Look for Places to Buy – There are many places you can get palm oil very cheap and in great quantity in Nigeria. It is available in bulk in various parts of Ondo State. It is also available in Edo State and Ebonyi states.Transport Your Goods – If you have your own truck or van, that will be fantastic but if not, you would have to make do with hiring. Buy everything you want to buy, get a truck to transport it to your base and store it in your shop.
There are times in the year when you may get this product at N13, 000– N15, 000 per 25 litres. If you can get it in quantity during the time of surplus and store it for some months, you will sell at 100 per cent profit. It is usually surplus around December to April and sells at the highest around July to September.
If you invest N500, 000 and wait for 4 months, you will most possibly make N500, 000 or above, depending on how much effort you put in.
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