Car battery selling business is one of the highly profitable businesses in Nigeria. It is profitable by virtue of the fact that Nigeria has a lot of cars, so many cars.
Aside from cars, almost all kinds of vehicles, trucks, heavy-duty machinery use car batteries. Car battery selling business is simply the buying and selling of car batteries. This business guide will be showing you how to go about that in Nigeria and make lots of profits.
In this business, you do not need to manufacture this battery yourself all you need to do is buy and sale. This page will teach you how to do your feasibility study, how to beat the competition and be at the top of your game, will also guide you on licensing, places you can purchase and everything you need to know about How to start car battery selling business in Nigeria.
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But, what is a car battery? A car battery is an auto device used to power or ignites car engines. They come in many sizes, shapes, and make.
Types And Categories Of Car Batteries Sold In Nigeria
1. Starting, Lighting and Ignition Batteries
2. Deep Cycle Batteries
3. Valve-Regulated Lead-Acid Batteries
4. Wet Cell (or Flooded) Batteries
5. Lithium-Ion (Li-ion) Batteries
Car battery selling business in Nigeria is very lucrative and recommended to any persons or group of persons who want to venture into a business like this. Why do I say it is profitable?
One, once you know where to get it at a very cheap price you can sell to people and make double of your profits. Take for example if one battery you bought is sold for 30,000 naira.
You can buy them in bulk and resale for 40,000 to 45,000 naira. Calculate for 50 pieces of batter, it is a huge amount of money.
Number two reason why it is profitable is that it is needed by almost everybody who owns a vehicle needs it. Hardly do you see a driver who has not had a thing to do with car batteries. The car battery is the livewire of the car.
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The discussion above has already highlighted the market structure and demand overview of this business. But what kind of market should you target?
Coming into this type of business may not really be easy for you if you do not check out how the demand in your area for car battery is.
Now to be on top of your game you need to look for a busy environment with a high car density. But you might be fortunate to see yourself in an environment that is conducive to you but full of competitors. How do you break even and succeed?
To succeed you must employ so many strategies like reduction of prices. Most times when you find a shop or store that sells it cheaper than where your competitors buy you will be able to make it cheaper for people to buy. Another thing is that you must sell all kinds of car batteries in other not to die off the business
How To Start Car Battery Selling Business In Nigeria
You Need A Good Business Plan:
Before starting this business, a business planning on car batteries is required. It is a documentation of your proposed business structure and every other necessary thing.
Business planning means sitting down and drafting how you want your business to be. Also, included is the capital needed to start, staffing, business’ aim and objectives etc.
Your business plan also documents where to buy the batteries cheaper, where to sell and the selling prices, and profits etc. It is here, too, that strategies for the business’ profitability are documented. After considering the above from a practical perspective, you may then proceed to the next stage.
Get A Store/Shop:
Get a shop/store where you will be selling your car batteries. Let it be where there is much presence of people and vehicles. Batteries do not require heat or moisture. So, ensure the place is well-sealed and secured against burglary and theft.
Licenses And Permits:
You have to register your business with the appropriate organs of the Government to avoid legal altercations. You are advised to register your business with the local business authority of your state you are staying. It could be the internal revenue system or Cooperate Affairs Commission of Nigeria (CAC).
Pick A Good Business Location:
The location of a business has a major role to play in the success or failure of a business. Car battery selling business should be sited around the busy part of town, the roadside etc. and any other location with much traffic.
This includes human and vehicular traffic. Position the business in such a manner that drivers can easily see the products and pickup.
No much knowledge is needed in this business. You don’t necessarily need to attend a conventional school to learn the trade.
You only become an apprentice for at least a year and six months to a person who is already selling batteries. There, you will learn the rudiments of the business till perfection. No special training is needed. What is needed is an apprenticeship.
This type of business does not need a certificate to start or run. Your certificate is you apprenticeship experience. You are the boss of the business.
So, no one will supervise you but yourself. That is why good apprenticeship and mentorship is a must for success in this business. If you start without these, you may fail except you have an alternative plan.
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Once you do your research you will get to find out. I cannot state exactly for now because it may vary. Batteries are costly. Combining this with the cost of business registration and shop acquisition may gulp roughly N350, 000.
No much special tools are needed other than plier, scissors, screwdriver, spanner etc. You will use these to fix, cut and work on the installation of the battery where it is required.
In car battery selling business, once you are starting newly, you may not need to have a staff or a sales boy or girl. The reason is you need time to study and understand the business terrain personally, first.
Even though you are experienced, you are still a newbie since you are just opening yours. So, you need time to study how to maximize and profits and losses.
Secondly, at first, you may not have the necessary capital to take care of staff. But as the business gets bigger and you start having many customers, you can then start recruiting staff to assist you.
Advisers, Coaching, and Mentorship
You need someone to coach you, especially someone who has already been in the field ahead of you to guide you through.
Your advisers here could be your coach or any other person with knowledge of the business. Even your customer could be your adviser.
These are they who will guide and mentor you for a lesser fee. It is up to you to start making research. Please do not go to inexperienced people. Even if it means going out of the state, please do. Provided you see what is best for you.
There are many ways to market car battery selling business in Nigeria, especially for businesses sited in highly competitive environments.
Some of the advertisement modes include running online Ads and offering pick-and-drop battery services to those who need them.
Also, create awareness by sharing posters, handbills, and fliers. Mount a big signpost in your business premises elegantly advertising your business.
For sustainability of the business, keep your prices affordable and offer high quality, longer-lasting batteries to your customers to beat the competition.
Consider placing advertisements on billboards at strategic places in town. Also, do radio and/or television jingles in the state where you operate.
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