₦airaland Forum

ghettochild4u:
Be careful o.
Don't believe his making 500k..
Don't get scammed.. Go to the market n do ur research

[quote

Pyroex:
. please teach me how

author

roughdiamond:
I am interested in this business too. Tried to start in 2017 but had little knowledge about it so I dropped the dream. Please those with experience should help.

[=alen4smith post=76607163]can we talk ?I have a reasonable capital.[/quote]Hey guys,
Do you care about making money or you know anyone that does? There's this US company I recently joined. They have a product that people need and people are making a lot of money with the company.
Chat me up on 08063429942 and I'll send you further details.
You can be earning in millions monthly 2 years from now!!!

If you need large supplies of coconut oil, I can be of help. Simply contact me for quality oil. 08062997112

orimipe:
It is lucrative if you've got the market. I've been into it for the past 2 years. I do not extract mine myself though. I get mine from Badagry. Would make more sense if you can be a distributor. With that you sell faster and your brand gets to a larger market.

t

hello please I'd like to know more about this business ( coconut oil)?

Restroom:
Coconut oil business is very lucrative, but depends largely on the price of coconut, which is easily affected by forex. To produce one litre of coconut oil, it will cost between 1500-4000, depending on the price of coconut, your machines and physical location. The market price of 1 litre is anywhere from 5,000. to 10,000 depending on your location.
Usually, the profit is usually times two
During the Jonathan era, I make a litre for 1200-1300 and sold it for 3,000-4000.

Since Buhari era, when forex went up, to make a litre cost me about 2500-3000 and sell for 4,500-6000. So, you see, it is highly lucrative, the more forex goes up. the more your profit reduces especially if you are not using expeller machines.

One producer in zBenin city relocated to Badagry because of price of coconut in Benin, from the time of Buhari.

If you can get fairly big coconut for say 120-200, then, with an expeller machine you can make 1 litre with about 1900-2300. And you can sell your 1 litre for a minimum of 3500-5000.

let me quickly add, coconut oil business is not an easy business o.

You need an expeller machine
You need a place to turn to factory
You need a good source to obtain coconut, medium to large coconut that are mature
You also need to know who you want to sell it to.


Do you want to produce cold press or wet milled?

Take note, if you want to do the business big time, your capital will be around 15million and above because the machines are expensive and then get nafdac approval. You cat sell in stores or pharmacy shops without nafdac


From my experience girls and women are the number 1 hit
Mothers with babies won't buy your product because, if you plan to go approach them in ta clinic, the health workers in the hospital will not let you sell it there. I tried it in Ubth, andi was told , everything sold to pregnant wome n at the clinic must be cleared from the highest level. So don't waste your time with mothers with babies , most especially if your price is not very cheap.

Coconut oil is multifunctional product, your beat chance of making money of it, is to produce the pure one called virgin coconut oil and retail to your family, friends and neigbkrs. Create a Facebook page for your product as well. Now if you, target a very busy spot in a place like say Yaba, Ketu/Ikorodu road or any where you e sure of human trafficking. Get a stand around there, and open a small kiosk to retail your coconut oil. This model is one of the best model, of getting your customers slowly. Anyone who needs it will simply stop by and buy. I don't like the idea of moving around with it. Better for people to know you are always in a particular spot where they can. check in on you.

To give you an idea, of what you are getting into and the profitability, make 1 litre by yourself and try to sell it to your compound people, friends and street people. Focus on the female folks. And obese people.

Coconut oil! or VCO slims down fat and obese people! These are among my customers as well!

15 to 20 coconut gives you one litre
To produce 1 liter, with cold press expeller machine, you will need to grate all 15-20 coconut either by hand or motorise grater, which can take about 2 to 3 hours depending on your skill

Before you will grate them of course, you must deshell them
After which you grate. Deshelling can take up to 2 to 10 minutes depending on your skill. Let's assume it will take 1,hour to deshell all 20 coconut.

After you deshell you grate. After grating, you need to dry the grated meat with low heat of oven or sun. If you use oven, it could take anywhere from 1hour or more to dry the grated coconut meat. If you use sunlight, when the sun is really sunny, not on a rainy, it could take over 3hours.

Mind you, there is specific moisture content you must dry it to, to make sure the expeller machine can extract the oil from it.
After drying your grated coconut meat to the required moisture content, switch on your expeller machine and feed it the grated dried coconut meat...
the machine will press out over 1 litre of cloudy virgin coconut oil within minutes of doing so for you.

Collect all your cloudy coconut oil, stir for 30 minutes and allow to stand for days. This will allow the cloudiness to settle to the bottom while the top will become clear like water.

If you have a plate filter, you can filter the oil immediately and package it for sale.

