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5 Best Profitable Business to Start in Nigeria with N100k or $300

Stephen Gbolagade
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5 Best Profitable Business to Start in Nigeria with N100k or $300

Have you been surfing the net for the most profitable business to start in Nigeria with N100K or $300 equivalent? Or maybe you have a capital more than that but you’re still not sure of where to invest your money? Well, I will not tell or force you to start a particular business, but in this blog post, I’ll share some working tips with you.

NOTE: This blog post is inspired by what some entrepreneurs personally share about how they came up with their business model, and I hope it will also inspire you to start something today!

Now let start!

Profitable Business to Start in Nigeria with N100,000

These lucrative business ideas to start with N100k or $300 in Nigeria are;

  1. Turn Your Talent/Passion to Business

Yes, but I know you’re surprised right now that which kind of business is your passion. Well, your passion is a strong force to succeed in anything you lay your hands upon.

Besides, the story of this smart Nigerian entrepreneur will push you to discover your hidden talent today and turn it to a business.

Read below;

Two years ago, a male friend of mine called me and asked for my opinion on what he can do for his girlfriend on her birthday. I suggested something’s based on what I know ladies love. But he was not satisfied. He wanted something unique and different.

He said Osazua, I want to make it different and memorable. I have gotten her some wonderful gifts in the past. Is there nothing different? I asked him to give me some time to think about it.

After a few days, he called me again. He said his boss has asked him to go and represent him at an important event. He will be going out of town. That means he will miss his girlfriend’s birthday. He said he does not want her to miss him too much on that day. So he is leaving everything to me. It’s my duty to make her happy.

He sent me some money and asked me to arrange something. I got to work. I asked my friend to write a note about everything he likes about his woman. He did and sent it to my email. I hired three people to help me with the surprise I was planning. Since her birthday was on a Sunday, I was ready to give her the best. There was enough time to get it done.

At 6 am Sunday morning, I sent one of the three people I hired to go to her house to deliver a bottle of wine and a birthday cake. With the handwritten note of how her man truly feels about her. Guess, my hired hand woke her up that morning. She was happy and was surprised. What she didn’t know was there was more to come.

By 2 pm I sent someone else to deliver another gift basket that contains various skincare products, another bottle of wine with another handwritten note. At that time her sister and mum were there with her. She was surprised again. She was very happy.

Few days before her birthday, I called a few of her friends, my friend’s other male friends that she knows well, her sister, her mum, and a few of her colleagues. I told them they were invited to her birthday. It’s a surprise and she does not know about it. I told them when and where to meet. But I asked her sister and mum to make sure she was available at her house on that day.

At 7pm, we were all there with another birthday cake, drinks, snacks, and other stuff. That was when she lost it. She could not control her tears. She was laughing and crying at the same time. That night she danced until she was tired. I was very happy to have been able to make her happy. It was not as if she has not received those types of gifts before. It was the way they were delivered that made the difference.

And here is what he realized;

After that day, I knew I wanted to do this more. Yes. I want to do it again and again. I want to create a good business that makes people happy. All I did was to create awareness, and I spoke to my family and friends. Created an online profile and I got to work. All I spent to start this side business was not up to N100,000 before purity_gift was born. Since then till now, I can’t count how many surprise delivery I have done.

ADVICE FROM HIM:

I can tell you to open a beer parlor, I can tell you to sell female wears, I can tell you to sell male underwears, I can also tell you selling fairly used goods move a lot.

But will you be happy? will you be proud of what you are doing? Will you be fulfilled.? I will encourage you to search for yourself. What do you love to do? How will it benefit others? And will you get tired of it easily?

There are many business opportunities here in Nigeria. Search for it.

2. Start Dropshipping Business

I have been preaching about starting a dropshipping business. Well, here we are again.

In case you don’t know about this business, dropshipping is simply the kind of business where you sell stuff such as clothes, cosmetics, software, electronics, etc., online. The main point here is that you don’t need to buy this product or have it in stock.

All you need to do is to dropship from big e-Commerce marketplace like AlieXpress at a cheap rate and resell at a high price. You can see a cloth on Aliexpress for N3,000 and you sell at N5,000 –  that’s a profit of N2,000 without doing anything.

You can start a dropshipping business with less than N100,000 and make huge profits. But here is how to do it.

Note, you’ll need to have your online shopping store or website – that’s the first aspect you need to spend money. You can use N80,000 or $200 to set up a complete dropshipping website (including web designer fee). And use N20,000 or $100 for massive marketing on Instagram and Facebook.

You can probably start this with less than N100K or $250 USD. Here is what you will need your start-up funds for:

  • Domain name costs, hosting costs, website costs
  • Marketing costs
  • Logo design
  • Some money to sit stagnant in the bank account in a case of emergency

Dropshipping is a very low cost to start and can be very profitable if you market it effectively. The most expensive start-up cost will be your marketing and you would need to constantly test and refine your ads to make them as effective as possible.

If you don’t want to go through the stress of creating a website yourself, you can buy a profitable Shopify dropshipping website from BeBiggy at the rate of just N78,000 or $200 and use N20 for marketing.

That’s how you start a profitable business in Nigeria with N100k or less than $300.

3. Consulting/Service Business

This is what I do, and I can say it really worth it. You can make millions of Naira with this business idea.

I am sure you are good at something. Right? Think about things like…

  • Writing
  • Marketing
  • Web Designing
  • Web, Software or Mobile App Development
  • Virtual Assistant

Can you find people who need help with any of those? If you are not sure go check out top freelancing websites like Upwork and Fiverr. Lots of people need help and are actively looking at those sites.

Read this blog post on how to make money on Fiverr

How to Make Money with Consulting/Service Business?

  1. Make a killer profile (on Upwork or Fiverr) and start sending proposals/bids
  2. Attend local events in your city. Exchange business cards and follow up consistently
  3. Tell your family and friends
  4. If you start to make money, invest in starting your own digital agency.
  5. Invest in other businesses.

If you do this right, you can make a fortune, and you don’t need to invest your N100k to start a profitable business in Nigeria.

Check here for the best 15 digital skills to make money easily.

Investment = Nothing, if you have those skills! If you don’t have, you’ll need to invest in learning those skills on YouTube or buying premium courses on Udemy, Coursera, etc.

4. Cryptocurrency or Forex Trading

This is the most trending way to make money in Nigeria, I’m sure you’re aware of that.

BUT, don’t jump into cryptocurrency or forex trading without knowing the pros and cons, you need to learn how to read signals, set your stoploss and other stuff to become a profitable trader.

I personally don’t trade, but I’m in love with Bitcoin of a thing. I do buy and hold it because its price rises (but sometimes, decrease). But if you’re patient enough and ready to take risks, you can make hefty money with this.

For instance, you can buy bitcoin at N50,000 today and by tomorrow, the price might have increased to N67K – That’s N17,000 profits without trading or doing anything. The price of cryptocurrencies can’t be predicted with 100% assurance, as nobody is controlling it (i.e it is decentralized).

How much do you need to start?

You can start this profitable in Nigeria with $100 or N38k (to invest) and pay your mentor (or buy a course) for N40K. That’s approximately N80k

If you got a good mentor, you can turn your N38,000 investment to N380,000 within a month!

So yes, if you ask me: Which profitable business to start in Nigeria with N100,000, I will mention cryptocurrency and forex trading.

I also want to learn Forex trading, I got someone who demanded $200 – about N73K.

5. Blogging and Affiliate Marketing

Blogging is one of the viable ways to make money online, likewise affiliate marketing.

But if you start blogging without any fore-knowledge then, you’re going to quit sooner. I’ve been blogging since 2015 and I’m still in the game, not because I make a lot of money from it but because I have passion for it and, I know different ways to earn some bucks from it.

So, to start blogging, you’ll need to check what you’re good at writing about, or teaching people. If you discover that, then you can start!

How much do I need to start blogging in Nigeria?

You need less than N50,000 – To buy;

  • hosting and domain from Namecheap – $34 + $9 = $43/yr (N16,700)
  • theme from Themeforest – $59 (N22,900)
  • pay someone to design a simple blog for you – (N10,000)

That’s just N49,600 to start a blog in Nigeria!

If you hired me, you’ll spend less than that, I will give you a theme from my portfolio for N6,000.

That is N49,600 -N6,000 = N43,600!

Ways you can make money blogging in Nigeria;

  • Ads network like Google Adsense, Media.Net, Propeller, etc
  • Selling Ads space on your website
  • Sponsored posts
  • Selling backlinks
  • If you’re starting a music blog, you can help upcoming artists to promote their songs.

You can as well make money with Affiliate marketing in Nigeria, I got some tips to help you;

In Affiliate marketing, you don’t a dime to start, all you need to pay for is marketing. And you can reserve N10,000 to promote your affiliate products on Facebook and Instagram.

So, combining both Blogging and Affiliate marketing, you can start a profitable business in Nigeria with N100K

So, that’s it – Profitable Business to Start in Nigeria with N100K

I don’t have much to say that to tell you to start taking action today. Starting a business is not easy, but since you have N100k with you, don’t sleep on it, take one of these 5 business ideas and start working on it.

I hope this helps? If yes, kindly subscribe to my mailing list to receive free updates like this from me. I sent out updates every Friday and Monday.

Don’t forget that sharing is caring, this might help someone, kindly share using the floating social icons here on this website.

How to Get Auto or Vehicle Insurance in Nigeria (Updated 2022)

Stephen Gbolagade
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0
How to Get Auto or Vehicle Insurance in Nigeria (Updated 2022)

If you got a ride, you might want to invest in some additional form of protection against mishaps that could occur in the future, hence, you might want to know how to get vehicle insurance in Nigeria. If this is what you’re planning to do soon, then you deserve some accolades, because sadly, we don’t have many car owners in the country with this form of protection, and you don’t want to be in that class. 

Join me as I take you through the various aspects of vehicle insurance in Nigeria

Insurance is really big business these days, there are lots of them which do a lot to provide cover to various aspects of human and material things. One of the types of insurance we have is vehicle insurance. 

What is Vehicle Insurance?

Vehicle insurance may also be called auto insurance in Nigeria, car insurance, or motor insurance. These names, all make it seem we could insure only one kind of vehicle – cars. This isn’t quite the case.

But vehicle insurance is more encompassing.

Vehicle insurance covers any loss or damage incurred by a road vehicle; from trucks to lorries, SUVs, tricycles, saloon cars, and even motorcycles. It also covers damages or accidents caused due to collision with other vehicles, or internal damage. Other forms of damages caused by natural disasters, weather, or fire are also taken care of. 

Furthermore, you might get cover against theft with some providers. 

Let’s see what you’ll need to prepare before you can get a good vehicle or auto insurance in Nigeria;

Requirements to Getting Auto or Vehicle Insurance in Nigeria

Here are what you would be needed before applying for vehicle insurance in Nigeria;

1. Driver’s License

Getting a Drivers’ Licence is the first and most important requirement for owning vehicle insurance in Nigeria. This is a license like any other, which shows you’re qualified in all ramifications to drive a vehicle in Nigeria. 

For commercial transport owners seeking to purchase this for their vehicles, you may not be required to provide a license outrightly, but your drivers should own one – a valid one.

2. Vehicle Particulars

Certain particulars about your vehicle will have to be verified before handing you an auto insurance policy. Having all the required documents ready beforehand is a good step to take. 

This may also include something like the engine, VIN, and chassis number.

These are the two basic requirements needed for getting vehicle insurance in Nigeria. You may be required to provide additional documents after evaluating your application, but this rarely occurs.

Now, let’s talk about getting our vehicles insured;

How to Get Auto or Vehicle Insurance in Nigeria

1. Know What You Need

This first part could be tricky, which is why I’ll be helping out with it. We have a couple of auto insurance plans which I’ll be telling you about in a moment. This is the first step towards getting a good cover for your vehicle. 

At the end of this post, you should have made up your mind on which of the plans to purchase. Truth is, not all plans are applicable to all vehicles. The current condition of your vehicle would determine what plan you should settle for. 

The current value of the car will also be a determining factor in choosing any of the available plans.

2. Choosing an Insurer

This second part has to do with a lot of personal research on some of the insurance firms in Nigeria that could give you good value for your money. Sure there are quite a lot of them, offering various insurance packages to Nigerians but, some may be top-notch in certain types, and in other types, they could perform below par.

This doesn’t mean you should start purchasing several plans from these firms, there are smarter ways to get this done. One good way is by exploring the power of the internet as some of these firms do give information on what you should pay and what you would get from purchasing a plan. 

To help you narrow down the search, here are some of the best options worth looking into; AXA Mansard, AIICO Insurance, Allianz Nigeria Insurance, FBN General Insurance, and Custodian Insurance. 

3. Get the Prerequisites Ready

Certain requirements will need to be met before handing you a vehicle insurance certificate, and you need to get them ready beforehand, you don’t want to get worked up when the time comes. 

The requirements are quite easy to meet as you may already have some of them if you’re a qualified driver. You may be asked for other non-driving-related documents. The two basic prerequisites are mentioned above.

 Now, let’s see the types of vehicle insurance available in Nigeria.

Here is how to Get International Passport in Nigeria

Types of Vehicle Insurance in Nigeria

1. Third-Party Vehicle Insurance

This is the basic form of vehicle insurance in Nigeria and actually, the most common. It covers all damages or injuries that pertains to a third-party. Because of this reason, it has been made mandatory by the Nigerian government that every road driver should have one.

Despite the compulsory nature, many drivers still ply the roads in the country without it. The fact that we don’t have agencies checking this, or better still, incompetency on the part of these firms, has allowed this to go unchecked. 

But it’s quite important to have one, as it could come in handy in case of any emergency.

