Mushroom farming is one very lucrative farming business that has really never been utilized to its maximum capacity in Nigeria. It is very prominent in Kenya, Ghana and many part of the world.
Mushrooms could easily be cultivated, whether in a mushroom garden (for private consumption) or in a big farm (for commercial use).
These plants are the fleshy, spore-bearing fruit body of a particular fungus, typically produced above ground, on soil, or on its food source (tree trunks and woods). It is not a green plant that has chlorophyll for synthesizing its own food through photosynthesis. Rather, they are mainly saprophytes depending on decaying organic matter to produce their own food.
It is important to note that they are wild (poisonous mushrooms) and also edible mushrooms, so when making a choice of mushroom seedlings you have to be careful to pick the right choice of mushrooms. In this post we will show you how to start mushroom farming. But in a subsequent post we will outline the different methods of planting mushroom in Nigeria. There are different kinds of mushroom such as; Oyster, Lion Maine, Shiitake etc. The most popular mushroom to cultivate in Nigeria is the Oyster and Shitake.
Mushroom is a globally recognized food staple and is a significant part of various recipes enjoyed in multiple countries and by diverse cultures. Almost all vegetarians can relate with this because it is one of their major food used to replace meat, egg, fish etc. Since food has to balance mushroom has become the protein many homes need.
On a global scale, China is the largest producer of mushrooms, producing over 200,000 metric tons of mushroom annually, which amount to about 48% of the global production. The USA succeed this rate, producing over 60,000 metric tonnes which amounts to about 11% of the global output.
Nigeria produces barely 500 metric tons of mushroom, which is way less than its production capabilities, amids its about 1500 metric tons per annual consumption rate, which leads to high imports due to inadequate production.
Mushroom farming is a money-spinner In Nigeria, and it has been enjoyed as a very lucrative business for only the very few farmers who have ventured into it. With the ever-increasing demand for mushrooms in Nigeria, the need for more farmers to venture into mushroom farming is now inevitable. Apart from cultivating for local consumption mushroom exportation should be looked into as another source of foreign exchanged.
There are people who are into this crop farming you can learn from although cultivating mushroom is very easy and you can do it yourself if you follow the process. Steps for mushroom cultivation are; sterilization, inoculation, or spaing, colonialization and fruiting.
How Profitable is Mushroom Farming
In case you are one of those asking how profitable is mushroom farming? I am here to tell...
7 days water therapy is a good way to detox the body. There are also other natural and healthy ways to detoxify the body such as squeezing and drinking of bitterleaf water, chew moringa leaf or seeds. But how...
Book shop business is lucrative, everyone reads. Although many people are too lazy to read, others prefer to read online than reading hard copy. No matter how advance technology is, it definitely cannot completely take the place of books. even online stores such as amazon, Publishdrive, ibooks, Smashwords. Draft2Digital, Create Space, Kobo etc people still buy paperback. It is believed that in this part of the world people don't read, an adage says, 'if you want to hide a thing from a Nigeria, put it inside a book' This is because they book may never be opened. There is so much awareness going on regarding book reading. We have some NGO's in regards to this, such as; Nigeria Reads. I am where I am today because of the time I invested in reading while growing up, I encourage people to invest in this business idea it is very important. Statistics has shown that most of the books sold in the country are mainly educational books.
The population of Nigeria is high and the statistics of students is equally high. They will use exercise books, textbooks, novels, map etc in School. With the advent of internet you can decide to sale online only, it is not necessarily until you have a physical shop but the latter pays more fore now.
I have seen a man who is into books selling and he is living very comfortable. He has built a house, owns a car, his children attend the best schools. There are different ways to start book shop business; you can sell
Children and student books
Christian books/Religious books.
Exercises books only etc
Requirements for Starting a Book shop Business In Nigeria
1. Source fo Capital
Money is very important when it comes to starting a book shop business because you need money to buy books. To make the shop look appealing you have to stack it with plenty books. Also you will want to buy different variations of the books so customers can have choices. In case you are wondering how much is needed to start bookshop business, then I will say it depends on the scale you are starting with. 500,000 thousand and above is ideal for a start.
2. Get a Shop
Establish your shop in a place you can easily be located. For instance if you are selling Christian books; establish it close to a mega church or where churches are concentrated. And when you are dealing on exercise/textbooks, situate your shop in a school environment. Market is another good place to set up your book shop business.
