How to start a lucrative equipment leasing business in nigeria – densiva resources limited electricity through wood

The equipment leasing business in Nigeria is a very lucrative one. Ranging from construction equipment to electricity generators, farm tools, and much more, a lot of people have decided to act quickly, take advantage of the equipment leasing industry, and make as much revenue as possible from the sector.

These two examples above have shown that the equipment leasing business is a multi-million Naira industry, and taking advantage of it is a smart move for any business savvy entrepreneur in Nigeria to make. What Is The Equipment Leasing Business In Nigeria About?

Too many events happen every day in Nigeria, and with the poor electricity supply, event managers are constantly leasing backup generators as a means of providing backup power if the electricity and primary generator set fails. With daily rental rates of 100kva generators and above ranging from 120,000 Naira and more, the generator rental business is a profitable one to venture into. 2). Construction Equipment Rentals:

Construction equipment are used for the construction of roads, bridges, and also in solid mineral mines. Their rental costs are in the hundreds of thousands per day for excavators, swamp buggies, bulldozers etc, with cranes even costing millions of naira to lease daily.

To choose which equipment leasing business you want to start up, carry out an in-depth market research to first understand the market, pricing structure, and more. With this information in hand, you can choose which equipment leasing business is best for you to startup.

From experience, generator rentals for events and construction equipment rentals are two of the most profitable equipment rental businesses to start up in Nigeria because leasing a 100kva generator for one day could cost up to 130,000 Naira and leasing an Excavator could cost the same range, with cranes even costing over a million Naira a day to lease.

For construction, an excavator is pretty much the most important equipment to buy. It gets leased the most and you’d get paid between 120,000 to 180,000 Naira a day for it. Over time you can go on to buy a low bed for transporting equipment and also for rentals, a swamp buggy, a bull dozer, a crane, and much more.

For generator rentals, you need a 100KVA and 200KVA generator. Some clients may request for a 300KVA, 400KVA, or 500KVA generator, which warrant far higher payments. But the two most important sizes to buy are the 100KVA and 200KVA generators.

The employees you hire for your equipment rental business must be skilled engineers and the best salespeople. The engineers would always need to ensure your equipment are working at their peak performance rates and your salespeople must be skilled at bringing in more clients to your business on a weekly basis. 4). Market Your Business:

This is the most important part of running any business as without sales your business is dead. The first thing you could do is to build an SEO ready website so you can get SEO traffic from people searching online for businesses that lease the equipment you have, then you can further reach out to companies who lease equipment from companies like yours.

The equipment leasing business in Nigeria can be a Lucrative and profitable venture, due partly to its vast market demands and largely on your own ability to build a wide supply chain network. If you’re looking for a business to venture into, the equipment leasing business in Nigeria is another option to explore.