How to Start a Wholesale Provision Store Business and Make Money in Nigeria

If you want to start a business, you need to know what kind of business you can start. There are different types of businesses that you can start and make money from it. When it comes to starting a business, there are some things that you need to keep in mind before you decide on the type of business that you want to start.

The first thing that you have to consider before starting any sort of business is your passion and interest in that particular field. You should always do something that makes you happy, because if it doesn’t make you happy then it won’t be easy for you to succeed in the future.

In this article, we will be talking about how to start a wholesale provision store business and make money in Nigeria

What is a wholesale provision store?

A wholesale provision store is a shop where people come together and buy items together at one go. The items are usually bought in large quantities so as to save on costs and make profit for the owners of the shop.

How do I start my own wholesale provision store?

The first thing that you need when starting your own wholesale provision store is capital; this means that before making any purchase or ordering any product from your supplier or manufacturer

Why Should You Start a Wholesale Provision Store Business?

Starting a wholesale provision store is one of the best ways to make money in Nigeria. Here are some of the reasons why:

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You don’t need a lot of capital to start this business. All you need is enough money to stock your shop with products and supplies, as well as set up your online shop if you want to go online with your business. You can also use your smartphone to order items from suppliers and sell them directly from your shop (see below).

These items will include foodstuffs like rice, beans, pasta and flour; toiletries like soap and toothpaste; cleaning supplies like bleach, detergent and disinfectants; electronics such as televisions and computers; clothing such as shoes, shirts, pants and jackets; toys for kids like dolls and action figures.

How to Start a Wholesale Provision Store Business and Make Money in Nigeria

The first thing you need to do is get a business idea. You can start with any idea that is within your scope. The next thing is to register your business name with the Corporate Affairs Commission (CAC). You can also register your business name at the National Bureau of Statistics (NBS) if it is within their scope.

After doing all these things, go ahead and set up your shop. Make sure that all the items are properly arranged so that they are easy for customers to see them clearly. After all these things are done, advertise your shop on social media platforms like Facebook, Twitter, Instagram and others.

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How to Start a Wholesale Provision Store Business and Make Money in Nigeria

There are many people who want to start their own wholesale provision store but they don’t know where to start from. The first thing that comes into their minds is how they can get hold of the capital required to start the business. But, this shouldn’t be the case because there are ways you can raise the capital without having any financial backing at all.

The first thing you need to do when starting any kind of business is research on what products sell best in your area and how much profit margin will be made on each product sold by your competitors in that area.

You will also need to look for suppliers who will offer products at good prices so that you don’t have to incur losses when buying from them since this will affect your profit margins negatively.

How to Start a Wholesale Provision Store Business and Make Money in Nigeria

3Here’s how you can start your own wholesale provision store business in Nigeria:

1.Get your capital ready. You need about N1 million for this kind of business, but it all depends on what kind of products you want to sell. For example, if you want to sell food items such as rice and oatmeal, then the capital required is less than if you wanted to sell cosmetics and beauty products or even apparel items such as dresses and jeans.

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2. Find a location for your store where there is good demand for your products. You can either rent or buy a building depending on your preferences and budget constraints. It’s better to rent at first so that if things don’t work out as planned, you don’t end up losing much money by selling off assets bought by yourself before it even got profitable enough for returns to justify the initial investment made into buying such assets in the first place.

3. Hire staff members who will help run your store on daily basis; this includes clerks who will

Wholesale provision stores sell goods in bulk quantities at reduced prices. They are also referred to as ‘wholesaler’s shops’ or ‘wholesale shops’. Wholesale provision stores sell products in large quantities at low prices and make their profits by marking up the price of these products when they sell them to retailers or end users. For example, wholesale stores often sell items such as food and beverages at a much lower price than regular supermarkets do because they buy them in bulk quantities from their suppliers.

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