As a reliable oil machine manufacturer, Goyum Screw Press can offer a customized project plan for mustard oil production of various capacities, which is tailored to your specific needs and situation.
Mustard oil, one of the traditionally valuable vegetable oils, has extensive health benefits. It is extracted from pure mustard oilseeds and is characterized by its strong smell and pungent taste.Mustard oil is widely used in cooking, external body, hair revitalization. Major producers of mustard include communities in India, Bangladesh, Canada, Nepal, Hungary, Great Britain and the United States. Brown and black mustard seeds give a higher yield than their yellow oil seeds.
How much does it cost to open a mustard oil mill?
The most basic factor related to the cost of mustard oil mill setup is the capacity of your mustard oil production factory. Generally, capacity decides factory area and oil manufacturing equipment selection. In most cases, the investor has brought or leased factory land. And, the investment cost for factory landing is relatively low in the local market. Therefore, the main cost for mustard oil mill setup is to buy relative machinery and equipment.
Click here to know the main equipment and process of mustard oil mill
Here are some tips that can help you get started.
Before starting an oil business, pay attention to the important question. How much mustard oil do you want to produce? Where can I get seeds? Do you have a base of operations or do you need to hire one? Who will be your customer, end-user or refinery? Please give clear answers to these questions before proceeding.
No need to think too big
You will need physical premises for the mustard oil production or storage of mustard oil and raw materials. To be successful as a start-up you need to keep costs down.
You will save a lot of money along with the stress involved in finding a proper location. The money you save can later be used for marketing or transportation.
Find your nearest market
There is a big market for your mustard oil, it will be easy for you to sell it. If you need to travel very far or have a scattered market, then it will cost more for you to get the product from them.
Talk to your nearby shops, stores & wholesalers and try how much mustard oil they will get in a month. This way you can determine how big your nearest market is.
Important Machinery Investment
For mustard oil production business success, you will need a mustard oil expeller, which can extract the oil from mustard seeds. We, ‘GOYUM’ are the world largest manufacturer of oil mill machinery and material handling equipment. You will also depend on the requirement of the oil refinery machine included in the mustard oil business plan. (Related Post: Start Small Scale Oil Mill Plant )
Market your product
So no matter how good your product is, it is not going to promote itself. And word of mouth is not always enough.
And if you want to hit your business and revenue goals, then you have to be proactive and market your business.
Use all channels and strategies available to you. And by using any combination of the tips above, you ensure that your product gets the maximum amount possible without the need for a mass marketing budget.
Writing your mustard oil business plan is your first step to succeed in your business. The purpose of the plan is to guide you through each step of your start-up. Sourcing of raw materials can be difficult with the increasing scarcity of seeds due to global warming. However, you can use it as a reason to sell our product at a premium. Like all businesses, your success depends on your ability to execute the business plan properly.