The likes of Bua, Dangote, Lafarge,Unicem, which are the biggest manufacturers in the country today always record massive profit in their financial year ending. The cement industry have so much developed that it had turned so many dealers into multi millionaires.
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In this article I am going to show you how you can tap into this industry by becoming a distributor and still make huge profit. Now we will beam our focus on Dangote, Nigeria's largest cement manufacturer. You may decide to be a multi dealer, but I advice you focus on just dangote because this is the most widely accepted brand when it comes to cement in Nigeria.
Dangote's popularity translates into more sales for you when you eventually become a distributor. You would do well by far better than who is a distributor for an unpopular cement brand.
DANGOTE'S DISTRIBUTORSHIP REQUIREMENT
Before dangote would consider you for a distributorship right your business must be registered with the Corporate Affairs Commission. In addition to your CAC certificate, you need to send an application letter requesting to be a distributor, evidence of funding from your bank and a passport photograph.
Dangote group would also check if you have a very spacious warehouse where you can store your products. You may also decide to own a delivery van to increase your chances.
Unless you just want to own a cement store, rather than being a distributor, you must site your business in an urban area with good population size. Also, there should be free access to and from your warehouse. If your location has low economic value, then don't expect massive patronage. But when you site your cement business around the central business districts you are in for a jackpot.
Now when you have carried out your feasibility study and have decided on a good location, you have to make inquiries from those who are already in the business. To avoid making mistakes you must do this, don't consider anyone your competitor just yet. After asking, visit the company and make further inquiries.
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Remember, for your business to be very profitable as cement dealer, your turnover must be fast. This means you must sell and repurchase in a short time due to falling and rising prices of cement.