Are you searching for a business opportunity you can venture into and earn huge profits every month?
This is the right article for you.
Here, you will learn about 7 distributorship business opportunities in Nigeria for you to invest your money.
Becoming a distributor means you are now the middle man between the producer and the retailer or the final consumer.
You stand as the risk bearer. Rightly put, you become your own boss.
This is the ideal business you can invest your money and be sure of making it positively.
All you need to do for a start is to decide the right niche for you and then make a proper research about it.
After making a proper decision on what to sell, you meet the appropriate producer. It’s important you do not buy from any source aside the manufacturer if you want to make some profit.
Many have good dreams of being a boss but their approach to such dreams doesn’t concur at all. This can be mainly as a result of not knowing the exact kind of business to start.
Are you in this category of people? Below are some of distributorship business you can start in the country as of now. Check them out.
Top 7 Most Lucrative Distributorship Business In Nigeria
1: Building Materials
The basic necessities of man includes feeding, clothing and shelter. This makes building materials business to be more lucrative. Even during hard times, people must build.
You can decide to sell either of these building materials: cement, tiles, paints etc. Cement is more profitable and most wanted. No one dares build a house these days without it.
I so much love this business. I pity those that look down on water distributors. Those guys are really making lots of money.
You will agree with me that water is vital in everything we do. It is used for many purposes: building, drinking, laundering, cooking, bathing etc.
You can decide to be a distributor of sachet or table water and consistently go home with lots of profits.
3: Phone Accessories
We all know the world we are in, the World has gone digital and everybody wants to belong.
Selling phone gadgets and accessories can catapult you to the financial level you dream of.
This is so true because on a daily basis, many people are buying different things to either use in beautifying or repairing their mobile phones.
That is the major reason becoming a phone accessories distributor is not just a good idea, but a great one.
Become a beverage distributor and kiss poverty goodbye. Nearly every Nigerian family consumes beverages on daily basis.
In fact, it is one common item you will first notice on the dining table in most people’s homes.
Beverages includes tea, liquor, beer, coffee, and juice- anything drinkable except water.
In Nigeria today, the average man consumes a particular beverage every day. It is in high demand today more than clothing.
So you see, when you become a distributor, you are bound to start making some cool cash every day.
Imagine how much you will make when you become a cosmetic products distributor. That’s because many people especially ladies will start patronizing you every day in order to maintain their beauty.
Examples of beauty products that are in high demand include lipstick, powder, hair kits, cream and lotion, to mention but a few.
The importance of drugs cannot be over emphasized.We take drugs always to stay healthy.
There are drugs that are associated with age that most people in that age bracket always have in their bags.
When you become a drug distributor, other smaller drug stores, clinics and so on, will definitely come and buy from you. That is much money for you.
When you partner with a drug producing company like Juhel and sell most or all of their products, I bet you, your status will change for good because you will buy at a cheaper rate and influence the price as you wish.
When you are in a remote area where residents have no choice, you tend to sell effectively and make much profit. You can even distribute to some hospitals.
7: Soft Drinks And Alcoholics
Soft drinks and alcohols go hand in hand when it comes to big occasions in Nigeria. There is hardly any event taking place in the country you won’t find different brands of these.
Becoming a distributor of alcoholic and soft drinks is definitely one of the best things you can ever do for yourself this year.
What You Must Know Before Starting The Business
Having known the 7 best distributorship businesses you can venture into, it is needful to note the following:
- Acquire the right skills and training
Be sure you are skilled on Sales Management, Supply Chain Management and Business Management before you venture into this business.
It matters a lot and will help you be a top notch distributor and make you stand out.
- Decide your business niche
You cannot afford to put money in a business that will yield you nothing.
Identify your niche and invest in it. Do not sell everything and end up earning nothing.
- Know your target market and customers
When you get to know the people you are selling to, then there is nothing to worry about.
- Create a business plan
A business plan will help you know exactly what to do at every given time. This is because the goal and everything about the business are always featured in the plan. Including the finances.
- Get a warehouse
This is so much vital because the amount of goods you will be having will need a place for you to keep them. You need a secured warehouse where you can always pack your goods.
- Register your business name
This is definitely one of the first things to do when you are starting your distributorship business. Registering your business name with the government will make it legit. People will be able to trust you more.
- Communicate well with your suppliers
It is good you identify who your suppliers will be. Be sincere and fight first to gain their trust. That way, you can get their products on credit and pay later.
Mind you, this might take place after some years of doing good business with them.
- Get sales agents
Yes, you need a sales agent to help you attend to your customers effectively. Employ the services of a learned person to avoid embarrassing your customers.
- Get a vehicle
It depends on your capital, but it is necessary you get a vehicle that will be used for delivery. It will help save you some unnecessary expenses.
In case you need to start up a distributorship business in Nigeria but you don’t know how to go about it, I hope you have learnt one or two things from this guide.