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How Do You Start "X" Type Of Business - Business - Nairaland

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How Do You Start "X" Type Of Business by brianblogmoney(m): 12:45pm On Aug 30, 2021
Hello all

Welcome to this exclusive nairaland business topic where I and others would discuss and share

The process of starting various types of businesses from 0 to profitable (maybe).

The idea here is

You tell us your business idea or a business you are looking to start

And I and the other members who are experienced will answer with things like

Initial requirements
Capital requirement
Location requirement
Staff requirement
Sales requirement
Etc

The idea is to get everyone involve in the process of how to grow your idea to something worth doing.

So please feel free to chip in, share your ideas, or bring your own knowledge to help another person's idea.

We will make the rules up as we go along
Re: How Do You Start "X" Type Of Business by brianblogmoney(m): 12:56pm On Aug 30, 2021
Ok so since I started this topic

I believe I should share my own

How do I start X business.

Mine is

"How do I start a speciality fruit business in Nigeria"

This has been rattling in my head for quite a while now.

As it seems fruits are slightly cheaper than food now days.

I have been wondering how I can start, change or reinvent the wheel of selling fruits in Nigeria

Obviously I don't want to start on the road beside a megida and sell oranges while he sells apples.

But I want my fruits to get to those customer who patronize the megida guys as well.

I also want to sell it both offline and online, via app and via home delivery as well.

So this is my

"How do I start X business"

Stick around and I will share my thoughts on starting.

But also feel free to share your experience or idea of thoughts
Re: How Do You Start "X" Type Of Business by waleyp(m): 2:03pm On Aug 30, 2021
Actually I have been thinking in the direction you have been thinking..... But to start a big fruit business... You need to get that spot where you can sell.... I dey reason the idea too..... I'm in ibadan

Aside that how does okada business thrive?
Is it profitable?
For city like ibadan how is okada business like?
Like how much will be the daily take home or weekly down to monthly
Re: How Do You Start "X" Type Of Business by brianblogmoney(m): 9:00am On Aug 31, 2021
waleyp:
Actually I have been thinking in the direction you have been thinking..... But to start a big fruit business... You need to get that spot where you can sell.... I dey reason the idea too..... I'm in ibadan

Wow, glad to hear that Waley

True, finding a spot presents some sort of a challenge

Also there is the problem of competition
with other fruit megida's.

So if I were to start it low key


Low key fruit business


I would actually go at it like them.

I would ask the obvious questions

Where are you getting the fruits.
What's the purchase price
Finally, how much do you sell.

To confirm these I would locate and visit the fruit market and confirm the prices or seek out cheaper option

Next I would seek out possible locations with Ibadan where the fruit megida's ain't readly available.

My target would be be 5 to 6 of these locations.

I would also confirm from these locations, if there is a daily rate for location use.

Now once I have gather all the above

I would seat down and do some validation and cost derivatives.

Here I would ask questions like

Since I will be selling from one or multiple location, I will need to factor

Logistics cost

Cost of the location
Cost of transport to the locations
Cost of Transportation to purchase my fruits
Cost to bring it to my home or location

Before I even begin looking at

Product cost
Cost of fruit purchase

For me the initial logistic, calculations are key before I even calculate product cost and profits.

I will break the calculations Down later on to show way.

waleyp:


Aside that how does okada business thrive?
Is it profitable?
For city like ibadan how is okada business like?
Like how much will be the daily take home or weekly down to monthly

Also regarding Okada business

Aside from purchasing the bike

You have to consider that currentily there are two environments for it to operate within the country

Legally and illegally

Whether you choose to do it legally or illegally

The business boils down to four thing

Location
Daily dues
Fuel management
Finding as many customers

Business is good when in your chosen location, the daily dues are not so much, there are many customers at the right price and you don't spend so much on fuel.

Still, I would like to know

Are you asking about the business for yourself or are you looking at hired purchase
Re: How Do You Start "X" Type Of Business by waleyp(m): 3:49pm On Aug 31, 2021
Well thanks to all you have mentioned.... I will like to go into the fruit business..... Fruit sell everyday especially if you are in a right spot..... Yes competition is there but you can find where or short competitions.... U can sell both online and offline even home delivery..... Well in ibadan the megida are over the places but most of them don't have shops or stores they do it the wheel barrow way.....

Well for the okada thing.... Here in ibadan I don't even know how much they gain each day.... There are some lazy okada men that only do the streets while some can go any length within the city..... Those that can go any length are the real hustlers... They can get more money each day.....
But the question is will I be the one to ride the bike? Answer is No..... So who is even trustworthy that can handle the bike and not even lie about how much he made each day...... I'm not sure the hire purchase might work...... Maybe we can work on percentage or I don't even know yet.....

All I need is an idea of making money weekly
Re: How Do You Start "X" Type Of Business by brianblogmoney(m): 2:06pm On Sep 02, 2021
waleyp:
Well thanks to all you have mentioned.... I will like to go into the fruit business..... Fruit sell everyday especially if you are in a right spot..... Yes competition is there but you can find where or short competitions.... U can sell both online and offline even home delivery..... Well in ibadan the megida are over the places but most of them don't have shops or stores they do it the wheel barrow way.....

Well for the okada thing.... Here in ibadan I don't even know how much they gain each day.... There are some lazy okada men that only do the streets while some can go any length within the city..... Those that can go any length are the real hustlers... They can get more money each day.....
But the question is will I be the one to ride the bike? Answer is No..... So who is even trustworthy that can handle the bike and not even lie about how much he made each day...... I'm not sure the hire purchase might work...... Maybe we can work on percentage or I don't even know yet.....

All I need is an idea of making money weekly

Waley both options you raised are good ideas required to make money weekily

But understand that even when you start, you can't become a super star seller over night.

Its not going to be as you planned or envisioned, but gradually(like life and any other natural order), you begin to grow and steadily rise to the level of sales you want.

You just have to decide on one thing and do your planning and once you have convinced yourself, you move on it.

Also understand that your way of doing a business, may or will differ from another persons approach.

Case in point

The megida's that sell fruit have their way of doing it.

There are sell market women at roadsides who still sell fruits

There are also speciality fruit stores that sell as well

And if you go online, you will find different people selling fruit packages on instagram.

All of them are selling the same products but in different ways.

Thus why you have to decide on your own way.

Same applies to the bike business.


Finally, if you want a business that brings in weekly pay like you want.

You will have to be actively involved in it to see it through, meaning you can't just drop money and expect it to come back with interest.
Re: How Do You Start "X" Type Of Business by waleyp(m): 11:24am On Sep 04, 2021
You actually said it all... I wonder what you studied in school.... So what business are you into?
brianblogmoney:


Waley both options you raised are good ideas required to make money weekily

But understand that even when you start, you can't become a super star seller over night.

Its not going to be as you planned or envisioned, but gradually(like life and any other natural order), you begin to grow and steadily rise to the level of sales you want.

You just have to decide on one thing and do your planning and once you have convinced yourself, you move on it.

Also understand that your way of doing a business, may or will differ from another persons approach.

Case in point

The megida's that sell fruit have their way of doing it.

There are sell market women at roadsides who still sell fruits

There are also speciality fruit stores that sell as well

And if you go online, you will find different people selling fruit packages on instagram.

All of them are selling the same products but in different ways.

Thus why you have to decide on your own way.

Same applies to the bike business.


Finally, if you want a business that brings in weekly pay like you want.

You will have to be actively involved in it to see it through, meaning you can't just drop money and expect it to come back with interest.

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