Cosmetics business in Nigeria or how to start a cosmetic store business in Nigeria is another opportunity where you can set up and make money daily as a minor or major distributor because it is highly lucrative as people still use different kinds of cosmetics care products for their personal appearance daily. It is called fast moving consumer goods or products (FMCG or FMCP).
Having cosmetics business in Nigeria or how to start a cosmetic business in Nigeria is a good one for any one, whether woman or man who wants to go into venture business.
To start a makeup, a skincare or cosmetic business in Nigeria does not require huge capital to invest in for business because cosmetic or makeup products are so cheap in price if you buy cartons in bulk. For as a cosmetics distributor you want fast turnover daily, you need more than that money.
You need to have financial capacity with good knowledge of the strategic market. You need to have a warehouse. You need to be capable to buy a load of cosmetic products.
You need to have a good location where you can sell fast daily like Agbeni Market, international popular market. Let me share with you this lesson.
What Kinds Of Cosmetic Care Products Are?
The involvements of cosmetic products are as follows here:
Personal Care Products: toothpaste, bathing soap, mouth wash, and some other deodorants
Beauty Products: face powder, nail polish remover, lipstick, lip-gloss, dust powder, etc
Hair Care And Treatments: hair straighter, hair spray, hair gloss, hair cream, and other type of hair treatment.
Skin Care Products: bleaching cream, body cream, moisturizing cream, skin lotion, etc.
Fragrance Products: roll-on, perfume jelly, body spray and perfumes.
Make Up Products: shampoo, eyebrow make up, congealer, lipstick, mascara, etc.
Toiletries: toilet paper, bathing soap, sanitary towel, etc.
Hair Care Products: hair extension, Brazilian wigs, etc.
This indicates how hot this product is because most people use different kinds of cosmetic products for their personal appearance.
How Lucrative Cosmetics Business In Nigeria Is?
Cosmetics business in Nigeria is so further 100% profitable in business. Can you wash bad-odour clothes without detergent or soap?
Can you brush your tooth without toothpaste? Can you clean food dishes without dish washing liquid?
Understand that most people can't do it without good cosmetic products. They need it most for their personal daily. Cosmetic products are important to them. It shows how hot it is . And also it shows how profitable it is.
That is why many smart business people walk into this hot opportunity as a manufacturing competitors as if they fight one another in the same market.
And you can make thousands of naira daily through this hot business if you decide either as a supermarket retailer, or wholesaler or a major dealer.
Cosmetic stores owned by minor/ major distributors or super marketers are some where you come across there.
Let me share with you one or more testimonies. One acquaintance whom I was a former customer to at Agbeni street had owned a good building with a good car through cosmetic store he made a partnership with his wife as a minor distributor in full time.
May be both of them make more than N5000 daily buying and selling personal care products, toiletries, fragrance products, skin care products, beauty products plus other little hair extension products in one rented warehouse.
I saw it as I often bought one moisturizing cream, a herbal soap, toothbrush, toothpaste at wholesale for my domestic personal use.
They had worked for retailing customers and ended-users on receipts in hand from Mondays to Saturdays daily.
They had good patronage. Later that time, I suddenly saw that they added other hair extension products to their store. How hot this product is!.
But when they found their store was full of cosmetics and hair products, they decided to rent other one big warehouse beside their old warehouse.
However, one other mother whom I often purchased something for my personal use at home made thousands daily buying cartons in beverages, personal care products, toiletries, skin care products, processing foods, biscuits and sweets/candies in cartons at wholesaling price from major distributors at Agbeni market and then selling piece(s), dozen(s) and sachets to end-users and retailers here at my hometown, Odo-Ona, Apata at wholesale.
She was a real minor distributor. I call her a saved-percent trader. That is why end-users, customers or retailers still prefer her to other competitors in the same place in near or far distance.
Your integrity and rich character towards customers are remembered longer than your business.
Your integrity and rich character towards customers are remembered longer than your business.
That is how the acquaintance at Agbeni market and the mother at Odo-Ona did it because their integrity, love, respect, understanding, patience towards customers make them sell faster than their distributorship competitors in the same place.
Even if you have everything in your warehouse as a wholesaler or minor distributor, and you cheat customers with fake price because you want fast money, then you will lose customers to other competitors in the same place later if you are caught in fake prices on cosmetics products.
Even if you have everything in your warehouse as a wholesaler or minor distributor, and you cheat customers with fake price because you want fast money, then you will lose customers to other competitors in the same place later if you are caught in fake prices on cosmetics products.
Better be honest if you want daily patronage for life. Selling only kobo (cheap) on cosmetic products will make you enjoy more patronage daily for life because customers and end-users prefer kobo to naira.
