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

The sachet water business often attributed to as ‘pure’ water is one of the remunerative small scale businesses in Nigeria. The business is not certainly a large scale business, as it may require less capital and resources to start. With the available market in the country, pure water business has been thriving, delivering profits to its owners. This merits of the business has made a lot of entrepreneurs and also people to inquire about how to successfully start sachet water business in Nigeria. This article will investigate into what’s involved in pure water business, and sequentially outline the guides on how to start the business anywhere in the country.

pure water business in Nigeria

Pure water business is the enterprise of producing sachet water to the market. In most cases, the business expand to the marketing and selling of these produce for consumers or most times retailers. There are many things and inputs involved to facilitate this type of business. From the plan, production, to the marketing, all these contribute to the success of the business. There are some good number of people who might want to venture into the pure water business in Nigeria. We have come up with this guide so as to give you clues on what involved in starting the business in the country.

Steps on How to Start Pure Water Business in Nigeria (2020)

Just like any other business, there are some important things which needs to be in consideration before starting the pure water business. The market today is very much filled with lots of competing producers and sellers. But you won’t decline your interest because of these numbers, rather, they give you a competition to come out as the best. Before starting pure water business, the following guide should be followed in order to break into the vast business in Nigeria.

Below are step by step guide on how to start pure water business in Nigeria;

Step 1: Have a business plan

Firstly, you ought to have a plan for what you’re intending to start. This plan will be obliging in a way that it will include all what your business will be. To help establish from the onset of the financing of the business – the amount of money needed, then the business plan should include these costs. Business plan is very important in this early stage because it determines the level of funding required and the immediate or potential sources of it. Your plan should also cover some important things like accommodation. On the starting level, the pure water business can accommodation can range from using a two bedroom flat to blocks of flats, depending on which category and the size of the proposed business.

Step 2: Good location for factory site

When intending for a good location for your pure water factory, always contemplate on a connected and market favorable place. You should settle for a suitable accommodation, with access to the market or put up a suitable accommodation. The location of your pure water factory should also be near and accessible to the market and cost of acquisition places. Nonetheless, other facilities must be in place in the factory site, these include essential production factors such as security of the factory, power, access road, and other stuff.

Step 3: Source of water

Starting a pure water factory and hence obtaining the mandatory certification, requires the source of your raw water. This is very important as it’s one of the prerequisites for getting backings by several registration bodies like NAFDAC. In the business, water is the raw material, and it defines the enterprise. Your business should have a constant source of clean water to put the fracking lagoon aeration systems into good operation. For this kind of business which will constantly need water, it’s preferably you have a borehole in your factory site.

Step 3: NAFDAC registration

Obtaining the government approval for your pure water business is an important thing you ought to look at. First, you must meet the requirements: factory site, source of water and the environmental issues. After meeting these prerequisites, you have to register with the agency in charge of food and drug regulation in Nigeria, which is NAFDAC. The cost of registering with the agency is about N30,000. Without approval and certification from the agency, you cannot produce pure water in the country. Getting registered with NAFDAC is a primary and one of the most important step in setting up a pure water business in Nigeria.

Step 4: Facilities

What distinguish your pure water factory products from other ones is the variance in quality. This is greatly influenced by the facilities that are in place to facilitate this production.

  • The Water Purification System is a critical equipment for your pure water business. It’s what makes your sachet water different and sellable than others competing ones. For this reason, you need a very good water purification system. There are several water purification methods such as Distillation, Reverse osmosis, Carbon filtration, Ultra-violet light filtration system and several others.  However, the Ultra-Violet light filtration and Reverse Osmosis are the most commonly used water filtration systems in Nigeria. But the latter type of filtration system is preferred with respect to mass production.
  • Another facility is the Sealing Machine. There are different types of sealing machines from the very small ones to the huge, and automatic ones which is more sophisticated. You should chose from and settle for a good sealing machine for your factory. In terms of quality, efficiency and time, it is recommended to purchase one of those specialized automatic pure water making lines with multiple functions such as filling, sealing, counting, cutting packaging and bag making. These machines may be expensive as it cost about N500,000, but if you can afford it, it’s best for your pure water business.

Step 5: Staff and factory workers

You will need a good working strengths, because there are a lot of procedures involved in pure water manufacturing. Even though it involves some automatic line of production and use of machines, it needs a lot of skilled manpower in doing the business. As such, the business, mostly on manufacturing, it is not something one person can handle. You would need workers to help you out with loading and off-loading, counting, driving, accounting and supervision.   However, starters and new pure water business would need a considerate number of people to be working.

Step 6: Distributors and Van

Preferably, your pure water business should have distributors registered under the company. These are marketers that would get your products at special, reduced prices and in turn, sell to others for a profit. This would guarantee quicker sale and easier distribution of your products.

