Selling Hair in Nigeria without capital, let’s drop ship!

Selling Hair in Nigeria without capital, let’s drop ship!

Home 9 Tag: nigeria

Selling Hair in Nigeria without capital

Ready to start selling hair in Nigeria without capital?

Have you been dreaming for a long time to start selling hair in Nigeria, but you do not how? Read how to start a hair business in Nigeria. Today can be your day, because we are rolling out a new business model especially for your hair business in Nigeria.

According to Statista Nigeria has about 154 million internet connections, mostly mobile at the end of 2020. That means you have online access to a very wide audience.

Selling hair with a professional web store and all the hair your clients will like, with the lowest investment of the hair industry in Nigeria.

Now you can start a hair business in Nigeria without cash

You have the passion to sell hair to women and girls in your city or even nation-wide, but you lack the capital to purchase the hair?
No need to keep on dreaming and to miss the opportunity to make money, with a hair business in Nigeria. So often, when I chat or talk to women from Nigeria, they make me enthusiastic about their business ideas. Many have a clear idea on how they will change the hair world in Nigeria. It is very inspiring to have these conversations, but too bad most of them have the same ending. The question: How much do I need to start a hair business in Nigeria? And often they lack the capital to start selling hair in Nigeria.

That made me feel very bad. I know ways to get a loan in Nigeria, but not everybody qualifies. How to get all these beautiful ideas to start a hair business in Nigeria on the market?

So, I decided to solve that problem for once and for all, as of today you can start selling hair in Nigeria without capital thanks to our dropshipping hair extensions offer. Plus an affordable website design for top stores

How does dropshipping in Nigeria work?

If you sell hair, you make a profit because the price your client pays is higher than the price you pay, your purchase price. This profit margin is for your expenses and the reward for the risk you take to start a business. You know the lower the purchase price for you, the higher profit margin you can make. But to get a lower purchase price, you need to buy a higher volume of hair, than retail.

Buying hair at wholesale prices is often the problem, because two objectives work against you:

  • The supplier will only give a lower purchasing price when you buy a high volume and;
  • Clients have different needs, to cater them you need to have a broad product offering

You need to buy much to get a discount, but you also need to by some bundles of everything!
With drop shipping you can offer a broad product offering, but you do not have to buy the hair first. But you will get the wholesale price, because the supplier knows you will over a period buy larger volumes.
The orders will be shipped to you, a pickup point or straight to your client. Because the supplier knows this model will only work if they respect your relationship with your clients, they will not steal your client.

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Selling Hair in Nigeria with a professional web store

To sell the hair, you need a professional web store, like Shopify. You do not have to ask yourself how does Shopify work in Nigeria? Because we will design the web store for you. 100% in line with your ideas and needs. We will do as much as possible to make sure you can focus on finding clients and selling hair. If you can not find wholesale human hair distributors in Nigeria, we can help you with overseas vendors. You can sell multiple products, but I recommend making sure the products you offer have a natural relation. Otherwise your web store visitors will bounce away in confusion.

We follow a step-by-step preparation plan, so you know exactly what is needed to get your store. At the same time, you can benefit from a 14 days free trial. To start you do not need to have any money. You only need to pay for the monthly plan for the web store if you are ready to sell hair.

For the monthly fee for the Web Store you can pay by PayPal, Credit Card or by a bank transfer to our Nigerian bank account.

The launch of your store

Now you the world to know you are in business and ready to sell hair. I will help you to launch your web store for a small fee. Because I want you to succeed, you only pay a small part of the fee when your store is ready for the launch. The remainder you will only pay when you are selling hair. So hardly any risk.

Want to know more?

When this is a plan that can work for you, please leave a comment or contact me on WhatsApp + 31 6 234 44 902

I look forward to getting you selling hair in Nigeria without capital as soon as possible!

In Nigeria You Need a Husband to get Capital to Start Selling Hair

In Nigeria You Need a Husband to get Capital to Start Selling Hair

Home 9 Tag: nigeria

How to Start Selling Hair in Nigeria without a husband?

It started with an app, on a Monday morning. Blessingfearless told me she was ready to start selling hair in Nigeria. She found a great business opportunity that will change the hair market in Nigeria for ever. But she needed a husband to get the capital!

Because that is the way it goes in Nigeria. Men get loans and women must beg. You can have a splendid idea, but if your gender is not male, too bad girl!

But Blessingfearless, as you can see on her Instagram account is full of passion. She really made me fall for the idea too. I wanted to help her, with or without a husband!

