If you’ve been thinking of a way to build passive income in Nigeria, this particular page will show you more than 20 ways you can effectively and profitably achieve that. But why building a passive income?
It’s a known fact that most salary earners in Nigeria spends almost all the money for them paid, before the time of the next payment comes. This may lead to inability to purchase certain items for yourself, your family and take care of some responsibilities such as subscribing to some services and even discourage you from travelling to a certain places either for holiday or tourism.
Since the salary or wages aren’t that sufficient to cater for your needs, you’ll surely agree with me that it is important to improvise. And this the reason why we’re both going to learn the idea of how we can build passive income in Nigeria.
You might ask be asking……
What is passive income and how is it built?
Passive Income can come from a job where you’re not actively doing or a job in which you’re employed and paid by a “boss”. It is the money you earns other than your monthly wages – Simply put, it is called “side hustle”!
And to build passive income in Nigeria or side hustle, you need to be smart, digital savvy, consistent and ready to sacrifice enough time (plus ‘Patience’) and some bucks.
I know you’re ready for this? Please be informed that these passive income ideas here are the mashup of business you can start by investing little capital and other ways you can make money online in Nigeria without spending a dime.
Having that in mind, let veer to the main checkpoint;
The 25 Best Ways to Build Passive Income in Nigeria
1. Book Writing/Publishing
Are you a versatile writer? If you can write great article such as story, history, tutorials, advice, motivation or any type of article and you can command English with your writing, you can start your way to earn money online from Amazon Kindle.
Amazon Kindle is one great place to publish your books and you could also write. You place a price tag on each book you uploaded to Amazon Kindle and Amazon will help you take care of the rest.
Yes, you don’t need to stress yourself much after publishing the book on Amazon Kindle but if you can promote it to your audience, it will be an added advantage to get sale quicker.
Although it take time to get a book ready, when it finally gets ready, the cash just keeps coming in.
If people love your love and the early buyers gave the book some impressive ratings and recommendations, then you’re going to keep earning from it until it fades.
So if you need a side hustle in Nigeria and you have penchant for writing, considering joining Amazon Kindle.
You could as well get into the field of e-commerce and build passive income in Nigeria through it. Dropshipping would be an ideal option if you’d be venturing into the field of e-commerce.
Dropshipping is selling goods you don’t really have in stock and earning some commission on each successful sales. No risk and no stress. In fact, you can do it alongside with your 8-5 job.
There are lots e-commerce platforms for dropshipping to help you get started easily, Shopify and WooCommerce are a few amongst others.
You need to invest some money to build your online shopping store before you can start this business.
3. Affiliate Marketing
Affiliate marketing is a type of online business where you partnered with a firm in order to help them sell their products or services.
A purchase made via your affiliate link gives you a commission usually in percentages. Getting started with affiliate marketing is pretty easy as most firms do have this on offer and you could take advantage of it and build passive income in Nigeria.
Here are the top 10 affiliate programs in Nigeria which you can join, promote offers and start earning some bucks.
4. Build an Online Course
With proficiency in any field, you could teach the rudiments of such field and get paid for doing so. A good place to start is Udemy, there are more options but Udemy is well known with good reputation.
Teachable and Kajabi are also great to launch your online course and start making money from the successive sales.
Freelancing give you the time to do your active job and you’re not tied by contract to any firm. As a freelancer, you can provide solutions to various problems, get paid and your income keeps coming in.
I earn mostly from Fiverr and I’ve also earned from few freelancing platforms. You can also start your freelancing career today if you got any skills that can be rendered and delivered digitally.
PS: Read this guide on how to start a freelancing business in Nigeria
Here are the top 10 freelancing websites in Nigeria that pay well for freelancers. Check them out before you choose to join any.
6. Start a YouTube Channel (Vlogging)
A lot of Nigerians such as comedians, musicians, reviewers and other content creators make money constantly via YouTube. They’re making good money daily and you can join the train.
If you find yourself proficient in a certain field, having a channel that explores the nitty-gritties of such field would be a good way to build passive income in Nigeria.
