Curious about the financial rewards of launching an eco-friendly menstrual products store? While exact figures vary, understanding the potential profitability is key to your entrepreneurial journey, and you can explore detailed projections with our eco-friendly menstrual products financial model to see how much an owner might realistically earn.
Strategies to Increase Profit Margin
To enhance profitability within an eco-friendly menstrual products store, strategic implementation of various business tactics is essential. These strategies focus on optimizing revenue streams, controlling costs, and fostering customer loyalty to maximize the owner's financial returns.
Strategy | Description | Impact |
---|---|---|
Product Diversification & Pricing Optimization | Expand product range and adjust pricing based on value and market demand. | Potential 15-25% increase in overall profit margin. |
Subscription Services | Offer recurring deliveries for frequently used items. | Establishes 30-40% recurring revenue, boosting customer lifetime value. |
Strategic Collaborations | Partner with complementary businesses and wellness professionals. | Drives 10-20% incremental sales through expanded customer reach. |
Loyalty Programs & Reviews | Incentivize repeat purchases and encourage positive customer feedback. | Contributes to a 5-10% increase in repeat customer sales. |
Direct-to-Consumer (DTC) Sales | Eliminate intermediaries by selling directly to customers. | Captures 20-30% higher margin per product sold. |
Inventory Management Optimization | Implement efficient inventory tracking and demand forecasting. | Reduces carrying costs by 10-15% and minimizes lost sales. |
Hybrid Business Model | Combine online sales with strategic physical presence (e.g., pop-ups). | Achieves lower break-even points and maximizes owner earnings. |
Focus on High-Margin Products | Prioritize and promote items like menstrual cups and premium reusable pads. | Enhances overall profit margin by 5-10% through product mix. |
How Much Eco Friendly Menstrual Products Store Owners Typically Make?
The owner earnings for a sustainable period products store can vary significantly. For a well-managed Eco Friendly Menstrual Products Store, an owner might anticipate an average income ranging from $40,000 to $80,000 annually after the business achieves profitability. This figure is influenced by numerous factors, including the store's scale, its geographical placement, and whether it operates primarily online or as a physical brick-and-mortar establishment.
For smaller, online-focused ventures, the potential income for a small eco friendly menstrual store owner might start lower, perhaps between $30,000-$50,000. Conversely, established physical stores with a strong brand presence and loyal customer base could see owner salaries exceeding $100,000 once their net income stabilizes. The net income potential for an owner of a small eco friendly menstrual cup business, for example, is directly tied to these operational metrics.
Startup costs and the overall break-even point for an owner of a new eco-friendly menstrual products startup heavily impact the initial owner take-home pay. Many businesses in this sector aim to reach profitability within 1 to 3 years. Understanding the relationship between startup costs vs owner profit for eco period care is crucial for setting realistic financial expectations.
A realistic salary for an owner of an eco-friendly reusable pad business is often a direct reflection of the store's overall revenue. For instance, if a store generates $250,000 in annual revenue and maintains a healthy 20% net profit margin, the owner might draw a salary of approximately $50,000. Any profits beyond this salary are typically reinvested back into the business for growth or distributed as dividends.
Factors Influencing Owner Income in an Eco Friendly Menstrual Products Store
- Store Size and Scope: Larger stores with a wider product range and higher sales volume generally lead to greater owner earnings.
- Business Model: Online-only stores may have lower overhead, potentially increasing profit margins, while brick-and-mortar stores might offer higher revenue but also incur more operational costs. For instance, the profit margins for an eco menstrual cup online business can differ significantly from a physical store selling reusable pad store revenue.
- Location: A prime location for a physical store can attract more foot traffic, boosting sales and thus owner income.
- Operational Efficiency: Effective inventory management, streamlined operations, and controlled overheads directly impact the net income available for the owner.
- Marketing and Brand Building: Strong marketing efforts can drive sales, directly affecting the owner's take-home pay from a sustainable period products store.
- Competition: The level of competition in the eco-friendly period care market can influence pricing and sales volume, thereby impacting the owner's profit margin.
When considering the financial outlook for an eco friendly feminine hygiene e-commerce business, it's important to note that the market for sustainable menstruation is growing. This growth indicates potential for increased owner earnings over time. For example, the zero waste feminine hygiene market is expanding, offering promising opportunities for businesses like ReBloom Cycle. Detailed financial projections, such as those found on financialmodel.net, can offer further insights into the potential profitability of an eco-friendly menstrual product store.
