Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,349 members, 7,819,244 topics. Date: Monday, 06 May 2024 at 01:15 PM

Karin001's Posts

Nairaland Forum / Karin001's Profile / Karin001's Posts

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (of 15 pages)

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:29pm On Sep 28, 2016
goldman777:

Well doctored and engineered scam no wonder it took you long to get to the point i like d way you hipnotize your readers to fall for this grin

Coming a bit too late in the day, but finally here all the same.

I expected this a long time ago.

I will nonetheless continue unperturbed. I will strive to take this project as far as I can go or as far as some people still appreciate it. I reiterate that at no point will you be asked to make payments to me.

No bank account publishing and my position to remain incognito is now irreversible.


I console myself with the dictum about silence being the most appropriate response in this circumstance.

2 Likes

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 1:28pm On Sep 28, 2016
lexaydfg:


I'm interested in participating in this project, as earlier stated. My areas are around alimosho LGA... Iyana paja, ikotun, isheri-igando, egbeda, lasu etc. Atleast for now I will start with this areas, starting from my locality.

There are lots of schools, banks and shops to visit in this areas. We can use this places to test run the project for now before expanding to other areas in alimosho.

Lexaydfg, Your preferred territory will have to exclude territories already allocated to others. Iyana Ipaja to Ikotun is too far for the volume of business we are going to do.

Please concentrate around Iyan Ipaja and let us know where you can add territories so that there is no conflict amongt participants. Kindly advise us as per where we can add to Iyana Ipaja.
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:15am On Sep 28, 2016
latestarter:

Residential area: around First Bank close to Berger Main Bus stop

Latestarter you are a person of tremendous goodwill.

What do you think?
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:13am On Sep 28, 2016
estwhile:



Actually, I stay just behind Ajao estate, in oke-afa. The settlements close by are Ajao/aswani ,ejigbo, Isolo, Jakande estate.

To be candid, I'm a bit new here but I've been seeing more of private schools.
Since I visualize the business model being a lot viable in govt schools than private, My plan is to sell enough private schools and public as well, while hoping that the nos of private schools would help boost sales. I intend going around today in search of more govt schools though.

If you're considering including another, I'll advise you give him/her Okota and it's environs, since they're not within a short distance.

Also, i understand your view on "Ajao estate", if you believe it'll be better to assign it to the person in mafoluku, you might need to add aswani to prevent a clash of regions in the future.


Please do not visualize the business model as being better in Public Schools. That is not a proper picture.

In some places It could do better in Private schools and other non-school arena. Just follow it step by step and you will eventually get an understanding of what fits your local peculiarities. Please take the Ajao Estate as yours too. Ajao estate is across the Airport freeway and should be together with Aswani.

Fellas, please read his post again. This is the substance of true greatness. his is a guy I can bet will do very well The boldened explains all.

He is taking action; He is taking action by going out there to do a survey of his territory.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:03am On Sep 28, 2016
debbydee:


I am based a gbagada new garage and i believe that this will benefit the populace there.

thanks for the response.

That is a very good area. We will get there soon. Just exercise patience and allow the picture unfold further.
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:01am On Sep 28, 2016
AstuteJay:
I will be willing to let go of that territory for latestarter. Though I reside very close to Grammar school but may consider aguda/ogba axis.

AstuteJay, you are indeed astute.

Your gesture is just as noble as it is selfless.

I read your posts with goose pimples. Such a gesture can only come one truly noble.

You are really wonderful.

I think it will only be justifiable to concede the entire Ogba, Aguda, Okeira, College road, down to Akilo road, Wemco road to you.

Please work with the public schools in mind especially the ones on College road and the ones within the LSDPC Estate; low cost and medium. That is another large market.

Once again thanks for exhibiting this nobility.

Its a great feat.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:32pm On Sep 27, 2016
latestarter:
Karin,

I can't stop thanking you because you keep making sense.

While we're on area delineation, there's someone in my area, AstuteJay. How do we go about it so we don't clash in the field and reduce our margins? Our turf is Ojodu Grammar Sch/Berger Bus Stop

Following keenly for further details

Latestarter, we will review the Ojodu axis tomorrow. I will think through the way out and proffer suggestions. You guys can also help out. Also, don't you think that the stretch from Ojodu to Ogba is a bit too much for one person? I was more interested in Ogba being separate from Ojodu Berger.

