Iron Rods as a Lucrative Business

When considering lucrative business ideas that are very easy to start with growth potential, people often focus on oil and gas, food and catering, agriculture, real estate, transportation, haulage services and other businesses which are perceived as with the same lens.
Little attention is paid to other business opportunities in the construction industry apart from real estate. One of the businesses, which are usually overlooked, is iron rod business. Iron rod business is a gold mine of wealth and riches waiting for whoever wills to take advantage of it.

Why you should Consider Iron Rod Business

If you are currently thinking of the business to venture into, these are some of the reasons why you should consider iron rod business.
• Favourable Global Iron Rod Market Dynamics
The global steel demand is growing and has been projected to witness more growth in the coming years leading to 2023. The various factors supporting the demand include increasing infrastructural activities both in the commercial and residential construction followed by increasing adoption of steel in the automotive, electrical appliances, and other end-use industries.
Construction, which is an end-use industry, accounts for more than half of the global demand in terms of revenue and tonnage. With the rise in construction activities in developed and developing economies, the demand for steel is expected to grow more by 2023.

Where Nigeria Stands
The iron and steel industry is a leading sub-sector in the manufacturing industry. Today Nigeria produces 0.11% of global steel.

Construction contributed immensely to nominal GDP in Nigeria. The industry contributed 6.86% to nominal GDP in the second quarter of 2019, and 7.94% in the first quarter of 2020.


• Iron Rod Business is Highly Lucrative.

Iron rod business is very profitable. It does not matter where you start from. For instance, if you do not have enough capital to register with a steel manufacturing company as a dealer, you can be a retailer. The profits you garner from iron rod business sales or supply vary, depending on how much you buy and the location of your business. It is, however, possible to get the products at the best price possible directly from the manufacturers for higher profitability.

• Assurance of Constant Sales

Iron rods, especially, Thermo-Mechanically-Treated (TMT) iron rods are essential and the most used building and construction materials in Nigeria and everywhere in the world. They have revolutionalised the construction process and procedure and cannot be compromised because they help in defining the strength of the structure. They determine the longevity and strongest building structure, help in protecting the building from structural defects, deterioration and crumbling during earthquake as well as other natural disasters.

More so, construction projects are part of the infrastructures needed in any society. Governments at all levels embark on different construction projects, ranging from bridges, roads, drainages, malls, and other public infrastructures while individuals, real estate investors and developers invest in residential construction projects. What does this tell you? Trading on iron rods is very viably lucrative because the materials are always in high demands. This means that there will always be sales. You can trade all sizes - 8mm, 10mm, 12mm, 16mm, 20mm, 25mm, 32mm or 40mm or focus on 16mm downwards which are used mostly in commercial construction.

How to Start Iron Rod Business
Consider the following if you are interested in starting an iron rod business – distributor or dealer, retailer or supplier.

• Plan and Register your Business
No business or endeavour succeeds without adequate and proper planning. Your planning should include your budget and other necessary items you need to start the business. You have to answer the following questions accurately: How much do you have? Which brand do you want to deal in? How many pieces do you want to buy and supply? How do you intend to transport them? Where do you want to locate your business? Who are your target customers? After answering these questions with proper documentation, you should get your business registered with relevant agency. In Nigeria, you have to register with the Corporate Affairs Commission (CAC). Are you pondering on why this is necessary? Well, it will give your business credibility and official status.

• Get a Business Location
Once you have a formidable plan to start with, you should find a good place, preferably a developing area or where massive construction works are going on. The space you will get depends on your budget and the quantity you want to start with.

• Finance and Market your Business
Aside sorting out the location and space, you need to finance your business. The fund should be adequate. Also, think of the best ways to market your business. If you, however, partner with a good iron rod manufacturing company which manufactures a respected brand, you will hardly need to expend much money and time marketing the product.

• Deal in the Best and Most Preferred Brand
Apart from registering your business, another thing that will give your iron rod business credibility and ensure constant sales is to deal in high quality TMT brand that builders, architects, engineers and other stakeholders in the industry know and prefer.
If you reside in Nigeria and other countries in the ECOWAS sub-region, TIGER TMT iron rods are your best bet. There is no gainsaying about that. TIGER TMT iron rods are the best TMT iron rods for building and construction in Nigeria and Africa. They are produced through fully-automated thermo-mechanical treatment and the latest 3D laser technology that give them unmatchable strength and perfect ductility which make them ideal for all types of construction.
They are the most preferred TMT brand for builders and other construction personnel in Nigeria and Africa.

Click here to know more about the quality and features of TIGER TMT iron rods.

• Join Let’s Build Together
Let’s Build Together is a highly innovative online programme which is in a class of its own. It opens doors of lucrative business opportunity for dealers to become authorized dealers of TIGER TMT iron rods and get contacted by homeowners ad construction personnel for business purpose without stress.
It also gives registered architects opportunity to get lucrative business deals online without hassle. It’s absolutely FREE and EASY.
If you want to venture into TMT iron rods, your best bet is TIGER TMT iron rods, the only genuine and most preferred TMT brand. Click here to get started.
Are you an architect? Click here to join for free.

Good morning I have a project at hand I was asked to make supply iron rods
How I go do am to make money from there and where is the best location in Abuja to get good supply of there rods of all sizes