The fact is if you want to start selling hair in Nigeria, women are second in line compared to men. The World Bank is fully aware of this. They started to develop programs to support women because Africa will only see major improvement if African women are empowered.

So, I started my quest for capital to help Blessingfearless finding a husband. Sorry, I mean finding a loan.

Why would someone need a husband to start selling hair?

“There is growing global evidence that shows that ensuring economic opportunities for women is an important entry point for addressing gender inequality and ensuring better education, health, and nutrition outcomes for families”. This sentence, in a report of the World Bank, tells the male part of the world that by empowering women the only way up for many areas in the World.

Imagine, the growth of the total economy in Nigeria, that is now around 2.1 percent for, could have been 3.3 percent if gender equality would have been reached. This means the Nigerian economy would grow faster than the US economy under Trump or Obama!

To reach this equality between the sexes quite some regulation has or had to change. Some examples are the law on prohibition of inhumane treatment of widows (2001) in Edo state and the Child Rights Act 2003 in Ogun. Nigeria is in the top ten of countries with the highest levels of gender discrimination!

As small producers and asset holders, Nigerian women have greater difficulty reaching economies of scale, which affects their competitiveness. In other words, Nigerian female entrepreneurs face a lot of difficulties to grow their business. As a result, they have limited bargaining power with suppliers and buyers, restricting their ability to earn profits.

Would You Like to Make $ 30.000/month for Only $ 29/month?

Time to Change, Empower women

The Nigeria for Women Project

Through the Nigeria for Women Project, a project initiated by the World Bank, 324,000 women will benefit through investments in comprehensive skills training, the leverage of financial and technical resources, and support to policy dialogue on women’s economic empowerment.

This first World Bank-assisted standalone gender operation in Nigeria was approved in June 2018. This also created and strengthen Women Affinity Groups to facilitate social networks and increase women’s voice and participation in the economy.

How to get access to female friendly financing?

Thanks to the above-mentioned movement, there are several initiatives and organisations active to support women empowerment. This helped to change the mindset and inspired several organisations to develop women friendly loan facilities.

FEMFUNDS for women selling hair in Nigeria

Femfunds is a social enterprise that provides interest free and collateral free loans to women-led micro, small and medium enterprises (also called MSMEs) in Nigeria.

They give women with small businesses everything they need to build profitable businesses which in turn creates a cycle of empowered women who go on to empower other women.

The vision of FEMFUNDS is to create sustainable female-led businesses that can contribute in a positive way to the economic development of Nigeria. Thanks to the important role of women in society.
They provide funds, or capital, to enable business to grow, to replicate a business in another location and to provide capital a business needs to survive.

There are various lines to support women, like interest free loans, with no collateral and advisory to female run small businesses, like mentoring, coaching and workshops on branding, marketing and other intellectual resource to help the businesses.

FemFunds promises hassle free financing.

Evaluation criteria

FemFunds follows the next evaluation criteria when evaluating a business in need of capital:

  • Stage of Business, they look for businesses that are already operational
  • Sector, FemFunds invests in businesses across sectors
  • Revenue, FemFunds is interested in businesses that are post-revenue, have a clear pathway to profitability and possess strong growth trajectory
  • Product Market Fit, FemFunds looks for businesses that will work well in the Nigerian context
  • Structure, properly structured and where this is not the case, if a business is selected, FemFunds will help the business become better structured
  • Competitive Advantage, the business should have a clear competitive advantage and a unique value proposition

It is clear, FemFunds offers great financing possibilities, but only if you have the capital to start a business. Blessingfearless has the idea to start selling hair in Nigeria and will not qualify for this program. Let’s continue our search for capital for women with plans to start selling hair in their State.

W Power loan Access Bank if you want to start selling hair in Nigeria

This offer seems to be much more what Blessingfearless needs. Access Bank understands the position women come from. They have set up a financing that answers all their needs if they want to step into business. Within 30 days after opening a corporate bank account, Blessingfearless can apply for the W Power Loan.

The W Power Loan package comes with benefits such as:

  • business advisory services,
  • a flexible repayment period
  • a low interest rate as well as
  • flexible security options, to ease the minds of the passionate business owners in their own words.

Access bank has taken measures to accommodate women in need of capital to fund their business. On top of this they share some advice, that will be helping you finding a loan from any other bank or organisation.

Understand your business and convince others

Woman are great in organizing, that makes them great entrepreneurs because doing business is all about connections. But sometimes this stand in the way to document the business processes. To get a profitable business you need to be able to understand the environment, the market and the processes. Before you make any appointment with anyone who can give you access to a loan or capital, come up with a business plan.

