How to Make Shoe Polish
Equipment and Chemicals
Chemicals
Paraffin wax
Paraffin oil
Dye stuff (different colors)
Equipment
*Source of heat, which may be gas burner, stove, firewood or charcoal for dissolving the wax.
*Small mixer,
*scale balance for weighing
*Pot
*Pouring utensils and
*Cooling equipment for the wax to set.
Production Procedure
Production Procedure
*Put the pot on your source of heat
*Put one lump of paraffin wax into the pot and allow to dissolve
*Add about one liter of paraffin oil
*Heat up until a homogeneous solution is formed
*Add one quarter of the required dye (i.e. the type of color of polish
you wish to produce)
*Stir thoroughly until an even mixture is formed
*Pour into your containers and allow it to cool
*Package and store in cool dry place for sale.
Economic Viability:
This production process could be done with a start-up capital of about twenty thousand Naira (N20,000) as of the time of writing this. Since the shoe polish is a daily consumable, its return on investment could be 100% annually. But be reminded that, since you are starting out, you need some razor sharp marketing skills.
Target Market:
As stated above, you need good marketing skills, which is of course one of the skills of a good entrepreneur. You may decide to hawk your product from house to house, creating awareness for it, you can go to schools, announce in your church and other churches, go to shops and supermarkets, etc.
Economic Viability:
This production process could be done with a start-up capital of about twenty thousand Naira (N20,000) as of the time of writing this. Since the shoe polish is a daily consumable, its return on investment could be 100% annually. But be reminded that, since you are starting out, you need some razor sharp marketing skills.
Target Market:
As stated above, you need good marketing skills, which is of course one of the skills of a good entrepreneur. You may decide to hawk your product from house to house, creating awareness for it, you can go to schools, announce in your church and other churches, go to shops and supermarkets, etc.
But
make sure to offer you product at a lower price than what is obtainable
in the market with other products. Remember there are other polish products
already in the market, so the key to success is to make good quality product
and offer it at a reduced price, if not your product will remain in the shelf.
Contact us for help through the comment box.
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