In a country like Nigeria, where there are more graduates by the day and lesser jobs to cater for both their needs and that of the entire population estimated to be over 170 million black folks, it becomes highly needed to look into other areas of empowering the youths and the citizens at large. One of the ways to do this is by Entrepreneurship, that is, starting a meaningful and profitable business to gainfully employ yourself (self employed) instead of seating down at home 24/7 and waiting for the Government of the day to put bread and water in your mouth.
In regards to this, I would love to share with you on how you can start a profitable business of buying and selling Industrial machine oil. You may want to ask me, what is this industrial machine and what it is used for? Well, industrial machine as the name implies is a machine used for carrying out industrial and commercial operations, you can call it a 'heavy duty' machine if you want as it is mostly used for tedious operations. For a machine like this to function very effectively, it requires the use of lubricants like oil (not the kind of oil you use in cooking your stew or soup at home) that is used in oiling the moving parts of the machine to avoid rusting and inefficiency of vital parts of the machine.
The industrial machine comes in different types used for different operations but for the sake of this post, I will narrow it to industrial sewing and weaving machine. The industrial sewing machine is basically used by tailors and fashion designers that design and sew fashionable wears either for occasions or home use while the industrial weaving machine is also used by tailors and fashion designers as well to weave both the inner of the dress (inside weaving) or the outside of the dress (Outer or English weaving). Both machines comes in different brands and sizes.
HOW TO START MAKING MONEY SELLING INDUSTRIAL SEWING AND WEAVING MACHINE OIL?
To start the business of selling industrial machine oil, you must first carry out a general market survey of the business, here is what you will do.
<> Situate the location of your business; this should be properly done as it is a major factor of success in your business. Make sure your business is situated close to the shops and business premises of tailors, fashion designers, barbing saloons, and where that is busy and open to the general public. If you fail to situate your business in places people can easily contact and reach out to you, then you will find it very difficult to excel in this business.
<> Look for a good dealer of the product; there are some dealers out there you do not want to go to especially if you are just starting for the first time, some are bent on cheating you at all cost if you do not know the actual prize of the product. Also you should be careful because some of those dealers can sell adulterated oil which will end up causing problems to machine when used and most of your customers will never want to buy from you again. If you need where you can buy good quality Industrial machine oil to start up your business, contact me with my contact details at the end of this post.
<> Ensure to buy in bulk; although you can still start small in case you do not have sufficient amount of capital to start big but the more you invest into the business, the greater your returns (all things being equal). You cans start this business for as little as N12,000 (minimum amount you can use to start the business).
<> Have a Complementary/Business Card; I always emphasize this to people who want to start up a business. For a business to succeed, one must develop the habit of telling others about the business and one of such ways is by the use of beautifully designed complementary or business cards. Your business card should contain a description of your business operation, the name of your business, office address, Phone number, website (if your business is online), email address, business logo (if you have any). Ensure that the write ups are clear, bold and inviting. To sum it all, make it look professional.
<> Get Contacts of Prospective Customers; there are customers you know that will be ready to patronize you, get their contact details and do a follow up on them. Make sure you call from time to time and create a business like relationship with them. you can send them monthly mails or text messages to keep them informed about the stock you have. This strategy in many ways have proven to be very effective in doing business.
<> Ensure you dedicate your time to the business; time is the most important asset of all, ensure you put in more of your time to the business for the business to grow from infant stage to maturity stage. One of the main reasons some businesses fail is because not much time and effort is put towards the successful running of the business. During the early stage of this business, you should put in much of your time and effort apart from start up capital and gradually your business will grow.
WHAT DO I NEED TO START THIS BUSINESS?
To start this business, you are going to need the following;
>> Start up Capital; The minimum start up capital you will need to start this business is N12,000. But i will advice you to start a bit more than that like N50,000 to N100,000. All things being equal, you are sure of making at least N150,000 monthly depending on the amount you invest into the business.
>> You will need to buy Jerry cans of different sizes ranging 4 liters, 2 liters and 1 liter. Sizes of Jerry cans are displayed below.
 |
| 4 Liters |
 |
| 2 litres |
 |
| 1 liter |
The Jerry cans are not very costly, you can get a dozen of it for N1,000 (contact me for current prize details).
<> You will need to have a label; you can create your own label with your business name on it or you can get already printed label from your dealer. The label is very essential because it gives your product a name and makes it genuine. Note people are drawn most times to the label of a product so ensure you use eye catching labels so you can sell very well.
CAN THEY USE THE OIL FOR OTHER PURPOSES?
Of course you can make use of the oil for other purposes such as oiling of clippers used for barbing and any other moving machine parts. The oil is very effective for all machines and metallic objects. You can use it for your keys, saws and any other metallic objects you have.
HOW MUCH PROFIT CAN I MAKE FROM THIS BUSINESS?
The amount of money you can make in this business is unlimited. As I said earlier, the amount you can make in a day depend on several factors such as location, efforts, start up capital and several other factors that must be put in place. All things being equal, you can be sure of making at least N100,000 in a month. For each four liters of oil you sell, you are sure of making at least N400.
AM NOT SATISFIED YET, I STILL WANT TO FIND OUT MORE ABOUT THIS BUSINESS
I have taken my time to compile an e-book to help you understand more about this business. in this e-book, you will discover the following.
>> Contacts of dealers you can contact to buy from (these dealers have been in the business for long and have a very good track record in the business).
>> Some other business strategies you can apply for the business to grow.
>> You will also get a free inspirational and success e-book as a bonus.
To get your copy of the e-book, simply contact me using the contact form or by my contact details below.
Email: Prosutos@gmail.com.
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