Baby Item Business Plan In Nigeria: There are a whole lot of profit opportunities that exist in this business and are available when you decide in starting a business centered on baby items. For those who are very interested in starting this business and are not sure of what to do, then you can start buying purchasing our Kids clothing business plan in Nigeria
According to study, baby item Business in Nigeria is a business that has a high chance of succeeding as it is a business that receives high patronage because of its demand.
For those people who wants to start kids item line of business in Nigeria, and are seeking for a well documented and comprehensive detailed business plan, then you are on track with us. We have the latest kids clothing Business plan in Nigeria for you.
Hurry now and get our Baby Item Business Plan In Nigeria & FEASIBILITY STUDY. To place an order, pay N10,000 to
Account Name: Ogumka Innocent
Account Number: 0153723721
GT bank
After payment, send your name, email address and what you paid for to this 09066078526 and in less than four minutes, you get the baby item Business Plan in your email address
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
This business is a very lucrative one especially here in Nigeria. Our Nation has a huge market for sale of baby products ranging from diapers, to baby clothing to baby shoes, baby toys and other products that can be associated with children under 18 months of age – those that can reasonably be breast fed or still growing little teeth.
If you are among those who don’t have a job and have been looking for a job to do and you are yet to get one or you have been seeking for a business to start on a small scale which does necessarily require a lot of capital in the beginning.
Recall that babies are the darlings of every home in Nigeria. However, children can possibly do no wrong but they are the most destructive, restless, playful and distracting members of many households. Every loving parents know every child needs some form of item which are very necessary. Also, we have seen that it has become habitual for Nigerians to celebrate with their family member, friend, colleague, church member or neighbor who just put to bed.
When they pay these visit to their host who just put to bed, they choose to celebrate it by buying baby products as gifts presented to the parents as a way of showing their love for the new child. It is a very common
What Are The Opportunity In Selling Baby items In Nigeria
You should be aware that in Nigeria, there are various opportunities that lies in selling baby products. Lets draw some examples so that you can understand what we are talking about. For example, in 2016 an estimated 5.2 million babies were born in Nigeria l. Among these, there are over 2 million of them born to parents who reside in many Nigerian towns and cities. Also, you should note that the main customers of baby products reside in the towns and cities of which an estimated 40% of Nigerians are resident in. The big towns and cities include state capitals, transit such as towns, trading towns and other densely populated commercial areas etc
Another interesting thing to also note is that our country’s population is growing at an alarming rate of 3.2% per annum. With this statistics, Nigeria will become the 3rd largest country in the world – by population – by the year 2050 when our population would have reached 400 million. One of the reasons for this population growth is that family planning is not widespread in Nigeria.
Have you noticed that most homes in Nigeria have a minimum of 4 children? This can also be found among educated middleclass families. Another reason is the is that of early marriages. In Nigeria according to statistics, women get married as early as 21. When you add this up with the Nation’s high fertility rate of 5.7%, it means that majority of the country’s women between the ages of 19-39 will give birth to at least 5 children owe home and if this is the case, Nigeria will be the 10th highest in the world. With this statistics, Nigeria will keep giving birth to millions of babies every year.
Why is the baby item Business okay.
The Population is large
One factor that could stop
this business from been profitable and lucrative is if babies are no longer giving birth. From what we know, this doesn’t seem like happening any time soon as babies are born at a regular and steady rate on a daily basis.
With a lot of babies being born everyday in Nigeria, they will need to be clothed and also parents have realized this and are willing and ready to go to any length to buy clothes for their babies.
Huge Pool of Customers in Nigeria
According to research, there is a very high market pool of customers to tap from. There are over 38 million customers to consider (parents with children less than 2 years). About 15.2 million of them reside in state capitals and cities such as; Lagos, Port Harcourt, Abuja, Benin, Jos, Kano, Ibadan, Ilorin to mention a few. From this calculations, the population keeps increasing year after year meaning that by next year we should be expecting a higher population of parents with children that are ess than 2 years of age.
