New business idea.

[CK485]

I just heard about this, but I also want to declare that in my country I don't have much enthusiasts about peanut oil, even though in my country I have fertile land, but here there are more who ask for coconut oil and palm oil. The average peanut is used for snacks and seasonings only.
In other words, if I start this business, I need a sustainable marketing because there is almost no enthusiasts at all.

But maybe if you think about it, regarding the superiority of kerosene and also the percentage of oil content in peanuts is more good than, palm or coconut every kilo, I am interested in doing so, but I still doubt the results, this is quite risky because it is not there the market. The price of peanuts is also quite expensive so this is quite confusing if there is no knowledge in managing its manufacturing materials in order to benefit.

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective. And you need to remember that if peanuts are only harvested once then it requires more capital and the production costs of farming are quite difficult, especially when managing the land you have to be a real expert in that field. If the harvest fails, the risk is extraordinary.

[bangjoe]

I just heard about this, but I also want to declare that in my country I don't have much enthusiasts about peanut oil, even though in my country I have fertile land, but here there are more who ask for coconut oil and palm oil. The average peanut is used for snacks and seasonings only.
In other words, if I start this business, I need a sustainable marketing because there is almost no enthusiasts at all.

But maybe if you think about it, regarding the superiority of kerosene and also the percentage of oil content in peanuts is more good than, palm or coconut every kilo, I am interested in doing so, but I still doubt the results, this is quite risky because it is not there the market. The price of peanuts is also quite expensive so this is quite confusing if there is no knowledge in managing its manufacturing materials in order to benefit.

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective. And you need to remember that if peanuts are only harvested once then it requires more capital and the production costs of farming are quite difficult, especially when managing the land you have to be a real expert in that field. If the harvest fails, the risk is extraordinary.

This is not a marketing problem, but we also need to look at market conditions, because there are many other alternatives, in my country palm oil and coconut oil are still relatively cheap, so the opportunity is quite small for peanut oil to become an alternative choice for the community to fulfill their needs, except that the price offered can be 50% much cheaper than ordinary oil consumed by the community.

In business governance, building it is much more difficult, especially for people who have never known it, it is relatively more ignored in the issue of consumptive products, the thing that needs to be considered for an entrepreneur is, what the community needs, and we can provide it much more and faster for the development of the market, so as not to incur large costs for marketing.

Yes we need to have time to do experiments if we want to try it and some stages I have to go through, but unfortunately at this age I don't think I have time to do business experiments like that, even though I found a video tutorial about this business, it will be much different when I start with Zero knowledge about the care and path of this new business, and capital also needs to be large after I think about it several times. anyway it's better to trade than farming.

[terrific]

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective.

It's actually the same for the other products. If there's a lack of marketing and branding, it's not going to be recognized easily.
But in a country where there is a huge competition and it's tighter. There's a need for every step to get recognized where you are marketing that product. It's a good idea though.

[Hewlet]

I would have posted this thread on my local board (Nigerian local board) but I didn't because both Nigerians and other countries can still benefit from this little business idea.
The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).

this information shows how the demands of the graundnut oil is in my country today is.
You can also watch a little on how to manufacture the graundnut oil, I can even invest more if I have this business and start making more money, so what are your takes in this idea?

I guess this is the first time I am hearing about groundnut oil business being something that could be done by the average person. I know red oil and kernel oil business is one of the most popular cooking oil businesses but I use to think that to go into the ground oil business you need to be registered with the government or something because most of the groundnut oil I do see around are mostly packaged in such a way that they appear mostly very sophisticated but I guess I need to do a bit of my personal research to know how easy it is to locally go into the groundnut oil business.

[Mame89]

I just heard about this, but I also want to declare that in my country I don't have much enthusiasts about peanut oil, even though in my country I have fertile land, but here there are more who ask for coconut oil and palm oil. The average peanut is used for snacks and seasonings only.
In other words, if I start this business, I need a sustainable marketing because there is almost no enthusiasts at all.

But maybe if you think about it, regarding the superiority of kerosene and also the percentage of oil content in peanuts is more good than, palm or coconut every kilo, I am interested in doing so, but I still doubt the results, this is quite risky because it is not there the market. The price of peanuts is also quite expensive so this is quite confusing if there is no knowledge in managing its manufacturing materials in order to benefit.

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective. And you need to remember that if peanuts are only harvested once then it requires more capital and the production costs of farming are quite difficult, especially when managing the land you have to be a real expert in that field. If the harvest fails, the risk is extraordinary.

