HOW TO GROW KEROSENE BUSINESS FAST

I remember last time I posted the preview article on ‘Discover which is more lucrative, kerosenebusiness and Cyber Café business’ in this blog. This is long time. So if you do not read it before, please notice itfor more information by clicking this to read which business it is more profitable.

First of all, let’s make a case study what a Nigerian woman shared her testimony in the SUNnewspaper I read a long ago. This woman, Olufunmilayo Olaupo, who graduated as Chemistry started the kerosene retail business with 500 litres because she still did not find a good job she looked for. She wanted to start 5,000 litres of kerosene in her business.

But as for her financial limits, she decided to start to buy her first consignment (5000 litres) as her sisters assisted her by making additional cash. Her cousin who worked at NNPC, Ejibo depot introduced her to the kerosene business because he learned that she did not find a job she looked for. With his financial assistance, she was able to get a surface tanker for her business.

From there, she was able to gradually grow from 5000 litres to 10,000 litres selling profitably in the riotous and tough neighborhood at Mile 12, Lagos, Nigeria and from 10,000 litres to 33,000 litres on a regular basis. With this, she felt so comfortable because the profit margin was so good and she said she did not need a paid job. 

Even if she was offered a best paid job, she would not give up her kerosene business because of good turnover daily.

With this, she had an opportunity to move to put another 10,000 litres surface tanker in another location as a branch. Her husband who still did not find a job after graduating was also encouraged to join her business. It is a good example you should apply.

How To Become A Major Kerosene Depot Distributor.

According to Damilola Ibironke I read in the Success Digest Extra newspaper last time, kerosene storage and sales business is one of the easiest and cheapest oil and gas business any person whether male or female, the deaf or hearers, can invest in. Remember this is my paraphrase. Kerosene business is a very lucrative business, but it is as well very volatile. 

So you have to constantly watch the market. Some people can make money from N30 or N40 on a litre of kerosene. Sometimes, when you get kerosene from the depot at N130, you sell it at a retail of about N200 or N250. If there is no scarcity, you can make money between N10 and N35 per litre on kerosene daily. Therefore, kerosene is highly lucrative if done properly.

The following steps I should like to offer how you can grow your kerosene business quickly are as here:

Step1: Start with whatever you have.

Step2:If you don’t have money enough to buy a surface tanker drums, buy plastic kegs. But the trick to grow your kerosene business fast is to start with a few plastic kegs, to see how well your patronage is before you buy either a drum or a surface tanker for the purpose of more litres of kerosene.

Step3:Buy funnels, jerry-cans, hose, etc.

Step4:Look to choose where there is dense population in good-home environment, to set up a business there in front of passserbys on the road or in the street.

Step5: Go get cheap kerosene from NUPENG at Mushim, Lagos-Ibadan express if you are in Nigeria. Or ask people where where you can get cheap kerosene.

Step6: Tell them how many litres you want to buy. I offer you to start 500 or 1000 litres, but you decide what litres you want to.

Step7:Then sell people at affordable price. Don’t sell at hiking price if you want fast profit margin daily, or if you want your business to grow fast daily.

Step 8:Remember about a jerry-can you should measure carefully because the measurement of jerry-can is not right even you look it is right. For example, the 20 litre jerry can be actually about 25 litres when you fill to the brim and the 10 litre jerry can be actually 12.5 litre. 

So you have been so careful about the jerry can. It can be applied same to all sizes. Remember about the transport cost of kerosene for your destination you need to add a charge on each litre you sell so that you can avoid losing your profit. 

Step 9:Replace daily what you sell till your business grows strongly. Remember only record each time you sell and buy because it will help you to compare what you spend and sell. If your profit you sell is higher than what you spend, it show it is good, but if your profit you sell is less than what you spend, it shows how poor you control or you may mistake. 

With sale record transaction daily, your kerosene business will grow fast. It will help you to monitor between the profit margin and lose in your balance.  

Any comment or add, you are welcome to this comment box below.

   

DISCOVER WHICH IS MORE LUCRATIVE, KEROSINE BUSINESS AND CYBER CAFÉ BUSINESS

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.