oluwaseyi000:


Bros, thumb up for your advice, but about the social media part: you mean she should open instagram and facebook page for doughnut?

Bro there are people selling tomato on instagram even garri sef

Very sweet, you can even jam some profits

oluwaseyi000:


Bros, thumb up for your advice, but about the social media part: you mean she should open instagram and facebook page for doughnut?

She can buy good pages with nice interaction

VVVV

oluwaseyi000:


Bros, thumb up for your advice, but about the social media part: you mean she should open instagram and facebook page for doughnut?

Oh absolutely. It's free marketing. It creates awareness for her business far and wide to potential customers even better than a shop( in the beginning).
Consider this,if you open a shop on a road how many people will pass that road.
Of those passing how many will look at the shop.
Of those looking how many will stop.
Of those stopping how many will buy.
Of those buying how many will come back to buy.
All of the above still applies to a Social Media account but the difference is that thousands of more people will see the business online improving your odds for doing business.
Plus you won't have to pay commercial rents,trade taxes for premises, utility bills for premises etc.
Also and consider that most potential clients of a doughnut business like,hotels,schools,offices, business etc also have social media accounts.
She can connect and network with them on social media. She can business pitch and send them picture sample of her doughnuts . She can get their addresses, emails,contacts from social media.
It's an indispensable tool for any budding business in this day and age.

EzendiEgo1:
Please I need help, I just started learning how to make snacks like doughnut and Meat pie from YouTube and I plan to distribute to people that will hawk and I plan to distribute to shops around me also,

Reason why I want to distribute it to hawk.. is because of my job.

I want to know if this business is lucrative... please if you are someone who knows much about this business please put me through.... how do I package them that would make them look attractive, what's the cost of production, how do I make profit?

This is my estimation:

Let assumed I have 3 hawks and 1 co-maker and we makes around 150 doughnut at the cost of #50 each, I will be making around #7500.
How achievable is this estimation,Please guru here should help me out.

You need to figure out 2 things: revenue, and cogs (cost of goods sold) and then you'll have your answer:

You already have your unit revenue (you mention cost, but I guess you meant selling #50 each).

Now what is your unit cost? Calculate how much it will cost you for flour, oil, eggs, sugar, etc. to make your first batch of 150.
As in rather than imagine a cost of production, spend time in the market and find out how many bags you need for 150 units,
in your area. Get the actual retail costs, not bulk purchases.

How much will you pay your hawkers to sell? How about your coworker? Firewood or gas?

You have to now deduct the money for one-time purchases like the large fryers, mixer (or is it by hand?) glass box for hawking, and other miscellaneous. I'm assuming you're doing this from home so no rent.
What about days when you can't sell 150? Rain? Weekends? Police harassment to your hawkers?

Honestly, I'd be very surprised if you can clear #5 in profit per unit. Yes, 5 Naira profit per doughnut.
It's a lot of headache for the potential to make #750 per day.

Unless you have close to a million Naira in order to go big and get business accounts like schools, offices, catering, so you can start approaching 1000+ doughnuts/day, my recommendation is you drop the idea. I don't mean to be discouraging, but you need to be brutally realistic: this is not going to make anywhere close to the numbers you were thinking. I've supported several people to go into making food, selling provisions and drinks, but the profits are not even going to enable them payback the loans, so I'm talking from experience.

Nigeria is a poor country. Businesses as this are very profitable. Bread, gala, sausage ... it’s about finding the right location.

nextstep:


You need to figure out 2 things: revenue, and cogs (cost of goods sold) and then you'll have your answer:

You already have your unit revenue (you mention cost, but I guess you meant selling #50 each).

Now what is your unit cost? Calculate how much it will cost you for flour, oil, eggs, sugar, etc. to make your first batch of 150.
As in rather than imagine a cost of production, spend time in the market and find out how many bags you need for 150 units,
in your area. Get the actual retail costs, not bulk purchases.

How much will you pay your hawkers to sell? How about your coworker? Firewood or gas?

You have to now deduct the money for one-time purchases like the large fryers, mixer (or is it by hand?) glass box for hawking, and other miscellaneous. I'm assuming you're doing this from home so no rent.
What about days when you can't sell 150? Rain? Weekends? Police harassment to your hawkers?

Honestly, I'd be very surprised if you can clear #5 in profit per unit. Yes, 5 Naira profit per doughnut.
It's a lot of headache for the potential to make #750 per day.

