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Nairaland Forum / Nairaland / General / Business / Start Your F.M.C.G Distribution Business With N20,000 Initial Capital (61446 Views)
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Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:18pm On Sep 16, 2016 |
jchick: You are so frank. Indeed it is very true that many people are scared of FMCG because the margins are very small. But guess what, I have been in FCMG for a while and I know that while the margins are really small, it is a very worthwhile investment. Food for thought; All the carbonated drinks and beef rolls sold under different brand names in Lagos alone provides a livelihood for the retailers. However for the distributors of these products they have made stupendous wealth from these products over the years. Honestly, just consider that you are a distributor for gala for just a 3 years consistently and all you make is 100 per carton and you sell only 20 cartons per day(very conservative estimate) for 300 days. Please do the math. egopersonified, can you please make an input here? 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Bionica: 10:23pm On Sep 16, 2016 |
This is my luckiest day. This thread is the very best. Thanks goodness you are back. I am following you so closely that if you stop, your whole back will nit just be damaged but wholly destroyed. Keep it up sister, great job. 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:35pm On Sep 16, 2016 |
Newway2: Thanks Oga! This is the pattern this thread must retain. Please stay on the thread and continue with such intrinsic contributions. Garri has quite an appeal. It can also sell if the issue of packaging is addressed. Mallams have been selling Ijebu garri for as long as I can possibly remember. In the UK and other foreign countries where you have well patronized African shops garri has been packaged and sold for some time now. Here in Nigeria, if you visit some malls, you will see some companies displaying well packaged garri for sale. Groundnuts have also been packed indiscriminately and sold in various shapes and sizes. You may wish to recall that before pure water was introduced in mechanically packaged form, we already had water tied in cellophane and sold in schools and other public places. Also, before cowbell took the market by storm, milk was already packaged in cellophane or even measured in containers and sold. All the same thanks Oga Newway 2 for this contribution. We will together review its suitability for this project subsequently. 4 Likes 1 Share |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:39pm On Sep 16, 2016 |
egopersonified: You are too much. Please keep it up. I am even wondering whether you should take over the thread completely. 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:42pm On Sep 16, 2016 |
rose75: Yes I support Rose here. If you are uncomfortable about disclosing what it is you distribute at least give us a hint. Whatever it is has made you stand tall and tower above peers in experience. Kudos girl. |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:01pm On Sep 16, 2016 |
Just before listing the Characteristics/Attributes of the preferred FMCG product we are adopting for the first stage of this product, I would like to tell you my thoughts. In the delineation of the territories that will constitute the initial sales platforms I limited us to areas that have a large population that spreads across almost all the socio-economic strata of the society. This is because we wish to reach as many people as possible and for the simple reason that whatever we choose must be something that begins to yield results almost immediately thus staving off demoralization from the very beginning. Contributions are welcome. 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:02pm On Sep 16, 2016 |
So far we have only one suggestion; garri from Newway2. More suggestions are needed please. |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:14pm On Sep 16, 2016 |
CHARACTERISTICS OF OUR PREFERRED F.M.C.G PRODUCT It must be a useful product that can be used daily. The product must be well packaged both at primary and secondary level. A product that cannot be used twice. A product that cannot be shared by two people. The product must not have a protracted shelf life. It must not exceed 100.00 per unit. The product that can be enjoyed by both children and Adults. The product must be from a company based in Lagos or Ogun State. The product should be reasonably new in the market. It must also be from the stable of reasonably consistent company 5 Likes 1 Share |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:18pm On Sep 16, 2016 |
Can we all review the Characteristics and attributes of the product while making suggestions please? |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:32pm On Sep 16, 2016 |
