This article is about how to start building materials business in Nigeria this 2023 so as to give a pointer to as many of our readers who would love to venture into this business but have no prior knowledge about it until now. Building materials are materials that are used for construction purposes and because of their importance in the construction of homes, office complexes, etc, they will always be in demand.
One of the best ways to ensure a steady income is to venture into the building materials business in Nigeria, although it is not a straightforward process but it is something that will surely sustain you in the long run should you decide to start and be consistent in it.
A very good thing about owning a building materials business in a favoured location anywhere in Nigeria is that it is not dependent on times and seasons as the business thrives all year long seeing that people will always have the need to construct or build a house, office complex, plaza, etc., at anytime of the year.
Major cities in Nigeria such as Lagos, Abuja, Port Harcourt, etc, where real estate thrives ensure that those in the building materials business in the country almost always smile to the bank because of the high demand for these construction materials in order to get many building projects completed.
What we are trying to say in essence is that there’s a very good chance that you will make it in this business if you decide to start and devote time and attention to it because of the many construction activities going on almost every day in many parts of the country. With that established, and without much ado, let us look at the detailed guide on how you can venture into this business in Nigeria today.
STEP BY STEP GUIDE ON HOW TO START BUILDING MATERIALS BUSINESS IN NIGERIA 2023
The following are the step by step processes on how to start building materials business in Nigeria this 2023:
MAKE AVAILABLE THE CAPITAL FOR YOUR BUILDING MATERIALS BUSINESS
Before setting out to commence your building materials business in Nigeria, you will need to first of all, make available the capital for the business. This capital is the money you will need as a foundation on which your business will stand. You can ask a few people who know the business in and out on the amount you can set aside to start up your business. If you do not have the money ready, you can meet well meaning individuals who can help you out with a loan with the promise that you will pay back once you begin to see returns.
FIND YOUR NICHE IN THE BUILDING MATERIALS INDUSTRY
By niche we mean the area of specialisation that you’d love to major in once you commence your building materials business in Nigeria. Seeing that this business is very wide, you may need to have a focus on which aspect of the business you want to be known for. If you want to be selling only tiles it’s fine, whether it’s pipes and fittings, it’s also fine. You can as well major in electrical materials and combine it with the sale of toilet and bathroom materials and that may just be it for you.
Some people may want to venture into selling of wood for construction purposes or iron for building, whichever one you choose to major in, be sure that you are going to be fully focused on the business for it to thrive, else, it is advised that you have a rethink. If the sales of roofing sheets and nails, are what thrills you, you can decide that that’s the aspect of this building materials business that you want to venture into.
FIND A GOOD LOCATION FOR YOUR BUILDING MATERIALS BUSINESS
A good location for your building materials business in Nigeria can do you a great deal of good. Do not be in a hurry to go just about anywhere to set up this business, try as much as possible to find a good location where you know that your business will thrive, especially one where the demand for building materials is high. When choosing your location, keep in mind your building material area of specialisation. This will help you determine which place to site your business.
SECURE YOUR BUILDING MATERIALS BUSINESS PLACE
Once you have identified the perfect location for your building materials business, the next thing to do is to secure your business place by renting a shop or space in that vicinity. This business place or space should house your building materials products so you can sell to your customers as they troop in to patronise your business.
FIND A BUILDING MATERIALS SUPPLIER
Depending on your niche in the building materials industry, you should find a good supplier who will provide you with your goods at a particular price that you both agree. If the supplier can be trusted, it is advisable to stick with such a supplier and grow your business relationship with them. Endeavour to carefully look out for a supplier who will supply you quality goods at the right time and at a fair price so that you don’t find yourself running low on stock.
ADVERTISE YOUR BUSINESS
Advertising of your business can never be overemphasised. It is very important that you advertise your building materials business in Nigeria to as many people as possible through the use of all the available channels of advertising so that they will know what you do and which niche or area of specialisation that you are fully concentrated on as far as this business is concerned.
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Mr.Obialo, I need your candid advise. I have a cash of ₦2M, I live at Ibeju Lekki, Lagos, and I’m at Cross roads, what business can you advise and mentor me to embark on? Cos it’s hard earn money. Kindly assist me. Thanks.