How to Start Fabric Business with NGN 10,000 and Make NGN100,000 Monthly in Nigeria
Running a Fabric business either online or in-store can be challenging, knowing there are a lot of industries out there but what if you can start your fabric business with Zero Naira? which means you don’t need CAPITAL to start.
Read: An Ultimate Guide to Social Media Marketing for Small Business
All you need is your internet subscription to post samples online using your smartphone.
As you get yourself ready to decide on what you want to go for, do know that Fabrics is a lot more fun to sell for me.
Table of Contents
How Does it Work?
Are you already inquisitive about how to get started on your new source of income with little or no capital?
Let’s Get Started
Just as mentioned above, you can start this business without capital but to do so, you will need to get in touch with the company Mjay’s Fabrics. This company provides fabrics at an affordable price and also has a well worked-out plan to house those with little or no capital which means you can start this business with zero capital if you relate well with them. More information on their contacts is below.
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Tips for Getting your fabrics at a cheaper rate and increase your income
The aim of every business is to make income and one of the major ways to do this in the fabric business is to:
- Buy from the market yourself check out the quality and negotiate with the seller.
- Buy in bulk to save cost.
How Many Can I Start with and How to Start Fabric Business
As a new business, it is important not to rush into ordering large quantity especially since you are not certain about what your target customers would prefer. Therefore, it is advised you start small and grow your business as your income increase. Haven said that it is also important to note that the above-named company suggests the following for starters
- Minimum quantity for starters 5 packs
- The maximum quantity for starters 30-50 packs
- Increase in order can also help boost your business
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How to Attract the Right Customers
- Your success in this business highly depends on your ability to advertise and the use of social media promotion is a major tool to explore if you really need success. Remember, this must not replace word of mouth advertising because those who know and trust you will easily buy from you and the words can spread faster as they wear the material.
- Quality is a tool in the hands of those who understand its importance and your fabrics can attract the right customers. Fabrics with super quality and texture call buyers to you.
Making Profit depends on the quality of material
Just in case you have been wondering how much you can make from this business, let’s show you some basic math.
For instance, Cashmere 7 star (highest quality) is sold for 4500 per yard ( four thousand five hundred Naira) 4500x4yards = NGN18,000, you can sell a pack (4yards) for NGN 20,000(Twenty thousand Naira) depending on your location, this can be sold at a higher price. That means you will make NGN2,000 profit on the average per sale or more.
Another grade of Cashmere (senator material) is sold for NGN1,000 Naira per yard (wholesale price).
Also, plain and pattern material is sold for 3,500 Naira per pack (wholesale price).
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Just in case you are still wondering if the NGN 100,000 mentioned above is possible, let me quickly mention here that all you need to sell is 50 packs of cashmere 7 star that is if you decide to stick to that product alone. I am not talking about your capital here because I already mentioned you can start with zero capital with you discuss with the company and reach an agreement so the 10,000 mentioned might just be your cost of advertising per month and data. But if you have the capital to invest, you can still go ahead and do that and maximize your profit.
Read: 10 BUSINESSES YOU CAN START WITH LESS THAN 20,000 Naira
How to Ship your Product to Distant Customers
Shipping your goods depends on your customer’s location. For a beginner, you can target a particular location or the state you reside in.
If you prefer this option, you can get local delivery companies within the state to handle your delivery. This will usually cost between NGN 500 – NGN1,000 (Five hundred to one thousand Naira) while interstate delivery can cost between NGN1,500 (One thousand five hundred Naira) or more.
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Do you want to get Started Now? Reach out to the company below
Mjay’s Fabrics via:
Call: 08122080001
WhatsApp: 08174408992
Facebook: Mjay’s Fabric
Instagram: @Mjayzfabric
This post was written by MJay’s Fabrics with our assistance. This is in line with our free advert placement program posted on our Instagram handle @Updatefly do well to follow us and like our posts and also feel free to reach out to us if you have any business that requires little income and will benefit Nigerians.
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