Okrika Bale Clothes business is one of the most lucrative businesses you can venture into as a Nigerian. As you know, the Okrika bale business involves buying and selling secondhand clothes to customers or other wholesalers.
The price of Okrika bale clothes in Nigeria will always vary depending on the price of dollar to naira rate in the black market and official rate.
So, if you are willing to venture into Okrika Bale clothes and want to know the exact cost of second-hand clothes in Nigeria then you should keep on reading.
You will also get to know how to start an Okrika bale business in Nigeria, Okrika bale prices in Nigeria and Cotonou, where you can get bale bale suppliers with prices and many more.
Types of Okrika Bale Clothes in Nigeria
Grade A Bale
Grade B Bale
Mixed Bale
Shoes Bale
Winter Clothes Bale
Baby Bale
How to Start Okrika Bale Business in Nigeria
Research About the Okrika Business
One harm you can do to yourself is to start something without any prior knowledge of it. The first step you need to take is to find out about the Okrika business, know the hooks and crannies about the business, research tricks that will help you, find out possible problems you might encounter and create feasible solutions for them. By doing this, you’ve set yourself apart already.
You can also reach out to people who are already successful in the bale business and ask questions, and you will definitely stand out.
And lastly, understand and know the demand for Okrika bale in that area and see if it will be something you can do in that area.
Plan Your Business
Planning what you want to do ahead will save you lots of headaches and stress. Firstly, ensure you have the capital to start your Okrika sales business.
The amount of capital needed to start this business varies, but at the most basic level, you need about 150,000.00 depending on whether you are opting for clearance sales or even more.
You can also decide to venture into clearance bales, which are cheap, low-quality products that you can sell for less and still turn a profit, which is a good place to start.
But for quality sales, you have to buy top-notch Okrika bales and either sell them in bales or open the bales and sell the contents separately.
Find a Good Location
Getting a very good location is key to making good sales in Okrika business. Make sure you’re located in area with good population where 80 percent of passerby will see you. Bearing this in mind, there are three major areas you can locate your okrika business, they include;
- Roadside: I consider this as one of the best location for your okrika business, this is because many people will see you by the roadside. When you’re by the road side, be rest assured that you’re most like to pay “Area Boys” matching-ground money everyday you come there.
- Open Market: In this type of market, Okrika traders usually find a place and gather there to sell. People come there to buy okrika clothes. In this place competition is always high as there are many okrika sellers.
- Shop: This is the most expensive option because the cost of renting a shop in Nigerian city is very high. Also, you’re more likely to have less sales than people at the roadside.
Okrika Bale Price in Nigeria
The price of Okrika bales in Lagos depends on the type and quality of the bale. These prices can change anytime because of the price of dollar to naira rate.
You can find Okrika bales at wholesale markets in Lagos, such as Oshodi Arena or Yaba market. Some suppliers also offer customized bales based on your specific needs.
Price of Okrika bale in Lagos today
The price of an Okrika bale in Nigeria depends on the size, type of material and quality of the bale. A 100kg bale of first-grade Okrika in February 2025, costs around 250,000 Naira to start with.
- London Okrika Bale: ₦550,000
- Korea Okrika Bale: ₦550,000
- China Okrika Bale: ₦550,000
- General Okrika Bale: ₦150,000 – ₦550,000
How Much is a 100kg Bale of First-grade Okrika
The price of a 100kg bale of first-grade Okrika in Lagos, Nigeria is around ₦250,000 to ₦300,000. For real, a first-grade Okrika is of good quality and has the following characteristics:
- High-quality clothing: First-grade Okrika bales contain high-quality, gently used clothing items, such as designer or brand-name clothing.
- Clean and ironed: The clothing items are usually clean, ironed, and folded neatly.
- Minimal defects: First-grade Okrika bales have minimal defects, such as tears, stains, or missing buttons.
- Premium pricing: First-grade Okrika bales are typically priced higher than lower-grade bales due to their high quality and content.
- Good resale value: The clothing items in first-grade Okrika bales usually have a good resale value, making them a popular choice among retailers and wholesalers.
Where can I get an Okrika Bale supplier with a price?
You can find Okrika bale suppliers in Lagos at various markets such as:
- Balogun Market
- YABA Market
- Tejuosho Market
- Aswani Market
- Oshodi Market
- Katangua Market
How much is Okrika bale in Cotonou?
Okrika bales in Cotonou tend to be cheaper than those in Nigeria. For example, a 100kg bale of Okrika in Cotonou costs around ₦70,000 to ₦100,000, while in Nigeria, it might cost around ₦150,000 to ₦250,000.
Apart from the pricing issues, Okrika bales are more readily available in Nigeria, particularly in markets like Balogun and Katangua. But in Cotonou, Okrika bales are less readily available.
ALSO READ; Wholesale Price of Ankara in Nigeria
Tips For Buying Okrika Sales
Venturing into Okrika sales is something you need wisdom on when it comes to selecting. Here are a few things I feel will be helpful to you as you embark on the bale sales:
- Inspect the bales: Before paying for the bales, ensure you inspect the bales well to ensure they are of good quality and not damaged.
- Check for defects: You must look for defects such as tears, stains, or missing buttons.
- Verify the weight: Ensure that the bale weighs the advertised amount, don’t be rushing.
In conclusion, you now know that the Okrika Bale business in Nigeria is a thriving one driven by high demand for affordable, quality second-hand clothing.
You don’t need to be jobless for long because starting a business like this will help you make profits that you will be also wowed at.
Now that you now know how much Okrika bale cost in Nigeria, take your action now and start your Okrika bale business.
Mathew
