How to Start a Snail Farm in Nigeria | Business Plan
After considering the questions I got in my email from the snail farming business plan in Nigeria post, questions such as how much money can you make in snail farming
or how lucrative is snail farming in Nigeria, I decided write this post on How to Start a Snail Farm in Nigeria.
Starting a business in Nigeria comes with its cost, most times after considering the procedure involved in setting up and running a business in Nigeria, entrepreneurs decides to seek other money making adventure. However, starting a business is no child’s play, more so a tasking business such as starting a snail farming business in Nigeria. At the end of this post, the reader would have had an idea on how to start a snail farm business in Nigeria.
Post Focus On How to Start a Snail Farm in Nigeria
On this post I will try to explain in plan terms the factors you need in place so as you can start your own snail farm business. The focus of this will be on the following;
- Factors to consider before starting your snail farm
- Possible financial implication for setting up a snail farming business
- The benefits in farming snails
Factors To Consider Before Starting Your Snail Farm
A business concern must at least observe some factors before going ahead in starting up, these factors should be the benchmark by which the business will be set up, in fact it should determine if you should start the business or not, below are the factors;
Write A Business Plan – If you decide that snail farm business is your next point of call, the first thing you should consider doing is writing a business plan first and foremost. The idea of writing a business plan is not ancient at all as most people have put it. In fact a plan prepares you for any eventuality. Like the popular saying goes “failing plan is planning to fail, when you consider planning as irrelevant, you might end up not fulfilling your business objectives which a business plan helps you to set. Some of the things that a business plan will help you in achieving include the following;
- Helps you to cut cost, a business plan tells you how much that will be required in each aspect of the business.
- You get to know the financial projection of the business.
- You also get to know what you need to start up the business… etc
To get the full Snail Farming Business Plan In Nigeria PDF Feasibility study (Including The Financial Productions And All), pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Snail Farming Business Plan In Nigeria PDF Feasibility, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
Continue reading;
Capital – After getting your business plan, either from buying our business plan or by contracting a professional writer to write a business plan or feasibility study for you, the next thing is to source for capital, your business plan can actually help you in sourcing for start up, the question is How? See below;
- Bank Loans – There are financial institution who are willing to give out soft loans to worthy customers, most times it requires the ability of the customers to convince the bank that they are the best candidate for the loan, that is where presenting a well written business plan or feasibility study comes in. Banks respects individuals with solid plans on how to financial run their business. Presenting a business plan puts you in pool position. A well written business plan can actually help you get your desired capital required to start up snail farming business in Nigeria.
- Grants – Obtaining grants is also similar to obtaining bank loans. This means that just like getting loans from banks, the applicant also needs t convince the issuer that they are the right candidates for the loan, hence you need to be able to present a quality feasibility study that shows that the money gotten from the grant will be put into good use. Since these grants mostly comes from foreign government as well as foreign bodies, they will want accountability.
- Business proposal – The complete feasibility study can also be your business proposal to any organisation. Giving that financial projections paints the picture of how the business will be financed, it brings some levels of conviction that the proposed business might be viable. No organisation will accept a proposal that doesn’t look viable, hence the importance presenting a proposal that prospective investor will find difficult to accept. Clearly outline your financial projection in the feasibility study.
Location – Your business location is really important in this business concern. In this regard you need a location not so much exposed to sun or excessive wind, preferably a location that has vegetation, trees and a slight covering. A little covering can make a perfect location/environment for your snail farm.
Financial Projection On How To Start a Snail Farm in Nigeria
Here you have a rough analysis of the financial implication of running a business like snail farming, see below;
- Your start up capital can be as low as between N 40,000 to N 50,000. This mainly is dependent on the available land space at your disposal.
- You can start with as much snail as 30,000 snails
- With the above number of snails, you stand a chance of an increase, if your snails can produce as much as hundreds of eggs, when they eventually hatch you maybe getting as much as 1,000,000 snails (a million snails) in your farm
- The is approximately worth more than N 5 million if its twice a year.
- You can begin with the Achatina Achatina species
- Lay them between 80–200 in one batch, at least 2-3 times each year.
- From the line above, you stand a chance of earning money from the eggs when they hatch.
Benefits In Farming Snails In Nigeria
Below are some of the benefits of farming snails in Nigeria. Note, it is not limited to the list below;
- Snails are hermaphroditic in nature – this is means they are highly reproductive as both the male and female snails have reproductive organs. This can bring about progressive growth of your farm.
- Snails are medicinal – for that this reason, there seems to be large market for snails, they has high nutrition value.
- In a country like Nigeria where religion holds sway, snail is acceptable by all including different religious groups as well as tribe.
- The market for snail is large since it is acceptable by all.
- There are minimal chances for loss, unlike most of the other livestock farming.
- Easy to set up a farm for your snail.
To get the full Snail Farming Business Plan In Nigeria PDF Feasibility Study (Including The Financial Productions And All), pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Snail Farming Business Plan In Nigeria PDF Feasibility Study, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
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