Your hair business deserves more attention than a side hustle

Microsoft started their business in a garage, and many successful hair businesses started in the living room. If you want to make serious money, you need to take the business serious. Register your business before you apply for a loan. If you do not take your business serious, why would the bank officer do? Some banks can help you with the registration.

Be real, have open a corporate account

Keep your personal financial means separate from your business, do not mix private and business on your bank account. This will also reduce the expenses for the bookkeeping and tax calculations.

Do not ask your husband to do the bookkeeping

Bookkeepers and accountants are not known for their sex appeal, but you need them anyhow. Monitor your business is only possible with a reliable bookkeeping system in place. You can outsource the hard work, but make sure you understand better than your bookkeeper where you make your money and how much! Find a good bookkeeper before you start selling hair in Nigeria.

Join a business community and build your network

It is always good to share your experience with others, join a business community and learn from others. This network can also be of great benefit in times of crisis.

Only borrow what you need

The business plan is the base for the loan or capital request, only borrow the money you need for the business activities. Protect yourself against excess cash, that you must repay later. Use the cash flow forecast in our all-in-one hair business package.

I hope this post will help Blessingfearless, but I will keep my eyes open for more financing possibilities. If you need money for your business or you want a low priced website, leave a comment below so I can help you to find the money,

How a travel ban for Nigeria will impact your hair business

How a travel ban for Nigeria will impact your hair business

Increase your inventory due to the Travel ban for Nigerians

Today Donald Trump has announced he will soon be imposing a travel ban for Nigeria and Tanzania. These countries are mentioned on a draft list of the proposed restrictions, also known as the travel ban.

A significant trade for Nigerians living in the USA is to sell hair and other goods in Nigeria. The same goes for people from Tanzania. Much of the hair is taken by plane to Nigeria as luggage and here is where the travel ban of Nigeria will impact the hair business.

What is the travel ban

During his 2016 campaign Donald Trump frequently floated the idea to ban all Muslims to travel to the USA. The first implementation of his travel ban sparked an uproar, with massive protests and chaos at airports where passengers were detained. The ban was also called the Muslim ban.

The current travel ban suspends immigrant and non-immigrant visas to applicants from: Iran, Libya, Somalia, Syria, Yemen, Venezuela and North Korea.

There are two executive orders and two presidential proclamations about the travel ban. The implementation of this ban is not without legal discussions. The bans originally aimed mostly countries in the middle east, but now a travel ban for Nigeria and Tanzania is on the table.

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How sure it is the travel ban of Nigeria will be law

To anticipate if you must adapt the flow of the hair from the USA to Nigeria, you should follow the news rather close. The US government has already informed the countries subject to this extended travel ban. The idea is the countries involved should be in the position to adapt their own travel regulations.

This aims at measures like improved:

  • border security,
  • sharing of identification information among nations and
  • travel document security.

President Donald Trump told reporters at the World Economic Forum in Davos, Switzerland, that he’s doing it to protect the United States.

“We’re adding a couple of countries (including Nigeria and Tanzania) to it,” he said. “We have to be safe. Our country must be safe. You see what’s going on in the world. Our country must be safe. So, we have a very strong travel ban and we’ll be adding a few countries to it.”

Depending on how successful the Nigerian government can proof the progress in the steps mentioned above, they can avoid a travel ban for Nigerians.

How to avoid a travel ban will impact your hair business in Nigeria?

To keep your clients happy, you must be able to keep the time to delivery as short as possible. A travel ban will increase the time for traveling. You might need to go through more lengthy procedures, or perhaps even are not allowed to travel for a certain period.

Consider alternative logistics, increase the stock starting now, or purchase the hair in other countries.
We will keep you informed if the travel ban for Nigeria will become a rule that will limit traveling and how to deal with this. If you already have any question, please leave a comment below.

Cash available for hair start-ups in Lagos

Cash available for hair start-ups in Lagos

Cash available for hair start-ups

Start-ups in Lagos, the word is out, women in Africa are the main drivers of economic growth. This changes the social economic landscape through the whole mother continent. Women in Lagos for example become the leader of growth in many businesses. New companies in all fields are started by women and this brings financial independence for girls and women much closer.

But a main issue for start-ups in Lagos and other cities is access to capital or cash, to start and grow the hair extensions, wig or other beauty business.

FirstGem has cash for start-ups in Lagos

Now you can get support from First Bank of Nigeria, they launched a solution for women named FirstGem for women. This will provide opportunities for women to achieve their financial goals and ambition. This is the start of any business, to define your goals and mission.

FirstGem helps start-ups in Lagos and other cities in Nigeria with funding, business advice and information about the business environment. FirstGem comes in variants of Savings and Current accounts and it is designed to benefit all women who wants to go into business.

