How To Start Perfume Oil Business In Nigeria
How To Start Perfume Oil Business In Nigeria. Get Informed On How To Start your Own Perfume Oil Business In Nigeria. Check This Post.
Do you want to start up a business? have you considered how lucrative perfume oil business is in Nigeria? It would not be a bad idea if you start up one you know. In this article, I have put together all the information you would need to start up a successful perfume oil business in Nigeria. Let’s get started.
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Is perfume oil different from the regular perfume?
Yes, perfume oils are quite different from the regular perfumes. Perfume oils are used to make perfume. They also last longer and are less expensive than regular perfumes.
What are the steps to take when starting perfume oil business in Nigeria?
You cannot just start a perfume business out of the blues, you would need to follow some steps if you want to get the best results. Here is what you need to do:
- Decide what brand of perfume you want to sell
- Get familiar with the market
- Raise capital
- Market your products
- Buy your products
- package your products properly
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How To Start Perfume Oil Business In Nigeria
1. DECIDE WHAT BRAND OF PERFUME OIL YOU WANT TO SELL
The first and foremost step you need to take when starting a perfume oil business is to decide what brand of perfume oil you want to sell. There are different brands of perfume oils and their price varies. I’d love to classify perfume oil into three categories which are: designers, oud as well as regular perfume oil. With a feasibility study as well, you can be able to decide which would work best for you.
2. GET FAMILIAR WITH THE MARKET
Once you have decided on the brand of perfume oil you want to sell, the next thing you need to do is to get familiar with the market. I have a friend that used to buy the smallest bottle of perfume oil from another lady at 800 naira and sell at 1000. She didn’t have an idea that the bottle is sold for about 300 naira if she had gotten it from a proper wholesaler at that time, just imagine the kind of profit she would have been making if she was buying at 300 naira right from the beginning. It would have even given her room to get her own branded nylons and so on. This because she was not so familiar with the market.
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3. RAISE CAPITAL
Capital is the backbone of every business. without capital, businesses would go into extinction. It is therefore important for you to raise capital for your business. you can raise capital by talking to your family or friends or even applying for a loan if you have no money.
4. MARKET YOUR PRODUCTS
Marketing your products is very important. In fact, I put this step before buying your products just because it is important to see the turn up of customers. The best way to market your product before getting them is online method. Most through the use of social media where you can reach a wider audience
5. BUY YOUR PRODUCTS
Once you have seen how people react to your products, you can go ahead and buy them. This is because you don’t want to purchase products that nobody would buy or that would stay a long time with you before you sell them.
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6. PACKAGE YOUR PRODUCTS PROPERLY
Yes, packaging is a big deal. It makes your products very attractive and unique. Of course, many people sell perfume oil today but focus on how yours would stand out.
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