This is one sure fire way to build passive income, what even more unique is the market isn’t saturated with vloggers. You can take advantage and start your vlogging journey today
Another way you can build passive income in Nigeria is through blogging. Few years back, owning and managing a blog was quite difficult and required lots of human and technical efforts. With the continuous growth in technology, the process have been simplified, you can even run and manage blog on a smartphone or tablet – even though I don’t support it.
There are numerous ways to earn money online by blogging in Nigeria, these includes selling Ads spaces, Google Adsense, affiliate marketing, sponsored posts and so on.
If you want to start blogging, I can coach you on how to make money, create the blog for you and monitor you for 30 days to make sure you’ve understood the blogosphere.
But this is a paid service I render for smart entrepreneur like you. If you’re ready to start your way to blogging like a “Pro”, contact me here and let talk about it.
8. Article Writing
If you’re good in writing, it could generate passive income for you as you write articles. Perhaps you’re not proficient in English grammar, there online course which could help you out and expand your skills.
I’m a blogger and freelance writer but sometimes, I gets too busy to write a single letter. That’s why I personally hire proficient writers and I pay them per article not per month.
I calculated the money I paid my freelance writers for a month and it’s up to N35,000.
And personally as mentioned, I writes contents for clients. I bill them based on the type of the article ranging from N1,000 – N3,000 per article (for Nigeria clients)
You can also start your writing career by pitching business owners on social media, email and on freelancing websites.
The field of comedy, especially skits making do pay these days. You can take some inspiration from the popular skits producers and start one if comedy is your thing.
Broda Shaggi, Omo Ibadan, Lasisi Elenu and so on are frontier comedians making money from Instagram, YouTube, Paid partnership and other deals.
You can also do stand-up comedy like that of AY, Basketmouth and so on, it pays too.
10. Graphic Design
It’s seen a primary source of income for most Nigerians, but it could also serve as a means of building passive income in Nigeria with sites like fiverr etc. online or offline.
You can brand your image and start looking for people interest in logo, fliers, book cover and so on
11. Buying and Selling domain in Nigeria (Domain Flipping)
Another great way you can build passive income is through the purchase and sale of domains. It’s pretty easy to do this, you get domains from those willing to sell theirs and resell for a higher price.
It’s called domain flipping because it involves flipping of domain you’re not going to use for money.
Flippa.com is the popular sites in the world to make profit from domain and website reselling.
12. Software Development
We’re currently living in a world where a lot of things are getting digitalized, mobile apps makes it easier to access things you’d find on most sites – it’s compact and user friendly.
With this revelation, the market for software development – especially for smartphone is quite high. You could also work independently and create apps.
Again, freelancing sites like Fiverr can help you get started.
13. Email Marketing
It’s a form a digital marketing that entails sending lots of marketing based emails to several persons. You’d need a huge contact base to succeed in this field.
Wait, I’m not telling you to start sending random emails to people.
The aim of Email marketing is to “sell”.
Now ask yourself; what am I going to sell to the people with these email addresses?
If you don’t have anything to sell or promote, you can offer these service for money. There are lots of start-ups or business owners who need to promote their stuffs, you can be hire if you approached them well.
14. Copy Writing
It’s another form of writing you can use for building passive income in Nigeria, there lots of places paying for this. It doesn’t require lot of technicalities to begin earning through this means.
Just as email marketing, the main intention of copywriting is to “sell”. Before you jump into this, you need to be a proficient and persuasive writer.
Business owners may hire you to write for their product or service.
Tutorials especially online is one good way to make some good money for yourself and in the process, build passive income in Nigeria. Many people outside there these days are leveraging the internet to learn almost about anything that could be of great help for them.
Having good knowledge of a thing and giving tutorials increases your earning potential.
You can offer classroom tutorial where you’ll teach people face-to-face about what you know and can be of great benefit for them.
You can also sell ebooks.
Photography is another way you can get to build passive income in the country. Asides the conventional style of photography, you could also sell your photos on various platforms which are available online.
Personally, I make few bucks from photography because I have small camera and printer here. I snap people who call for a quick shot and I will print it out for them. I also earn from wait-and-get passport as it is more expensive than normal photograph.
You can buy a small camera and printer of N150,000 or second of N100,000 and start doing the business in your school or environment.
