Do you want to start a popcorn business in Nigeria from home and online to earn money, equipment needed, and basic requirements?
If YES, then this is the only post to read.
The popcorn business in Nigeria has become lucrative for anyone ready to put in what it takes to thrive in business.
It is one of the easiest businesses to start, as it only requires production skills and startup capital.
Although many brands package popcorn and sell it in supermarkets, shopping malls, eateries, you can still start your popcorn business without branding and make a lot of money from it as this business can thrive in an open place at the market, in the street, etc.
An average popcorn seller who stays at a strategic spot makes at least ₦5,000 to ₦50,000 profit daily.
Use your calculator to do the mathematics and see how much the person makes at the end of each month.
Steps to Starting Popcorn Business in Nigeria
Here are the steps to start a profitable popcorn business in Nigeria:
1. Market Research
Before you venture into any business, do market research; the popcorn business is no exception.
Are there demands for this product in the area you want to start it?
Who is your target audience?
You need to understand how the business works, know who your competitors are, and how they run them.
2. Draft a Business Plan
Have you crafted a detailed business plan highlighting your goals, pricing strategy, marketing plan, and budget?
To run a successful popcorn business in Nigeria, write a well-detailed business plan that will serve as a road map toward the business success.
Note your overall strategy to make your popcorn business better than your competitors.
Choose a strategic spot for your popcorn business.
It could be in a mobile cart, kiosks, or online delivery.
Just make sure your site is where you will meet plenty of customers.
Although almost everyone likes popcorn and the business can thrive anywhere, some spots like the parks, beside supermarkets, beside or inside schools, and cafes will do better, as there are always plenty of people in these places.
4. Learn about Popcorn Production
To do well in this business, learn how to produce popcorn well.
It is easy and doesn’t cost much to gain the skill.
You can enroll in offline or online classes for it.
Find several articles and videos on the internet that teach popcorn production.
5. Gather Startup Capital
Once you have done the first three steps, know how much money you need to start the business.
The next thing is to arrange your start-up fund.
You can start with your savings or get loans from family and friends.
6. Get the Equipment and Ingredients for Popcorn Production
Gather all the equipment you need to produce and market your popcorn.
Provide materials such as corn, sugar, and butter for making popcorn.
7. Quality Control
In this popcorn business, maintaining the best quality is so important.
To build a loyal customer base, consistently produce quality and tasty popcorn.
8. Set Marketing Strategies
Marketing is a very vital aspect of every business.
How do you plan to market your popcorn?
Social media and local publicity will go a long way.
Advertise your business to family and friends.
Tell people on social media, on the road, in the church.
As it grows, you may pay for adverts to promote your business.
In the same way, you can get more buyers through reviews.
When customers patronize you and like your goods, they tell their friends/family about it, bringing more customers to you.
So you must ensure you consistently produce quality and tasty popcorn.
9. Start Producing and Selling Popcorn
Once all you need for the popcorn business is ready, start production immediately.
One good thing about this popcorn business is that you will probably begin making multiple sales directly.
Popcorn Business Cost
The cost of starting a popcorn business in Nigeria will vary depending on several factors, including the size and location of your business, the type of equipment you purchase, and the level of service you provide.
Expect to spend within ₦50k to ₦500k to start your popcorn business in Nigeria.
Equipment Needed for Popcorn Business in Nigeria
The equipment needed for a popcorn business in Nigeria is the same as the equipment needed for a popcorn business anywhere else in the world.
However, there are a few things to keep in mind when choosing equipment for a popcorn business in Nigeria:
1. Power Supply
Nigeria has a notoriously unreliable power supply, so choose equipment that can run on generators or other backup power sources.
Nigeria is a tropical country, so choose equipment that can withstand the elements.
Popcorn businesses in Nigeria are often small and family-owned, so choose equipment that is affordable.
Here is a list of the essential equipment needed for a popcorn business in Nigeria:
- Popcorn machine.
- Popcorn kernels.
- Popcorn oil.
- Popcorn seasoning (salt, sugar, butter, and cheese).
- Popcorn bags or cups.
- Popcorn cart.
- Popcorn display case.
- Popcorn warming cabinet.
A Bag of Popcorn Price in Nigeria
The price of a bag of popcorn in Nigeria varies depending on the size of the bag, the brand of popcorn, and the location where it is purchased.
You can expect to pay between ₦100 and ₦200 for a small bag of popcorn in Nigeria.
A large bag of popcorn may cost between ₦300 and ₦1,500.
Starting a popcorn 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.