In this post, I will show you Start Nylon Production Business in Nigeria. Do you know that nylon cutting and sealing business is very lucrative? Here we will also show you how lucrative is nylon business in Nigeria and how to get started.
Nylon is a man-made synthetic fiber that is strong while very light in weight, properties that lead to a wide variety of uses, such as fabric, rope and luggage.
Nylon is made by pushing a molten nylon through a small hole in a device called spinneret; This device then turns this molten Nylon into a filament.
This Article will clearly guide you on ways to start your own Nylon making business and make good profits from your effort.
Nylon processes many properties that makes it stand out as a easy to use, elastic material. What’s more about Nylon is that it does not require any special arrangement or laundering effort since it can be washed with any other item.
The Demand for Nylon worldwide has increased extensively, this makes it a gold mine business to invest your time and effort into. It is of major significance to any countries economy because of its variety of uses, which makes it a number one business to start.
Profitability of Nylon Production Business
Do you know you can become a millionaire by starting up a nylon making business. Yes, the demand for this dynamic product is never ending, it has so many uses that cant even be fully mentioned.
Every year, Nigerians spends more than 50 billion naira on nylon purchase. The most profitable aspect of this business is that, it is not a seasonal market and can be set up with just 20,000.
Yes, twenty thousand naira only. You must now be very keen to know how to set up this business, no worries, I will give you a detailed guide on how to set up this business.
Opportunities/Competition of Nylon Production Business
What is that thing that they put our purchased goods inside, at malls, local markets, stores and even that provision shop down the road; Nylon.
Even the famous pure water, is packaged with nylon. The competition in the Nylon business is much, however, the demand always seems to outgrow supply, so don’t worry about not selling your products, in good time you might even be choosing your customers.
How to Start a Nylon Business
Now its time to give you the necessary tips on how to start a profitable and successful Nylon business. Firstly, you will need the equipments listed below. I am assuming you want to start a small nylon business instead of a massive nylon plant.
1. Get the Raw materials
Most of the required raw materials can be gotten from refineries, since they are by products of petrochemical processing. Examples of this raw materials include Polythene, Polyethylene, Ecorene, Lupene and so on.
2. Get the Machines needed
Since I assume you want to start a small business for the mean time, here is a list of the machineries you will need for a small start up.
Semi-Automatic Nylon Cutting Machine
There is printing component that will enable you print designs on this bags. You can buy this component or ignore it, you can sub-contract printing of designs to another company and pay them, printing in Balogun market Lagos early this year, went for 100 naira per print.
If you plan on making small nylon bags without designs, then you don’t need this component at all. However, if you can afford the cost of buying a fully automatic machine, I will advice you get that one since its more effective and faster.
3. Acquire Capital
You will need some capital to set this business up. the required capital can differ depending on how large you want the business to be, However, for starters you will need 20 to 40,000 naira to set it up properly.
Ways you can raise the required capital include;
4. Get Shop Space
This is the location where the nylon making will be going on. It doesn’t have to be the size of a football field, a nice spacious work space will do fine for the mean time.
The machines maybe a bit large so emphasize to your real estate agent about space, you don’t want a cramped up working environment.
It is always a bonus to get a physical shop near or inside a local market, this means you are closer to your customers and,transportation is easier.
5. Do Some Research/Develop a Business Plan
Do not be a victim of ignorance and lack of proper knowledge or maintenance. Do your research on how to make this product, it is far from enough to purchase the machines stated above, you must learn how to use them or face the risk of having spoilt machines all over the place. Furthermore, develop a business plan on which you can manage your business.
Experts have discovered that the reason why 60% of businesses fail in Nigeria, is because the lack a proper business plan. Some people delve into businesses without even been able to differentiate capital from profit.
Develop a business plan and follow it with a all commitment, set a goal and objective and do not stop till you attain it.
6. Start Making Nylons
Polythene bags are made by heating and cutting rolls of film. Rolls of sheeting or tubing are fed through the machine.
The Device then draws out the rolls into segments of specified length, cycles to place a seal on each segment, and cuts off each segment to make an individual bag.
This process might seen rudimentary in nature, but trust me, it becomes a part of you in no time, like putting on your cloths in the morning.
7. Sell Your Products
Now that you have finished Nylons for sale, its time to sell your products. You can sell your Nylon as a wholesaler to this pure water companies or even shopping malls.
However, this stores may require that you, print certain brand designs on the polythene bags and they prefer to buy in bundles. Once you get four of this kind of customers, you can be raking in 100,000 naira every month for the first six months.
8. Employ Extra Hands
When the business must have matured enough and your customer demands are so much that it starts to weigh down on you.
It is time to employ some extra hands, you can do this putting a wanted sign outside your shop, it works every time. Take care to make sure you employ hard working and competent workers.
You do not want to employ workers who slack and make silly mistakes and will therefore cost you customers and money.
9. Make Your Business Known
Since you are now your own boss, you can create business cards for your self and some flyers for distribution, to let people know about your business and its location.
Challenges Of Nylon Production Business
Apart from the normal challenges entrepreneurs face in the business world, like raising capital, getting a good location, finding the right employees and so on.
Small scale business owners face other kind of challenges. Some challenges in the Nylon manufacturing business include;
1. Power Supply
Epileptic power supply is one of the major challenges small scale business owners face in Nigeria. Power is needed to run the machines and when there is no power, business owners have to purchase fuel to power their generators.
Read Also: How To Produce Hair Conditioner In Nigeria
2. Finding Machine
Although, machines for small scale nylon manufacturing can be fabricated locally, it is quite difficult to find a machine when trying to expand your business.
The problems listed above are some of the hurdles you might come across when starting the business. However, with hard work, patience and commitment, they will be nothing compared to the profits you will be making.
Although, there may be many players in your country’s nylon production industry, supply is yet far from being saturated in most countries due to the constantly huge demands. So, there is a ready market for the products everywhere at any time.AD: Click here to Read Latest School News, Jobs, Scholarships
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