Connect with us

Business Ideas

How to Start Catfish Farming Business in Nigeria

Published

on

catfish business

How to Start Catfish Farming Business in Nigeria

Do you know that with the sum of just five hundred thousand nairas, N500,000, you can secure high breed fingerlings and be on your way to making millions from this business? There is no doubt that catfish farming is one of the most profitable farming ventures in Nigeria. This you will soon find out in this article.

One set of Catfish feed, for example, can farm about 1500 fishes successfully. With this, the farmer can generate a net profit of nothing less than N1,125,000 within just six (6) months. These are no assumptions, but tales from experience

Read Also: A Guest House Business Plan and Design

If that sound lucrative to you, then you need to understand what venturing into this trade entails. The reason is simple and self-explanatory. Without a sound knowledge of what fish farming entails, you could meet a colossal loss. Imagine losing such a huge investment in time and other productive resources. Does it worth it? I guess in the negative.

Do not be discouraged, anyway, as this article will expose to you all that you should know about Catfish Farming Business in Nigeria. With this, you should be on your way to effective and efficient catfish farming.

catfish business

Five (5) Reasons Why You Should Start Catfish Farming Business In Nigeria Today

(1) Fish is a very stable, if not one of the highest sources of proteins. Also, Omega-3 and other essential minerals like calcium are also sourced from fish. hence, making the product one of ever-increasing demand.

(2) The fish market is broad and highly unsaturated. The quest for fish exceeds by far, its supply. as such, the fish market keeps widening, large enough to accept new entrants.

(3) Additionally, fish is used to prepare a majority of our delicacies. especially local dishes and as such is of high demand in homes. bar owners and hotels as well make use of catfish.

(4) Also, you can start Catfish farming business with a small amount of money. This comes with much assurance of generating huge profits. On the other hand, the size of your capital input would determine your profit margin.

(5) Regarding Catfish farming business, it is very lucrative. Of course, you can easily recoup your investment and generate bumper profits. This can happen over a very short timeframe if you effectively manage your farm.

With this background information, you should start catfish farming business Nigeria. let us now consider the requirements needed to kickstart your catfish farming business.

Read Also: 4 Major Importance Of Business Plan In Nigeria

Basic Tips on Effective Catfish Farming in Nigeria

Engage In Proper Market Research And Effective Planning

The first thing you need to consider prior to starting any business, such as catfish business or whatever kind of business it is, is to properly research the existing market so as to uncover the level of viability and sustainability of the venture. This will help you to ascertain who your competitors are.

It will equally help you to know the prices of materials which you will need to setup and follow through with the business.

Also, it will help you to prepare a workable and realistic business plan having real and correct revenue projections and cost estimates.

You would need this in making your catfish business a success.

Do Proper Personal Research And Get Trained

Do not simply jump into this business just because you have read or heard of its profitability from people, or from me in this article. Relax! It goes beyond that! it is important that you do a thorough research to ascertain what the business all about, read well educating books and online articles such as this.

That is not all. You should undergo an apprenticeship period first in which you will attach yourself to an already existing catfish farm and get trained for a minimum of one month prior to starting your own catfish farming business.

This really helps to learn the basics and thereby avoid wasting your time, capital and other investments.

Secure Space Or Land

The next thing to do if starting catfish farming business is your intention is to acquire space or land. You can get a full plot, half plot, or even more depending on how you intend to scale your operations and the type of pond you wish to use too.

For a start, especially for those with little capital, you could make use of a space in your backyard to start small-scale fish farming. As such, lack of finance to acquire large plots of land should not stop you from starting your fish farm.

Build Fish Ponds

After you might have secured a space or land, it is now time to build/setup your pond.

There are different kinds of fish ponds like a concrete pond, plastic pond, earthen pond, etc.  each of these kinds of ponds has their own merits and demerits.

For example, it is cheaper and more convenient to construct plastic ponds which can accommodate small scale catfish production. However, concrete ponds last longer and are a better choice if you have intentions of remaining in the business for a longer timeframe.

Read Also: 5 Powerful Reasons Why You Must Write Business Plan For Your Business In Nigeria

With earthen ponds, however, the fishes grow faster, as they feel they are still in their natural habitats.