Now, I would like to say this: If you have say 500,000 to 1million, please don't invest in coconut oil business.You will likely abandon the business because of the bad economic policies of government which kills small business.
Instead, let me tell you what you should do, if you want to become a millionaire 3- 4 years time.

Go into coconut farming! Get a land . PLant 100 to 1000 coconut trees. Some trees produce within 3 years and will keep producing for over 30 years. Interestinglu one tree can give you 250 coconut a year. Now multipily 100 trees x 250 coconut, that is 25, 000 coconuts.

If the selling price of one coconut is 150-200, multiply 25,000 x 150 or 200
You will have:
3,750,000
or 5,000,000

That is the amount and higher you will end up making every year for the rest of your life, from 100 coconut trees in your farm. Coconut is a cash crop, and it prices are not coming down in Nigeria because of huge demand.

Don't throw your money away on coconut oil business, sometimes shortage of coconut to produce, NEPA or the price of the local coconut can be very discouraging. Go to where people make red oil in factory, using machines. If you can stand it and cope with it, that is an idea of what to expect when you start processing coconut.

It requires plenty stamina.
Besides, from experience , many of us will make money from coconut farming than oil, because, coconut oil production is not our thing. We do red oil. Asia does coconut oil. We can't take it from them.And they can't take it feomus.

The price of 1 litre coconut oil will get us three 4 liter gallon of oil The poverty in the land will not allow many people to buy the oil. But if it is the coconut, people buy it also chop garri and eat other things. Na belly first course.

And again, if you are not in Ghana, Lagos Badagry and Ogun state, where you can get mature coconut from numerous sources, as in mature coconut in abundant supply, don't risk your money. Fuel price will still go up.Diesel price will still go up. Of they do, trust na, coconut price will go up too. When dollar go up, coconut price will go up.So the cost of producing 1 liter will also go up. But if you have a coconut farm, while everything is going up, that means more money for you.

However, if you know how to market your product, you can target the production of just 20 liters of coconut oil a month, which can fetch you 120,00 to 150,000 . With the production of ,20 litres, monthly, you can barnish poverty from your life for ever.

Ask around, there are already some big time producers in Nigeria. Buy coconut oil in bulk from them. Repackage it in your container and sell it as your product. Dont claim you produce it o. Just give it a great name, and at the back of the label, simply state this: produce by the real owner, packed and marketed by your company.

What s cool about coconut oil is that, you can produce soap from it, baby oil, baby lotion, aromatic oils and also, use it to free meat and snacks to sell to people who want to taste coconut oil meat,snacks etc. If you own a cooking business, the addition of virgin coconut oil to the food can be the greatest difference between you and competition. Honestly, anybody wey eat the food, is hooked. The aroma is just too coconutty.

If you must invest in the business, start small.Start small. The Nigerian business environment is killing and you can't easily pass the cost to customers you know.

I started in 2013:
I produce from:
boiling
fermentation
Modified kitchen method
Sun light method

I produce in small batches. The work involve just to make 1 litre is so great, but pays off when you charge the buyer times two. I know you can't get the product, that is the oil,anywhere else in Benin so easily, so I charge times two of my production cost.

I don't do cold pressed, the expeller machine is damn too expensive. As a chemical engineering technician, I have all the knowledge to fabricate the expeller machine and the local types. But I don't have the interest any more. Our disposal income keeps reducing. People bought the oil more in Jonathan era than Buhari era, because money nor too dey like. that.

When Dollar went, and coconut I bought for N60 jumped to 120 and the one sold for 80-100 jumped to 150-200, it affected my business badly. Like I said earlier, a friend of mine who even had all the machines and was producing cold press with all the certification and nafdac registration fled to Badagry from Benin. He told me he could not cope with cost of transportation, higher cost of coconut and electricity, fueling of generator etc.So he had to move.

Of all the inquiries I get about the business, none pursue it further, after advising them, because they all thought it is a get rich quick business. It is not. You must produce and go out to look for who will buy your oil.

Otorn.

thanks for this detailed explanation

Restroom:
Coconut oil business is very lucrative, but depends largely on the price of coconut, which is easily affected by forex. To produce one litre of coconut oil, it will cost between 1500-4000, depending on the price of coconut, your machines and physical location. The market price of 1 litre is anywhere from 5,000. to 10,000 depending on your location.
Usually, the profit is usually times two
During the Jonathan era, I make a litre for 1200-1300 and sold it for 3,000-4000.

Since Buhari era, when forex went up, to make a litre cost me about 2500-3000 and sell for 4,500-6000. So, you see, it is highly lucrative, the more forex goes up. the more your profit reduces especially if you are not using expeller machines.

One producer in zBenin city relocated to Badagry because of price of coconut in Benin, from the time of Buhari.

