The sale of the engine oil business has grown exponentially to become one of the fastest moving and highly small-scale businesses that are profitable for
He said one can start the business with N100,000 by selling on a small scale and gradually make profit.
Hence, it is imperative that one needs to identify his/her customer base including individual vehicle owners, automotive shops, car dealerships, trailer parks, or fleet operators. While it is worthy to note that factors like market demand, competition, and volume discount from suppliers help shape the rate and cost of the engine oil.Creating and developing a marketing plan to promote engine oil products is also important. Asides from engaging in physical sales, setting up social media accounts to facilitate easier communication is also a way to be ahead with the distribution or supply of the engine oil product.
By exploring potential partnerships with automotive businesses, such as garages or service centers by becoming an authorized or recommended supplier, one can gain credibility and increase the customer base while driving sales as well.However, good customer service is crucial for long-term business success while communicating promptly with customers, giving accurate product information, offering after-sales support, and addressing any concerns or issues that may arise.
He advised that it is important to join local associations to get information on the latest trends in the market and also, register through the Corporate Affairs Commission .LEADERSHIP findings revealed that this business can generate N200,000 or more as monthly profit and N2million or so annually
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Transfer: Malouda exposes Chelsea’s major problem after selling key player to EPL rivalFormer Chelsea star, Florent Malouda has exposed the club’s major problem after the Blues sold forward Kai Havertz to Arsenal. Arsenal announced the
Read more »
JNI to Nigerian leaders: Cut your extravagant lifestyles | Only masses making sacrifices | TheCableJama’atu Nasril Islam (JNI), the umbrella Muslim body in Nigeria, has called on Nigerian leaders to stop their extravagant lifestyles and ease the sufferings of the masses.
Read more »
Baba Aisha: Sellers of harmful concoction off the streets after NAFDAC’s crackdownMany sellers of Baba Aisha herbal concoction have stopped selling it on the streets of Abuja.
Read more »
'My green passport is what I have' -- Tinubu speaks on making Nigeria better | TheCablePresident Bola Tinubu says he only has a Nigerian passport, hence, the need to make the country a better place for all.
Read more »
Why we increased PoS charges - Mobile money agentsPoint of Sales, PoS operators have justified why their charges per transaction were increased. Stephen Adeoye, Public Relations Officer of the Association
Read more »
Singer Saint Peters Releases First Single 'Money Spender'Musician Saint Peters has released his first single titled 'Money Spender', which was unveiled under a rebranded name.
Read more »