How To Start Up A Wine Shop In Nigeria | Wine Business Ideas
- 1 How To Start Up A Wine Shop In Nigeria | Wine Business Ideas
- 1.1 How to begin A Wine Store Business In Nigeria
- 1.2 Success Tips In Wine Store Business
- 1.3 Other Amazing Business You Can venture Into Today
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Have you been looking for a guide on how to start a wine store business in Nigeria? Then you’re not alone. The last wine store that I visited was the most beautiful there is. The lightening was superb and the shelves well placed, the air condition and the calm scenery made me want to buy all the wines there. Apart from all these luxuries, is this business a lucrative one?
Starting a wine store business in Nigeria is an awesome business idea that can ultimately transform your financial life for the better, this is because the demand for wine is high due to the class it gives to its buyers. This business is capital-intensive, depending on the scale you want to begin in. For the purpose of this article, allow me to guide you on how you can start a wine store business easily here in Nigeria.
How to begin A Wine Store Business In Nigeria
1. Impeccable Knowledge
Before you can start a wine store business in Nigeria, you need to know all the nitty-gritty of the business. You need to know the contents, compositions, prices, customer preferences, brand, year and so many other information that will help you stand out as a professional in this wine business. Other information such as target audience, startup capital, demand etc. will help you draft out a good business plan.
2. Legal Consideration
In most countries, some certain type of drinks isn’t for specific set of people, like the underage. There are also permits which you’ll need to have before you’re allowed to run a wine store business.
Although such laws aren’t common in Nigeria, but there’s no harm in conducting a research on that angle and being sure of yourself. Make sure you meet all the legal requirements before you start operation.
3. Business Location
The success of your wine business is largely influenced by your location and because of that, you need to make proper arrangement, making sure you get a space that is in a good environment, with potential customers foots away from your store.
Some quick signals to look out for when choosing a location is, heavy pedestrian traffic, good road, access to social infrastructures like electricity etc.
4. A wine Supplier
Starting a wine store business is profitable and have made a lot of their starters millions of naira. However, you will be able to make such figures depending on your wine supplier.
Buying directly from manufacturers is good and advisable because the price is usually cheaper. Some big wine stores prefer to order from AliExpress.com, this is done if the business is buying in large quantities.
After you have gotten a space, ordered some wines from the manufacturer, the next step is launching the business and starting operation immediately.
This is also the stage where you start marketing your wines through social media marketing, print media, television channels or radio stations, fliers, posters etc. Awareness is what follows immediately the business is launched.
Success Tips In Wine Store Business
1. Customer Service
Your service to your customer is of utmost importance. Customers’ needs to be treated well and like a king. Get this wrong and you won’t see them again.
2. Attractive Space
Your store must be top-notch. What am I saying? It has got to depict of class and luxury if you must attract big personalities who are capable of even buying the whole shop. Have an air-conditioner, wall television, air freshener, calm lightening, beautiful wine shelves and chairs for tired customers to sit down.
Who are your target customers? What’s their salary like? Are you close to them? This will have a huge impact on the price. Some individuals will prefer to go for cheap wines, while some individuals are scared away from anything cheap. What’s your plan?
4. Online Store
Having a physical wine store isn’t enough, you also need an online store to compliment your earning and to serve more customers. With an online store, your wine store business is 24/7/365 open. All you need do is make deliveries whenever an order is made. With an online payment gateway, payment becomes automatic, fast and safe.
A wine store business is a lucrative business that you can start today and make a lot of money in return. If you’re in a good business location, making millions in a month becomes very realistic. Do you know that some wines cost over N50,000? Depending on your business scale, your financial status will never remain the same with this business.
That’s the much we can take on the topic “How To Start Up A Wine Shop In Nigeria | Wine Business Ideas”.
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