Have you been thinking about starting Steel Rods supply business in Ghana but don’t know how to go about it?
Worry no more, by the time you are done reading this article, you would get to understand how the business works and how to get started easy and simple.
How to start this business is actually not difficult at all and anyone can do it.
Like every other good businesses, steel rods supply business has good Return On Investment (ROI).
The profit could be much higher or lower depending on how much you buy.
The prices of iron in the market varies greatly and there are different price for imported ones compared to Ghanaian made.
Your target will always be to get product at the pest price possible, going directly to the steel companies to buy would be considered more profitable.
We choose to write about steel rods business today because it is very easy to start. Just a space by the roadside and your start up capital in your hands and you are good to go.
You don’t need to keep too many logistics and starting up expenses is highly minimized.
Another thing that really make this business one of the choice business is the fact that steel rods is one of the most used building and construction material in Ghana or anywhere in the world.
That makes trading on this material is very viable because you are sure of constant sales.
HOW TO GET STARTED
Get a space by the roadside in a developing area preferably. That is where the material sells most for average traders.
Big construction companies handling big projects like the roads, building of companies and other massive structures used to get their materials direct from the manufacturing companies.
Therefore, your target customers are mainly private and commercial building construction people. Once you have the space sorted out, you proceed to source for your fund.
You know how much you would be needing according to your the quantity you wants to start with.
The most popular steel rods in your target market is from 16mm downwards.
These are the most popular steels used for private and commercial building and concrete works in Ghana.
The best places to buy your steel rods is from the steel manufacturing companies, look for the one nearest to you and get your constant supply there. They usually take it to their customers once you buy in reasonable quantity.