Production of soap is a very good
business to venture into in Nigeria. It is a kind of business that is not
capital intensive and can easily be started on a small scale. It can spin in
massive turnovers within a short period of time, thereby giving opportunity for
financial breakthrough and a means of being your own boss with a very little
technological skill. Soaps serve multipurpose functions in everybody’s daily
activities ranging from their use for bathing, laundry purposes and even
commercial uses. This makes the demand for soaps a continuously rising one. The
market for good soaps cannot be exhausted and one can make a good living by
investing into a productive business like this. One other advantage of venturing
into this business is the ability to start up even on a very small scale and
with a little capital. You can start in a place as small as a store or a room
in your house. It should just be noted that chemicals used in this line of
business are very corrosive and it is therefore necessary to take necessary
precautions to prevent hazards or accidents. Making one’s product of high
quality can also increase sales and demand and give one’s product edge over
products that have been in the market before.
NEEDS TO START.
CAPITAL: It is important to have
a sum of money to start up with, depending on the scale at which one is
starting up on.
EQUIPMENT: Necessary equipments
needed has to be made available. There is need for equipments like molders,
trimmers, cutters and even stamps for labelling.SAFETY AND PRECAUTION: Necessary precaution should be taking in the work area to prevent accident; use of gloves, provision of fire extinguishers etc cannot be over emphasized.
INGREDIENTS: some chemicals and
materials involved in soap making include.. lye, essential oils, colorings,
fragrance, water, depending on your specifications
MARKETING: it is important to put
effort into distribution of your products and creating awareness for your
products. This will help increase the demand on your products and also improve
your profit. Other means of marketing like digital marketing can also be
applicable.
Soap making and selling is one of
the small scale businesses to consider if you are thinking of starting your own
business.