The Babs Fafunwa School is a major attraction.
Lets put our heads together in this respect tomorrow. Can we resolve this issue tomorrow. Can other posters contribute here please.

Latestarter and AstuteJay tell us their residential locations/communities.

Please no addresses; just your area in a broad sense.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:22pm On Sep 27, 2016
rose75:


Action time!
I'll colonize Ketu,Ojota, Ogudu, Maryland and Ikeja, by God's grace.

-Since I'm still starting small, my focus in the interim will be on roadside shops, hawkers at the bus stops/ Maryland traffic and kiosks, when the products gain acceptance, then I'll hit the schools where there WILL be higher demand.

I wish to concentrate first on vendors in public schools 'cos I wouldn't want the private schools' protocols to dampen this awakened spirit of mine.
[
b]Target Market (draft).[/b]

1: Ojota Primary School Complex housing:
Ojota Primary School
Emmanuel high School
Estate Primary School

2: Ojota Senior/ Junior Sec. Schools
3: Ogudu Senior/ Junior Grammar Schools
4: Maryland School Complex housing:
Immaculate heart Senior/ Junior Sec. Schls
Mende High School and others
5: Command Day Sec School Ikeja
I will go beyond these on the long run.


rose75 had indicated interest in attending to the following areas;
Ojota Primary School Complex housing:
Ojota Primary School
Emmanuel high School
Estate Primary School

Ojota Senior/ Junior Sec. Schools
Ogudu Senior/ Junior Grammar Schools
Maryland School Complex housing:
Immaculate heart Senior/ Junior Sec. Schls
Mende High School and others
Command Day Sec School Ikeja

I will go beyond these on the long run.

I think that going by the delineation we are doing now, I suggest that you deal with the entire stretch of Ojota–Ogudu Road and then deal Ogudu/Orioke. If you still think that you can go beyond there then we could look at the possibility of a realignment. Maybe we could add Maryland but honestly I thing that Maryland is too expansive even for three people.

Maryland can actually be fed by three people and it may still be difficult to cover. there is the Onigbongbo axis, the Mosimi/Maryland Estate side and the densely populated Mende which includes the Catholic settlement and the schools and offices therein.

Please post and let us know how to proceed therefrom.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:15pm On Sep 27, 2016
MnenaSadiku:


I'm also in the Alimosho axis comprising Egbeda, Gowon, Okunola, Shagari, Abesan, Baruwa, Ayobo and it's environs. Thanks.

Yes Madam, I agree with you squarely.

I understand that your coverage does not include Akowonjo, Shasha and Idimu.

Please confirm. I will also like to know if you can actually cover the entire area by yourself.

Please state in clear details drawing on your experience so far.
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:12pm On Sep 27, 2016
estwhile:



I believe you've done a good job so far in mapping out the regions.

My fear though, is a future clash with the individual that's to take up Ajao estate if I'm to work Aswani, since both regions are side by side.
I'll suggest you take both areas as one (either they both go with Oshodi/mafoluku OR Isolo).

But in as much as I don't want to come across as self serving, I have to remind you that Ajao estate is in Isolo and not Oshodi.

Do Correct me if I'm wrong

Thanks

Honestly, you have made my day. This is the type of corrections I see. I cannot claim to know Lagos that well but what I was using as my delineation basis is not local government areas. I was looking at contiguity. But you have made your point. It is easier to access Ajao estate via Aswani road through the new Domino Store than via Oshodi. My apologies. But before I modify it in the post, I would like some other suggestions/opinions.

Meanwhile Oga Estwhile, don't you consider your territory rater overwhelming? The sheer geographical outlay is quite intimidating. Would you like to tell us your area and what approach you will adopt to cover this much ground? It will be interesting to know.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:11pm On Sep 27, 2016
estwhile:



I believe you've done a good job so far in mapping out the regions.

My fear though, is a future clash with the individual that's to take up Ajao estate if I'm to work Aswani, since both regions are side by side.
I'll suggest you take both areas as one (either they both go with Oshodi/mafoluku OR Isolo).