Products are affordable to the Nigerian Middle Class
Also, we have seen that baby products in the country, are relatively affordable for the middle class parents who are 23-30% of total population according to the World Bank. Middle class families in Nigeria consist of an average of two parents and 4 children with gross household income of about N120,000 and above. According to feasibility study, the middle class families can actually be able to afford to buy this range of products and they reside mostly in the urban cities.
There are few Specialist Baby Product Shops
This market or Business venture is very lucrative one and it is no mistake that you are venturing into it. However we have lot of shops that sell children’s product but very few of them are actually specialist baby product stores. What this means is that they can only stock their baby shops with the most common baby products which are diapers and baby food but not on baby clothes. Corner shops and supermarket are the most common place where many people buy their baby products from. With these, the customers might not likely get a quality baby wares and products at the best available price.
Low Marketing Costs
This is a product that cuts across many social and economic divides and this is the the reason why the cost of reaching potential customers are relatively low when comparing to many other products. In doing this business, there are lots of marketing strategies that you can do and achieve good results in a short time with a small budget. This budget as it were should be able to fit into this kids product business. This offers a chance for investors to realize quicker sales if the marketing approach used is cost effective
High Profit Margins
Baby products also carry a higher profit margin than many fast moving consumer products. Some baby products such as diapers can attract 10% or more in sales margin compared with other kinds of consumer items.
What The baby item Business Entails
It’s as simple as you buying baby items from specific places either at home or abroad and in turn selling them to your customers and making a profit from the sales.
One of the advantages of this business is that it can be started from your home with little capital. But this depends largely on your approach to the business itself.
Requirements to Start The Business
Learn the Business
This may seem an easy business to do and operate especially if you feel you have the required capital needed to start the business, but it will be wise of you to learn a bit more of the business before putting your resources into the venture.
You will need to get in touch with someone who has been into the business and has gathered a lot of experience to put you through the business.
You will need to learn the best places either locally at home or abroad to buy the clothes you need and also where you can get great quality at good prices. Also you will need to learn and know the latest design of outfits and what is trending as well as what moves faster in the market.
Get a very detailed and comprehensive baby item Business plan in Nigeria
Before you start your baby item Business plan, ensure you do a proper feasibility study.
Hurry now and get our Baby Item Clothing Business Plan In Nigeria & Feasibility Study. To place an order, pay N10,000 to
Account Name: Ogumka Innocent
Account Number: 0153723721
GT bank
After payment, send your name, email address and what you paid for to this 09066078526 and in less than four minutes, you get the Baby item Business Plan in your email address
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
Register your business
It will be very important that you register your business and meet all the necessary requirements that are needed to get your business registered. You can contact us and we will help you register your business name with ease and fastness.
Chose a Good Location
Before you begin your kids clothing business in Nigeria, you ought to locate a very good place for it. Some persons establish their kids clothing business from their homes while some others gets a good place for it. What you need to do is when you have got you stock of clothes you can store and keep them in a place in your home.
In this business, neatness and tidiness is key. Keep your products in a neat and tidied place so that the clothes will not get dusty and end up getting dirty which can greatly reduce your chances of selling them.
When you have done this you can invite people to your home and show them what you have bought for them to select and make their choices and buy from you.
Another option you can have when starting from home is to move around with your clothes or some sample items and show your customers who can now place orders for you to bring over for them to see and buy.
If you have enough money, you can rent a shop and set up your business selling the baby clothes from there.
When renting a shop make sure it is in an area where a lot of activities are taking place for people to easily see you and buy from you.
Like we have stated before, if you take time to study, plan and execute this business, you will make lots of profits from it.
Don’t streamline your business to just a particular aspect. This business can easily be expanded to include other businesses which relates to babies. You can start selling baby toys, baby food, baby accessories and much more items associated with babies.
Another important thing is that in the process of starting, building and maintaining your kids clothing business you will meet a lot of people, which means having a good communication skills to excel in the business is key.
Hurry now and get our Baby Item Clothing Business Plan In Nigeria & Feasibility Study. To place an order, pay N10,000 to
Account Name: Ogumka Innocent
Account Number: 0153723721
GT bank
After payment, send your name, email address and what you paid for to this 09066078526 and in less than four minutes, you get the Baby item Business Plan in your email address
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
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