If you can get fairly big coconut for say 120-200, then, with an expeller machine you can make 1 litre with about 1900-2300. And you can sell your 1 litre for a minimum of 3500-5000.

let me quickly add, coconut oil business is not an easy business o.

You need an expeller machine
You need a place to turn to factory
You need a good source to obtain coconut, medium to large coconut that are mature
You also need to know who you want to sell it to.


Do you want to produce cold press or wet milled?

Take note, if you want to do the business big time, your capital will be around 15million and above because the machines are expensive and then get nafdac approval. You cat sell in stores or pharmacy shops without nafdac


From my experience girls and women are the number 1 hit
Mothers with babies won't buy your product because, if you plan to go approach them in ta clinic, the health workers in the hospital will not let you sell it there. I tried it in Ubth, andi was told , everything sold to pregnant wome n at the clinic must be cleared from the highest level. So don't waste your time with mothers with babies , most especially if your price is not very cheap.

Coconut oil is multifunctional product, your beat chance of making money of it, is to produce the pure one called virgin coconut oil and retail to your family, friends and neigbkrs. Create a Facebook page for your product as well. Now if you, target a very busy spot in a place like say Yaba, Ketu/Ikorodu road or any where you e sure of human trafficking. Get a stand around there, and open a small kiosk to retail your coconut oil. This model is one of the best model, of getting your customers slowly. Anyone who needs it will simply stop by and buy. I don't like the idea of moving around with it. Better for people to know you are always in a particular spot where they can. check in on you.

To give you an idea, of what you are getting into and the profitability, make 1 litre by yourself and try to sell it to your compound people, friends and street people. Focus on the female folks. And obese people.

Coconut oil! or VCO slims down fat and obese people! These are among my customers as well!

15 to 20 coconut gives you one litre
To produce 1 liter, with cold press expeller machine, you will need to grate all 15-20 coconut either by hand or motorise grater, which can take about 2 to 3 hours depending on your skill

Before you will grate them of course, you must deshell them
After which you grate. Deshelling can take up to 2 to 10 minutes depending on your skill. Let's assume it will take 1,hour to deshell all 20 coconut.

After you deshell you grate. After grating, you need to dry the grated meat with low heat of oven or sun. If you use oven, it could take anywhere from 1hour or more to dry the grated coconut meat. If you use sunlight, when the sun is really sunny, not on a rainy, it could take over 3hours.

Mind you, there is specific moisture content you must dry it to, to make sure the expeller machine can extract the oil from it.
After drying your grated coconut meat to the required moisture content, switch on your expeller machine and feed it the grated dried coconut meat...
the machine will press out over 1 litre of cloudy virgin coconut oil within minutes of doing so for you.

Collect all your cloudy coconut oil, stir for 30 minutes and allow to stand for days. This will allow the cloudiness to settle to the bottom while the top will become clear like water.

If you have a plate filter, you can filter the oil immediately and package it for sale.

Now, I would like to say this: If you have say 500,000 to 1million, please don't invest in coconut oil business.You will likely abandon the business because of the bad economic policies of government which kills small business.
Instead, let me tell you what you should do, if you want to become a millionaire 3- 4 years time.

Go into coconut farming! Get a land . PLant 100 to 1000 coconut trees. Some trees produce within 3 years and will keep producing for over 30 years. Interestinglu one tree can give you 250 coconut a year. Now multipily 100 trees x 250 coconut, that is 25, 000 coconuts.

If the selling price of one coconut is 150-200, multiply 25,000 x 150 or 200
You will have:
3,750,000
or 5,000,000

That is the amount and higher you will end up making every year for the rest of your life, from 100 coconut trees in your farm. Coconut is a cash crop, and it prices are not coming down in Nigeria because of huge demand.

Don't throw your money away on coconut oil business, sometimes shortage of coconut to produce, NEPA or the price of the local coconut can be very discouraging. Go to where people make red oil in factory, using machines. If you can stand it and cope with it, that is an idea of what to expect when you start processing coconut.

It requires plenty stamina.
Besides, from experience , many of us will make money from coconut farming than oil, because, coconut oil production is not our thing. We do red oil. Asia does coconut oil. We can't take it from them.And they can't take it feomus.

The price of 1 litre coconut oil will get us three 4 liter gallon of oil The poverty in the land will not allow many people to buy the oil. But if it is the coconut, people buy it also chop garri and eat other things. Na belly first course.

And again, if you are not in Ghana, Lagos Badagry and Ogun state, where you can get mature coconut from numerous sources, as in mature coconut in abundant supply, don't risk your money. Fuel price will still go up.Diesel price will still go up. Of they do, trust na, coconut price will go up too. When dollar go up, coconut price will go up.So the cost of producing 1 liter will also go up. But if you have a coconut farm, while everything is going up, that means more money for you.

