For a very long time, Nigerians exclusively exported crude oil, and all other natural resources that could be exported were ignored. But fortunately, it seems that everything has changed these days. Nigerians have now discovered other products that are in high demand in the international market and readily available in Nigeria. And now, the export market in Nigeria is booming like never before.
Charcoal is on the list of highly profitable and easily available products for export. You can make huge profits effortlessly just by exporting coal to foreign countries, especially European countries. Many Nigerians have become overnight millionaires simply by participating in this highly lucrative business.
In this article, you will learn the basics of a charcoal export business and also learn how to start your own charcoal export business without breaking the bank. so-called “export agents”. Also, here is a wood briquette business plan for those who are serious about investing in this business.
How to make money exporting activated carbon
- Country where activated carbon is purchased
Although there are markets for activated carbon on other continents, the largest market is in Europe. So, when you want to start looking for buyers, you should look to countries like Germany, UK, Italy, Spain, Belgium and Poland to name a few. .
You don’t have to worry about competition in this industry because the demand for charcoal exceeds the supply in every way. Although there are many other countries where activated carbon is produced (such as Thailand, Malaysia, Brazil and some other African countries ), the Nigerian type is preferred over the others in most cases, as it is considered to be of higher quality. .
- What is activated carbon used for?
Of course, if you start selling a product, you need to know how your customers will use the product. This will help you understand how to best run your business. So what is activated carbon good for? ? Mainly used to purify water and other liquid substances.
Getting clean and uncontaminated drinking water is a problem in today’s world due to environmental pollution; our rivers, seas and oceans have been polluted, preventing us from having access to clean, natural water. Therefore, it has become necessary for us to find ways to purify drinking water without destroying the nutrients and benefits that natural water is supposed to provide.
One way to do this is to filter the water with activated carbon. If you’ve ever seen a black substance in a water filter, it’s activated carbon. Interestingly, the concept of using activated carbon to purify water is not new; it has been around for ages and was used for this purpose 2000 years ago. But now, it is industrializing more than ever.
Filtration is not the only use of activated carbon; it is also used in the medical industry to relieve gastrointestinal problems such as indigestion, flatulence, food poisoning and other health problems. It is also used for heating. As you already know, it is very cold in Europe and they use their home heating systems to survive. Some of these systems run on charcoal.
There are three main ways to make money with this business; You can choose from one of the comprehensive exporters, brokers or product experts.
3 ways to make money with activated carbon
a. Charcoal Export Broker
There are many people who want to invest in this business and they have the funds but lack the necessary time and knowledge. As a smart businessman, you can take advantage of this opportunity to find willing investors to spend the necessary funds to run the business. You then split the profits with them at the end of the day. You can even form a group of investors in case you cannot find any investors. For example, you can bring together a group of three to four investors under one umbrella to run the business and share the profits together. You can start here and before you know it, you’ll be an exporter yourself.
b. full time exporter
You can also export full time. This means that you will have to manage the processes of registering as an exporter, sourcing goods, shipping, finding customers and all other activities related to exporting charcoal. However, for to enter the industry at this level, you must have sufficient business knowledge and experience.
vs. Product Sourcing Expert -: Finally, you can become a food procurement expert who simply focuses on helping exporters extract charcoal for export.
