Another question: How many Nigerians knows the difference between designer furniture and Nigeria furniture? This later question is what lead me into probing deeper to discover the really booming furniture business in Nigeria that I want us to take a look into and see how profitable it is.
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| Well designed sofa |
Another truth is that they're cheaper, presenting something affordable to everyone - unlike the designer version that after buying, you start checking your pocket to see if there is hole somewhere. So, if you're in the furniture business, you're 100% guaranteed of good sales because average Nigerians (greater in number) who could not afford the superior type are always going to buy.
However, the greatest truth is that you don't even have to be a Carpenter to sell this Nigeria Furniture. Anyone can do the business, no matter who you're as long as you have the needed capital to start which is not much. N200,000 is just enough to get you started, then as the business starts yielding profit, you may add more, expand, and add imported furniture or even begin to manufacture the superior type.
Many great Nigerian have made it big through the sales of household and office furniture. One good example is Mrs. Ibukun Awosika - she is the founder of Quebees Ltd, and Chair Centre Ltd which manufacture and sell office furniture that runs into several hundreds of millions of naira here in Nigeria. You too can start small and grow big in the furniture business like her!
A complete four set of imported SOFA costs from N1.5 m while the same complete set of chair, made with good materials (the Nigerian way) cost about N70,000 from the local carpenter. With good negotiation, you are sure to get it cheaper, sell for N100,000 in your showroom, and make N30,000 pure profit from that single sell! Is that a good business or not?
Now that I've tickled you a bit, let me take you through the 2 easy steps you need to take to get your business started as soon as this week.
Look For a Good Carpenter
Every Carpenter can hold hammer and nail but not every Carpenter is capable of producing good quality furniture job. Some Carpenters are very good at producing good furniture job but not all of them can deliver it on time. Very few does! Look for one or two among these few and negotiate good deal with them.
They will be responsible of supplying you the furniture you'd need to sell to your customers. A full set of Living Room Chairs (N70,000), 2 Beds (N40,000), and a Dinning Set (N20,000) is all you need for a start. You may add very good Foams on those Beds which you're going to sell together with the beds and make profits from both.
Get a Showroom
You need a showroom to be able to display your furniture to the public. Make sure it is by the roadside for passerby to see them. Advertising is everything in business, if your furniture is hidden, no one will see them and you wouldn't make a sell. You must by all means get your product where people can see them for you to make sells.
If you don't have money for a showroom, go for open place by the roadside. Many Nigeria furniture sellers, sell at the open place by the roadside and they still make good sells.
When you have these two things in place, you are ready for business but don't forget that your Customers are the lifeblood of your business, give them good services and treat them well.
HMmmm, quite motivating. I really apreciate your effort to make the youth of our days to be informed and not deformed. I'm a lady with interest in this kind of business, I have capital ready but my fear is where do I source for my goods?
ReplyDeleteThere are so many places where you can source for the product
DeleteI'm very much interested with this particular furniture business. I've thought about how to start mine. The good news is that i'm learning the business from my pastor who already owns one. I have the money to start the business but i want to be sure i've learned the in and out of the business before i can start.
ReplyDelete