Floor tiles business is one of the most viable business in the built industry and construction business sector.
This is because people need the product to decorate their houses. However, floor tiles business is very demanding, yet it’s a very productive with huge profit margin. This business requires Investment capital to elevate the market potentials and opportunities in it.
A large number of floor tiles business owners do not buy floor tiles from the production line, however, they patronize local vendors and wholesalers. Even at that, some still get it from the floor tile processing plant when they need it and some open floor tiles business as a franchise.
Purchase Supply Vehicle
Before investing in this business, you need to purchase vehicles or hire for rent to load and offload ceramic tiles at the building sites or warehouses. This would prevent breakage, losses and dangerous accidents that may likely occur.
Buy Insurance Policy
Before starting this type of business, you should consider buying insurance policy to guarantee the livelihood of your business.
Speaking on this, a Tiles business dealer in Ogba area in Lagos, Mr, Emeka Ogbonna, says, it is recommended to buy cheap business insurance to guard against risk and shocks of theft, fire and burglary, adding that, this will boost your confidence levels to gain much trust and believe in the business because of the risk involved, especially, when incidences occur at delivery point or during offloading at the sites.
Business Plan
You need a tentative business plan as a budding investor to invest in tiles business, you need to have a business plan you can rely on for both external and internal purposes.
Ogbonna says, cutting corners on your business plan can be precursor to disaster. However, a good business plan will make your business succeed.
Know Your Customers
Before launching a floor tile business in your proposed location, it’s advisable to locate any dealer closer to you to know price differences, ideas and suggestions to succeed in the business.
Expected Profit
Ogbonna hinted that tile business is very profitable to the built sector as homebuilders, city developers and realtors invest in renovation of houses and this major critical reforms increases market shares and patronage of tiles in the market.
He further said the distribution of tiles and big contracts you are able to get from developers and homebuilders to supply them tiles will determine your profits while he assured that the business is a major breakthrough to the real estate sector as more investors are making fortunes from the business.
Investment Capital
Floor tiles business requires Investment capital to start earning money from sales. The capital profile to start the business is from N8 to N10million and with a well written business development plan, the business will grow in leaps and bounds while eliminating risk factors, threats and major incidences.
You need a tentative business plan as a budding investor to invest in tiles business, you need to have a business plan you can rely on for both external and internal purposes.
Ogbonna says, cutting corners on your business plan can be precursor to disaster. However, a good business plan will make your business succeed.
Know Your Customers
Before launching a floor tile business in your proposed location, it’s advisable to locate any dealer closer to you to know price differences, ideas and suggestions to succeed in the business.
