Challenges of the Crayfish Selling Business in Nigeria | Risk in Crayfish business

As a business person who wants to go into crayfish business, you have to factor in the risks and challenges involved in selling your crayfish. There is no business that exists with challenges and the crayfish selling business is no exception.

What is the major challenge of selling crayfish?

The major challenge of this business is that crayfish diminishes in size with time. As such, you must sell your products as quickly as you can.

So, once you buy your crayfish, try as much as possible to sell them in record time, this is because if fresh crayfish stays longer than usual, it reduces in size and it will be very obvious to you that the size has changed as opposed to when you first bought your crayfish.

What is the major challenge of selling crayfish?

Another challenge of this business is that the product develops mold after a while. To avoid this, you need to rid the crayfish of its moisture content as much as possible. Buy well dried crayfish or be ready to sundry it to cut-down losses.

Try as much as possible to ensure that there is no moisture content in your crayfish as this will lead to it developing molds or it will become ant infested, and you as a dealer wouldn’t want this as it will be bad for your business, giving you great losses that you wouldn’t like.

What is the major challenge of selling crayfish?

Price Fluctuations!

Chai, this one worst o, just within a space of 1 week, the price of crayfish can fluctuate between 5k to 10k. That’s as crazy as it can get. So when it’s cheap buy as much as you can. When it’s high buy little. Hope this helps!

Here what a seller said: “Prices are not stable. Sometimes you buy at high cost and then the price comes down. You will then be at a loss”

What is the major challenge of selling crayfish?

When you go to buy your crayfish from your supplier, ensure that it is not stuffed in the bags with dirt as some crayfish sellers do this to give the bag a full appearance. Make sure you do not fall victim else you will lose your hard earned customers and their trust. Check thoroughly your goods that you have ordered on wholesale before transporting them to your warehouse location to avoid stories that touch.

“when buying your crayfish, ensure that it is not packed along with dirt. If your products are dirty, you are likely to lose customers.”

What is the major challenge of selling crayfish?

Delays! Delays!! Delays!!

Another challenge you can face in crayfish business is the delay in supplying your crayfish. Your crayfish supplies may take longer due to unforeseen circumstances and this may negatively impact your business. Police can delay the driver, “car fit spoil”, accident fit happen, human factors also. Be prepared for it, plan ahead and you will be alright.

What is the major challenge of selling crayfish?

Bad Creditors/Debtors:

Hmmmn, don’t pray to ever meet this set of people. They will run you down. Better sell to those that pay instantly, even preorder if possible. This will help you prevent stories of “come today, come tomorrow”. At the end, you will find out that your money will be tied down and you will not make any significant progress. Try as much as possible to reduce the way you sell your crayfish on credit, it will cost you dearly.

Crayfish business is great and anyone can venture into it and succeed as you do not need to go to any special school to learn the rudiments of the business. It comes with it’s own challenges, but it is something that can be sorted out if you pay attention to details. This business generates great profits because it is in high demand. If you really want to achieve success in this business, you should treat it very seriously and with time, your business will blossom.