How To Start a Crayfish Business In Nigeria.

How to start a crayfish business Nigeria. Here in this blog post, I’m going to show you how to do it and also other vital information that will make you successful in this business model.

Table of Contents

1. Conduct Market Research.

Before going ahead to start crayfish business, you need to take your time to do market research to know more about Crayfish business.

Find out the local and regional location people are demanding crayfish very well. Look into market trends and potential buyers such as restaurants, supermarkets, and local markets.

Study crayfish competitors.

Take a special time when you be less busy to go and check those who are into crayfish business to know the price that they are selling their own market, so you can fix your own crayfish price in the right amount.

Because if your price is more than what others are selling in the market, it will be challenging to make sales.

Also check how they are advertising their business to make sales.

Any idea you see them doing and making them excel, apply it to your business because that shows the method is working

2. Develop a Business Plan.

Just like every other business that needs a business plan, even if it’s a crayfish business, you also need a business plan to operate the business and become successful. So to create Crayfish business platform

Get a clean sheet.

Get clean book that you write all your business goals, sit down comfortably to start jolting down.

Outline Goals for the Crayfish Business.

Write down the market you will sell crayfish. How you want the crayfish business to be big. The location you’ll love your business should be. Best time to close. The market you will love purchase crayfish, and alot more you feel to included in the list.

Set Budget.

Write down the total amount you will use to operate the business, and expenses that will be needed to overcome some financial problem that will wants to occur.

Plan Your Strategy.

Decide whether you will focus on doing crayfish farming, or purchasing from those that are doing crayfishing farming (wild), or doing the both together.

3. Raise Money to start a Crayfish business.

Money is required to start a crayfish business in Nigeria, because you won’t have crayfish for free, to get the money there are different ways you can do it.

You can use personal savings which can take time and depends on how much you keep on a daily basis.
You can use loan to raise money for your crayfish business.
Bank is also another option you can use to finance this business model, but before you are allowed to receive money from them, you have to submit some necessary documents, and if you’re unable to return the money those properties will be seized from you.

So choose your preferred option to get money to start up a business.

Saving money is the best way to raise money for a business, but it really takes time, you will have to be patient to use these savings methods.

4. Rent a place to sell crayfish

There are different ways people use to sell their crayfish. Some people uses :

Hawking : Some people carry crayfish around the street. To use this method, you need to buy big rubber to sell it. The advantage of hawking is that you won’t pay anyone money for shop, while disadvantages that your body will pain you more especially if you do not have the energy to trick for long and shy types.
Market : market is another method people used to sell crayfish. To use this method you will need to meet those in charge of the market, pay then money to have some space there to sell crayfish.
Rent Shop. Shop is also another popular method to use to sell crayfish. But to rent a shop is very quite expensive, and to cover the shop rent you need to add other business model like [foodstuffs business].

Among the three options that is mentioned, choose the one that you prefer to use, each of them have their own advantage and disadvantage

5. Register Your Business

If you’re interested, you can register your business in CAC (corporate affairs commission). To get started.

Business Name.

Give your crayfish business a name that can be easily remembered, you can use your biological name or brainstorm business name ideas even though it doesn’t really make sense. So many people’s business name ideas don’t have meaning.

Legal Requirements.

Visit CAC ( corporate affairs commission ) official website to register your business. Ensure you have their requirements in place because they will ask you to provide them before you can register your business successfully.

6. Purchase Crayfish to sell to customers.

Set up the ways that you used to always have crayfish to sell to customers. You can get it by either training them yourself by renting a site and creating wild ponds or tanks to keep them.

If you don’t have the interest to train them from scratch because it will take you to learn how to train it, time consuming and expensive to start.

You can purchase it from the wild, the best place to buy crayfish is Akwa ibom and Calabar

Equipment and Supplies.

Get all the necessary equipment you need to start a crayfish business. Crayfish business equipment ( item ) are :

Net tanks.
Seives.
Grinding machine.
Labels.
Dry fishing equipment.
Bowls.
Buckets.
Spatulas.
Sealing machine.
Weighing machine.

7. Develop Processing and Preservation Methods

Processing.

Take a time to practice how to clean crayfish to remove dust in the body, and also how to dry it, and to package it neatly in different price

Preservate the Crayfish.

Learn to keep your crayfish in appropriate place to avoid rat and any other animals to consume it, also keep the crayfish in sun to dry it inorder not to get wet and spoiled.

8. Promote your crayfish business.

To get more people to notice your business and patronize you, you need to promote it. There are different methods you can use. To get started.

Give your crayfish business a name.

The first thing that you have to do before you start promoting your business is to give it a name so that people can know what to call you and also recommend your business to those that are interested to purchase.

Before you settle for any crayfish business name, make it simple to spell, pronounce and remember so that customers won’t find it challenging to pronounce.

Promote your crayfish business on Social media.

You can get customers to patronize you via Social Media Platforms like Facebook, Instagram, Twitter, and WhatsApp, and so on.

Open this Social Media account which is free, join group, page, friend list, and share details about your business including a phone number that they can reach out to you. You can use these social media ads to promote your business.

Use mouth to mouth marketing

You can inform your friends, families, and strangers about your crayfish business that they should patronize you.

And most of them all, don’t forget to tell them to recommend your business to other people.

9. Associate with crayfish business owner and seek help if you need any.

Associate with people that are doing crayfish business so you can get opportunities from there whenever such come out and know what is happening in the crayfish business industry.

You can also meet them to enlighten you in things consigning fish business in order to increase your knowledge, it will help you a lot to be a successful crayfish business owners

10. Manage Finances

As a business owner you monitor how your business is doing, whither it making progress or declining in sales.

Get a clean sheet of paper to list your sales, expenses to track your business performance.

Doing this will help you to manage your business money effectively to avoid going bankrupt along the way, because such experience is not good to encounter causing serious financial frustration if you’re unable to raise it capital.

11. Listen to your customers and make adjustments where needed.

People will come to patronize your business, take each of them seriously no matter the amount they are buying.

They’re the ones making it possible for you to make sales and profit. If you treat them with a rude attitude and they stop patronizing your business, you won’t be able to make money again, in fact it might destroy your business.

Whatever area your customer is complaining about your business, you should try your best to solve the problem they are having with you.

Also Read : 21 Things That Ruin Business

So this is how to start crayfish business in Nigeria. I hope this article have help you a lot, if you have any question to ask, use the comment section below