Are you thinking of starting a chin chin business in Nigeria? Do you want to know what it takes to start the business? How much capital is needed to start a chin chin business in Nigeria? Read this article to the end.
In this article, I am going to teach you everything you need to know about starting a chin chin business in Nigeria. Chin chin asides plantain chips and puff puff is one of the most consumed and eaten snacks in Nigeria but many people do not know this especially those that are not snacks lovers.
Many Nigerians eat chin chin and they love chin chin. Chin chin is eaten in traffic, at home, at parties, at work, anywhere as long as it is made well. It can also last well for 2 – 3 months from production date. This means that the average chin chin can last up to 3 months on the shelf.
Is Chin Chin Business Profitable?
Chin chin is one of the snacks that is very profitable in Nigeria because it has low cost of production meaning it does not cost too much to produce it. It is also profitable because it yields profits fast than other snacks business.
Another reason why it is profitable is that it does not require too many ingredients to make. With vegetable oil, flour, eggs, and sugar, you can make a good tasty chin chin that is acceptable to your customers.
Chin chin business is also lucrative because you can sell your chin chin to supermarkets, stores, malls, and provision malls.
Capital Needed to Start Chin Chin Business
The capital needed to start a chin chin business in Nigeria really depends on so many other factors. It is just like starting a plantain chips business in Nigeria or a puff puff business in Nigeria. You can use a small capital to start a chin chin business in Nigeria and you can you a large capital.
This means you can start a small-scale chin chin business in Nigeria or a large scale chin chin business in Nigeria depending on the capital you have at hand. But if you really want to know, you will need at least a capital of #500,000 to start a small scale chin chin business and you will need a capital of #2,000,000 to start a large scale chin chin business in Nigeria.
However, if you do not have up to either of these capital you can start your chin chin business with whatever capital you have (starting from home) and has time goes by grow the business by investing your profits into it.
Ingredients Needed for Chin Chin Business
Below are the baking ingredients needed to start a chin chin business in Nigeria.
9. Baking powder
The baking ingredients can be bought at regular prices or at inflated prices. It depends on where you are buying them. Make sure you do your proper findings before you start buying your baking ingredients for your chin chin business.
How to Start Chin chin Business in Nigeria
How to start a chin chin business in Nigeria. The step-by-step guide.
1. Learn Chin chin Making for Sale
When it comes to starting a snack business in Nigeria the first step is to learn how to make the snacks – in this case, chin chin business. It is very important for you to learn how to make chin chin. The only time you do not need to learn how to make chin chin is if you are willing to employ someone who is a professional that can be making the chin chin for you in your house or in your factory.
So how do you learn how commercial chin chin or chin chin meant for large production? Well, there are different ways you can learn how to make chin chin. You can learn from a local confectionery near you or from a professional chin chin maker or online preferably on YouTube by watching some how-to videos.
After learning, you should fry some of these chin chin at home and give them to family and friends to taste.
2. Write your Business Plan
After learning how to make chin chin the next step will be to write a chin chin business plan for your chin chin business. You can write this yourself if you have some experience with writing business plans but if you do not have first-hand experience you can simply check online for some business plan templates to guide you.
Do not forget that your chin chin business plan needs to contain major how much you will need as capital to start the chin chin business and what are the necessary things you need to buy or do to kick start the chin chin business like a factory, chin chin labels and more.
Chin chin business plan is very important especially if you want to go into chin chin business on a large scale level. It projects you from unnecessary losses from the business and it makes your chin chin business grow faster than you can imagine.
3. Get Required Capital for Business
In a snack business like this, you need capital to start your chin chin business even if the capital needed is just to buy the baking ingredients needed to start the snacks business. So get the capital and buy the equipment and ingredients for your chin chin business.
If you already have the major equipment for the chin chin business you can just get capital to buy the ingredients. However, if you do not have the equipment needed you will need capital to buy both the ingredients and the equipment.
If you are going large-scale like building a chin chin factory in Lagos or anywhere else in Nigeria it will surely cost you more. Read our guide on how to get funding for your startup in Nigeria.
4. Buy your Ingredients and Equipment
It is always good to take your time and do your findings before proceeding to buy your ingredients and equipment at the foodstuff and electronic market around you. Find out where you can buy these equipment or ingredients at discounts or cheaper prices.
It is always preferable you buy ingredients wholesale. This is just to make sure you make a good amount of profits from your chin chin business. There are other things you need to put into consideration into your chin chin business like the expenses of the chin chin packaging.
How much it will cost you to package your chin into beautiful and attractive nylons or wrappers. As for the samples of these packaging (chin chin label samples) you can check the internet for them for more inspiration.
5. Write Chin chin Business Proposal
After buying the cooking equipment and baking ingredients that is needed for your chin chin business, the next step for you will be for you to start writing chin chin business proposal to the shopping malls, supermarkets, and groceries stores around you.
This chin chin business proposal is to introduce your chin chin business to every business owner around you for easy patronage. After writing and sending this chin chin business proposal to supermarket owners and others, you can now fry, package and send chin chin samples to the prospects.
If a chin chin business proposal does not convince all the prospects a taste of your chin chin will likely do. So don’t be afraid just produce some of your chin chin and deliver them. Tell them it is just for tasting. Read our article on how to write a business proposal in Nigeria.
6. Start Producing and Selling Chin Chin
At this point, you need to start producing and selling your chin chin in small quantities and large quantities. Do not forget to sell your chin chin to family and friends and to sell to those that will buy in large quantities.
If you are just starting, I mean the first production it is not a must you produce too much chin chin. Produce the chin chin you know you can be able to sell in in short while and as time goes by you can increase production.
7. Profits in Chin chin Business
There are different ways you can increase sales which will in turn increase profits in your chin chin business. The first step to this is to try as much as possible to sell to people you know whether in small quantities or large quantities.
This is because your family and friends will always buy from you to encourage your business when it is just starting from the ground-up. The second step to increase profits in your chin chin business is to sell your chin chin to Nigerians that can sell it in traffic.
Like one of my friends will always say, the first step to introduce any food to Nigerians is in traffic. He is not wrong because people can know about your brand of chin chin within 3 months of it been sold in traffic. The third step is to sell your chin chin to provision stores, supermarkets and more.
Chin chin business is a lucrative snack business in Nigeria because chin chin is widely consumed by Nigerians. And you can make profits from the snacks business if you are able to pay attention to the loopholes in the snacks market and fill it up.