Forecast your profits!
We have a free service for our registered customers that helps you plan your way up the million naira profit ladder, and keeps record of the money you are making. If you plan your sales properly and you stick to the plan based on the variables you use, you will do very well in this business.
How does it work?
We clearly understand that profit margins are not fixed and they vary from fabric to fabric, but in order to create a sales plan, it is important to be able to calculate how much yardage you need to sell in a day to accumulate a specific total amount of profit within a period. For a start, you can begin with a 3 months plan. How much yardage of fabric do you need to sell at ₦200 profit per yard from January 1 to March 31 to make ₦300,000.00?From the calculation, all you need to sell per day is 16 yards of fabric, and guess what - one customer can buy 16 yards of fabric from you and you have already met your sales target for that day. So what are you waiting for?
Once you get your result, it would help you create a sales and marketing plan that would align with that goal. The secret to this business is simple. There are fabrics and there are fabrics. Depending on who your target market are, there are fabrics you can sell at a profit of ₦50.00, and there are fabrics you can sell at a profit of ₦10,000.00 or more. The higher the quality, the higher the price, and the higher the price, the higher the profit. The business is easier than you imagine it.