Peanuts to be made into oil may be an alternative if there is a shortage of oil but it will not be a promising business, especially in my country. Because in my opinion, to produce oil, oil palm plantations are more efficient and productive compared to peanuts as an oil producing plant. According to research, one hectare of oil palm land can produce several tonnes of palm oil each year. This amount is more than one hectare of peanut plantations producing less oil from peanuts.

Apart from that, oil palm does not require large areas of land to produce palm oil in large quantities, and of course the maintenance costs are also small compared to caring for peanuts. Indeed, the quality is good, but as you said, the risks are big.

[wajik-tempe]

I would have posted this thread on my local board (Nigerian local board) but I didn't because both Nigerians and other countries can still benefit from this little business idea.
The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).

this information shows how the demands of the graundnut oil is in my country today is.
You can also watch a little on how to manufacture the graundnut oil, I can even invest more if I have this business and start making more money, so what are your takes in this idea?

I guess this is the first time I am hearing about groundnut oil business being something that could be done by the average person. I know red oil and kernel oil business is one of the most popular cooking oil businesses but I use to think that to go into the ground oil business you need to be registered with the government or something because most of the groundnut oil I do see around are mostly packaged in such a way that they appear mostly very sophisticated but I guess I need to do a bit of my personal research to know how easy it is to locally go into the groundnut oil business.

The groundnut oil company is a profitable operation that does not need a high degree of formality. It's a fantastic chance for people who have low means but a strong entrepreneurial spirit. While some firms may use fancy packaging, entering the local market with a great product might still have an impact. It's critical to investigate local legislation and quality requirements, but the business's accessibility makes it a realistic alternative for many.

[bangjoe]

I just heard about this, but I also want to declare that in my country I don't have much enthusiasts about peanut oil, even though in my country I have fertile land, but here there are more who ask for coconut oil and palm oil. The average peanut is used for snacks and seasonings only.
In other words, if I start this business, I need a sustainable marketing because there is almost no enthusiasts at all.

But maybe if you think about it, regarding the superiority of kerosene and also the percentage of oil content in peanuts is more good than, palm or coconut every kilo, I am interested in doing so, but I still doubt the results, this is quite risky because it is not there the market. The price of peanuts is also quite expensive so this is quite confusing if there is no knowledge in managing its manufacturing materials in order to benefit.

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective. And you need to remember that if peanuts are only harvested once then it requires more capital and the production costs of farming are quite difficult, especially when managing the land you have to be a real expert in that field. If the harvest fails, the risk is extraordinary.

Peanuts to be made into oil may be an alternative if there is a shortage of oil but it will not be a promising business, especially in my country. Because in my opinion, to produce oil, oil palm plantations are more efficient and productive compared to peanuts as an oil producing plant. According to research, one hectare of oil palm land can produce several tonnes of palm oil each year. This amount is more than one hectare of peanut plantations producing less oil from peanuts.

Apart from that, oil palm does not require large areas of land to produce palm oil in large quantities, and of course the maintenance costs are also small compared to caring for peanuts. Indeed, the quality is good, but as you said, the risks are big.

We come from the same country, sir, so for people in our country it is quite difficult, if you start a business with the development of oil from peanuts, I am has mentioned the reasons why this is not effective in our countries.

And indeed when compared to palm oil and peanut oil, it is clear that the long -term palm oil is much better and does not require excessive maintenance costs, it's just that the constraints are the area of the soil and the distance until the palm tree can bear fruit it requires a long term, while the peanuts Every time the harvest we need to plant it again and require a lot of other needs so that the planting peanuts can provide good results.

[CK485]

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective.

It's actually the same for the other products. If there's a lack of marketing and branding, it's not going to be recognized easily.
But in a country where there is a huge competition and it's tighter. There's a need for every step to get recognized where you are marketing that product. It's a good idea though.

I admit that it is a very good idea to develop, but I think the sales targeting should be among the middle to upper level, and it would be more effective if the promotion was to those with high incomes, and usually they will consider the quality of food/drinks including raw materials such as OP said that the oil is made from peanuts which are superior in terms of quality.

[Raceonsucced]

Making Oil From Peanuts

Indeed, this idea is very interesting to do if it suits marketing targeting, and I will try to provide several ingredients in peanut oil that might be considered.
Including:

Source:Health Benefits & Nutrition Facts - Drlogy

I admit that it is a very good idea to develop, but I think the sales targeting should be among the middle to upper level, and it would be more effective if the promotion was to those with high incomes, and usually they will consider the quality of food/drinks including raw materials such as OP said that the oil is made from peanuts which are superior in terms of quality

Maybe this will make it easier to deliver promotions, especially to people who are aware of a healthy lifestyle, of course they will definitely consider all that, and decide to try consuming it and if it is proven to be as beneficial as what OP shared, they will splurge on peanut oil products.

