essential part of many businesses and has been for generations. This presentation will dive into the realities of the business in Nigeria and abroad. It will look at the various roles that middlemen play and how they impact industries in the country. Finally, we will explore ways middle persons can adapt to changing market demand and technology to become more efficient in their work.
There are several advantages to starting these types of businesses. First, it is relatively easy to set up such a business. Second, startups have little or no need for initial capital investment. Third, the operating costs are relatively low, depending on how the business decides to operate. Finally, such businesses have the potential to generate high levels of income with infinite returns on investment with zero initial investment.
Technology influx has enabled startups to own commerce platforms online, with delivery arrangements of order fulfillment handled at the producer or manufacturer’s end. This is the era of drop shipping and a fast-growing space worldwide.
Furthermore, if you’re looking to expand your middleman business , there are a few things you need to keep in mind. First, research the target market. What the customer wants to buy starts the entire process every time – It is not about you, but all about the customer. What are the potential customers like? What do they need? What are their buying habits? The more realistic your answers, the more profit you can make. Once you understand the target market, you need to find a way to reach them .