Understanding business and following the footsteps of the successful business guru’s one will be fascinated to realize that all these gurus have one thing in common- they are always there to satisfy the desire of others and doing so they constantly rake money into their pockets.
Understanding Nigeria as a country one will prove me right in the high demand and desires of all Nigerians for plastic products, being less expensive, with less work done and its beneficial life improvement. Plastic products are a daily use product and among the products that Nigerian manufactures/producers are yet to reach or provide half supply to the demand thus the reason why we still import most of them.
One of these plastic products is that of drinking straw. It’s a tube-like light plastic product used mainly in the consumption of beverages and most generally liquid foods either for transferring liquids from one point to another or from the container to the mouth of the drinker. With 6.5 million individuals having 40% of children and rest adults that use and are bound to patronize this product, drinking straw is a product that is in constant demand that Nigerians producer are yet to cover the market neither reach 20% of the demand thus the importation of straw from other countries like China and India.
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The lucrativeness of this business is that above measurement as it’s a product that has only one time application/usage- that is drinking straw is a product that is used once, no one uses a particular straw twice neither do two individuals share a straw thus it’s a USE AND DEMAND PRODUCT (UDP) making demand high.
Okay! I believe you’ve got it for am not here to neither lecture nor disturb you with this bulky details rather am here rather for you to understand and profit from this business so please read on.
As though this high demand, yet investment in this business is low but with high-profit margins? This is a result of default, inadequate or no proper updated information on this business. For my research shows that unlike most business it’s not capital intensive, not religion or career-related for an average individual, co-operate bodies or companies can start up this business earn handsomely. Nigeria being an oil blessed nation, raw material (polypropylene) is easily available and sourced locally. Production involves just a few steps using masterbatch after melting, extrusion, shaping, cooling, pulling to produce drinking straw of one’s choice, color, and length.
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Also with a production capacity of 35,000 – 45,000 pieces per hour of straws with a diameter ranging from 1mm – 14mm and lengths of 3mm – 1000mm, one can from this easily recognize the profit margin of this proposed business. Consumption/usage of drinking straw is high and still grows exponentially with the population growth.
Straw production business is one that has a high return on investment within a short period of time. Guided with multiple types of research we will be providing you with all information in an eBook format about this proposed business, you will be equipped with the entire do and do not of this business.
REMEMBER wisdom is the rightful application of knowledge to acquire desired results, apply the information now and contact us to get all you need to start up this business and achieve your result of financial security and wealth; you could be the best and highest manufacturer in Nigeria and beyond.
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