Do you want to learn how to start a lucrative used clothes and shoe business in Nigeria but don’t have information about it? In this blog post, I will be revealing an easy-to-follow step-by-step guide on how to kickstart the business and make money in Nigeria.
I think the used clothes and shoe business needs no introduction in Nigeria. A good number of us patronize the businesses that sell good grades of used clothes and shoes. It saves us money, and we also get good quality products easily.
The business of used items in Nigeria is a multimillion naira one. You will definitely agree with me if you are familiar with the market. The market is a big one. There is a popular saying: Nigeria is the dustbin of overseas countries. Yes, I think it’s true. I have not discovered that product that you cannot find its used type in Nigeria. We import used items into Nigeria in massive quantities.
To say the truth: many Nigerians have become millionaires by importing, and selling used items in this country. Any used item business can fetch you decent income nonstop in Nigeria except if there is no demand for what you are selling.
The selling of used clothes and shoes in Nigeria is lucrative. What also makes it to be better than other businesses in the used items market is the little capital it requires to start. Unarguably, used clothes and shoes is among the cheapest businesses to start in Nigeria.
With the minimum N50k, you are set for the business. Though, your capital determines the kind of grade and the quantity you will be able to buy and the trader you will buy from. And the profit returns are almost 100% except if you are not selling good grades. This implies that one of the secrets of recording success in this business is selling items that are of good grades.
There is a market everywhere for the business. You can make good money anywhere you can reach a sizeable number of people.
The economic reality in Nigeria will always make people look for cheap used items to buy. Seriously, the economy is biting hard. People’s purchasing power is dropping day by day. People will always patronize your business.
If you are looking for a business to start with a little capital in Nigeria, you can try the used clothes and shoe business how.
Let’s slide in:
Step-by-step guide on how to start a used clothes and shoe business in Nigeria
Step 1: Choose a niche
There are different kinds of clothes and shoes in the used items market, and as a beginner in the business, it’s always good to decide the type of clothes and shoes you want to sell. Even, if you have millions of naira to start with, you cannot be selling everything.
The smart business people who make huge profits in any business study the products and services that are high in demand before they dive in. You can also do the same by doing a little research in your own way.
And before you begin, these are the questions you need to ask yourself and provide appropriate answers to. Do you want to be selling ladies’ wear? Or children’s clothes and shoes? Or used shirts for men? What kind of shoes do you want to be selling? Trainers? Office shoes? Boots? Football cleats?
Once you decide on the kinds of products that you want to sell, you can now proceed to research the volume of demand for them, and the profit margin on each of the products.
After this step, you can move on to the next one.
Step 2: Decide on the quantity to buy and where to buy
With the advent of the Internet, a lot of limitations have been broken; many barriers have been shattered. These days, you can buy bales of used clothes and shoes on the Internet. It takes some little skills and tricks to understand how people do it.
However, as a beginner, you can start by using the traditional method of buying in the open markets.
In Lagos, you can buy bales of used clothes and shoes in Arena Market Oshodi, Kantangowa Market, Ladipo Market, Seme border and Badagry. Definitely, you cannot buy a bale of used clothes, or shoes with N50k, however, you can patronize the bale openers who sell to retailers at wholesale rates.
The capital you have determines the quantities you will go home with. Pick the best grades: Grade A & Grade B. You will make good profits on them than in other grades.
Step 3: Decide how to sell your products
Selling is business, and business is selling. How do you want to sell your products? Do you want to sell them in your shop or open markets or in an open place? You have to provide answers to these questions in order to know where you will direct your selling efforts to. It depends on your capacity.
What’s good for the business is accessibility to the flow of people. There are millions of Nigeria on the Internet. You can sell your used clothes and shoes by using the available solutions on the Internet.
Step 4: Market your product
You have to devise means of marketing your products for the business’s profitability. Marketing and advertising create awareness about products and services. No one will pay for a product or service they don’t know about. This is why you cannot afford not to market your used clothes and shoes.
Word of mouth marketing works well for this business. Tell your family and friends about it. Tell all the people you know that they’ll likely patronize your business.
Wrapping Things Up
Used clothes and shoe business is among the easiest and cheapest businesses to start in Nigeria. If you take the right step, You’ll record success in no time.
Do you have suggestions or contrary opinions? Please, leave them in the comment tab below.