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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'dity from com'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'dity from com'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
