Do you want to start building materials business in Nigeria and earn money, startup plan, best dealers, suppliers, and market?
If YES, then this is the only post to read.
If starting a building materials business in Nigeria is one of the business ideas and plans you have today, then you’ve got a huge one there.
Venturing into the building materials business in Nigeria has become a gold mine because of the recent surge in the purchase of real estate properties.
Not only that, but people also build luxurious houses for personal use, too.
So, building materials of all kinds sell extremely fast.
Steps to Starting Building Materials Business in Nigeria
Here are the steps to start a profitable building materials business in Nigeria:
1. Decide on the Type of Building Materials You Want to Sell
When starting a building materials business, the first thing to do is to decide on the type of building materials you want to sell.
This decision should also be based on the budget you have for the business.
Also, you can decide to sell more than one type of building material.
2. Do a Market Survey
Carrying out a market survey will enable you to understand the building materials currently in high demand in your location.
It will also help you know their market price and how much their retail prices are.
Every business has the leading competitors.
Finding and capitalizing on their strengths and weaknesses will help your business thrive.
Knowing their weaknesses will help you stay ahead of the competition.
3. Draft a Business Plan
Drafting a good business plan that details all your business goals and the strategies you want to implement to enable business is also the key to business growth.
Outline everything that has to do with finance for the business.
It will help you track your business strategies and progress.
4. Get the Permits and Licenses
Every business has rules from the Government guiding it as permits.
Get all the permits and licenses to help you avoid business troubles.
Again, this requirement depends on your location.
5. Find a Suitable Location
Location plays a significant role in all business types.
It determines how sales will go.
Find an area where your target audiences are and ensure people can easily access the place.
6. Get the Inventory
When starting a building materials business in Nigeria, source the inventory.
The best thing to do is get materials in high demand and meet the needs of your target customers, and the rest will blow your mind.
7. Market Your Business
Market your business like your whole life depends on it.
Talk to people about it both online and offline.
Put strategies in place that enable you to do shameless marketing.
Open a business page on Facebook and keep it active for your business.
Through there, customers can place orders.
8. Provide Excellent Customer Service
Providing excellent customer service is essential for every business, and the building materials industry is no exception.
Make sure that your customers are satisfied with the products and services that you offer.
Don’t try delivering low-quality goods to your customers; it will kill your business before it starts.
Building Materials Business in High Demand
Before starting a building materials business in Nigeria, ensure you do your research well.
Find the high demand building materials in your location and focus on them.
Know your target audience and their pain point before delving into it.
Here are a few below:
- Recycled materials
- Concrete blocks
- Electrical wiring material
- Iron doors and windows
- Roofing materials
- Oil paints
- 3D-printed materials
- Plumbing materials
- Roofing installation materials
Consider this before starting the above in-demand building materials business in Nigeria.
Look out for quality and not quantity. Doing so will help you build a large clientele.
Building Materials Business in Nigeria
Here is a list of building materials businesses in Nigeria:
- Cement: Dangote Cement, BUA Cement, Lafarge Africa, Ibese Cement, Ashaka Cement, WAPCO Cement.
- Sand: Sayusan Ventures, Basof Ventures Limited, Befit Properties, Daily Project Nigeria Limited.
- Granite: Dangote Industries Limited, Granite Industries Limited, Rock Crushers Nigeria Limited, Granite Plus Nigeria Limited.
- Iron Rods: IronInNaija, Padson Industries Ltd, Niger Steel Development Company, Premium Steel and Mines Limited.
- Tiles: Auxxdsson Global Resources, Bayu Enterprises, Debartho Marble Co., Opalok Global Concepts.
- Plumbing Materials: Bayu Enterprises, Omega Choice, Opalok Global Concepts
- Other Building Materials: BUA International Limited, Dele Oguns and Sons Nigeria Limited, Descent Services, Domisun Nigeria Limited, Qmb Builders’ Mart, Resource Team Co.
This is just a small sample of the many building materials businesses in Nigeria.
There are many other businesses that sell a wide variety of building materials, including:
- Roofing sheets
- Doors and windows
- Electrical supplies
- Hardware tools
- Sanitary wares
The building materials business in Nigeria is a large and growing industry.
The demand for building materials is expected to continue to grow in the coming years, as Nigeria’s population and economy continue to grow.
If you are interested in starting a building materials business in Nigeria, keep these in mind:
- Choose a niche. Do you want to sell a specific type of building material, such as cement or iron rods? Or do you want to sell a wider range of building materials?
- Start small. Don’t do too much too soon. Start with a small inventory and a small business space. You can always expand later as your business grows.
- Find a suitable location. The location of your business can have a big impact on your costs. Choose a location that is convenient for your customers and that has affordable rent.
- Find reliable suppliers. There are many suppliers of building materials in Nigeria, find suppliers that offer high-quality products at competitive prices.
- Develop a marketing strategy. How will you reach your target customers? Will you sell your products online or in a physical store? You can create a website or social media page for your business or run targeted ads in local newspapers and magazines.
- Get the permits and licenses. The specific permits and licenses you need will vary depending on the type of building materials you are selling and the location of your business.
Building Materials Business Cost
The cost of starting a building materials business in Nigeria depends on several factors, including the size and location of your business, the type of building materials you sell, and the level of service you provide.
Below, I summarize the costs you may need to consider:
- Start-up costs: This includes the cost of renting or purchasing a business space, purchasing inventory, and marketing and advertising your business. Start-up costs can range from ₦500k to ₦15m.
- Operating costs: This includes the cost of rent, utilities, salaries, insurance, and other ongoing expenses. Operating costs can vary depending on the size and location of your business.
- Inventory costs: The cost of inventory will vary depending on the type of building materials you sell. For example, the cost of inventory for a business that sells cement will be higher than the cost of inventory for a business that sells sand.
Starting a building materials business in Nigeria can be a challenging but rewarding experience.
With careful planning and execution, you can build a successful business that meets the needs of your customers.