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.
