Today, I am going to share with you something very important; it’s a tested and proven simple secret behind most successful brands. It is called the BS (BUY and STORE) tactics. So, I will be talking about how to use this method to make a reasonable amount of money with Palm Oil. However, it is important to note that this can be applied to anyother seasonal business. By seasonal, I mean, businesses are not available allthrough the year. You see, one of such businesses is the palm oil business.
One of the keep secret to this business is to know it season; a time of the year when this palm oil product is cheap. You see, the best time to start storing the red palm oil is January toApril, and from May the price will start going up because of rain. This means that, palm oil is cheap during the sunning season, and expensive during the raining season. Which means, the more we plunge into the raining season thehigher the cost of purchasing palm oil. So, you are expected to buy more whenthe price of palm oil is cheaper, to store and sell when the price is higher. Thatis why you must be very vigilant to know when to
Start selling as soon as the price starts going up if you wait too long you might be shooting yourself on the leg because the price of palm oil is very volatile. During one season, 25 liters may cost #7,500 and sold at #15,000 during off period. Although, some states have palm oil market, but you can also buy from wholesalers or from millers. Also, you can buy the fruit and pay a fee to palm oil millers to process them for you.
How To Preserve Palm Oil For Storage Business
This is actually very crucial; as there is no certainty of making any profit, if you can’t preserve correctly. However, there are some tips that can help you; even if you are just starting. So, I am going to share with you; 4 tips to store the palm oil correctly.
- Make sure there is a luck where you are keeping your palm oil.
- Make sure the place is also secure; by this, I mean, you can hire a security guide if you are investing greatly.
- Make sure you store the palm oil in secure drums or gallons.
Makesure you place the palm oil containers on pelleted woods.
Where You Can Get Red Palm Oil At A Cheaper Rate
There are so many places where you can get the red palm oil, but the red palm oil is cheaper if gotten in a larger quantity in the following states, such as Akwa Ibom, Cross River, Abia
I hope you enjoy this piece. If you have any question or contribution; you can leave it in the comment box bellow.