Perfume Business Plan and Budget Allocation for ₦500,000 Capital Without a Physical Shop

Executive Summary:
(Your Business Name) is a digital-first perfume brand based in Nigeria, focused on selling high-quality designer-inspired perfumes and oil-based fragrances. With a startup capital of ₦500,000, the business will operate 100% online, targeting both Nigerian and international customers through social media, e-commerce platforms, and global logistics partners.
Business Objective:
- Offer luxury-quality fragrances at affordable prices.
- Build a strong online brand presence locally and internationally.
- Generate profit within the first 3 months.
- Scale through influencer marketing and affiliate partnerships.
Target Market:
- Young adults (18–55)
- Working professionals
- Fragrance enthusiasts
- Diaspora Nigerians
- International budget fragrance lovers
Value Proposition:
- Long-lasting oil perfumes
- Inspired by designer brands (e.g., Dior, Tom Ford, Chanel)
- Affordable pricing
- Global shipping
- Customizable scent packages
Startup Budget Breakdown (₦500,000):
Item |
Amount (₦) |
Bulk Purchase of Perfume Oils |
200,000 |
Bottles & Packaging (customized) |
80,000 |
Branding & Logo Design |
10,000 |
E-commerce Website (Shopify) |
50,000 |
Social Media Ads (Launch Phase) |
60,000 |
Product Photography |
15,000 |
Logistics/Shipping Materials |
20,000 |
Business Registration (CAC/NIN) |
20,000 |
Contingency & Miscellaneous |
45,000 |
Total |
₦500,000 |
Estimated Monthly Earnings: