Cost of Starting a Cosmetics Shop Business in Nigeria 2021

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Will you love to know how much the cost of starting a cosmetics shop or cosmetic business in Nigeria 2021 will be for a new start up? If yes, then check below.

In this article, the total amount needed for the start up of a cosmetic business in Nigeria has been explained with clear plans on how to start one.

The truth is, it doesn’t really matter how much you have or how much you need to start a business. But all that matters is the plans you have in place.

A cosmetic business can only thrive if some important factors are taken into consideration before starting it. Below are some important ones to start with.

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Best Plan for Starting a Cosmetic Business 2021

To start a profitable cosmetic business in Nigeria that will thrive, the following important factors must be taken into consideration;

  • The available amount
  • Estimated size of the business
  • Location for the business
  • Rate of demand for the business in that very location
  • Where to buy the products at cheaper wholesale price

The best way to start with is to plan how big or small you want your business to be by considering the available amount that you have in hand.

After that, the next step is to consider a good location that will have a large number of demands for the business while the final step is to consider where you will buy your products at cheaper wholesale prices.

How much Does it Cost to Start a Cosmetics Shop Business in Nigeria?

Starting a cosmetics business in Nigeria in 2021 will cost between Hundred Thousand Naira (N100,000) to Three Hundred Thousand Naira (N300,000) for a small scale cosmetic business.

Meanwhile, it will cost between Three Hundred Thousand Naira (N300,000) to Seven Hundred Thousand Naira (N700,000) for a large scale cosmetic business in Nigeria.

Alternatively, a mini hawking cosmetic business in Nigeria that does require a location or renting of a shop will require between Thirty Thousand Naira (N30,000) to Eighty Thousand Naira(N80,000) for a start.

See Also:Cost of Starting a Bread Bakery Business in Nigeria

Generally, if you want to start a good cosmetic shop that will attract people, then keep up to Hundred Thousand Naira (N100,000) start up amount and make sure you start by selling quality products.

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Cost of Cosmetic Production Business

If your interest is in learning cosmetic production in Nigeria then this section will explain how much money you need to start and complete training.

Cosmetic production training includes skin care production like; Body cream, hair cream, and other cosmetics like perfume production, oil spray and every other related cosmetic training.

At a glance, it will cost about Fifty Thousand Naira (N50,000) to Two Hundred Thousand Naira(N200,000) to start and complete a cosmetic production training in Nigeria.

Note; the amount stated above depends on the place and location that the training takes place and the level of training that the trainee will undergo.

Profit in Cosmetics Business

Cosmetic business in Nigeria is very profitable. Generally, cosmetic business is one of the most profitable and recommendable business for small scale entrepreneurs.

How much can I make from Cosmetic business in Nigeria? A start up cosmetic business in Nigeria can make up to Fifty Thousand Naira (N50,000) profit within a month of start up.

Apparently, if the cosmetic business is large scale and located at a good location, then it can make up to Hundred Thousand Naira (N100,000) profit within a month of start up.

The profit in cosmetic business depends on how demanding and how fast the sales are moving and also the wholesale price compared to the retail price.

Like it was started earlier, starting a good cosmetic shop business in Nigeria that will attract people will require up to a Hundred Thousand Naira (N100,000) start up amount.

Meanwhile, it is advisable to start a cosmetic business by selling affordable but quality cosmetic products that the customers will love and with that, they will always return next time to patronize.

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