Third-Party Vehicle insurance in Nigeria could come in two variants, which are:

  1. The Limited offers up to one million nairas in cash for damages on the vehicle of the third-party. Or; 
  2. The Unlimited, which takes care of the death or bodily injury on the third-party. Having these should keep you rest assured while driving.

The other type of auto insurance in Nigeria is;

2. Comprehensive Vehicle Insurance

This is otherwise known as the complete auto insurance as it covers everything defined in vehicle insurance, even those covered by third-party vehicle insurance. All losses, damages, or injuries incurred by the policyholder or third-party are covered here.

In any event of a medical emergency arising from vehicular use, you are eligible for medical care. You also get coverage in any event of natural disasters, civil unrest, riots, and strikes. 

Additionally, in the case of a breakdown of your vehicle, it will be towed and the fees are taken care of.

3. Third-Party Fire and Theft Insurance

Another kind of insurance which by the way, is slowly fading away is the Third Party Fire and Theft plan. This plan in essence does the work of the Third Party plan, with the addition of fire and theft. 

Most insurance companies choose not to offer this to their customers as everything is already covered by the comprehensive plan. But if you need more choices, this could come in handy and less expensive as the comprehensive plan. 

With all these, you can see you stand to benefit a lot by owning an auto insurance certificate which isn’t that expensive.

Pricing: The Cost of Vehicle Insurance in Nigeria

People ask on Google that, Is getting vehicle insurance in Nigeria expensive? The answer is NO! Getting vehicle insurance in Nigeria isn’t expensive, but it still baffles me how the majority of vehicle owners neglect this important aspect. 

A report released by has it that about 9.5 million cars in Nigeria are uninsured!

But the fact is, getting a good auto insurance plan wouldn’t leave a hole in your pocket, and it’s quite easy to get. The cost of getting vehicle insurance in Nigeria starts from N5,000 and could go up to N10,000 depending on what plan you get. 

This price range is constant across the board, with a few modifications. You could get to pay higher if you choose to enjoy additional features.

But, do you think getting vehicle insurance is a waste, just like the 9.5 million car owners who haven’t insured their cars in Nigeria? Well, let’s talk about why you need it!

Benefits of Vehicle Insurance in Nigeria

There are lots of good reasons why you need auto insurance, but here are some of the compelling ones;

1. Financial Benefits

The first and the most important reason why you should get auto insurance for your vehicle is the financial benefits you stand to gain. Whichever plan you choose, there are good financial benefits attached to any of the uncertainties that may arise. 

This would at the same time, save you some good amount of money instead of unnecessary spending

2. Medical Benefits

We tend to find ourselves in a country where some health centers may require some form of advance payment before attending to a patient. 

You or a third-party shouldn’t be one of those patients who lost their lives because of this reason. This is why vehicle insurance is important because it caters to emergency medical expenses in case of any health condition caused by the usage of vehicles. 

Check Here: How to Get Health Insurance in the Country

Remember, your health is your most important asset, and you should always work towards safeguarding it.

3. Legal Benefits

This often happens when damages are incurred by a third-party. Most times, they may sue you for these damages or even loss of life, but these accidents are inevitable, and you don’t want to fall on the wrong side of the law.

This is another good benefit that may save you the stress and money required to go about looking for a good lawyer to defend yourself. But certainly, this doesn’t mean you should be reckless in your driving because you may or may not win the case in the end.

4. Death Benefits

It’s quite a painful experience – the loss of life. This is one of the quirks that come with being a driver; whether it’s a motorcycle, tricycle, a car, or even trucks. The number of road accidents leading to death isn’t a good reflection of the efforts and sensitization put by the road authorities to curb such unfortunate events. 

This doesn’t take the place of a life insurance plan, but it surely does complement it in scenarios like this.

So, here are some of the things you need to know about vehicle insurance in Nigeria. Do you own one? If not, what are you waiting for?!

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How to Get Travel Insurance in Nigeria (Everything You Need to Know)

Stephen Gbolagade
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0
How to Get Travel Insurance in Nigeria (Everything You Need to Know)

If you engage in a business which lets you travel frequently, or you love to travel regularly, then you might want to stick around till the end of this post as I’ll be telling you why you need travel insurance in Nigeria, and how to go about having one.

Travel insurance provides cover for uncertainties that may arise when traveling, either locally or internationally. The means of transport in focus here is mostly air transport. It’s a good way to guard against risks that may occur in your journeys.

The risks involved may include trip cancellation, stolen or lost luggage, delay in flight, health conditions, and many more. A lot is being put into consideration when calculating whatever amount you should pay as premium: medical condition, destination country, the value of goods on board are some of those.

However, certain conditions are excluded and this could prevent securing a travel plan in Nigeria. These conditions are not covered by most travel insurance firms, in which case you’ll be responsible for your safety in such events.

They include endemics, pandemics, war, riot, volcano eruptions, terrorism, etc. Some countries are also considered a risk, and therefore not covered, your travel insurance firm may provide you with this information.

Talking of travel insurance firms, let’s see how we can secure good travel insurance in Nigeria for our next journey.

Requirements to Get Travel Insurance in Nigeria

Before being granted a travel insurance certificate, you’d be required to provide most or all of these;

1. Proof of Employment/Income/Studentship

One of the prerequisites considered before obtaining travel insurance in Nigeria is documented proof of employment or income. This could be from your monthly job, business, or side hustle. Also, students who wish to own a certificate will be required to provide a document(s) as proof of studentship.

2. Travel Visa

This is the most common requirement in the list and it’s being requested by all insurance firms. The Schengen Visa in Nigeria for instance automatically qualifies you for a travel insurance plan, as most countries in the region would most likely deny you access to their shores without a “good” travel insurance plan. 

So, do make sure you have your travel visa, and probably your ticket details before applying.

3. Personal/Health Information

You would have to provide certain personal information which may also include the duration of stay or visit, biometrics (if requested), etc. Certain health-related questions will need to be answered in preparation for any event of a medical emergency.

4. Health Insurance Plan

Isn’t it stressful to have a certain insurance plan before getting a different type? I guess it is but deemed necessary for trips to certain countries in the world, especially for a longer duration. This isn’t always required, but your insurance company would ask you to get one if you intend to travel to any country with this requirement.

RELATED: How to Get Health Insurance in Nigeria

5. Proof of Accommodation

You don’t want to be seen loitering the streets of a foreign country. This is why most insurance companies will ask for proof of accommodation or plan to get one upon arrival. This could be a home, a rented apartment, or a hotel. In an event where you don’t supply any of these, you might want to get a friend over there to help in this regard.

Here is how to get started;

How to Get Travel Insurance in Nigeria

Here’s how you can acquire a travel insurance plan in Nigeria in a few easy steps.

1. Secure a travel Visa

The first step to getting any travel plan is by getting a visa. This shows you’re already getting prepared for a journey. Your travel insurance will only last you for a specific journey, or list of journeys if your insurance firm offers such.

Your Visa should be in respect to your destination of interest, be it local or international. But getting a Visa isn’t smash and grab, it isn’t as easy as most people think. A lot of factors are considered before handing you a Visa especially for international trips. 

But a good way to salvage the situation is by utilizing the services of a travel agency. This could go a long way in easing the stress required to secure one. 

2. Choose a Reputable Insurance Company

This is very important to ensure you get the best services. As important as it could be, it could also be difficult as you get to see most of these firms with ADs on your face all the time. But there are quite some reputable options to choose from.

To save you the stress, I’ll quickly recommend a few: 

Top Travel Insurance Firms in Nigeria

  • AIICO Insurance
  • AXA Mansard
  • Leadway Assurance
  • Cornerstone Insurance
  • Mutual Benefits Insurance
  • Zenith Insurance. 

These are some of my best options out there. You could still consult with your travel agent to get more options 

3. Fill Out the Application Form Which Should look like this:

  • Personal Data: This section of the form will require your personal information. Your names, date of birth, gender, occupation, marital status, nationality, and passport number.
  • Next of Kin Information
  • Destination details and duration
  • Contact information
  • Other additional information: This could be health-related questions.

With these few steps, you could secure a travel insurance certificate for your next journey in Nigeria. But we have different types of health insurance plans, so which one should you choose? Check here for a guide

Types of Travel Insurance in Nigeria

We have three types of travel insurance in Nigeria for your different kinds of trips. They are;

1. Local Travel Insurance

This is quite new and isn’t recognized and provided by most insurance companies. As the name implies, it covers all risks involved when traveling within the country.

Local travel insurance goes beyond flight trips to journeys by any other means of human transportation in the country. So, you can rest assured that your next road trip is covered, in case you get to incur losses or damages.

Sadly, only a small number of firms offer this at the moment and this could lead to a highly-priced insurance plan. 

2. Schengen Travel Insurance

Schengen is the most popular type of travel insurance of the available plans in Nigeria and quite rightly so. It covers you for trips to most European countries – Schengen countries. This is composed of 26 member states from the European Union.

This is compulsory if you would be traveling to any of the countries in this region. As you get your Schengen Visa, you’d be prompted to get this form of the insurance certificate. Due to its popular nature, it is quite easy to secure one.

It has a medical cover, alongside other uncertainties that could arise from your journey. But this doesn’t affect your existing health plan, as it is more of an emergency in case of an accident.

3. International Travel Insurance Plan

Another type of insurance plan available in Nigeria is an international plan. This plan covers trips to destinations to the rest of the world, but not the Schengen countries. You could travel to any American, Asian, African, or Middle East country with this plan.

All risks involved in the journey to any of the countries in these regions covered by your insurance plan are taken care of. A major drawback is the lack of a body that ensures standards are respected. As such, what you might get as compensation may vary depending on your insurer, destination, and more.

How Much is Travel Insurance in Nigeria?

We’ve seen the different types of travel insurance offered in the country, and you may want to go ahead and purchase one for yourself. It could be quite stressful getting to know these plans as a newbie which is why I’ll be giving you an insight on what to expect.

This will help you in effectively planning out your budget before getting out there to purchase one. Kindly note that the figures below are not the actual figures and could change at any moment, these are estimates from various travel insurance firms in the country.

Here is the cost of travel insurance in Nigeria;

  • Cost of The Schengen Plan

As I mentioned earlier, this type of insurance applies to all European countries in the Schengen region, which is about 26 countries. Here you have some of the popular European nations on the list, so be rest assured that you’ll be covered when visiting any of these nations. 

The good thing about the Schengen plan is the standard which is maintained by all insurance firms, both within and outside the shores of Nigeria. One of those standards is a payment of up to €30,000 for emergency medical expenses.

For the Schengen travel insurance pricing in Nigeria, individuals who wish to visit any of the countries in this plan would have to pay between N2,500 to N4,000 for a single day trip. Families with a size of 2 – 6 people could get a good travel insurance plan ranging from N4,500 to N6,000 for a single day trip. For companies who offer “Multi Trips” plans, there could be a corresponding arithmetical increase in price, as the number of trips increases. 

  • Cost of the International Plan

The international travel insurance plan in Nigeria applies to all countries around the world, excluding the Schengen countries. It could be the Ghanaian brothers in West Africa, China in Asia, or even the United States in North America. 

A major concern though is instability in pricing for nations covered by this plan. The pricing is usually determined by the proximity of the destination country to your resident country. So in essence, the longer the destination, the more expensive it’ll be. They may be few exclusions to this, as other factors are also considered.

Moving on, here is what you should expect as the actual pricing of the international insurance plan in Nigeria; an individual traveling to any of the African nations should expect to pay between N3,000 – N6,000 for a single day trip. Traveling to most Asian countries like China, Japan, Korea would also cost you between N3,000 – N6,000. Trips to the United States and other neighboring countries go for N4,000 – N6,000. 

Basically, here’s a snippet of what you should expect from both plans;

Cost of Insurance Plan in Nigeria: Schengen Vs International

Duration

Schengen Region

Worldwide

7 Days

N10,000N11,000~

14 Days

N18,000

N21,000~

30 Days

N27,500

N30,500~

60 Days

N36,000

N39,000~

90 Days

N44,000

N50,000~

180 DaysN82,500

N91,000~

 

These travel insurance plans (Schengen and International), could come in handy in any event of medical emergencies, delayed departure, canceled trips, emergency evacuation, and lost luggage. So you may want to get one before heading for your next trip.

So, if you’ve read this blog post so far and you think getting an insurance plan might not really be necessary, here are few things you need to know;

Why you need a Travel Insurance Plan in Nigeria

The question is, why do you even need a travel insurance plan, is it even necessary. Well, here are some good reasons to acquire one;

1. Take care of Medical Emergencies

If you happen to find you need medical support in a foreign country, a travel insurance plan could come in handy. Little wonder it is called “travel health insurance” in certain places.

2. Cushion Additional Expenses

Getting to spend beyond our budget due to certain factors may be a frustrating experience, but with a good travel plan, you can cushion the effect this has on your pocket.

3. Lost Luggage? No Problem!

Unfortunate events which we may find our luggage with valuable items missing isn’t one of the best ways to enjoy a trip. But sometimes, these things are inevitable no matter how careful we tend to be. Which is why you shouldn’t hesitate to get a good travel insurance plan on your next journey.

4. Alternate Means of Transport

In any event, where you may need to be transported via other means for certain reasons, a good plan will surely take care of this. Having this would make your trip worthwhile.

CONCLUSION – Getting Travel Insurance in Nigeria

We looked at the various reasons why you need a good travel insurance plan in Nigeria, and some of the best places to get one. This is going to save you a lot whenever you travel…

Don’t forget that it is important to have your health insurance certificate ready, and other requirements mentioned above. If you’re confused, you can ask a question and I will help you reach out to a reputable insurance agency for the best assistance.

So be sure to get travel insurance for your next journey!

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15 High-Paying Digital Skills to Make Money Online in Nigeria

Stephen Gbolagade
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15 High-Paying Digital Skills to Make Money Online in Nigeria

During this Corona Virus outbreak, millions of people have come to realize that they need to find a way to make money online, but without being equipped with good digital skills in Nigeria, you’re not going to make a good income. I won’t deceive you, all those Ponzi schemes you’re joining can’t give you a promising future online.

