Engine oil business is a good and cheap business to start in Nigeria. If you are in urban locations where there are lots if vehicles, especially motorcycles, you would find this business to be lucrative. In this post, we’ll be examining how to start a profitable engine oil business in Nigeria with 10K, 30K, 50K, and 100K.
There are simple steps you can take to start this business. It won’t be a difficult one if you manage it well. When it is done right, you would end up getting good return for your money and investment.
How to Start a Profitable Engine Oil Business in Nigeria with 10K, 30K, 50K, and 100K
1. You should ask the people doing the business already to know how they sell, the type of engine oil they buy, where they buy it, and the best way to sell it. You can also learn it briefly.
2. Next, you find a good location that a lot of vehicles passes, especially motorcycles. You only have to get a table or construct a shelf, depending on the amount you have. It is better to get a busy location close to a filling station, or a mechanic, or a vulcanizer.
3. You get the engine oil. It is advisable to buy very good engine oil. This will make your customer to return to you. Imagine a situation where your engine oil knocks their engine; your business would be avoided.
4. The business can be profitable. You can make income of 1000 naira daily and above depending on how often and how much you sale. With time, and more customers and money, you can diversify and begin to sell fuel black market and motorcycle spare parts.
Conclusion
This post has dealt with the topic of how to start a profitable engine oil business in Nigeria with 10K, 30K, 50K, and 100K in a good way. You should know that this business if done well can give you good money. You simply have to do it right.