17. Real Estate Investment
Investing in real estate is one of the best ways to build passive income in Nigeria. Take the current American president for example, aside his salary he makes good income via real estate. It’s one of the best ways of earning these days.
I don’t want to bore you with stuffs about real estate investment but I got a nice tutorial on how you can make money from real estate investment in Nigeria – read here.
18. Stock Exchange
The stock exchange market is one that pays a lot, it’s a market where trillions are made daily, this trillions are distributed among the traders.
Investing in a company’s stock is a good way of building passive income in Nigeria, but it’s important to scrutinize the firm before investing.
No doubt the entertainment industry in Nigeria is one of the most functional industry currently. Music in the country does pay, especially if you can produce cool songs that keep people glued to their earphones.
There’s more than enough genres you can choose from, so you’re not stuck on a particular style and that’s the beauty of music – its dynamism.
Davido, Wizkid and others started from somewhere and you too can.
Read this guide on how to make money as an upcoming artists in Nigeria
PPS: Here is how you can promote your music and build your fame in Nigeria
20. Radio/Television Jingles
If you happen to have a good voice, then you can earn some money via radio and tv jingles.
It’s pretty easy, just saying some words about a product or service and you’re paid for it, how cool!
DJs, Radio stations, TV company and some business owners hire these type of people
21. Audiobook Sale
The world have grown a lot in terms of technology in the 21st century, books have grown from paper formats – which is traditional and wildly used, to e-books – which is beginning to gain attention, to audiobooks.
Audiobook format are getting a lot of attraction from persons of various field who will like to read while doing other activities and making a book in such format is one way to build passive income in Nigeria.
N.B. Not all books are suited for this format, especially books with graphical representation and pictorial illustrations.
22. Disk Jockey (Dj)
With events happening every weekend services of a disk jockey are always needed. You could use the weekend to rack up some extra bucks.
There are lots of radio presenters who do this during the weekend or on days they’re off work, you could learn, get a laptop and start your journey.
This also one of the best business ideas for students in Nigeria
23. Master Of Ceremony (MC)
Still on events, every event will always require the services of an M.C. and what better way to build passive income in Nigeria than conducting events and getting paid for it.
Becoming an M.C. will require self-confidence which you can build if you don’t have one and public speaking skills which you could also learn easily.
It’s an added advantage if you know how to make people laughs.
24. Cryptocurrency Trading
It’s quite similar to stock trading in terms of structure. Dealing on cryptocurrency is good way to make an extra income asides your daily job. It does require a bit of technical acuity and you’ll start making money.
PS: Here is how you can make money with cryptocurrency in Nigeria
PPS: You can sell your bitcoin or any coins to these trusted cryptocurrency exchanger website in Nigeria
25. Human Resources
People who are into HR consulting in Nigeria makes money once they started with the right orientation.
Human resources simply involves recruiting and training people who are job seekers. After training and might have selected the best from them, you will then recommend them alongside with their CVs for companies who need such skilful or experience employees.
You’re going to be paid certain amount of money every month on each employee taken out by any employer from your HRO Company.
But you need to professionally start this business if you want people (both prospective employers and job seekers) to trust you.
With this business, you can profitably build a passive income in Nigeria. But how do you start?
No worry! I got a detailed article here that will teach you the best ways to start HR Outsourcing Business in Nigeria
…. and over to you
So wrapping up, you’ve seen 25 ways to build passive income in Nigeria. There are more ideas but the ones above are ideal.
Which are you into currently and which would you like to venture into? Let me know in the comments!
Please don’t forget to share this article with your friends and subscribe to the newsletter here..
GIG Logistics Branches and Location (Addresses) in Nigeria
GIG Logistics by GIG Mobility is one of the leading logistics companies in Nigeria due to the company’s mode of operation. Delivery is fast and the fee is not as expensive as other competitors.
If you’re trying to ship your stuff across the country, or to other countries like in Africa, the USA, the UK, etc., GIG Logistics can be your sure plug.
But as a new customer, you may not know how to contact them. The good news is that you can do more with the company via their website (giglogistics.com).
But in case you need to visit one of their branches very close to you, and you don’t know where to go, I will be covering that in this blog post.
Important Notice: In case you don’t find your city on the list, don’t panic. GIG Logistics can still deliver to you but you may need to contact them via email or telephone call if you’re the one sending.
