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How to Start an Ink Cartridge Refill Company – Sample Business Plan Template

Do you want to start an ink cartridge refill company from scratch? Or you need a sample ink cartridge refill business plan template? If YES, then i advice you read on. The need to cut the cost of running an organization and still deliver same quality of service is the in-thing in the cooperate world. Most organization will do all it takes to cut the cost of running the day to day operations of their coy whilst still delivering same or even higher quality of goods and services.

One of the ways of achieving this is by cashing in on the new trends that exist in business world today. The introduction of ink refill has brought respite to many businesses especially SMEs that can’t cope with the cost of continuous buying of ink cartridges time after time. It’s been proven that the advent of ink refill business has contributed to the preservation of our environment because we won’t have to deal with empty cartridges buried all around our land.

The good thing about this business is that the start-up cost is relatively low and the need for refillables is on the increase. There is hardly any corporate organization that doesn’t print documents, hence those in the Ink Cartridge Refill Business would continue to meet their needs, and keep smiling to the bank.

If you have decided to own your Ink Cartridge Refill Business, the following tips might give you the basic information you need to start and effectively run your business successfully.

Starting an Ink Cartridge Refill Company – Sample Business Plan Template

1. Register Your Business

You can start this type of business from your home and without registering it if you intend servicing people on a smaller scale. However, the truth remains that for you to be able to access big markets; you must register your business.

If you want to serve as a vendor to large corporations, you would be required to meet their vendors’ requirements and one of the basic requirements is that your business must be registered, and you must own a corporate current account for your business. Meeting these requirements mean you are able to spread your tentacles to big corporations as you seek to service people.

2. Make Your Inquiries

The wise thing to do before going into any business venture is to ask loads of questions from people who are already running the business so that you will be able to come out with plans that can help you avoid the difficulties they went through.

When you make your enquiries before venturing out, you will be able to know where to locate your outlet, how to get your equipments and inks and you will also know how to access your markets. Therefore it is needful that this first step be taken before launching out.

3. Rent an Outlet

Although it is okay for you to start this form of business from your house, and get to use your family members to assist you whenever you need extra hands, the need to rent an outlet where people can easily access you is still the best thing to do.

If you don’t have the capital to rent a shop, you can start from your home but make sure you do all it takes to grow into an office apartment as fast as possible. When looking for an outlet, ensure that you get the one that is situated in a business district or an office space that is in the hub of computers and accessories market.

4. Learn the Trade

Don’t be scared, you are not going to tie yourself down to spend years learning this trade. As a matter of fact, if you are a fast learner you could learn how to refill ink cartridges within a day or so. It is simple to learn and anybody can acquire this knowledge as fast as possible.

You would need this skill because this is the core of your business operation. Don’t forget that in addition to learning how to refill ink cartridges, you would also get trained with excellent customer service skills and marketing skills.

5. Purchase Your Kits

Some of the equipments you will need before you can start your ink cartridge refill business are Air Powered Syringes, Air Powered Vises, Drill Press, Self Contained Refill Device for HP, Custom Refill Device for any other Specific Cartridge, Hot Glue Gum, Glue Stick Supply, Adjustable Wrench, Mounted Vise, Hand Drill, Syringe Bottles, Empty Cartridges (Sponge filled, Vacuum-retained and oddball), Vinyl Electrical Tape, Labels, Shipping Boxes, Ink Supply and a Stainless Steel Table and Chairs. You can order them online or decide to get them in the local markets where they are sold..

6. Advertise and Market Your Business

The major users of inks are printing press, churches, big corporations, architectural firms, Photographic firms and schools. So you should approach this type of organizations to market your service. The trust is that most organizations still feel that there are no alternatives to replacing their ink cartridge whenever it finishes other than buying new ones. Your advertising and marketing approach should be geared towards showing your potential customers how you can help them save cost and help them contribute towards preserving the earth.

7. Work in Honesty

One major issue with people that operate Ink Cartridge Refill Business is dishonesty. Because of greed, most of them hardly fill their client’s cartridges with the expected quantity of ink. They short change their customers because the customers can hardly detect if the ink is properly filled or not.

However, the only way they get to detect they have been short changed is when the ink finished unexpectedly. You can stand out of the crowd and ensure you conduct your business with all honesty. You can be guaranteed repeat and loyal customers when you choose the path of transparency.

It is important to note that you would be required to work in a spacious, well organized and neat space in order to avoid messing up people’s cartridges, your equipment and work station with ink. If you master this trade, you would spend less time refilling cartridges.

Surely the following tips are to guide you to start from the scratch and build your own ink cartridge refill business to profitability, but be sure you get all the necessary information needed, work hard be honest, and then you would become successful with your business.