Cost Of Starting A Tiles Business In Nigeria 2019/2020
- 1 Cost Of Starting A Tiles Business In Nigeria 2019/2020
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Floor tile business is a business of the century as a lot of entrepreneurs have been able to make a lot of money through this lucrative business over the years. In fact, there was a time when everyone was delving into this tilling business, although because of inadequate knowledge about the business, they failed.
New buildings are springing up daily and they need tiles to make the floor. With some connections or luck, you can even land a big government contract that runs in millions. Floor tile business is profitable no doubt, but the most common question is usually how to start this business and be able to record success in the end.
In this article, I’m going to run a quick sketch on how you can start floor tile business and be able to live in financial freedom. If this business is done well, you will never in your life work under any boss or work in any company no matter how big or renowned.
Business Opportunities In Floor Tiles Business
1. Tile Shop
This is done by securing a shop and having all kinds of tiles displayed for sale. In this tile shop business, you will need to be up to date to latest trends of tiles in the market. This will help you to be able to buy the ones that are high in demand in other to record great sales.
Many entrepreneurs in this kind of business usually source their tiles directly from the manufacturers. This is because it is cheaper and more affordable, thereby helping them record more gains. It is better than buying from a wholesaler.
2. Tile Set Up
I think this is very technical and will require you to undergo some training in other to know how to tile a floor. The training can be for a year or even more. However, you must not know this, you can simply employ someone who knows how to tile a floor and pay him monthly.
The only issue is that getting such persons can prove to be very hard. This is because people with such a skill always have a tile business they are running. This type of business also require special machines. With a good business plan, such machines will be made known.
How to Begin A Floor Tile Business In Nigeria
1. Business Plan
This is the first step every entrepreneur must undergo and when this step is skipped, disaster looms around. Your business plan according to many people is your compass to success. It is like a map that guides you to a treasure cave. In my opinion, not having a business plan is like testing the depth of an ocean with both feet. That is suicide!
The purpose of a business plan is to reveal most of the intrinsic and extrinsic part of the business. It helps you with the detailed overview and what you must do to start on the right track.
A business plan answers most of the questions like,
- How much do I need to start?
- What are the materials or equipment needed to run this business?
- Are there any competitors?
- What is my edge in this business?
- What do I need to do different to beat my competitors?
When you know most of these questions, meeting with success becomes very easy and fun to an extent.
Whether you want to operate a floor tile shop or tile set-up, you need a business location for easy meeting with potential customers.
Make sure that your location is situated in a place of high traffic. Also make sure that the road is accessible and basic amenities present. A good business location is always an edge to any business and has been known to be the major factor for business failure in Nigeria and all over the world.
In floor tile business, you need awareness if people must know what you do and patronize you. What are the ways to create awareness for your business? If you have done your business plan well, most of the strategies will be made known. For the sake of this article, allow me to list them below.
- Newspaper advert
- social media marketing
- Business cards
- Online Store
- TV or radio advert
- posters etc.
If most of these mediums are optimally utilized, selling off your tiles becomes very easy.
In floor tile business, you might not be able to do this business alone no matter how sufficient you claim to be. If you must serve more customers, make more sales and record great customer service, you need to employ people who will help with the day to day running of the business. Hire a professional sales staff if possible.
5. Equipment Needed
In floor tile business, a lot of equipment are needed if business must move smoothly every day. In this segment, I will mention some of the things you need in this lucrative business.
- Acquire office tables and chairs for your customers to sit
- A vehicle for easy transportation of tiles whenever a purchase is made
For those in the tile setup line of business, you need special machines. During your training, you will get to know all of them and where to source them.
Floor tile business is a profitable business that anyone can do here in Nigeria and make a lot of money. With a great business plan and finance, this business can be made possible.
That’s the much we can take on the topic “Cost Of Starting A Tiles Business In Nigeria 2019/2020”.
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