Bitter kola export business, Bitter kola export buyers, Bitter kola export to europe, how to export bitter kola from nigeria, bitter kola nut exportation
In pure botanic terms, the Bitter kola is alternatively called the 'Garcinia kola'. Notably, it is a flowering plant species which belongs to the family of the 'Guttifferae' also known as the 'Clusiaceae'. When you travel to countries like Benin Republic, Ivory Coast, Cameroon, Gabon, Democratic Republic of the Congo, Ghana, Sierra Leone and even Nigeria, you will surely find the bitter Kola plants in abundant quantities. Mainly, it grows very well in the moist tropical lowland forests or the subtropical areas which are its major natural habitats.
All over the African continent throughout the past years and even presently, Nigeria is a major producer and exporter of this agricultural commodity. It boasts of harvesting over 150,000 tons of the produce 10% of which is exported to the international markets while the remaining 90% are mainly consumed domestically by the citizens and inhabitants. Among the Yorubas, Biter Kola is known as 'Orogbo'. In the Hausa tribe, they call it 'Namijin-goro' in their local dialect while in the acephalous Igboland, it is popularly known as 'Akuilu'.
All across the habitable continents and the entire globe at large, the Bitter is widely demanded and consumed in large quantities. Many countries like the United States of America (USA), the Great Britain, Italy, India, France, Japan, Germany, China and many other locations in the Asian continent have vast needs for bitter kolas. If they do not use it as a food item, they will utilize it as a raw material input in the manufacturing of drugs, medicines and other pharmaceutical products. As a result of the immense health benefits, medical components, healing properties and massive body nutrients which it contains, this commodity is really a widely demanded and fast selling product in the international business arena. Some of the benefits of the Bitter Kola that makes it a highly sought commodity includes the following:
(1). It is used in making soft drinks.
(2). It is used in the making of herbal drugs, food supplements and body nourishment products.
(3). Bitter Kola is when consumed in its raw form provides an effective treatment of health problems like diarrhea, cough, tuberculosis and many other bacterial infections and diseases.
(4). It helps in reducing eye pressure to a significant level when people eat 2 or 3 seed of it everyday.
(5). Beer brewing companies use Bitter Kola as a very good alternative for the 'hops' substances which is used as a preservative in drinks.
(6). And many more benefits too numerous to mention here. A further comprehensive research will help you to know more about this agricultural produce.
Bitter kola has a massive potential to make you a lot of money in the export arena. The prices at which they are sold in the domestic markets are relatively low. Thus, they can be easily sourced without too much stress and hassles. Mainly, it is produced in most Easter parts of Nigeria and even in all the national regions at large. That is why there are a lot of producers and suppliers of the commodity.
When you go to the Alibaba e-commerce portal on www.alibaba.com, you will find over 360 Nigerian merchants who sell Bitter Kolas. You can simply collect these items from rural and remote areas of the country at very cheap prices from the suppliers, process them, package and export them for big cash. The operation is very simple to carry out. You do not need to invest a lot of money into the business and also, it will make the government to notice and support you because it is all about promoting what the country can do. You can decide to do this business either on a part time or on a full time basis and still make a lot of money from it, have a lot of time for your family, other business and daily life activities.
If you are a starter in this business then, I will not advise you to make heavy investments initially into this business even of you have millions and billions of money for it. Though you will still need a good capital to export your commodities in metric tonnes, there are smart beginner options. I will first advise you to start this business by procuring bitter kolas in trial quantities ranging from 50 kilograms to 200 kilograms. Once the market moves and you start making customers then, increase your exportation scale and make bigger profits.
As regards to the profitability aspect of this business, the current export price of Bitter Kola on the FOB as at the time of writing this post falls between $15 and $20 for each kilogram.
