A population of about 200 million people, creates opportunities for any business to thrive.
Nigerians are lovers of fabrics which is why whoever engages in tailoring and fabric merchandising will always get quick returns on business.
Tailoring materials is a lucrative and profitable business in Nigeria and this is because of the high numbers of fashion designers in the country.
Each community across the country has at least 20 tailors, a testimony of the lucrativity of dealing in tailoring materials, especially, when it is done either on a small scale or a large scale.
Profit Margin
Starting on a small scale is good but the profit margin can’t be compared with large scale or a wholesale level. For example, a row of linen which contains 50 yards is around N6,000 buying it from a wholesaler. The gain on a row might be N1,000 but for you as a retailer selling it at N125 per yard which is the general sales price, the gain is N250. You can see that the profit margin is times four. However, either small scale or large scale, you will definitely maximize profit.
Business Capital
Capital is a major factor in selling tailoring material but the good news is that you can start as small as N50,000. It is not about the capital you start with that matters, rather it is your business acumen and discipline that take you far in the business.
Tailoring Materials That Move Faster
To start selling tailoring materials, below are the materials you need in your shop that drive daily sales.
Before you go to market, pen down the quantity of these materials you will like to buy based on your capital, and make a rough estimate of each material. Finding out the cost of each material will help your budget.
Some of them include; Dull face satin fabric, Tapeta silk fabrics, Duchess satin fabric, Raw silk fabrics, Bridal satin, Polish cotton, Bridal net, Chiffon, Needle, Thread, Veil net, Scissors, China linen, Aba, among others.
Others include: Stone, Zip, Hard net, Trims, Shuttle, Machine reeler, Sample net, Tape rule, Button, Machine part, Machine oil and Clothing-stays.
One good thing about this business is that you can get a shop in any location of your choice. You only need to make sure you are accessible and close to tailors around.
Markets To Buy Cheap Materials
The major place where you can buy tailoring materials in Nigeria, especially in the south-west is Lagos and Ibadan.
In Lagos, you can get them at Idunmota Market, Oshodi Market and Yaba Market; while in Ibadan, you can get it from Gbagi Market, Aleshinloye Market and Ogunpa Market.
