This article will enlighten you on how to start ogbono (bush mango seeds) business in Nigeria, detailing the step by step processes on the things to do in order to establish yourself as a trusted dealer in this business venture.
With many people going back to agriculture as a way to sustain the economy due to the uncertainty surrounding crude oil going forward in Nigeria, one viable business that has caught the eye is the ogbono (bush mango seeds) business. Venturing into the ogbono business is something most young people in the country are now focusing on and the expected returns on investment in this bush mango seeds business is eye watering for anyone who has the patience.
Ogbono, also known as bush mango seeds or African wild mango, is the most important ingredient used in making the ogbono soup which is a widely popular delicacy in Nigeria and some West African States. The soup is universally known as draw soup among many consumers because of its slimy nature, and when properly cooked with other accompanying ingredients, makes an interesting dish.
HOW PROFITABLE IS THE OGBONO (BUSH MANGO SEEDS) BUSINESS IN NIGERIA?
The ogbono business is one really lucrative business that if taken seriously, can make one smile to the bank as often as possible, considering the fact that the commodity itself is more expensive than many other soup items and when gotten at a particular price, can be resold with one’s gain in mind. What this simply means is that the bush mango seeds business has the ability to provide you with a steady flow of income should you decide to venture into it.
A cup of ogbono (bush mango seeds) depending on the time of the year can cost about ₦600 or more, and you can resell it for even greater value. The beauty of this commodity is that it appreciates in the market more than many soup ingredients. Ogbono business is really profitable as you can resell the bush mango seeds at very good prices when it’s season is almost at an end. One bag of ogbono weighing about 45kg-52kg contains about seventeen (17) paint buckets of the bush mango seeds, now assuming you purchase a bag of ogbono at the rate of ₦80,000, and you sell about 17 paint buckets from that bag at the rate of ₦9,000 per paint bucket, you could make over ₦150,000 in profits from just that bag alone and this will cover for any expenses you may have made in your initial purchase and then set you in motion to purchase another bag of ogbono for sale and even more profits.
STEP BY STEP GUIDE ON HOW TO START OGBONO (BUSH MANGO SEEDS) BUSINESS IN NIGERIA
The following are the guidelines for starting ogbono (bush mango seeds) business in Nigeria:
STEP 1: RAISE YOUR CAPITAL FOR THE OGBONO BUSINESS
Ensure that before venturing into the bush mango seeds business, you have made provision for your capital as this is what will enable you commence the business and keep you afloat. Ogbono business can be started with any amount as a retailer but if you plan on doing the ogbono business as a wholesaler, then a starting capital of ₦100,000 – ₦150,000 will do.
STEP 2: FIND A GOOD LOCATION FOR YOUR OGBONO BUSINESS
Once your capital for starting your bush mango seeds business is ready, the next thing to do is to find a good place that will favour your business. You can target large markets and be sure to know their market days before renting a shop space for it. Also, you can find out top super markets (shopping malls) where this product is needed and strike up a contract with them to supply them bi-weekly at a reasonable price, this will net you huge returns should they strike up a deal with you. Ensure your ogbono is very well packaged and fresh so as not to suffer any setbacks.
STEP 3: PURCHASE OR CULTIVATE YOUR OGBONO (BUSH MANGO SEEDS)
You can choose to purchase your ogbono seeds at affordable prices directly from farmers who cultivate it or you can buy the bush mango seeds from trusted dealers in the business. In Lagos State, there are ogbono dealers located at Oyingbo market who sell for reasonable prices, depending on whether you want quarter, half or full bag.
If you you still decide to cultivate the ogbono by yourself, it is still good but it is more advisable to buy from the market and resell to save time and costs for farming etc. Good bush mango seeds can be gotten from Ebonyi State as it is found in abundance there. You can also get ogbono seeds from the northern part of Cross River State, especially from the Obudu and Ikom areas.
In Enugu State, the Nkanu and Nsukka areas are popular for their ogbono as well. Benue State also has good ogbono seeds should you decide to purchase from there and the areas of Mile One and Mile 3 in Port Harcourt, Rivers State are places where you can get ogbono at affordable prices too.
STEP 4: STORE YOUR OGBONO SEEDS CAREFULLY
Endeavour to store your ogbono (bush mango seeds) in a dry place. Fresh ogbono seeds can be left to dry under the sun for two or more days in order to remove moisture and prevent it from decaying. Properly dried ogbono seeds can last up to six (6) months) without spoiling.
STEP 5: ADVERTISE/MARKET YOUR OGBONO (BUSH MANGO SEEDS) BUSINESS
Through the use of social media, or various online commercial sites that allow for the sales of consumer goods, you can advertise and market your ogbono business. You can as well do person to person advertisement or advertise your business through hand bills, flyers etc.
Also, you can choose to start your business by targeting market women, offering them cool discounts should they buy from you and this discount should be more appealing than the normal price in the market, and from there, you can build your customer base. While marketing your ogbono business, do not forget restaurants and eateries in your area, and hotels as well, if you convince them to buy, you can be rest assured that you have made really valuable customers in this business and with time, your profits will begin to roll in.