However, the domestic price at which it is sold in the local market is between N200 and N300 per kilogram. per kg. The profitability implication from the simple market price analysis above is that you can easily buy these items for as low as $1.5 per kg within the country and export them to the international markets for as minimum of $17 per kg. This clearly assures you an estimated gross profit margin of $15.5 for each bitter kola kilogram sold in the foreign markets. Let us assume an investor sources and successfully exports his 100 kilograms of bitter kola going with the pricing specifications above, he will instantly make a total of $1,550 in profits which is an equivalent of over N250,000. Now tell me, is this business not like building a secret ATM machine inside your bedroom? That is a mega profit business for goodness sake!
And here is the transportation, haulage and logistics plan for the business. If you want to export smaller quantities of bitter kola like 50 kilograms or even 200 kilograms then, it is advisable for you to engage the services of notable courier companies and outfits for that purpose since you do not need to load such little quantities inside carriage containers.
Some of them includes the UPS, DHL, IFEX, EMS, and many others. Over the years, the courier service system has proven itself to be the quickest and effective means of exporting commodities like bitter kola outside the country at cost effective rates with the security and safety of your good assured. The DHL courier service is a very reliable one to choose but it is more expensive than the others obviously because of the high quality of the services that they render. So I will advice exporters to know their preferences as to transport costs, efficiency, safety and right delivery before making a choice of which courier service to use for the exportation of their commodities. Bitter kolas remain durable for many years and they hardly perish though it can loose its moisture contents when stored for many years.
On a small scale basis, you can start this business with as little as N100,000 and it will be enough to fund all your business operations when you plan well and expend it judiciously and prudently raise this capital by ploughing back your past savings, soliciting money from your family members and friends, getting financial assistance from the SMEDAN, applying for loans from Microfinance and agricultural development banks, taking loans and grants from instituted government sponsored authorities and programmes like the YouWIN and getting funds from many other feasible channels. A starter who is determined to start this business can even raise enough money from the reasonable sale of some of his valuable properties, belongings and assets like land, jewellery items and other valuables.
As soon as you have your products ready for export, you need to connect with your potential buyers so as to strike a deal with them, sell off your products after receiving their payments, make your shipping operations for safe product delivery and enjoy your money. The best way of finding buyers without travelling to foreign lands is through online e-commerce and business portals like www.alibaba.com, www.aliexpress.com, www.smartbizlead.com and many others. On such business portals, many merchants, importers, exporters, suppliers, producers and business tycoons from all over the world come together to trade and transact with each other. Be careful not to be defrauded by fake buyers. So take safety trading precautions and review each buyer very well before you start dealing or bargaining with him or her.
As soon as you register on these trading websites and update your profile with the required information, place your products for sale by giving a clear description, details and specification for it. Also, upload pictures and samples of your products on your sales pages. Add your contact information, address, email and phone numbers so that interested buyers can easily reach you for business deals. Also, you can write brief but comprehensive business proposals containing your product descriptions, pictures, pricing, quantity, quality, discounts available (if any) and other trade specification, shipping arrangements, terms and conditions. Send them to your potential and interested buyers and you may have a transaction to do with them sooner or later. Also, you can promote your business on many other online business forums and connect with more buyers. As they come, sell off your products at attractive profit margins and make a lot of money.
Get more information about this business from a seasoned exporter in the field and learn a lot of tips on how to succeed and profit so much doing this bitter kola export business in Nigeria. I can also assist you with more information. Just send me your views and questions using the comments below and I will give you a prompt and helpful response.
For more business ideas and guides, read other numerous articles on this blog for free. Always check out this blog everyday for more profitable ways of starting a business and making a lot of money for yourself. Time and tide waits for no man. Take advantage of this platform, get a good knowledge of business and utilize them in your daily lives for maximum yields, profits and returns on your investments. Cheers!