Are Eco Friendly Menstrual Products Store Profitable?
Yes, an Eco Friendly Menstrual Products Store can be highly profitable. This is driven by a growing consumer interest in sustainable and chemical-free feminine hygiene options, which is expanding the zero waste feminine hygiene market.
The overall feminine hygiene products market was valued at a substantial USD 233 billion in 2022. Projections show this market is expected to grow at a compound annual growth rate (CAGR) of 58% from 2023 to 2030. This indicates a strong and upward trend for businesses like ReBloom Cycle, which offer ethical period care.
Profitability for eco-conscious brands is often enhanced by the higher perceived value of their products. Consumers are frequently willing to pay a premium for organic menstrual product sales and eco-friendly alternatives. This can lead to better profit margins for an eco menstrual cup online business compared to conventional products.
Market Growth for Reusable Menstrual Products
- The reusable menstrual product segment, which includes items like menstrual cups and reusable pads, is anticipated to see significant growth.
- The global menstrual cup market alone was valued at USD 12 billion in 2022.
- This market is forecasted to reach USD 21 billion by 2030, presenting substantial menstrual cup business income opportunities.
For an owner of an Eco Friendly Menstrual Products Store, this market expansion translates directly into potential for increased owner earnings from sustainable period products. The demand for ethical period care store options is clearly on the rise, making it a potentially lucrative venture.
What Is Eco Friendly Menstrual Products Store Average Profit Margin?
The average profit margin for an Eco Friendly Menstrual Products Store like ReBloom Cycle can fluctuate significantly. Generally, you can expect profit margins to hover between 15% and 30% of gross revenue. This range is influenced by several factors, including how you source your products, how efficiently you run your operations, and your pricing strategies.
For businesses that specialize in premium, directly sourced sustainable period products, gross profit margins can be quite healthy, sometimes reaching 40% to 60%. However, it's important to remember that net profit margins will be lower. This reduction is due to essential operating costs such as rent for a physical location, marketing efforts to reach customers, and staffing expenses. These costs directly impact the owner's take-home pay from the sustainable period products business.
When comparing business models, online eco-friendly menstrual product businesses often boast higher net profit margins. They can achieve over 25%, primarily because their overhead costs are considerably lower than those of brick-and-mortar stores. Physical retail locations, on the other hand, might see net profit margins averaging between 15% and 20% after accounting for all the expenses associated with maintaining a physical presence.
Comparison of Owner Income: Online vs. Brick-and-Mortar Eco Period Store
- Online stores may have lower initial startup costs compared to potential owner profit, making them more accessible for new entrepreneurs.
- Brick-and-mortar stores can benefit from higher average transaction values and foster stronger community engagement, which can positively impact overall owner earnings from sustainable period products.
- The financial outlook for an eco friendly feminine hygiene e-commerce business often shows a leaner operational cost structure.
- Conversely, a physical reusable pad store might require more capital upfront but can offer a more tangible customer experience, potentially leading to higher repeat business.
Understanding these differences is key when assessing the potential income for a small eco friendly menstrual cup business owner. The profitability of an eco-conscious period brand is deeply tied to its operational structure and market reach. For instance, a store focusing on organic menstrual product sales might have different cost structures than one selling primarily menstrual cups.
Is Opening An Eco Friendly Menstrual Products Store A Good Investment For An Owner?
Opening an Eco Friendly Menstrual Products Store, like 'ReBloom Cycle,' can indeed be a sound investment. This is largely due to a significant and growing consumer preference for sustainable and ethical personal care items. As environmental awareness increases, so does the demand for products that align with these values. For instance, the global feminine hygiene market, which includes eco-friendly options, was valued at approximately USD 45.2 billion in 2023 and is projected to continue its upward trajectory.
The sustainable menstruation business model itself fosters strong customer loyalty. When customers find products that meet their ethical and health standards, they tend to make repeat purchases. This creates a stable revenue stream for the business owner. A study by Nielsen found that 66% of consumers are willing to pay more for sustainable brands, indicating a strong market for premium eco-friendly menstrual products.