It must be a useful product that can be used daily. Cast your mind back to your last visit to any hotel whether its a 5 star like the Waldorf or Le'Meridien Brands. The less exclusive ones or the downright seedy ones in the worst slums you can imagine, they have one common streak. When you are being checked in, you must be given some basics like towels, toilet tissue and soap at the very least. Each time a guest uses a room at least tissue and those small soaps must be replaced. So imagine that you are a major distributor for the preferred soap or tissue brand and you supply to the hospitality business in Lagos alone and the profit you are making is just 5.00 on each soap, your only responsibility at that point is to ensure that one way or the other the hotel business is at its peak in terms of business. The more guests that check in the more tissue and soap you will sell. Soaps everywhere in the world are a daily product. I cannot even imagine any hotel no matter how seedy giving you an already used soap or tissue. The very low budget hotels may give you inferior quality soap and tissue but they will almost always be fresh/unused. 4 Likes 1 Share |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:38pm On Sep 16, 2016 |
The above analysis covers two characteristics, daily use and the attribute that it cannot be used twice. Other products abound in this category. One that comes to mind immediately is many satchet products. Examples here may include satchet toothpaste(recall close-up), small pack detergents, cold water starch but to mention just a few. 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Babacele: 12:27pm On Sep 17, 2016 |
Karin001:N600,000 . six hundred thousand naira. hmmm Amicable09 tell that your guy wey wan enter crime after 6 years of being jobless since graduation to come join this thread. from Potatoe chips, Soaps of all kinds, peanut candy which Northerners call 'alewan geida' , egg, Strongbest soft drinks, eczema and dandruff creams, pink lips balm that will make your pet green with envy ,to egg roll and kindred pastries plenty opportunities dey for am to become distributor oooo courtesy of Dr Karin001 ( CEO Practical Business skills In FCMG distribution ). 4 Likes 1 Share |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Nobody: 1:51pm On Sep 17, 2016 |
Firstly i will have to give thanks to pioneer of these thread. Karin i can't imagine writing skills without being know in our social scene, You are write up is like that of Noble Aristotle. I almost spent all my night imagine the light this Super Lady brought in life in the means of darkness my life through her writing, i could have reply back immediate in the middle of the night but my phone screen touch is faulty which am still batting to repair it. i could recollect when you said there is a man that as being praying to God all day and night hoping God to give him a solution while the solution is right there at the top of his noise, i cant stop thinking about it. Lol Most of the great men out there just don't do all day talking but do the do . Like the ruler of Dubai says when they told him oil exploration might end 2016 , He said I CAN STILL BE SITTING DOWN HERE WAITING FOR HELP. however i see this common among our peer groups and leaders who need someone to spoon feed them. Karin & FMCG i have being nursing an ideal thou i may bring it as suggestion for us to debate on it, Ever since my mum brought an handbag to me which comes with 10pound coin hidden beneath it and leather soap from an hotel in Uk. i have kept the sample of the soap which i know for good will be a gold mining opportunity in Nigeria Market, I did measured the leather soap its 11.1gram in weight. If the cost production of this can be 10-15 Naira per one with proper planning, branding and promotion this could generate to billionaire investment in the nearest future, The startup may be challenging because how to source the mode for production. Target customer are hotels across the nation am fully convince these will hit the target market once it can be imitated Your further advise, ideals and criticism is welcome. 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by glamour29557(f): 2:06pm On Sep 17, 2016 |
egopersonified:hello, i just sent u a mail |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Allstrasse: 6:27pm On Sep 17, 2016 |
Hello Karin, I have been a guest on Nairaland for many years. At a time it was a most welcome connection with my fatherland. I must say without equivocation that your essays on business are at the very least most inspiring. For some reason I feel it will connect more with the younger and less privileged segment of our national economy. Your previous thread was simply phenomenal. I hope you will not discontinue it. I have done my homework about you and I am convinced. You are the real Mc’coy. Anyway, I am willing to make a humble contribution here. I will start with something small but grow it substantially. From my observation, there is already some enthusiasm welling up on the thread but I daresay with the price tag of 20,000 as the initial outlay it appears some very earnest ones among your readers may not be able to afford it. On that count I am willing to transfer One Hundred Thousand Naira (100,000.00) to your account as a soft/angelic interest free loan facility to sponsor five people who are genuinely interested in this self-help scheme. This will be a loan repayable without interest within six months. On