If you’re not sending but receiving, you don’t need to stress yourself, just be available when it’s time for delivery.
You can easily click on your state in the table of content below rather than scrolling and scrolling till you miss what you’re looking for.
Here are the locations;
GIG Logistics branches and location in Nigeria
GIG Logistics Head Office in Nigeria
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway, Beside Eterna Fuel Station, Gbagada Lagos, Nigeria.
SICCONS PLAZA, Opposite Unity House, Beside Lifemate Furniture, Garki Area 11
House 38, 3rd Avenue Gwarimpa, Opposite Union Bank Abuja.
No 10 Ajibade plaza beside okay Japan Electronics.Park Road Gwagwalada .
Block, 43, Gado Nasko way, opp 2/2 Court Kubwa.
Opposite Ignobis hotel plot 17 Gidin dutse layout, kubwa.
Abraham Plaza, Suite A13 Plot, 6 A.E. Ekukinam St, Utako Abuja
80 Aminu Kano crescents opposite Sherif plaza beside Wema Bank Banex wuse 2
Maraba Experience Center
No 132 GIZA PLAZA OPP CHRISGOLD PLAZA BESIDE MTN OFFICE MARARABA
Madalla by Mobil, along Abuja – Kaduna Express Road.
Plot 113 I.V.W. Osisiogu Street, beside Utako Police Station Utako Abuja.
206, Zuba Market, Opp. Lagos Line, Zuba
Cs1 Ground Floor Corner Stone Plaza By Dobbil Avenue Along Phone Village Road, Electronics Section Alaba International Market.
KM 25, Lekki-Epe Express way, Ajiwe-Ajah.
KM 22, Lekki-Epe Express way, Opp. Jeffrey’s Plaza, by Abraham Adesanya Roundabout, Ajah.
41 Shasha Road, Akowonjo Junction, Dopemu, Lagos.
Km 36, Lekki-Epe Express Way, by Ogunfayo Bus Stop, Eputu, Awoyaya Lagos.
103, Okota Road, Cele.
1st Avenue Road, Festac first gate, besides INEC office, Festac town, Lagos.
7, Hospital Rd, Ifako, Gbagada, Lagos.
Gbagada Express Center
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway,Beside Eterna Fuel Station, Gbagada Lagos
9, Medical Road, former Simbiat Abiola Way, Opp, Zenith Bank.
103 Awolowo road, Ikoyi Lagos.
16 Ikosi Road, Ketu Lagos.
Sabo Road Garage, Ikorodu.
29, Idimu Road, Opp. Local Govt, Council, Ikotun, Lagos.
13C Ilupeju Byepass, Ilupeju, Lagos.
International trade fair
Shop D77 & D78, Abia Plaza, BBA, Lagos Int’ Trade Fair Complex, Lagos.
164, Lagos Abeokuta Express Way, beside Diamond Bank, Lagos.
20 Ikorodu Express Road, Jibowu, Lagos.
No 1A, Wole Ariyo Street, Beside First Bank, Lekki Phase 1.
Lekki Admiralty 2
Jubilee Mall Admiralty Way, Lekki Phase One, Lekki.
Lekki (Fola Osibo)
Ground floor Legends Place Mall Plot 29 Fola Osibo Lekki Phase 1, Lagos.
Km 17 Scapular plaza Igbo efon.
Old Ojo Road
Old Ojo Road, by Police Station Lagos.
3 Ijaiye Road, Beside FCMB Ogba.
62 Opebi Road, Ikeja Lagos.
No 25 Otto Causeway Opp Iddo bus top, Iddo Ebute Metta Lagos.
3, Abeokuta – Lagos Expressway, Sango Ota, Opp. Sango Bridge.
26, Adeniran Ogunsanya, Surulere, Lagos.
169, Badagry Expressway, Volkswagen Bus Stop.
1436 Sanusi Fafunwa Street, Victoria Island, Lagos.
Tejuosho Ultra Modern Market, Ojuelegba Road, Yaba, Lagos.
Animashaun Plaza, Beside Petrocam fuel station, Near Epe T-junction, Epe.