Unless you have close to a million Naira in order to go big and get business accounts like schools, offices, catering, so you can start approaching 1000+ doughnuts/day, my recommendation is you drop the idea. I don't mean to be discouraging, but you need to be brutally realistic: this is not going to make anywhere close to the numbers you were thinking. I've supported several people to go into making food, selling provisions and drinks, but the profits are not even going to enable them payback the loans, so I'm talking from experience.

You don't think there is a possibility of growing from selling 150 a day to 250 and then more than 1000 a day? You may not have N1m to start today but despise not the days of small beginnings and do not give up on your dream! Doing nothing is not an option. Go for it.

Doughnut business with good packaging,is a very lucrative business in portharcourt.u av to get a nylon like bread to package it,u add preservative to make its last days like bread.its a good business.

BruncleZuma:
In America or Nigeria?

For Nigeria open close to a secondary school...in America or Canada open close to a Police station.

Trust me you won't need marketing to sellout every single day that school is in session and Police no dey close.

hahahahaha guy you savage beyond belief hahahahahahahahahahahahahahahahahaha

BruncleZuma:
In America or Nigeria?

For Nigeria open close to a secondary school...in America or Canada open close to a Police station.

Trust me you won't need marketing to sellout every single day that school is in session and Police no dey close.

hahahahaha guy you savage beyond belief hahahahahahahahahahahahahahahahahaha
Let nypd catch you

besides, you need to build a very good customer relation that is fine tune the way you handle people, it can go along way.
with the few experience I have gathered in catering and hospitality industry, I'll say treat your customers with love and care, this will attract them and cause them to attract others to your biz and that's an indirect advertisement
IN ADDITION, WHEN THE CUSTOMERS START COMING IN THEIR NUMBERS, DON'T TRY TO REDUCE THE SIZE OF YOUR PASTRIES, THIS HABIT CAN CAUSE YOUR CUSTOMERS TO STOP PATRONISING YOU.
it is very likely that you will be offended by some Customers e.g imagine a customer seeing you passing by, and in wanting to greet you, he/she shouts AUNTY DOUGHNUTS/ BROTHER DOUGHNUTS, in such instances any response can affect your biz positively or negatively.
The Lord is your strength

You can also make use this mini income statement to project your profit/loss

Goodluck

DANILSA:
Pls don't, it's going off the market. secondly the stress is much. but if u decide to do i can help u for free.

stupid up

When u start make sure u don't give ladies credit. Very important bcus de hardly pay back. Mind u am a retailer

Amalekki:

You don't think there is a possibility of growing from selling 150 a day to 250 and then more than 1000 a day? You may not have N1m to start today but despise not the days of small beginnings and do not give up on your dream! Doing nothing is not an option. Go for it.

It's not that I despise small beginnings... but I've been down this road several times before. I've given my recommendations and I feel - though not everyone may agree - that #5 per unit is too small profit to pursue based on the effort being expended. If the operation was to sell sweets and make average #5 per unit, that's a lot less effort (just buy and sell without the hassle of preparation, cooking, cleaning, and possible spoilage) for about the same amount of profit.

Taking it further, I would much rather sell fewer things for more profit, even if the total is the same:

For instance, if my daily profit is #750: should I try to sell 150 doughnuts (150x5), or just 1 bag (750x1)? If you can find a way to sell one bag, or three purses a day, and get the same profits... then I'd say grow the bag business because you can scale up much more easily. An operation to sell 1000 doughnuts a day is not a trivial matter - considering OP still has a day job.

nextstep:


You need to figure out 2 things: revenue, and cogs (cost of goods sold) and then you'll have your answer:

You already have your unit revenue (you mention cost, but I guess you meant selling #50 each).

Now what is your unit cost? Calculate how much it will cost you for flour, oil, eggs, sugar, etc. to make your first batch of 150.
As in rather than imagine a cost of production, spend time in the market and find out how many bags you need for 150 units,
in your area. Get the actual retail costs, not bulk purchases.

How much will you pay your hawkers to sell? How about your coworker? Firewood or gas?

You have to now deduct the money for one-time purchases like the large fryers, mixer (or is it by hand?) glass box for hawking, and other miscellaneous. I'm assuming you're doing this from home so no rent.
What about days when you can't sell 150? Rain? Weekends? Police harassment to your hawkers?

Honestly, I'd be very surprised if you can clear #5 in profit per unit. Yes, 5 Naira profit per doughnut.
It's a lot of headache for the potential to make #750 per day.