The type of pond you opt for notwithstanding, I advise that you pay a visit to nearby fish farms have a first-hand experience of how each look and works. Also, hire good engineers to assist you to setup the ponds especially if you are constructing a concrete pond. You may do it by yourself anyway if you have the technical know-how

Make Sure There Is Regular Water Supply

Having setup your fish pond, the fifth thing to do is to make sure there is a steady supply of water for your fishes.

It is advisable that you sink a borehole and erect overhead tanks to store up water, thereby guarding against scarcity of water. Alternatively, you could get water supply from a well or a nearby stream in as much as you are confident that the water is clean enough and would constantly be supplied to the fish pond(s).

Additionally, ensure that you periodically replace the pond water after every two days. Remember, unlike river or stream that flows, the pond water is static and that the feed particles you throw into the water pollutes and clutters the surface of water hence, making it difficult for the fishes inside the pond to breathe in fresh oxygen.  This is one major cause of high mortality rates in the fish farming world.

Buy Fish Feeds

Before you purchase your fingerlings or juvenile, it is advisable that you have your feeds on the ground so that immediately you introduce them (fingerlings or juvenile) into the pond, you can start feeding your fishes.

Aside from acquiring land, drilling the borehole and constructing your pond, fish feeds accrue the basic operational cost in catfish farming business incurring a whopping over 70 percent of the entire expenditure.

We have different kinds of fish feeds in the market and these include Vita feed, Cuppens, Multi-feed, Ziglar, and other locally manufactures fish feeds. It is always advisable at least for the first 2 weeks – 2 months to start feeding the fishes with Ziglar and Cuppens before you proceed with Vita feeds, fish meal and Multi feeds.

Additionally, you can use poultry droppings and other farm bye-products as supplements for these feeds. Have it in your mind that as the month passes, the fishes growth would accelerate and the size of their feeds would as well increase.

Read more: How to Start Floor Tile Business in Nigeria

Employ Effective Fish Feeding Methods

A lot of farmers incur huge losses due to the mistake they make in the process of feeding their fishes.

Fishes are very sensitive and carnivorous, especially catfishes. So, you must take great care in feeding them to reduce mortality rates. Truth is, irrespective of how careful you are or would be, you would still incur some losses due to mortality.

So, firstly, give your fishes high quality feeds.

Secondly, to avoid cannibalism, come up with a feeding routine and adhere to it religiously.

For example, if you feed your fishes two times a day, let’s say by 5 am and 5 pm, stick to this timing/plan because if you derail in feeding them as at the appropriate time, there is that likelihood of your pond becoming a tug of war, where the principle of survival of the fittest comes to play. The stronger ones are bound to feed on the weaker ones. That ensues in a loss for your business.

Thirdly and additionally, following an irregular feeding pattern influences the growth and development of your fishes.  A decreased growth rate is what results.

Lastly, concentrate your feed supplies to a specific section of your fish pond in order to avoid contaminating your and stifling the breath or oxygen regulation in your fish pond and to curtail wastage of food.

Stocking Your Fish Farm

It is important, as a beginner, to make sure that you obtain your fingerlings from a good source which specializes in fingerlings supply.

Also, focus on getting high-yielding and healthy species like the Hathor species – these are usually somewhat brownish in colour.

Finally, make sure that you differentiate the fishes based on sizes.

A complete business plan on this will really help. To get that, please let me know.

Comments

comments

Ekemini Ekpo is a professional writer, blogger, and internet marketer. He is passionate about engineering, business, investment, entrepreneurship, finance, and personal development. When he is not managing web projects, he handles academic research writing and data analysis for individuals and organizations.

Business Ideas

How to Start a web design business in Nigeria

Published

on

Web design business is a very profitable business idea in Nigeria that has been in vogue for many years now. However, only few people fully understand how to design a professional website for clients. How To start a web design business in Nigeria, need two basic skills: (1) skill of creating a website and (2) skill of knowing how to market your web design service to potential clients.

Web design business is a highly profitable business as many businesses are going online these days and need a website. This includes small-scale business, schools, religious organizations like churches and mosques to big corporations. Beyond creating website for your clients, some of them (your clients) may need you to manage and update their websites for them regularly. This is an added benefit with extra financial reward that makes web design business very lucrative to the extent of generating millions of revenue annually.