And as well, if you rely on your vocational skills such as local tailoring, fashion designing, or any crude work you’re currently doing, then I’m using this opportunity to tell you that, it is high time to learn a digital skill. Note that, a digital skill is a passive way to earn income online, that is, you don’t need to quit your current job at all.

We live in a digital world; with everything being automated, making life much easier. However, these may feel, the number of personnel available to make all these possible is quite limited. With this, there’s a demand for individuals with these skills.

Here are the top Digital Skills in Nigeria to Make Money in Nigeria;

1. Artificial Intelligence

Imagine a machine or a computer doing what you’re doing now as a human being; remember, we were taught in secondary school that machines are more efficient than humans. Imagine such efficiency; in addition to doing human-like things. Well, you have to stop all the fantasies and awaken to the reality before you; AI is here to stay!

Inasmuch as Nigeria isn’t completely digitized, we can’t deny the fact that we’re slowly getting adapted to an AI-powered society. This is evident in our smartphones, cameras, chatbots, digital assistants (Siri, Google Assistant, and Cortana), and even AI-powered cars. All these machines mimic human activities and carry them out more efficiently.

If you’re someone with such skill in Nigeria – to train machines to perform human activities, you’re a valuable asset! The tech market in the country is not that big with individuals with such skill, and this means you get to be well paid.

Currently, a young Nigerian guy is a high-paid roboticist in the world. What does that mean? It means that with good digital skills like knowledge about Artificial Intelligence in Nigeria, you can become a well-paid geek.

2. Machine Learning

Have you ever wondered how YouTube suggested videos you may like while watching, how Twitter suggests people you may like to follow, how your smartphone keyboard suggests words that fit in your sentence, or how online stores put their ADs on your social feeds and apps; I guess these are all cool features. All these are made possible through machine learning.

Machine learning, which is a subset of artificial intelligence; uses mathematical and statistical algorithms to learn the pattern of things over time. Human behavioral patterns can be studied through machine learning thereby making it possible to do things easier.

This important skill makes it easier for businesses to process huge amounts of data. It is useful in financial institutions, government agencies, health care, and oil and gas. So, those with good knowledge of this digital skill get to make a lot of money in Nigeria.

3. Data Science

Since we entered the digital era, the amount of data has greatly increased. These data need people who can analyze, process, and put into use. As a data scientist, you’re basically dealing with the science of data.

There are quite a lot of different data; financial data, health data, social data, and many more. All these help organizations make better decisions based on the data collected. It’s also used to enhance productivity, and also aids in big research projects.

In Nigeria, the services of data scientists are in great need as it would help to simplify certain tasks across various sectors. So, you might want to learn this skill right now if you don’t have the knowledge already.

4. Data Engineering

Just like machine learning is a subset of artificial intelligence; so also is data engineering a subset of data science. It’s basically the same learning style but the engineers focus more on the programming aspect.

Data engineers help in fetching and implementation of the data to be worked on by a data scientist. This will require a lot of programming skills that a scientist may lack. In Nigeria, these two work hand-in-hand alongside other professionals. 

5. Cybersecurity

The world we live today can be divided into two; the offline world, and the online world. The latter has security agencies and law enforcement agencies. How about the online world? We have cybersecurity personnel. They safeguard the Internet; preventing malicious activities that seem to go on every day.

Recently, the American Justice Dept sanctioned 6 Nigerians for various forms of cybercrime. These forms of crimes are at a high rate due to the fact that we have a small community of cybersecurity experts in the country. This makes it a viable digital skill to have in Nigeria.

6. Cloud Computing/AWS

Gone are the days where people spent huge amounts on hardware infrastructure. Today we have a virtual space we call “cloud” which can be used for data storage, networking, software, and many more.

Making all these services available to both individuals and corporate bodies is the job of cloud computing personnel. This saves the cost it takes in storing huge chunks on a hardware device; making it available remotely anywhere in the world. Cloud computing has received wide attention lately and having such skill will bump up your finances in Nigeria

7. UX/UI Design

Beauty is something we all love to associate with – especially, external beauty. Gone are the days of generic designs that were present in most digital products. Today’s business world requires the services of a UX/UI designer to capture the hearts of customers.

Design now plays a major role in marketing, and the overall success of your business. The UX; which deals with knowing what kind of design would attract your target audience, and UI; which deals with the actual design of digital products, make your business stand out. 

This is getting quite popular in Nigeria; with some big names doing great stuff in this field. You’re well paid in Nigeria if you have any of these or both.

8. Mobile App/Game Development

This is a pretty big industry considering the number of smartphone users in the country. If you’re reading this on your phone, you’re making use of an app that enables you to do so. After this, you would switch to another app or game. All these apps serve various purposes.

READ: Best Apps to Make Money Online in Nigeria

In Nigeria, the app development market is a fast-growing one; with lots of local companies creating mobile applications for their products and services. Those with a good knowledge of mobile app development are well paid in the country since we have a little community that is growing. You can choose to make apps for either Android or Apple iOS or even both.

9. Software Development

Year after year; month after month, we get to see the launching of PCs with great aesthetics. These devices no matter how dope they tend to look, are quite useless without software in them. Now if you don’t know, the software is what drives all the hardware components, and there are different types of software. 

In Nigeria, the software is being created daily to serve various purposes; be it business, entertainment, gaming, utilities, and more. We have a good community of software developers in the country at the moment. Also, software development is a very broad field with lots of sub-fields to choose from, and if you have this skill, you have a valuable asset that won’t go away in years. 

10. Web Development/Design

What you’re looking at right now was made possible by a web developer/designer. This site and many more like this; where you get to see informative posts like this, were all made to come alive by a developer, and designer for the aesthetics. 

This skill is one of the top-paying digital skills in Nigeria at the moment, and it’ll continue to be. Reason is: every business in the country is going digital, those who haven’t already, are making plans for it. Businesses don’t remain in the offices, they’re now exposed to the world outside their physical office through their website. 

There are some web design and digital marketing agencies across the country that are earning millions of Naira with this digital skill.

11. Content Marketing

The battle for customers in today’s business world is very fierce – although on the surface it may not look like it, it’s the fact! Marketing has gone from the traditional model we knew to a more modern pattern. Content marketing – which is one of those ways, is geared towards creating content for an audience. 

Content may be social media posts, blog posts, podcasts, videos, graphics in addition to products and services. Top brands today will definitely need your services as a content marketer; to help in attracting their target audience and in the long term, turning them to customers. 

  1. Graphics Design

Graphics design is another top paying digital skill in Nigeria. It deals with the creation of visually appealing content in order to communicate a product or service. This is done using flyers, banners, billboards, webpages magazine, and even via mobile applications. 

If you are proficient in this field; having good knowledge of all the required tools needed for design, then you have a huge market of opportunities waiting for you. Learning this might take some time, but it’ll be worth it. In addition to this, improving your creativity is an added advantage. 

Graphic designing is a good digital skill to make some pretty good money in Nigeria, as different institutions, startups, and individuals need good branding. If you know your onions as a graphic designer in Nigeria, you’re going to make a fortune.

But I’ll advise you guys to upgrade and learn UI/UX designing.

13. Digital Marketing 

The title of this post talks about “digital skills”. Seeing that we live in a digitalized (computer-based) universe, everything tends to be done in this manner. Digital marketing uses digital means to publicize your product, service, or brand. 

The means with which digital marketers do this include; SEO, SEM, email marketing, social media marketing, and many more. This mode of marketing is more streamlined and really effective if you want to see significant growth in your business. With this in mind, digital marketers are held at high esteem, making it a profitable skill to have. 

14. Social Media Management 

We all love social media! In fact, studies show that on average a person spends above 2 hours of their 24 hours on social media. It is no wonder the likes of Facebook and Twitter are among the sites with the most traffic on the Internet. 

This means a lot for businesses; that’s why most brands in Nigeria pay social media managers good money to be their voice on these platforms. Social media managers grow the online presence of brands by creating awareness of their ideal audience. This awareness in the long run will invariably lead to business growth. 

  1. Programming 

This skill is the last on our list, but despite its position, it is one of the most important digital skills that isn’t going away anytime soon. In fact, programming is the bedrock of some of the skills listed above. 

Having good knowledge of programming languages is key to knowing some skills above. For a programmer, you’re really important to the ICT world as you create programs that tend to solve certain problems. 

The good thing about it. programming is the vast majority of languages to choose from, so you’re not restricted to learning any language. 

Currently, Python, Ruby, and JavaScript are leading, but I’m not saying you should start with them. Try to start learning from basics and upgrade your programming skills later on. Freecodecamp.org and other top programming course websites are ready to help you get started.

Rounding off – Top Paying Digital Skills in Nigeria

When it comes to digital skills, there are quite a lot of them out there, these are the top 15 high-paying digital skills in Nigeria at this point in time. The good thing with digital skills is the ability to learn online for free (on some platforms) and at your pace, why not try getting one if you don’t have one? If you have, do share your experience in the comments. 

Also note that all these digital skills are not just high-in-demand in Nigeria, but they’re hot worldwide. Even, if you learn any of these skills, the best way to make money with it is, through freelancing platforms such as Fiverr, Upwork, etc.

10 Best Referral Apps to Make Money in Nigeria

Stephen Gbolagade
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10 Best Referral Apps to Make Money in Nigeria

Do you know there are some referral apps to make money in Nigeria? Yes, they are and I’m going to show you a few of those apps that I recommend for people who’re thinking of making money online without a capital.

If you’ve been looking for a way to earn extra cash, make some money online while using your smartphone, or you’re just looking to have multiple streams of income, then you will need to stick around to see how you could make some money with the referral apps I’ll be sharing with you right here.

Before we begin, there are certain things you need to have your mind;

Pros and Cons of Referral Apps to Make Money in Nigeria

1. The amount is usually small

This is the reality you have to face when using these services or mobile apps which ask you to refer and earn. The amount you get per referral isn’t that big enough, but it could be enough to recharge your phone and buy a data plan. 

With this in mind, many people get discouraged and never make any effort. But the truth is: you can make a lot of money from referral apps in Nigeria. 

2. Your earning potential is unlimited

Maybe you don’t know this, but hey, it’s the truth! The key to making much or less cash is dependent on you; how many people can you get to begin using the service, the more people that use your link or code, meet the necessary requirements, then the more you can earn. 

There are lots of smart ways to do this; make use of your social handles, your instant messaging apps, your blog, or website, whichever you have.

3. You don’t need a skill

The apps I’ll be sharing with you today are quite useful in different aspects besides the referral benefits. As useful as they are, they don’t require any form of skill; if you can make use of a smartphone, then these apps will come in handy. 

Generating a referral link or code is quite easy; some even generate these for you. 

So if you’re ready to start making money, join me as I show you these money-making apps…

P.S. All these apps can be found on both the Google Play Store and Apple App Store.

 The Top 7 Referral Apps to Make Money in Nigeria

1. Piggyvest App

Piggyvest is a savings and investment platform that gives you lots of benefits. With Piggyvest, you can save money for rainy days, save up for that project or item you wish to purchase, you could also save just for the sake of saving.

The mobile apps encourage you to develop a saving habit, which for me is really helpful and could help in many ways. While saving – which is the primary aim of the app, you get to enjoy interests on your savings. These interests come in on a monthly basis, and they are much better than what your commercial bank gives you.

You also make money for referring your friends to use Piggyvest; anyone who signs up with your referral link completes their profile, gives you, and that person N1,000 each. The money will be unlocked to your account when the person fulfills all the requirements.

Now, Imagine you send your Piggyvest referral links to like 50 people either on WhatsApp, Facebook or you just recommend the good stuff Piggyvest is doing, and 15 people sign up till they complete their registration, you’ve made N15,000 without any hard labor!

Pretty good, right? 

To start making money from the Piggyvest referral program, click this link to register and you’ll get N1,000.

But you must also complete your registration and deposit some money to show you’re ready to start saving with them. Finally, tell other people you referred to do the same…

Nobody is going to lose, you’re all going to make money from these referral apps.

2. Chipper Cash App

The absence of a unifying currency makes it a challenge to send and receive money across Africa. With Chipper Cash, this challenge is made easier as you can now send and receive money from Nigeria to any of these African countries: Ghana, Kenya, South Africa, Uganda, Tanzania, and Rwanda.

Chipper Cash makes it easier to send and receive money to friends, families, colleagues, and business partners in any of these countries. While sending money, you can make some extra cash by referring your friends to use the Chipper Cash; and you can both make more money by referring more friends to start using Chipper Cash App.

3. Branch App

The branch is a lending platform that offers you personal loans to finance your personal projects. That is; loans from Branch are designed to meet personal needs rather than business needs. With a few easy steps, you get to sign and receive your first loan.

Getting a loan is quite fast after approval, it’s disbursed to your account within 5 minutes. 

Also, Branch offers some of the best rates on interests. If you refer a friend, you both get N500 as a reward. The more people you refer, the more money you will earn.

4. JumiaPay (formerly Jumia One)

JumiaPay, formerly Jumia One, is an app by eCommerce giant in Africa, Jumia. This apps lets you send or make payments online easily. With JumiaPay, you can make bill payments like; cable/TV subscription, electricity bills, airtime, and data. 

You can also make hotel reservations, book a flight, book a ride, purchase movie tickets and also, order for food.

JumiaPay provides a safe gateway for initiating these payments; either from your bank account, debit card, or credit card. Transactions are free, and you also get discounts for certain transactions, therefore, saving money in the process. 

Inviting your friends to use this app gives you N500 when they spend above N500 in purchases or bill payments.

