Peanut business is a lucrative business, but many are not aware, they think that peanut business is business for the poor, that is not true.
Most of the businesses you need a little capital to start are often overlooked by many, and these are businesses that usually turn someone into a millionaire.
Why? It is because more often the best idea is usually the simplest ones, and such idea is the idea of peanut business.
Below are some of the reasons why peanut business is lucrative in Nigeria and why you should start the business.
1. Almost Every Person Eats Peanut
Have you any idea about anyone who does not eat peanut? I think everyone does eat a peanut, except those set of individuals who are battling with acne.
However, it has been proven scientifically that peanut never causes a pimple, but what causes pimples are dirt and some blockages of the skin pores.
2. Peanut Are In High Demand
Anytime there is peanut, there is usually a demand for it. There are some persons who considered themselves addicted to peanut.
One of my friends is addicted to it. A high demand of peanut is why peanut business in Nigeria is a lucrative business. One person may eat N200 peanut in a day and still want more.
3. Easy To Start Business
Peanut business is one of the businesses you can easily start even with little capital, and the return on investment ROI is usually mind-boggling.
You do not have to acquire any skill to run a peanut business. What you need to do is simply purchase your peanut from the market, prepare it and sell to both retailers and wholesalers.
4. Is Not Capital Intensive
You can start your peanut business with N2000 only. You can start either big or small. Buy your products, prepare it and sell to the end-users, whether they are retailers or wholesalers.