Ways
to Start a Roasted Yam Business
Best
Locations
The best locations are close to a shopping complex,
government offices or secondary school. Roast yam is a snack that is eaten as
breakfast, lunch or dinner. Make sure you operate in a commercial or urban
area.
Tools
of the Trade
The tools of the trade are basic and easily sourced in the open market. You need a locally
fabricated grill, knives and bowl. The heating mechanism in the grill is either
firewood or coal.
- locally fabricated grill
- knives
- bowl
- firewood or coal
- How to Start a Yam Business
- How to Start a Fried Yam Business
To secure startup funds try target saving or borrow from
friend and family. The amount you need depends on cost of yam, coal and rent.
Many roasted yam sellers find empty plots and take
permission from residents. The plots are usually used free of charge without
any leasehold.
Other ways to raise funds include borrowing from a thrift
society, commercial bank or community bank. You can conveniently start with
less than $300(N 20,000).
You need a credible source to buy the yams. Yam is
abundant in northern Nigeria and south eastern states. Buy from farmers in you
locality or remote village. You can also get fair prices from wholesalers.
- Buy from farmers
- Wholesalers
- Market women
Profit
The profit margin is very low because of the skyrocketing
price of yam. The best way to augment income is to add other food items. You
can add sweet potatoes, beans fried fish and corn. It is possible to make N1500
to N4000.
Marketing
and License
A roasted yam seller is not required to incorporate a
business name. Same apply for marketing because all you need is a small sign
board. Startup is low and very low maintenance.
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