3. Set Up Your Shop
Construct shelves, show glass and counter, it will help you to arrange your books very well, arrange the books in category for easy surfing. When customers come, they will know where to search for the book they need. Show glass make bookshop look attractive and make some people hungry to read. The way you arrange your book shop can make someone buy more than plan.
Write a Book Shop Business Plan
Like any other business, book shop business needs a plan. In your plan you will include SWOT, MARKET TREND, FINANCIAL PROJECTION etc.
Identify where to buy Books on Wholesale
Lagos State is one place you can buy books from dealers in large quantities. There are very many bookshops that sell all the books both local and foreign. There are some books you can order directly from the source (outside Nigeria) but the cost of getting them down to Nigeria will increase the price of the book tremendously that is why it is best to buy from dealers in Nigeria. You can order books from online bookshops check Jumia, Konga etc. you will see a good number of them.
Carve a Niche
Just like I said, chose the type of book shop business you want to go into. The reason you have to chose a niche is because buyers will easily identify you. Whenever people need what you are selling, they won't hesitate to come knowing well the books will be available for purchase. In case of referral you stand a chance.
Take your business online, check the internet the number of book shops on google will baffle you. I remember when I was looking for 'Akin The Drummer Boy' to buy, I couldn't find it in any of the book shop close to me, I had to go online. So advertise your business on Facebook, Instagram, Twitter and other social media. In your physical store don,t hesitate to put a sign post so you can easily be located.
Why You Should Start a Book Shop In Nigeria
The population of students in Nigeria is high, religious organizations are also many this means you are going to be making money from overturn in the business.Statistics of people doing the business are not many, meaning there is room to grow and expand. It is lucrative. Hardly will you not see a household that has not bought books in one way or the other whether it is textbooks, exercise books etc.There are many ways to run the business, either online or physical store.Books are not perishable, they can stay for many years except for natural disaster or carelessness.
Is Bookshop Business Profitable
Yes, book shop business is very profitable, judging from what I have observed and seen from my sister's shop. She added the sales of exercise books to her provision business. The profit is from 30% and above. Assuming you bought a book #300 and you sold it #500, tell me is the business profitable or not?
Book shop business is very profitable, anyone can start it even without training. Locate a good place and establish your bookstore there. You can import books from UK or USA or buy from dealers in Nigeria.
Soft drink business is a business you can easily start and make money daily. The rate at which drinks are consumed in Nigeria is high. Unlike before to start soft drink distribution business you should have up to a million but not so anymore. You can actually become a sub-distributor of any brand or all the brands. To start from scratch may not be easy the reason you should locate dealers to liaise with. You have to apply for distributorship rights from any soft drink company you have interest in. Ensure the company has brands that moves market this will help you in turnover profits as demand for the product will be high.
The business is lucrative that is why many shops are sprouting from left, right, centre. Even at that there is room for new entrants because Nigeria population is high. There are different ways to start soft drink business; as a distributor, as a wholesaler set up...
Bridal shop business is undeniably one of Nigeria's most sought after enterprises. Every man wants to marry a pretty woman. Each wife who gets married always wants a beautiful wedding; and a dress that would make her look outstanding on her memorable day. One of the things that can make the wedding a momerable is getting the right bridals on the day of the event. Bridal boutique shops are, therefore, a profitable venture because of the latest obsession in today's society with glamour and trend. Most people now want their marriages in a luxurious way that makes a good profit for event management companies and also for the bridal and groom parlours. Note weddings kick-off every weekend in the country at different places, building a bridal shop business, a very profitable one, backed up by the fact that very few people venture into it. It is not a business as popular as others in the apparel industry, but it is one which holds a million-dollar promise. The reasons being that the market demand is vast, weddings are continually taking place weekend after weekend and the competition is not so much as compared to other sectors. This is why you need to delve into this opportunity and make money for yourself. So if you have the passion as well a s the matching experience, this business is just right for you.
Why Bridal Shop business?
Nigerians are by nature, ceremonial people, given our socio-cultural disposition. Weddings are a widely celebrated event. Every bride wants a glamour wedding with that perfect gown that turns the head of every attendee at the event. Moreover, the wedding industry is considered one of the significant contributors to Nigeria's economy. It is credited for creating entire industries that didn't exist or were previously unprofitable, such as makeup artists and luxury toilet hire companies. Fashion designers have also largely benefited from Nigeria's wedding boom. In previous years, wealthy brides would travel abroad to buy their wedding gowns, but they are now turning to homegrown designers to shop for weddings. Therefore the market has blossomed into creating a perfect leveraging for investors, fashion entrepreneurs and boutique owners. Starting a bridal shop is, therefore, a secure way to tap into your share of this lovely bit of cake.
