How to Start Okrika Business in Nigeria

How to Start Okrika Business in Nigeria

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How To Start Okrika Business In Nigeria? Okrika Business is a long-time business, which has made a lot of people millionaires. This business, which is one of the oldest businesses in Nigeria’s history, does not seem to slow down anytime soon, and demand for clothing continues to go up due to the increase in the population.

As an entrepreneur, this is a type of business that you can invest in today with a guaranteed profit margin, and one of the most surprising secrets of Okrika’s business is that products are never wasted. Therefore, the possibility of running with loss is almost impossible.

This article on how to start Okrika business in Nigeria will allow you to participate in one of the most guaranteed profit businesses and everything you need to know about the beginning of an Okrika business. Before we dive into how to start Okrika business in Nigeria, let’s briefly explain what an Okrika business is.

What is an OKRIKA business?

Okrika Business involves buying and selling clothing used directly to consumers or other wholesalers. Second-hand clothing, or “okrika”, as they are popularly called, has been a great demand since the 1950s and 1960s, so many entrepreneurs have increased to meet this demand..

Today, this popular business is named Okrika Port, in the state of the rivers, because at the time Nigeria began its journey to independent life, this was the only port that could bring used clothing from Europe to Nigeria.

Now that you are thinking of how to start Okrika business in Nigeria, have you thought about the amount needed to start Okrika business? Don’t worry we have the answer to that here.

How Much Do I Need To Start An Okrika Business?

With just N5,000 – 10,000, you can start an expanding Okrika business anywhere in Nigeria today. You can choose any city, or village to set up a store and we guarantee you will make sales because, except the rich class, all other Nigerian classes wear second-hand clothes at some point in their lives.

Why should I start an Okrika business?

When you talk about making the country work to your advantage, there are not so many companies that the current state of the country supports even more. Due to the constantly growing population economic decline and more, few people can buy new clothes.

The durability and cockroach of these clothing classes also distinguish them from all other types, and with the vast majority of Nigerians falling into the category of low-income individuals, you have guaranteed solid sales.

Okrika clothes are affordable and popular and, with a market available in all parts of the country, you can easily sell your products. Also, from the perspective of an entrepreneur, there is little or no loss in this business, as all your products end up running out and you don’t have to worry about losing money with the rent of the perfect location.

Finally, this business is a gold mine because the necessary capital is very little and guarantees a very high ROI.

How To Start Okrika Business In Nigeria

Here are 4 easy steps to start an Okrika business to start an Okrika business, you need:

  1. Learn trade
  2. Have Capital
  3. Find a place
  4. Market and sell your products

A.     Learn the trade

To succeed in this venture, you need to master the tricks and who is better to take over than Okrika’s business professionals?

Partnership with someone who is already in business to learn the strings so that you don’t eat the initial mistakes you will regret later. By partnering with someone, you will also learn about some of the major clothing markets used inside and around you.

Some of the main clothing markets used in the lakes are;

How to Start Okrika Business in Nigeria
How to Start Okrika Business in Nigeria
  • Katangwa Market – State of Lagos
  • Okrika Market – State of Rivers
  • Tejuosho Market – Lagos State
  •  Aswani Mercado – State of Lakes

Learning about the degree of clothing in this business is also very important. Cleaning, quality, and, above all, that they are being imported allow you to know about your notes.

Also, you need to be informed about what is contained in the burden of Okrika and the market for which they are suitable. A UK Okrika load is the most expensive, closely followed by the US, after China, and so on.

The contents of an Okrika load include;

  • Complete waves for babies
  • Leggings for women
  • Mixed for children
  • Chiffon – This is usually dressed and tops for women
  • Jeans and pants for men
  • Sit for men and women

B.     Capital

For every commercial venture, one of the most important requirements is capital, and this business is no different. However, with only N5,000 to N10,000, you can completely start your business operations.

There are different levels of the capital necessary to start this business;

  • You need ten thousand (10,000.00) or less at the most basic level. Going to release sales is a good place to start. Liberation sales imply buying leftovers, which are low-quality products that are cheap and that you can sell at reduced costs and make a profit.
  • At the intermediate level, you can choose from the materials provided and pay the seller. This is currently the inventory of clothing you can sell locally.
  • Once you reach the advanced level, you can buy bales (sealed bags of used clothing) and sell them in bales or open the bales and sell the content separately.

C.      Find A Place

For your options when it comes to a suitable place, you have 3 options available.

