How to start akara business in Nigeria

Akara is one of the most profitable businesses and easy to start. If you are interested in doing this business model in this blog post, I’m going to work you through everything you need to know, and how you can become successful. To know how, continue reading…

Step 1 . Decide if it’s your business choice.

Most people that start Akara business have already decided it is the business they want to do. Before you go ahead and invest your money, take some time again to think if it’s your business choice.

Some people look at akara as a poor business; why? Unknown, those doing it are making a lot of cash to their bank than some businesses in Nigeria.

Step 2. Create a business plan.

You will need to create a business plan for the Akara business. The reason why you need to create plan is that is going to guide you on what to do, just like a map that will guide you to follow the right road to ensure you did not fail in the process. How to write Akara business plan.

Write down the business startup cost.

This business model requires money to start, no matter how small it is. Write down how much you need to start the business. You can figure it out by writing down all the things you need, like ingredients, equipment, rents, and unseen expenses that might want to occur.

Write down your target customer

Different people buy akara on a daily basis,  write the type of people you want them to patronise you. You can target them all because adults, children, and old man and  women purchase akara. 

Write down the location you want for the akara business.

Write down the location you like to operate your business whether it will be closer to your house or far away because of privacy. Also the bus stop you will like your business to be located.

Think it very well to see which one favor you the most. Some people do business far away when they are done for the day, they will  locate go where they came from.

Far location : Doing business far from home or near home  have their advantage and disadvantage. For example, if you do business far away, people in your community won’t know how your business is progressing to attack it, the disadvantage of it that you’ll be spending a lot of money for transport depending how far is the place.

Near by area : the advantage of doing business in your area is that you quickly accumulate a lot of customers because people already know you and you’re not going to waste transport money which you can save to your bank account.

Sit down carefully to check which one that really suitable to you which won’t affect any area of your life like marriage, children, and other activities that are important to you.

Step 3. Raise capital for the akara business.

If akara business is your business choice, the next step is to have capital.

Because no capital, no business.

But how much do you need to start an akara business? You’ll need the sum of ₦50,000 to ₦100,000. If you don’t have this kind of money at the moment there different ways you can raise capital for the akara business; which are pretty straightforward.

Friends and family

Your friends and family can be a good source to raise capital; if you have anyone that you are in a good relationship with, meet them in person to lend money.

If they don’t have it, don’t force them, because they might have something to do with their money. If they borrow you the money, invest the money directly in the business.

Bank.

You can lend money from a bank, but it will be funny if you want to borrow a loan for akara business, they will look at you some of because you can also it from scratch apart from that that’s one requirement document you need to have in place to receive the loan.

The best methods to raise capital for Akara business are via saving money. Why ?because at the end the day when you start the business and start succeeding, you won’t be owing anyone money, all profits will be completely yours.

Loan app.

Loan app is another best option to lend money to start akara business. Find legitimate loan app, register and submit the loan app requirement ( bank account, bvn, NIN ), request the loan amount you need, if you’re qualify you’ll be given the amount you requested which will be deposited in your bank account.

• Fairmoney
• Okay
• Kids
• Okay
• UBA
• And the rest of them.

So far the loan app i makes use of or people around me make use to lend money is Fairmoney because their interest rate is not that much like the rest. If you make use of anyone and it good for you, kindly share them below in the comment section.

→ Note : There are other methods you can use to raise capital for a business. But it won’t make sense for Akara business. You can check it out if you want to learn about them.

Step 4. Find a location to sell akara.

Location is very essential to start a business because that’s where you’re going to sell akara to make money.

If the location is bad, it is going to affect your business, that is, you’re not going to sell well. When you want to find a location, you should take your time very well.

Tips to find a good location.

• Find locations in bus stops; this place is very crowded with people who can be interested in buying akara.
• Find three junctions that are busy with people passing by.
• Find a location that is near the gutter side; most people that start akara business in Nigeria choose the gutter side and are doing well.

Step 5 : Rent and pay for the shop.

If you have found a good spot, meet the real owner and pay for the rent. Ask question before paying rate to avoid giving the money to the wrong person. If you have confirmed the person isl the rightful owner of the place you should cheerfully give me her collect some we sit for evidence in case any she want to happen upfront.

Step 6. Purchase all the necessary equipment.

Without equipment you won’t be able to do the akara business; you need to set time to purchase the necessary equipment.

Equipment for akara

• Blender and grinding machine – You can use those grinding beans and pepper machine if you don’t have money to purchase it yourselves.
• Buckets
• Spoon
• Nylon
• Big frypan
• Serving material – this can be nylon or paper….
• Cooking Gas
• Vegetable oil.
• Strainer – to remove; cannot tell the akara body (iron filter basket )
• Table – To put your akara on it
• Umbrella
• Stood
• Hand fan

Where to purchase all the akara equipment. The different place to purchase, find the nearest market in your community to purchase most of them. If you don’t have an idea where they are selling it, you can ask those in your area to direct you.

