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Commodity trading is d buying and selling of agricultural goods both within and outside Nigeria
Local trading is one area that Nigerian youths can key into to improve their income
U can be a link that will connect the farmers and consumers. This in commerce is called middle man.
Local trading is one area that Nigerian youths can key into to improve their income
U can be a link that will connect the farmers and consumers. This in commerce is called middle man.
A middle man is someone who buys goods from d farmer and sells to d consumer
In Nigeria of today, our middle men are what we call agents
An agent looks for com& #39;dity from com& #39;dity markets all over then supplies to companies that needs such commodities while making a profit
In Nigeria of today, our middle men are what we call agents
An agent looks for com& #39;dity from com& #39;dity markets all over then supplies to companies that needs such commodities while making a profit
As a young youth without finance, what u do is either look for investors or act as intermediaries.
How do u go about it,
Look for companies that are into commodity trading, open a discussion with them, then look for d commodity from commodity markets Nation wide
How do u go about it,
Look for companies that are into commodity trading, open a discussion with them, then look for d commodity from commodity markets Nation wide
U can always browse d net to know where u can get a particular commodity at its cheapest price, this will enable u be able to get a valid contract from d company u want to do business with. Once ur price is within d range ofcompany requires, u can supply them n b their supplier
It is not an easy task but with persistency, u will scale thru
How do u get companies
How do u get companies
How do u get d company
Through social media, join lots of agric groups, every state has one or more agricultural company u can deal with,websites of agricultural companies etc, the list is endless
Through social media, join lots of agric groups, every state has one or more agricultural company u can deal with,websites of agricultural companies etc, the list is endless
The tricky aspect of d commodity trading is in d finance
How do u get finance as most companies prefer payment on delivery.
U can always work around it if u r well oriented in d trade. In d trade, we have some big boys, it is this guys that can help u achieve ur goals
How do u get finance as most companies prefer payment on delivery.
U can always work around it if u r well oriented in d trade. In d trade, we have some big boys, it is this guys that can help u achieve ur goals
They will be d people doing d supply, u will negotiate with them on a little token, let d token u make be enough for u, dont be too greedy as to want more , negotiate even if it is 1 naira per bag, by d time d deal sales thru, u can b bagging as high as 150k per truck
Please note that from start to finish, it is not an easy task, n not all offers r real, not all deal will click, but with persistency n increasing ur clientele, u will accomplish d task, keep trying, keep praying , keep researching. Keep on d good work, the sky is d limit
Note dont try to want to eat alone, keep good relationship both with d company n with ur financier, or supplier, so they feel comfortable dealing with u next time. Best of luck
Next will be trading when u have finance
Next will be trading when u have finance
Groundnut from local markets in Kano, that u buy n supply to companies that produces peanuts
Hibiscus flower from local markets, that we supply to companies that r into exports
