Thanks to the abundance of agricultural products in Nigeria, the country continues to become one of the richest countries in the world. Nigeria grows many crops that are in demand and are as profitable as possible. One of the most sought after agricultural products produced in Nigeria is the large number of hibiscus flowers.
International buyers from all over the world were looking for dried hibiscus flowers from Nigeria that have high quality, content and price. They come to the country regularly to meet with commodity trading companies and farmers to learn how to establish long-term relationships with them, to ensure a continuous supply of goods for at least one year. According to the agreement reached by both parties, they decide with which suppliers or suppliers to cooperate, issue an ICPO (irrevocable business purchase order), sign the contract and start negotiations on the payment terms agreed by both parties.
The high demand of international buyers for this agricultural product in Nigeria has led the company to export dried hibiscus flowers from Nigeria to the rest of the world, thus launching a lucrative export business.
First of all, what is a dried hibiscus flower?
Dried hibiscus flowers are used for the production of tea, sanitary drinks, medicinal and other purposes.
So what is the export of hibiscus flowers?
The export of dried hibiscus flowers consists of the export of dried hibiscus flowers from Nigeria to international customers in various parts of the world, especially in the USA, Mexico, Germany, the Netherlands and many regions of Europe and America. Upon arrival at the buyer's premises, it is of course further exported and processed for the intended use.
Facts about the export of dried hibiscus flowers
Dried hibiscus flowers are mainly used for the production of specialty teas, sanitary drinks, for medical purposes and for the production of gelatin, jam, fruit paste, syrup, etc.
Dry hibiscus flowers grow mainly in northern Nigeria.
Dry hibiscus flowers in Nigeria grow all year round, but the main export season is October to March.
The dried hibiscus flower is also called the Zobo letter in Nigeria.
The dried hibiscus flower is also called Bissap in Senegal.
Nigeria is the largest producer of hibiscus flowers in Africa.
Hibiscus is rich in vitamin C.
Twelve tons of dried hibiscus flowers fill a 40-foot container.
Growing dry hibiscus flowers can create many job opportunities.
Dry hibiscus flowers can be red, yellow, white or pink.
The profit margin for selling hibiscus flowers to international buyers can range from 60% to more than 200%, depending on whether you are a farmer or shopping on a farm.
You can enter $ 0 as a broker.
The USA, Germany, the Netherlands and many parts of Europe and Asia are the largest importers of hibiscus flowers.
Business opportunities for the export of hibiscus flowers
1). Hibiscus flowers for export:
Dried hibiscus flowers are usually sold in different quantities on the farm or on the local market and then resold to international buyers at different prices per tonne according to specifications, the seller-farm relationship, the business process and the final negotiation with the buyer. .
In general, the profit margin for exports of dried hibiscus flowers ranges from 60% to more than 200% in some rare cases.
2). Arrangement of dry hibiscus flowers:
If you do not have the money to start a business, you must first enter into a brokerage business with the company's products, in which case you must enter into a business with dried hibiscus flowers.
You can join a brokerage company for hibiscus flowers by comparing buyers and sellers and collecting commissions from the transaction.
Establish a company to export hibiscus flowers
1). Register your export company:
The first step in opening a company to export hibiscus flowers is to register a legal company. To do this, you must first register a limited liability company with the Nigeria Corporate Affairs Commission and then register your business with the Nigeria Export Promotion Commission and any local association that regulates the purchase and sale of hibiscus.
The name of a registered company cannot be registered with the NEPC, so you can only act as an exporter in a limited liability company registered under the laws of the Federal Republic of Nigeria.
2). Find direct farms and export resources:
Although this can be done before, during or after registering your company with the relevant authorities, the next step is to find a direct farm that will grow dried hibiscus flowers for you on behalf of your customers.
It is usually best to contact farmers directly to get the highest price. Finding an agent will waste more time, spend more money and reduce your profit margins.
3). Create the right business structure, business process and brand:
During or after registration and insurance of the buyer, it is very important to create a good business structure that looks good on an international scale. One way to achieve this is to set up an international standard website, obtain company addresses, create company profiles and create a company list format that can be customized and sent to buyers for a quote. Also set up an email address for a company that looks like "your [email protected]".
If renting an office is too expensive, you can pay for a virtual office in a collaborative work center and use its address for appointments.
When you organize your business in this way, buyers will be sure that they will do business with you and choose their company as their preferred partner.
4). Buyer Source:
The following is information on finding international buyers for your products. You can do this by registering on the following website:
And some more.
You can also create an influential social account on LinkedIn and sell your hibiscus flowers to a unique business audience that you have created over time.
5). Export your products:
After concluding an agreement with the buyer, you will receive an irrevocable business order, sign a purchase and sale contract and you can send the dried hibiscus flowers to the buyer.
The shipment can be determined on the basis of on-board charges (FOB) or costs, insurance and transport (CIF). In this case, the FOB price refers to transport costs and all other costs up to the point of transport, while the CIF price applies to all costs, including all insurance and transport of goods to the buyer's port of destination.
Challenges facing the export of dried hibiscus flowers
1). The lack of experience has caused exporters to either buy incorrect specifications or product prices are too low, too high or higher.
2). Dried hibiscus flowers that you deliver to the store will be stolen or confiscated by government officials before arrival.
3). Fake buyers waste a fake exporter problem.
4). Many potential entrepreneurs have little or no funding to fund their projects.
5). Most sellers of dried hibiscus flowers mistreated their supply chains and sometimes failed to deliver.
6). Long conversations with buyers of dry hibiscus flowers without money can waste your time.
7). A large number of fraudsters pretend to be sellers of hibiscus flowers, which makes it difficult for buyers of hibiscus flowers.
at the end
The export activity of dried hibiscus is profitable for anyone engaged in the export of agricultural products from Nigeria. Depending on buyer demand, your profit margin may be higher or lower, but still high.
When starting an agricultural export business in Nigeria, the initial focus is on dried hibiscus flowers, which is not only a way to enter the industry, but also a good starting point for starting a long-term business that will one day directly employ thousands of people. or indirectly.
Content created and supplied by: BusinessBoy (via Opera News )