I could remember that I used my first N500 to buy airtime on the same app, lol 

To be serious, JumiaPay is one of the best referral apps to make money in Nigeria, and I don’t need to tell you who Jumia is, do I?

5. BuyCoins App

Buycoins.Africa is one of the leading apps we have in Nigeria where you can buy and sell cryptocurrencies like ETH, BTC, Doge, XRP and many other coins available on the platform. With the BuyCoins Pro, you can trade just like other Decentralize trading platforms like Binance.

But how can you make money with Buycoins App?

Referral Apps to Make Money in Nigeria
Buycoins – Referral Apps to Make Money in Nigeria

Aside from using the App to trade or, do P2P exchange, you can make money on Buycoins through its referral program.

All you have to do, is to recommend Buycoins to someone who want to get into cryptocurrency; maybe someone who want to buy Bitcoin for example, and Buycoins will compensate you for that.

Buycoins is one of the top 10 referral apps to make money in Nigeria, not just because they’re trusted but also, they pay N1,000 for each person you referred.

Note that that person must join using your referral link, complete the sign up and proceed to buy crypto worth N5,000.

If you’re interested, click here to Join BUYCOINS, start trading cryptos and start making money when you refer your friends to do the same.

If you’re new to Buycoins and you just sign up with the link above (or here), you must also complete your registration, buy crypto worth N5,000 before you can be able to earn.

6. Carbon App

This was formerly known as PayLater. In previous times, it offered loans to all its users. A few years ago, it changed the nomenclature to Carbon, and with that change came a lot of functionalities. 

Today, you can take loans, invest money, and make payments securely on the Carbon app. As a Nigerian, you get instant loans of up to N1 million for any purpose.

Everything on the app is done free of charge; free transfer of funds, cashback on an early loan payment, zero charges on bill payments, and collateral-free loans. 

You can earn extra money on the Carbon app by referring your friends. The amount per referral is N500 which you get when they repay their first loan.

7. Cowrywise App

This is another saving and investment platform that lets you save money securely. Cowrywise offers some of the best returns on investment with its awesome rates. It also offers bank-grade security for all your savings and investment.

In a bid to help you earn more, Cowrywise rewards you and your friends for using their services. Basically, you and your friends get N250 when they sign up with your referral link or invite code. Subsequently, you can earn as much as N350 per referral as a Campus Ambassador, or N500 per referral as a Corporate Ambassador.

If you’re in school, you can make money from this referral app in Nigeria by recommending to your course mates, friends, and a blast to student discussion groups (if it’s allowed).

8. FairMoney App

FairMoney is an app with lots of financial benefits. You get access to loans of up to N500,000 on the app with no form of collateral. Once you submit your application, it’s quickly reviewed and you get a loan you’re eligible for. 

Asides getting loans, you can do much more with the app; you can make bill payments, buy movie tickets, purchase airtime and data, all at a discounted rate. Inviting a friend gets you N500 as loan discounts.

9. Luno App

From the title, you should understand that this app lets you buy various kinds of cryptocurrencies, especially BTC and ETH. You can as well sell your digital currency to other users, easy and fast. 

Aside from trading, you can use the Luno app as a wallet to store your money. This makes it easier to conduct trade on the app. For each invited user that buys bitcoin worth N5,000, you get a little token of N250 worth of BTC to start building your crypto portfolio. 

And the amazing thing is that the N250 worth of BTC can turn to N2,500 BTC if the price of bitcoin crazily rises.

To get started, click here to register on Luno and you’ll be awarded your bonus when you buy another coin.

10. VFD Bank App

Ok, off your hat for the big daddy!

VFD bank is just like Piggyvest or Cowryrise but, V has some amazing features that make it stand out among these save and invest apps in Nigeria.

With V Bank, you can send or receive money to/from anybody with any bank account in Nigeria and, you can set daily or monthly budgets, pay bills online, and do a lot of amazing stuff with the V bank app.

VFD Bank is a platform that’s fully supported by award-winning music producer and record label owner, Don Jazzy, and the like of Cubana Chiefpriest with some notable celebrities.

Learn more about Vblank Ng here…

So, how is V Bank a good referral app to make money in Nigeria?

Well, there’s a program called “Veelager” on the platform which allows you to earn by referring people to start their new bank on VFD.

In the first step, that’s if you refer 25 people to start banking with VFD and they did, you’ll earn N30,000 if they start banking just like they do with other banks in Nigeria. 

N30k is not the maximum, if you put everything to this VFD’s villager program, you can earn up to N2m in a month!

To get started, copy this code ? N8AXD then go to play store to download the VFD app, enter this code as referral code to start your journaling to the V world.

And that’s it about – Top Referral Apps to Make Money in Nigeria

Note that few links are affiliate links. If you sign up and start taking action, I may earn a commission, which you can also earn if you refer other people to join you.

I’ll wrap this up here, which of these apps have made you some money? Do you have any others not listed? Kindly let me know in the comment box below.

And if this blog post helps you, can you share with your friends on social media about these referral apps to make money in Nigeria? If yes, click on the floating social media icons here.

You can also subscribe to the mailing list in other to receive a notification whenever I publish a blog post like this.

Au revoir!

How to Buy and Sell Bitcoin on Truexgold in Nigeria

Stephen Gbolagade
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How to Buy and Sell Bitcoin on Truexgold in Nigeria

Ever heard about TrueXGold.com? Or have you been looking for an easy, reliable but yet, profitable, and quick way to buy and sell your bitcoin in Nigeria? If yes, then look no more, as I’m going to introduce one of the best digital currency exchangers in the country to you right in this blog post.

And I will also show you how to buy and sell bitcoin on Truexgold; which is one of the many digital currencies you can exchange on the platform. Before I show you these steps, let’s take a look at bitcoin – the currency we’d be exchanging here;

If you’re new to bitcoin, you might have been asking that;

What is bitcoin?

Bitcoin is a digital currency that has been around for a decade and counting. It’s a form of money, but unlike the conventional money, it is decentralized; it has no bank regulating its flow. 

Over the last couple of years, bitcoin is slowly getting wider acceptance as many merchants now accept it as a means of making payments. If you also work online, most platforms have an option to pay you with bitcoin. 

In certain countries, the currency has begun to get more credence, it’s being slowly used but not regulated. 

Despite all these, trading bitcoin is one good way of making money online, this can be achieved in many ways like exchange and mining. We’ll be discussing the former, but you may ask, why should I invest in bitcoin? Is it even worth it? Well, the answer is yes, and I’ll tell you why.

Why Invest in Bitcoin in Nigeria?

This is the question on the minds of many, and I’ll start by saying this: when a thing is owned by many people, it has little value; if it’s owned by a few persons, it is valuable! 

Presently, bitcoin is the most valuable form of money in the world; more valuable than the United State’s Dollar, Pounds, Euro, and all other forms of conventional and digital money. 

Although its price is inconsistent – which is the thing with all forms of money, it still holds more value, and one can make money whilst trading it for other conventional forms of money.

One of the cool reasons why you should consider looking into this currency is its flexibility as a means of payment. You can send money to anyone, and anywhere in the world without any form of restriction, no bank could block you for carrying out transactions with it, government policies are non-existent in the world of bitcoin. 

Most Nigerians make money trading bitcoin, and some have lost money in this business which is quite unfortunate. The big problem is that there are lots of bad apples in the crate, lots of scammers posing to be legit, and you might easily fall prey to their antics. 

To help salvage this situation, I’ll again love to introduce you to Truexgold.com – a platform for cryptocurrency exchange; with all the major currencies available.

TrueXGold.com will buy your bitcoin or sell to you without cheating or “ripping” you. But most people ask, which you might have also been thinking right now that;

Is Truexgold.com Legit or Scam

Truexgold is legit! 

Truexgold is a cryptocurrency exchange platform where any Nigerian can exchange various forms of digital currencies. But the most bankable reason about this platform is that it has been around for quite some time now, and so far, they’ve remained true to delivering the best crypto exchange service in Nigeria. 

Well, a man can be old with grey hair and still be useless. But Truexgold.com has been in the bitcoin buying and selling game for a while, and they’re still useful, strong, and legit.

A lot of positive feedback has been given by users of this platform, this speaks volumes of their credibility in this field. You can check them here: https://truexgold.com/reviews/

It’s pretty easy to exchange any form of currency via Truexgold.com; they’ve got highly skilled personnel who put in their “A-game” to make sure you keep coming back for business. 

Truexgold offers some of the best rates in the market across all the available currencies. They have a partially automated system that makes transactions much faster and efficient. 

Visit https://www.truexgold.com to get started. Signing up should take some clicks and you could begin exchanging right away. 

Requirements to Get Started on Truexgold

Before heading on the start exchanging, here are certain things to have;

1. You Must be a Nigerian: 

Truexgold is currently serving Nigerians and so to be able to carry out any transaction, you have to be a citizen.

2. A crypto wallet/address:

This is where you hold your digital currencies. There are quite a good number of wallets out there, kindly make sure you have one already.

3. Bank Account:

This is a no-brainer! Anyone willing to engage in financial transactions ought to have this. 

The requirements below are not compulsory but may be needed for additional verification. Without verification, there are automatic limits imposed on your account, and you may not be able to carry out a certain volume of transactions without a verified account. 

In order to verify, you need to have carried out at least 10 transactions on this platform, with addition to the following;

4. A Regulatory ID Card:

Having any of the government-issued ID cards is important here. Truexgold suggests you have either an International Passport, National ID Card, or a Driver’s License, any of these will work just fine.

5. Face/ID/Date Verification:

This is done by most crypto exchange firms; you have to take a picture of yourself holding your ID card and a paper showing the day’s date. So, your picture should clearly show your face, your ID, and a paper with an inscription of today’s date if you’re signing up today. 

Below is what it should look like:

Truexgold Verification Demo

6. Phone Number:

You should get a call from the account operator to verify your number.

These are what you need in order to start exchanging on Truexgold.com; with these in place, I think it’s time I show you how to buy and sell bitcoin on Truexgold.

 How to Buy bitcoin on Truexgold

Buying bitcoin via Truexgold is quite easy, and you can do that with these few steps;

  1. Visit their official and only website: https://www.truexgold.com.

For mobile users, you would need to switch to the original website by tapping on the “Go to Original site“, which can be found at the bottom. This is the best way to transact.

2. On the site, tap “Exchange” on the horizontal dashboard

Truexgold Exchange

 

3. Since we’re buying bitcoin, we have to select Naira (NGN) on the left, which should show us a handful of options on the right, which we’re to select BTC.

Naira to Bitcoin on Truexgold

4. Click on “Bitcoin BTC” on the right, or the Bitcoin logo, to enter the exchange panel

5. On the panel, fill out the required information, answer the mathematical captcha, then click on “EXCHANGE”.

N.B. The minimum amount you can buy is N4,000.

6. Right after that, you’d be promoted to create order; read and agree to the Ts and Cs, then select “CREATE ORDER”

Buy Bitcoin on Truexgold

7. On the next page that pops up, you’d be given instructions on how to pay and verify your payment. Follow the instructions, submit the required information, and then tap “PAID”.

How to Pay on Truexgold

8. Upon verification of the transaction, your corresponding value of BTC would be sent to your wallet. This usually takes between 5 minutes – 1 hour during working hours, but could be longer outside working hours.

These are the steps to take in order to buy BTC on truexgold.com

But sometimes, you may have bitcoin in your wallet and you need to sell it. So, what if you want to sell bitcoin on Truexgold? Well, here is…

How to Sell bitcoin on Truexgold

  1. Repeat steps 1&2 above.
  2. For the sale of bitcoin, we are to select BTC on the left.

Sell Bitcoin on Truexgold

N.B. On Truexgold, you pay on the left and then, receive on the right.

  1. Tap on the Naira logo on the right. You’d be taken to the exchange panel.
  2. Fill out the required information, take note of the minimum BTC value, solve the mathematical captcha, then select “EXCHANGE”.
  3. On the next page, you’d be shown a brief summary of your transaction details. You need to accept the terms and conditions, then select “CREATE ORDER”.

Create Order on Truexgold

  1. Next up, you would be given an address to pay the required amount of bitcoin. After successful transfer, verify your transaction, then select “PAID”.

How to Pay on Truexgold with BTC

When confirmed, Truexgold will send the equivalent Naira value to your bank account.

That’s all – On How to Buy and Sell Bitcoin on Truexgold in Nigeria

If you have any question or face any technical issue, you can see how to contact the Truexgold.com’s admin on the website or better still, you can use the following to contact them;

Skype: Truexgold.admin

Email address: Hi@Truexgold.com

Telegram: OfficialTrueXgold

Contact form: https://truexgold.com/feedback/

Remember, this is a legit exchange platform, so you have nothing to worry about. Just follow the instructions, get your account verified, and you could exchange all day, no matter the amount but below 100BTC tho.

If this blog post is helpful, kindly share with your friends by clicking on the social media icons floating here. If you have any questions regarding buying and selling bitcoin on Truexgold, please contact the admin responsible using the contact details above.

Also, I’ll be happy if you can tell me and other readers your experience on Truexgold.com by using the comment box below.

10 Best HMO in Nigeria (2022) & Their Contacts – Health Insurance

Stephen Gbolagade
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0
10 Best HMO in Nigeria (2022) & Their Contacts – Health Insurance

Do you want to know the top Health Maintenance Organization or HMO in Nigeria? If you’ve been following our updates, you might have seen why getting a health insurance plan in Nigeria is quite beneficial. 

Despite the less complicated process of achieving this, a huge problem lies in choosing the best or one of the best. Which is why I’ll be showing you some of the top HMOs in the country you might want to check out.

The government has its own scheme (the NHIS) which addresses this need, but this leaves you with little to no options. Conversely, the private HMOs give you a wide range of options to pick from. Also, the services are flexible and meet the demands of varying personalities. 