The distribution van is another thing you would need in the business.  This is a conveying vehicle that will help you with supplying products to customers easily.

Conclusion

When all these guides are applied in starting a pure water business in Nigeria, it will lead to a profit generating business enterprise. We believe you now have an idea of how to start a successful business of this kind in the country. That’s the size of this write-up.

Stockfish/Okporoko Business in Nigeria: Guide on How to Start (2020)

Starting stockfish business in Nigeria is very profitable if you know the basics. Stockfish is also called okporoko in Igbo language is a type of fish used by Nigerian women to aid the taste of soups. Even if you want to begin selling okporoko on a wholesale  or retail level, you need to know trusted importers or dealers of stockfish in the country to succeed in this venture.

how to start stockfish business in Nigeria

Most top stockfish dealers are mostly situated in Onitsha relief market, Warri, Sapele, Aba, and other riverine market communities in the southern region of the country. With these dealers, you can contact them, discuss terms and then start your stockfish business easily anywhere in Nigeria. Another thing to note are the various types of stockfish that are available in the country. Carrying out your research would help you understand what kind of okporoko is being used, sold or high in demand.

How Much It Would Cost To Start Stockfish Business in Nigeria

To start stockfish business in Nigeria, you would need about ₦100,000 to purchase the okporoko. It is advisable to start small if you really want to venture into the business. You should be able to make your first profit, if you successfully sold your first stock. Busy areas or markets are best places to sell stockfish in the country. Since stockfish business is very lucrative, delay in stocking your shop is the only pitfall in doing this business. This can be as a result of not ordering for new supplies or delay of the product not reaching you on time. Customers are willing to buy okporoko as it is essential in preparing most Nigerian meals.

How To Start Stockfish Business in Nigeria

To start this okporoko business, there are factors to consider like location, dealers, finance, delivery, etc. Below are the steps to successfully start stockfish business in Nigeria today and make money from it:

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Step 1: Get the necessary finance

Money is one of the most important factors in any business. As stated above, you would need over ₦100,000 or more to begin selling okporoko or stockfish on a medium or small scale. It is important to note that depending on the scale and type of stockfish you want to sell, you should have done your research on the amount of money needed to start selling stockfish and what it entails.

Step 2: Get a good location

A very good location is necessary if you must be successful in starting your own stockfish business. The most viable place to sell your commodity should be at the market or at areas where foods are being cooked. Getting a location in open places is also good as it helps people notice the commodity you are selling.

Step 3: Get a trusted stockfish dealer

Having set up your shop in a good location,  the next step is to find a trusted stockfish dealer who will supply you with the type of okporoko you want to sell. If its the head, cut body parts, fins or even stockfish cod you want to sell, make sure you bargain with the dealer to sell using the wholesale price.

Step 4: Distribution

You can acquire a few vehicles for distributing stockfish through your buyer network. In Nigeria, we have tricycles, informally known as keke-napep; you can get one or two roadside engineers to redesign the tricycle. They can change the panel of the tricycle, are change the look from passenger tricycle to a courier tricycle. You should also get delivery personnel.

Step 5: Advertise your business

You might be wondering how to advertise your stockfish business in Nigeria to get more customers. The answer to this depends on your locality and the area you secure a spot within the market. This can increase your chances of making profit, if you do the right thing. Telling people about your business can help increase patronage. You can advertise on bulletins, print stickers or posters, detailing people on what type of okporoko you are marketing.

Types of Stockfish Found in Nigeria

There are various sizes and shapes of stockfish sold in the country. The following are the types of okporoko you can find in the Nigerian market today:

  • Stockfish Head
  • Cut Body Parts
  • Okporoko Fins
  • Stockfish Cod
  • Whole
  • Head and Ears only
  • White bone of okporoko
  • Head and Bone only
  • Cut-Cut

Importing Stockfish into Nigeria: What To Note

This is for those who wish to do this business on a large scale. If you want to importing stockfish from abroad into the country, it would be quite expensive. Countries where stockfish can be imported from include: Norway, United Kingdom and even Iceland. Normally, the bulk of stockfish imported and consumed in Nigeria are gotten from Norway. Aba and Onitsha markets are where most dealers gather that sell in wholesale prices. We also found out that importing one metric tonne container of stockfish into the country is estimated at ₦50 million, minus custom duties and othe container expenses.

Top Best Stockfish Dealers in Nigeria

These are trusted dealers to buy stockfish or okporoko from. Kindly note that their prices may differ and they ship to anywhere in the country.

Ekene Ventures Ltd

Ekene Ventures Ltd is a top seller of stockfish in the country. They own a warehouse where they operate stockfish distributing to any state in Nigeria.

