What You Need to Know About Egg Supply Business in Nigeria
The economy is in bad shape and companies are folding up. Every year, NYSC keeps releasing hundreds of thousands of graduates to join those in the labor market. Getting a good white-collar job is no longer guaranteed even if you graduate with a first-class degree. Starting a profitable business is also not easy due to the epileptic power supply and other issues affecting the country.
So, you may ask, ‘what’s the way out?’ Egg supply business. Yes, egg supply business. Egg supply business is a lucrative business that can fetch you a lot of profit in as little time as possible. You don’t even need to own a poultry before you start this business.
Before we delve into further details about egg supply business in Nigeria, we’ll take a look at the advantages of eggs to know why eggs are in huge demand in Nigeria.
Advantages of Eggs
- Eggs are healthy: Eggs are good healthy food sources. No wonder, foreigners eat eggs almost every morning. Eggs are rich in Vitamin A which improves the eyesight. Eggs contain chlorine which is used to build cell membranes that produce molecules in the brain. Eggs have high cholesterol content which makes them perfect for children. Eggs supply protein to the body and reduce the risk of diseases.
- Eggs are used for several things: Eggs are in high demand because they are used for several purposes. Bakers use them for snacks, bread, cakes etc. Eggs are used to make glue. Eggs are also used to make cosmetics like hair conditioners, facemasks, soap and shampoo.
Now, we’ll tell you more about the egg supply business in Nigeria.
To become successful in the business, there are some things that you need to know. Here they are:
You must have a vehicle
You need a vehicle to distribute the eggs. You can’t just sit in a shop and wait for people to come and buy the eggs from you. You need to distribute the eggs to bakers, eateries, factories, shops and other places where they are needed. A lot of shop owners find it difficult to go to poultry farms to pick up eggs. Also, they don’t have a reliable way of ensuring that the eggs do not get cracked. By supplying the eggs directly to them, you are doing them a favor. This is why you need to have your own vehicle that you will use to distribute the eggs.
You must locate your target market
You need to establish your target market when venturing into the egg supply business. You can target specific shops, markets, and other places. Have a talk with the owners and tell them that you want to start supplying them eggs. Once you have a target market, it will be easier for you to sell all your eggs. You will know the number of eggs to pick up for distribution, and you won’t experience shortages.
You need to identify your source
Before you start the egg supply business, you must identify locations where you can purchase the eggs. It’s best to buy eggs from poultry farms that are close to your location. But if you can get bigger eggs at lower prices at other poultry farms, you can go there. Most poultry farms require that you register with them before you can start buying eggs from them. They also require consistency. So, you must pick up a certain amount of eggs weekly or any agreed upon period of time.
Materials needed for egg supply business in Nigeria
Before you start the business, you need to get empty crates. The eggs will be placed in the crates for supply. There are plastic and paper crates. Paper crates are cheaper and protect the eggs better from cracking. But paper crates tend to get damaged quickly. Plastic crates last longer, but they are more expensive.
You need a vehicle for the distribution of the eggs. A vehicle will gulp most of the capital that you set aside for this business. But if you have a vehicle, you won’t need to spend much. Once you have a vehicle, you can start your egg supply business with N80,000. With N80,000 you can buy about 10 dozens or 120 crates of eggs. Crates of eggs are about N650 per crate. Some poultry farms will give you bonus crates for a certain number of crates that you buy. You will also need some money to buy fuel for your vehicle and settle some other logistics.
Profit of Egg Supply Business In Nigeria
One good thing about the egg supply business is that there is no limit to how much profit that you can make. You are only limited by how much buyers you can find for your egg. You can buy as many eggs as your customers need. You can make about N100 from each crate of eggs if you sell at wholesale price. But if you sell the eggs at retail price, you stand to make N300 from each crate. So, if you sell 200 crates of eggs in a week at wholesale price, you will make a profit of N20,000. This is N80,000 in one month.
But if you sell 2000 crates of eggs in one week, you will make N200,000 per week. That is N800,000 monthly!
So, you can see that egg supply business in Nigeria is a lucrative one.
Yes, this business might not look as nice as an office job but it is well worth it.
A lot of youths dream of wearing well-starched shirts and working in an air-conditioned office. But with this type of business, you can make more money that you will make from an office job.
If you have any question or enquiry, you can make them known in the comment session. If you have comments, drop them. If you find it hard to locate a poultry farm near you, you can let us know, and we’ll help you out.
Take the bull by the horn and start now!.
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