However, if you know how to market your product, you can target the production of just 20 liters of coconut oil a month, which can fetch you 120,00 to 150,000 . With the production of ,20 litres, monthly, you can barnish poverty from your life for ever.

Ask around, there are already some big time producers in Nigeria. Buy coconut oil in bulk from them. Repackage it in your container and sell it as your product. Dont claim you produce it o. Just give it a great name, and at the back of the label, simply state this: produce by the real owner, packed and marketed by your company.

What s cool about coconut oil is that, you can produce soap from it, baby oil, baby lotion, aromatic oils and also, use it to free meat and snacks to sell to people who want to taste coconut oil meat,snacks etc. If you own a cooking business, the addition of virgin coconut oil to the food can be the greatest difference between you and competition. Honestly, anybody wey eat the food, is hooked. The aroma is just too coconutty.

If you must invest in the business, start small.Start small. The Nigerian business environment is killing and you can't easily pass the cost to customers you know.

I started in 2013:
I produce from:
boiling
fermentation
Modified kitchen method
Sun light method

I produce in small batches. The work involve just to make 1 litre is so great, but pays off when you charge the buyer times two. I know you can't get the product, that is the oil,anywhere else in Benin so easily, so I charge times two of my production cost.

I don't do cold pressed, the expeller machine is damn too expensive. As a chemical engineering technician, I have all the knowledge to fabricate the expeller machine and the local types. But I don't have the interest any more. Our disposal income keeps reducing. People bought the oil more in Jonathan era than Buhari era, because money nor too dey like. that.

When Dollar went, and coconut I bought for N60 jumped to 120 and the one sold for 80-100 jumped to 150-200, it affected my business badly. Like I said earlier, a friend of mine who even had all the machines and was producing cold press with all the certification and nafdac registration fled to Badagry from Benin. He told me he could not cope with cost of transportation, higher cost of coconut and electricity, fueling of generator etc.So he had to move.

Of all the inquiries I get about the business, none pursue it further, after advising them, because they all thought it is a get rich quick business. It is not. You must produce and go out to look for who will buy your oil.

Otorn.

Nice!!

Coconut oil production business is very lucrative. People are now more aware of its numerous benefits and this has pushed demand forward. Read more here to learn how to start the oil processing in a small scalel....
https://www.enibest.com.ng/all-posts/business/coconut-oil-production/

Octaves:
author[=alen4smith post=76607163]can we talk ?I have a reasonable capital.
Hey guys,
Do you care about making money or you know anyone that does? There's this US company I recently joined. They have a product that people need and people are making a lot of money with the company.
Chat me up on 08063429942 and I'll send you further details.
You can be earning in millions monthly 2 years from now!!!

y not share the info incase some1 has interest

Miltonbit:
Please can we talk more on that? I'm interested in the biz.

[

laivwire:
They’ve come

quote author=Miltonbit post=76655547]
Please can we talk more on that? I'm interested in the biz.[/quote]

Pyroex:
. please teach me how

coconut oil is lucrative only if you have millions to invest in. My uncle started the business with 13 millions(machineries,factory,labour and all). I will only advice you guys to invest that little start-up capital in planting coconut.

Now i said i make 500k and people here are busy shouting and screaming shits. That 500k is the least i've made and it's profit. Revenue is btw 3-4M and profit is always 50% of revenue (after factory rent,cost of production,labour etc).

dominique:
My in-law dabbled in it briefly. She said the gain was ok but the stress from extracting the oil from the coconut was too much so she stopped




Be truthful now. How much capital did you inject to make N500k in profits monthly?

Started the business with 13mM+(Machineries, labour etc) and i now make btw 3-4M as revenue and 1.5 to 2M as profit.

HomoDroid:
The business of Coconut Oil is not very Lucrative in itself, but the value chain is lucrative as a whole. Now it depends on which points you position yourself. I carried out a detailed study in 2017 as a Business Development Consultant to a prospect for Bank Loan. My conclusion was to advise the client against it.

For you to run the processing aspect profitably, you must operate at least medium scale and sell by-products in addition to the VCO. Such by-products include the husks, the shells, white coconut powder/flakes (if you are into cold-press VCO method) or coconut cakes (if you are into hot-press method).

Interestingly, coconut powder is even more expensive than the VCO (except where high level packaging and selling to exclusive niche of beauty product enthusiasts). The cakes are also highly acceptable in Animal feeds, such as fish feed making.

The shells and husks have versatile application and conversion into a wide range of products (I'm not telling for free!)

To ensure highest yield, It is advisable to acquire imported fully automatic turnkey processor.

