SEMINAR RECAP ON THE TREASURED ENTREPRENEURS ASSOCIATION TEA HALL OF WEALTH MEMBERSHIP GROUP PAGE….
👉🏻Theme:
❤ HOW TO START A GOLD JEWELRY BUSINESS IN NIGERIA i.e NECKLACE,RINGS,WRIST WATCH etc….
🎤SPEAKER/FACILITATOR/DISCUSSANT
🗣 Engineer Gboyega Kadiri
Good evening gentlemen and Ladies.
How has your day been sir/ma???
I hope it was splendid and we’re all back home avoiding the curfew???
Please, let us remember to stay safe and protect ourselves.
We shall prevail.
It is my pleasure to be here once more tonight to discuss a topic of great importance.
The theme for tonight seminar is
“How to start a GOLD Jewelry business in Nigeria”
No doubt, businesses are created for the purpose of making profit.
One of the best forms of investments in tough economic times is buying an item whose value would continue to appreciate and could be sold at a later date for a profit.
Gold jewelry business is one of such.
Start a gold jewelry business and you will be on the way to making a huge profit, as gold is the most gainful and unwavering raw material there is.
Buying and selling gold is a good investment with an attractive profit, and the most interesting part is that you can trade gold from home also.
We must also point out that buying and selling of gold jewelry in Nigeria is risky and one have to know the risk and benefits of the business before starting the business.
We shall briefly highlight below some of the proven steps to achieve success in the Gold jewelry business here in Nigeria.
1. Learn how to buy and sell gold jewelry :
Involving capital in business you don’t know is very risky. It is advised that you know how to buy and sell gold jewelry before involving capital.
Buying and Selling are two different things that requires separate knowledge to execute.
It is always preferred that you learn from someone already in the business.
2. Know the karatage of gold jewelry :
Gold in it pure form has 24 karat of gold that is 100 percent or 99.9 purity.
Most gold jewelry is made of 14 karat of gold or 18 karat of gold.
The 18karat of gold is made up of 18 karat as pure gold and mixed with another metal to complete the rest karatage of 24 karat.
This should be well understood.
There are method and tools used to detect karatage of gold.
3. Differentiate between real and fake gold:
The real deal is to know the difference between real and fake gold.
Real gold is not magnetized while fake gold do get magnetized.
The colour of the gold and the density of the metal can be used to detect and differentiate fake from real gold.
These are part of the things to learn from someone already in the business.
4. Choose a name for your business:
You have to select a name that will draw attention and sounds simple and interesting.
A nice name is also important for the success of a business.
We had once discussed how to chose a good business name for your businesses.
5. Register your business name:
It is compulsory to have your business name registered in Nigeria before starting a business.
Register the name so someone will not first you get it. If someone register it before you, the name will not available for you.
6. Find a supplier:
When you must have a gotten and registered a business name, the next step is to find a supplier because without a shop you can buy and sell gold jewelry but with a shop you will build more trust and get more customers.
A supplier must be in agreement with you on the price and how to be supplying to you whenever your customer is in need.
7. Setup a shop:
Even though not compulsory, owning a physical office or shop will build trust and makes you welcome customers to your shop for trying a gold jewelry or to visit you whenever they want to.
A shop is the first thing that brings trust because online scammers are growing with different strategies everyday making it difficult for online visitors to turn to potential customers.
8. Create social media accounts:
Social media accounts are the faster means to attract customers to your business online.
It allows customers to see your business very closer them.
Most of us today spend more time on whatapp, twitter, Facebook and Instagram.
Keep pushing your business down the throats of your potential customer.
It has proven effective in improving sales
9. Start a Marketing Campaign:
There are different ways to advertise and market your products.
Online and offline methods are also important to grow your business and brings potential customers.
Online mainly involves the use of social media. Offline marketing can be face to face meeting of potential customers, word of mouth, flyers, banners e.t.c.
10. Start selling and Buying:
Finally, Lets talk about the money making aspect of everything we have discussing.
You buy or collect gold jewelry from your supplier and sell to your customers to make profits.
You can also buy from your customers and sell to your supplier or to another customers to make profits.
There are no limitation to the profit you can make from gold jewelry business daily. It determined by the grace of God and your hard work.
This where your marketing skills and ability to convince customers come to play.
It is pertinent to mention that you should try as much as possible to avoid a lot of debts also.
Hustle, work hard and pray harder.
Make friends and new connections to build your network.
Keep on learning and improve your entrepreneur skills.
Also note that sincerity is one of the key ways to gain trust and keep customers.
You can surely make very good money from buying and selling gold.
However, you need to take time to learn all the ropes before you jump into the business because it’s a business with high risks, and unsuspecting beginners may easily fall into traps and be duped by unscrupulous gold traders.
This is where we shall drop the curtain on tonight seminar
Thanks so much for the attention.
Stay safe everyone…..
TREASURED ENTREPRENEUR ASSOCIATION 