In this post, I will show you how to start a provision store business in Nigeria. Here you will see provision store items list in Nigeria. Previously we wrote on How to Start a Supermarket in Nigeria; Everything you Need to Know
How to start a grocery store in nigeria. Starting a provision store is good business to do considering how profitable and lucrative it can be.
The business entails having a shop or space you stock up with basic house hold items and products that people use and need on a daily basis.
The business also involves buying goods in bulk at wholesale prices and sell to consumers at retail prices to be able to make a profit.
This is a business that does not really require a large amount of money since you will be dealing with basic house hold items that are not really expensive unlike major supermarkets that cater to various needs of people as can be seen by the different types of goods that are bought and stocked in the supermarket.
Provision store items list in nigeria
What type of products can you buy to sell to customers and consumers , products that you can buy include
- soaps for bathing and washing,
- milk, beverages,
- sweets and candy,
- toilet roll,
- and much more.
This is a business that was considered to be the business for only women, but overtime and these days we see men also getting involved and setting up the business as well meaning this is a business that can be done by every one.
Also this a business that can be easily done in your locality around where you live or stay as you cater to the needs of your neighbors and those leaving in that area.
Reasons why Provision Store Business is Good
1. NOT MUCH PEOPLE CAN BUY IN BULK
A lot of people need basic house hold items to use on a daily basis but are not able to buy in bulk and store at home, therefore it is a relief to buy a single item instead of buying it by the dozen or much more.
It also gives them the opportunity to buy different types of products without spending a lot of money in the process.
For example a person can buy an item each of a soap, battery and toilet roll and would have bought what was needed for that period or that day without spending a lot of money.
2. IT IS CONVENIENT
Some times some people get home and realize they have run out of some products at home. For example they may want to have a cup of tea and discover they have no milk or sugar.
At this moment instead of going to a far distance especially at night, they can easily go outside their gate or home and walk up to the nearest provision store in their area and buy what they need.
Things you need to Start provision store business in Nigeria
1. DETERMINE THE PRODUCTS YOU WILL LIKE TO SELL
Before starting the business, you will have to decide the type of goods and products you will like to sell. As stated earlier there are a lot of products you can sell and make money.
You will need to do a bit of research in your area to find out the kind of products that people like to buy most and stock up on those products.
2. SHOP AND SPACE
The next thing you have to do is to get a shop where you place your goods to start the business and be operating from.
This is a business that can be started in your area and neighborhood especially if there are a lot of people living around you.
When looking for a shop make sure it is within a popular location within your area where people can easily have access to you, also try and get a shop that it spacious enough.
This does not mean you have to rent an extremely big place, what is important is you get a shop with enough space to adequately accommodate your goods and products so that your shop does not look cramped and so that people can easily view what you have in your shop and may be walk around and pick what they want by themselves.
3. EQUIPMENT AND MATERIALS
When you have got your shop, you will now have to equip the shop with necessary equipment and materials that will be needed for the shop.
You will need to get a carpenter to build up some shelves for you as this is where the products that you have bought will be place and displayed for sale. You should make sure that the carpenter makes use of good wood so that you will not problems of rebuilding shelves soon again for the business as this can disrupt the flow of your business.
You will also need at least a table and chair for customers to place their goods on and maybe to sit down while waiting to buy their products.
Also packaging materials like bags will be needed to give customers to carry the products they have bought.
Well as can be seen this is a good business to do and you can make some money from it. You have to find out and decide if you will register the business now or later when you expand the business after doing a feasibility study for your business now and when you plan to expand.
An important aspect of the business for you to succeed and grow is to have a good customer service by treating your customers in a nice and good way to make them keep coming back and patronizing your business.
If you need complete provision store business plan, kindly contact us. We will write it for you as soon as possible.
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