Also note that your profitability with the VCO will greatly depend upon the coconut types, such as Ghana, Badagry, etc. Each have varying yield capabilities and pricing differentials. You also need to consider stability of supply. for this reason, you should consider importing copra from the Caribbeans or Brazil.

I think I have given away enough free info. (C&F Value of one ideal turnkey machinery was quoted at USD7595. The set included Copra Chopper, Roaster, Screw Press, Filling & Sealing Machine, coding labeler, etc)

and also @ Restroom

Thanks you all for detailed information.

Coconut as a plant is a very useful crop with all its different parts being used for different thing. As stated, it is the value chain that is lucrative, you can as an individual choose the area you want to invest, base on many factors you must have considered.
It may interest you to know that coconut is becoming very scare now in Nigeria that is why it is very expensive because most of them are imported.

Based on the research conducted by one of our partners, it was discovered that Nigeria has about 11million hectares that can be used to cultivate coconut. There is an urgent need us to begin to cultivate coconut, with improved seedlings around, that can give good yields with a very short time.

amstardi:
Two things could be happening here.
1) you are either lying

2) you could be under the influence of some narco or hard drugs

hahahahaha lol...these sort of claims without proof/context drives me crazy

sisipelebe:
Exactly, he's just looking for a prey.

Don't be quick to judge. He may not be. As long as he can prove it.

I say this because I make more than N1m monthly from my own business but i've been doing it for over 2 years

fattyG:
y not share the info incase some1 has interest

just chat me up on the number posted. I'll give you all the details.

HeliosHay:
Don't be quick to judge. He may not be. As long as he can prove it.

I say this because I make more than N1m monthly from my own business but i've been doing it for over 2 years

what kinda business are you into then?

sisipelebe:
what kinda business are you into then?

Amazon Self Publishing

Guys, you'll find this helpful...

Current Price of Coconut Oil in Nigeria 2019 (see list)

Sambaby7640:
Very lucrative my dear. Am currently making nothing less than 500k a month. Started two years ago sha.

pl
pls what is ur price range... and can I see the bottles u use... cos I just started the business, dnt really know how to set the price, cos some I see in shops are very cheap y some are expensive

It depends on the type of extraction process. Cold press price is more expensive compare to hot press. Quality of coconut used is another factor.
quote author=AbbynHummy post=77822003]pl
pls what is ur price range... and can I see the bottles u use... cos I just started the business, dnt really know how to set the price, cos some I see in shops are very cheap y some are expensive[/quote]

Coconut oil production business plan in Nigeria; if you are looking for a profitable business venture to go into in Nigeria, then you are looking at one right now because the Coconut oil production business in Nigeria is one of the most lucrative businesses to go into in Nigeria. This is so because Nigeria B’s a growing population and from recent research, the business will sure be a success. For those who wants to go into this business, there are two major ways it can happen. It is either you start a small scale or large scale coconut oil production. It should be noted that starting the small scale coconut oil production business is quite less capital intensive and can be easily managed but for large scale coconut oil production the use of machine will be very very needful and necessary so as to aid your production process in large quantities.

for the full detailed and comprehensive business plan, Click >>> https://www.bestnigeriabusinessplan.com.ng/coconut-oil-production-business-plan-in-nigeria-2021-pdf/

Restroom:
Coconut oil business is very lucrative, but depends largely on the price of coconut, which is easily affected by forex. To produce one litre of coconut oil, it will cost between 1500-4000, depending on the price of coconut, your machines and physical location. The market price of 1 litre is anywhere from 5,000. to 10,000 depending on your location.
Usually, the profit is usually times two
During the Jonathan era, I make a litre for 1200-1300 and sold it for 3,000-4000.

Since Buhari era, when forex went up, to make a litre cost me about 2500-3000 and sell for 4,500-6000. So, you see, it is highly lucrative, the more forex goes up. the more your profit reduces especially if you are not using expeller machines.

One producer in zBenin city relocated to Badagry because of price of coconut in Benin, from the time of Buhari.

If you can get fairly big coconut for say 120-200, then, with an expeller machine you can make 1 litre with about 1900-2300. And you can sell your 1 litre for a minimum of 3500-5000.

let me quickly add, coconut oil business is not an easy business o.

You need an expeller machine
You need a place to turn to factory
You need a good source to obtain coconut, medium to large coconut that are mature
You also need to know who you want to sell it to.


Do you want to produce cold press or wet milled?

Take note, if you want to do the business big time, your capital will be around 15million and above because the machines are expensive and then get nafdac approval. You cat sell in stores or pharmacy shops without nafdac


From my experience girls and women are the number 1 hit
Mothers with babies won't buy your product because, if you plan to go approach them in ta clinic, the health workers in the hospital will not let you sell it there. I tried it in Ubth, andi was told , everything sold to pregnant wome n at the clinic must be cleared from the highest level. So don't waste your time with mothers with babies , most especially if your price is not very cheap.

