One thing I know for sure is that the beauty industry would forever strive same as the health industry but the best news here is that the Agricultural sector is the foundation for their success.
There is an increased use of organic cream. Also a lot of Nigerian and african ladies now loves to keep their hair in it's natural form hence the need for various essential oil to keep up.
Oil business is a good business to venture into if you have a lot of young ladies around.
The popular oil we all know is the
1. Groundnut oil 2. Palm oil 3. Coconut oil.
But the truth is that these 3 oils are not even the only set of oils in the agricultural market.
Many other oils, especially the ones used for beauty and health maintenance are called essential oil.
They are usually expensive and that means more money.
How are oils extracted?
steam distillation and cold pressing. Steam distillation works by boiling the herbs and plants till the essential oils separate from the plant and float on the water. You can collect the oil on the surface of the water and store it in an amber glass.
The cold compress most times need a compressing machine to achieve.
You also need to note that there are oil extraction machines and you would need large quantity of these products to get considerable amounts.
Where can you sell?
1.You can sell these oil anywhere you find beauty-inclined ladies with a taste for natural options.
2. You can also sell in some health based super markets and malls though you can be restricted if you don't have so certifications like NAFDAC in Nigeria.
3. On the e-commerce stores and beauty based academy.
How profitable is this business?
As profitable as you can be able to bran and identify your target customers.When next you see citrus peel,carrots,ginger and garlic , make some oil,gather the others and make some for sale..
What are the simple steps to set up an oil business? 1. Read about various essential oils and thier uses/benefit. 2. Identify whose benefit is of more demand within your locality
3.identify the best extraction startegy to use 4. Source your raw materials 5. Practically extract.
and share with potential customers for feedback and testimonies 6. Analyze cost incurred in the first process and determine the selling price for products 7. Advertise among potential client with testimonies available.
8. Get your orders and mass produce for the market taking note of various branding method available.
Being an agripreneur doesn't need you going into farm practices alone.
Until we meet again, I am your Agricbusiness Evangelist
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If you are not patient enough don't worry you can still be in the agric business.
Yes, I said so because along the value chain there are many ways of making money but one key opportunity for those who want to venture is agro marketing. #farms
There are many agricultural products people around you consume; you could start being a distributor.
In fact, most times I advise anyone who wants to go into farming or production to start off marketing. #business#innovation#selling
That way you begin to learn some basics so when you go into your own, you would have identified the need of the customers in your niche.
For example, if you want to start a layers farm, sell eggs!