Starting a printing press business in Nigeria is a good way to leverage the rapid advancement of technology in Nigeria.
Virtually every day, people are always in dire need of the services of the printing press for several purposes such as typing of works, lamination, and printing of handbills, posters, and banners, among other services.
A printing press is one of the most lucrative businesses in Nigeria but it requires huge capital to start because of the heavy and expensive machines needed to run the printing press business.
This article discusses in detail the step-by-step guide on how to start a printing press business in Nigeria, the types of equipment needed to start a printing press business in Nigeria, and how profitable the printing press business is in Nigeria, among other relevant information on how to start a printing press business in Nigeria.
How To Start A Printing Press Business In Nigeria
Here is the step by step guide on how to start a printing press business in Nigeria.
1. Get Practical Experience
Getting real-time practical experience in how the printing press business works is a very important step if you must start a successful printing press business in Nigeria.
You can get real-time experience by attaching yourself to an already existing printing press within your area for a couple of months so as to get conversant with how the business model works.
This would help you to make informed decisions when starting up your own printing press business.
2. Write A Good Business Plan
A good business plan serves as the livewire of every business and also serves as a blueprint for the business which could be used to access the progress of the business from time to time.
Ultimately, a business plan should contain the structure of your business, how to raise the required capital for the business, your SWOT (Strength, Weakness, Opportunity, Threat) analysis, and your scaling plan, among other vital information about the business.
3. Raise Capital For Your Business
Raising capital for your business is the most vital part of every business.
You could raise capital from your savings, group contributions, loans from family, and friends, or loans from microfinance banks.
However, starting a business with a load is not advisable unless you’ve already started the business and want to scale up.
4. Register Your Business
Registering your printing press business with the Corporate Affairs Commission (CAC) is very essential as it makes your business a legal entity and also helps to build customers’ confidence in your brand.
After you’ve registered your business with the CAC, you should proceed to also register your business with any other association related to your business.
5. Rent A Shop
You should ensure that you rent a shop in a strategic location where there’s a high concentration of people and also an easily accessible area.
Your shop should be spacious enough to accommodate all your machines, equipment, staff, and customers simultaneously.
6. Procure Equipment and Machinery For Your Business
Ensure to do your due diligence before buying equipment and machinery for your printing press business.
The goal should be to buy the best quality equipment that would serve you for a very long period of time.
You’d only know the best quality equipment and machinery to buy only if you’ve worked in a printing press and had a real-time experience in the business which is why we recommend you go for practical experience in number one of this section.
7. Employ Skilled Labour
You cannot run a printing press business all by yourself.
You’d need to employ the services of skilled personnel who would help you in different sections of your printing press business.
If you could not find an already skilled person in the printing press business to hire, you can easily train your intended employees within a few days or weeks and guide them until they gain full mastery of handling the equipment and machinery.
8. Promote Your Business
Remember, you’re not the only one running a printing press business in your chosen location.
In fact, there’re people who already have an established and flourishing printing press business already in the location and they also have a good customer base.
Therefore, since you’re just starting out, you’d need to invest time, energy, and resources to create awareness for your business if you must have a fair share of customers within that location.
You can promote your business through the word of mouth, the printing of banners, posters, handbills, radio gingles, or even through social media.
How Much Does It Cost To Start A Printing Press Business In Nigeria
Starting a printing press business in Nigeria is quite expensive due to the heavy and costly equipment and machinery required to start.
The cost of starting a printing press business in Nigeria could range from N1,000,000 to N5,000,000 or even more depending on your location, niche, cost of equipment and machinery, etc.
Is Printing Press Business Profitable In Nigeria?
Yes. The printing press business is a very profitable business model in Nigeria.
As discussed earlier, starting a printing press business in Nigeria is capital intensive but has a very high-profit return if you have a large customer base and your shop is located in a strategic location.
Equipment Needed To Start A Printing Press Business In Nigeria
Here are some of the equipment needed to start a printing press business in Nigeria;
- Computer
- Binding machine
- Printing machine
- Cutting machine
- Laminating machine
- Generator, etc.
Submission
A printing press business is a very capital-intensive business to start but gives very high-profit returns.
This article discusses in detail how to start a printing press business in Nigeria, the cost of starting a printing press business in Nigeria, and how profitable a printing press business in Nigeria is, among other vital information about starting a printing press business.