its remittance this amount will be used to sponsor another 5 people to also find their feet. If at the end of 3 months you assure me that the beneficiaries of the first tranche of 100,000.00 have used it satisfactorily then I will increase it to 500,000.00 thus jumpstarting another 25 people of genuine interest. If the results again impress me I will further increase to 1,000,000.00 at the end of 6 months (end of March 2017). Please note that at the end of the first cycle being 6 months the money will not be returned to me but it will be shared among the two best performing participants on a ratio of 60;40. While I do not request for interest for this investment, I do insist on the money being returned in full and shared in the above stated ratio as as a further boost for their growing business. This shall be an outright gift. I will also charge you with full responsibility for receiving this money, choosing the beneficiaries and supervising their growth and eventual sharing of the cash among the winners. To broaden your objectivity you may seek the opinion from serious contributors to the thread like ego personified, rose75, Hedonistically and way. I would like also to be reading about their experiences right here. You may wish to publish the monikers of the beneficiaries. As a matter of primary importance always have it as a guiding principle that this is an anonymous donation and I demand that it remains so even till the cycle runs its full course. I wish you the very best. I will send you a pm in this regard. Please no PM from anybody else will be acknowledged. 17 Likes |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by egopersonified(f): 8:29pm On Sep 17, 2016 |
rose75: I supply locally bred chicken, I buy them dressed and frozen, stock up and supply. Since we can't make the government fix policies we want, we use the policies they make to work in our favour. I started last year when our borders were closed to imported chicken. I am looking at distributing other made in Nigeria products too. 4 Likes |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by egopersonified(f): 8:38pm On Sep 17, 2016 |
Karin001: You have said it all. The secret is in the volume you sell. I had always wondered how the women selling akara on our streets always have kids in one higher institution or the other, now I know better. 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 8:47pm On Sep 17, 2016 |
Thank you very much Allstrasse! I am indeed overwhelmed! Such inexplicable generosity. Your compliments are deeply appreciated. I am also humbled about your very generous gesture. I have given this very serious thought since I saw your post earlier on. While I consider your offer a very noble and altruistic gesture, I am afraid I cannot be the recipient of the money. Your intentions are apparently above board and probably anchored on your desire of wanting to help people out there. I am also deeply touched by the genuineness of your humility and desire for utmost anonymity. These are deep traits of inward advancement and a desire to better our society, however we all do not operate on the same frequency and as some may end up misconstruing your (and perhaps my intentions). Before commencing this thread, I had assured myself that on no account will unveil myself, take any money, meet anyone physically, take phone calls or project my personal desires via this platform. I do not wish to profit from this thread in any tangible or mundane form. This effort for me is all about HELPING those who really desire and are willing to draw from the experiences of others. Kindly note that there may be people on this thread who may genuinely need this help that you are offering but we don't them yet and how much they need it for sure. I would therefore suggest that you keep abreast with the events and activity on this thread as we continue to update it. Either of three things may happen; 1. We may find a better way of reaching the needy participants directly without going through me or indeed other posters. 2. You may want to sponsor some of your relatives or associates who may need this form of assistance. 3. Or the activity on thread may dissuade you and prompt you to withdraw the offer. On the whole I still consider your gesture as being very noble, selfless and humane. Thank you so very much and do remember please that I mean no offence. 14 Likes |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 8:50pm On Sep 17, 2016 |
E egopersonified: Your responses are vintage. Just wondering how you manage to convince people that they are locally bred? Quick one; Is locally bred the same thing as indigenous or native chicken? |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by rose75(f): 8:57pm On Sep 17, 2016 |
Allstrasse: God!!! Could this be true? Allstrasse, it is very glaring you don't want to be praised, but please pardon me, I just can't help it. You're just wonderful! No one can reward this kind gesture but God will forever bless you. T's already on record. Please note; this is a faceless forum, no one can vouch for another. We scarcely knew one another, hence, I'll suggest we take things in slow strides. Unfolding events MAY determine the next course of action. Thank you so very much. 3 Likes |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by rose75(f): 9:04pm On Sep 17, 2016 |