43, Osolo Way, Ajao Estate, Ekwu Awolo House.
No 5 Asa Road Former/Old Nitel Building Aba
8 Mission Hill, Opposite Villaroy Hotel, Umuahia Main Town
No 60 Aba Road, Close to MTN Office at Aba Road, Umuahia.
Plot 2 Bekaji Plaza, Bekaji Karewa Road, By Fire Service Roundabout, Jimeta Yola.
Ado Ekiti Center
Soladola petrol station, beside Apc secretariat, opposite moferere junction, along ikere road, Ajilosun
Ogo Oluwa Bus Stop, Gbangan / Ibadan Road, NIPCO Petrol Station, Osogbo.
Plot C31, Relief Road, by Relief Junction, Off Egbu Road, Owerri.
Landmark: After Mr Biggs beside Nepa Office, Farm Center Area, Tunga, Minna – Niger State.
No 4 Old Otukpo Rd, Opposite Dester’s by Savannah Roundabout.
No 1 IBB Way, Adankolo, Lokoja, close to Federal Medical Cente
Shops 1 & 2 Police Officers Mess, Opposite Polaris Bank, Jos Road, Lafia.
Ahmadu Bello Way opp alhaji boye coca cola Depot Birnin Kebbi, kebbi state.
Shema Plaza Ground Floor, Mani Road, by W.T.C Round-About, Katsina State.
No 1 bompai road by Tarawa Balewa way, Opp Grand Central Hotel Kano.
Centro Plaza, Opposite Buk Old Site, Kabuga, Kano.
No 32 Zoo Road, Opposite Shoprite, Kano.
8 Ahmadu Bello Way, Off Kastina Roundabout, City Plaza, Kaduna State
Lagos Garage by Airforce Mami Mando, Kaduna State.
Nnamdi Azikiwe Expressway by Command Junction, close to Samrada Fuel Station (beside 911 bakery).
Dairu Garba Plaza, 18 Sokoto Road, MTD Junction By Nnpc Filling Station, Sabon Gari, Zaria.
Plaza 1080, Yakubu Gowon way, Dadin kowa second gate.
Angwan Soya Zaria Road bypass, Opposite Jankwano Bingham University Teaching Hospital.
Government House Round-About, Asamau House Block B, Number 8, by Airtel Office, Dutse, Jigawa State.
32 Hammaruwa way. Besides former Kashere Filling Station Jalingo.
Town Planning Complex, by Sumal Foods, Ring Road, Ibadan
Suite 5, Kamal memorial plaze, former iyalode complex, opposite funcktionals clothing, bodija – UI road, UI Ibadan.
No 76 Opposite Arisekola Mosque Iwo Road Ibadan.
NNPC Mega Station, Opposite Zenith Bank, Star Light, Ogbomosho, Oyo State.
190, Ibrahim Taiwo Road(Upper Taiwo), Opposite Primo Pizza / Chicken Republic, close to new Wema Bank, Ilorin.
No 1 Umar Audi road, Fate Road, Tanke GRA, besides Hotels Mirabilis. Ilorin.
7, Market Road, Holy Ghost Park, Opp. State Library, Ogui, Enugu.
67, Zik Avenue Uwani Enugu.
No 64 Owerrani, Enugu Road, Nsukka.
202, Uselu Lagos Road, Ugbowo Benin City.
112, Akpakpava Road, Benin City.
Shop 1, Omegatron Plaza, 47 Airport Road, Benin City.
42, Benin/Agbor Road, Oregbeni, Ramat Park Benin City, Edo State.
Okene Express Way, Opp Auchi Polytechnic, Auchi.
Ukpenu Road Opp. Grail Message Centre, Akahia, Ekpoma.
Asaba Onitsha Expressway, By Head Bridge.
445, Nnebisi Road, opposite Zenith Bank, Asaba.
SUIT 53/54 INDEPENDENCE MALL OKPANAM RD, ASABA.
138, Effurun-Sapele Rd, by Airport Junction Warri.
116, Effurun-Sapele Warri Road, Effurun Opp. Our Ladies High School.