Coconut oil is multifunctional product, your beat chance of making money of it, is to produce the pure one called virgin coconut oil and retail to your family, friends and neigbkrs. Create a Facebook page for your product as well. Now if you, target a very busy spot in a place like say Yaba, Ketu/Ikorodu road or any where you e sure of human trafficking. Get a stand around there, and open a small kiosk to retail your coconut oil. This model is one of the best model, of getting your customers slowly. Anyone who needs it will simply stop by and buy. I don't like the idea of moving around with it. Better for people to know you are always in a particular spot where they can. check in on you.

To give you an idea, of what you are getting into and the profitability, make 1 litre by yourself and try to sell it to your compound people, friends and street people. Focus on the female folks. And obese people.

Coconut oil! or VCO slims down fat and obese people! These are among my customers as well!

15 to 20 coconut gives you one litre
To produce 1 liter, with cold press expeller machine, you will need to grate all 15-20 coconut either by hand or motorise grater, which can take about 2 to 3 hours depending on your skill

Before you will grate them of course, you must deshell them
After which you grate. Deshelling can take up to 2 to 10 minutes depending on your skill. Let's assume it will take 1,hour to deshell all 20 coconut.

After you deshell you grate. After grating, you need to dry the grated meat with low heat of oven or sun. If you use oven, it could take anywhere from 1hour or more to dry the grated coconut meat. If you use sunlight, when the sun is really sunny, not on a rainy, it could take over 3hours.

Mind you, there is specific moisture content you must dry it to, to make sure the expeller machine can extract the oil from it.
After drying your grated coconut meat to the required moisture content, switch on your expeller machine and feed it the grated dried coconut meat...
the machine will press out over 1 litre of cloudy virgin coconut oil within minutes of doing so for you.

Collect all your cloudy coconut oil, stir for 30 minutes and allow to stand for days. This will allow the cloudiness to settle to the bottom while the top will become clear like water.

If you have a plate filter, you can filter the oil immediately and package it for sale.

Now, I would like to say this: If you have say 500,000 to 1million, please don't invest in coconut oil business.You will likely abandon the business because of the bad economic policies of government which kills small business.
Instead, let me tell you what you should do, if you want to become a millionaire 3- 4 years time.

Go into coconut farming! Get a land . PLant 100 to 1000 coconut trees. Some trees produce within 3 years and will keep producing for over 30 years. Interestinglu one tree can give you 250 coconut a year. Now multipily 100 trees x 250 coconut, that is 25, 000 coconuts.

If the selling price of one coconut is 150-200, multiply 25,000 x 150 or 200
You will have:
3,750,000
or 5,000,000

That is the amount and higher you will end up making every year for the rest of your life, from 100 coconut trees in your farm. Coconut is a cash crop, and it prices are not coming down in Nigeria because of huge demand.

Don't throw your money away on coconut oil business, sometimes shortage of coconut to produce, NEPA or the price of the local coconut can be very discouraging. Go to where people make red oil in factory, using machines. If you can stand it and cope with it, that is an idea of what to expect when you start processing coconut.

It requires plenty stamina.
Besides, from experience , many of us will make money from coconut farming than oil, because, coconut oil production is not our thing. We do red oil. Asia does coconut oil. We can't take it from them.And they can't take it feomus.

The price of 1 litre coconut oil will get us three 4 liter gallon of oil The poverty in the land will not allow many people to buy the oil. But if it is the coconut, people buy it also chop garri and eat other things. Na belly first course.

And again, if you are not in Ghana, Lagos Badagry and Ogun state, where you can get mature coconut from numerous sources, as in mature coconut in abundant supply, don't risk your money. Fuel price will still go up.Diesel price will still go up. Of they do, trust na, coconut price will go up too. When dollar go up, coconut price will go up.So the cost of producing 1 liter will also go up. But if you have a coconut farm, while everything is going up, that means more money for you.

However, if you know how to market your product, you can target the production of just 20 liters of coconut oil a month, which can fetch you 120,00 to 150,000 . With the production of ,20 litres, monthly, you can barnish poverty from your life for ever.

Ask around, there are already some big time producers in Nigeria. Buy coconut oil in bulk from them. Repackage it in your container and sell it as your product. Dont claim you produce it o. Just give it a great name, and at the back of the label, simply state this: produce by the real owner, packed and marketed by your company.

What s cool about coconut oil is that, you can produce soap from it, baby oil, baby lotion, aromatic oils and also, use it to free meat and snacks to sell to people who want to taste coconut oil meat,snacks etc. If you own a cooking business, the addition of virgin coconut oil to the food can be the greatest difference between you and competition. Honestly, anybody wey eat the food, is hooked. The aroma is just too coconutty.

