How to Start a Fashion Boutique Business in Nigeria (2020)

Starting a fashion boutique business in Nigeria is a lucrative business that attracts a lot of customers. Although, there are a lot of quality/best fashion boutiques in Nigeria, venturing into such clothing business is profitable as long as you satisfy your customers by selling high quality clothes, keep up with the latest fashion trends in the fashion industry and maintain a good relationship with your buyers.

fashion-clothing-boutique-in-nigeria

Most people will argue that in Nigeria, fashion boutique business is done by mostly ladies than men. While this might sound true, men that do fashion business in Nigeria are increasing on a daily business. This article will serve as a guide on how to start a fashion boutique in Nigeria, why you need start the business, best location to start a fashion boutique so that you can make the necessary profit accrued to the business.

Advantages of Starting a Fashion Boutique Business in Nigeria

1. Demand for Cloths is high

If you go to markets where people sell clothes in Lagos for instance, you will see how buyers rush the sellers of these wares. It is imperial to now that there is a high demand for cloths from people as they always need to wear cloths. Since people like to look good, it is only normal that they would love to buy good quality and stylish clothes.

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2. You can either focus on a special type of clothing or all types

There are lots of areas to specialize when doing fashion boutique business. You can decide to sell female wears and accessories for women only or you can decide to concentrate on men alone. You could also sell fashion wares for teenagers or babies. Although, one might be tempted to go into all kinds of fashion trend, its advisable to stick to a particular kind of wear.

The only recorded disadvantage of running a boutique in Nigeria is its expensive nature especially when you are importing clothes from abroad. The Naira to Dollar is not favourable for those involved in this business

Things to consider in starting a successful Boutique Business in Nigeria

1. Understand the business and the latest trends in Nigerian Fashion Industry

The fashion industry is a dynamic one with various trends. It is important that you surf the internet for top best fashion websites which can be gotten online to get the latest trends in the fashion community. It would not be good for your fashion business if you do not keep up with the latest style in different fashion design as you may lose sales and customers. It is very important to learn and know the latest fashion trends so as to attract potential customers.

2. Prepare your Fashion Boutique Business Plan

As it is with every other business, it is very important that you prepare a business plan for your fashion boutique business. The business plan will outline the aim, short and long term goals e.t.c on how to run the business. Carrying out a feasibility study will help you draw up a good fashion boutique business plan.

3. Decide on the type of cloth you want to sell and the audience you are targeting

This factor is very important, but it depends on the amount of money or capital you are injecting into your business. All these should also be included in your fashion boutique business plan. The type of cloth, whether it is for female or male, old or young or even for children should be put into consideration.

4. Find a good business location

A good business location to start your fashion boutique business is an important factor that you should put into consideration. I normally advise people to go to open areas for such business because people will see the wears you display outside. Also choose a location where customers can locate you easily

5. Chose a unique Fashion boutique name

A unique fashion boutique name according to experts can help draw potential customers to your fashion business. People love to identify with brands, so if you have a unique name for your fashion business, whenever people see it, will want to visit your boutique.

How to Market your Cloths/Fashion business online

Apart from the normal creating of flyers, pamphlets and other forms of advertisements, a good way to advertise your fashion business is online. Online platforms to advertise your fashion boutique business in Nigeria is through popular shopping websites like Konga.com and Jumia.com.ng.

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Hotel Business in Nigeria: Guide on How To Start (2020)

Hotel business is one of the most lucrative businesses in Nigeria if you know what you are doing and of course, you are doing it right. While some people will say it is not that lucrative, I beg to differ except of course if you set it up without doing your research well. This article will reveal to you how to start a hotel business in Nigeria and make money from it.

Hotel Business in Nigeria
Hotel Business in Nigeria

First of all, I want you to know that you can start your hotel under a registered hotel and answer their name. However, you need to comply strictly with their guidelines. Alternatively, you can start yours independently. The advantage of starting your hotel under a registered name is that you will be leveraging on popularity of such hotel and also getting referral customers.

However, they have their strict rules that not everyone can keep to. If that’s your case or you want your own brand then why not start on a new slate. Follow the steps below to start your own hotel business here in Nigeria.

Write a hotel business plan

There is no business that does not need a business plan. You will need this to help you organize how your venture will be run. If you cannot write a hotel business plan, i will suggest you look for an expert to do that for you.

Get a location

The success of your hotel business is location dependent. It determines the volume and class/type of customers you will attract. So let the volume and class of customers you will want determine where you will locate your hotel. I suggest you get a location close to a university, polytechnic, or where there are organization or business. These places are hot areas you can secure a location for your hotel.

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Build Structures

After securing land, proceed to getting approval from the ministry of land in that area and get approval on the type of structure you want to build. Have this in mind: the type, quality and finishing of your building, furniture and other utilities in the hotel will be your major selling points, so don’t cut corners here. Hotel business is a serious business. If you need to earn money from it, you need to spend.

Register your hotel at the appropriate commission

For your hotel business, you will need to register with the Corporate Affairs Commission (CAC) and the Nigerian Tourism Development Commission (NTDC).

Hire staff and get them trained

Customer service is at the core of this business and as such, you can’t afford to do without trained staffs. You can either employ already skilled staffs or employ and train yours. One of the places you can get your staffs trained is the National Institute of Hospitality and Tourism located in Abuja.

Without customers, your business is dead on arrival. To avoid this, you need to advertise your hotel and get it popular among those that matter. Those that are within your audience range, those that are influencers and those that can help you grow.You can advertise on church magazines in the area, billboards, newspapers e.t.c. All depends on your pocket.

Wrapping Up

Aside the above, treat your staffs well, from the management, to the security and to every person working with you. Else, for every unhappy staff leaving your hotel to another hotel are also some of your customers leaving you because hotel customers usually build a good relation with the staffs and usually contact them before coming.

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Davido Places A Whole Estate On His Neck As He Flaunts His N300Million Diamond

30 Billion Gang boss Davido is one of the wealthiest musicians in Africa.

Born David Adeleke, the Nigerian Afrobeat star has garnered millions of dollars from his music career and his private businesses.

Davido is known for flaunting his assets coupled with his lavish lifestyle has yet again put his luxurious jewelry on display.

The ‘If’ hitmaker wore his N150 million Diamond crusted chain together with his other highly expensive necklaces to a hangout session with some friends.

According to an insider who gave an account a friend said;

Davido placed a whole estate round his neck”. We did a rough estimate of all Davido had on him in the latest video he uploaded on his social media page and he’s worth close to N300 million.

Davido had the full use of his jewelry box In his new appearance. One could spot his CR7 piece, N4.5million worth Cartier Glasses, 30BG Diamond crested ring, and his new 30BG chain’.