How To Start Rice Distribution Business In Nigeria.
How To Start Rice Distribution Business In Nigeria.
Rice used to be a food that is been eaten 3times a year (Christmas, New year and may be ester), But today we can say that it has become a thing of every day.
I eat Rice last night, some others eat today and you might be next tomorrow, it is just so.
This is the kind of business that young people are supposed to go into with two hands and legs (with their brain too).
The profit potentials of this business are so real that the millions keep rolling as your increase your Rice Distribution Business.
POSSIBLE PROFIT IN RICE DISTRIBUTION BUSINESS IN NIGERIA.
Now, open your eyes to the reality. millions are made daily in this Rice Distribution Business.
Suppliers sell rice to Rice Distribution at the price rate of N15,000 most times less. The distributor sells at the rate of N17,500 making a net profit of N2,500 per bag.
If the Distributor buys about 50 bags of rice and sells them within a month, which is very possible, he will be making 50bags X N2,500 = 125,000 pure profit.
Note The sell more than that bags per month, but we are just keeping it low for a starter with low funds.
IMPORTANCE OF START A RICE DISTRIBUTION BUSINESS IN NIGERIA.
This is one of the reasons Rice Distribution Business is making new millionaires on an annual base. Rich is the food that is widely consumed nowadays.
Out of every ten people one or two if not more most eat rich in a day. this is because it is now a difficult task to prepare.
If a food sensor is carried out you will notice that rice will have the most consumed rate even before care. Out of every ten people, you can get a person that will tell you that he or she don’t drink or eat care product, but not with rice.
HIGH MARKET DEMAND:
Because of the high consumption rate of rice, the Rice Distribution Business has a very high demand.
Rice Distribution Business is a business that is sure to produce a profit.
Over the years Rice uses to cost around N6000 – N9000 in the open market, But due to the recent changes in the country when the importation of Rice was prohibited, rice product has gone so high in price that made people cry.
Why the profit is a sure one is because before the government stops the importation of rice, the local rice we eat was cheaper.
Now, the price has raised but the production price still remains the same, that means the markets are the ones enjoying this New Government rule.
REQUIRES NO SKILL:
Most Business needs skill persons to run them, but this Rice Distribution Business is not like those businesses.
If you can talk you can run this business like a pro and make money with the smallest possible time with learning any skill.
SIMPLE SETUP PROCESS:
One of the major business that makes good money but requires a little effort to setup is the Rice Distribution Business.
You do not need too many knows of the business, just the knowledge of marketing is okay for the business startup process.
Every other thing you will need for the business will be fully reviewed to you by the business itself.
REQUIREMENT TO START A RICE DISTRIBUTION BUSINESS IN NIGERIA.
It will be nice to have a business plan to guide you through the business from start to the hight of fulfillment.
We always advise that you write your business plan yourselves because only you know the hight you will like to go in your business.
Writing your business plan yourself will also help you to do a lot of research on your business which will expose the hidden secrete of your business before you even start your Rice Distribution Business.
If you don’t have time to write your business plan, then make sure you have an expert write if for you.
You can learn HOW TO WRITE A BUSINESS PLAN HERE.
Just like every business capital is needed and without capital, you can not start this business, because you will have to buy the product which is rice then you can sell.
Start this Rice Distribution Business with the sum of N500,000 to N1,000,000 is not a bad start, in fact, it is a good start and it will only show that you are in for a bigger Rice Distribution Business in the nearest future.
This will be the only aspect of the business that you will need to solve a lot of maths and do a lot of prayers.
The reason because you don’t know most of this suppliers and you cannot trade with most people you don’t know these days because of fraud and other this that is happening today.
Some time age there we this new going one about plastic rice and on the internet someone claim that he was defrauded of over N7,000,000.00 with this plastic rice strategy.
He thought he was buying rice of N7,000,000.00, not knowing he was buying plastic.
So, we Advice you don’t trade with anyhow person. You approach any Rice Distribution Business owner and ask the person for their distributors’ details. I think this will help.
Discount here can give you all you will need to get returning buyers, but what about the first time buyers?.
You can make postal showing how much you sell your product and place them in all available spaces in the market (make sure it has your store address and your reachable phone numbers).
You can also utilize the power of social media like facebook, twitter, and so many others.
You can anouce your discount rate in church and any open places that has a lot of visitors.
Please shear this post and comment to let us know what you know and think about this business