  • The Roadside – you can choose to sell alongside the roads, all require you to consult the local inhabitants in the region (popularly known as boys in the area), and then reach an agreement on a payment structure.
  • The Open Market – this is one of the most popular ways that Okrika traders operate. You just need to pay the daily market fee and can sell your goods during the day.
  • A Store – Renting a store is the last option if you don’t like any of the ideas above, but you need to consider how much they are relatively high. Your store may be anywhere you want, but it’s more strategic to have it in a place with a lot of human movement.

D.     Multi and Sell Your Products

Like all other businesses, your products need to be attractive to potential customers, so they can sponsor you and Okrika’s business is no different. If you want to operate on the intermediary for the advanced scale, you should ensure that washing these clothes, drying, and pressing them.

Free from the unpleasant smell they come and make sure they smell well, then put them in the first-grade section. However, you do not need to do this if you want to operate on a small scale (such as selling on the roadside). Now that you have learned how to start Okrika business in Nigeria, here are some things you need to know.

What You Need To Know About Okrika Business

Okrika clothes have different notes and include;

  • Grade A: This is a very new piece of clothing, previously used or not, and is free of defects.
  • Grade B: This has a weak discoloration that resembles a little to a little.
  • Grade C: This has a significant DING and is quite old, has been changed or torn in a crucial area. A small amount of this is in series A, B, and C.

How You Can Promote Your Okrika Business

You can promote your Okrika business by;

  1. Bringing Social Media To Your Advantage – You can fit your products and share with all your WhatsApp contacts or you can open a business page on Instagram, Facebook, Twitter, E.T.C.
  • Word Of Mouth – Telling friends and people around you about your business
  • Running Ads – You can perform sponsored ads through influencers or people with a large number of followers of your Perfect Audience on social media. You can also run advertising campaigns on Instagram and Facebook, as they are better for this type of business.
  • Marketing Through Forums – You can create a forum and advertise your products on websites like Nairaland, and jiji.com.
  • Sell Your Products Out There – You can take your products physically from one place to another, such as offices and malls or where you have a large meeting of people.

FAQs on How To Start Okrika Business In Nigeria

Here are some Frequently asked questions on how to start Okrika business in Nigeria:

What is an Okrika business?

Okrika’s business involves the buying and selling of used clothes directly to consumers or other wholesalers. It’s a longstanding business in Nigeria, catering to the demand for affordable clothing.

How much do I need to start an Okrika business?

With as little as N5,000, you can kickstart an Okrika business in Nigeria. The low entry cost makes it accessible for entrepreneurs looking for a business with a guaranteed profit margin.

Why should I start an Okrika business?

Okrika clothes are affordable and popular, catering to a vast market in Nigeria. The business requires minimal capital, has a high return on investment, and addresses the needs of the majority of Nigerians who fall into the low-income category.

What are the steps to start an Okrika business?

The four key steps are: Learn the trade, have capital, find a location, and market/sell your products. Learning from experienced individuals in the business, securing capital, selecting a suitable selling location, and effectively marketing your products are crucial for success.

How can I learn the Okrika trade?

To be successful, it’s recommended to partner with someone already in the business. This helps you avoid early mistakes, understand major markets, and learn about the grades of clothes, including their quality, neatness, and country of origin.

What are the major markets for Okrika clothes in Lagos?

Major markets in Lagos include the Okrika market in Rivers State, Aswani market, Tejuosho market, and Katangwa market in Lagos state. Learning about these markets is essential for a successful Okrika business.

What are the grades of Okrika clothes?

Okrika clothes come in different grades, including Grade A (defect-free, very new), Grade B (faint discoloration), and Grade C (significant ding or alteration). Understanding these grades is crucial for pricing and selling strategies.

How can I promote my Okrika business?

Promotion can be done through word of mouth, social media (WhatsApp, Instagram, Facebook, Twitter), running ads through influencers, marketing forums (Nairaland, Jiji, OLX), and physically hawking products in offices and malls.

Do I need a physical shop to start an Okrika business?

No, you can choose to sell by the roadside, in open markets, or rent a shop. The choice depends on your preferences and budget.

Conclusion: How To Start Okrika Business In Nigeria

To learn the okrika business you need to partner with someone who is already in business to learn the strings so that you don’t eat the initial mistakes you will regret later. However, with only N5,000 to N10,000, you can completely start your business operations.

You don’t have to worry about registering your business or worrying about any regulatory agency, as are other companies. Then you can choose to sell alongside the roads, market or rent a shop. Now that you have found out how to start okrika business in Nigeria, all you need now is finances.

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