Everyone needs food to survive that is why the business will keep rising and growing. Nigeria population assists in making foodstuff business very well-paid. on this post, you will learn how to start raw food business in Nigeria.
How to start raw food business in Nigeria doesn’t matter, whether you start small or big there is always profit to make. Also your location not withstanding: whether you are selling in the market or at home you will still make a head way. All you need is diligence and commitment. Quoting, Dr Akinwumi Adesina, “By 2030. The size of food and Agric business in Africa will reach £1trillion.
These are daily items that people purchase all the time, profits is certain daily and sales too although some People consider food stuff business to be minor and dirty.
In today’s world you can make a difference, decide to make your shop neat and you will see people trooping to buy from you. Check out Dutse market or Kubwa market by Army quarters you will know that market setting has change class has been added to it.
How To Start Raw Food Business In Nigeria
Things Needed to Start Foodstuff Business in Nigeria
You can start as a distributor, wholesaler or retailer. But you need the below to start.
The amount for starting depends on the size of your market either large scale or small scale. It also depends on what you intend to sell. You can start with #5,000, #500,000 or millions. You can begin with any capital you have. Source for the money from family or friends, you can save it from whatever you are doing.
Identify where to buy Foodstuff
Most people purchase theirs from the village market, and some journey to the North or South to purchase theirs depending on what you are trading and site. As you progress in the business you can have phone numbers of suppliers to deliver them to you.
Carve a niche
It is not possible for just an individual to sell every product. Choose from the list: grains, food ingredients, palm oil or groundnut oil, stock fish, tomatoes, pepper, onions, fruits, yam, potatoes, plantain, Garri, flour, confectionaries, seasoning, frozen foods, spices, fufu, Kanda, pap, vegetables, seafood (crayfish, shrimps, fish, periwinkle, snails etc.).
Anywhere is market provided you have buyers around. So choose a good location for foodstuff business. It can in or outside the market. Although you will get buyers anywhere, it also important to position your shop where you will have more patronage. Over turn is what increases profit.
Make shelve or Table
Look for a carpenter to construct a shelve or table for you to display your foodstuffs. Keep chairs for customers to sit in case they are tired or too many to handle at a time, some customers can sit and wait for you. There should be a sit for you to sit down as well especially when not selling.
Purchase bowls, trays, spoons, cups, fridge, freezer, mudu, containers, hand basin, and any other materials required for your foodstuff business.
Don’t be selfish; employ more hands to help you in the business if you have too many customers to handle at a time. Many buyers are always in hurry and wouldn’t want to waste time waiting for you to attend to all the people they came & meet. When you have helping hands customers will like to come to your shop knowing they will leave quickly
How to Succeed in Foodstuff Business
Some foodstuffs are highly perishable and should be sold off as soon as possible before they become spoilt. Also, some foodstuff can only be gotten in large quantities on market days. For instance, when I used to produce plantain chips for sale, I could only buy large quantities of plantain at a cheaper price on market days.
Different food commodities are gotten from different regions. All these are aspects that should be controlled correctly in other to do well in food business.
Factors To Consider To Succeed In Food Business
1. Sell off your foodstuff quickly.
There is no need trading on expensive prices when you have there are numerous competitors nearby. Let your price be reasonable and modest you will draw numerous customers who will patronize you.
No need hoarding goods, sometimes you will he here hoarding it whereas hustlers have sharply transport the commodity down by the time such commodities arrive they are fresh and everybody will want to go for them.
2. Understand season.
Foodstuffs are seasonal; you should know the season for every commodity so that you can plan well probably this is when you need a business plan on foodstuff business.
People buy low during crop period ahead of time where they can earn good profits. Business entails smartness so be clever about your foodstuff business.
No matter how things turn out don’t touch your capital Make your personal expenses inside your profit, some smart persons pay themselves salary from their profits. It will help you to save, pay bills and reinvest.
4. Know where to buy what
in Akwa Ibom State buyers go to Northern Cross River to purchase yams, Garri, oranges, coco yam and foofoo. You can go there to buy or purchase from distributors.
5. Know your customers:
Discover what your customers want and please them. For instance, in Delta State they people prefer Pepe yam anything other than that will be a struggle. In Akwa Ibom it is hand peeled melon, there is no chance for machine peeled. So understand your customer preference and stick to it.
6. Price fluctuations
Some factors contribute to the rise and fall of commodity prices apart from the season. Examples of such factors includes, cost of transportation, shortage of commodity or scarcity. If you understand the trend you can always make your customers happy.
7. Purchase and sell more of the commodity that has higher demand and less of what is on low demand
For instance, if your location Garri attracts much sales please buy more of Garri. Don’t go and buy a bag of rice and buy Garri half bag when you know you can finish a bag of Garri in a day while rice may take like 3 days before exhausting it. So put your money where it is needed most.
8. Be Neat:
Many customers prefer someone who is neat. Now that we have graduates in food business who are creating style into the business, it is good you upgrade to the style.
9. Package Your Food Well
See the kind of nylon used in packaging stock fish parts, very attractive. sometimes I purchase it even when it was not on my list. You can retie some things that are left exposed individuals who are in haste or like it that way will purchase it and others will imitate you copy.
10. Be customer friendly
the importance of this cannot be overemphasized. Many have loosed potential customers because of their attitudes. And many have sustained their customers because of their friendliness.
In conclusion, if you abide by the guidelines you will prosper in your foodstuff business.