Welcome to this business blog. I hope you enjoy these articles I posted last week? Now I am going to share with you this new article now.
I think both businesses- kerosene and cyber café are more lucrative and profitable because they are in high demand I ever see in my country. Both are consumed daily by domestic and public consumers. The domestic consumers use kerosene for cooking food, for fire refuses, etc daily while consumers use cyber café for forex trade, business transaction, lover chats, information, etc daily. Anybody who goes into either of these businesses or both makes a fortune. They make a goldmine or good turnover every day even in a recession.
But there are between disadvantage and advantage of these businesses. Disadvantage is that through small kerosene business, you might not make much money daily like petroleum if the kerosene is available is in the oil station some where. Some domestic consumers prefer the oil station by going to buy litres of kerosene even if they sell costly because litres may be taller than a (litre) bottle of kerosene a retailer sell them.
My tenant advised me not to buy a bottle of kerosene from the kerosene retailer even if they sell cheap, but go to the oil (fuel) station to buy litres of kerosene because he said that if you buy two bottles of kerosene from the small kerosene seller, you might finish it within three or four days, but if you buy litres of kerosene from the fuel station, you might finish it within weeks or two or three months if controlled or more months if full of kerosene.
Sometimes, some of local consumers who can’t afford to buy costly can use wood or charcoal or any other type that can be fired to cook food I see in my country. That is a great problem. You may not make much money from your small kerosene business. You make money each other day daily. And another advantage is that you make a fortune if the kerosene is unavailable or of scarcity in the oil station and if you sell as a kerosene main distributor. By God’s grace, I may explain more about kerosene business.
For cyber café business, it is far more lucrative daily whether there is recession or not than the small kerosene business. But it is a disadvantage because some of the tools in this business can eat your good turnover away. How? In our country, there is a generator that can eat your profit away if the light provided by the public is irregular or epileptic each day or no light at all.
There is another system that can be hurtful if you do not add anti-virus, high bandwidth, enough BM. And it can make you lose profits or make your customers lose to another one if the internet speed server is found poor and or if the network is often found poor service. I experience it. I worked with my uncle as a supervisor. I and my staffers made #3,000, #5,000, #10,000 and even #15,000 daily in different sources of cyber café tools-internet service, photocopy, lamination, scanning, etc for our boss when the network was well-served.
But when there was a problem in the internet service provided by the intern operator and in the generator, we made #300; #500; #1000 for him within a week.His business almost collapsed because of its often problems we experienced.If you know more about cyber café business you want to advantage,I recommend you to check this article at the right side from lists where I post there. Therefore,you need to challenge if you want to advantage the cyber café business over the kerosene business or both if you want to make more turnover daily.
It is good. It is good to be beside between the two businesses in the same place. And it keeps your business well. Don’t think about financial situation you want to start. Just precede it with faith.
Thank you for reading this article. I hope you enjoy this article? Any comment? Drop here in this comment. Thank you for your regular reading this article. Please stay tune with me for more information on business turnover next week Sunday.
Sunday, 29 April 2012
Sunday, 22 April 2012
ONE REASON WHY A RETAILING BUSINESS IS NOT A GOLDMINE
GodmineDistrBiz Readers, you are welcome to this New Year Resolution and best wishes in 2012 though a new year has been passed. I hope you enjoy Xmas and New Year? Thank God for that. But you may need to consider how you will go to make resolutions in this year. Maybe you need to review what you made mistakes in 2011 before going into a new year. You need to improve your business success in this New Year by learning how you can become a successful business distributor or business owner and make a success in business. May God help you in this year.
Though, I would like to share with you through this article. Past time in a year, 2011, I came across a question searched by one of my goldminedistrbiz readers under blog-stat alert. The question they asked is: Is a goldmine retailing business? As this, I went out shopping around the market outside and inside my community as a study and later I found out that this retailing business is not really a goldmine and it is not spinning-money.
Why? Because I saw that one food-retailer sold three different types of raw foods in six (6) such rice, brown beans, white beans, in high- human traffic at Araromi market, Nigeria, and it is in high demand because of people’ s stomach. An old proverb said, ‘A hungry man is an angry man’. And she knows it. Yet she was not well-patronized daily like a food distribution business. She sat there still hoping some of customers to come and buy from her while she slept unhappily, sadly, lonely and little worriedly for 15 hours a day daily.
I often saw her when I passed by her. I knew it because consumed buyers refused or did not want to buy something (in bulk) from small retailing businessmen because they know they enjoy profits from this business and or they know they sell at premium. That is why they refuse to seek premium by buying. They seek cheap by going out there to buy in bulk where they sell cheap through distribution selling business. That is why the retail business is not really goldmine especial big-retail businesses like Wal-mart, Foodco, Big Treat Plc, etc. Domestic consumed buyers like everything in a shop no matter what price is because it attracts their eyes.
