How to Convert Waste into Wealth?

Dear Entrepreneur! Know the secret of converting waste into wealth! I used to watch and bring the real life situation into my business guidance program to the youth.

Yarn is Waste!
You can see among others in a busy textile city, there are people to collect yarn wastes generated out of spinning and knitting of yarns, cutting and stitching of cloths. The waste product is either yarn or bits of cloths.
You can see a busy trade is going on with these wastes too. People collect these waste yarns from spinning factories and knitting units.

Cloth is Waste!
Further, cutting wastes from garment manufacturing units are gathered. These waste cloths are taken to places where people are ready to take the job work of separating the yarns from the bit cloths. You know, you can get the yarns also segregated into color yarns or white yarns.

Collect and Divide!
Now, you are getting a huge quantity of fresh waste yarns in bulk, classified into white and color yarns. You got a new trade of buying such yarns and selling them. You do not know where to sell them.

Brainy Solution!
After a brain storming session, you arrive at a solution that these could be hot selling item as dusters for cleaning industrial machines and woods and tiles in construction industry. They could be sold in petrol pumps and hardware shops.

Horizontal market!
Qualitatively, you have segregated them into two products, white and color yarns. This could be bulked.

Vertical market!
Quantitatively, these could be made into several kinds of packs. For selling at counters, small packs of half a kilogram or one kilogram size are made. You may pack in bulk 50 kilos, 100 kilos, in big gunny bags too.

You will know that these can be sold to nearby states and countries also. Then you will send them in truck or container loads.

Bye products!
When you discuss with some of your clients, they will tell you that these wastes are useful in making cotton ropes and mats for wall decorations and doors mats too. You just create wealth!

Think differently; you will get new ideas for making use of these waste yarns. Think big; you will get innovative business ideas for a bigger market.

Low cost and high value:
After all you are converting the least wanted waste materials into novel products. You can collect them at cheaper prices and sell them as value added goods at a superior price. It is wealth creation!

You understood the technique of converting waste into wealth. This is your new business success strategy! Go. Grab this opportunity!

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