HOW TO START A POPCORN SALE BUSINESS
The popcorn sale business is one of the well known businesses in the country. It is something that has been practiced by a lot of people for many years now. It is not really a difficult business to start and it is even perhaps one of the business options that doesn’t really require much in starting. The cost of starting is also something quite simple and not extremely expensive as it can be started even with a small capital, with the machine taking a huge chunk of the budget. Asides that, it’s a pretty simple business and one that is also lucrative due to the love for popcorn in many places around the country.
The business simply involves everything from production of the popcorn to then selling it to customers who are willing to buy it. Production of popcorn is something quite common and it consists of several processes that makes up what eventually becomes the final result of the popcorn which is generally enjoyed by people. It is not something hard though individuals might need to learn a few things about what they’re planning to do, most especially the part that involves making the popcorn. Popcorn can be classified as a popular snack and it has a very good demand in the country and is totally loved by people from all age ranges.
The business can be started in either small scale or large scale. The small scale aspect involves a very much smaller version of the business. Here, the business owner just gets to produce in small quantities and to customers who are ready to buy. There’s no need for a shop though having it is also not a problem. The cost of starting is also pretty small as you’re only producing in small scale. The large scale aspect, on the other hand, involves production in large scale even up to the point where the product is well branded and taken to the market for sale. It is a much larger aspect and definitely require even more things than the small scale aspect.
One of the reasons that makes the business a really good business idea is the fact that popcorn is quite popular in the country and as I’ve mentioned earlier, it is something loved by many people. A snack like popcorn can be served at events or even when individuals are just hanging out with friends. One popular place popcorn is also used pretty well is at Cinemas when individuals go to watch a movie. As demand itself is a major reason why individuals decide to start a business, it makes this a good option to start.. A good demand means it won’t be a hard thing looking for prospective customers or people who will like the product. This in turn results in good amounts of profits which is very good for a business.
Another thing is that it is a simple business to start with almost no issues and also with a small amount of capital. It can serve as a good means to make money for entrepreneurs looking to start a business but don’t have large finances to help them go about the business. The cost of getting things are affordable and the machine will definitely be the one taking large part of your budget though there’s a possibility of getting a fairly used one that still works well for a cheap price.
It’s also a business that can be started by almost anyone. It is not one of those businesses that you’ll be needing special training or skills before you can start the business. You don’t need any professional experience or educational qualifications to be able to run the business. Asides the production process involved in getting the popcorn, it is a fairly easy business and one that doesn’t require too much things. Even the production process is not much of a big issue when it comes to learning it. You can simply check out YouTube for tutorial and informative videos that will thoroughly explain the entire process to help you properly go about the popcorn making. Together with this, you can also meet up with individuals who have been in the business either before or currently to give you some insights and also tutorials and things that will help in the running of the business.
Starting the business is not a difficult thing to do like I’ve mentioned a number of times now. It’s fairly easy and is not something that will take up a large budget making it a reasonable business option. The small scale aspect is the most practiced one in the country as it doesn’t require production in large scale as well as a number of other equipments in carrying out the production of the popcorn.
In the next sub heads, I’ll be discussing the steps involved in starting up a popcorn sale business in Nigeria and some of the things that might prove useful during the course of running the business and to also ensure that you’re successful and also making good amounts of income from the business.
No matter what you’ve heard someone saying about a business and how well success is assured or how lucrative it would turn out, always try to do your own research. The research will not cost anything except your time and that time will prove to be well spent when the business starts and the successes starts coming in. It is important to do a thorough investigation about the business since you’re going to be investing your money into it and you’ve never been involved in the business. Some hours of research won’t hurt.
The research is always meant to give you an idea of what to expect and the challenges ahead to be faced. It teaches future entrepreneur how the business works and what success means. It shows the risks involved and the ways to tackle them. It also gives ideas on how to sustain the business and work towards more success. Imagine missing out on any of the mentioned points, it’s more like being less equipped about something especially something you plan to spend money on.
There are experts in the business, of course, so also look to advise from these individuals as they are most likely the best bet for reliable information on the business. Take note of even the smallest things during the research period and pay close attention to how to stay and survive in the business. The research is as important as anything in the business.
2. WRITE A BUSINESS PLAN
A business plan needs no introduction. It is equally as important as some of the other processes or things involved in the business. After a comprehensive and thorough research has been conducted, entrepreneurs must now put all their ideas into paper after, of course, deciding to start the business. The business plan will cover things like the way you plan to operate, the cost of several things, how you plan to market your business, future projections and also contingency plans.
The business plan serves a number of purposes. In cases where individuals might need to get investors or even get a loan, it will prove useful as it will contain all that needs to be known concerning the business. It is also going to serve as a point of reference for the proposed business.
3. CAPITAL AND LOCATION
The need for capital in starting a business cannot be overemphasized. The capital needed for this business is usually small though it still depends on the capacity you intend to start with. For location, you can just get a small shop that is close to the city center or with large turnout of people on a regular basis. Also ensure it is not close to competitors. There’s also the option of doing it from home and sending to the market for sale though this requires other processes of packaging and of course, preservation.
4. GETTING THE PRODUCTS
At this stage the business is about the start. You’ll need to visit markets where these products are sold and get them at reasonable prices. You can also get more than one place so you can always alternate when you want or when there’s an issue with one of the suppliers. The basic materials needed for the business asides the popcorn making machine include sugar, corn, and nylon for packaging.
5. MARKETING AND SALE
Depending on which one you start, marketing strategies can be different. If you’ll be having a shop, you can simply have a small poster or banner displaying what you do in front of your shop. If you’ll be making the popcorn from home and taking to the market, then you can just have your details printed on a card or paper or even on the nylon you’ll be using. Social media can be used too.