How to Start a web design business in Nigeria

How to Start a web design business in Nigeria

Why You Should Start a Web Design Business in Nigeria

  • The startup cost is low
  • You don’t need to learn code
  • Your schedule can be flexible
  • The demand in the Market is high
  • The overall revenues are high
  • Contenders are falling behind
  • The timing is right
  • Training is readily available
  • Web development favors the young
  • Building websites opens doors to new opportunities
  • Makes you connect with multinational organizations

How to start a web design company in Nigeria

Content Management System (CMS) vs. Skills

Having the knowledge of programming language skills like HTML/CSS is a good advantage but in this era of constant update of software and optimized Content Management System (CMS) from developers around the world, things have become much easier in the web design business space. Today, with a content management system like WordPress, Joomla, Wix, Simplemachine, etc., you can easily setup and host a professional website within a few hours.

The place of mastery of web programming/coding skills cannot be replace by knowledge of CMS customization if you want to start a professional web design company in Nigeria or anywhere else. Despite the fact that you can begin a web design business without knowing anything about coding it is important that you get the essential knowledge of creating a website from scratch with code and be familiar with most recent updates in web design space.

Some of the proprietary web design programming languages you should be familiar with are HTML, CSS, jQuery, Python, and PHP. Focus on current software and plugins in designing a website and also go tp PHP.net for free but useful ideas on how to create better sites.

Create Your Brand

To convince a client that you can create a website, you first need to create your own professional business website. The outlook and functionality of your website would showcase your level of professionality and encourage potential clients to hire your service. So, strive to use the most recent standard website design strategies to make a high quality website for your business. This will help to position you and your business as a unique brand which potential clients would want to do business with.

Rent an Office Space

Though you can design professional websites from home for your client, I do not advise you to run your business from home if you intend to stand out among your competitors in the web design business space. You need an office space outside your home where clients can consult you for their web design projects.

Get a very good office at a good location that is accessible by both public and private transport sources. Go for a  place with high volume of human and vehicular traffic so that it can be easily seen or identified by potential clients.

Register Your Business

Register your business with the Corporate Affairs Commission of Nigeria (CAC) and while doing so, register as a corporate entity and not a mere business name. This won’t cost more than N80,000 Naira to do. Registering your business as a corporation shows how serious you are with your business. A registered business places your business as a corporate entity in the eyes of your potential clients. As such, you will be able to charge clients as a corporate entity and not as an individual. The corporate nature of your business will make clients to trust your brand.

Market Your Service

The aim of every business is to make profits. To get clients to pay you, you need to invest heavily in marketing. One of the ways you can promote your business is the use of online advertisement strategies like Google Ads, Facebooks Ad, Instagram Ads, advertisement on classified sites, blogs, forums, etc. in Nigeria

You can also get customers by advertising on National and local tabloids, magazines, using stickers and with billboards. Besides, advertisement through word of mouth still works. So, don’t relegate word of mouth method of advertisement to the background.

Charging good and appropriate rates, offering quality service and using promos and discounts can help to boost the sales in your business and give you better returns on investment in the long term. I hope these tips can help you to web design business in Nigeria and make profits from it.

Comments

comments

Continue Reading

Business Ideas

How to Start Polythene Nylon Bag Manufacturing in Nigeria

Published

on

Ever wondered how to start polythene nylon bag manufacturing in Nigeria. Well, starting a polythene nylon bag manufacturing business in Nigeria is an ideal step to open up more business opportunities as nylon bag business is a very profitable in Nigeria. It is also relatively easy to produce because of the availability of the raw materials and the low cost of machines.

Nylon bags are widely used in Nigeria for different purposes and in different styles from shopping bags, to disposable bags, plastic bags and used in wrapping consumables goods and it’s a fabric that is made from petroleum products. There are two major types of Nylon products which are low density nylons and the high density nylons. They vary depending on their uses and applications. Over the years the demand for Polythene nylon products have continued to escalate in Nigeria because of the increase in shopping malls, sachet water packaging, the need to wrap almost anything. There is hardly a thing in Nigeria today that is not wrapped in polythene nylon bags, even refuse. Despite this huge demand for the product, there is less supply from the polythene nylon manufacturers in Nigeria due to several reasons of which finance tops the chat most times. This creates an opportunity for anyone who is willing to start manufacturing nylon bags in Nigeria and make huge profits doing so.