TAGS: training manual for Bitter kola export opportunities, exporting bitter kola to china, how to get bitter kola exporters, Bitter kola export from nigeria, Bitter kola export business in nigeria, bitter kola for export, how to package bitter kola for export, Bitter kola export in nigeria, export of bitter kola in nigeria, www.export-bitter-kola
In pure botanic terms, the Bitter kola is alternatively called the 'Garcinia kola'. Notably, it is a flowering plant species which belongs to the family of the 'Guttifferae' also known as the 'Clusiaceae'. When you travel to countries like Benin Republic, Ivory Coast, Cameroon, Gabon, Democratic Republic of the Congo, Ghana, Sierra Leone and even Nigeria, you will surely find the bitter Kola plants in abundant quantities. Mainly, it grows very well in the moist tropical lowland forests or the subtropical areas which are its major natural habitats.
All over the African continent throughout the past years and even presently, Nigeria is a major producer and exporter of this agricultural commodity. It boasts of harvesting over 150,000 tons of the produce 10% of which is exported to the international markets while the remaining 90% are mainly consumed domestically by the citizens and inhabitants. Among the Yorubas, Biter Kola is known as 'Orogbo'. In the Hausa tribe, they call it 'Namijin-goro' in their local dialect while in the acephalous Igboland, it is popularly known as 'Akuilu'.
[Post Image Courtesy of Rakratchada Torsap at FreeDigitalPhotos.net]
All across the habitable continents and the entire globe at large, the Bitter is widely demanded and consumed in large quantities. Many countries like the United States of America (USA), the Great Britain, Italy, India, France, Japan, Germany, China and many other locations in the Asian continent have vast needs for bitter kolas. If they do not use it as a food item, they will utilize it as a raw material input in the manufacturing of drugs, medicines and other pharmaceutical products. As a result of the immense health benefits, medical components, healing properties and massive body nutrients which it contains, this commodity is really a widely demanded and fast selling product in the international business arena. Some of the benefits of the Bitter Kola that makes it a highly sought commodity includes the following:
(1). It is used in making soft drinks.
(2). It is used in the making of herbal drugs, food supplements and body nourishment products.
(3). Bitter Kola is when consumed in its raw form provides an effective treatment of health problems like diarrhea, cough, tuberculosis and many other bacterial infections and diseases.
(4). It helps in reducing eye pressure to a significant level when people eat 2 or 3 seed of it everyday.
(5). Beer brewing companies use Bitter Kola as a very good alternative for the 'hops' substances which is used as a preservative in drinks.
(6). And many more benefits too numerous to mention here. A further comprehensive research will help you to know more about this agricultural produce.
Bitter kola has a massive potential to make you a lot of money in the export arena. The prices at which they are sold in the domestic markets are relatively low. Thus, they can be easily sourced without too much stress and hassles. Mainly, it is produced in most Easter parts of Nigeria and even in all the national regions at large. That is why there are a lot of producers and suppliers of the commodity.
When you go to the Alibaba e-commerce portal on www.alibaba.com, you will find over 360 Nigerian merchants who sell Bitter Kolas. You can simply collect these items from rural and remote areas of the country at very cheap prices from the suppliers, process them, package and export them for big cash. The operation is very simple to carry out. You do not need to invest a lot of money into the business and also, it will make the government to notice and support you because it is all about promoting what the country can do. You can decide to do this business either on a part time or on a full time basis and still make a lot of money from it, have a lot of time for your family, other business and daily life activities.
If you are a starter in this business then, I will not advise you to make heavy investments initially into this business even of you have millions and billions of money for it. Though you will still need a good capital to export your commodities in metric tonnes, there are smart beginner options. I will first advise you to start this business by procuring bitter kolas in trial quantities ranging from 50 kilograms to 200 kilograms. Once the market moves and you start making customers then, increase your exportation scale and make bigger profits.
As regards to the profitability aspect of this business, the current export price of Bitter Kola on the FOB as at the time of writing this post falls between $15 and $20 for each kilogram.
