To start a detergent business in Nigeria, you don’t have to know how to produce detergents. You could always hire professionals and start making some cool profit. The business is relatively easy and is not capital intensive.
How To Start Detergent Business In Nigeria
1. Learn About The Business
Carry out multi-pronged research on laundry detergent production business. Learning about the business will help you understand the strengths and weaknesses of the market which you can work hard to improve on to make your product stand out in the market. This will help you evade market competition and become a brand to reckon with.
2. Write a Business Plan
You need to write a business plan that details the proposed name of your business, your mission and objectives, your market analysis and marketing strategy, your required startup capital and projected income over the first few years, your management summary, and other vital pieces of information about your laundry detergent production business.
Aside from serving as a systematic guide to setting up and running your business, your business plan will help convince third-party funders, such as investors and lenders, that your business is worth supporting, and that you have really done your homework well.
3. Register Your Business
The next thing you have to do here is to register your business name with the CAC. You should choose a unique name that will be easy to pronounce by as many people as possible. The name should also give a hint of what your laundry detergent production business is all about.
4. Find A Good Location
Getting a good location is key if you want to start a detergent business in Nigeria. As you operate a manufacturing business, endeavor to locate your business close to the sources of the raw materials you use. Also, do consider the availability of electric power, water, and other required utilities as well as proximity to your target market. These are key to siting a would-be successful business.
5. Get Machines and Equipment
In this business, you will need to find and sign long-term deals with suppliers of the various raw materials you will need. They include soda ash, benzene sulfuric, sodium metasilicate, ethyl alcohol, scents, and so on. You should also have some other suppliers on the ground in case of a failure on your supplier’s side.