Though a lot of people in Nigeria are doing just the nylon cutting and sealing business in different parts of the country producing and selling complete polythene nylon bags can give you a huge advantage over the rest of the people in this business. In simple terms, who handles the production controls the market. In financial terms, people who are into just the cutting and sealing aspect of polythene nylon business cannot be compared to you who handles the complete production.

Types of Nylon bags you can manufacture and sell in Nigeria

  • Low Density Nylon bags: This type of nylon is widely used to wrap snacks, breads, sachet water because of its thickness.
  • High Density Nylon bags : It’s widely used for Garbage bags, Pharmaceuticals, Packaging, disposable, shopping bags etc. because of its durability strength.

The rest of this guide discusses step-by-step what it takes to start polythene nylon bag manufacturing in Nigeria and how to do so profitably. If you read this article to the end, you should be on your way to starting a lucrative start polythene nylon bag manufacturing in Nigeria in a matter or months.

How to Start Polythene Nylon Bag Manufacturing in Nigeria

How to Start Polythene Nylon Bag Manufacturing in Nigeria

Raw Materials required for producing Polythene Nylon bags

The main raw materials needed for production of polythene nylon bags are:

  1. Escorene
  2. Luplen
  3. Dow
  4. A.S.F
  5. Master Berg

These raw materials will be extruded into polythene and polyethylene sheets which will be made into other shapes and sizes for consumer uses. These raw materials can be sourced locally but most Manufacturers buy these materials from Indonesia, India, China and South Korea. When you have decided on your source of the raw materials, the next concern should be getting the machines to handle the production.

However, when buying the Machines, ensure that you thoroughly understand the capacity the machine can produce and if it has both the ability to produce both high and low density nylons at same time or if its separated. Because there are many types of machines in the market that can produce polythene nylon products efficiently and effectively, I recommend you to ask questions and understand how they works.

Why people choose Polythene bags

  • Lightweight
  • High Tensile strength
  • Durability Resistance to damage

How to start production of nylon in Nigeria

1. Do A Proper Market Survey

You need to do a very good market survey about your potential customers before you start. In the course of your market survey you will discover where to sell, whom to market your products to, and when to supply the products. A good knowledge of the marketing mix will guide you in positioning your business and products to the market in a professional way.

Evaluating the Polythene Nylon industry in Nigeria is a good step in starting polythene nylon bag manufacturing in Nigeria as it will help you to know the legal registrations and licenses needed to set up this business in Nigeria. You will also know your competitors and what they are doing which will position you on how to take a different approach to target to your customers. This is why doing a proper market survey before starting this business cannot be overemphasized.

2. Write Business Plan

A well detailed business plan gives you an edge will help you to know how to move your business from one stage to another as the business proceeds. Some of the key things your business plan will help you with is accurate information of the financing needed for this business, the scale at which you want to operate and upscale/downscale strategies, advertising strategies, the business organizational structure, etc.

3. Register Your Business

Find the office of the Corporate Affairs commission of Nigeria and register your business or company name. It’s very easy as they have updated their services and this can be done with a limited days.

4. Raise Fund

Starting a polythene nylon bag manufacturing in Nigeria is not cheap. You need at least N10,000,000 for it. As such, you need to raise funds for the business from all means good and necessary of which includes your personal savings borrowing from the banks, family and friends. Make sure you have enough capital that can carry the business for at least 6 months before tangible profits begin to set in.

5. Lease a Land or Rent a Warehouse

You will have to buy or lease a piece of land at an industrial layout which is easily accessible by transport systems to enable easy movement of your raw materials and the finished products.

6. Buy and Install Needed Machines

Purchase the Machines needed from a good source or through the Alibaba website and look for good engineers to install the machines for you.

These are the machines you should consider buying:

  • Extruder Blowing Machine
  • Cutting Machine
  • Punching Machine
  • Recycling machine

The price of the machines varies start from 12,000 Dollars to 35,000 Dollars.

7. Hire Staff

Hire few staff initially, especially the people that is very necessary to the success and daily/routine operations of the business. This includes such people as machines operators, engineers, and laborers, accountants, managers, marketer, and product manager. With time, you can add more people to the team to enhance the business.