Furthermore, the market is clearly shifting towards health-conscious and environmentally responsible consumption. This trend directly supports the viability of an Eco Friendly Menstrual Products Store as a profitable venture. Consumers are actively seeking out alternatives to conventional products, driven by concerns about chemicals and environmental impact. This proactive consumer behavior makes investing in this sector a strategic alignment with future market demands.
Key Drivers for Investment in an Eco Friendly Menstrual Products Store
- Growing Consumer Demand: Increased awareness of environmental impact and personal health drives consumers towards sustainable and chemical-free options, boosting sales for businesses like 'ReBloom Cycle'.
- Market Growth: The sustainable feminine hygiene market is expanding consistently. Projections indicate continued growth as environmental consciousness rises globally.
- Brand Loyalty and Repeat Purchases: A successful model can cultivate strong customer loyalty, leading to stable revenue and attractive returns on investment for the owner.
- Alignment with Market Trends: The shift towards health-conscious and eco-responsible consumption patterns positions this business as a future-proof venture.
The potential owner earnings in a sustainable period products business are influenced by several factors. These include the product mix offered, such as menstrual cups, reusable pads, and organic tampons, as well as the chosen sales channel—online versus brick-and-mortar. For example, the profit margins for an eco menstrual cup online business can be quite healthy, often ranging from 30% to 50%, due to lower overhead compared to physical stores.
When considering the profitability of an eco-conscious period brand, it's important to look at the entire business operation. The average owner income for an eco friendly menstrual products store owner can vary significantly. While precise figures are proprietary, industry benchmarks suggest that a well-managed online store could potentially generate an annual owner income in the range of $50,000 to $150,000 or more, depending on sales volume and operational efficiency. A physical store's revenue for reusable pad sales might differ, impacted by location and foot traffic.
Breaking even with an eco friendly feminine hygiene startup typically requires careful management of startup costs versus owner profit. Initial investments might include inventory, website development, marketing, and potentially rent if a physical location is chosen. For a small eco friendly menstrual cup business, startup costs could range from $5,000 to $25,000, with the owner's net income potential growing as brand recognition and customer base expand.
What Factors Influence The Profitability Of An Eco Friendly Menstrual Products Store?
Several key factors significantly impact the owner earnings from an Eco Friendly Menstrual Products Store. These include the costs associated with sourcing products, the amount spent on marketing, how efficiently the business operates, and the intensity of competition in the market. For instance, a business like 'ReBloom Cycle' needs to carefully manage its expenses to ensure healthy profit margins for the owner.
Strategic inventory management directly affects an owner's earnings in an eco-friendly period store. Efficient stock rotation and minimizing waste are crucial because they directly impact the cost of goods sold (COGS) and, consequently, the overall gross profit. According to industry insights, effective inventory control can reduce COGS by as much as 5-10%, directly boosting the owner's take-home pay.
Effective marketing expenses play a vital role in an owner's take-home pay from a sustainable period products store. Targeted digital campaigns, community engagement, and building a strong brand presence can drive sales and improve customer acquisition costs. Studies show that businesses with a clear digital marketing strategy often see a 20% higher customer retention rate, which translates to more consistent revenue for the owner.
Key Profitability Drivers for an Eco Friendly Menstrual Products Store
- Product Sourcing Costs: The price paid for reusable pads, menstrual cups, and organic tampons directly impacts gross profit. Building strong supplier relationships for ethical period care store products is essential.
- Marketing and Sales Expenses: Investment in digital advertising, content marketing, and community outreach affects customer acquisition cost (CAC) and sales volume. A well-executed campaign can lower CAC by up to 15%.
- Operational Efficiency: Streamlined processes, efficient order fulfillment, and managing overheads like rent and utilities influence net profit. Businesses that operate leanly can achieve higher profit margins.
- Competitive Landscape: The number and strength of competitors in the zero waste feminine hygiene market affect pricing power and market share. Understanding competitor pricing is crucial for setting competitive prices while maintaining profitability.
- Brand Narrative and Customer Loyalty: A compelling brand story that resonates with the target demographic can foster customer loyalty, leading to repeat purchases and reduced marketing spend per customer.
The most profitable business model for an owner in the eco-friendly menstrual products industry typically combines competitive pricing with strong supplier relationships. This ensures access to high-quality, ethically sourced products at favorable costs. Additionally, a compelling brand narrative that genuinely connects with consumers seeking sustainable menstruation solutions is critical for driving sales and increasing owner profit.