29 Ndidem Usang Iso Road ( Aka Marian Road) Calabar.
Shop 7, Yandoka Road, Adjacent MTN office. Opposite First Baptist Church, Bauchi State
Kpansia Epia, Opposite Wema Bank by INEC Junction, Yenogoa
Pam House, Tamic Road and School Road, Okutukutu By Isaac Boro Expressway, Yenogoa
Elite Shopping Complex Opp Crunchies fries, Enugu/Onitsha Expressway, Awka
2 Awka Road, By DMGS Junction, Beside All Saints Anglican Cathedral, Onitsha
No 73 – Owerri Road, Martina Chukwuma Plaza (Innoson Plaza), Opposite The Salvation Army Church, Umudim Nnewi
Akwa Ibom State
3, Monsignor Akpan Avenue, Itam industrial layout, opp Timber Market, Itam.
No 108 Oron Road, beside the First bank, Uyo.
No 22 Oyemekun Road by Cathedral Junction Akure
LACFOG PLAZA Adjacent Choba Police Station East-west Road Choba PHC.
No 118 Off Woji GRA, Same Building with Miskay Boutique By Bodo Junction, Port Harcourt.
No 9 Stadium Road, Beside Benjack, Port Harcourt
Cocaine Village Junction, Off Aba Rd, opposite Genesis, Rumuogba, Port Harcourt.
PHC Peter Odili
No 89 Peter Odili Road Port Harcourt.
PHC Ada George
No 18 Ada George By Okilton Junction, Port Harcourt.
3/4 Maiduguri Road Gawon Nama Area
C 1, A A Master Plaza Canteen Road Gusau.
This is the complete list of GIG Logistics and their location in Nigeria. If you have any questions regarding GIG, kindly contact them directly. You can see how to contact them via their website at https://giglogistics.com
If you want to ship an item from the USA stores like Amazon, eBay, etc., to Nigeria, you can read my guide on how to ship with Heroshe Logistics.
7 Super Professional Tips to Build a Successful Business in 2022
It is a new year and you’ve been thinking of how you can build a successful business but don’t know how or where to start. Let’s talk about that and see if you’ll learn something, or be inspired.
Some businesses fail because they’re following old blueprints which no longer work effectively to build their startup.
We’ve learned a lot between 2020 and 2021, and we’ve seen how businesses are affected by the ongoing Corona Virus pandemic. But ideas to start or build a business are waxing stronger in us, how are we going to bring these ideas to reality?
But is 2022 the right time to start a business?
Yes, it’s never too late to start a business in 2022 and you are still going to see rapid growth if you put in all the efforts.
Regardless of the Coronavirus and its variants, you’ll agree with me that starting and building a business these days is easier compared to a few years ago as a result of technology and more investors who’re ready to provide capital for a futuristic business plan.
According to a report, investors spent more than $140 billion to support startups in 2017 and the figures have increased ever since then till date. This shows how people like you are creating something or a platform that solves a ‘problem’ and how people are ready to support it.
If you’re also planning to launch your startup, you’re welcome, it’s never too late to be phenomenal.
Aside from investors who’re ready to invest, you don’t necessarily need to build your business by renting a big hall or apartment for office use, thanks to COVID-19, you can gather your team and work remotely, while you’re saving a lot of money that will go into office setup.
If you have a good business plan or startup idea and you’re worried about what to do next, the following tips will help you get started;
7 Tips to Build a Business in 2022
#1. Do Your Research and Understand Your Mission
You see, a lot of people see other people building stuff and they got jealous to build something too – this is a wrong motivation to start a business.
You have to think clearly about what you want to do, you ask yourself: “In what way(s) can this idea or business help people?” – emphasize “help people”.
If you want to start a fashion design company, do your research thoroughly and understand that you’re about to build a type of business some people have built already. So, how are you planning to get better and beat your competitors?
For instance, can you think of a unique fashion trend and dominate it for the long term? If yes, what fashion trend and how can you hit the market with your idea?
You have to plan all these, you just don’t voluntarily jump into the ocean without knowing if it’s safe or not. If it’s not safe, then how are you going to survive?
#2. Get a Team Members with Common Goals
The spirit of being the CEO and (sole) founder is part of what’s killing some businesses and startups to date. I’m not saying you can’t build a business alone, you can! But you can’t survive alone. If you survive alone, you won’t go far alone.