egopersonified: Thanks sis. for taking out time to respond. A very good eye-opener indeed. May God bless your hustle, and also bless all the newbies. I'll recourse to you whenever the need arises, hope you wouldn't mind? |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by nuel2good: 9:30pm On Sep 17, 2016 |
To say I'm truly overwhelmed with the personalities and comments on this thread would be an understatement. I am keenly following the updates, and further to this course will be implementing the recommendations in my own locality. @Karin001 you may have started out this thread to help out 20 but I dare say the ripple effects will amaze you. @rose75 you are indispensable. Kudos I'm sipping my palmy in the South-east and watching |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 9:37pm On Sep 17, 2016 |
rose75: Just picking my thoughts adverbatim. 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by amicable09(f): 10:28pm On Sep 17, 2016 |
Babacele:Lol @ pink lips balm Babacele you just know how to finish me . No wahala sha but that my guy wey wan join crime dey learn work. He doesn't look to me as someone who can pull a crime string! Him no fit. Rat poison that he sold, he left it and went to read Zig Zigglar's book , he hasn't understood the empirical framework of how things work. Too much theory dey affect am. But I'll mention my pink lip paddy to come here ASAP. cc. Samhay. Coman learn how to make pink lip balm o 2 Likes |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Babacele: 10:54pm On Sep 17, 2016 |
Karin001:when I told you you an alchemy yesterday, you thought I was joking. When I called you CEO did you ever think that the cosmic has already said amen to it? God bless the angel that fulfilled it but I think you need to harvest students from Strongbest 's everyday product schools here on NL. |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by liztop2012(f): 11:06pm On Sep 17, 2016 |
following |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by latestarter: 11:24pm On Sep 17, 2016 |
Karin, I appreciate this thread. I also appreciate your candour, intellect & business acumen. I'm not one that makes frivolous statements. I've been in this forum for quite a while though in & out but I must confess I haven't seen a thread like this. I want to assure you that they are many more people out there who appreciate you & really wonder if you're truly a woman (no gender pun). Please kindly enlighten me on your earlier thread people refer to. I'll like to catch up. I look forward to seeing the fruits of this thread & likely to be one of them. God bless you 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Blackkie: 1:32am On Sep 18, 2016 |
Heheheeee I don enter be that! Am swept off my feet with this. Its wonderful to know that that thread has been useful. Karin001, you must be a James Bond on startups. Am glad you are here and I will give my little aid as much as I can. Talking about businesses one can commence with small capital in the FMCG category, e full ground. The only challenge is stooping low to conquer, my experience with egg distribution has lots of untold positive stories. FMCG business is what Lagos Business School refer to as the Mallam economy. Just have a look at an Mallam shop, everything there is a daily need. But what does the rich Multi-national sell - N20 - N100 items. Coke, Tom-Tom, Indomie, Soap, salt, egg, matches, sugar et al. If the companies behind these items are mega rich, any distributor dealing on it via large numbers is made. My mentor gave me a recipe long ago-until you own and sell an item in multiples of thousands weekly with N5/N10 profit margin on each, you cannot be a millionaire. Karin001: 4 Likes |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by samhay: 3:04am On Sep 18, 2016 |
amicable09: Jeeeez!!! Amicable e yaf finish me, I taut I was forgiven.... If I make pink lip balm wat will now happen? Ahhh.... #sobs out of thread 2 Likes |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Babacele: 5:47am On Sep 18, 2016 |
samhay:pink lip crave abi na craze is a huge opportunity to be tapped into especially in Lagos. And know this secret today that anything that women patronise is always a goldmine. Dele Momodu told me so several years ago when he dedicated an award given his Ovation magazine to women for being the real customers. so find out among your female folks what they think of pink lips abi why you think say dem dey use lipstick especially red one? |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by samhay: 6:22am On Sep 18, 2016 |
Babacele: My Queen dat brought me to this thread is not a fan of pink lip I guess o, maybe for male sha. It af well Amicable, make we start the business na 1 Like |
Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by obyrich(m): 7:26am On Sep 18, 2016 |
Karin001:I love this. I want to share this on my Facebook page. I have a couple of professors and lecturers as friends there. |
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