There are different businesses out there. However, the particular business that interests us right now is eggs supply business. Why are we interested in this business? The same reason we are interested in any other business, money.
However, before we delve any deeper into the details of how to make money from eggs supply business, I believe we should start with the subject matter first.
The Relevance of Eggs
Eggs are an excellent source of proteins. According to WebMD, people who eat egg have been shown to have a better diet. People buy egg often because;
- It has long refrigerator shelf life
- It is relatively cheap
- It is easy to prepare in different ways
- It is delicious
We are not even talking about the health benefit of supplying the body with vitamin A and chlorine. The former is necessary for bright eyes, and the latter helps build cell membrane.
Apart from the reasons above for keeping eggs. Eggs supply business is booming because of its numerous uses which include;
- Baking confectionaries, e.g., cake
- Used in cosmetics, e.g., shampoo
- Used in making glue
- Used to clean certain surfaces like leather
These are part of the reasons eggs are in high demand in Nigeria. Now more than ever, you can make a lot of money from supplying eggs.
You are about to learn how to make money from eggs supply business. Let’s jump right in.
Steps to Start Eggs Supply Business in Nigeria
1. Get Your Transport
Egg supply business is a mobile one. As such, it becomes necessary for you to have a source of transport. This makes the distribution of eggs easier and convenient. What’s more, it ensures you stay in business. Why is this?
Egg sellers are usually comfortable seating in their shops. They consider it inconvenient to go to farms for eggs. They would rather pay a little extra to have it brought directly to them. This is where you come in. All you have to do is transport the eggs to the buyers.
To achieve this, you must have your vehicle. You need to stay mobile.
2. Find Your Target Market
You already know where to pick your eggs. That’s the easy part. You can’t have an eggs supply business without knowing who to supply the eggs to. This is the hard part, finding your target market.
It should be a well-populated area. This way, you’ll have multiple customers to supply to. Preferably a market. Decide to supply specific markets in a city or state, and draw a strategy that will help you achieve this aim.
3. Where to Buy Your Eggs
The number of farms you want to work with depends on how large your business is. If you a have a large customer base, and the necessary transport to make deliveries, use 2 to 3 farms. However, if you are just starting up with little capital, one farm will do.
Some poultry farms require registration before you can pick eggs. After registration, booking the quantity of eggs you need becomes easier. You just need to make a phone call.
4. Paper Crate Vs. Plastic Crates
This is one of the significant decisions you’ll have to make when you are starting up. Paper crates have the advantage of being cheaper and protecting your eggs better than the plastic ones. It reduces the number of cracks during transport.
However, the plastic crates have the advantage of being more durable.
5. Cost of the Business
A large percentage of your capital will go to the purchase of a vehicle. If you already have a vehicle, that’s great. All you need is ₦80,000 to start this business. You can buy as much as 120 crates with this amount. The remaining balance should go to fuel and road expense.
How Much Can You Make from Eggs Supply Business?
The profit you can make from this business depends on how hard you work and how you sell your eggs. If you sell as a wholesaler, that’s a profit of ₦100 per crate. However, if you sell as a retailer, you’ll be making ₦300 profit on a crate.
This means, if you sell 100 crates per week, you’ll be making a monthly profit of ₦40,000. That’s not good enough, right?
However, if you set a target of selling 1,000 crates of egg every week, your monthly gain would increase to ₦400,000. Even after deducting your monthly expense, you’ll still have a significant amount of money to take home.
Wrapping things Up
Some people would consider egg supply business an odd way of making money. But the keyword here is “making money”. You’ll be making more profit than you could ever imagine. What’s more, there is room for expansion.
You can buy other buses, hire other people to assist in the distribution of eggs. There is money to be made in this business, it would be unwise not to take advantage of it.