You have to understand this concept. If you read about big business builders in the world, you’ll notice one thing that’s very common to them – they don’t build alone!
Bill Gates, Mark Zuckerberg, Elon Musk, etc., will tell you that they called their friends when they were about to start their company. Why? It’s simply because they need teammates who can work with them to achieve their primary and respective goal(s).
The reason is simply that if one is falling, another person will lift him. And this boils down to you looking and calling the right people to join you or else if you fall, that’s the end of the business.
So look for the right people in your circle, during meetups, on social media, share the business idea with them and be patient to see those who’ll be ready to join you.
Getting team members here is different from hiring people. You have to look for someone or some people who’re ready to take ownership of the business and work diligently.
They can in turn be your co-founder, CTO, etc… Just make sure you’re careful and patient enough to see someone with the same common goal.
#3. Start Building with the Little You Have:
You know the type of business you want to build and you have someone or some people who are ready to work with you. The next thing is to start building that business with the little resources you have.
The mistake most people make is that they’re waiting for the “perfect time” and that time translate to when they have sufficient money to invest in the business. The truth is that that perfect time won’t come unless you start now.
And I will like to say this if you’re starting a new business but you don’t have money to invest personally, you’re still not going anywhere. It’s either you get a job, make money and come back to that idea or, you sell the business idea to someone else.
The bottom line is that you have to start from you, even if you will need investors to inject capital into your business, you have to show them something – your ideas + efforts.
#4. Create Good Information and Communication Flow
As part of what you’re starting with, is how you can bridge the communication gap between your business and your target audience (investors included). That’s why you need to invest in creating that information and communication flow.
This is not a big deal at all, you just need to create an online presence for your business by getting a website, getting on social media, and investing in Email marketing or CRM tools.
If you can’t build the website yourself, you can hire freelancers to get the job done for you, there are free email marketing tools like MailChimp that you can get started with. You can hire an expert to manage your business’s social media handles for you too. The person will be in charge of content creation, posting, and attending to comments.
Having a website is very important, if it’s just a landing page, do it and let people know about your business from there and use your social media handles to keep telling people about your mission, not that loudly tho.
#5. Start Expanding the Business
You’ve tried a lot, but it’s not the time to relax. It’s time to start thinking of expansion. I mean expansion at all lengths.
If you launch your business to focus on people in Canada and they accept it with open hands, it’s time to expand to New York, and then to Paris, to Africa, etc.
In your team as well, you need to have some people who will be in charge of marketing, human resources, engineering, international relation, legal, and many departments within your company.
With great power comes greater responsibility, the more you’re growing, the more you should expand.
But what if your company can’t afford to hire people you need to run the business as you’re thinking of expanding, is that the end? No, it’s not!
#6. It’s time to Seek Business Funding
This is not a must if your business can afford to finance itself, but I bet it can. As a startup that’s at the entry or expansion stage, you need money to take care of a lot of things and some people are ready to provide that money!
There are people called Angel investors and some are called Venture capitalists, these people are in the business of investing in other businesses to make a profit. No money is too big to invest for VCs as long as your company’s evaluation is also big.
If you think your business need funding, kindly check this blog post on how to get one for your business.
#7. Don’t Stop Expanding; Invest More in Your Business
You’re not there yet. Start investing more in advertising, your team members, think of innovation and, acquire other related small businesses.
Just don’t stop growing!
I hope these tips will help you start that business in 2022 and I believe you can conquer the world, don’t worry, start today!
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MTN’s IPO: How to Buy MTN Shares with less than N50,000
Here is your time to shine, you can now buy MTN shares and join the leagues of MTN shareholders in Nigeria.
Nigeria’s telecommunication giant, MTN Nigeria recently announced the selling of 575 million of its shares to the public on Tuesday, November 30th, 2021. Just in case you don’t know what “shares” is, let’s me quickly tell how it works;
What are Shares?
Share simply means a percentage of ownership in a company. Those who hold these shares are called “shareholders” and you can also call them “investors”.
What that simply means is that, let’s say you buy MTN shares, you have a percentage of every percentage of the company. If the stock rises, your share rises and vise versa.
How Shares Work?