For example, a business focusing on organic menstrual product sales might find that offering subscription boxes can increase customer lifetime value by 30%. This recurring revenue stream provides a more predictable income for the owner and reduces the need for constant new customer acquisition, thereby lowering overall marketing expenses.
How Can An Owner Increase Their Earnings From An Eco Friendly Menstrual Products Store?
An owner can significantly boost their income from an Eco Friendly Menstrual Products Store, like ReBloom Cycle, by strategically diversifying their product range. This means going beyond the core offerings and introducing complementary items that cater to the holistic wellness of their customer base. Think about including natural skincare, organic teas, or reusable period-proof underwear. This not only provides more revenue streams but also positions the store as a one-stop shop for sustainable personal care. For instance, adding a line of organic cotton pajamas could appeal to the same eco-conscious consumer seeking comfort and sustainability.
Optimizing pricing strategies is crucial for maximizing owner earnings. This involves understanding the perceived value of eco-friendly menstrual products and the willingness of the target market to pay for quality and ethical sourcing. Analyzing competitor pricing, factoring in overheads, and understanding profit margins for each product are essential steps. For example, a menstrual cup business might find that while initial sales volume is lower, the profit margin per unit is substantially higher than for disposable organic tampons, contributing more directly to owner profit.
Expanding market reach through various sales channels is another key strategy. While an e-commerce platform like ReBloom Cycle's website is fundamental, exploring other avenues can unlock new customer segments. This could include partnering with local health food stores, yoga studios, or wellness centers for wholesale or consignment opportunities. Participating in local farmers' markets or eco-lifestyle events also provides direct customer interaction and brand visibility. For a physical reusable pad store, the revenue potential is directly tied to foot traffic and local community engagement.
Strategies for Boosting Owner Income
- Diversify Product Offerings: Introduce related sustainable personal care items, such as natural soaps, organic cotton clothing, or herbal wellness products, to capture a broader market and increase average transaction value. For example, ReBloom Cycle could add a line of biodegradable dental floss.
- Implement Subscription Services: Offer recurring delivery options for frequently used items like organic menstrual pads or menstrual cups. This builds predictable reusable pad store revenue and enhances customer lifetime value, a critical metric for sustainable period product businesses. A well-structured subscription can ensure consistent organic menstrual product sales.
- Forge Strategic Partnerships: Collaborate with complementary businesses or wellness practitioners, such as doulas, naturopaths, or eco-friendly lifestyle bloggers. These collaborations can drive targeted traffic and generate valuable leads, thereby maximizing owner take-home pay from a sustainable menstruation business.
- Develop Loyalty Programs: Reward repeat customers with exclusive discounts, early access to new products, or special perks. Encourage customers to leave reviews, as positive word-of-mouth referrals are a powerful and cost-effective way to attract new business and increase overall owner earnings for sustainable period products.
The introduction of a subscription service is a powerful method for generating consistent revenue. For an eco friendly menstrual products store owner, offering subscription boxes for items like organic tampons, reusable pads, or menstrual cups can create a predictable income stream. This model not only ensures a steady flow of reusable pad store revenue but also significantly enhances customer lifetime value, a key indicator of a healthy sustainable menstruation business model. For instance, a customer subscribing to monthly organic menstrual product sales reduces the need for individual sales efforts.
Collaborations with complementary businesses and wellness practitioners can effectively broaden the customer base and drive additional sales. Partnering with local yoga studios, health food stores, or even gynecologists who advocate for ethical period care can expose the brand to a highly relevant audience. These partnerships can take various forms, from cross-promotions and joint events to offering exclusive discounts to partner clientele. Such collaborations directly contribute to increasing owner earnings from a sustainable period product business by tapping into pre-existing, engaged communities.
Implementing robust loyalty programs and actively encouraging customer reviews are vital for fostering repeat business and generating invaluable word-of-mouth referrals. A well-designed loyalty program can incentivize customers to return, increasing the frequency of purchases and the overall value they bring to the business. Positive reviews act as social proof, building trust and credibility, which is particularly important in the ethical period care market. These efforts directly translate into higher owner earnings for sustainable period products by creating a loyal customer base that advocates for the brand.
Can An Eco Friendly Menstrual Products Store Achieve Higher Profit Margins Through Direct-To-Consumer Sales?