But in as much as I don't want to come across as self serving, I have to remind you that Ajao estate is in Isolo and not Oshodi.

Do Correct me if I'm wrong

Thanks

Honestly, you have made my day. This is the type of corrections I see. I cannot claim to know Lagos that well but what I was using as my delineation basis is not local government areas. I was looking at contiguity. But you have made your point. It is easier to access Ajao estate via Aswani road through the new Domino Store than via Oshodi. My apologies. But before I modify it in the post, I would like some other suggestions/opinions.

Meanwhile Oga Estwhile, dont you consider your territory rater overwhelming? The sheer geographical outlay is quite intimidating. Would you like to tell us your area and what approach you will adopt to cover this much ground? It will be interesting to know.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 3:42pm On Sep 27, 2016
debbydee:
karin 001

good morning
you are doing a wonderful job i must confess. From the areas covered i did not see gbagada or maybe i skipped it. please clarify.

Good observation.

Gbagada was not in the original schematics. We had planned to start small and grow this model while learning from the experiences so that new areas and participants would would benefit from our experiencing.

Secondly, I suppose it's also nice to hear the Gbagada people requesting for this directly.

I could add that Gbagada would also benefit soon and my delineation of Gbagada would be for two participants; Medina Estate(NEPA/Deeper Life side) and the Charly Boy side which would extend to the precincts of Somolu and Bariga.

We will get there.
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 2:01pm On Sep 27, 2016
I need responses before we embark on the next territory delineation. I prefer doing them this way and as we conclude we move to the next. Your suggestions and and comments please.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 1:59pm On Sep 27, 2016
As earlier stated, this is the list of areas that should commence this model on Tuesday next week.

Oshodi;
Mafoluku,
Airforce Base
Sogunle
Ladipo,
Bolade,
Charity

Ikeja
Cantonment
Ikeja Central/Computer Village
Anifowoshe
Oregun
Alausa
Maryland/Onigbongbo/Mende

Ketu
Shangisha
Ikosi
Demurin
Ojota
Ogudu/Ori-Oke
Alapere
Oworosonki

Agege
Dopemu
Cement
Mangoro/Capitol
Agege Central
Ogba/Okeira/Aguda
Ojodu -Grammar Schl/Berger

Alimosho
Egbeda
Akowonjo
Ipaja
Iyana Ipaja
Shasha



I think Erstwhile was the first person who chose an area indicating that he was interested in operating in the under-listed areas;

Oke-afa
Ajao estate
Oshodi
Mafoluku
Cele
Isolo
Aswani
Okota
Ejigbo
Ikotun
Egbe
Jakande estate
Ijegun

I suggest that you concentrate on the following areas at least in the beginning.
Oke-afa, Cele, Okota, Isolo, Aswani and any other surrounding area.

I think that beyond this your expenses will be too much and you will also dissipate too much energy as the entire area as you listed out is quite vast and it will wear you out.

I think another participant can take Ijegun, Egbe, and Ikotun.

A third newbie can deal with Mafoluku (including Sam Ethan Airforce Base and all the schools therein, Ikeja) and Ajao Estate. This is a large territory and covering it will take a lot of effort.

Oshodi is the bomb.

I don’t think just one person can cover the entire Oshodi, I would prefer that one person covers from P.W.D Bus Stop through Sogunle, Ladipo and down to Bolade and Oshodi before the bridge [/b]while another person will cover the stretch from[b] Oshodi Bridge towards Mushin as far as FIRRO junction and down to Charity and the Nigerian Armed Forces Resettlement Centre..
A third person can take the remaining Oshodi flank from and including the Ikeja Cantonment down to Ilupeju and through Industrial road back to Oshodi Central.

That is how far my understanding of territorial delineation goes.

Please can we have comments/suggestions that will probably perfect my this my unprofessional attempt.

This will enable us complete this and move to the next phase which will include the pricing, profitability analysis and procurement of exclusivity procurement. We will also discuss the finer details with the three companies and then we will prepare for trials on Tuesday.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:29am On Sep 27, 2016
Rose 75, you will not kill me with laughter. Each time I remember the bolded I just laugh my head off. You have a wonderful way of putting very serious information across without causing friction.