The more shares of a company you’re holding, the more decision-making power you have in that company and the more your profit if the company is performing well.
Let’s say you buy 250 units of MTN shares at the rate of N169 each, which is N42,250.
And luckily, MTN stocks jump to x10, that’s also N42,250 x 10 for you. You’ve made N422,500!
That’s just the simple idea, if you know how FOREX, stocks, or cryptocurrency work, you have the idea of how Shares work also.
But you don’t need to panic because MTN Nigeria is leading and doing well in Nigeria, investing your money to buy from their shares will be a good return on investment (ROI) for you.
…and this is a golden opportunity if you’ve been looking for where to invest your money.
Right in this blog post, I’m going to share with you how can buy these MTN shares easily and answer a few things you may want to know. But let’s start with the eligibility and requirements;
Eligibility and Requirements to Buy MTN Shares
1. You must be 18 years old and above – No minors *(-_-)*
2. You need a Bank Verification Number, BVN
3. You need a CSCS (Central Securities and Clearing System) account
4. You must behold the shares for at least 12 months, if you can’t let your money work for you in 12 months, don’t even try buying.
5. You must be able to buy a minimum of 20 unit shares, while the maximum is 250 units.
Buying MTN Shares: Other things you need to know
- The general public can buy the MTN shares from December 1 to December 14, 2021 (just 2 weeks)
The MTN share offer will be priced at N169 per one unit
- The minimum amount you’ll invest (for 20 units) is N3,380 and the maximum (250 units) is N42,250
Your stockbroker or a certified Momo Agent can help you
- Visit https://mtnoline.com/PO in case you need help
Now, let’s talk about how you can buy MTN shares before the deadline!
How to Buy MTN Shares in Nigeria
There are two ways to buy the shares, you can buy through;
2. MTN MoMo agents
Buy MTN Shares with PrimaryOffer
PrimaryOffer is a service (or product) by NGX exchange where you can buy new public offers like this MTN share. Here is how to buy your MTN shares on PrimaryOffer:
– Visit www.primaryofferng.com and click on “Get Started”
– Click on “I am an individual investor” if you’re buying for yourself
– You’ll land on a page with MTN branded banner at the top, but click on “Create an Account” to get a PO account
– Put your BVN number and correct date of birth
– Click on “Continue”
– On the next page, your primary data would have been generated from your BVN, fill out the remaining data such as “email address”, “your mother’s maiden name” etc.
– Click on “continue”
– Verify your OTP: check your email address to get the code
– If you do that correctly, your account will be verified and the next thing is to login
– Login with your email address and password
Finally, buy the MTN shares!
After you log in to your PrimaryOffer account, you will see the only shares available (MTN shares), click on the MTN logo, it will load to open a new page.
– Scroll down and put in the unit of shares you want to buy. Note that the minimum is 20 and the maximum is 250
– Check the agreement and conditions, and
– Click on “continue”
– CSCS account will be created for you, but you need to complete it manually on the next page by filling in one of your bank details
– Click on “update Bank”
– Continue to complete all necessary stuff such as uploading a proof of address, your national ID card, and your signature.
– You can as well complete your social profile
– If you’re done with that part, go back to offerings to buy the MTN shares.
Important Notice: You can also use the PrimaryOffer mobile app to do all these things.
ALSO CHECK: How to Invest in Treasury Bills in Nigeria
That’s the first method of buying MTN shares in Nigeria.
Buying MTN Shares with Receiving Agents
Just in case the steps above are too technical for you to do, you can use a receiving agent and the person will do all the hard work for you.
Receiving Agents you can use:
1. MTN MoMo Agents
MoMo agents have received training on how to help people buy MTN shares. So you can visit any MoMo agent close to you and they’ll help you out.
2. A Stockbroker
Stockbrokers are professional, if you see one, ask them for help but be careful and make sure you use a trusted broker.
So, that’s how to buy MTN shares in Nigeria.
Summary: How to Buy MTN Shares in Nigeria
– You can buy MTN shares for as low as N3,380 and the highest you can buy is N42,250
– The best way to buy MTN Shares is through the PrimaryOffer’s website or mobile app
– The public sale of MTN Shares will end on December 14, 2021 (Maybe this will be extended, I don’t know)
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