0 of 10 questions completed
Welcome to Billionaires Club Quiz Game. Answer all questions correctly and save your info on the Leaderboard to stand a chance to win FREE AIRTIME
You must specify a number.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Time has elapsed
You have reached 0 of 0 points, (0)
|Table is loading|
|No data available|
Are you a Nigerian looking for something to do as business or you just graduated from the college and you are still waiting for that white collar jobs in Nigeria where you can knot tie and put on that corporate suit and jacket everyday? Well let me introduce you to a business that is fast yielding profit, not just a little one but profit that you can conveniently rely on. This business I am talking about is eggs supply business.
Eggs supply business is very lucrative and you can determine what you want your profit to look like. Before we analyze the potential profit of this business, let us know the advantages and uses of eggs to see the reason the business of eggs supply is booming.
Egg is high in cholesterol and this makes it a perfect diet for growing children. It can reduce risk of many diseases, it supplies quality protein to the body, it is rich in vitamin A and this helps healthy eyesight, it contains chlorine and this is used to build cell membranes which helps in producing molecules in the human brain.
The uses of eggs are numerous, we use eggs in baking different types of confectioneries like bread, cakes, meat-pie and so on. It is used as cosmetics like shampoo, conditioners, soaps, cholesterol, face mask and lots more. It is also used as glue, the sticky quality of egg white clean some certain surfaces like leather. To make it clear, the demand for eggs in the Nigerian market is so high right now and will continue to be so.
For you to make success in buying and selling eggs there are some tips to put into consideration and here are some of the tips you need for your eggs supply business.
Have Your Own Vehicle
Egg business is more profitable in Nigeria when you make it a mobile business. Purpose of this is to make you distribute your eggs conveniently to your customers. Most shop owners usually feel too comfortable once they are seated in their shops, and so they feel reluctant to go to the farms in order to pick eggs and also they consider the number of cracked eggs they will realize picking eggs directly from farm on their own. This is why being mobile is important in egg business.
Locate Your Target Market
Picking up eggs from farms is not a problem, your target market is what matters to you. Your target should be the highly populated environment. It could be markets any where, the mobility aspect makes you spread your distribution process all around. Once you know where and whom to distribute your eggs to, you will only need to go there directly.
To start buying and selling eggs, you must locate two or more farms depending on what capacity you want to work on, a poultry farm is where you can pick up eggs for sale. Before you can start picking eggs from farms, you must be a registered customer with the farm, and you must be consistent there, meaning you have to always pick up eggs weekly.
Other Working Tools
The basic tool needed for this business is empty crates, it could be paper crates or plastic crates. You can buy crates of 100 pieces at N10,000 or N5,000 if you choose to buy the paper crates , the total number you will need to run your business now depends on you. Note that the paper crates are more protective to your eggs, it reduces the number of cracks you will realize from transferring your eggs, and it is cheaper as well but damages more quickly than the plastic ones.
Cost of acquiring a used vehicle constitutes almost 90% of your capital needed in this business. Once you are mobile, the only cost you will need to run this business for a start is N80,000, with this amount you can buy 120 crates of eggs. A crate of egg can cost N650 or less from farm depending on the size you choose to buy, any balance left will be incurred on fueling your vehicle and other road expenses.
Potential Profit In Eggs Supply Business
In this business, you are your own boss and you will decide how much profit you want to make in a week. Depending on any size of egg you choose to buy, you will gain profit of N100 on a crate of egg if you sell as a whole seller but if you choose to sell as retailer you can have profit of N300 on a crate. If you restrict yourself to selling just 100 crates of eggs weekly, that means you will realize profit of N10,000 weekly and this is just N40,000 monthly.
This is how you determine your profit. Setting a target to sell 1,000 crates of egg per week will mean you will realize 100 x 1,000 = N100,000 weekly, multiply this per month, that is a whooping sum of N400,000 profit monthly. If you deduct your monthly expenses from this amount am very sure you will still have a reasonable amount to save.
Buying and selling eggs might look odd to you but concentrate on how profitable it is and stop waiting for gainful employment in that oil and gas company that may not come until when your responsibilities are enormous. Keep yourself busy and be productive.
Feel free to leave a comment, and if you have any challenges, don’t hesitate to ask questions, locating a farm where you can pick up eggs can also be a challenge to you, ask us any question we will gladly respond to you.
Wish you all the best in your business career.