sheets in bulk.
As far as finance is concerned, you can have loans available from the banks. You just need to invest 25% – 30% as margin money. The rest will be financed by the banks if your project is viable and feasible. Prepare a project report of your business. Keep estimated sales on papers and propose these papers to the banks.
Look forward for efficient, experienced and intelligent workers. You need your man power to be very strong to succeed in this business. Strong people needed to cut, weld, joint, bend and transform the sheets in to a commercial product.
Here business to business marketing will work,. Develop contacts with different builders, construction companies, distributors, wholesalers etc. Your network has to be strong to survive in this business. Advertise in industrial magazine if possible. Always strive for improvement in sales.
Once you start this business, game doesn’t end there. There is a fierce competition in this business. You need to be alert constantly. Your eyes should be observing competitor’s movements. You have to score higher than your competitors to increase your market share and go ahead.
If you need any further help, you can freely ask questions.