For this hot opportunity, you can start with any capital from #200,000 to above. You do not need millions to become a major cosmetics distributor or cosmetics supplier if you know you do not have financial power.
You can start with as a minor skincare or makeup distributor to make money daily selling at both retailing and wholesaling price.
For a cosmetics supermarket, you can buy kobo in bulk and resell only little naira at high junction like Danax at Mokola if you like.
It does not mean both the acquaintance and the mother had hundred thousands or millions to start everything.
It does not mean both the acquaintance and the mother had hundred thousands or millions to start everything.
May be they started small and grew big through daily reinvestment. May be they plough back each time they make sales.
How Much Does It Cost To Start A Cosmetic Business In Nigeria?
It depends on kind of cosmetic products you want to buy. You decide which cosmetic products you want to purchase and which volume you want to buy.
Is it small or big you want to buy in volume? May be you can start with less than #500000. You can start small and grow bigger later.
But if you want to supply cartons of cosmetic products for cosmetic manufacturing companies as a major dealer at the international market, you need to have some millions of naira to make great purchase in volumes loaded in a truck. I just guess it. Just see if it costs you more or less.
The Challenges Of Cosmetics Business In Nigeria
One of the challenges facing some people who want to go into cosmetics business is capital or money. They want to take advantage of this opportunity, but they can't because of money they face now.
The solution is to join cooperative society fund company and you can use it for growing in business through loan if you have good patronage.
The second challenge facing interested-business people is location. If you make a wrong location, you will lose that business. Location can make or mar your cosmetic business.
Will N200,0000 Be Okay For Me?
That is what I received a message from one Nigeria reader who said, "pls I want to start up a retail cosmetic business, will N200k be okay for me?”
But I say yes. I think so. Go and start with good plans through cosmetics business plan.
Business success does not come to those who have lack faith, lack passion or lack vision. It comes only to those who have faith with good vision or have passion.
You never know how much you can start until you try. Better start and fail than not start and achieve.
How To Get Started As A Wholesale Cosmetics Distributor In Nigeria
Step 1: Decide what level you want to operate as and what kind of cosmetic product you want to trade.
Conclusion
How to start a cosmetic store business is the best business any person starts up with either capital because it does not require huge capital in which some people think so.
Step 1: Decide what level you want to operate as and what kind of cosmetic product you want to trade.
If you want to buy beauty products online and sell it here offline as an importer, I recommend you to register Aliexshop in order to buy so cheap.
Step 2: Decide what location you want to set up
Step 3: Plan everything before you can start. Don’t wait until you have everything. Just start with whatever you have. I mean feasibility. It is your map. You must plan well before you make your access in business.
Step 4: Go directly to cosmetics manufacturer(s) if you want to become a major cosmetics distributor or go indirectly to cosmetics supplier(s) or major distributor(s) at popular international market any where you live there in a city and buy any cartons in small or great numbers.
Step 5: Trade cosmetic products to make fortunate.
Step 2: Decide what location you want to set up
Step 3: Plan everything before you can start. Don’t wait until you have everything. Just start with whatever you have. I mean feasibility. It is your map. You must plan well before you make your access in business.
Step 4: Go directly to cosmetics manufacturer(s) if you want to become a major cosmetics distributor or go indirectly to cosmetics supplier(s) or major distributor(s) at popular international market any where you live there in a city and buy any cartons in small or great numbers.
Step 5: Trade cosmetic products to make fortunate.
Conclusion
How to start a cosmetic store business is the best business any person starts up with either capital because it does not require huge capital in which some people think so.
I do not bother myself about how much I want to start. It is only idea I can start with either capital I find myself.
If you understand about cosmetic store opportunity and you develop passion for this business, you can start and achieve.
If you understand about cosmetic store opportunity and you develop passion for this business, you can start and achieve.
I love this business because it is hot and it can make me rich, but it is not my understanding.
What do you think you read this article above? Share with me here in this comment box. But no spam here please if you try to add your URL here.
Happy entrepreneur
Happy entrepreneur
Related Tags:
#cosmetics store business; #cosmetics products; cosmetics challenges; #cosmetic Business in Nigeria
Related Posts
thanks alot and God bless you this was what i was looking for it was really helpful
ReplyDeleteThank you. It is my pleasure.
DeleteThanks, its so helpful
ReplyDeletethanks
ReplyDeleteI really appreciate it
ReplyDeleteWhere can i be buying all this cosmetics stuff to be reselling at cheap rates and i can start with small shop right
At Pinnacle market in opposite to Bovas station at Dugbe, Ibadan or Ogunpa or Agbeni market if you live in Ibadan. Thanks, Lawil
Delete