Cost analysis in chin-chin production@samuelcynthia

in hive-136677 •  3 years ago  (edited)

Good evening great minds, am so delighted to be here again, hope we all had a great day? Am here again to discuss on the topic that says;

COST ANALYSIS IN CHIN-CHIN PRODUCTION

Now someone might ask, what is chin-chin?

Chin-chin is the combination of flour, sugar, magarine/butter, baking
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powder, milk, nutmeg and other optional ingredients like egss, etc. You get a dough after combining them which is deep fried or baked as the case maybe.

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Chin-chin business is a profitable business, it's lucrative and a good business to venture into since it's a snack that both big and small consume.
However, profit on chin-chin business will depend on how you present/package your

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products, also the quality matters a lot, your environment/location and some other factors are very necessary in this business, so if you are thinking on the business to venture into with a low capital, think no more, because chin-chin business is one that will give you returns that you least expected.

Now how much can one really invest in this business?

Funny enough, you can start your chin-chin business with a start up capital as low as #5,000 -#10,000 in Nigeria, although the inflation rate of baking stuffs are so high but that not withstanding, it's something achievable.
Now for this analysis, we are using #40,000 as start up capital; if you start with#40,000 and sell an average of #50 - #100 per satchets as the case may be, in less than a month, you will have your capital which is #40,000 back. So if in a month you were able to sell 50-70 satchets a day, you will make up to #75,000-#150,000 thousand naira in one month. Now for the analysis above, you can see that the more you increase your production, the more money you make. This should also give you an idea how much you can earn annually in chin-chin business. Chin-chin business is a business that can give you 50% return of your investment, therefore, it's a good business to venture into. On my next blog I will also give you the analysis of peanut production.
I hope you all enjoyed my analysis on chin-chin production. You can make cool money in this business, I can train you if you are interested to venture into the business. Thank you all for your time. I love steemit.
Thanks, cc: @xcool24

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Thank you @samuelcynthia for giving us the cost analysis of engaging in this SME.

You are welcome

Oh..wow, this was really helpful, a person can actually start this business with as small as #40,000 which is approximately 200steem, amazing analysis. Thanks for sharing.

You are welcome