Oga, Latestarter, you are very simple and modest in your rendition. I find in you a great man that is just waiting to overcome just one more hurdle. All your analysis has significant value but let’s face the reality of the situation. You just have to start something. I am thinking seriously of how to help you and whom I can introduce you to. I will make a suggestion to you before the end of the week. I may not mention it directly but if you read closely my posts carefully, you will get it easily.

About the email/whatsapp exchange, I will give serious thought to but I cannot promise at this time. I really would like the first set of people to get on their feet first.

But may I quickly state here and emphatically so that I do not incline to the thought that you should only start a business with money you can afford to lose. That for me is preposterous. This is my personal opinion. If you should invest like that what will be the driving force? At your age and with your experience and liabilities you cannot also afford to stake everything you have in one business. However, my advice is that if you are significantly risk averse, then invest in one thing at a time, nurture it to some stability and then invest in something else.

I cannot also assure you of your ROI and period of incubation. These are relative factors and are predicated on dynamics that are peculiar to the individual, his circumstances and thrust.

In the course of this thread I will post a projection of what your returns will look like within a three-month period conservatively.

I will also eventually show you what it can transform into within six months and in one year. These are not static but dependent on the individual, his input and his strategy. The only similarity here for the majority of people will be the initial capital outlay; which is 20,000 or less.

The gestation/incubation period will depend on other variables like demand, sales aggression, population density of the territory among others.

Details of the operational modus will be published by Thursday morning. but today we will review the territories again.

I am already working on some identified companies for doughnuts. I will revert on Friday. We will commence officially on Tuesday and I will explain in full detail how intend we will proceed.

The centralized sourcing appeals to me because of the exclusivity clause. I will however highlight later today what I think the prouducing company will look like in terms of character and capacity.

Finally Oga Latestarter, permit me to say that your ability to guide a company away from failure is as good as being able to lead an enterprise to greater heights. Both mean the same thing.

A little tip on your book; make it a sequel. Ensure that it has an e-equivalent.

Newway2, I keep wondering which bush you relocated to and what could attract you to a bush that has wonderful Internet connection and electricity.

Please don’t hide it from us. We need more people in the bush to help depopulate our cities and towns.

5 Likes

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 2:27pm On Sep 26, 2016
So many wonderful posts.

I will comment later. Its really wonderful to know that we have people committed to help themselves.

I hope my next series of posts will address all the concerns expressed above.

2 Likes 1 Share

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 2:22pm On Sep 26, 2016
Wonderful Post.

Maturity and experience combined in one post.
I am really touched. I will give serious thought to how I can help you.

I still prefer to remain anonymous. I suppose other posters will also think along this line.

rose75 and others kindly consider.

Meanwhile, I will respond to your post later today. Ditto to other posts.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 12:09am On Sep 26, 2016
mukhcech:


Well done Karin. In addressing transportation cost. pls I only have Abuja and Ibadan as a possible location I can source the product from and bring it to Kogi state .pls does your fmcg companies have branches in this cities? thank you.

I promise to check which company you can deal with.

The company must have a depot or a branch. dealing with a distributor will reduce your profitability. Just give me sometime. A week at most.
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:33pm On Sep 25, 2016
stainlex:

Kind sir,
I'll piggyback on Karin001's opinion and would ask that you really think about how your diurnal expenses wouldn't affect your operational costs. Personal expenses can kill the business from the very beginnings! If you figure out a way around this, then I think you're good to go. But then, you're the captain of your ship and would be in the best position to judge.

Karin001,
Thanks for your wonderful work. This is the first time I'll come across you here (not that I'm regular myself) and I must say you had me at 'Start'..I'm here on behalf of a sister who just finished her N.D. I dissuaded her from spending 40k on a new phone (she'd been saving for weeks) and persuaded her to start something with it (since it was more than enough for many who presently don't have it). We've been brainstorming for days and I came here for answers before the little spark I managed to create dies in her. She resides in Saki (Oyo state) and I want to believe the snacks business will work here but I'm not so sure about the buying psychology of the target market in terms of profligacy or parsimony (which I think is very important here). Does it really matter in the snack business? Penny for your thoughts please.

