In today’s article, we will be guiding you on how you can start a wallpaper business in Nigeria. Everything you need to know from the capital needed to start the business, how profitable the business is and how to make profits from the business. So read the article to the end.
Wallpapers are one of the necessary materials interior design businesses use to design apartments – making them look beautiful and aesthetic. The reason why many people love wallpapers is the fact that they give apartments beautiful colours and they are very easy to install.
Asides from this, they last longer on wall than paints. With wallpapers now available, you do not need to paint the interior of your house before it looks beautiful.
Is Wallpaper Business Profitable?
Wallpaper is a lucrative business because it is highly used by real estate companies to design houses. Many developers prefer wallpapers to painting because of the rare designs and patterns they possess. Wallpapers have different patterns from rocks, tiles, nature and more. So customers can choose their variety based on what they love to see all the time.
If you go into the sales and installation of wallpapers today you will make good profits. You will be able to sell and install for individuals, organizations and real estate companies.
Capital Needed to Start Wallpaper Business
The cost of starting a wallpaper business in Nigeria is relative. However, you will need money to put everything in order before you can start the business fully. You will need money to rent a shop, buy installation equipment, and to buy your wallpapers.
To start your wallpaper business in Nigeria, you will need a capital of #500,000 – #1,000,000. When there is provision for a shop already a capital #500,000 will be enough as this will be used to buy only the equipment and wallpapers.
How to Start Wallpaper Business in Nigeria
Below are the steps you can take to start a wallpaper business in Nigeria.
1. Conduct a Market Survey
If you are really serious about starting a wallpaper business in your area you need to conduct a market survey. Market research informs you about many things you need to know wallpaper business that you do not know.
For example; conducting a market survey will let you know if the business you are planning to start in your area will be lucrative or not. Questions like how many people can afford to buy and install wallpapers in their homes, how much do people in your area earn, is the designated area developed or it is a developing area?
All these and other relative questions will be asked when conducting a market survey for the business
2. Write a Business Plan
Simply said a business plan is a guide or book that teaches you how to plan for your business. On the blog, we have explained why you need a business plan before starting a business. Due to this, we have written a step-by-step guide on how to write a business plan in Nigeria.
A business plan is very important especially if you are planning to run your business for a long period of time or you are investing a lot of capital into the business. You should write a business plan before proceeding to the next stage.
If you cannot or you do have the time for this, you can reach out to us to write for you at a stipulated price. Please only reach out to us if you are really ready.
3. Get your Required Capital
A maximum capital is needed if you really want to provide money for everything needed to start the business. You need to get this capital fast. If you do not have it, there are sources you can reach out to that will help out. Some of these sources are family and friends.
There are other sources aside from these people. We have written an article on how to get funding for your business in Nigeria. You should read the article for a detailed guide on this.
4. Register your Business Name
The registration of your business is important. It makes your business a legal entity. In Nigeria, the body responsible for business name registration is the Corporate Affairs Commission (CAC). The money needed to register your business is not much.
We have written a step-by-step article on how to register your business name in Nigeria. You should follow this guide if you want to do your business name registration by yourself. But if you need a help we can also register your business name.
5. Rent a shop
There are many things to consider when renting a shop for your wallpaper business. You need to make sure that your shop is close to a location that thousands of people pass every day. This is to make sure you are easily seen by the customers that are interested in buying your goods.
After renting your shop you need to furnish it and make it look attractive. The name of your business should be on the shop as a sign board.
6. Buy your Wallpapers
To buy your wallpapers in bulk you need to buy them from the market. There are few markets in Nigeria where you can buy your wallpapers depending on your location. However, the most popular market is the Eko market.
There are different grades of wallpapers. It is important that you are able to differentiate them from each other. You should seek advice from the sellers as regards this aspect.
When you are buying your wallpapers at wholesale prices you will be given enough discounts. After the wallpapers have been bought, you can transport them to your shop for display. For proper display you need to install shelves. This will make you to be able to arrange them in an orderly manner for easy viewing.
7. Making Profits from your Business
There are many ways that you can make profits selling wallpapers in Nigeria. Here is a few.
1. You can make profit by selling your wallpapers to real estate developers. All you need is to send proposals to the real estate companies around you informing them about the business you do and the offer available to them.
2. You can sell to interior designers. Asides from real estate developers, there are interior designers that use wallpapers to beautify homes. You can sell your wallpapers to them.
3. Sell your products to individuals. There are families that want to give their homes a new look. You can sell and install wallpapers for them too.
4. You can also make money by selling your wallpapers online. To do this, you need to promote your products using social media.
Wallpaper business is a lucrative business. You can make a good amount of money selling and installing wallpapers for your clients. The best way you can keep your customers coming back is to sell quality wallpapers.