There are various ways to get a good and affordable health insurance plan in Nigeria: one of those ways is through an insurance broker. And also, the best way to get a reliable health insurer is to find a good Health Maintenance Organization or HMO in Nigeria.

Recommended: Who’s an Insurance Broker Vs an Insurance Agent?

There are lots of HMOs out there which could help in simplifying the process of getting a plan. But you may want to know;

What is an HMO in Nigeria and How Does it Work?

HMO is an abbreviation for Health Maintenance Organization. It is a network or a company that gives provision for health insurance coverage for a certain period of time (either monthly or yearly). Basically, this organization is made of medical or health insurers who work together to make sure their clients are given proper medical care by doctors at a very discount fee.

Let take a look at top Health Maintenance Organizations in Nigeria below

Health Insurance: Top HMO in Nigeria & Their Contacts

1. Hygeia HMO

Hygeia is an award-winning health management organization with a presence in Nigeria and some other African nations. Since launching in 1986, they have been a reputable name in the private health sector of the country. 

With branches scattered across various states; they are able to provide world-class health services to all and sundry. They remain focused on improving the health care of Nigerians, this they do by offering a wide variety of plans to suit your needs.

How to Contact Hygeia HMO in Nigeria:

Address: Bank of Industry Building (BOI), 2nd Floor, 21/22 Marina, Lagos.

Hygeia HMO’s Tel No: 08120910005, 08087183142, 08189242956

2. AVON HMO

The second best HMO or health management organization in Nigeria on our list is AVON. This is another wonderful care provider with lots of health plans to choose from. Avon provides one of the best health insurance plans in the country; they are not only great but affordable. You don’t have to break the bank!

To make things easier, you could get a plan today by signing up online. With the customers at heart, they have a 24/7 contact center where you can lodge complaints and get help from their expert team of health professionals. 

You also get a large network of health care centers across Nigeria which is a big plus for you.

How to Contact Avon HMO in Nigeria

Address: 29 Rumens Road, Ikoyi, Lagos

Telephone: 01-2779800, 07002779800

3. Liberty Health/Total Health Trust HMO

THT is another wonderful option worth checking out. It’s an international brand with a presence in almost half of the African continent and more. Nigeria seems to have enjoyed quite a lot since operations began in the late 90s.

THT offers a good number of health plans for corporations, SMEs, individuals, and even multinationals. These plans are quite good, with awesome benefits which gives you good value for money. 

In Nigeria, they’ve got over a thousand health care providers scattered around the country, this makes it easier to get sound health services no matter where you find yourself.

How to Contact THT HMO in Nigeria

Address: 2 Marconi Road, Palmgrove Estate, Lagos.

TEL No: 07090858575, 07090858202, 08034021430

4. Integrated Healthcare HMO

In a fast-changing world with lots of innovations being brought to the fore, certain health problems rely on technology to get better results. This is what you get from an HMO in Nigeria who doesn’t just treat these problems but is focused on preventing these problems. 

With constant enlightenment, it’s much easier to have a healthier society by adhering to preventive measures.

Integrated Healthcare caters for different levels of society; from small businesses to large corporations, tertiary institutions, and individuals at large. With care centers around various parts of the country; they have been able to provide good health services, which is well monitored by a team of experts in different fields.

How to Contact Integrated Healthcare HMO in Nigeria

Address: 12 Jos Street, Area 3, Garki, Abuja.

Tel No: 08070833373, 08051322662

5. Prohealth HMO

This is another household name in terms of healthcare delivery in Nigeria. They’ve been around for quite some time with a lot of positive remarks from customers.

Prohealth partners with hundreds of care centers around the country to give customers the best of health services. Their plans are efficient, yet affordable, to cater for a vast variety of individuals and businesses.

How to Contact ProHealth HMO

Address: 62 Lobito Crescent, Off Ademola Adetokunbo Wuse II Abuja.

Tel No: 08062691967, 08033497651, 08033903647

6. Novo Health Africa HMO

Novo is an accredited health management organization operating in Nigeria and other neighboring countries. Their quality of service has earned them a place on our list. 

Their plans are well suited to cater to different personalities; from individuals to retailers and also those in the formal economy.

With a good number of partners, they’re able to carry out regular sensitization across various communities in Nigeria. This, plus their world-class services makes them one of the top HMO in Nigeria.

How to Contact Health Africa HMO in Nigeria

Address: 1, Adekola Balogun Street Off Remi Olowude Street, Lekki Phase I, Lagos

Tel No: 08174602236, 08174602025

7. Reliance Nigeria HMO

Reliance – a reliable health management organization with lots of goodies available to its numerous customers. They provide healthcare services that are quite affordable by almost everyone. 

These different plans are customized to accommodate all in the society; from the high ranking politician to a civil servant working for the government.

Getting a plan with Reliance gives you access to quality health professionals, no matter where you are in the country. You’re also entitled to the best healthcare facilities across Nigeria, with good support and supervision; making sure you get the best care.

How to Contact Reliance Nigeria HMO

Address: 18 Jimoh Oladehinde Street, Gbagada, Lagos, Nigeria.

Tel NO: 0700-RELIANCE (0700-73542623)

8. Swift HMO

The term “Swift” depicts speed. This HMO doesn’t only provide health services in a timely manner, but they employ the services of high-quality professionals, backed by the latest medical technologies, to provide one of the best health services in the country. These services are of great quality, but they are also quite affordable.

Swift is focused on preventive care, which is one of the features of a good HMO. You’re offered free medical check-ups at intervals, access to a PCP for a year, and you also get to learn from their regular sensitization campaigns.

What’s more? There’s 24/7 customer support, the use of cutting-edge medical technologies, and access to some of the best doctors in Nigeria.

How to Contact Swift HMO in Nigeria

Address: 2 Fabac Close, off Ligali Ayorinde St, Victoria Island, Lagos

Tel No: 0701 351 5523

9. Princeton HMO

Launched in 1999, Princeton has continually worked to promote a healthy lifestyle for all Nigerians. They offer some of the best healthcare services which are suitable for you regardless of your age, level of education, or social status.

Princeton HMO bridges the gap between the citizens and medical facilities in the country. This is achieved by partnering with the best hospitals and care facilities in the country, in order to provide top quality and affordable health services.

How to Contact Princeton HMO 

Address: Block A, Suite 30, Alausa Shopping Mall, Obafemi Awolowo Way, Ikeja

Phone: 0700 400 4000

10. RedCare HMO

We wrap up our list of the best HMO in Nigeria with another wonderful brand – RedCare. A firm that is focused on delivering quality health services throughout Nigeria; with plans ranging from corporate to private individuals.

RedCare works simultaneously with expert healthcare personnel to promote a healthy lifestyle in the country. With its network of over 600 hospitals across various cities in the country, they are able to cater for the health needs of Nigerians regardless of their location.

How to Contact Redcare HMO in Nigeria

Address: 41 Gbolade Adebanjo St, Ilupeju 100001, Lagos

Tel No: 0700 733 2273

Rounding Off: Best HMO in Nigeria

So, here are the top Health Maintenance Organizations or HMO in Nigeria. They’ve been set up to cater for all your healthcare needs, why don’t you try any of them and see what difference it makes!

Disclaimer: The addresses and telephone numbers are gotten from NHIS official website as listed here

Don’t forget to share the blog post if it’s helpful to you and If you’re an HMO operating in Nigeria, we can write a sponsored post to review and promote your business, just contact me here and let’s talk.

Explained: What is Insurance Broker Vs Insurance Agent?

Stephen Gbolagade
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Explained: What is Insurance Broker Vs Insurance Agent?

You might have actually been hearing about Insurance Brokerage and an Insurance broker, but may really want to know what these two stands for. In this short explanation, we are to discuss briefly on them, and what are the differences between an Insurance Broker and Insurance Agent.

I’m pretty sure you know what the word “Insurance” means, if NO, it’s simply a mutual agreement between you and a company (an insurer), where you pay a certain amount of money or buying a plan, then the company cover or pay up the expenses whenever uncertain events like accident, burglar or anything bad thing happen.

But there are a lot of processes involved before an insurance premium plan can be bought. 

You really don’t need to bother yourself with the processes or any insurance jargon, all you need to do is to find a good insurance broker and you’re good to go.

So, that’s where we are going; let’s start discussing these terms: Insurance brokerage, Insurance broker, and Insurance Agent.

  • What is Insurance Brokerage?

Insurance brokerage is the business involved guiding people (interested in buying an insurance package) about the DOs and DON’Ts of insurance policies while giving advice about the best and yet, affordable insurance plan to buy and finally, which of the available insurance companies to choose.

Cambridge Dictionary summarized the meaning of Insurance Brokerage as:

The business of providing professional advice and insurance products from a number of reliable insurers.

Now, let’s talk about an Insurance broker.

  • Who’s an Insurance Broker?

An insurance broker deals with the sale of insurance policies in a bid to make a profit. In essence, an insurance broker is one who is into the business of selling different types of insurance plans to both corporate organizations and individuals.

The insurance firm pays them a commission when a plan is bought or renewed by their client(s).

The benefit of Using an Insurance Broker

One good reason to work with a broker when scouting for insurance policies is the level of transparency being offered. Their duty entails discussing with a customer and coming up with an unbiased suggestion that suits your needs. This is because these brokers are not affiliated with a particular insurance firm, but rather, they work with the customers to suggest the best firms based on their overall knowledge of the industry.

In the medical field, the brokers are there to help simplify the technical jargon which is quite prevalent in most policies to the customers. Failure to understand certain terms of the agreement has led to issues like failed claims and many more. 

This is why working with an insurance broker or a top HMO in Nigeria gives you an edge. They also have access to first hand and official information which may be outdated in most online blogs. 

Overall, insurance brokers are quite important to the insured and the insurer; because both parties stand to benefit in various ways from his services.

Now, let talk about an Insurance Agent;

  • Who’s an Insurance Agent?

An insurance agent is just like an Insurance broker, but an agent represents an insurance firm or sells insurance plans on behalf of a company to the clients.

To break it down, let’s talk about the differences between an Insurance broker and Insurance Agent.

  • Insurance Broker vs Insurance Agent: What Differs?

Although these individuals are similar in terms of services provided; the sale of insurance policies to customers. There exists a line in terms of intentions. 

A broker has the customer at heart and tries to ensure they get a good insurance plan. On the other hand, an agent also has the customer at heart, but his affiliation lies with a particular firm. This may lead to bias on the side of the agent; because his plans may not be well suited for your needs.

But note that;

Both insurance brokers and insurance agents act as a medium between an insurance buyer (YOU) and an insurer (Insurance Company)… What differentiates these two is that insurance brokers and insurance agents are who each represents.

An Insurance broker represents the insurance buyer while an Insurance agent represents one or more insurance companies.

That’s it – About Meaning of Insurance Brokerage, Insurance Agent & Insurance Broker

I hope you won’t mix them up again. It is advisable to know what you’re doing in order to avoid being scammed. Apart from being scammed, it is also important to know these terminologies for any reference’s sake.

If you’re an insurance broker or agent, you can put your ad banner or links on this page for people to know about you.

If you’re reading this and think this is helpful, kindly help share the article using the floating social media icons here, or you can as well copy the link for sharing.

Kindly don’t forward to contact me here for anything such as business opportunity, ad placement, or any recommendation. Also, follow this blog on Twitter here and Like on Facebook.

How to Get Life Insurance in Nigeria (Updated 2022)

Stephen Gbolagade
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0
How to Get Life Insurance in Nigeria (Updated 2022)

Have you been thinking of a way to know or get life insurance in Nigeria but don’t know how to start, or what to prepare before you can be a life insured in the country? Today, I will be talking about this, which includes different insurance plans and pricing in Nigeria, requirements, and how to start your application.

You may be asking;

Is Life Insurance in Nigeria Beneficial for Me?

Yes, Life insurance is very advisable for everybody, irrespective of your country, either Nigeria or USA. Because our lives are our most valuable asset, with it we can acquire all kinds of wealth, any good lifestyle and development at different levels.

But what happens when it’s cut short, how do you cater for this uncertainty? This is why you need to get your life insured!

Why You Need A Life Insurance in Nigeria

So why on earth do I need a plan that I don’t get to see the dividends while alive? It’s a good question which most people have asked over the years.

So these are the reasons you need a life insurance policy;

1. Tax-Free Investment

We make investments to see accumulated profit over a long period of time. Sometimes, these investments don’t yield as much profit as we would expect due to certain factors.

One such factor is Tax which is constantly deducted from whatever amount we have. Having a Life Insurance Plan keeps tax away from your investment and is a way to invest in the future.

Seeing that it is Tax-Deferred, you shouldn’t expect mind-blowing discounts. Overall, it’s a good form of investment plan you should look into.

2. Less Post-Death Worries

In Nigerian society, burial ceremonies are some of the biggest events you could witness. It’s an unwritten rule to give “a befitting burial”, so a lot of money is put into it. Not having the funds to conduct the “befitting burial” causes a lot of worry for most.

A good way to get past this situation is by using the money paid to your beneficiaries. This fund, and the accompanying death benefits, will soothe the worries. 

It is not a guarantee that the money gotten will cater for the event, but it’s a good way to support a burial financially.

3. Flexibility

Another reason why you should consider this above any form of investment is its flexible nature. This makes it easier for varying personalities, with different income sizes to have a plan in place in an event of death.

The terms are flexible enough to accommodate each and everyone, not just a particular group. You wouldn’t have to go above your means in order to get a good policy as the respective plans can be adjusted to fit in people of different personalities.

4. Simplicity of Terms

Most agreements similar to this tend to be very verbose, make it difficult for some certain individuals to clearly grasp the contents. This is a sad reality.

Today, most life insurance policies are quite straightforward and easy to understand, employing the use of common, yet professional words and grammar. With this, you know what you’re getting into and how to work your way around it.