[terrific]

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective.

It's actually the same for the other products. If there's a lack of marketing and branding, it's not going to be recognized easily.
But in a country where there is a huge competition and it's tighter. There's a need for every step to get recognized where you are marketing that product. It's a good idea though.

I admit that it is a very good idea to develop, but I think the sales targeting should be among the middle to upper level, and it would be more effective if the promotion was to those with high incomes, and usually they will consider the quality of food/drinks including raw materials such as OP said that the oil is made from peanuts which are superior in terms of quality.

Depending on who are your target market, that's on you and how you're going to execute your plans coming from the marketing and to sales.
Well, nothing is impossible if you're determined in doing these things whether you have experience or none as long as you're pursuing it and you think that you can overcome the challenges in doing this business, that's what's the important matter is.

[jaberwock]

I guess this is the first time I am hearing about groundnut oil business being something that could be done by the average person. I know red oil and kernel oil business is one of the most popular cooking oil businesses but I use to think that to go into the ground oil business you need to be registered with the government or something because most of the groundnut oil I do see around are mostly packaged in such a way that they appear mostly very sophisticated but I guess I need to do a bit of my personal research to know how easy it is to locally go into the groundnut oil business.

Based on its term, I think I already saw this in my local. And take note, the people here are only average. It is actually more common to them than those who take it on the next level. You know, build a formal company and mainly use an equipment to produce it. There is already a groundnut oil business even before, and I think they are mainly use in the hair or hair products.

If you are a guy and less concerned about your hair, well you will rarely notice them. We think other types of oils are more common because they don't depend on gender. All types of business must be registered to the government. Not only they can now run at peace, it also gives a good impression to your customers.

[slapper]

I just heard about this, but I also want to declare that in my country I don't have much enthusiasts about peanut oil, even though in my country I have fertile land, but here there are more who ask for coconut oil and palm oil. The average peanut is used for snacks and seasonings only.
In other words, if I start this business, I need a sustainable marketing because there is almost no enthusiasts at all.

But maybe if you think about it, regarding the superiority of kerosene and also the percentage of oil content in peanuts is more good than, palm or coconut every kilo, I am interested in doing so, but I still doubt the results, this is quite risky because it is not there the market. The price of peanuts is also quite expensive so this is quite confusing if there is no knowledge in managing its manufacturing materials in order to benefit.

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective. And you need to remember that if peanuts are only harvested once then it requires more capital and the production costs of farming are quite difficult, especially when managing the land you have to be a real expert in that field. If the harvest fails, the risk is extraordinary.

Peanuts to be made into oil may be an alternative if there is a shortage of oil but it will not be a promising business, especially in my country. Because in my opinion, to produce oil, oil palm plantations are more efficient and productive compared to peanuts as an oil producing plant. According to research, one hectare of oil palm land can produce several tonnes of palm oil each year. This amount is more than one hectare of peanut plantations producing less oil from peanuts.

Apart from that, oil palm does not require large areas of land to produce palm oil in large quantities, and of course the maintenance costs are also small compared to caring for peanuts. Indeed, the quality is good, but as you said, the risks are big.

Although oil palm is a high-yield crop, its development often deforests, affecting biodiversity and climate change. Moving on to peanuts. Though less efficient per hectare, their production is less invasive and can be integrated into crop rotations to improve soil health. Isn't sustainability important in modern agribusiness?

Peanut oil has potential, especially in specialized markets. Quality matters, as you said. If we want a sustainable and diverse agricultural sector, shouldn't we try everything, even if it's less profitable? Any business model relies on diversification to reduce risk. Shouldn't we examine the long-term environmental and economic benefits of adding peanuts to our agricultural portfolio?

[Davian144]

I admit that it is a very good idea to develop, but I think the sales targeting should be among the middle to upper level, and it would be more effective if the promotion was to those with high incomes, and usually they will consider the quality of food/drinks including raw materials such as OP said that the oil is made from peanuts which are superior in terms of quality.

Marketing and sales targets must actually be carried out evenly, although business people must also consider certain groups for this. Because buyers from the lower class also want to buy goods or food of good quality even though this is only done occasionally in their lives. This means that business people must not forget about any circles that can be used as sales targets because business will also develop more when there are more buyers from all circles for certain products.

[gabbie2010]

I would have posted this thread on my local board (Nigerian local board) but I didn't because both Nigerians and other countries can still benefit from this little business idea.
The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).

this information shows how the demands of the graundnut oil is in my country today is.
You can also watch a little on how to manufacture the graundnut oil, I can even invest more if I have this business and start making more money, so what are your takes in this idea?

