Business Plan For Selling Building Materials In Nigeria 2019/2020
- 1 Business Plan For Selling Building Materials In Nigeria 2019/2020
- 1.1 How to begin Building Material Business
- 1.2 Success Tips For A Building Material
- 1.3 Other Amazing Business You Can venture Into Today
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Do you know why starting a building material business is lucrative? The rate at which people are building houses this time around is alarming. Everybody is shouting that things are hard, but many are busy erecting all kinds of billionaire mansions everywhere. My dear, this hardship is definitely not felt by everyone.
Since more people are building houses this time around, the only logical business that will no doubt make you a millionaire is starting a building material business here in Nigeria.
How can you start this business of building material? What are the things needed to make this business feasible. In this article, I’m going to make all that known.
How to begin Building Material Business
1. Business Plan
First of all, get a business plan on building material business. This is your blueprint in this business and it will help give you all the whole overview of the business.
Not having a business plan is like starting on a journey with no compass. It’s like walking through a dangerous street blindfolded. Before you kick off with this business, conduct a feasibility study, draw out your business plan and then start operation immediately.
2. Your Area Focus
In building material business, there are lots of aspects to handle. You can’t do all, that’s why it’s necessary to focus on one particular aspect. It gives you more edge in this business cause to will turn you to a specialist.
There are aspects like building materials on roofing, plumbing, doors, etc. find
3. Business Location
The location of your building material business matters a lot. I mean, don’t you dare joke with his factor if you aspire success. Find a place, like a timber, or a location still undergoing development. Situating in a place of high traffic is also a good choice. Your business location is the backbone of your business success.
4. Connect To A Supplier
There are lots of building material suppliers in Nigeria. If you don’t know any, take a walk. Get to those who are already in the business and make some inquires on how you can get a supplier. Most entrepreneurs in this business usually order from outside Nigeria like China. Sometimes, it’s cheaper and more profitable.
5. Get a Business Name
What kind of name would you like your business to bear? It’s time to brainstorm for an awesome name and brand it. Make sure the name rings a bell to prospective customers.
Getting a business name isn’t easy as it seems, take your time, there’s no rush. After getting a business name for your building material business, you can go ahead and register is with the CAC.
6. Create Awareness
Initially, your business is unknown until you start employing strategies that help create awareness for your building material business. Utilize platforms like a radio FM, a television channel, Facebook ad, newspaper classified advert etc. these are mediums you can use to boost sales and consequently build a huge customer base.
Success Tips For A Building Material
1. Delivery Truck
Some customers will need a truck to transport their materials from your business location to their building site. By having a delivery truck, you create another means of income and at the same time, making it easier for your customers.
2. Customer Service
The way you treat your customers determines how far you go in this business. When they come in, wear a smile even though you’re being pinched by a needle.
3. Business Card
Nobody should leave your venture without a business card in their palm. This will not only help them remember the location of your business, it can also serve as an advert to some who will come across it. Create a great business or complimentary card and watch your business grow.
4. Employ More Workers
There will come a stage in this building material business when you won’t be able to do all the works alone. That is the time you employ workers to help out. In fact, by creating employment opportunity, you become a real entrepreneur.
Building material business is a profitable business that anyone can do in Nigeria and make money. It’s not technical, although a little bit capital-intensive. This business is among the top business ideas in Nigeria that you can start.
That’s the much we can take on the topic “Business Plan For Selling Building Materials In Nigeria 2019/2020”.
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