Unless you have close to a million Naira in order to go big and get business accounts like schools, offices, catering, so you can start approaching 1000+ doughnuts/day, my recommendation is you drop the idea. I don't mean to be discouraging, but you need to be brutally realistic: this is not going to make anywhere close to the numbers you were thinking. I've supported several people to go into making food, selling provisions and drinks, but the profits are not even going to enable them payback the loans, so I'm talking from experience.

whats ur take on buttered popcorn biz. wish to start one. need ur advice

EzendiEgo1:
stupid up

That is what my company produces in portharcourt. but all the same thanks for the insult. Jahbless

EzendiEgo1:
stupid up

We produce well over 25,000 pieces daily and have machines for it. u guys just think making money is easy. u and your friend cant produce more than 3 bags daily which is 3000 pieces. Figure in veg Oil, gas and others. not discouraging you , but i was really suprised at the insult this early morning. well its a faceless forum. I dont think u thinking of producing this can abuse me face to face.

DANILSA:
We produce well over 25,000 pieces daily and have machines for it. u guys just think making money is easy. u and your friend cant produce more than 3 bags daily which is 3000 pieces. Figure in veg Oil, gas and others. not discouraging you , but i was really suprised at the insult this early morning. well its a faceless forum. I dont think u thinking of producing this can abuse me face to face.

there's always a discouragement at the beginning.

So I took your comments as negative one

Bless

This is brutally realistic, I'm facing the same dilemma here, started this business a while ago with high hopes, but it's not as easy as it looks when you make your projections on paper, customers want something sizeable with quality without regards to how much it's gonna cost you,
it's a very brutal market as you said, I'm relying on God, strategic planning and smart work to make this work.

nextstep:


You need to figure out 2 things: revenue, and cogs (cost of goods sold) and then you'll have your answer:

You already have your unit revenue (you mention cost, but I guess you meant selling #50 each).

Now what is your unit cost? Calculate how much it will cost you for flour, oil, eggs, sugar, etc. to make your first batch of 150.
As in rather than imagine a cost of production, spend time in the market and find out how many bags you need for 150 units,
in your area. Get the actual retail costs, not bulk purchases.

How much will you pay your hawkers to sell? How about your coworker? Firewood or gas?

You have to now deduct the money for one-time purchases like the large fryers, mixer (or is it by hand?) glass box for hawking, and other miscellaneous. I'm assuming you're doing this from home so no rent.
What about days when you can't sell 150? Rain? Weekends? Police harassment to your hawkers?

Honestly, I'd be very surprised if you can clear #5 in profit per unit. Yes, 5 Naira profit per doughnut.
It's a lot of headache for the potential to make #750 per day.

Unless you have close to a million Naira in order to go big and get business accounts like schools, offices, catering, so you can start approaching 1000+ doughnuts/day, my recommendation is you drop the idea. I don't mean to be discouraging, but you need to be brutally realistic: this is not going to make anywhere close to the numbers you were thinking. I've supported several people to go into making food, selling provisions and drinks, but the profits are not even going to enable them payback the loans, so I'm talking from experience.

nextstep:


You need to figure out 2 things: revenue, and cogs (cost of goods sold) and then you'll have your answer:

You already have your unit revenue (you mention cost, but I guess you meant selling #50 each).

Now what is your unit cost? Calculate how much it will cost you for flour, oil, eggs, sugar, etc. to make your first batch of 150.
As in rather than imagine a cost of production, spend time in the market and find out how many bags you need for 150 units,
in your area. Get the actual retail costs, not bulk purchases.

How much will you pay your hawkers to sell? How about your coworker? Firewood or gas?

You have to now deduct the money for one-time purchases like the large fryers, mixer (or is it by hand?) glass box for hawking, and other miscellaneous. I'm assuming you're doing this from home so no rent.
What about days when you can't sell 150? Rain? Weekends? Police harassment to your hawkers?

Honestly, I'd be very surprised if you can clear #5 in profit per unit. Yes, 5 Naira profit per doughnut.
It's a lot of headache for the potential to make #750 per day.

Unless you have close to a million Naira in order to go big and get business accounts like schools, offices, catering, so you can start approaching 1000+ doughnuts/day, my recommendation is you drop the idea. I don't mean to be discouraging, but you need to be brutally realistic: this is not going to make anywhere close to the numbers you were thinking. I've supported several people to go into making food, selling provisions and drinks, but the profits are not even going to enable them payback the loans, so I'm talking from experience.

Hi
Pls which business will you advise i go into