Note;

This may sound like something you’ll personally enjoy, but it’s not. It is for your family members (like wife, husband, children, or anybody who’s your Next of Kin).

If you need insurance to cover you personally, consider getting a Health Insurance as well. Oh, I know you’re thinking right now that;

What’s the difference between Life Insurance and Health Insurance?

Note that Life Insurance is different from Health Insurance. And the basic difference is that;

Basically, Life insurance caters to the dead, you don’t get to enjoy the benefits while alive. It’s a form of insurance whereby a certain amount of money is paid to the deceased in an event of his/her death.

While Health Insurance can cater to you while you’re still alive! Check this post to learn more about Health Insurance in Nigeria.

How Life Insurance Works

A premium is paid by the insured to the insurer upon registration, either in one whole payment or periodically as agreed in the terms.

When the insured is dead by natural cause, the benefits are given to the deceased family. Deaths caused by events such as war, riot, fraud, or suicide may not apply to life insurance. Furthermore, in an event of a terminal disease, the funds may be released to the insured before death.

There exist some types of life insurance which offer various benefits with varying requirements. We’ll look into those as we go along, but for now, let’s see how we could get a life insurance plan in Nigeria.

How to Get Life Insurance Plan in Nigeria

Almost all nations have an option of life insurance for its citizens, and so is Nigeria. We’re blessed with diverse insurance firms that offer various kinds of insurance, and you have a wide range of options to pick from.

Deciding to get life insurance in Nigeria could be one of the best decisions made. This eases the worry of your immediate family if you happen to pass away (not untimely by the grace of God). There’s less fuss because a good part of the burial rites would have been taken care of.

So, we start with;

1. Ensure you meet the requirements

Before going ahead to settle for any life insurance plan, some boxes need to be checked to make it a worthwhile process. You may call these requirements or prerequisites, but they all affect the approval of your request or not.

  •  Financial Background

First on our list has to do with money, but this doesn’t make it the most important in the list. However, having a good financial record will improve your chances of getting a life insurance plan in Nigeria, as opposed to people with piles of unpaid debts.

This doesn’t mean you have to be a millionaire, or working in one of the most prestigious organizations in the country, but having a good financial background entails payment of all necessary bills, taxes, and fees. 

This speaks well of your financial discipline and may affect your application in a positive way.

  • Health Information

You’d be accessed on your health condition before getting to land a good life plan. Certain factors like height, weight, blood group, susceptibility to terminal diseases, blood pressure, and more.

Now you should know that you don’t get to be treated if you have a poor health background, rather it affects what you should pay for premiums or get as death benefits. Living with certain health conditions might make it difficult to get a life plan.

The excessive use of alcohol and tobacco have been top of the reasons why most people don’t get accepted. If you already engage in the excessive use of these products, my advice is to reduce their intake or put a stop to it.

  • Current Age

Another important box that needs to be checked is the age factor. There’s no fixed age or age group here, but the use of life expectancy. This plays a huge role in determining your acceptance.

Living with a certain ailment with a certain age may not be accepted, or you may be required to pay higher premiums.

Seeing that Nigeria’s life expectancy ranges between 52 – 55 years we can establish that living above 60 could attract a much higher premium, or possibly declined if you have a threatening health condition.

  • Occupation

Certain occupation makes it impossible to secure life insurance in Nigeria. Occupation, where you are constantly exposed to hazards which may lead to death, don’t often get considered.

Working in an arm of the military may prove difficult in getting a life insurance plan due to the risks involved. You’re are already exposed to life-threatening events on a regular basis. Insurance tries to take care of various kinds of “risks”, but constant exposure to these “risks” will be an exercise in futility on the part of these firms.

  • Sincerity

I know this might sound strange to some people, like how does my being sincere determine if I qualify for a life insurance plan. 

Since this has to do with your health, everything is done under good scrutiny. When asked to fill out certain information on a form, be as truthful as you can, lying to cheat the system wouldn’t be condoned. 

Whatever health problems you have, don’t be scared to indicate, you might end up paying a higher premium than getting rejected outrightly.

After meeting the requirements, then you need to;

2. Choose the Type of Life Insurance

There are some types of life insurance and this should be your starting point – knowing the type to choose.

These life insurance plans come with their respective benefits and disadvantages, pros, and cons. Getting to know which one suits your current lifestyle and future plans is quite okay.

A lot of factors should be taken into account before choosing; things like your current age, life expectancy, signs of life-threatening illnesses, current economic status, and quite some more. 

Remember, you don’t get to see the proceeds of your investment immediately; sometimes it could take ten years, twenty years or more before the insured gets to benefit from this form of insurance.

Types of Life Insurance in Nigeria

We have two basic types of plans of life insurance in Nigeria, which are; 

  • Term Life Insurance Plan

This is the most popular of the two types of plans of life insurance in Nigeria, and the most bought plan. It is by definition; 

Term Life Insurance Plan is a plan valid for an agreed period of time upon which money is paid to the beneficiaries of the deceased. It’s usually between a period of 1 – 30 years, which could be renewed upon expiration.

With Term plan, you’re are obligated to pay a fixed amount as premium at upon agreement of contract. This translates to a fixed amount of money paid to the beneficiaries in any event of your death. 

So basically, when you buy a “Term Life Plan”, there is no interest, it’s fixed.

The benefit of Term Life Insurance Plan

One of the good reasons to go for this plan is its affordability. You have a certain amount to pay, no other additional fees or charges as you go. Also, it’s less complicated since you and the beneficiaries already know what you’re getting as proceeds.

The second type of life insurance plan is;

  • Whole Life Plan (Permanent Life Insurance Plan)

This is an iteration of a Permanent Life Insurance Plan. It provides cover to the insured for the duration of their lifetime. It comes to an end upon the death of the insured.

You get to spread to payment of premiums and the amount to pay at each interval. It’s a really flexible option, unlike the Term plan which is fixed. Asides the money got upon the death of the insured, the beneficiaries also get death benefits.

The benefit of Whole Life Insurance Plan

A major reason why you should go for this option is the no charges in form of tax i.e Tax-Deferred. It’s a really good option to go for but could be very expensive even when compared with the Term plan.

Now, after you’ve picked your choice among the two types of life insurance plan in Nigeria, then you will need to;

2. Pick a Life Insurer

Picking a Life Insurer in Nigeria could be much of a task due to the highly competitive market, but not to worry we’ll get you through it.

What you’ll find out if you embark on this journey is that these firms all provide similar services with slight differences here and there. Pricing plans seem to be quite the same across the board, but certainly, some get to outperform the rest – these are the best.

We have some of the prominent names; the likes of AIICO, ARM, Allianz NG, and FBN are some of the good choices among the bunch.

3. Physical Examination

Once you choose an Insurer and get to fill out certain forms, you may be required to undergo a physical examination.

This basically has to do with your health life, as certain areas will be checked before evaluating your premium. It’ll be more like an all-around medical check-up to ascertain the level of risks before finalizing the deal. If favorable, it’s analyzed and it’s left for you to pay.

4. Paying your Premium

Upon choosing a life Insurer you’d get to get some paperwork sorted out, signing various documents, writing certain letters if needed, and many others. 

Those documents will be of no use without your premium. It’ll be agreed on these documents how the payment plan will take place. It could be one whole payment where you get to pay a huge amount and wait for years before getting to see the gains. 

It could also be divided into smaller amounts which you’ll be required to pay consistently, over a stipulated time frame.

This is why it’s important to make a good decision in number 2 above, you don’t want an Insurer who’s going to leave a big hole in your pocket.

You may also want to know;

The Price of Life Insurance Plan in Nigeria

Unfortunately, we don’t know the price of life insurance plans in Nigeria, because these insurance firms choose not to disclose the prices of their life insurance plans to the general public. I think they have a good reason for doing this.

What you can do, however, is to visit any of these insurance firms in the country. Through their website, you’d be able to get a quote based on your personal needs and size. 

It isn’t a one style fits all system where everything just works. 

Taking a term plan which could last for up to 30 years as an example; you may decide to make your 12 years and I choose 15 years, We’ll both pay different amounts as premium. It could get higher or lower depending on the number of people included in such a plan.

CONCLUSION – Getting a Life Insurance in Nigeria

I’ll wrap this up by saying; we could make an easier future for our kids as we transcend this world. If you’ve not thought of it, why don’t you try it out, you’ll be glad you did.

If this post is valuable to you, kindly share on your social media timeline by clicking on the floating social icons here.

If you offer a life insurance plan in Nigeria, you can advertise your service here with either a banner, a recommendation, or a sponsored post. Kindly contact me here to discuss this.

How to Make Money on Fiverr in Nigeria (2022): Complete Step-by-Step Guide

Stephen Gbolagade
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2
How to Make Money on Fiverr in Nigeria (2022): Complete Step-by-Step Guide

Have you ever wished to make money on Fiverr in Nigeria but, still don’t know how to start making the dream come to reality? Or maybe you’ve been running a Nigerian Fiverr account for years and you’re yet to make a substantial income, if this is you, It’s my pleasure to share some working tips with you today.

Note that before you are able to earn money on Fiverr in Nigeria, you must be a “Freelancer”, because Fiverr is all about freelancing and getting projects done. If you would like to be a successful freelancer, check this guide on how to build a successful freelancing brand.

If you’ve never heard about Fiverr before, you may be thinking that;

What is Fiverr?

Fiverr is an online marketplace for freelancers to showcase and sell their services or skills for money. The name is gotten from “Five” because when Fiverr started, services were sold for as low as $5 but that’s not the case now as you can sell a service up to $20,000 or more (depending on the project and agreement between you and your client).

There are hundreds of freelancing platforms in the world but Fiverr stands to be the best in Nigeria. It’s kind of difficult to get an approved Upwork account in Nigeria but Fiverr makes it easy for everybody across the world to use their platform.

Here are a few reasons why I said Fiverr is the best freelancing platforms in Nigeria so far;

Benefits of Fiverr for Nigeria’s Freelancers

  • No payment is required to get your account approved
  • Registration and Approval is easy (Fiverr freely allow Nigerians to sell or buy services unlike Upwork)
  • Fiverr allow you to withdraw your earning easily (in 3 different methods)
  • Bidding for projects is Free (you get 10 bidding offers or chances every day)
  • You can create gigs to sell your services for FREE
  • Fiverr has Level hierarchy to boost profiles and reputation of freelancers
  • Active and responsive customer care services
  • Easily Navigable, Responsive Website and Mobile Apps
  • And so on…

Now, let’s talk about the requirement you need to have before you can start making money on Fiverr in Nigeria;

Requirements to Get Started on Fiverr in Nigeria

  • An active email account
  • A phone number 
  • A laptop (very important)
  • A Smartphone
  • A PayPal or Payoneer account
  • A government-issued ID card (just in case you’re asked to verify your identity)
  • At least digital skills
  • Patience and Persistence
  • Negotiation skills

Now let talk about getting your account;

How to Apply and Get Approved for Fiverr Account in Nigeria

  • Click here to sign up for an account

Steps to Make Money on Fiverr in Nigeria Steps to Make Money on Fiverr in Nigeria

 

  • Enter your email address correctly and click on “CONTINUE”
  • Choose a good username and Strong password
  • Click on “JOIN” and you’ll be automatically signed in
  • Now you need to verify your email address, go to your Gmail or Yahoo Mail to Verify your email address

Steps to Make Money on Fiverr in Nigeria

  • After you’ve successfully verified your account, you need to start setting it up

How to Set Up Your Fiverr Account Professionally

  • Go to your profile or go to Fiverr.com/my_profile or fiverr.com/yourusername

Steps to Make Money on Fiverr in Nigeria

  • Change your Profile picture (by clicking on (1) as shown in the below above)

                          (NOTE: Use a picture that shows your face with a good background, you can also use a logo)

  • Click on the Tagline (2) and add a short intro about you. If you’re a graphic designer, you can put “A Professional Graphic Designer” or “A WordPress Plugin Developer” and so on.
  • The Question (3): Which Option best describes you? Simply choose “Freelancer”
  • Use a Catchy Description (4): This is where you can freely introduce yourself but don’t brag and make sure that your introduction is less than 200 words (make sure you introduce yourself starting from your real name, your skills and what you can do to satisfy your clients).

Steps to Make Money on Fiverr in Nigeria

  • Link Your Social Media Account (5): This is not “compulsory” but if you’re okay with it, link your Facebook and other available social media account.
  • Add your Skills (6): Here is where you can add all your skills; all you need is to start typing your skill and Fiverr will bring out related skills. Make sure you choose “Expert” on all services you choose.
  • Education (7): If you’ve attended any college or university, you can add here with your course or major – This is Optional

Steps to Make Money on Fiverr in Nigeria

  • Add Certification (8): If you have any certificate with your name, you can add here – This is also optional

Those are what you need to set up before you can start selling on Fiverr. Okay, let talk about getting started as a seller on Fiverr.

Note that your client is called “Buyer” while you are the “Seller”. You sell services and someone buys them from you.

How to Start Selling on Fiverr in Nigeria

After setting up your account, you’re neither a buyer or a seller until you choose one. Because you want to make money by selling your services on Fiverr, you’re to become a “seller”. Here’s how to do that;

Steps to Make Money on Fiverr in Nigeria

  • Click on Become a Seller (9) and you’ll be taken to a page to get started.

Steps to Make Money on Fiverr in Nigeria

  • In the new page, click on “Become a Seller” again
  • Another page will open, click on “CONTINUE” and keep clicking on CONTINUE till you arrived at “Personal Info” page
  • Make sure you answer all questions correctly. Use your real name (because one day, you might be asked to verify your identity)
  • Answer all questions until “Account Security” where you will need to verify your email address, add and verify the phone number and finally set a security question.
  • After that, you’re now a seller on Fiverr and ready to start making money!

