Nigeria has more than 250 ethnic groups and a population of 217 million. The domestic consumer market is huge. As a daily consumer product, toothpicks are selling well in Nigeria. Many friends hope to engage in the production and sales of toothpicks, but they are not clear about Cost Of Toothpick Production Business In Nigeria. Everfit has been engaged in international business for many years, and toothpick manufacturing machine is one of Everfit's main businesses. Let me popularize Cost Of Toothpick Production Business In Nigeria.
In the toothpick business, the costs that need to be considered are: raw material cost, machine cost, operating cost, taxes, etc. Each cost is related to the success or failure of the entire toothpick business
1. Raw material cost
Toothpicks can be divided into bamboo toothpicks and wooden toothpicks according to different raw materials. These raw materials are common bamboo and wood resources, especially bamboo toothpicks. Bamboo has a short growth cycle and low price. It is widely planted in Nigeria. For the manufacture of toothpicks, It is a very suitable raw material, the key is that the price is not high
2. Machine cost
Toothpick manufacturing machines can be divided into bamboo toothpick machines and wooden toothpick machines according to different raw materials. These two types of machines are combined with different equipment. For example, the bamboo toothpick machine is composed of 9 different machines.
3. Operating costs
Operating toothpick production requires many employees such as purchasing personnel, production personnel, and sales personnel. At least 5-7 production personnel are required. In addition, site costs, electricity costs, water costs, etc. are all expenses. Before, do a survey on the local labor cost, and at least formulate a salary plan according to a team of more than 10 people.
4. Taxes
For production and sales enterprises, taxes and fees are inevitable costs. Before starting a business, you should consult the relevant local departments to have a certain understanding of taxes and fees.
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