If you do not have huge capital, please don't go into this business, the profit margin is small. I have first-hand information, I am into farming, over 50 acres of land under cultivation and do plant groundnut and I understand the economics. Agriculture in Nigeria is a very difficult space to operate and if you are used to free money from Crypto, you are just waiting your time, so many factors contributed to these, the one hurting farmers most is the cost of the inputs (Herbicides price has increased over 100% within a year) how can you have a profitable business when the rate of inflation is so high, it eats into your profit margin

In addition the menace of Fulani herdsman who in there usual characteristics use their cattle to feed on farms illegally is another big challenge, I read stories of deadly clashes between family and herdsmen with makes family to be very risky and government isn't helping matter, though the groundnut output from such a massive cultivation really worth it subject to a fertile land plus herbicide and fertilizer the demand for oil is increasing rapidly it is almost used by food industries, household etc I think it's a good suggestion and idea for any interested farmer to take up the idea.

[Agbamoni]

OP, this is a good business idea. I think it will be of greater good you share the process or things that are involved in starting such a business. So that anyone who is interested and would love to go into this business in their respective country will know what he/she wants and hot to get those tools and materials necessary for the business.

Also, i would love to know, how can we plan for packaging in this groundnut oil business. Because i know there are lots of competition since there are companies who specialized in the mass production of groundnut oil and they are already recognized. In my country do many individuals prefers goods that are identified by the government and is registered in a government agencies. Because of that so many mini business are being affected and are forced to stop because of no reputable government association backing them.

[slashz9]

The fact that you didn't post it on your local board means you are gatekeeping this possible business, and you should have not because there might be some people in your country who want to join this venture with you.

Well for me, this is a good business to start as soon as possible since it is bullish, but I'm not sure how long would it still be in demand since your country is using many types of edible oil. I see your point here, you want to take advantage of growing demand of this graundnut oil which is good, but posting it here would be difficult to attract some investors. I mean you can try there is no problem with that and it's worth trying I believe.

why are you posting here, wouldn't it be easier if you posted in your own area, it's true that nowadays investors can come from far away but in my opinion things like that only apply to large companies,not an individual effort like this.

[Obari]

why are you posting here, wouldn't it be easier if you posted in your own area, it's true that nowadays investors can come from far away but in my opinion things like that only apply to large companies,not an individual effort like this.

There are so many investors we could think of in the system, we have both those investors that buys everything without any persuasion and we have the stubborn investors that have to wait and thoroughly go through any of the proejces he's interested in and he makes sure he's earning quite gigantic from his own part of the deal. Talking about the top whales, their visits seems life threatening, Posting for clarification and it does seems to be spreading legit or illegitimate informations concerning the projects that's generated in the system.

[tygeade]

I would have posted this thread on my local board (Nigerian local board) but I didn't because both Nigerians and other countries can still benefit from this little business idea.
The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).

There are 8 billion people in the world and 8 billion business ideas at least, probably more. It's not that it is impossible to find a business idea, everyone can find one, it's that not everyone do end up getting the same result, it should be important to notice that you are not going to end up with anything crazy. I get that it may not be all that crazy right now, but it's definitely a crazy good situation without a doubt. So all in all, I would suggest that people could look into these deals by understanding what they could do about it.

I personally try my best as much as possible, and that means we need to not look at every idea like they are great, we need to be careful with each idea that we get and maybe we could be wrong. I believe that it's going to end up being a little different and difficult, so it is not going to be all that easy. I understand it's tough to break into a new industry, and you need to learn so many things and even if you do, you will learn even more while doing it.

[|MINER|]

Very good thought.  I applaud your idea.  The idea of seed oil production is very good. I hope you can make a lot of profit from it. But I don't think you can start this business alone.  It should be initiated as a joint venture.  Look around you to see if anyone agrees with your opinion.  By producing grain oil you can earn double profit.  You can do something else with the remaining nuts. With the money you earn from here, you can invest in Bitcoin.

[idarasun]

What you are trying to say is unlikely to be an economic base or a business idea, as the forum is multinational and some countries are not agricultural, as in my country we export oil and there are rarely agricultural projects with good returns.
If the peanut oil industry is profitable, the biggest problem is the export restrictions, as being limited to the local market will not achieve good profits.
In my country, sunflower oil and olive oil are the most used, while peanut oil is rarely used.

It's true that the new business idea that OP explained is good, however i agree about export restrictions. This can indeed be a big challenge in optimizing potential in the industry. Moreover, if peanut oil is rarely used and the local market will certainly be limited. Maybe I think this requires a strategy to look for export opportunities to international markets.