How to Make Money on Fiverr in Nigeria

I’m going to explain this in two parts, which are: How to create the best gig on Fiverr and what to do after creating a gig to make money.

A – Creating the Best Fiverr Gig:

1. Spying on Competitors

Checking on your competitors’ gigs is the first prerequisite to start making money on Fiverr but unfortunately, most people don’t know how important this is, and will really affect their earnings.

So, to create a better gig, look for how others created theirs. 

Here is what I’m saying:

If you are a website designer and want to sell web design services on Fiverr as a beginner, don’t create a gig without spying on your competitors. If you have another browser on your PC, do these;

  • Go fiverr.com and search for “WordPress Designer” or “Graphic Designer” (according to the service you want to create a gig for,
  • You will see some results, check on the first five gigs that are shown in the results. Study what’s unique and common on the gigs (Don’t copy anything from them!)
  • After checking on those gigs (checked the gig title, description, and tags), finally, go back to where you’ve been setting up your Fiverr account to create your own gigs.

2. Create a Professional and Catchy Gig Title

This is the first thing buyers will see, so, take time to create a good one. To create a good gig title that will drive traffic and earn you some money in Nigeria, you need to use a few SEO practices.

  • If you want to sell logo design services, don’t just say: “I will Professionally Design a Logo for You” why? Because as far as I know, there are different types of logos, there are vantage, mascot, cartoon, text, etc… 

So, kindly specify the type of logo you can design such as: “I Will Design a Professional Mascot Logo”, from this, the buyer will know you are experienced when it comes to designing the Mascot logo (do these separately for other types of logos like Vintage, etc).

    • Make your gig title simple: Avoid using excessive words, with the intention of attracting buyers with it. Don’t use something like “I will design a good, beautiful and professional logo for your business within 24 hours” – This is too long mehn. You don’t need to put a timeframe or exaggerate what you do.
  • Select CATEGORY and Sub-Category: Since you’re offering logo design service, your category will be “Graphics & Design” and your Sub-category will be “Logo Design”

NOTE: I used logo design service as an example, the same methods applied to all services you want to sell on Fiverr.

3. Use Keywords in Your Gig

Remember I told you that we’re actually going to do some SEO practices? Yes, we need to, if you really want to make money on Fiverr in Nigeria because most people who quit Fiverr didn’t understand that SEO is also needed to make sales.

Now, after creating your gig title and choosing a category for your gig, do these;

    • Make sure that the targeting keywords appear in your gig title. For example “Mascot Logo Design” or “Design Mascot Logo” – This is your primary keyword and it must appear in your gig title.
  • The keywords should appear in your gig link or URL: Once you’ve got your primary keywords, make sure your URL is catchy and has your keywords

Quick Tips: Before you save your gig, you can leave only your keywords as a gig title. Then after saving it, you can edit and write your gig title normally (such as Keywords + Call to Action).

  • Use Keywords in your Search Tags: You’re given an opportunity to use 5 keywords, make sure you find the top 5 keywords relating to your service gig, and use them here.

Quick Tips: Go to fiverr.com with another browser and search for the service you’re creating a gig for, after the results have been displayed, you’ll see some “related searches”, these are the related keywords that people are searching for, pick 3 there and use in your “Search Tags”. Then check top 2 gig results and use two of their keywords (it’s allowed)

  • Use keywords in your Description: Your gig description is where you’ll explain what you’re going to do for your clients, make sure you use your keywords naturally while you thoroughly tell your buyers the reason why you’re the right guy for their projects.

4. The Pricing: Don’t Over Sell Your Services

We are now at the pricing page on Fiverr, where you are to shoot your shot again (before your gig description), you have the option to use 3 pricing packages or just 1.

I will recommend using the 3 pricing packages option instead of 1 because you will be able to split your prices here in 3 different ways.

  • If you choose the 3 packages (BASIC, STANDARD, and PREMIUM), make sure that the basic is the cheapest (like $10) and the standard can be $25 while the premium can be $50. But this depends on what you will be offering on each package, try to make them look more attractive than others.

Quick Tips: Buyers tend to buy the “Standard” or the Middle packages the most, so make sure you make good use of this place with a nice price and what you want to offer.

Don’t oversell your services and at the same time, don’t undersell.

  • Give each gig package an attractive title like Good, Better, Best or Beautiful, More Beautiful and Most Beautiful, etc., for the BASIC, STANDARD, and PREMIUM package respectively.
  • Use unlimited revisions for Premium packages only!
  • Make sure you put a fast delivery timeframe like 1 day, 2 days, and 3 Days respectively, according to how time-consuming such service is.

5. Avoid Copyright Issue: Use Your Own Files

If you steal anybody’s file such as content, images, or videos, your account might be blocked or your such gig might be removed from Fiverr without informing you.

So design your own gig images yourself using something like Canva.com or a good image editor. Don’t copy any contents on Fiverr, be warned! And finally;

  • Upload a good image or video that represent what you’re selling to your gig, this is important
  • Ask the necessary requirements from your buyer etc…

6. Preview Your Gig Before Publishing

After setting up your gig, don’t forget to click on ‘save’ at the top right of your screen. Then preview all that you’ve done so far, correct all mistakes, and make sure what you did motivates you, even without publishing it yet.

Finally click on publish if you’re satisfied.

Now let go to the next step;

B – How to Make Money with Your Fiverr Account in Nigeria

1. Publish More Gigs

Don’t sit on one gig you just create, make sure you have at least 5 different gigs in your Fiverr account. You just need to follow the procedure above to create more effective gigs.

2. Earnestly Promote Your Gigs

Without promoting your gigs, gaining traffic, and impressions, then you’re cheating yourself the prime chances of making money with your Fiverr account in Nigeria. Why? Because there are millions of sellers on Fiverr and that makes it very competitive for new sellers to make a sale.

I got my first Nigerian Fiverr account in 2015 but stopped using it for good 3 years. Why? Because I was expecting to start making money on Fiverr within a month or two, but my expectation was greatly disappointed.

In 2018, I came with full prowess, from my 2-years on Fiverr, I’ve noticed that promoting your gigs will really help or boost the chances of earning money on Fiverr in Nigeria.

How to Promote Your Fiverr Gigs?

The best place to promote your Fiverr gigs is Social media! There are many Facebook groups for Fiverr users, where you can join for free and share all your Fiverr links in return to gain some traffic and impressions.

NOTE: Getting more impressions to all your Fiverr gigs will boost the chances of getting more sales. So try as much as possible to promote your gigs on social media.

Quick Tips: To get some impressions quickly, you can buy fake traffic to your Fiverr links or look for a way to generate fake traffic online.

3. Try to Get 5 Star Reviews

I know you’re just starting out as a new Fiverr seller and it’s going to be tough for you in the Fiverr marketplace. Yes, tough but not impossible!

After taking your time to create some (at 5) amazing gigs, promote them to increase your traffic and impressions and now, you need to get 5-star ratings to your new Fiverr gigs.

Getting 5-star ratings will tell Fiverr that you’re selling something that people really love, and in returns, your gigs might be ranked higher in Fiverr search engines; giving a good edge of getting buyers.

QUICK TIPS: Try to sacrifice some money to buy these 5-star ratings. You can tell your friends to open Fiverr buyer accounts and buy your gigs, then give you some good reviews and 5-star ratings.

Note: To buy a $5 gig for review, you will need to have $7. Fiverr will take a $2 processing fee.

So, if you’re planning to buy 5 reviews, that’s going to be 7×5 = $35 (convert this to Naira). But make sure you do things naturally, don’t let people or Fiverr suspect you bought any review. 

If you really want to make money on Fiverr in Nigeria as a beginner, please invest in buying some reviews.

(from that Fiverr groups you joined on Facebook, you can buy reviews from Foreign accounts like the US, Canada, etc.)

4. Send Professional Offers to Buyer Requests Daily

Remember I said one of the benefits of starting your freelancing career on Fiverr is that you’re allowed to bid for 10 projects per day. A lot of people (buyers) post their project requests on Fiverr every day and a seller, you can send a proposal that you can handle their projects.

Quick Tips: When sending offers, don’t brag about what you can do, just do pitch your offer naturally. In your offer, tell the buyer what you understand in his project request, how you will handle the project, and in a few words, tell the buyer the kind of related projects you’ve handled.

If a Fiverr puts $5 in the project request, don’t put $5 in your own offer if you know that $5 is too small or not fair for such a project. But rather put a fair price, if you can handle the project for the minimum cost of $100, don’t be afraid to put it. Don’t worry, the buyer can contact you for negotiation if he/she falls for your offer.

And remember never to cheat yourself or oversell, charge for a fair price and the right buyer will buy from you.

5. Improve Your Negotiation Skills

If you don’t know how to negotiate fairly, then you don’t need to bother yourself about making money from Fiverr in Nigeria. The reason is simply that, negotiation skills are one of the top 1% ways of becoming a successful entrepreneur, business owner, or institution.

If your buyer said you should design a complete website for him for $20, don’t be happy that you got a job yet. Try to negotiate with the buyer that he/she needs to increase the price.

Quick Tips: Don’t just tell your buyer to increase his/her price, but show and tell him solid reasons he needs to. Explain to the buyer thoroughly what you’re going to do, the timeframe, expenses, and how effort-consuming it is. 

Don’t be afraid to negotiate!

6. Build Good Relationship with Buyers

Most new freelancers are after making money only, but business, especially freelancing is not about that.

You need to treat your buyers politely, be honest with them and try to deliver any project awarded to you within the agreed timeframe (it’s not bad to extend delivery date but make sure it’s not your fault). 

If you’re doing things orderly and according to the protocol, you’ll make money on Fiverr in Nigeria or anywhere you are.

Quick Tips: Treat your buyer like a very close friend or family member. Don’t be too professional, try to crack reasonable jokes, use emojis, ask about the buyer’s health, etc., doing this will create a good relationship between you.

7. Join Fiverr Affiliate Program

Another best way to make money on Fiverr in Nigeria is to join the Fiverr affiliate program. Although as a seller, you’re automatically enrolled, you just need to show interest that you’re rea to help preach the good news about Fiverr.

You can simply click here to join.

If you understand how affiliate marketing works, then it will be easy for you to make money with the Fiverr affiliate program.

Conclusion – How to Make Money on Fiverr in Nigeria

Let me address something here; what most Nigerians believe is that It will be so tough to be successful in the international marketplace because of being “black” or some alleged scams about Nigeria. But let me tell you that this is not true.

Although, there are some whites or foreigners that hate dealing with Nigeria (of course, they’re afraid of being scammed) but not all of them. In fact, more than 90% of these foreigners deal with freelancers from Nigeria, India, and Pakistan the most.

With my 2 years of activeness on Fiverr, only one buyer told me that he can’t hire me because I’m a Nigerian, the funniest part is that the man is from South Africa, lol. But after him, all my buyers are foreigners except a Nigerian guy that gave me a simple task.

SO, if you can put these 12 strategic steps into action, you will make money on Fiverr in Nigeria! But, don’t have the mind of scamming your buyer, if you do, you’ll be implicating other Nigerian freelancers on Fiverr like me and I won’t be happy with you (if I know ). Please let be legit and God will bless our hustles.

That’s my working tips about earning money on Fiverr as a Nigerian freelancer. If you have any corrections to make, don’t forget to write to me via info(at)gbolamedia.com, share this article with your social media pages by clicking on the floating social icons here.

If you love this article, you can subscribe to my mailing list here and you’ll be notified anytime I published a new blog and related blog posts.

How to Get Health Insurance in Nigeria – the Easy Guide

Stephen Gbolagade
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0
How to Get Health Insurance in Nigeria – the Easy Guide

If you’re planning to get health insurance in Nigeria but need someone to guide you through the process, then this blog post is for you. 

You’ll learn different types of Health insurance available in the country, the requirements, and why you need to get health insurance for yourself and family members in Nigeria. NOTE: I’m not a health specialist, this blog post is an outcome of my research and my way of promoting helpful information.

Before going into the details, let me brief the meaning of the term “insurance”;

What is Insurance?

Insurance is a means of indemnity against a future occurrence of an uncertain event or risk. According to Wikipedia, Indemnity is a contractual obligation of one party to compensate for the loss incurred on another party.

This is the general definition for all types of insurance, which health insurance falls into. I’ll be reviewing health insurance in Nigeria, how it has fared, different types, and many more. 

But you may want to know;

How is Health Insurance in Nigeria?

Sadly, only a little percentage of the Nigerian population has their health insured, this shows how concerned we are about our health care generally in the country. We’re not sure about the reason for apathy or lack of interest in health insurance in the country.

But I hope after reading this, you’d have got yourself one if you don’t have one already. 

Is Getting Health Insurance in Nigeria Expensive?

Not at all, getting health insurance is not expensive in Nigeria – in fact, the Nigerian government launched a program in May 1999 to cater to this need. The federal government agency responsible for health insurance in Nigeria, National Health Insurance Scheme (NHIS) caters for citizens especially those in the public sectors, private sectors, and entrepreneurs. 

The NHIS also supports children below age 5, inmates, and people living with disabilities.

How Much Does Health Insurance Cost in Nigeria?

The cost varies according to the plan you’re buying. But typically, you can get a Health Insurance in Nigeria for as low as N3,500 – N4,500 per month. For Instance, you get a personal plan for N45,000 0r N55,000 annually and this is different (much cheaper) if you’re buying for your family or staff. 

I will explain more about this plan and pricing before I round up.

Why Should I Get Health Insurance in Nigeria?

Health care in Nigeria is a major concern for many, although some do lack interest. It’s important we do all the best we can to safeguard ourselves – health-wise. With a good health insurance plan in Nigeria, you could start now to prepare for future uncertainties as to the definition earlier suggests. There are a lot of insurance firms offering this form of insurance in the country.

