Don’t start a wine business in Nigeria until you finish reading this post.
I understand that you love the idea of running a wine business.
I’ll tell you this for free… wine business in Nigeria is very profitable if you do it rightly.
One more thing…
Infact, this is one of the most important thing to know before you start your wine business in Lagos or any part of Nigeria.
Prices of wine are not stable and can change at anytime.
Most times, prices can change for up to three times in one month and if you’re not aware, you’ll be selling at a loss.
This brings us to the number one thing you must know before you start a wine business in Nigeria.
1. You need to be in regular contact with your supplier.
Always call or chat with your supplier on WhatsApp, to know the latest and get updates.
You can also ask your supplier questions like…
What are the best selling wines currently?
What are the wines that people request for the most?
Such questions would help you know what the customers are requesting for and how you can serve them better by making sure you have what the customers want.
2. If you don’t have cash reserve, don’t supply clubs/bars.
Unless have a healthy cash reserve, you may struggle trying to keep up with clubs and bars.
Most clubs and bars in Lagos have a policy of paying their suppliers after two weeks of supply or more.
If you supply 5 clubs and their payment policy is two weeks after supply, can your business survive it?
Most of them don’t even pay you completely after two weeks.
You need to be very careful of your dealings with clubs, lounges or bars, if you want to operate a successful wine business in Nigeria.
Ensure you have a written and signed agreement with them.
If possible, insist on payment at the point of delivery or payment before delivery. This would save you a lot of headache and pain.
3. Be careful of friends who must come to drink and pay later.
Some of them may never pay.
I have seen such people. I have seen many of them. People who behave like that will most likely lead your business into debt.
I have had such experiences in the past. It has led to the end of many friendships.
A friend who cannot support your wine business by paying for a drink is not really a friend.
Do not give rooms for friends to owe you money. It is always difficult getting the money back.
Always treat your business as a business and not a charity credit house.
4. Keep records.
Every business should have a record.
Your wine business should have a record.
You need to keep record of your customers.
You need to keep records of the number of times someone buys from you, so that you can reward loyal customers.
This would make them buy more and also refer more people to you.
Word of mouth is very important if you want to have a successful wine business in Nigeria.
You need to keep record of your best selling products.
You need to keep financial records, purchase records, sales records, debtors record, record of expenses such as utility bill, local government levies, etc.
It would be impossible to run a successful business without keeping records.
5. Always verify claims.
There are people who would come to your wine store claiming to be this or that.
Some would claim to be from the local government, some would claim to be from the tax office, others would claim to come from state operations.
I have had an encounter with many of them.
They will come with forms and receipts, asking for one payment or another.
Do not pay anyone.
Always verify every claim and do not pay cash to anyone.
Most of these people are on an illegal duty, do not indulge them.
Tell them that you will visit their office and process every fee that you owe.
Tell them to give you their names and office address.
Don’t fall a victim of lazy people looking for who to collect money from.
Wine business in Nigeria is a good and profitable business that anyone can operate.
You need money to be able to operate a successful wine business in Nigeria, especially in Lagos.
I have a post that reveals how you can start a wine business in Nigeria. It is a step-by-step guide that shows everything you need to know about starting and growing your own wine business in Nigeria, even if you have never done the business before.
REVEALED: Step-By-Step Guide On How You Can Start & Grow Your Own Wine Business In Nigeria
Remember that one of the most important factors to consider if you want to run a successful wine business in Nigeria is to sell only ORIGINAL WINE AND LIQUOR.
If you don’t sell ORIGINAL wines, people will find out and when they find out, they will stop patronising you and they will tell other people that you do not sell ORIGINAL wines.
What do you think would happen to your wine business when people realize that all your wines are not original?
You will start losing customers and when you start losing customers, your wine business is begin to go down.
I know you don’t want that to be your portion.
So make sure you get a supplier that deals on ORIGINAL WINE & LIQUORS only.
We currently have customers in over 15 states in Nigeria and they all trust us because we supply them ORIGINAL WINES and LIQUORS all the time.
We have been able to grow our business to a very high level because we only deal on ORIGINAL wines at Wine House Nigeria.
If you make us your supplier, you will always get ORIGINAL wines and we will also guide you on how to make sales and grow your business.
Feel free to call us or chat with us right now on WhatsApp.
Our WhatsApp number is 08135262270
You can also follow us on Instagram. Our Instagram handle is @winehousenaija
Click here to follow us on Instagram
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Comment below.
Nice one bro,Looking forward
Cheers
I will text you now
This is really good
Very nice piece of advice, hoping to become one of your customer soonest.
We’ll gladly welcome you to the family.
My WhatsApp number is 07088300111, I need to establish contact with you for my business to be strong from October
Your article is timely, as am currently in the process of starting the wine shop biz. Hope to discuss details with you soon.
Thanks
PAT.
You’re welcome, Pat.
Thanks to wine house Nigeria. Hoping to work with you soon. Wonderful thread
We will be looking forward to working with you, Joshua. Whenever you are ready to start, you can reach on WhatsApp via 08135262270
This article is timely, want to start a wine business. Will need to talk to you
Send a WhatsApp message to 08135262270
Your chat was attended to.
This article is timely. I am about starting a wine business. Presently, I run a wholesale liquor shop. We will get back to you soon.
NGO Stores, Owerri,
IMO State
We are always available to serve you.
Thanks for this piece. I want to start a wine business and I was ask to read up. Im so glad I did.
I’m glad you found the article helpful. Cheers.
This article is very unique and timely, because I want to start a wine business and have been looking for where to get distributor that can supply original wine.
Seriously I’m impress and looking forward to start doing business with you.
I’m glad you found the article helpful. Whenever you’re ready to start, you can reach us through WhatsApp on 08135262270
This is amazing and timely, will contact you soon. Thanks
You’re welcome. Reach us on WhatsApp whenever you are ready to start. 08135262270
abosuletly nice hoping to export wine from eu to nigeria thanks
Goodluck!
Thanks 🤝 for your piece of advice
I really want to open s a wine shop
Hoping to make you my supplier
Feel free to reach out to us on WhatsApp anytime on 08135262270.
This is the most satisfying piece have ever read, I wish to start up a wine shop but the rent here in lagos is beyond it.
Location is my problem now
I’m thinking of ssetting up a wine shop in ikorodu Lagos, pls I need a professional advice on how to go about it and i also want u guys to be my supplier. No fake wines as u said on your post. Thanks
You commented under this post, which means that you have read the post and you already know all you need to know to start.
Thanks for the piece of advice I wish to set up a wine business.and I want u guys to be my supplier.based in ibadan
Am so glad to read all ur advice, i hope to be one of your customers,will chat u up on WhatsApp soon,tanx
Wow am so glad to found dis I have been looking for who will put me true.am so happy to see dis am interested in dis wen am ready I will call