How to get access to the funds to start your business

Before you run to your First Bank Branch, please do some homework. Do not write a note with only the text “Give me my money”, not even in pink.

start-ups in Lagos

This might will lead to big misunderstandings and you run the risk the first customer of your start-up is an inmate of the Kirikiri Prison in Lagos state.

 

 

Better to prepare yourself, I recommend to think about your goals and mission of your hair extensions business. The chance you will leave the bank with some extra money in your pocket will be much higher if you can outline the branch director of credits your business ideas in a structural way.

No need to present a complete business plan, but share your plan in some bullets and it will convince the bank to take your request into consideration.

Think of:

  • How you see the hair extensions market in Nigeria
  • How you will be different from the rest
  • What the clients need
  • New ways to attract customers
  • The kind of investment you need

 

You need help to get inspiration to write down an excellent and original business in a couple of bullets, or a complete business proposal that will give you access to the FirstGem cash?

Simply get your copy of my eBook “From Dream to Your Own Hair Extensions Business, in only 10 days”.

Feel free to contact me before you visit your local First Bank Branch.

Good luck with the start of your own hair business in Nigeria with the cash of First bank!

I love my job, and you?

I love my job, and you?

I love my job, and you?

How often we are too busy to reach for happiness, and we forget to see the awesome things that happen right under our nose. It happened to me today, at the end of again a long, or should I say too long, week in the office, behind the phone and in front of the computer screen.

After dinner, on the couch with my, sometimes already big, sometime still little, son of eight years next to me busy building cities in Minecraft. I watched a documentary about the Yangtze river. A beautiful story about modern days China, with every now and then a peek into the past. Shanghai evolved in less then 30 years from a place where farmers were taking care of their cows, to a city that competes with New York. London or Hong Kong, at least with respect to the skyline, Suddenly I recall the talks and apps I had with Lydia this week and one of the reasons I love my job. Lydia is a very nice women from Juancheng in China. We had talks about smaller and bigger hair extensions suppliers, companies from Xuchang who aim to sell cheap hair at low prices and the best ways to build up trust in the relations with your customers. So a lot of business, but also with a personal touch because when we talked in her evening, her little daughter was giving me advice on the background. At least that is what I think, because my understanding of the Chinese language is still limited to the menu of the Chinese restaurant in my City.

My days are long, because I have clients and other contacts in nearly all the time zones of the world. In Ireland for example, where Einna is busy with the amazing launch of her hair and beauty business called SheBelle. She even went to travel to India to source her hair and it always very inspiring to talk to her. Too bad I am always too late to ask her a question, because she always knows before me what I want to ask her.

In the same time zone there is Africa. That’s a continent where I get more and more inquiries to start selling hair extensions from, mainly South Africa, Nigeria and Kenya. It’s Kenya, where the last weeks the interest in starting a hair business is taking over from inquiries from Nigeria! What’s happening Nigeria? Talking about South Africa, this week I spoke to Yanga who is looking for used weaves. She has a very ambitious plan to help young girls in her area with the proceeds of her business. It really gives me a warm feeling to have talks with people with a mission, passion and ambition and … their hart on the right place. Yeah I love my job. And if you have used weave, do not keep them in your bag, but donate them to Yanga.

The reason my days are very long, or my nights very short, is because of the many contacts with women, sorry it’s true most entrepreneurs in this business are female, from the US. The big challenge of having phone calls, Skype calls, WhatsApp chats and emails in all these various time zones is to avoid you miss an appointment. Too often I mistake in the time of an appointment. It’s already hard for the various countries, but within the US it’s even more confusing for me with EST, CDT, etc.. Last Thursday, or still her Wednesday I spoke with Jenise from the BVI owner of Ain’t She Cute Wigs. At 2 o clock of my night this lady knew to catch my full attention with her dream of the future of her hair business on the island. It was only after we ended the call I realized my day had finished long time ago. Only one more call this time with Shavon from the USA and I called it a day. Again a day that was too short, but how lucky I am to be able to speak with so many people with dreams, plans, questions but all looking for support to make their business grow, again.

 

I love my job! And you? Let me know in a comment, at any time of the day 😉

 

You have a dream to launch your own hair store, or your hair sales are lacking behind expectations. What can you do? Give it all up and let others succeed? Wouldn’t it be great to talk for 10 minutes with somebody who not only understands the hair extensions business, but who can help you with advice too?

You are not alone, you can always call me, I have blocked some time in my calendar already. I am waiting for you!  Call me, Stefan

 

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