Have you considered what goods and products you could sell to make money? Have you examined your surroundings to determine what people require and attempted to supply the goods and services they require? Read How to Start a Drinks Supply, Distribution, and Marketing Business in Nigeria for more information.
There are many goods and products that can be supplied to start a business, and one of these products is drinks that can be supplied to make money.
So, if you’ve been looking for a business that will provide you with a steady stream of income, you can start a business supplying drinks to individuals and organizations for a variety of purposes.
What this Business Requires
The business entails purchasing drinks at wholesale prices from producers, depots, distributors, and major sellers of the product and reselling them to customers at a profit.
The business requires you to have some money on hand, especially if you intend to supply a large number of people, including private individuals, organizations, and events.
If you don’t have that much money, you can start small by supplying people in your neighborhood or around your area, such as retailers, who will then sell to the final consumer.
Reasons this business is good for you
High Demand for Drinks
People drink a lot which makes the demand for any type of drink high. We see drinks every where as people consume it a lot. It is taken to “cool off” especially when it is cold and people are relaxing, it is taken when people want to eat and do not necessary want to have water. Generally people take drinks a lot which makes the business a good one to start.
Also with drinks it is open to every one as there are drinks for children and adults depending on what they will like to take.
There are a lot of events and ceremonies
A lot of events take place on a daily basis. For example in Nigeria, people are fun loving and like to celebrate a lot and like marking a milestone achieved.
For this reason we have a lot of events taking place in a lot places around the country on a regular basis. We see events like birthday parties, wedding ceremonies, naming ceremonies, anniversaries, graduation parties, engagement parties and lots more where people celebrate a lot.
At such events people have a lot of drinks, which is a major item at such events. In fact there are people that will always say an event or party without having any form of drink at all is definitely not complete.
Also apart from private individuals having their own parties and events the business world is not left out as they also have events they organize.
We see companies and organizations hold various events like seminars, forums, launching and lots more. We there fore see a lot of different type of drinks served at these events making the product to be high in demand.
Variety of Drinks to Supply
Another good thing of this business is that there are a variety of drinks you can supply as there are a lot of choices and options available when you want to start the business.
You can choose to supply soft drinks or minerals, alcoholic or non alcoholic drinks, wine, fruit drinks, juices and lots more.
You can also decide to supply all types of drinks if you feel you can cope and manage the business well as this will help you increase your customer base as well as the money you will make.
Key Requirement to Start this Business
Learn the Business
The business may sound easy for you to start or do but to avoid entering any problem it will be better you take time out to properly learn the business.
You will need to learn where to buy the drinks or if possible to find out if you can be supplied by the various depots for little or no fee at all.
You can also learn the fast moving products in the market and what people demand more for and the quantities you can buy to make good money.
You can get some one who has been in the business to show you the way around the business as well as the things you will need to avoid.
How to do this Business
Before starting, you will map out your strategy of how you want to run the business including the people and market you want to serve.
Will you cater to people around your neighborhood and sell to retailers who in turn sell to people to consume or will you focus on supplying drinks to people and organizations that have intentions of hosting various events.
The profitability of drink distribution business depend on the customers you will get to supply the drinks.
All you need is to make sure you contact customers that will need the products such as drinking parlor, restaurants, sit outs, event centers and more.
After building your customer list, you can go ahead to place your order with the supply companies.
As the business grows, you will need to employ people that will assist you in supply the drinks especially when you a lot of customers and events to supply.
Ensure they have some level of experience and are hard working and if they have no experience, they should be willing to learn on the job. They should be neat and presentable with good customer service skills.
When supplying the drinks you will need a vehicle to transport them. If you do not have enough money to buy a vehicle you can hire a vehicle to help you carry the drinks to their location until you are able to buy your own vehicle.
Before starting the business, make sure you do a feasibility study, register the business and fulfill on requirements needed by the authorities.
You can advertise the business buy networking with people around you at meetings and events among other places and tell them about your business.
Create business cards to give to people and you can also promote your business online.
This could be a good business to start! What do you think?