Looking inwards and away or aside importation is one of the best way forward for Nigeria at this moment. I do have a set of business I'll like to venture into very soon. One of these businesses is the crayfish business but before venturing into this business I'll like to know more about it.
I implore gurus in the house to please kindly shed more light on this business.
No amount of information is small.
Thanks.

All i can tell you is that your best source for crayfish is Akwa-Ibom state and ensure you have ready customers to sell to before you sojourn into the biz.... I wish you all the best!
It is a good business if done well.

dawnomike:
All i can tell you is that your best source for crayfish is Akwa-Ibom state and ensure you have ready customers to sell to before you sojourn into the biz.... I wish you all the best!
It is a good business if done well.

Thanks for your info and advice. I'm still gathering necessary details.

Let me pitch my tenth here

dawnomike:
All i can tell you is that your best source for crayfish is Akwa-Ibom state and ensure you have ready customers to sell to before you sojourn into the biz.... I wish you all the best!
It is a good business if done well.

You know more than this but because you want to preserve your business success secrets you threw in these few sentences. If you don't mind me asking, what about transportation from one location to the other, the cheapest option. Do you sell wholesale or retail? how do you get your customers?

travelland:


You know more than this but because you want to preserve your business success secrets you threw in these few sentences. If you don't mind me asking, what about transportation from one location to the other, the cheapest option. Do you sell wholesale or retail? how do you get your customers?

1) The best transportation is by commercial bus or a cabster if on a very large scale.
2) To get your customers, You have to visit your local market to speak with sellers of crayfish who are mostly igbo women. Offer them a good price they can't resist putting your profit margin in mind. Interact with them to have an idea of how much they buy from their source to know your best fit price.
3) Endeavour to sell in bulk rather than retail... A quick constant turnover is always better than a slow large profit margin.

I hope my contribution has answered your question and is of God help... All the best!

dawnomike:

1) The best transportation is by commercial bus or a cabster if on a very large scale.
2) To get your customers, You have to visit your local market to speak with sellers of crayfish who are mostly igbo women. Offer them a good price they can't resist putting your profit margin in mind. Interact with them to have an idea of how much they buy from their source to know your best fit price.
3) Endeavour to sell in bulk rather than retail... A quick constant turnover is always better than a slow large profit margin.

I hope my contribution has answered your question and is of God help... All the best!

Yes, 100%

dawnomike:

1) The best transportation is by commercial bus or a cabster if on a very large scale.
2) To get your customers, You have to visit your local market to speak with sellers of crayfish who are mostly igbo women. Offer them a good price they can't resist putting your profit margin in mind. Interact with them to have an idea of how much they buy from their source to know your best fit price.
3) Endeavour to sell in bulk rather than retail... A quick constant turnover is always better than a slow large profit margin.

I hope my contribution has answered your question and is of God help... All the best!

Thanks for sharing.
Please how stable is the market in terms of price (i.e. price fluctuations)
Also in that area do we have crayfish of various sizes and which size(s) is usually in high demand.
Thanks once again sir.

boniquegalaxy:

Thanks for sharing.
Please how stable is the market in terms of price (i.e. price fluctuations)
Also in that area do we have crayfish of various sizes and which size(s) is usually in high demand.
Thanks once again sir.

Cray fish is more expensive during raining season and cheaper during the dry season... We have different Types of cray fish.
We have the white and brown crayfish. We also have the prawn (more like a red big crayfish sort of). You have to survey your primary market in your location to know which type sells better with the market women.

I hope i was able to answer your question with the above explanation...

dawnomike:
Cray fish is more expensive during raining season and cheaper during the dry season... We have different Types of cray fish.
We have the white and brown crayfish. We also have the prawn (more like a red big crayfish sort of). You have to survey your primary market in your location to know which type sells better with the market women.

I hope i was able to answer your question with the above explanation...

You are highly appreciated sir. Thanks.

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Best Way to Start a Profitable #Crayfish #Business in Nigeria (2022) — For All Prospective crayfish Investors.

Hello investor, yes, that is what I prefer to call people like you who want to explore new opportunities in business and make more money. iwotago…hahaha ��

If you are thinking of what it takes to start crayfish business in Nigeria or maybe you just want to understand how some crayfish sellers in Nigeria run their crayfish business, then this write up is for you.

In terms of profitability, I implore you to consider crayfish business. You can start crayfish business with little capital and make so much money. In this post, I’ll show you how to start crayfish business in Nigeria with little capital.

Before we go ahead, let us first “iron out” some major concerns here first:

Prospects for crayfish business — The question everyone needs to answer is how do I get customers?

That is the major concern of every investor:

-who will be interested in my crayfish?
-Who will buy from me?
-where will I sell my crayfish?

What you need to understand is that since people are already doing this business, it therefore means there is a market for it. All you have to do is locate the market best for you and dominate. Below are some recommended markets for crayfish business which you can leverage on: Fast food; Hotels; Offices/Establishments; Online market places on Facebook, Instagram and twitter; Restaurant; Road side food vendors, market women.