Yes, an Eco Friendly Menstrual Products Store can significantly boost its profit margins by adopting a direct-to-consumer (DTC) sales model. This approach allows the business to bypass traditional retail channels, thereby capturing a larger portion of the final product price that would otherwise go to distributors and retailers. For a business like 'ReBloom Cycle,' which focuses on ethical period care, DTC sales directly translate to improved owner earnings.
By selling directly to customers, the store retains the wholesale margin typically allocated to intermediaries. This can mean a substantial difference in overall owner profit. For instance, if a product has a 50% wholesale margin, selling it DTC means the store keeps that additional 50%, directly impacting the profitability of eco-conscious period brands.
A DTC model also offers greater control over the entire brand experience. This includes managing customer interactions, collecting valuable sales data, and refining marketing efforts. For 'ReBloom Cycle,' this means being able to effectively communicate the ethical values and unique benefits of its sustainable feminine hygiene products. This direct communication can justify premium pricing, which in turn, enhances owner income and contributes to the sustainable menstruation business model's success.
Benefits of Direct-to-Consumer Sales for Eco Friendly Menstrual Products Stores
- Increased Profit Margins: Eliminates wholesale markups, allowing the store to retain a larger share of the retail price. For example, a menstrual cup costing $5 to produce might retail for $25 DTC, compared to $15 if sold wholesale.
- Brand Control: Full command over branding, messaging, and customer service, crucial for ethical period care stores.
- Direct Customer Relationships: Enables personalized marketing and product development based on direct feedback, fostering loyalty within the zero waste feminine hygiene market.
- Data Ownership: Collects valuable customer insights to optimize sales strategies and product offerings for organic menstrual product sales.
- Premium Pricing Justification: Allows for direct communication of product quality and ethical sourcing, supporting higher price points for sustainable period products.
The ability to control pricing and marketing directly through a DTC strategy is a significant advantage for an eco friendly menstrual products store owner. It allows for a more direct correlation between marketing investment and revenue generated. For instance, targeted digital advertising campaigns can reach consumers actively seeking sustainable menstruation solutions, leading to higher conversion rates and better owner earnings from the business.
What Kind Of Profit Can You Expect From An Organic Tampon Business?
An organic tampon business, as a component of an Eco Friendly Menstrual Products Store like ReBloom Cycle, can anticipate healthy profit margins. This is largely due to the premium positioning and increasing consumer demand for certified organic and chemical-free personal care items. Many consumers are willing to invest more in products that align with their health and environmental values, which supports strong average profit margins for these specialized items.
The organic feminine hygiene market, while a niche, is experiencing rapid growth. This expansion means that businesses focusing on organic menstrual products are well-positioned for profitability. The ability to source certified organic materials effectively and build a strong brand identity can allow an organic tampon offering to achieve profit margins that are competitive with, or even surpass, those of general eco-friendly products. This segment plays a crucial role in the overall profitability of an eco-friendly menstrual products store, especially as consumer awareness regarding ingredient safety and environmental impact continues to rise.
Factors Influencing Organic Tampon Business Profitability
- Premium Pricing: Organic and chemical-free products often command higher prices than conventional alternatives, directly boosting profit margins. For instance, a pack of organic tampons might retail for $9-$12, compared to $6-$8 for conventional ones.
- Growing Market Demand: The sustainable menstruation business model is gaining traction. Reports indicate the global feminine hygiene market is projected to reach over $50 billion by 2027, with a significant portion attributed to eco-friendly and organic segments.
- Reduced Overhead (Online Model): An e-commerce focus for an eco friendly menstrual products store can significantly lower overhead costs compared to a brick-and-mortar store, such as rent and utilities, thus increasing the owner's net income.
- Brand Loyalty: Ethical period care stores that build trust and offer high-quality organic menstrual products can foster strong customer loyalty, leading to repeat purchases and a stable revenue stream.
The owner's earnings in an eco friendly menstrual products store business are directly tied to sales volume and profit margins. For example, a small online store specializing in organic tampons and reusable pads might see gross profit margins ranging from 30% to 50%. If such a business generates $100,000 in annual revenue with a 40% gross margin, that's $40,000 before accounting for operating expenses like marketing, shipping, and inventory. The owner's salary is then derived from this remaining amount after all costs are covered.
