A new compound fertilizer production plant for making NPK granules can bring you very nice profits. Whatever your raw material, you can turn it into high-quality, organic fertilizer granules. You can either use these granules for your own crops or you can sell the fertilizer to other farmers in your area. Furthermore, you can use the granulating machine to produce other types of stuff such as cat litter. Either way, you can only win with this type of enterprise.
The only problem is that you have to invest some money before starting to earn. As a general rule, you should always start by setting a budget. With this in mind, you need to do in-depth research to see what kind of machines you could buy. Since there are two types of granulation methods, you should start by choosing the one that suits you best, be it dry granulation or wet granulation.
You should also put together a business plan and a logistics plan to start with. Where are you going to install your equipment? How many people can you afford to hire to operate these machines? Where will you store the raw materials and the finished product? Once you sort out all of these issues, you can proceed to buying equipment and setting up a complete NPK granulation line within your available budget.
The next step is the research. Find out what are the different types of NPK mkaking NPK granules machines available on the market. Carefully assess their advantages and their drawbacks, in order to pick the best one for your business. Also, consider searching for machines abroad. Many successful business owners have started such enterprises with China manufactured equipment. There are many China manufacturers willing to sell their equipment to clients all over the world, at fairly affordable prices. They are able to offer the same quality as your local companies, so you’d still have the reliable machines you need, without paying an arm an a leg for setting up your fertilizer production line.
The main thing to keep in mind when you estimate how much you can pay for your equipment is that you should first calculate the cost of the auxiliary facilities such as rent, storage, labor, utilities, etc. If you take time to craft a sound business plan, you’ll know exactly how much to spend on your machine without endangering your cash flow for the first months in business. Also, it could be a good idea to find a couple of clients for your end product before you actually start spending money on equipment and tools.
Last but not least, consider setting aside a small budget for marketing and promotion. That’s going to help you attract a few more clients right off the bat. If your total budget doesn’t allow for such expenses, consider seeking for financing or wait until you can save more money to put against the initial investment in your NPK granulation production plant. Be smart and know your limits. This is what savvy businessmen do. Be like them, start your plant on the right foot!