With Christmas just around the corner, the holiday spirit is in the air, and people from all walks of life, including individuals, families, and businesses, are gearing up for their year-end purchases.
Among the many items on their shopping lists, Christmas decorations and accessories take center stage, sought after by both companies and individuals, particularly those with children, despite prevailing economic conditions.
The global Christmas industry, worth billions of dollars, surpassed $850 billion in revenue last year alone. This industry encompasses a wide array of products, including decorations, ornaments, greeting cards, accessories, and souvenirs. Christmas serves as an economic boost for many countries, and Nigeria is no exception, with its own share of the year-end economic surge.
As the holiday season approaches, Nigerians, whether they are part of a corporate entity or individuals, embrace the Christmas spirit by purchasing items such as plastic Christmas trees, decorations, hampers, Santa Claus outfits, greeting cards, hats, and various accessories. Children, in particular, eagerly await Christmas-themed sunglasses, headbands, toys, shoes, clothes, and more.
For those looking to capitalize on the festive season, there’s an opportunity to buy these items in bulk and resell them at a profit. Investments in Christmas decorations and ornaments can range from N100,000 to N500,000. Additionally, selling Christmas Santa Claus caps and other holiday-related accessories can be a lucrative endeavor.
During this period, the potential customer base for these Christmas-themed products includes both individuals and companies. Marketing to businesses of all sizes, from large corporations to small and micro-enterprises, is crucial because Christmas decorations are a significant aspect of their year-end festivities. Many companies also host end-of-year or Christmas parties, where they distribute Christmas-related accessories to their employees in the spirit of the season.
While larger companies may already have established suppliers, smaller and micro businesses often engage in last-minute purchases. Therefore, the period from the end of November leading up to Christmas is an ideal time to tap into this market and generate income from the holiday celebrations.
