The real estate sector is a gold mine for building material
investors. Fitting account for 60% of capital invested in an architectural
project. Granite is one of such materials that is highly sort in the building
industry.
To start the business you need adequate funding,
qualified staff, and operational license. Others are trade knowledge including
good source of raw materials.
How
to Start Granite Tile Manufacturing Business
Write
a Business Plan
Write a granite tile business plan and carry out a
feasibility study. The plan should focus on sourcing raw materials, equipment
and labor. Find the ideal location, company incorporation, including number of staff.
- sourcing raw materials
- equipment
- labor
- ideal location
- company incorporation
- staffing
- start a tile making business
- Start a cement factory
- ceramic tile manufacturing
Study
your Competitors
To compete with established brands you need to study your
competition. Learn their prices, products, and marketing techniques.
Learn
the Trade
If you want to manufacture granite tiles you need to learn
the trade. Learn through practical experience, vocational training or apprentice
program. Read books, try internship, use online resources.
- practical experience
- vocational training
- apprentice program
- read books
- internship
- online resources
Funding
Fund the enterprise through bank loans. Seek long term loans
with low interest rates. To get a loan you need to open an account in the bank.
The bankers will study your credit ratings and request a deposit of 25% percent
of the loan.
Incorporate
the Business
Incorporate the business at the corporate affairs
commission as Limited Liability Company. Then get tax identification number, liability insurance.
Factory
The location should accommodate heavy loads and storage
facility. Make sure it is located close to source of raw material to reduce transportation
costs. Locate the business in a commercial area far from residential homes.
Hire
qualified Staff
The production process requires some technical knowledge.
Therefore hire experienced staff with knowledge of the manufacturing process.
Other staffs are drivers, accountant, secretary and manager.
Sourcing
Raw Materials
There are many quarries to source granite material. However
the prices differ slightly based on different factors. Conduct a thorough search
for best deals in your locality. You should also consider transportation costs and
the quality of the material
Marketing
There are many granite tiles manufacturers in Nigeria.
However the quality of the product and branding differentiates them. The craftsmanship
of the final product adds to the value and price of the tiles.
Reach your customers through advertisement publications
in newspapers or construction magazines. Use television advertisement, social media
and web ads.
Build
a Website
Build a website to highlight your products and services. Add
images of the product, description plus telephone number. You can build the
website yourself or hire web designer.