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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:

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