Making Profit From Wholesale Fabric Business

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Fabric business is a very good and lucrative business, the CEO, Faite Marque Ventures, Abimbola Adepoju-Bonire told LEADERSHIP WEEKEND.

Before one can venture into the business, he or she must have passion for it. “Passion is the first thing that will motivate you into doing the business. You must also be a fashion lover. You must love fashion and love to look good as well. You must also know the latest fabric designs. For instance, I love looking good and it gives me pleasure to see people around me looking good as well. I have passion for fashion.

“The first thing I did was to understand the market very well. I then move my business in that direction. It didn’t take me much time before I started having customers. “Whichever way, you can be rest assured that there is huge profit. I didn’t start my business with big money, I started it 15 years ago with just N3,500. I remembered going to Yaba, to buy chiffon which was sold for N100 per yard. I will then sew them and sell them.

She however pleaded with the Central Bank of Nigeria to grant the fabric industry access to soft loan.

 

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