8. Get a Truck

Get one or more trucks that will aid your transportation processes in the business. If you have a good transport system which take both finished products to customer’s location and transport your raw materials to the factory, you will save yourself variables costs of hiring one at all time and time wasted will be reduced.

9. Kick Off!

Start manufacturing your products according to an acceptable specification and store them for supply.

10. Market Your Products

Advertise your company and its products regularly so that you will be known by marketers that patronizes of your products. A good marketing strategy is important to reach to millions of Nigerians and using different platforms of advertising such as Google, Face book. Advertising on blogs is also recommended. Deploy both online and offline marketing strategies to get your products to your desired customers.

Opportunities in The Polythene Nylon Business

There are huge opportunities in Manufacturing polythene nylon business in Nigeria because of the high population of Nigeria and the potential to reach new markets in other parts of West African countries. Indeed, the opportunities are immense.

Shopping in Nigeria has increased in the past years and a demand for Custom Shopping bags is flowing up. Starting your Nylon business will get you to reach out to these companies and make a lot of sales.

Target Markets for Nylon Bags You Should Consider:

  • Restaurants: Custom made bags uses in wrapping take away foods at many eateries in Nigeria.
  • Pharmacy: Pharmaceutical bags for wrapping up drugs.
  • Shopping Mall: A good place to boost your market share.
  • Laundry Stores: A nice target.
  • Waste Management businesses: It will be used to dispose wastes and very useful to them for reselling.
  • Public Markets: A major step in the right direction to reach to millions of sub-buyers.
  • Fashion Stores: To wrap up clothes and shoes.
  • Mineral Water factories: Used as sachet water and very common in Nigeria
  • Supermarkets: Very nice place to reach out to.
  • Bakery Companies: It’s used in wrapping up breads of different sizes.

Other places you can sell the product are:

  • Schools
  • Hospitals
  • Agencies
  • Snacks Factories etc.

Wrapping Up…

Polythene Nylon Bag Manufacturing in Nigeria is very lucrative and applying some innovative measures to have a different approach both in design and marketing will boost your company’s brand to the population. However, you need a good marketing strategy to penetrate the market and gain a lot of traction with the target customers. Growing your polythene nylon business in Nigeria needs more education on marketing. Besides, you should endeavor to deploy different channels of advertising to reach out to your potentials customers.

If you have questions with regard to this article on how to start polythene Nylon Bag Manufacturing in Nigeria, please comment below.

Comments

comments

Continue Reading

Business Ideas

How to Start a Bottle Water Production Company in Nigeria

Published

on

A bottle water company in Nigeria is a very lucrative and good business to invest in considering the population and the target market. The demand for clean water by individuals, homes and corporate bodies has expanded the market of bottle water in Nigeria. As such, anyone going into bottle water production in Nigeria today stand a high chance to make good returns on investment if the business planned and executed professionally. In this guide, I will be showing you step-by-step how to start a bottle water production company in Nigeria, and how to make profit from this business.

You see, friend, the potential Nigeria is a very large market with almost unlimited opportunities for profits. Besides, and the ever-growing population of Nigeria has made it easy for almost anyone to easily project and take advantage of the immense opportunities that come with steady population growth. Now, based on these two constructs, almost anyone can start, run, and make huge profits from bottle water company establishment.

Bottle water is used in many offices, at parties, while traveling, in schools and in homes across Nigeria. This gives credence to the establishment of bottle water company because of the large market opportunities available, making it one of the most profitable business one can invest in in Nigeria.

How to start a Bottle water company production in Nigeria

How to start a Bottle water company production in Nigeria

Basic things needed to start a Bottle Water Company in Nigeria

(1) A Reliable Source of Clean Water

Water source is very essential because you need to have a very good water source that can be dependable for a long time. You can get a spring water, mineral water, bore hole or other sources and listing your source of water in your label gives you a good advantage and some people usually checks the sources of water before buying.

(2) Government Approval

Government Approval is very essential before you start producing or start selling and getting your approval is by registering with NAFDAC. It costs about 300,000 Naira to register with NAFDAC but I will advise to find some agents that work with NAFDAC officials to be able to fasten your registration process and they may demand up to 500,000 Naira to speed up and obtain the Approval for your company. They are recognized by NAFDAC and will also make the site inspection and approval to be easier and often go free. The license is renewable after every 5 years for bottle Water Company.

