SEE WHAT THOSE MAKING THOUSANDS AND MILLIONS OF NAIRA FROM BAKERY BUSINESS ARE HIDING FROM YOU.
INTRODUCTION.
The consumption of bread and other bakery products such as biscuits, chin-chin, gala and meat pie among others, has created a huge market for the wheat flour industry. And it is continually expanding by the day. These items have come to be accepted as part of our dietary need either as food or as snacks, which is taken in-between meals, creative investors can now start with little or no capital, especially with the new invention of the home-based oven which now costs about N45, 000. This sector has provided a lot of opportunities while more opportunities are still open for interested inventors. Gone are the days when a small investor would need as much as N1 million to N10 million to start a bakery business. You don’t need a NAFDAC registration to your bakery business. If you are in a big urban centre, a registration with the bakers association of Nigeria in your area is enough to cover you. Here are the investment opportunities in the Nigeria bread baking industry.
SETTING UP A BAKERY ON A SMALL-SCALE USING A HOME-BASED OVEN.
With the arrival of this unique home-based oven, small investors in Nigeria, who hitherto could not afford to invest in the bakery business because of the high capital involved, can now invest in the business. The oven comes in six different sizes and the prices ranges from N45, 000 to N200, 000. While the smallest oven can contain 25 loaves at a time, the biggest can contain 150 loaves of bread and you can bake five to eight times a day. The oven uses charcoal and gas. But, I would recommend charcoal because of its safety, cost and efficiency. Some of the engineers give two to three years guarantee. You can now operate your bakery business from your backyard or a small space in your apartment.
MARKETING STRATEGY.
You can start getting your first set of clients by encouraging friends and relatives to try your baked bread. You can even encourage your friends and retail shop owners in your vicinity to order bread from you, by giving them free samples. A good way of encouraging people to order baked goods from your home baking business is to offer them cheaper but great tasting cakes and breads. The small network of clients that you have will inevitable grow as long as you continue to provide your customers with best tasting baked goods. And remember also that, when building and choosing a location for your baking company outlet, it will be important to choose a baking business location where there are a number of prospective customers who will buy your baked goods. If you want to start from home, make sure you put your home-based oven in a cool dry place. In addition to this, remember that word of mouth marketing remains the best so, better ask your friends, family members and even existing customers to refer your baking company to other people.
APART FROM, STARTING YOUR OWN BAKERY BUSINESS, YOU CAN ALSO MAKE MONEY AS A SALES AGENT TO DIFFERENT BAKERIES.
You can start this business with small capital; all you need is a bus that can help you deliver assorted bread to small retail shops and supermarkets in your area. Most of the bakeries you will deal with are ready to give you their bread on credit while you collect the money from the retail shops to pay the bakeries the following day. Your ability to provide assorted bread like wheat bread, butter bread, chocolate bread, chin-chin, cake etc. will ultimately increase your market and consumers’ choice.
