5 Lucrative Fast-Moving Consumer Goods You Should Invest In Today
The fast-moving consumer goods (FMCG) industry is one of the largest in the world. With successful billion-dollar companies like Procter & Gamble, Unilever, Coca-Cola, Nestle, Diageo, and several others leaving remarkable footprints through their massive growth and scale, the potential the industry has shown continues to open up even more opportunities for new and existing players.
While running a business at such a large scale is almost impossible for small businesses, taking advantage of the products sold by these major FMCG companies by reselling them, can get you running a profitable business in no time since their brand names are already known and trusted by millions of people in Nigeria, and billions others around the world.
If you’re thinking of starting a small business in the fast-moving consumer goods industry, whether as a distributor or as an original manufacturer, here are 5 lucrative FMCG industries you can invest in today:
1). Processed Food:
The processed food fast-moving consumer goods (FMCG) industry is one of the largest in the world. The undying craving by people to consume junk food; whether sold in an eatery, at a bus station, or in traffic is ever endless.
With popular choices like sausage rolls, plantain chips, cakes, biscuits, chin chins, noodles, spaghetti, and more, taking a stance as a high-volume distributor for one of the most popular brands in these categories can get you earning a substantial income in a short time.
Some brands to lookout for are Gala, Minimie chinchin, Indomie, Golden Penny, and several others.
Beverages are any liquid that’s not water, and this comprises largely of soft drinks, milk, juice, coffee, beer, and a lot more.
Every evening, thousands of people spend time around the country drinking a type of beer or the other. The same applies to soft drinks. When most people consume meals in restaurants, at school, at events, and even at home, they drink a bottle of coca-cola, pepsi, or some other soft drinks.
The reason the drink category is highly lucrative is because, millions of people crave the taste of these drinks before they even purchase them. Their habit loops are tied around gorging down a bottle of coke, and they remain restless until they’ve consumed it irrespective of whatever the health consequences may be.
You can take advantage of this popular addiction by becoming a supplier of beverage products to restaurants, club houses, event centres, and general retailers. The revenue stream is largely recurrent and would keep you earning a substantial sum depending on what scale you ply in a shorter time, than trying to build your own brand from the ground-up.
See Also: 5 Businesses You Can Start Tomorrow
3). Cosmetics & Grooming Products:
The use of cosmetic and grooming products have sky-rocked in recent years. Too many ladies around the world cannot leave their homes without wearing a makeup. It gets even more serious as a lot of ladies carry their makeups around with them in their handbags, to be applied at any instance they’re meeting up with someone important.
Since these FMCG products are always in use on a daily basis, manufacturing or distributing cosmetic or grooming products with the right execution can build up a large business.
If you’re thinking of acting as a distributor instead, some top brands people already patronize are Mary Kay, Black Opal, Elf, and several others.
4). Soaps, Detergents & Toiletries:
Almost everyone wakes up every morning to have a bath. When they use the rest room, they make use of the toiletries to clean up, and when they want to wash; whether with a machine or not, they use a detergent or bar soap.
Soaps, detergents, and toiletries are one of the most used FCMG products in the world. They’re so infused in our personal lives that we almost cannot do without them. While these items are sold are low prices, their high demand rate makes the business process worth it all in the end.
5). Baby Care Products:
According to Unicef, an estimated number of about 353,000 babies are born every single day. This figure largely implies that the market size for baby products increases daily and so does the potential revenue volumes. Some popular baby product brands that have made a mark around the world and in their specific countries are Pampers, Cussons, Honest, and a lot more.
Knowing this, you can become a distributor for a major baby care product manufacturer. If you’ve got quite a sizeable income and believe direct manufacturing is your best bet, you can first venture into producing cheaper baby diapers and diversify from there on.
What are your thoughts on these 5 lucrative fast-moving consumer goods (FMCG) you should invest in? Let me know by leaving a comment below.
Image Source: www.freshinternational.com