The article, which has already gotten thousands of views received a lot of feedbacks from our followers. In the comment section, our attention was drawn to a comment from one Chizoma, in which she pointed out some areas that we didn't address in the article. I promised to reply her in less than 24 hours, as I forwarded the comment to our editorial team.
See her comment below:
Good morning. I just read your write-up on how to start foodstuffs bhusiness. The steps to starting the business and the challenges one may encounter and I thank you for putting that up, but I have some concerns because you did mention the areas I'm seriously looking forward to . My questions are:
1. Where do stuffs like; tin and sachet tomatoes, seasonings of all types, canned foods, spices of all types, groundnut oils, semo, spaghetti, noddles, etc fall in? Are they not also foodstuffs? Or do you have another name for them?
2. Why are they not included and discussed like foodstuffs? I asked because I have been searching the net to gather infos but to no avail. I only see raw foodstuffs like the ones you discussed.
3. Could you please help treat this area of business, how to go about it starting in wholesale as I'm looking forward to starting it pretty soon.
Thanks for your help and support. God bless you.
Actually, the things listed in your first question can be categorized under food stuff, if you take a look at the main article,you'd notice that we didn't list out specific food stuff. We actually wanted to generalize them, but since you asked, we'd be explaining the steps on how to start a food spicing business in Nigeria.
Is Spice Business Profitable?
Before venturing into any business, you'd first want to know how profitable it is. In this article, I'd be referring to all cooking condiments as spices. You know, majority of people that deal on spices combine it with other foodstuff like rice, beans, tomatoes and others.Why venture into spices business?
• It can be done in any season
Have you ever heard someone complain of not being able to buy thyme because it's January? Nup...but you can hear that yam is scarce, or certain fruits are unavailable due to the season.So if you're looking for a business that will be running throughout the year, venturing into spices business will be a great choice.
• Demand for spices is high
No one can prepare stew or fried rice without adding spices. Spices add flavor to food, so any good cook won't make the mistake of cooking without adding it. Some commonly consumed spices in Nigeria include turmeric, coriander, chilly, etc.• Location is not a barrier
Yes, it is not pig farming that is restricted in the Northern part of the country or something else. Spices can be traded on from any part of the country and you'd still make your profits.• Your profit is assured
Making profit is the goal of every business person, and trading on spices can help you achieve that. Inasmuch as it is not a get rich scheme, you're still assured of a regular flow of income from it.Starting Food Spicing Business
Having looked at some reasons why venturing into food spicing business is a great choice, we'll now move to the business proper.Below are some tips on how you can start a successful food spicing business:
• Learn more about the business
As with every business, in order to excel in food spicing business, you'd first need to understand how it works.Because of the role spices play in the taste of our foods, they might be considered an indispensable part of the recipe.
According to businesshab.com, Nigeria is the highest producers of spices in the world. They further stated that over 38.68 tons of spices are produced in Nigeria, these include more than 50 different types of spices.
They also listed Nigeria as the leading consumer and exporter of spices like cumin pepper, turmeric, dry red chilli, etc. Beside the regular consumption in our homes, these spices are also used in the processed food industries.
• Register your business
This is not compulsory, at least as a beginner but will be necessary if you intend expanding in the future. Getting your business registered will help you if you intend applying for loans in the long run.Registering your business with the corporate affairs commission will help you have a business name. It is also affordable and can be done from the comfort of your home with the help of a trusted agent.
• Look for a good location
Your location really matters in foodstuff and food spicing business. Your choice location should be in a busy area, or if possible in a market place. The more exposure you get, the more sales you'd be making as you advance.• Get the necessary equipment
Depending on the scale you intend operating, you might be needing several equipment like:- Spice grinder
- Heating sealing machine
- Disintegrator
- Sieves
- Space grinder
- Roster
- Weighing scale
After getting the equipment, you can then proceed to the final stage of buying the raw materials. Spices that you can deal on include cumin pepper, turmeric, dry red chilli, Mustard, Methi leaves, Poppy seeds, Fennel seeds, Mixed powder and others.
To find out more about this business, or challenges of foodstuff business in Nigeria, kindly visit here. Don't forget to drop us a comment and share with your friends.
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