Starting a screen printing business looks a very lucrative endeavor and it is one of the most trending business options these days. Nowadays, most of the businesses, schools, nonprofit organizations, and sporting leagues are purchasing customized T-shirts, banners, bags, and other products of the screen printing business. While most of the retail shops sell the personalized item from a profit point of view, businesses use such products for branding and marketing.
But in order to capitalize on such a lucrative market, you need to have the know-how of starting a screen printing and in this blog post, we will be looking at what all you will need for starting a screen printing business.
You will need a computer with design software in order to create graphics. In addition to this, you will also need a printer, films, and screens. You can buy Vastex screen printer as they are one of the most popular printers in the market. The screen will be required for your screen printing shop and there is a wide range of screen options available in the market, But at the initial stage of your business, you will have to buy a small stock of the most commonly used screens.
Screen printing equipment
First of all, you will need a press because it is one of the basic equipment when it comes to screen printing. You can start with manual press and with growth, you can move to an automatic press. The best option is to start with a six-color press. Along with the press, you will also need ink and pick a traditional plastisol with discharged, water based ink. At the initial phase of your business, you can choose an ink mix pack with some basic colors like black, white and local school colors.
Squeegees are also important for screen printing business. They are used to spread ink on the screen and put down the print. Just like the ink, you have many options of squeegees and more. Along with that you will need substrates and flash cure units.
Basic business requirement
Along with the equipments, you will need to obtain the necessary license and permit for your business as well. Based on the type of your business like sole proprietorship, partnership, corporation, or limited liability, you will have to file it accordingly with your secretary of state’s office. You will have to apply from your state revenue department for the reseller’s permit. This will allow you to buy in wholesale from the suppliers without paying sales tax. Along with that, you will also need to check your local business licensing authorities to know whether your business special permit for the use of some chemicals and machinery.
You will also need to buy or rent a warehouse with office space where you can greet the customers. And last but not least; you will need to set up vendor accounts with apparel and promotional product suppliers. You should always apply for trade credit in order to pay when your customer pays you. This will help you to ease the burden of paying your vendors upfront.
Screen printing business is one of the most lucrative business in the current era as it offers a large profit margin. You have to carry little or no inventory and you also get tax benefits. So, start a screen printing business and capitalize on this fruitful industry.