STEP BY STEP PROCESSES ON HOW TO START CRAYFISH BUSINESS IN NIGERIA 2022

STEP 1: CARRY OUT A RESEARCH ON THE BUSINESS
One of the thing to do first is to carry out your own research. Ask relevant related questions. It will help you in the long-run. You were definitely making your own research when you bumped into this article.

Also, carry out market survey or feasibility study. One of the most important steps in starting a new business venture is to understand how it works in your area as well as consumer behavior towards that particular product. You may also ask those who have ventured into it before you for advice on how you can start the business and grow it without facing much difficulty.

STEP 2. Study the business/ Do a market survey
Don’t just jump into a business because you heard it is lucrative.

You need to carry out a thorough investigation to know exactly where to begin and how to run the business.

As for crayfish business, you need to find out the following;

The price of crayfish in the market
How much you need to start the business,
Cost of transporting your crayfish,
How to make as profit, where to buy,
Were to sell, and if you are to export, find out what it requires, etc.
start crayfish business in Nigeria 4
STEP 3: GET YOUR FINANCE READY
Every business venture requires a starting capital and the same is applicable to your crayfish business. Once you have decided that this is what you want to do, then the next step is to make available the finances for the business so as to start as soon as possible.

Tip: You can actually start this crayfish business with zero capital. Yes, that’s a crazy idea, but true. Now lets break it down. Suppose your contacts already knows you and you already have buyers, then you can go ahead to get the crayfish to your buyer, collect your money, then pay your supplier and pocket the profit. Easy right? But you must have one very important trait for this method to work for you. You must be a person of INTEGRITY, as only then will you earn the trust of people and they can give you items on credit. IT WORKS! Just be a man of your words. SIMPLE!

STEP 4: GET A GOOD LOCATION FOR YOUR CRAYFISH BUSINESS

Although, this is not a must if you are just starting out and have contacts already. Your house can be your location.
But if you plan buying much, say from 10 bags upwards, then you have to look for a very good location for your crayfish business. A strategic location for your crayfish business can work wonders for you. Large markets are great places to look out for when you want to secure a shop for your business. Bus tops in your area or junctions.

STEP 5: FIND A TRUSTWORTHY CRAYFISH DEALER

In order to stay afloat and remain in the crayfish business, it is very necessary that you get a trusted dealer that will supply you with the particular type of crayfish you need to sell to your customers and ensure that they deliver to you in time so you don’t run out of stock. Also ensure that your dealer gives you stock at the right price.

Tip: Try and get more than one dealer o to avoid stories that touch. We are all humans. And we are bound to fail sometimes.

STEP 6: DISTRIBUTION OF YOUR CRAYFISH TO YOUR CUSTOMERS

This is the new era, and to stay in business, you have to do what others are not doing. As you want to start your crayfish business, you have to plan ahead. Strategize.

Some of your customers may not have the time to come to the market to buy your crayfish and as such, it is up to you to deliver the product to them at an agreed location. When this happens and they have placed an order, try as much as possible to deliver on time to build relationships with your customers. When doing this though, work with wisdom, never go to places that you are not sure of, or places you suspect are dangerous and if this is so, you can agree on another venue with your customer that you are okay with for delivery. Also you must not do it yourself, contract a delivery personnel. Customer just have to pay a little extra for the convenience taken off him.

STEP 6: ADVERTISE YOUR CRAYFISH BUSINESS

By advertising your crayfish business, you would be boosting your sales and equally ascend your business to the next big level. Lack of exposure for your crayfish business will subsequently, gradually lead to its extinction.

Harness the power of social media. Strategically make post in market places where your crayfish is needed. If you do it right, you might not even need to pay for any adverts. Word of mouth and organic reach is enough to get you the desired sales. “If your crayfish fine, people go look for you, na dem go de rush you…lol”

I don’t buy into some ideas that talk about using Tv, radio, newspaper, flyers and send bulk SMS, email. If you are just starting out, avoid this methods o, you will just end up burning your hard end money for nothing. My personal opinion though.

Try and build trust first, and every other things will be added unto you (Integrity Chapter 11 vs 5)


Other things you need to do to start a profitable crayfish business here in Nigeria is to:
Set your business plan:

A crayfish business plan is very important to your crayfish business especially if you are planning on investing huge capital into the business or you are planning on doing the business for a long time.

Your crayfish business plan will be written depending on the capital you have at hand or how big you want to start. Do you want to start as a wholesaler or a retailer or do you simply want to be an exporter?

All this will determine how the crayfish business plan will be written. You can write the crayfish business plan yourself or simply employ the skills of a professional business plan writer to do it for you at a price.

Register your business. Get a Registered business name
For more credibility, It’s very important to register your business with Corporate Affairs Commission (CAC) as your it grows.

Doing this has a lot of benefits. Everybody might know you with a particular business name, for example Crayfilicious. But my dear, if someone else go ahead and register that popular business name of yours before you, sorry is your name o. Do the right thing.

...More profits to us o...bai bai for now