FoodHub Africa

FoodHub Africa sells stockfish and other food items online. They operate an online food store where you can order from and get it delivered at your door step.

Franceo Investment Limited

Franceo Investment Limited is also a good dealer and importer of stockfish. They are based in Lagos and are quick in response.

Nolly Fysh Limited

Nolly Fysh Limited are also one of the best stockfish dealers that deal with different types of stockfish. They import directly from Iceland and Norway.

Stockfish Warehouse

Stockfish Warehouse is another trusted retailer that deal with high quality cod stock fish. They import directly from Norway and are based in Abuja. They are one of the leading dealers and importers on okporoko in Nigeria.

Cost of Stockfish in Nigeria Today (2020)

The price for stockfish is dependent on the type and differs from one market to the other. In Nigeria today, a bag of stockfish cut-cut can be bought for ₦80,000 to ₦90,000. Also, a bag of stockfish containing the heads and ears costs up to ₦70,000. The bag without ear and only heads of okporoko price is ₦40,000. While these figures are recent, note that if you don’t want to buy from third parties, and you want to import, the price of one metric tonne container of stockfish costs around ₦50 million naira. The biggest locations in Nigeria that is famous for okporoko importation are Onitsha and Aba matkets respectively.

Conclusion

Stockfish business is a very lucrative business. Over 90% of homes in Nigeria, use stockfish in cooking soups, sauce and stews. If you start this venture, you would always have a large market niche.  This article should help individuals that want to start big and start accruing profit very fast from okporoko business.

In the course of this article, we provided the guide on how you can start making money with stockfish business in Nigeria. The native name for stockfish is okporoko, and it is a fish that allows your soups to taste better. For you want to succeed in okporoko business in Nigeria, you should link up with stockfish dealers in Nigeria from towns like Onitsha, Aba or even any riverine area in the country. The subject reviewed is quite novel, so if you have any questions or need any clarifications, use the comment section.

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

A cinema or movie theatre is a place where movies are shown on large screens for a paying audience. It is usually characterized by superior sound effects, high picture quality and comfortable furniture. Nigerians love going to the cinema to see movie and you will agree with me that we have few of them in the country.

cinema business in Nigeria

In fact, I bet you can count how many of them exist in the city you live. With the unending thirst of movie by Nigerians, it will be a nice business idea to set up a cinema in the city where you live and make money from it. This of course depends on if the area favours such. Follow the steps below to start a cinema business in Nigeria.

STEP 1: GET A LOCATION, EQUIPMENTS AND CAPITAL

The single most important factor that will make or break your business is location. Yes, location. This has it way on deciding a lot of things in the business and as such, you can’t afford to play with it. The location will determine the kind of movies to be shown, the hospitality that will be expected from your customers and the amount you will earn from the business. So do your market research and select a location wisely. You can either build a hall in this location or rent one. However, make sure it is large enough to accommodate a large number of people at least 100 for a start. After getting a location and getting a hall, buy your basic equipment such as projectors, screens, lighting, and sound systems and the fittings of the cinema. Note that the seats, their arrangement and how comfortable they are is very important.

After deciding on your location, the next thing and actually the most important is to acquire your startup capital. From your research, you will know how much is required – go get that amount.

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STEP 2: GET TRAINED

Every business need a trained person to run it and the cinema business is no exception. Aside this formal training, you can also visit your competitors and see how they run their own cinemas o have a clearer picture of what it takes.

STEP 3: REGISTRATION

You need to register your business with the Corporate Affairs Commission (CAC) if you want it to be standard. Also, it will be best in your interest and credibility sake to register with the Nigerian Film and Video Censors Board (NFVCB) because the body has the sole responsibility of regulating the movie industry in Nigeria.

STEP 4: ESTABLISH CONNECTIONS WITH MOVIE DISTRIBUTORS AND DIRECTORS

Movie distributors and directors are the nerves of the business. you are going to be showing their product, some might even be licensed to you alone will you can even be chosen to be the first to show a movie so build relations and leverage them for good.

STEP 5: EMPLOY STAFFS AND ADVERTISE

After all the above are in place, the next is to get your staffs. You can however get them before setting this up and get them the necessary skills they need to give your customers maximum satisfaction. After all this, you will need to advertise your new cinema for people to know about it so they will patronize it. To make more money, you will do well by having a snacks stand close by.

COST OF STARTING A CINEMA BUSINESS IN NIGERIA (2020)

The total cost you would need to start up a cinema business in Nigeria depends on factors like location and state. After conducting a feasibility study, the minimum estimated cost could be N5 million while if you want to open a cinema house on a large scale, it could cost you N50 million.

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