How to Start Egg Supply Business in Nigeria
Are you looking for a lucrative business to start in Nigeria? Do you want to start egg supply business but wondering how profitable it is? if yes, then just read on. Egg Supply Business is certainly one of the get-rich-quick schemes that are thriving in the poultry business in the Nigerian market.
This is one of the many legit Nigerian businesses that can pay off your bills and suit your needs.
As a Nigerian doing this Egg Supply Business, you can testify that the business is highly profitable and rakes a substantial amount of income into your bank account.
Eggs are now very high in demand poultry products and as such, investors in the business make a huge deal of profit from the business.
We have made a step-by-step on how to start an Egg Supply Business for Shops in Nigeria. Carefully read through this post in detail to get the full list of the content.
How to Start Egg Supply Business to Shops in Nigeria
What You Need To Start Egg Supply Business In Nigeria
Working Capital
No matter how cheap the business you want to invest in is, you still need starting capital. This capital can be in form of monetary value or human labor. In the case of the Egg Supply Business, you can start the business with capital from between ₦120,000 to ₦800,000.
With ₦120,000; you can purchase about 100 crates of eggs. However, if you don’t have that much capital, you can start with just 5 to 10 crates of eggs. Trust me, this is not too small for a person just starting the business.
These 5 to 10 crates of eggs will cost you between ₦6,000 – ₦12,000. Now if you buy a crate of eggs having 30 eggs for ₦1,200; and sell each egg for ₦50 – ₦70 depending on the size of the egg and your area, you can get a gross income of ₦1,500 – ₦2,100.
Also, if you remove the capital you started with, you must have made a net profit of about ₦300 – ₦900 for just a crate of the egg. Can you now imagine your profit if you go into the Egg Supply Business on a large scale?
Means Of Transportation
You need to get a business car or vehicle to successfully run your Egg Supply Business in Nigeria. As a starter in the business, you can use a wheelbarrow to sell your eggs, as that is the means most Nigerians use in the Egg Supply Business. However, this would limit your movement and egg sales.
Getting a business vehicle will help you cover wider areas and regions and even meet more of your prospective customers. The cost of purchasing a vehicle for your Egg Supply Business is comparatively expensive for a beginner in the business. Alternatively, you can hire a vehicle till you can purchase a personal business vehicle.
Finding Your Target Customers
It is very easy to buy eggs from the farms but it is not as easy to sell out the eggs especially when you are not meeting the right customers. The area where you intend to focus your business should be densely populated. This way, you can reach a wider audience that wants and need your egg products.
You can easily distribute the eggs if you have the contacts of the customers you wish to sell the eggs to.
Working Tools
To begin an Egg Supply Business in Nigeria, your most important working tool is the Empty Egg Crates. There are two types of egg crates which are the carton egg crates and the plastic egg crates.
The carton egg crates can contain only 12 eggs while plastic egg crates can contain 30 eggs. A single carton of egg crates costs ₦7 but you may get a discount if you buy the carton crates in large quantities.
Plastic Egg crates are generally more expensive than carton egg crates and this is because of the durability of the plastic egg crates.
Estimated Profits From The Egg Supply Business
Egg Supply Business is a huge goldmine that you can invest in and make profits regularly. As a retailer in the Egg Supply Business, you will not make as much profit as would a wholesaler in the business. This is because the wholesaler sells much of the eggs in bulk while the retailer sells it in bits of one’s and two’s.
A wholesaler who is well known in the Egg Supply Business will have a large customer base and as such find the Egg Supply Business to be very profitable and a great investment.
From the estimate we made under the working capital, you will observe that the Egg business yields much more profit when it is done on a large scale than when it is done with a few crates of eggs.
Frequently Asked Questions (FAQs)
Egg Supply Business is very lucrative and is also known as Egg Distribution Business.
The egg sales Business is not very capital intensive but can yield large results if invested properly.
You can sell eggs at a supermarket, in a hotel, on the roadside, at the market, or even in a shop on your street.
Yes, it is the business has been proven to be viable in most areas in Nigeria.
You can begin Egg business on a small scale with about N5,000; while for a large scale egg business you may need from N120,000 above.
A chicken can potentially lay about 2 eggs a day and nothing more.
You cannot sell eggs on any commercial platform, except if you are certified and registered as an egg producer.
Read Also: How To Start Cucumber Farming Business
Conclusion
The Business of Buying and Selling Eggs is not odd. Any business that you invest in that is legit and can pay much off your bills with additional reserve is one you should invest in.
Egg Supply Business is one of the businesses in this category. The interesting part is that you can either venture into a small-scale Egg Supply Business or a large-scale Egg Supply Business.
Any business you want to get into in the poultry farming sector will require that you make a feasibility study and make a business plan.
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