If you must invest in the business, start small.Start small. The Nigerian business environment is killing and you can't easily pass the cost to customers you know.

I started in 2013:
I produce from:
boiling
fermentation
Modified kitchen method
Sun light method

I produce in small batches. The work involve just to make 1 litre is so great, but pays off when you charge the buyer times two. I know you can't get the product, that is the oil,anywhere else in Benin so easily, so I charge times two of my production cost.

I don't do cold pressed, the expeller machine is damn too expensive. As a chemical engineering technician, I have all the knowledge to fabricate the expeller machine and the local types. But I don't have the interest any more. Our disposal income keeps reducing. People bought the oil more in Jonathan era than Buhari era, because money nor too dey like. that.

When Dollar went, and coconut I bought for N60 jumped to 120 and the one sold for 80-100 jumped to 150-200, it affected my business badly. Like I said earlier, a friend of mine who even had all the machines and was producing cold press with all the certification and nafdac registration fled to Badagry from Benin. He told me he could not cope with cost of transportation, higher cost of coconut and electricity, fueling of generator etc.So he had to move.

Of all the inquiries I get about the business, none pursue it further, after advising them, because they all thought it is a get rich quick business. It is not. You must produce and go out to look for who will buy your oil.

Otorn.

Thank you for this.

From what I deduce from your write up, planting and harvesting the seeds to sell is by mile better than trying to process tge seeds to oil.

If you have buyer of Large quantity Coconut oil, you could buy from our factory.

sylve11:
Thank you for this.

From what I deduce from your write up, planting and harvesting the seeds to sell is by mile better than trying to process tge seeds to oil.

Restroom:
Coconut oil business is very lucrative, but depends largely on the price of coconut, which is easily affected by forex. To produce one litre of coconut oil, it will cost between 1500-4000, depending on the price of coconut, your machines and physical location. The market price of 1 litre is anywhere from 5,000. to 10,000 depending on your location.
Usually, the profit is usually times two
During the Jonathan era, I make a litre for 1200-1300 and sold it for 3,000-4000.

Since Buhari era, when forex went up, to make a litre cost me about 2500-3000 and sell for 4,500-6000. So, you see, it is highly lucrative, the more forex goes up. the more your profit reduces especially if you are not using expeller machines.

One producer in zBenin city relocated to Badagry because of price of coconut in Benin, from the time of Buhari.

If you can get fairly big coconut for say 120-200, then, with an expeller machine you can make 1 litre with about 1900-2300. And you can sell your 1 litre for a minimum of 3500-5000.

let me quickly add, coconut oil business is not an easy business o.

You need an expeller machine
You need a place to turn to factory
You need a good source to obtain coconut, medium to large coconut that are mature
You also need to know who you want to sell it to.


Do you want to produce cold press or wet milled?

Take note, if you want to do the business big time, your capital will be around 15million and above because the machines are expensive and then get nafdac approval. You cat sell in stores or pharmacy shops without nafdac


From my experience girls and women are the number 1 hit
Mothers with babies won't buy your product because, if you plan to go approach them in ta clinic, the health workers in the hospital will not let you sell it there. I tried it in Ubth, andi was told , everything sold to pregnant wome n at the clinic must be cleared from the highest level. So don't waste your time with mothers with babies , most especially if your price is not very cheap.

Coconut oil is multifunctional product, your beat chance of making money of it, is to produce the pure one called virgin coconut oil and retail to your family, friends and neigbkrs. Create a Facebook page for your product as well. Now if you, target a very busy spot in a place like say Yaba, Ketu/Ikorodu road or any where you e sure of human trafficking. Get a stand around there, and open a small kiosk to retail your coconut oil. This model is one of the best model, of getting your customers slowly. Anyone who needs it will simply stop by and buy. I don't like the idea of moving around with it. Better for people to know you are always in a particular spot where they can. check in on you.

To give you an idea, of what you are getting into and the profitability, make 1 litre by yourself and try to sell it to your compound people, friends and street people. Focus on the female folks. And obese people.

Coconut oil! or VCO slims down fat and obese people! These are among my customers as well!

15 to 20 coconut gives you one litre
To produce 1 liter, with cold press expeller machine, you will need to grate all 15-20 coconut either by hand or motorise grater, which can take about 2 to 3 hours depending on your skill

Before you will grate them of course, you must deshell them
After which you grate. Deshelling can take up to 2 to 10 minutes depending on your skill. Let's assume it will take 1,hour to deshell all 20 coconut.