I would to like to borrow a beautiful quote from a small businesswoman where she was interviewed about how successful she was in the SDE newspaper to put this article. Read this from Mrs Julius Arinze:
“Another one, although personal, is capital. If you have capital and you’re doing business you know, you will progress and things would move well for you; when they ask of this you have it, when they ask of that you have it. When you buy things in large quantities that one alone brings customers, because you don’t need to call people to come and buy what they don’t want to buy. When they look at your shop and they find out you have every thing you’ll be making it, even if you are selling things costly, they don’t mind since their beliefs and mentality is that once they see that this shop is filled up, they would think this person would be selling cheap, that one would give you more customers and you would be progressing in your business”.
You see, dear goldminedistrbiz readers. It is important that you need everything in your shop if you want to enjoy patronage daily for life even you are a small retailing-business owner. Why? Because as a test, I went out at another market, Apata road, Nigeria again where food-distribution businesswoman who sold raw foods at little retailing price. When I saw, I found that she was more patronized daily for 15 hours a day unstoppingly than other food competitors in the same market because she have everything in loads of packages as a major distributor instead of a retailer. She has then four (4) or more branches in different cities. She has many female employees including other load-carrying employees for her and his husband. They are so wealthy.
That is why distribution business is preferred to retail business. Though, I do not mean that you should yield or give up retailing business for distribution business. Do not try to be a distributor if you know you do not have a load of money to or if you know you are not sure you can’t settle debt on time you borrow for business.
You can start as a small retailer because it is good and it can make you good profit daily on average days, but make sure you have everything in your shop so that they think you sell cheap. And if you want to enjoy a goldmine from a retailing business daily, make sure you keep costs down. Customers like rather cheap or affordable prices than premium ones. You must go directly to a real major distributor and buy them in small bulk or parts fully.
I hope you enjoy this article? Any question? You are welcome to drop this comment box. Thank for remaining with this blog.
Though, I would like to share with you through this article. Past time in a year, 2011, I came across a question searched by one of my goldminedistrbiz readers under blog-stat alert. The question they asked is: Is a goldmine retailing business? As this, I went out shopping around the market outside and inside my community as a study and later I found out that this retailing business is not really a goldmine and it is not spinning-money.
Why? Because I saw that one food-retailer sold three different types of raw foods in six (6) such rice, brown beans, white beans, in high- human traffic at Araromi market, Nigeria, and it is in high demand because of people’ s stomach. An old proverb said, ‘A hungry man is an angry man’. And she knows it. Yet she was not well-patronized daily like a food distribution business. She sat there still hoping some of customers to come and buy from her while she slept unhappily, sadly, lonely and little worriedly for 15 hours a day daily.
I often saw her when I passed by her. I knew it because consumed buyers refused or did not want to buy something (in bulk) from small retailing businessmen because they know they enjoy profits from this business and or they know they sell at premium. That is why they refuse to seek premium by buying. They seek cheap by going out there to buy in bulk where they sell cheap through distribution selling business. That is why the retail business is not really goldmine especial big-retail businesses like Wal-mart, Foodco, Big Treat Plc, etc. Domestic consumed buyers like everything in a shop no matter what price is because it attracts their eyes.
I would to like to borrow a beautiful quote from a small businesswoman where she was interviewed about how successful she was in the SDE newspaper to put this article. Read this from Mrs Julius Arinze:
“Another one, although personal, is capital. If you have capital and you’re doing business you know, you will progress and things would move well for you; when they ask of this you have it, when they ask of that you have it. When you buy things in large quantities that one alone brings customers, because you don’t need to call people to come and buy what they don’t want to buy. When they look at your shop and they find out you have every thing you’ll be making it, even if you are selling things costly, they don’t mind since their beliefs and mentality is that once they see that this shop is filled up, they would think this person would be selling cheap, that one would give you more customers and you would be progressing in your business”.
You see, dear goldminedistrbiz readers. It is important that you need everything in your shop if you want to enjoy patronage daily for life even you are a small retailing-business owner. Why? Because as a test, I went out at another market, Apata road, Nigeria again where food-distribution businesswoman who sold raw foods at little retailing price. When I saw, I found that she was more patronized daily for 15 hours a day unstoppingly than other food competitors in the same market because she have everything in loads of packages as a major distributor instead of a retailer. She has then four (4) or more branches in different cities. She has many female employees including other load-carrying employees for her and his husband. They are so wealthy.
That is why distribution business is preferred to retail business. Though, I do not mean that you should yield or give up retailing business for distribution business. Do not try to be a distributor if you know you do not have a load of money to or if you know you are not sure you can’t settle debt on time you borrow for business.
You can start as a small retailer because it is good and it can make you good profit daily on average days, but make sure you have everything in your shop so that they think you sell cheap. And if you want to enjoy a goldmine from a retailing business daily, make sure you keep costs down. Customers like rather cheap or affordable prices than premium ones. You must go directly to a real major distributor and buy them in small bulk or parts fully.
I hope you enjoy this article? Any question? You are welcome to drop this comment box. Thank for remaining with this blog.
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