How Does Inventory Management Affect An Owner's Earnings In An Eco Friendly Menstrual Products Store?
Effective inventory management is crucial for an owner's earnings in an Eco Friendly Menstrual Products Store, directly impacting profitability. It helps minimize carrying costs, reduce waste from expired or obsolete products, and prevent stockouts that lead to lost sales opportunities.
Overstocking eco-friendly menstrual products ties up valuable capital. This can lead to increased storage expenses and the risk of inventory becoming unsellable if product trends shift. Such issues negatively impact cash flow and, consequently, the owner's profit in an eco menstrual shop.
Conversely, understocking eco-friendly menstrual products means missing out on potential sales. This can lead to customer dissatisfaction and hinder revenue growth for a reusable pad store. For instance, if a popular menstrual cup style is out of stock, a customer might go to a competitor, resulting in a direct loss of income for the owner.
Key Impacts of Inventory Management on Owner Earnings
- Minimizes Carrying Costs: Holding excess inventory incurs costs like warehousing, insurance, and potential spoilage. Efficient management reduces these overheads, directly boosting owner profit.
- Reduces Waste: Many eco-friendly menstrual products, like organic tampons or certain types of reusable pads, have shelf lives. Proper inventory control prevents these items from expiring, saving the owner from financial loss.
- Prevents Lost Sales: Stockouts mean customers cannot purchase desired items, leading to lost revenue. For example, if a zero-waste feminine hygiene market store consistently lacks popular menstrual discs, the owner loses immediate sales and potentially future business.
- Optimizes Capital: By maintaining appropriate stock levels, capital isn't tied up in unsold goods. This freed-up capital can be reinvested in marketing, product development, or other growth initiatives, ultimately increasing the owner's potential earnings.
- Enhances Customer Satisfaction: Having products available when customers need them builds loyalty and encourages repeat business, contributing to a stable revenue stream for the sustainable menstruation business model.
Implementing strategies like just-in-time inventory or utilizing sales data for accurate demand forecasting can optimize stock levels. This ensures products are available when needed without the burden of excessive overheads, thereby safeguarding and potentially increasing the owner's profit in an eco menstrual shop. For example, a sustainable period products business might use past sales data from the previous year to predict demand for reusable menstrual pads during peak seasons, ensuring they have enough stock without over-ordering.
What Business Model Is Most Profitable For An Owner In The Eco Friendly Menstrual Products Industry?
For an owner in the Eco Friendly Menstrual Products industry, a hybrid business model often proves most profitable. This approach combines a strong online presence with strategic pop-up shops or limited physical retail partnerships. This dual strategy allows for broad reach and direct customer engagement, significantly impacting owner earnings in the sustainable period products sector.
An e-commerce first approach minimizes fixed overheads, making it easier to achieve a lower break-even point for an owner of a new eco-friendly menstrual products startup. This lean operational structure directly contributes to maximizing initial owner earnings and building sustainable feminine hygiene business salary potential.
Key Strategies for Profitability in Eco-Friendly Menstrual Products
- E-commerce Focus: Minimizing fixed costs through an online-first strategy allows for quicker profitability and increased owner income.
- Subscription Services: Integrating subscription box services for sustainable period products provides predictable recurring revenue, a highly profitable aspect for the sustainable menstruation business model. For example, a customer subscribing to a monthly reusable pad delivery ensures consistent sales for the business owner.
- Curated High-Margin Products: Focusing on items like menstrual cups and high-quality reusable pads, which typically have better profit margins, directly enhances menstrual cup business income and overall profitability for the owner.
- Educational Content: Providing valuable content around ethical period care and zero waste feminine hygiene can attract and retain a dedicated customer base, boosting organic menstrual product sales and brand loyalty.
Integrating subscription box services for sustainable period products can provide predictable recurring revenue. This is a highly profitable aspect of the sustainable menstruation business model, directly contributing to a stable owner earnings sustainable period products income stream. Many consumers in the zero waste feminine hygiene market appreciate the convenience and reliability of regular deliveries.
Focusing on a curated selection of high-margin items like menstrual cups and reusable pads is crucial. Coupled with robust educational content on ethical period care, this strategy can attract a dedicated customer base. This approach enhances menstrual cup business income and overall profitability, directly impacting the owner's share in a zero waste menstrual product cooperative or sole proprietorship.