Trading electrical items is the profitable
business in Tanzania. And if you put things right this business guarantee 100
percent your money back within a reasonable period of time from setting up.
Electrical products are selling extremely fast,
because,
Tanzania is the fast growing economy. People both
in rural and in the city of Dar es salaam are flocking into building new
houses. And electricity is the primary requirement for any houses or business..
Most importantly, only 42% percent of the Tanzanian population has access
electricity, with government policy to electrify the whole country up to 2025.
Each home owners are connected with electricity.
This drives people to install and use electrical items on their homes or
business. The simple truth is, this is a safe business and doesn’t affected by
time, even in a bad economy it works well.This is because electrical items are
needed in every society.
Material such as wires, switches socket, circuit
breakers are required by homeowners business even industrial plants in
Tanzania.
The good news about electrical item is they never
get spoilt. So you can keep them in the warehouse for even a year without
slowing down sales. So if you rack your brain to find the perfect business
opportunity in Tanzania .Trading electrical items are business you can profit
from.
So what’s the profit margin for this business?
and the important requirement set up your own electrical business? Who will buy
from you?
So here's the informative article that’s help you
to set up your own electrical business fast and easy any time you ready. Read
on to find out?
Profit margin for trading electrical products
in Tanzania
When it comes to trading electrical products
business, the profit is mouth watering. In my life time, I have seen a guy who
started a small shop of electrical items, with limited funds, but his business
grows at alarming rates. And today has become a great supplier of electrical
materials to big companies in Tanzania
In the market today, you will buy the one bag of
switch sockets( one bag contain 5 pieces of switch sockets ) at price of 25,000
Tanzania shilling,
And you can resell at a price of 8000- 9000
Tanzania shillings per piece.
So if you just sell 5 pieces of sockets will make
you 5×9000= 45,000
So the profit margin for just selling only one
bag of switch socket is 45,000-25,000= 20,000 Tanzania shillings.
If you sell three bags of switches a day, you
make profit margin 3×20,000=60,000
In a month you will make 60,000 ×30= 180,000 for
just selling only one kind of electrical items. And in your shop you will have
multiple items. So you can make more and more money.
Tips to succeed in This Business
1:Choose Market to Concentrate
The market for trading electrical items is
diverse, because you can offer your items to home owners, business/companies or
industrial plants. But if you’re just starting out, the fair market to
start with is homeowners. And you can expand to other markets as your business
grows day by day.
2.Find a supplier
There are many suppliers of electrical items in
Tanzania, you will make more money if you find a supplier who will source the
items and resell at competitive prices to your customer. If you are reliable
and trustworthy, you can negotiate a deal with your supplier and get the items
on credit, then they will come later to get money which is good if you are
starting out with a limited budget.
3.Be knowledgable about electrical products
In fact, your customer will not only want to buy
from you. But will need advice of the best electrical items to use. So you
should be prepared to answer basic inquiries of your customers.
If you know nothing about electrical items and
this business is interest you, there’s a solution. You can hire a street
electrician who will guide you and you will be learning as you go until you
become an expert on your products.
Stop leaving money on the table
This is the powerful business anyone can start in
Tanzania. And you can start small with amount you’re comfortable with. And grow
bigger day by day.
So go out there. Make it happen. And you will
thank me later.Please if you found this information valuable, or you have
anything, leave a comment. I will be glad to get back to you shortly,
Email: Hussein.boffu@tanzaniapetroleum.com
mobile: +255655376543
About Husssein Boffu
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