How Lucrative Is Nylon Business In Nigeria 2019/2020 Pdf
How Lucrative Is Nylon Business In Nigeria 2019/2020 Pdf
- 1 How Lucrative Is Nylon Business In Nigeria 2019/2020 Pdf
- 1.1 The Processes Involved In Nylon Of Production
- 1.2 How To Begin A Nylon Production Business
- 1.3 Other Amazing Business You Can venture Into Today
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Nylon production business is a very lucrative business that anyone can do here in Nigeria and make money. Nylon is one of these products that’s always in demand in daily basics and like expected. Their producers are hardcore millionaires who dwell in paradise in their little number. Nylon bags is used to bag some garbage, shop, packages products etc.
After a little research, I discovered that there are few players in this business, but the reason scarcity haven’t been experienced by consumers is due to the fact that the process of nylon production is carried out by an automated machine.
Take a walk, look around and you’ll discover that nylon is part of our life, we can’t do without it. My grandma ties virtually everything with nylon. That market woman across the street won’t sell if there by no nylon. What about children? They are always looking forward to make a balloon with it.
The demand for nylon is rising and few individuals are meeting that need with the aid of their sophisticated machine. Why not join that wagon and make yourself rich?
The Processes Involved In Nylon Of Production
This nylon production article will be incomplete if I refused to disclose the processes involved when producing nylon.
According to polybags.com, small plastic pallets are melted down under a controlled condition so that they become molten and pliable. They are then pressed through a circular die gap to form a continuous tube of plastic. Polythene bags are made by sealing and cutting rolls of film. Rolls of tubing or sheeting are fed through a machine that draws materials out to the proper length.
With adequate training, you’ll be able to make your own nylon here in Nigeria and make money.
How To Begin A Nylon Production Business
1. Get Trained/Experienced
Like every skill based businesses, you need to gather enough knowledge about the business before you kick off. Not doing that is like setting out to fail. You can gain experience and knowledge by working with a nylon plant of perhaps, by attending seminars and workshops. These are one of the numerous avenues by which you can utilize.
So, get trained cause through your training, yiou gain valuable experience that will one day become priceless I the cause of this business. To succeed in nylon production business, you need both skill and experience.
2. Feasibility Study
Before your start any business, carrying out a market survey is very detrimental if you must succeed. Not doing that is like checking the depth of an ocean with both feet. Through your feasibility study, you get to understand more about your target market like;
- Laundry businesses owners
- Water production companies
- Fashion stores etc.
Also, through your study, the raw materials and machines needed to run the business become known too.
- Master Berg
These are capital assets that the business can’t do without. It’s what’s needed for the daily operation of the business. The entire machine works like a single organism to achieve one goal. In nylon production business, you need them for smooth business operation.
a. Extruder Blowing Machine
If you don’t have enough finance, I would advise you get a local one since the foreign machine cost a hand and a leg. The foreign machine cost about 5M while the locally one is about 1 – 2m. The work of this machine is to convert the raw materials into liquid, then to polythene sheets in other to be molded into the desired density and color.
b. Nylon Cutting Machine
This machine cost around 2M or even more and its purpose is to cut polythene into different sizes and shape.
c. Printing Machine
These are used for customizing or designing the nylon into any design. This is mainly for business that needs their nylon branded with their brands on it. This cost around N1.5M to N3M.
d. Punching Machine
This machine is used to punch holes of various sizes which usually form the handle where it can be held by customers.
4. Business Location
Before you settle for any location, be careful enough to run your analysis to make sure the location is close to raw materials and the target market.
Most importantly, make sure that the roads are good and accessible for easy transportation from the nylon Plant to the market. Nylon production business is lucrative when there’s a free flow of transportation because it encourages fast delivery.
5. Cost Of Start UP
Nylon production business is a capital intensive business that requires over N10M – 30M to start up depending on your scale and geographical location because it varies. Through your business plan, you get to know the exact amount needed to begin operation.
Your startup cost includes;
- Cost of machine
- Cost of raw materials
- Salary of employees
- Miscellaneous expenses etc.
Finally, nylon production business is a lucrative and mouth-watering venture that anyone can start here in Nigeria and make money. With enough capital and a well written business plan, the sky will only be the starting point.
That’s the much we can take on the topic “How Lucrative Is Nylon Business In Nigeria 2019/2020 Pdf”.
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