Groundnut/peanut burger or chocolate business in Nigeria is one of the cheapest businesses you can start in Nigeria. You can start this business with the little capital or money you have. In this post, we’ll be guiding you on how to start a profitable groundnut/peanut burger or chocolate business in Nigeria.
We’ll be exploring or showing you these in steps. Now, let’s take a look.
How to Start a Profitable Groundnut/Peanut Burger or Chocolate Business in Nigeria
1. Learn the Process of the Business
The first step to starting this business is learning the process of the business. You need to learn from someone doing the business to get to know how to do the business profitably. You learn how to prepare the peanuts, bake, source chocolate, making, and pricing. Once you learn how to make it well, market, and distribute it profitably, you are good to go.
2. Source for a Good Location
The next step is to source for a good location. Where will you sell your peanut and chocolate burger better? Where is there little competition? Once you get a good location, you can start your business, and you’ll surely sell.
While sourcing for a location, you need to get where there is population, especially young and student population, with little or no competition, and close to a market or area with lots of provision stores. You can be selling the burger yourself and also distributing to these stores.
3. Capital
Of course, you need a good capital to start this business but it’s usually not much; around 100K naira or less can start this business comfortably. You start small and grow from there gradually.
4. Marketing
You can market your products through words of mouth to your friends and family, especially in the area where your business is sited. You can also market your products by displaying your products on the shelves of stores around you. You can ask them to display it for free for a token, maybe 500 naira worth of burger. They can as well help you sell.
It can also be advertised online by creating and marketing it on social media business pages of the business on Facebook, Instagram, and TikTok. You can also market it to your friends on WhatsApp and Telegram. These friends can share and distribute your post.
5. Making an Affordable and Tasty Burger
Once your peanut and chocolate burger has a great taste, one of the best in the market, you are sure to earn a lot of money through the sales as sales would be happening fast. You should be considerate with the pricing as well, and your products will go far.
In this business, with an investment of 100K naira, you can earn a profit of around 2000 naira daily when sales is high. With these, you can expand and multiply.
Conclusion
This is how to start a profitable groundnut/peanut burger or chocolate business in Nigeria. Following this guide can help you a lot in starting this business profitably. This business can also be very productive for you as well.