After you deshell you grate. After grating, you need to dry the grated meat with low heat of oven or sun. If you use oven, it could take anywhere from 1hour or more to dry the grated coconut meat. If you use sunlight, when the sun is really sunny, not on a rainy, it could take over 3hours.

Mind you, there is specific moisture content you must dry it to, to make sure the expeller machine can extract the oil from it.
After drying your grated coconut meat to the required moisture content, switch on your expeller machine and feed it the grated dried coconut meat...
the machine will press out over 1 litre of cloudy virgin coconut oil within minutes of doing so for you.

Collect all your cloudy coconut oil, stir for 30 minutes and allow to stand for days. This will allow the cloudiness to settle to the bottom while the top will become clear like water.

If you have a plate filter, you can filter the oil immediately and package it for sale.

Now, I would like to say this: If you have say 500,000 to 1million, please don't invest in coconut oil business.You will likely abandon the business because of the bad economic policies of government which kills small business.
Instead, let me tell you what you should do, if you want to become a millionaire 3- 4 years time.

Go into coconut farming! Get a land . PLant 100 to 1000 coconut trees. Some trees produce within 3 years and will keep producing for over 30 years. Interestinglu one tree can give you 250 coconut a year. Now multipily 100 trees x 250 coconut, that is 25, 000 coconuts.

If the selling price of one coconut is 150-200, multiply 25,000 x 150 or 200
You will have:
3,750,000
or 5,000,000

That is the amount and higher you will end up making every year for the rest of your life, from 100 coconut trees in your farm. Coconut is a cash crop, and it prices are not coming down in Nigeria because of huge demand.

Don't throw your money away on coconut oil business, sometimes shortage of coconut to produce, NEPA or the price of the local coconut can be very discouraging. Go to where people make red oil in factory, using machines. If you can stand it and cope with it, that is an idea of what to expect when you start processing coconut.

It requires plenty stamina.
Besides, from experience , many of us will make money from coconut farming than oil, because, coconut oil production is not our thing. We do red oil. Asia does coconut oil. We can't take it from them.And they can't take it feomus.

The price of 1 litre coconut oil will get us three 4 liter gallon of oil The poverty in the land will not allow many people to buy the oil. But if it is the coconut, people buy it also chop garri and eat other things. Na belly first course.

And again, if you are not in Ghana, Lagos Badagry and Ogun state, where you can get mature coconut from numerous sources, as in mature coconut in abundant supply, don't risk your money. Fuel price will still go up.Diesel price will still go up. Of they do, trust na, coconut price will go up too. When dollar go up, coconut price will go up.So the cost of producing 1 liter will also go up. But if you have a coconut farm, while everything is going up, that means more money for you.

However, if you know how to market your product, you can target the production of just 20 liters of coconut oil a month, which can fetch you 120,00 to 150,000 . With the production of ,20 litres, monthly, you can barnish poverty from your life for ever.

Ask around, there are already some big time producers in Nigeria. Buy coconut oil in bulk from them. Repackage it in your container and sell it as your product. Dont claim you produce it o. Just give it a great name, and at the back of the label, simply state this: produce by the real owner, packed and marketed by your company.

What s cool about coconut oil is that, you can produce soap from it, baby oil, baby lotion, aromatic oils and also, use it to free meat and snacks to sell to people who want to taste coconut oil meat,snacks etc. If you own a cooking business, the addition of virgin coconut oil to the food can be the greatest difference between you and competition. Honestly, anybody wey eat the food, is hooked. The aroma is just too coconutty.

If you must invest in the business, start small.Start small. The Nigerian business environment is killing and you can't easily pass the cost to customers you know.

I started in 2013:
I produce from:
boiling
fermentation
Modified kitchen method
Sun light method

I produce in small batches. The work involve just to make 1 litre is so great, but pays off when you charge the buyer times two. I know you can't get the product, that is the oil,anywhere else in Benin so easily, so I charge times two of my production cost.

I don't do cold pressed, the expeller machine is damn too expensive. As a chemical engineering technician, I have all the knowledge to fabricate the expeller machine and the local types. But I don't have the interest any more. Our disposal income keeps reducing. People bought the oil more in Jonathan era than Buhari era, because money nor too dey like. that.

When Dollar went, and coconut I bought for N60 jumped to 120 and the one sold for 80-100 jumped to 150-200, it affected my business badly. Like I said earlier, a friend of mine who even had all the machines and was producing cold press with all the certification and nafdac registration fled to Badagry from Benin. He told me he could not cope with cost of transportation, higher cost of coconut and electricity, fueling of generator etc.So he had to move.

Of all the inquiries I get about the business, none pursue it further, after advising them, because they all thought it is a get rich quick business. It is not. You must produce and go out to look for who will buy your oil.

Otorn.

God bless you for this sincere breakdown