Before you delve into this venture, you need to know what it entails. A bridal shop sells dresses and accessories to brides-to-be and bridal party members (e.g., the bride's maid of honour, the bride's mother, etc.) They also provide alteration services so that everyone can get the perfect fit.
What you need to Startup
You would need the following materials as startup kits such as a showroom, mannequins, pieces of furniture, an office complex, file cabinets and desks, cash register, bookkeeping materials, measurement kits and so on.
Steps to starting your own Bridal Shop business?
To establish and successfully run a bridal shop business in Nigeria, you need to take the following steps:
Create a business plan: Your business plan should act as a blueprint or master template for your store. A good business plan will show investors that your business is viable and that it has the potential to succeed. Your marketing strategy for the bridal shops will include; A general business description: with the name of your business, the city where your business will be located, a proposed location for your business, and your customer type. It should also include your inventory details, your promotion plan, future, resume, startup expense as well as project statement of sales and expenses.
Get capital: You need sufficient capital to start your business. Your capital should be included in your business plan, or rather your business plan gives you a sense of how much equity you are going to need for both worse scenarios and best-case scenarios. It would be best if you strategize how to include loans to your capital, from friends, family, investors and other industries. Bear in mind that the bridal shop business is a serious investment. If we exclude the store's rent, then you'll probably be needing about N1Million to start the business.
Name Your Business Bridal Shop: This may sound straightforward, but as you participate in the practice, you will discover that sometimes having a perfect business name can be a hassle. Don't stress yourself. Take a breath and think about names that portray the business purpose. Two known words can be coined together, or perhaps work with a meaningless abstract name. But the best name would be a reflection of your person and brand idea.
Register the business: You must go through the rudimentary process of registering your business with the county and state. Contact the secretary of your country to register your bridal shop according to laid down guidelines. In Nigeria, CAC is the body that handles all that. You need to decide if you want to specialize in defining a specific brand name or wedding dress style, such as a single designer or high-end luxury gowns, or whether you want to bring a range of different gowns. Decide, too, if you wish to store bridal accessories.
Get a suitable Location: Your bridal shop has to have an excellent position to aim for success. Don't expect to hit the peak by putting your company in a secluded area, away from potential clients. The benefits that come with a good business location cannot be overemphasized. Get a shop along the road, where there's lots of traffic for your business to flourish.
Do this wrong, and you'll end up frustrated and in the worst cases, fold up.
Set up your shop: There are lots of suppliers and fabricators from whom you can order your supplies. With just your computer system, you can even ship most inventories from China into Nigeria if need be. That is why your business plan is critical because it is also going to be crucial in deciding how you'd get in contact with the dress manufacturers, designers and suppliers. You would have to decide Set up credit accounts or wholesale accounts with each one so that you can purchase the dresses at wholesale prices and then resell at retail prices.
Get your supplies: Your choice of wedding gowns are crucial to being relevant in this industry. It would help if you were in touch with experienced designers and manufacturers as many as you can buy to deliver bridal gowns that include different sizes, designs, and prices to suit both the wealthy and moderate earners. Renting these bridal gowns, hats, floral arrangements and so on may be sold aside. As your business grows, you can start taking notice of your customers choices, competitors, market trends and all that.
How to Succeed in Bridal Shop Business:
Promotion is key to getting ahead in this business. Traditionally, it is expected that you go around to show off your dresses and other products by taking part in local bridal events at the fashion shows and exhibitions. To keep it short, Identify and meet with strategic partners. Besides, make a list of referral sources you can use as strategic partners for your new business, including wedding vendors such as wedding planners, photographers, florists and DJs. Contact these referral sources to discuss ways you can work together to refer business to each other.
There are lots of ways in which you can promote your bridal shop in a short time, and make mind-blowing figures. How to advertise wedding dresses. It would be best if you carved out a unique brand identity that makes your business stand out from the others. Building your brand image is vital as it helps you carve a niche and informs the way customers perceive your business. Your logo design should include elements of colours, typeface, symbols, and images that successfully convey your business message. Having a gratuitous card and some fliers can also do wonders.
The power of social media as well can never be overemphasized. By running different social ads like Facebook ads, twitter and Instagram ads, you can get your business out there. Having a luxurious website can also work wonders in building your brand's visibility and giving you that successful boost to your business.
Cost of Starting bridal Accessories/wedding dresses Shop
The cost of opening a bridal...