Summary of Meet Suraj Ghumare | नौकरी से Export की उड़ान | Cow Dung Export में किया कमाल | EXIMPreneur Ep 82-2
Summary of Financial Strategies, Market Analyses, and Business Trends
Business Overview:
Suraj Ghumare, an exporter from Nagpur, has successfully expanded his export portfolio from Ayurvedic raw materials to Cow dung cakes, exporting primarily to European countries including Germany. His business highlights the potential of unconventional agricultural products in international markets.
Key Financial Strategies and Methodologies:
- Product Sourcing and Preparation:
- Cow dung cakes are produced on Suraj’s own farm, ensuring quality control and low production costs.
- Use of molds to standardize the shape and size of Cow dung cakes, improving product appearance and consistency.
- Sun-drying the products thoroughly to eliminate moisture and ensure long shelf life during shipping.
- Costing and Pricing:
- Suraj has a deep understanding of domestic pricing and production costs, enabling competitive pricing for export.
- Pricing included product cost plus a transportation charge of Rs. 60,000-70,000 for shipment to Germany.
- Cost per piece was Rs. 1.5, with significant profit margins reported (e.g., earning Rs. 1000 profit on a Rs. 10 piece).
- Packaging and Logistics:
- Double packaging with proper sealing and labeling to prevent moisture ingress and damage during transit.
- Corrugated boxes holding 270 pieces each were used, ensuring safe delivery without breakage.
- Export done through Indian Post, which requires basic documentation (export certificate, GST bill of lading, Aadhar card, customs declaration) but no complex certification for Cow dung cakes.
- Customer Acquisition and Sales Approach:
- Utilized IndiaMART platform to find buyers and respond promptly to inquiries.
- Followed the “100-10-1” rule: out of 100 contacts, 10 show interest, and 1 deal closes, emphasizing patience and persistence.
- Provided samples (10-15 kg) initially to build buyer trust before receiving bulk orders.
- Market Insight and Trend:
- High demand for pure cow dung products in Europe, especially Germany, for traditional and health-related uses (e.g., purification, protection from environmental harm).
- Buyers include researchers and practitioners of traditional rituals (havans, agnihotra) who value Indian cow dung for its purity and effectiveness.
- Exporting such niche products taps into growing global interest in Ayurveda and natural health remedies.
Step-by-Step Guide to Exporting Cow dung cakes:
- Identify buyer requirements via platforms like IndiaMART.
- Source raw materials from own farm or trusted suppliers.
- Prepare product using molds for uniformity.
- Dry products thoroughly to avoid moisture.
- Pack in double-sealed, labeled packets; arrange in corrugated boxes.
- Complete necessary export documentation (export certificate, GST, customs declaration).
- Ship via Indian Post or suitable courier ensuring cost-effective freight.
- Follow up with buyers and provide samples to build trust.
- Maintain patience and persistence through multiple inquiries to close deals.
Additional Insights:
- The product has social impact by providing employment locally and utilizing agricultural waste.
- Exporting low-cost, high-value niche products can yield significant profits.
- Support from educational and training institutes like Triple Aam was crucial in overcoming initial export challenges and gaining confidence.
Presenters / Sources
- Suraj Ghumare (Exporter)
- Interviewer / Host (Unnamed female presenter)
- Shubham Sir (Mentor / Trainer at Triple Aam)
- Triple Aam Export Training Institute (Support and training provider)
Category
Business and Finance