A lot of people have requested I write about okrika business. I mean, the demand for this article was so high that it
left me wondering for a moment. What’s the buzz about okrika business? I never would have known until I went
on a research. This business is a hot cake and very lucrative. Freaking lucrative if you ask me again.
WHAT IS OKRIKA?
Okrika is a native Nigerian name for used or second hand wears. Wears can include shirts, trouser, pants, bags and
belt, shoes etc. any wear that is used or second hand is regarded as okrika.
How can you start okrika business and make money here in Nigeria? That’s the purpose of this article. But before
that, let’s take a look at the WHYs.
Why should you start okrika business?
Why is okrika business lucrative?
WHY OKRIKA BUSINESS IS LUCRATIVE
1. IT’S VERY CHEAP
One of the major reasons why this business is very lucrative is because of the high rate of demand. Like the old
rule says, the cheaper the price, the higher the demand. Everyone is going for fairly used because it looks new,
cheap and affordable.
2. TO LOOK GOOD
Fashion is the order of the day, when the rich flex and flaunt their wears, even the middle and lower class would
like to feel among, especially among the youths. With okrika, they have been given the opportunity to wear high
designer clothes at a cheap rate. The more reason okrika business is profitable.
3. LAST LONGER
There’s this popular beliefs that second hand clothes last longer than new ones. Whether it’s true isn’t the reason
why I’m here, but for the fact that many believe in this means there’s a market for you in this business.
4. CHEAP TO START
Okrika business isn’t like other business that requires millions of capital to start. It’s a low capital business and with
N50,000, you can start this business and make money.
5. NO TECHNICAL SKILL
You don’t need any special skill before you can succeed in okrika business. In fact, all you need is just one step and
you’re on your way to financial freedom.
HOW TO START OKRIKA BUSINESS IN NIGERIA
Having known the mouth-watering benefits of okrika business, let’s delve into how you can start this business and
make money. Before you take the steps below, I want you to first of all conduct your feasibility study. If possible,
draft out a business plan. Doing this means you’re serious for business and want to make money.
Many prospective entrepreneurs make the mistake of not doing their homework in regards to research and
analysis before kicking off. In the end, they fail and blame it on the business. Once you’ve done that, proceed
immediately into making this business a dream come true.
Before venturing into this second hand business (Okrika business), make sure you have already set money aside.
The amount you have we determine if this business is going to be on a large or small scale. Like I’ve already said,
okrika business is a low capital business which means, you can start with any amount and still make huge returns.
As the business grows, you gradually grow into a mega business venture.
2. BUSINESS LOCATION
This is what tells if you’ll succeed or not. Your location is very important. If you get it wrong, you’ll definitely quit
and cry. You need a buzzing location. A location filled with pedestrian traffic. When you get a good business
location, selling off your second hand wears becomes so easy.
3. GET A SUPPLIER
In this okrika business, you need a reliable supplier. There are many ways to go about this. First is by meeting with
a mega supplier here in Nigeria, someone who travels out or buy directly from ecommerce websites like eBay,
Alibaba etc. the second option will be ordering the products yourself by visiting these ecommerce websites already
Some people source from Katangua Market in Lagos. Some get from Contonou.
When you’ve gotten your okrika wears, your packaging is what brings in extra cash. I know some people in this
okrika business that buy them and sell as if it’s new. That’s because it’s clean, ironed and wrapped neatly with a
good scent. Take your packaging serious to avoid customers from under-pricing your products.
5. KEEP EXPANDING
When you kick off with this okrika business, don’t forget to expand, don’t forget to grow. Only when you are
growing, and employing more staff will you become a real entrepreneur. It’s never easy, but a thousand mile
journey begins with a step. Don’t ever forget that.
Second hand wear business, popular known as okrika business is a profitable venture that anyone can start and
make money here in Nigeria. It’s not capital intensive or technical at all. It’s easy and in high demand.