Cosmetics Business Plan in Nigeria 2024 PDF Feasibility Studies
Cosmetic business is one business that has interestingly grown in Nigeria. Given that almost every Nigerian woman wants to look good.
This gives room for cosmetic ventures to thrive and also become profitable. Here is a well written cosmetics shop Business Plan and Feasibility study for you to successfully run a business in the cosmetic industry. Be rest assured that this feasibility study undergoes regular updates in respect to current economic condition of the country. For starters without start up fund, you can use the cosmetic business plan in Nigeria PDF file to seek for bank loans, enter into different competition as well as apply for grants at any issuing agency.
When people hear cosmetics, what comes to mind is female interest… NO! Cosmetics talks about cream applied on our body, deodorants, bathing soaps, tooth pest, perfume etc. The thing is we all need cosmetics in our daily, in fact there is one of these item that you must use on the daily basis, this means the chances of getting customers to your cosmetic shop is there.
Hurry NOW and BUY The Cosmetics Business Plan in Nigeria PDF Feasibility Studies. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Cosmetics Business Plan in Nigeria PDF Feasibility Studies, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
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With the cosmetic retail business plan pdf file, you will be getting into a business with loads of opportunities. The business is a lucrative one, because you will always have someone that will need even if it is bathing soap and given that there are numerous cosmetic products available for both men and women, there will be constant patronage.
Irrespective of how competitive the environment is and has been, a lot of people will always demand for cosmetic products. Now, in a country of over 180 million people, a handle of cosmetic store will not be able to serve the high demands of these cosmetic products, in essence, the market for cosmetic products can never be over saturated.
One of the advantages of starting a cosmetic shop or business is that you can actually start small and then watch your business grow into a mega cosmetic outfit. I remember One Mallam Sule who was into the sale of deodorant, he used to sell from the very small kiosk in front of my compound in WUSE Zone 6, within the space of 7 months, the business expanded and then he started selling bathing soap, makeup as well as other cosmetic products, so many factors worked for him, these factors I’ll be discussing on this post
Factors To Consider In Cosmetics Business Plan in Nigeria Start Up
There are various factors that helped Mallam Sule to grow his business, below are the factors that helped him excelled;
- Location of the business – Location of a business is one factor that has been underrated by many entrepreneurs when setting up their business, this is because they do not see it as important, now every business has a particular location that best fits it. And for Mallam Sule, Locating his small cosmetic shop at end of Sudan street at the beginning of his business wasn’t the ideal thing to do, but as time went on, almost everyone at the end of Sudan street patronized him, most didn’t see any need for walking down the street to get deodorant, in fact people from the other side of the street started coming to his own end to buy from him because he seemed to have every cosmetic product you needed. The only reason why he moved was because his business grew and then he had to move to a bigger space. In relation to Mallam Sule, you can start up from your street, with much dedication; your Cosmetics Business Plan in Nigeria will be a success.
- Dedication – As a small business, you need to dedicate you all your time in making the business to grow, by dedication this implies paying attention to information in your sales, profits, expenditure etc. Having a full account of the business finance will inform you ho how far the business has grown. At that early stage, do not hand over the business to a sales personnel, except if you started in a very big way, safe for that, there is no reason whatsoever why you should hand your small business to someone else, reports has shown that nobody will take care of your business better than you will do.
- Write A Business Plan – Every business requires a plan to execute it, and Cosmetics Business is one of such business that requires you get a professional writer to write a business plan for you (which in most cases is very costly) or you can choose the easy way out of buying a Cosmetics Business Plan in Nigeria PDF Feasibility Studies as advertised above, these business plans where written by professionals and every economic indices where put into consideration.
- Market Research – It is true that the market for cosmetic products is large, however, there are products people do not buy anymore, there are bathing soap that some customers won’t even take if you give it to them for dash (for free). These types of cosmetic products are no longer being sold by many cosmetic shops in the market, a little market research will inform you of the trending deodorant, bathing soap, make up kits that people request for regularly. Market research tell you of what the customers will want from your business.
- Competition – Competition is one market factor that keeps the market lively and interactive, however, as a new business entrepreneur in that section of business, you need to know the market forces in terms of competition that you are dealing with, know what your competitors are doing and seek for a way to improve on those things while adding your own service delivery spices.
Reasons Why You Should Consider Cosmetics Business
It is no secret that this business is a lucrative one, however, I know a lot of people will need a little bit of convincing before they can device if they should go into the Cosmetics Business Plan in Nigeria venture, here are a few reason that may change your mind about this business;
- Customer Base – Without a doubt the capital base for cosmetic business is very big and it accommodates both men and women as there are products that specifically apply to men and women respectively, also there are products that applies for people of different skin texture and complexion. All that is requires is to always have what the customer needs.
- Start Fund – Unlike many other type of business where you are expected to have large sum to start up your business, with cosmetic retail business plan pdf you can set up and begin with fund as low as N50,000. This simply implies that you can start with such an amount and still make profit, and that is starting in a small scale, imagine investing up to N1,000,000 or more, there are chances you can get an estimated returns of up to 70%. With a little more of that fund, you can start up as a wholesaler deal and the return on investment can be as high as 70%.
Types Of Cosmetic Products To Invest in;
See below;
- Personal care products
- Toothpaste
- bathing soap
- Deodorants
- Face powder
- Lipstick
- Lip-gloss
- Various facial make ups etc.
Uses Of Cosmetics Business Plan in Nigeria PDF Feasibility Studies
You can use your cosmetic/ beauty shop business plan feasibility study for the following purposes;
- Grant Applications
- Application for Bank Loans
- Proposal writing
- Business Concept Note etc.
Cosmetics Business Plan is without a doubt a lucrative business and as a business that will be funded, you need to have a strategic Plan to start up and execute your entire business template.
Do you want to get a Cosmetics Business Plan in Nigeria Feasibility Sample? Simply follow the instruction below…
Hurry now and GET YOUR Cosmetics Business Plan in Nigeria PDF Feasibility Studies. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for your Cosmetics Business Plan in Nigeria PDF Feasibility Studies, send the following info (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
NOTE – It is important to note that Cosmetics Business Plan in Nigeria PDF Feasibility Studies will immediately be sent to the email address you’ve provided after your payment has been confirmed.(Soft copy only).
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