However, the domestic price at which it is sold in the local market is between N200 and N300 per kilogram. per kg. The profitability implication from the simple market price analysis above is that you can easily buy these items for as low as $1.5 per kg within the country and export them to the international markets for as minimum of $17 per kg. This clearly assures you an estimated gross profit margin of $15.5 for each bitter kola kilogram sold in the foreign markets. Let us assume an investor sources and successfully exports his 100 kilograms of bitter kola going with the pricing specifications above, he will instantly make a total of $1,550 in profits which is an equivalent of over N250,000. Now tell me, is this business not like building a secret ATM machine inside your bedroom? That is a mega profit business for goodness sake!
And here is the transportation, haulage and logistics plan for the business. If you want to export smaller quantities of bitter kola like 50 kilograms or even 200 kilograms then, it is advisable for you to engage the services of notable courier companies and outfits for that purpose since you do not need to load such little quantities inside carriage containers.
Some of them includes the UPS, DHL, IFEX, EMS, and many others. Over the years, the courier service system has proven itself to be the quickest and effective means of exporting commodities like bitter kola outside the country at cost effective rates with the security and safety of your good assured. The DHL courier service is a very reliable one to choose but it is more expensive than the others obviously because of the high quality of the services that they render. So I will advice exporters to know their preferences as to transport costs, efficiency, safety and right delivery before making a choice of which courier service to use for the exportation of their commodities. Bitter kolas remain durable for many years and they hardly perish though it can loose its moisture contents when stored for many years.
On a small scale basis, you can start this business with as little as N100,000 and it will be enough to fund all your business operations when you plan well and expend it judiciously and prudently raise this capital by ploughing back your past savings, soliciting money from your family members and friends, getting financial assistance from the SMEDAN, applying for loans from Microfinance and agricultural development banks, taking loans and grants from instituted government sponsored authorities and programmes like the YouWIN and getting funds from many other feasible channels. A starter who is determined to start this business can even raise enough money from the reasonable sale of some of his valuable properties, belongings and assets like land, jewellery items and other valuables.
As soon as you have your products ready for export, you need to connect with your potential buyers so as to strike a deal with them, sell off your products after receiving their payments, make your shipping operations for safe product delivery and enjoy your money. The best way of finding buyers without travelling to foreign lands is through online e-commerce and business portals like www.alibaba.com, www.aliexpress.com, www.smartbizlead.com and many others. On such business portals, many merchants, importers, exporters, suppliers, producers and business tycoons from all over the world come together to trade and transact with each other. Be careful not to be defrauded by fake buyers. So take safety trading precautions and review each buyer very well before you start dealing or bargaining with him or her.
As soon as you register on these trading websites and update your profile with the required information, place your products for sale by giving a clear description, details and specification for it. Also, upload pictures and samples of your products on your sales pages. Add your contact information, address, email and phone numbers so that interested buyers can easily reach you for business deals. Also, you can write brief but comprehensive business proposals containing your product descriptions, pictures, pricing, quantity, quality, discounts available (if any) and other trade specification, shipping arrangements, terms and conditions. Send them to your potential and interested buyers and you may have a transaction to do with them sooner or later. Also, you can promote your business on many other online business forums and connect with more buyers. As they come, sell off your products at attractive profit margins and make a lot of money.
Get more information about this business from a seasoned exporter in the field and learn a lot of tips on how to succeed and profit so much doing this bitter kola export business in Nigeria. I can also assist you with more information. Just send me your views and questions using the comments below and I will give you a prompt and helpful response.
For more business ideas and guides, read other numerous articles on this blog for free. Always check out this blog everyday for more profitable ways of starting a business and making a lot of money for yourself. Time and tide waits for no man. Take advantage of this platform, get a good knowledge of business and utilize them in your daily lives for maximum yields, profits and returns on your investments. Cheers!
TAGS: training manual for Bitter kola export opportunities, exporting bitter kola to china, how to get bitter kola exporters, Bitter kola export from nigeria, Bitter kola export business in nigeria, bitter kola for export, how to package bitter kola for export, Bitter kola export in nigeria, export of bitter kola in nigeria, www.export-bitter-kola
How to start Bitter Kola Export Business in Nigeria and make money on a steady basis
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