Shaki is a reasonable town in Oyo State. the population is more agrarian as far as I can remember. The buying nature of the greater part of the population will be naturally parsimonious. I really cant say that the snacks won't sell but the major challenge she will have is getting it there without incurring too much logistic expenses. I am sure that if it gets to her with minimal transportation costs, she will be able to make enough profit even if she sells primarily on at the Saki-Sango Thursdays market.

On the whole you have given her great advise. If she cannot deal with the chin-chin from Lagos, she glean from this model and seek out something to sell from a neighbouring city like Ibadan, Oyo, or Ogbomosho. That is the most important consideration.
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:43pm On Sep 25, 2016
latestarter:
Karin,

Thanks for your updates. My internet connection was down for a couple of days so I couldn't follow immediately but I've caught up with all comments.
I want to state that I'm in OJodu-Berger axis and will cover the over 5 grammar schools in the area with the main Berger bus stop. I see prospect in the business but like you commented, I'm a bit skeptical about whether it's beneath me and will yield returns to support my responsibilities.

I'm actually in my middle fifties and have lost a white collar job with three kids about entering into tertiary institutions and I'm wondering if I will meet my responsibilities if I spend my time on this project.

I was actually in the process of forming a business club where I could source money and give soft revolving loans of not not than N30,000 to market women quarterly at 10% interest. There's also the option of snail or piggery farming and I've been attending seminars on this. My head seems to be revving with ideas and I'm asking myself to apply breaks.
However your FMCG is intruding into my subconscious but returns on investment and status as challenges.

Please your comment or any other person's (like rose75) will be welcomed.

Keep up with this great job. I foresee someone contacting you as consultant for an amazing model


The business is not really beneath you as such.

First of all, I must tell you that I belong to the school of thought that no business is too big or too small for any individual. It is the model that you adopt that is the real deal.

Now we are talking about donoughts and chin-chin sales here. We have also mentioned a variety of other snacks that are a fast moving. I must confess that this thread will hold more appeal to the young, energetic ones who are not yet so accomplished. And people who have collapsed, and now have a need to rejig their lives from foundation to DPC and then to groundfloor and rebuild from there. Thus the emphasis on a very small initial capital.

For a ‘big’ white collar experienced man/woman, trying to convince a Mallam in a broken down kiosk will appear a bit awkward or don’t you think?

Going into schools and talking to the vendors who are selling food in schools might elicit some grins. Again, your operational costs may also be quite high because your car will be deployed to start and run this exercise. you cannot really do it otherwise. And then you are a man with a complete and intact ego. Perhaps, a woman in your shoes would probably fare better.

Again, the profit margins will be too low for a man with your experience. Just imagine that on the first day all you sell is 5 bags of doughnuts and your profit for that day is less than 1,000 Naira, I don’t see you having the impetus to continue.

So, the model as adopted here will not suit you.

As a business however, snack sales and distribution is not beneath you. Other models exist that you could design and implement and it would excel beyond your very imagination.

Someone mentioned the idea in a post above and it really got me thinking. There was this guy who was considering selling donoughts produced close to his shop in Kogi.

At your level, you cannot earn peanuts. Any business that doesn’t give you commensurate returns and immediately too will bore you first of all before bringing exasperation.

With your education, professional experience and money sourcing ability I wouldn’t go selling donoughts but what I would do is to create a sales company of young, agile and intelligent people and groom them as a sales force, to further ensure success.

I would then get exclusivity from a good products company for a particular area and then deploy my team and supervise them carefully. A Supervisor could be employed to ensure that they are appropriately supervised and monitored. The schools market/niche would be created by the supervisor and then products supplied. You will then be saddled with the task of daily accounts reconciliation and searching/identifying new products to introduce into the market via this sales force which you would continually groom and expand.

But that is strictly my opinion

Finally, you mentioned in passing that your head is revving with ideas. That can sound good but don’t be too happy about it. Ideas in a society such as ours and indeed everywhere else are very cheap. Just about everybody has a lot of ideas especially when idle or in between activities.

Please choose one idea and take action on it.

As a parting shot please note that the less engaged you are the more ideas you will have.

It’s just a natural in the scheme of things.

Again, this is just my personal take.

