Would you love to Start Raking in your own profits or are you more interested in Stating a Gas business?
This is business is very lucrative and because most industries utilize liquefied and natural gas, its a business you can not neglect this year, The risks in it are also low provided you will adhere to safety procedure and guidelines you are good to go!
The cooking gas or natural gas as sometimes referred to is a clear, odorless gas that is used for the domestic purpose of cooking and also a source of energy to industrial machines. The natural gas is relatively clean energy compared to coal-based electricity and kerosene-fueled cooking.
People prefer gas as the best alternative to other sources of energy. Hence, the product is now in high demand. This huge and booming demand for cooking gas in virtually all urban settlements worldwide has created lucrative opportunities for smart entrepreneurs. You can also be one of those smart
entrepreneurs by keying into the ever available opportunities in cooking gas retail business to make some good money.
Tips On Starting a Cooking Gas Business In Nigeria
1. Survey, Research and Ask before you Start
- How is cooking gas measured? Where do they buy it from?
- What are the common challenges cooking gas sellers faces?
- How do I identify quality gas?
- Who or How can I you handle gas cylinders?
- How do you refill a customer’s gas cylinder?
These are some first approach you should equip your self on before you can consider drawing your business plan
Knowledge is one of the vital keys to success in any business. You need to learn a lot about cooking gas retail business if you need to succeed. Before you think of investing in the cooking gas retail business, you must have answered the above questions convincingly.
2. Write a business plan
A business plan will reveal many important details that you may not have paid attention to in the course of planning for your dream business. A business plan will give you some insight into the feasibility of the business in your locale, the required start-up capital, the costs of running the business, the market and competition, and other very important factors.
This is important for your true understanding of the cooking gas retail business you are going into and also guide your steps.
3. YOUR LOCATION IS IMPORTANT
Every business success always depends greatly on the location of such business. When choosing a location, you may have to take into consideration your market. It is important that you locate your business close to where there are many potential customers.
It’s a bad idea to locate such business as cooking gas retailing in a rural area, for instance.
Also, due to the hazardous nature of cooking gas, most federal and state governments have laid-down regulations concerning the site of a cooking gas retailing business. So it is very important that you find out the rules that apply in your state or country regarding property to be used for cooking gas retailing.
You can do well to consult an attorney in this case. This is a legal consideration in siting your cooking gas retailing business.
On the other hand, it can be a good idea to site your cooking gas retail business in an area dominated by medium-income people, high institutions, or entertainment centers such as hotels, restaurants, and fast food outlets.
This is because, people, students inclusive, enjoy cooking with gas more due to its nature which makes it odorless, smoke-free, fast cooking, and long lasting while remaining cheaper to other energy sources.
4. Install the needed facilities
Hire professionals to help you install the tanks, electronics, and other equipment and facilities that you will need to conduct your business safely. (Remember, cooking gas could be dangerous)!
After installation, it is important that you check all equipment and facilities and ensure that they have been well-fixed. You must also ensure that there are no leakages or lose fittings.
5. Make arrangements for transportation
As a retailer, you need to offer incentives to your customers. This can in the form of transporting gas products to customers’ destinations. To do this, you need to either secure a hauling vehicle of your own or lease one if you cannot afford to buy. Due to the volatile nature of cooking gas, the safety regulations are always many and rigorous. You need to ensure that your vehicle, purchased or leased, is always in tip-top condition and also meet the requirements for vehicles hauling such product.
6. Insure your business.
You have to have it in mind that cooking gas retail business is a capital-intensive one. By implication, a hazard can make you go broke for life. You invest too much to ignore in this business.
For safety and caution sakes, get an insurance policy, mostly for fire accidents. The product is so volatile and inflammable that it can go up in flames at any point in time.
For Startups you can Always retail your gas Business in the rural area when you purchase from big resellers, all you need to do is to get some gas Cylinders and locate a busy location or junction in the village, you can start a gas business with as low and N50,000