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Home Financial Literacy Small Business

Second Hand Underwear Business is very profitable

Ugodre Obi-chukwu by Ugodre Obi-chukwu
February 10, 2012
in Small Business
Second Hand Underwear Business is very profitable
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Nigeria is indeed a Funny country. I read somewhere recently that the second clothing business, popularly called, okrika is booming. The report identified a seeming rise in the sale of particularly underwear boxers, pants and bras for men and women respectively.

The business is thought to be patronised mainly be “low income” earners. In fact, one of the sellers was quoted as saying that the cost of a bale (bag of second hand clothing) of second hand underwears costing N100k typically returns a profit of N50k or about 50%. That’s a remarkable return for fairly used underwear.

Why are second hand underwear this attractive?? One can easily conclude it is because it is cheap but that’s just part of it. Some actually believe they are of better quality and last longer that new ones. Isn’t that remarkable!!

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Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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Comments 7

  1. iwuagwu christian says:
    July 17, 2012 at 3:08 pm

    Pls I prospect startin an underwear business in okrika,seekin ur advice n opinion if I shud go on,and were I can buy dem?pls rply me thnx.

    Reply
  2. Shade says:
    January 19, 2015 at 1:52 am

    I sell okrika in bales. 09097982110…07037378824.

    Reply
  3. shade says:
    January 19, 2015 at 1:53 am

    09097982110….07037378824. I sell okrika in bales.

    Reply
  4. Courage says:
    March 23, 2018 at 2:36 pm

    My people , call I Mrs courage on 09035999570 for any kind of quality new and neat first grade (AAA) London clothes children adults unisex at affordable price hurry now, do not let distance be a barrier the way bill is very affordable !.

    Reply
    • martin says:
      February 26, 2019 at 2:16 pm

      !! DO NOT CONTACT OR DO BUSINESS WITH Mrs Courage. She and her husband are FRAUD, THIEVES and FAKE. My friends and l sent her money and she didn’t send us the bale.
      Be WARNED !!

      Reply
  5. Courage says:
    March 23, 2018 at 2:40 pm

    NEW ARRIVALS are you looking for the best LONDON/UK okrika bales very neat and comes with LABELS,contact me on: 09035999570
    I am Mrs courage popular well know okrika dealer/supplier, of any kind of bales i.e CHILDREN/ADULTS BALES Mixed e.t.c

    Reply
  6. Osemudianme says:
    May 3, 2018 at 10:45 pm

    Hello everyone gooday!.make enquiries today, on any kind of clothes you want all available. E.g. First grade children/adults unisex bales very neat and clean new new arrivals with

    Reply

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