I hope you take this in good faith.

I really do mean well.

Other contributions are welcome.

5 Likes

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 9:56pm On Sep 25, 2016
latestarter:
Karin,

Thanks for your updates. My internet connection was down for a couple of days so I couldn't follow immediately but I've caught up with all comments.
I want to state that I'm in OJodu-Berger axis and will cover the over 5 grammar schools in the area with the main Berger bus stop. I see prospect in the business but like you commented, I'm a bit skeptical about whether it's beneath me and will yield returns to support my responsibilities.

I'm actually in my middle fifties and have lost a white collar job with three kids about entering into tertiary institutions and I'm wondering if I will meet my responsibilities if I spend my time on this project.

I was actually in the process of forming a business club where I could source money and give soft revolving loans of not not than N30,000 to market women quarterly at 10% interest. There's also the option of snail or piggery farming and I've been attending seminars on this. My head seems to be revving with ideas and I'm asking myself to apply breaks.
However your FMCG is intruding into my subconscious but returns on investment and status as challenges.

Please your comment or any other person's (like rose75) will be welcomed.

Keep up with this great job. I foresee someone contacting you as consultant for an amazing model


Thanks for the compliments but even more thanks for your frankness. This really awed me. And I hope you will not be offended if I am outright frank with you too. I hope you don't mind.

Sir, while you can appropriate the benefits from th knowledge in this thread, permit me to say that this business model is not really for you.
I will give a few reasons for my position. I am sure rose75 and others will air their opinion too.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 12:15pm On Sep 24, 2016
rose75:


There she goes again!
You know how to make someone's head swell, even when empty.
Thanks all the same.


I'm a bit sceptical about starting with doughnuts immediately, would rather prefer introducing it when I've gained the market. Since you said it's up to two years you dealt on it, the "change" may have bruised it a little, don't you think so?

I'm also considering plantain chips, spiced ones preferably.
What's your take on these?



You have a good idea here but before you decide what to do or not to do kindly give yourself the benefit of doubt by selling both the doughnut and the chin-chin simultaneously. Be advised however to start them in very small quantities. i think on your first outing you shouldn't buy more than 2 bags each. Drop the chin-chin at home and make sure you sell off the doughnuts immediately. You can even ask the company to pack them for you in smaller (beginner)packs just to ensure that you get feedback and then decide if it is worth your while or not.

From my own experience the doughnut sells faster than the chin-chin and the risk factor while appearing high because of the shelf-life volatility also ensures that you are perpetually on your toes.

In reading your earlier post on how you want to op about it I will advise that you reconsider going into the schools later and actually start marketing the schools immediately. This is a whole market in one location. take the product to them and establish it there in your name.

Finally, whatever you do in this effort, try everything possible to keep fear at bay. Fear of not succeeding has kept many otherwise very potentially successful entrepreneurs from venturing forth.

Plantain chips is also a very good one and very fast moving. You could actually combine them effectively. More on this later.

2 Likes

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 11:07am On Sep 24, 2016
mukhcech:



Due to my location and region, em not sure the doughnuts will push through. so I was thinking if I can replace it with peanuts which I have a person who is into its production. Would you rather stiill recommend the doughnut and Chin-Chin.?

Location please!
Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:31am On Sep 24, 2016
rose75:


Good!

Consider the underlisted:
1: quality;
2: 'sellability' of the doughnuts; what's the demand like?.
3: durability; how long can it remain fresh?
4: availability, not after working hard to build your customer base, you'll be disappointing them with stories.
5: Packaging, how attractive?



Thanks, you are a just wonderful. Sometimes I am inclined to think you are actually 75 years old as depicted by your moniker, but that couldn't be true could it?

I just wish to add one important note here; doughnuts do not have a long shelf-life. In the ideal setting, they are produced for immediate consumption and may not last beyond 3 days.

In some climes they can be found in frozen packs in grocery shops and supermarkets and can then be microwaved and eaten.
Whoever adopts this F.M.C.G model must be willing to push hard and sell as many as possible within a short time spell.

It is a selling product if it is well made and packed. It will be difficult to go wrong.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:22am On Sep 24, 2016
dotsdavidson:
Hello Karin, kindly note my interest in Agege/Ogba/Berger axis.