(3) Source of Plastic Bottles

Bottle Supplier is very crucial to consider because you need to find a reliable bottle production company that is a member of the International bottled water Association and you can sign up for a membership with them. You need them to supply the bottle plastic and cap for your bottle water company in Nigeria. You can find some bottle water supplier at Vconnect or Environmental expert and tradinz.

(3) Machines and Equipment

Machines needed for the water treatment, filtering , dispensers, sealers, and other things is very essential and you must make sure that the plant will use reverse osmosis, filtration and ozonator water treatment as this is standard set by NAFDAC ( National Agency for food and drug Administration and Control)for bottling water company in Nigeria.

(4) Storage tank

Storage tanks is very important too as you need to store your water before pumping it into the machine and you can buy some of these tanks at ranging price of 70,000 Naira to 120,000 Naira base on the size of the tank.

Other things you might need include:

  • Fire extinguishers and fire prevention equipment.
  • Alternate Power supply.
  • Online Batch Number Printer.
  • Trucks for delivering finished product.
  • Offices for administration purposes.
  • Office equipment

Bottle water filter and washer, filler and packaging Machines which you will also need to buy

How to start your Bottle water company in Nigeria

  1. Study the Environment and research your target market.
  2. Get Your Business Plan.
  3. Look for Good Location.
  4. Buy or lease a land (at least 1,800 Sq) is enough.
  5. Build a factory or a warehouse.
  6. Buy and Install the water bottling Plant.
  7. Find a Bottle Supplier.
  8. Get Your Cap and Labels ready.
  9. Register your business or Company with CAC
  10. Get Approval from NAFDAC
  11. Get Additional Power Generator
  12. Employ few Employers at first.
  13. Start Production.
  14. Market and Advertise Regularly.

Starting a bottle water company in Nigeria gives you an added advantage as you can easily obtain loan from the bank or get easily the SMEs fund support from the government through the bank and some other organization. There are other big competitors in the Market who have made names for their self in bottle water company but because of Nigeria population, everyone is still accommodated in the Business. Such company is as follows:

  1. Eva Water
  2. Gossy Water
  3. Pure Life Water
  4. Swan water
  5. Ragolis water
  6. Coscharis water and others….

Finding Your Target Market

Finding your target Market where you can sell your finished products is easier in Nigeria as people gather in many places and so they need to drink water regularly to void dehydrating. It is in these places that your market is. I am referring to such places as:

  1. Sports Vicinity
  2. Shopping Malls
  3. Super Market/Convenience Stores
  4. Restaurants/Eateries/Fast Food
  5. Hotels/Guest House Bars
  6. Drinking Joints/Beer/Wine/Meat Bars

1) Sports Vicinity

This is a very good place to advertise your products and have an agreement with the organizers to approve the sale of your water only or with products (bottle water) from a few other companies.

2) Shopping Malls

You might find it difficult convincing some shopping malls owner to list your product in their shelves as a beginner but with time you will have your way and this is a very good location to advertise and sell your product.

2) Supermarket/Convenience Stores

This is regarded as the small shopping malls in Nigeria and has a need to advertise with them to sell your products.

3)  Restaurants/Eateries/Fast Food

This is a very good place to market your product and considering the vast number of restaurants in Nigeria. You will always have your way with many restaurants and eateries out there in Nigeria.

4) Hotels/Guest House Bars

This is a very lucrative target market for your product as most hostels don’t sell sachet water in their premises and this will make a high demand of your product if allowed.

5) Drinking Joints/Beer/Wine/Meat Bars

This is also a very good marketing target because of the high populations of Nigeria that turn out to visit these places for relaxation and entertainments.

Other places include:

  • Offices
  • Schools
  • Universities and Markets

Marketing Your Product

Marketing is the livewire of  every successful business and the bottle water business in Nigeria is not left out. You have to advertise your products regularly on TV stations, Radio Stations, the internet especially social media. Offer free samples of your products to people to boost . Promote your product always. Make use of your marketing strategy to keep your bottle water company afloat always.

If you found this article suitable to your need, please post a comment below and let me know you were here. Thanks.

Comments

comments

Continue Reading

Trending