Use figures where necessary Simplicity and clarity. It is usual for the person who has the authority to approve your business plan for funding assistance to have a very busy schedule; also it is equally possible that business plans from other entrepreneurs are competing with your plan for funding.
Cosmetics — How to profit from the huge demand for beauty and personal care products in Africa Cosmetics — How to profit from the huge demand for beauty and personal care products in Africa View Larger Image Did you know that cosmetics, beauty and personal care products in Africa are a multi-billion dollar business opportunity?
If my guess is right, you very likely used soap in the shower this morning and applied some hair and body lotion afterwards? You probably put some deodorant under your arms and sprayed some perfume on your ready clothes? Why do we all do these same things every day?
The answer is simple: The volume of cosmetics personal care and beauty products you personally use every year should give you an idea of the scale of the personal care products business in Africa.
I wrote this article to open your eyes to the exciting business opportunities in this market and how you can make money from it! One of them, Renchia Droganis, is a South African beauty therapist who started mixing ingredients in her kitchen to make beauty products she sold in her neighbourhood.
Technically, cosmetics are any substances used to enhance the appearance and odour of the human body. This includes a wide range of body and skin care products from ordinary bathing soaps and tooth paste to designer perfumes and make-up. In fact, any product used to clean, beautify and promote the attractiveness of the human body is a cosmetic product.
Everyone, including poor people, will go out of their way to enhance the way they look, feel and smell. Besides helping us with our personal hygiene, cosmetics have become vital to our self-esteem and largely determine how other people treat us and our ability to influence them.
That modern Africans have a basic need for beauty and personal care products is only one part of the equation. This can only mean one thing — more demand for beauty and personal care products!
At the moment, there are more than million people on the continent who fit into this category. A significant majority of Africans in the middle class are young and educated city people who are very aware of and heavily influenced by modern trends in grooming, fashion and western culture.
Because most of them hold salaried jobs or own a small business, these guys and ladies have more spending money at their disposal. The current trend suggests that the African middle class will grow to 1.
As African economies are growing 7 of the 10 fastest growing in the world are Africanthe wealth is trickling down and Africa now has the fastest growing middle class in the world.
This is the main reason why hair products and extensions, skin care and make-up products are the largest and most lucrative segments of the global cosmetics market. Of course, these segments are targeted at, and dominated by, female consumers.
Every year, in addition to other basic cosmetics, women around the world are the biggest spenders on all kinds of make-up, skin care and hair products.
Higher education is allowing many middle class African women to pursue promising careers like men in the workplace. The cosmetics industry also known as the beauty industry or personal care industry can be broken down into five major categories as follows: This category includes all products used to make human hair clean and attractive — shampoos, pomade, hair gels, conditioners, coloring and dyes, relaxers and hair styling products.
The biggest spenders in this category are beauty salons and barbershops and women who use a wide range of these products. The needs of different types of human skin — normal, dry, oily and sensitive skin — is largely responsible for the size and variety of skin care products in the African market, and there are lots of local and international brands releasing new and more attractive products every year!
Nearly 30 percent of all cosmetic products sold in this market every year are in the skin care category which includes body lotions, skin moisturizers, cleansers, toners, anti-acne, anti-aging and facial products.
This category is so segmented that there are very many niches catering to several specific needs. The common products in this category are: This category includes bathing soaps liquids and barstoothpaste, shaving cream, hair removal preparations depilatoriesdeodorants, antiperspirants, sunscreens, toilet paper and several other items used in the bathroom.
Of all the cosmetic groups, the fragrances category is tightly dominated by major designer and celebrity brands.
Most of the available versions in our open markets are commonly knockoffs.Jul 19, · Starting A Cosmetics Business - Business - Nairaland Nairaland Forum / Nairaland / General / Business / Starting A Cosmetics Business ( Views) Cosmetics Business Vs Phone Business / How can I start Cosmetics Business In Nigeria (small Scale Business)?
Cosmetics Business Plan In Nigeria this Feasibility study on Cosmetics Business Plan In Nigeria is essential when setting up a cosmetic/ beauty shop and can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc.
Cosmetics Business Plan is a lucrative business that needs a lot of strategic Planning. Jun 28, · If you are interested in starting your own cosmetics business, be forewarned: preparation is the key to success. Cosmetics Business Plan In Nigeria Feasibility Studies PDF.
Our Cosmetics Shop Business Plan & Feasibility is Updated And Can Also Be Used To Obtain Bank Loans, Grants.
TABLE OF CONTENT FOR COSMETICS SHOP BUSINESS PLAN / FEASIBILITY STUDIES IN NIGERIA PDF. The cosmetics industry in Nigeria; How to start a cosmetic business in Nigeria; To get your sample Cosmetics Business Plan in Nigeria, pay N10, to: BANK NAME: FIRST BANK PLC.
ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM. ACCOUNT NUMBER: After payment, text your full name, email address and title (cosmetic retail business plan pdf) to Cosmetics Business in Nigeria.
75 likes. Association of Indigenous Cosmetics Manufacturers and Suppliers- ASICOMAS.