Well done.

Please revisit other posters that indicated their interest in certain areas and provide us a clearer picture of where you wish to cover. Agege /Ogba/Berger axis is too vague and rather unrealistic.

That is a very large area and you couldn't possibly cover the place all by yourself. Concentrate more in your immediate neighbourhood and then expand it gradually. You will thank me later.

You would be spread too thin.

1 Like 1 Share

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:18am On Sep 24, 2016
superbouck:
I m thinking of going into partnership with a particular lady that makes dounought not too far from my shop, I want to approach the lady to be giving it to me at the rate of forty naira per unit while I sell it for fifty naira. Ladies and gentle men ur advice is needed

This is the very intention of this thread and it is being fulfilled through posters like this. I am really impressed.

This is the whole idea; your ability to draw the necessary nuggets from the thread and use it in furthering yourself business-wise irrespective of location. rose75 has already given you what is really required.

All you need now is massive action.

May I add that you must ensure that the donoughts are of superior quality. You must then set yourself a target to be the sole buyer of this woman's doughnuts sometime in the nearest future. If you work it out well you will eventually get to the level where you make cash-backed orders and at that point your profits will increase significantly and you will have some measure of control over the business.

Take this seriously and run with it.

2 Likes 1 Share

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 2:10am On Sep 24, 2016
I was expecting that someone on the thread will ask how we need to lock in our hard work in the chosen territories. imagine how painful it can be that after creating a trade nexus in your territory and growing it phenomenally, some smart Alec with some money just invades the territory and takes over using his deep pockets and mouth watering incentives.

I gave it some thought during the week and decided that the preferred company must give us an agreement that gives the individual participants exclusive rights to sales of specific products within that territory at least for specific time frames mutually agreed upon. The exclusivity clause is usually a difficult position and the only way it works is through an understanding.

So, a very important decision that we will take regarding this is that we will confer with the management of the company and ensure that each partaker has rights of exclusivity in his specific territory.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 2:05am On Sep 24, 2016
At this point we have not had commitments filling the all the previously chosen areas.

I will show in a subsequent post how these territories have been chosen and we will together agree if the territories as delineated should remain as is or should be re-aligned to ensure of performance and effectiveness

2 Likes

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 2:04am On Sep 24, 2016
At a deeper level, never forget that the purpose of building a business is to create a long term customers who over a 5-10 year period will contribute immensely towards your wealth building efforts.

In the future you can sell other products to these same people based on this tried and trusted relationship.

Therefore, the most important thing you will do here is to create, sustain and nourish the relationship.

2 Likes

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 1:26am On Sep 24, 2016
The response in terms of choosing territories is rather slow.

It isn’t nonetheless surprising to me at all.

In taking off earlier this today and reading some of the posts between the lines, I knew what to expect in terms of the responses will be getting and indeed I am not disappointed.

But typically Nigerian style, what will eventually happen is there will be an upsurge subsequently when there is some evidence of success by the pioneer participants.

But territories that have been taken will not be compromised at that time.

Secondly some of posters consider this a bit ‘beneath’ them. I completely agree with them.

This thread is primarily for people who are almost freshers in the business circuit and others who feel a little desperate. The intention is to start a full-fledged business career in F.M.C.G distribution

At this point we have not had commitments filling the all the previously chose areas. I will show in a subsequent post how these territories have been chosen and we will together agree if the territories as delineated should remain as is or should be re-aligned to ensure of performance and effectiveness.

Updating new participants will be reviewed daily until we fill all the territories.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 1:10am On Sep 24, 2016
The first part of this exercise is gradually coming to a close.

The selection exercise will commence very soon and it is my intention that we will be able to select the participants and then ensure that we all have a firm understanding of the territories as delineated.

As stated earlier the real action will commence on Tuesday 4th October, 2016.

1 Like

Business / Re: Start Your F.M.C.G Distribution Business With N20,000 Initial Capital by Karin001(f): 10:23am On Sep 23, 2016
Shakitibob0:
Karin

What's the margin on a pack of chin-chin?

Between 100.00 and 300,00 Naira depending on volume of purchase and your reselling price.

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (of 15 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 129
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.