Step 7. Purchase all the ingredients.

To make akara you have to mix the ingredients ( it a process ), put it on a hot groundnut oil then wait still everything is settled. So the ingredient to make akara are the following.

• Beans
• Groundnut oil
• Onion
• Pepper ️
• Bread

Step 8. Set up the akara shop.

Before you can start selling, you need to set the Akara shop and environment according to the way you want it.

You know your taste. So arrange your shop the way that suits you. But keep it in mind to make it well organised.

Step 9 – Start selling akara business.

If everything is set, plan a day to sell akara to people. If you have set the day fulfilled as your promise to do it.

Grind the beans, mix the necessary ingredients, fry them, and don’t allow it to get burnt because it’s going to change the taste, which will make it awful.

Some people sell their akara from morning to evening time, while some people sell only in the evening time. You should choose the one that is best for you. Don’t fry much akara on the first day because people have not yet noticed your blusiness.

If you’re lucky, you can sell so much on the first day. But according to many reports, the first time market doesn’t boom. Don’t be discouraged if this happens to you, because it also happens to other business models in Nigeria. Give it time – let people know you well. It can take 3 to 7 days to start seeing business turn up.

Maintaining akara business and becoming successful.

Step 1 : Come at the right time.

Those who have become your customers already know the specific time you start business. You should always meet the time; if you are just missing the time, many of them will be discouraged and go to your competitors.

Step 2 : Respect and appreciate customers.

Every customer is valuable no matter great and small. You should appreciate every one of them.Thank them for patronising your business, it’ll make them love coming back, and again if someone starts the same  business near you ( because some people will dare you, their intention is to grab your customer to themselves ); those your customers will still keep on patronising because of your friendly attitude.

But if you are bad to them in the beginning of your business, if someone start akara business near you you will lose a lot of them to your competitor. So stay humble to maintain customer love. Don’t be surprised when somebody start Akara business near you, it very common in Nigeria, if you look around Lagos or other part of Nigeria, you will see different [ POS business ] owner in the same location which is bad and causes low sales rate. These people are trying to survive in Lagos, but land owner don’t care but only for their pocket, although I’m not here to judge.

Pro tips : whenever you give customers Amara, try to smile at them in a friendly manner. This will make them feel welcome  that you have a simple spirit. People don’t like to buy something where they are going to receive numerous insult no matter if what they’re buying is delicious. I believe you are part of them. So learn to smile, if unfortunately, you can’t smile , you can learn it via blog post [ learn how to build customer relationship.], video e.t.c.

Step 3 : Maintain cleanliness and clean environment.

Those who are buying akara from you are watching if you are really clean; not everybody is dirty. If they discover that you unclean person, many of them will stop buying from you, and can also tell others people how you are dirty which can stop them also from patronizing your akara business.

You should take your time to make your  environment clean and your equipment ( bucket spoon, rubber, e.t.c).

Before you start making akara, you should sweep all the surrounding and wash all rubbers ensuring they are always clean to avoid mosquito coming the environment. If you find yourself too occupy to take care of your surroundings, hire your friends, stranger or you can tell your children if you have one to help you maintain your business.

To be honest to be clean is very difficult, you will have to sacrifice a lot of time which is stressful.

Just do it, so important, so you can succeed in your business, because it won’t make any tangible sense to start business at the end of the day the business shutdown. Most Nigerians know how to use their mouth to ruin business. So be really careful.

Step 4 : Make quality akara.

Good Akara = More sales.

If your akara is bad, forget it; no one will patronise it. Even the little customers you have gathered for yourself will, at the end of the day, say goodbye.

Make your akara delicious, then you get a lot of them coming back for more.

Pro tips : If you fry any akara, give one of your customers a piece and ask them what they think about the taste. If they say positive words, that is good, but if you hear a bad review, you should not be offended but take it as a correction to improve. You can give more than one person akara to see their report.

Step 5 : Hire workers.

If you are making a lot of sales to serve customers, it will be overwhelming from frying to the wrapping it in nylon before giving customers, which can negatively impact your health. To avoid all these things from happening, hire someone that can help you.

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Is AKARA business profitable in Nigeria?

The akara business is absolutely profitable; if it is not, nobody is going to do the business.

If you check the street in Lagos, you will see one or two people selling it to people; those who are selling akara make from ₦5,000 to ₦10,000 per day.

Best place to sell akara

Every business have the exactly place that move market for them, in the case of akara business, it also have his own suitable place to sell it.

If you choose anyhow place at the end of the day no matter the amount you invest into the business it will struggle and end up closed.

Best business location stay to sell akara are

• Roadside.
• Side of gutter ( people just love buying akara from those staying beside gutter. There just something special about their Akara, people wait patiently to buy from them ( I believe you have buy Amaka near gutter side. )
• Three junction.

So what’s your plan to start beans business, let me know in the comment section. Although if you are scared beans business is profitable is not that risky.

Source : NigLearn