Here are other few reasons why you should get your health insured;

The benefit of Health Insurance

Health insurance comes with some good benefits that make our lives much better overall. These are some of the benefits;

1. Cuts down on health risks

There are so many health-related risks that we Nigerians get exposed to, they may be through birth, airborne, waterborne, pollution, and many more. A good health insurance plan offers you regular check-ups that could spot and prevent any form of health-related problem.

2. Access to Finance

This could be a lifesaver in terms of emergency where some funds are required to kickstart a treatment. With money offered by the different Health Insurance firms in Nigeria, you could finance any form of treatment – at least to an extent. Some HMOs grant you up to N250,000 for surgeries, any additional fee above that will have to be paid by you.

3. Family Protection

One other good benefit of having an insurance plan is an overall healthy-looking family. A healthy family is a happy family, and nobody wouldn’t want to have that. Getting a family plan today will lead to a much healthier family and also protects all involved against unforeseen health hazards.

4. Increases Savings

Purchasing a plan from any of the HMO’s cut down on your medical expenses. In the long run, you get to save a lot of money which can be channeled towards other areas of your life. Continuing this will save you a lot of money.

Getting health insurance is a wonderful opportunity right? You could begin enjoying the benefits if you choose to start today. You need to check if you’re qualified or not. Below are a few requirements expected from anybody who wants to get health insurance in Nigeria;

Requirements for Getting Health Insurance in Nigeria

Before going ahead to apply for that health plan, here are some requirements to have in mind;

1. Citizen or Non-citizen

Before getting a Health Insurance plan in Nigeria you have to be a citizen of the country – by birth, naturalization, or any other means. As all countries place the health of its citizens above non-citizens. This gives you access to all forms of health insurance especially that provided by the federal government. 

If you’re not a citizen, don’t worry, Private HMO’s do offer plans for non-citizens as well and you can still enjoy the same benefit.

2. Must Fall Into Any of The Following:

  • Public Sector – You must be employed in any government-owned institution.
  • Private Sector – Must be an employee of a registered private firm operating within the country
  • Informal Sector – Running a business which doesn’t fall into any of the above categories with complete tax payments
  • Student – A student in the country across all levels
  • Children – This is usually below the age of five (5)
  • Inmates – Inmates also have access to health insurance plans from any HMO.

With the above, you can see how easy getting a health insurance plan can be.

There are lots of private firms which offer more better insurance services, but let talk about getting started;

How to Apply and Get a Health Insurance in Nigeria

This is where everyone tends to get stuck – getting that health insurance plan. Many believe it’s more like a tedious task, but I can guarantee you it’s not. You probably don’t know how simplified the whole process is, but don’t worry, I’ll try my best to explain.

There are various HMO’s (Health Management Organizations) offering this service out there, each with varying degrees of offers and pricing. You need to choose one which will be pretty favorable to you, or you could simply apply for the NHIS program. Whichever you choose, they certainly provide similar services in a different kind of way, and registration is also quite similar. 

Now, let talk get started;

1. Visit NHIS or the HMO Website

Whichever platform you tend to go for, public or private, your first step towards registration is via this process. Most certainly, they all have a physical office(s), and since we’re in a digital era, a website too. You’re to visit any of those to start your registration process so as to equip yourself with a good health insurance plan. 

For the NHIS website, go to www.nhis.gov.ng or https://www.nhisonline.com.ng/

If you prefer to use a private health insurance firm, you can check these top ten insurance companies and visit their website.

After getting to the website, ensure you check the required documents, plans, and pricing, etc., this will give you the best orientation, or maybe you should continue with the agency or not.

2. Fill out All Required Documents

You’ll be offered documents/forms to fill out upon registration, either online or offline. You are to fill out the form with the required information needed. You’d be asked many health-related and personal questions, do ensure that you answer as correctly (and honestly) as possible, and give details where necessary. 

Try to use correct/official information, remember, it’s all about protecting against uncertainties that may occur to you health-wise. Also, do ensure to ask questions when you’re confused or in doubt, and read the terms of service clearly so as to understand what you’re signing up for.

3. Pay the Required Fee(s)

You’ll be required to pay some fee(s) or “premium” in order to complete the registration process. This fee is the amount of money paid to purchase the plan and it’s important to pay so as to complete your registration. The prices differ across various HMO’s, but I’ll be giving you what to expect in terms of pricing below.

Before getting there, let’s see the various types of health insurance Providers in Nigeria;

   Types of Health Insurance Providers in Nigeria

There are quite a number of health insurance types in the country to choose from, you might be familiar with some already, so let’s get started.

1. Health Management Organization (HMO)

HMO gets you more for less and it is suitable for everyone especially newbies. You get a wide range of services including immunization and regular check-ups – these are just two of the many services you get from an HMO. 

In terms of pricing, HMO’s offer lesser prices and you get to pay much lesser premiums when placed side by side with other types of health insurance. Upon registration, you’ll have to choose a primary care physician (PCP) whose job is to see that you are healthy. He/She will also be responsible for referring you to a specialist when the need arises.

2. Preferred Provider Organization (PPO)

With a PPO you have access to a wide range of doctors and hospitals to seek medical attention. Unlike HMO, you don’t have a PCP so you have a good number of choices to pick from, but it must be in the specified network agreed upon at registration. 

Going against this will leave you in no man’s land as companies offering this service wouldn’t foot the bill. For you to qualify for services rendered by PPO’s an agreed fee must be paid annually in form deductible.

3. Exclusive Provider Organization (EPO)

Another type of health insurance plan in Nigeria is the Exclusive Provider Organization plan which is quite similar to HMO. You have access to an agreed set of doctors and hospitals but in this case a much wider variety. Because of this, you may pay deductibles and copayments. The amount for premiums is also much higher with EPO.

4. Point of Service (POS)

With the point of service, you get a PSP to work with but there are no charges in the deductibles on services rendered by your PSP. POS is more like the combination of HMO and PPO, this is done in order to increase flexibility and also create a balance. You’ll also have to pay some fee in the form of deductibles before getting the required coverage.

These are some of the health insurance types, but HMOs are more prevalent in Nigeria – about 90% are HMO’s, and the rest shares the remaining 10%.

Health Insurance Plans and Prices in Nigeria

There are three basic plans offered by HMOs in the country, they vary in prices but not that much, so I’ll be giving you an idea of what it looks like.

1. Personal Plan

This is the first and the most sought after insurance plan. A personal plan covers only a specific individual. The plan may include services like; specialist consultation, surgeries (to an extent), drug prescription, eye care, physiotherapy, x-ray, and many more. Some of these services are covered to an extent so you have to pay the rest.

Price of Health Insurance Personal Plan: N45,000 – N55,000 annually

2. Family Plan

The family plan covers more people for less. The number of members in this plan varies, but it’s usually between 3 – 5 members. The coverage provided is quite similar to the individual plan but at a subsidized rate. Also, certain services are limited in number so as to accommodate the large number of members involved.

Price of Health Insurance Family Plan: N15,000 – N25,000 annually/individual

3. Corporate Plan

As the name suggests, this plan applies to all corporate organizations, small and large businesses, and enterprises. Many organizations do offer health insurance to their workers, but certain members of the organization may be excluded from this policy. 

Getting a corporate plan for your company is quite easy; you need to have a certain number of employees before applying. 

Price of Health Insurance Corporate Plan: For pricing, it varies and usually not disclosed to the general public.

That’s All On – How to Get a Health Insurance in Nigeria

Getting a health insurance plan in Nigeria helps in many ways and it’s important to have one no matter who you are. So there you have it, all you need to know about health insurance in Nigeria.

If you have any question, kindly consult your physician or medical doctor, but if you’re versatile about this health insurance issue and you notice you can help with some corrections, kindly send your contribution to info@gbolamedia.com

How to Dress Like a Smart Entrepreneur in Nigeria

Stephen Olgade
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1
How to Dress Like a Smart Entrepreneur in Nigeria

To really show your clients that you are worth investing in, you must learn perfect grooming tips to woo them. I mean, you must learn how to dress like a smart entrepreneur in Nigeria.

Many entrepreneurs meet different clients on different occasions, most of us (the entrepreneurs) are chairing boards of directors, firms, agencies, conglomerated companies, individuals, and government bodies with the aim of achieving the best for the respective companies or organizations they are representing.

The major reason why you need to dress corporately is not just to be attractive or show how extravagant you but you need to dress the way you wanted to be addressed, your business skills or intelligence are not enough!

In business both offline and online branding, you need to understand how to meet-up and simplify your corporate or business dressing etiquette. To be sincere, dressing etiquette and sense should be one of the key factors that all people aspiring to be successful and smart entrepreneurs should have.

Good to know that most business organizations like the banks, hospitals, and other agencies have their own dressing code. For example, the government here in Nigeria allows their workers (otherwise known as civil servants) to wear their native attires only on Fridays.

While institutions like banks, hospitals always are expected to put on their corporate suit and polished pair of shoes while most self-employed dress the way they like or feel.

But, the world of dressing and grooming is entirely different for entrepreneurs, no matter the source of your job and its dressing code. Here in this article, I am going to work you through some tips on how to dress like a smart and successful entrepreneur.

8 Perfect Dressing Tips For Smart Entrepreneurs in Nigeria

  1. Take Your Dressing As An Investment

Before going to your office or to boutique for shopping, you must buy classic and corporate styles that suit your body shape, size, and complexion. Don’t think because your friends are wearing Gucci, Versace, Fila or Nike, you must wear them also.

You need to dress to fit your business not the latest trends in the town. Do take enough time to pick out of many and never wear body-revealing clothes (Mostly women).

Some clients hate this while some want this but as a corporate entrepreneur, you must not wear seducing clothes or have such intention to negotiate with clients with your dressing but rather, seduce them with your business Skills and Intelligence!

2. Change Your Wardrobe Constantly:

Although I won’t advise you to take all your savings to buy clothes that suit your business and body. But, it will be good if you shop for new dresses at least once (or as much as possible) in a month. You should tell your regular clients, prospects, or business partners that you are happy and successful in your chosen career and one of the best ways to do this is through your dressing.

Don’t look retarded, tactless, or awful in appearance. Change all old clothes to New One. If you don’t know how to shop for clothes that fit you and your business, ask those who are professionals in fashion.

3. Build Good Body Shape

If your body shape is not good enough, you must try the right and safe remedy to build it up. Doing an exercise or going to the gym regularly will give you perfect body shape. The reason for this is that, no matter how fabulous you dress without having good body shape, such grooming efforts won’t go beyond your room.

You may look stupid to some people and this may cause depression or frustration if you find out what people or your business partners are saying behind you.

4. Keep Your Make-up Simple:

This concerns the women who like using cosmetics in an excessive way. Let go of make-up products that are too flashy but instead choose the one that will show entrepreneurship and serious in you. Remember you are dressing for a business not for partying and you must not annoy your clients or allow them to take you for granted because of the way you dress.

If your make-up is faulty, there is a possibility that you will face some faults with clients and business partners. If you can’t perfectly do good and nice makeup for yourself, I will advise you to consult a make-up artist for help.

5. Do Like A Roman When You Are In Rome:

I mean, you should understand how to dress for each business occasion. You can’t be working in a bank or hospital and be wearing jean and canvass to office, you cannot be going to farming to make the heaps or ridges and put on a suit.

You can’t be a military man and be wearing “mufty” to station or barrack (although, you may wear the police vest or any designated dresses by the military officials). You must select clothes according to the nature of your business or profession.

6. Understand The Atmospheric Condition:

Always, dress according to the weather condition. If it’s during the rainy season, wear clothes that will protect your formal dressing from being immersed by rain like a coat, jacket, etc.

Go for clothing materials that are reflective of the season. Clothes that are thick are good for fall and winter and it’s not advisable for summer but instead, Light linen fabric or clothing materials will be good for it (summer).

7. Avoid “Color Riot”:

This is a “must” for all entrepreneurs who want to dress up well and gaily as a successful and smart entrepreneur. For business and corporate sake, it will be perfect if your coat, tie, shoes, handbag, shirt, skirt, trousers, belts, and other things you will put on Match each other.

For women, a black handbag should be matched with a black shoe. For men, a blue coat should match with blue trousers and so on. If you do this in the right proportion, this will show your creativity, intelligence, and how much more you can take care of things perfectly.

8. Wear Quality Dresses:

As I have said earlier, you don’t need to put yourself into debt before you dress like a smart entrepreneur and that’s why I suggested that you should buy Clothes for at least once in a month or more depending on your salary or income.

But, make sure that the “one” you will be buying will be a quality “one” not fake. Most clients will study everything you put on before they can give their project or contract to you.

You remember the adage that says “Dress as you Want to Be Regarded” So, wear quality materials if you want your clients and business partners to take you so important.

How to Create an Online Store in Nigeria: Guide to Launch Your Own Shopping Site

Stephen Gbolagade
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1
How to Create an Online Store in Nigeria: Guide to Launch Your Own Shopping Site

Do you want to create an affordable and profitable online store in Nigeria but don’t know how to get started with it? In this blog post, I will show you the easy way to launch your dream eCommerce website using a flexible CMS platform and reliable web hosting.

Oh…  are you thinking right now that what is CMS and web hosting? Well, I will explain that to you as well. 

But why create your own online store in the country?

In the last decade, the world has witnessed quite some changes in some of the ways people do things. One such change has been in terms of commerce. Before now, we had the physical stores with inventory scattered around, that we choose to shop from, today we have online stores all around the internet and they’re slowly taking over.

Recommended: Top Online Shopping Sites in Nigeria

Here’s a solid reason you need to launch your own store now;

Research done in 2017 has it that; “55 percent of commercial activities are carried out online worldwide”. In Nigeria, we’re all getting awakened to the idea of online shopping, and it’s expected to be a big industry in a few years to come.

With all these in mind, what stops you from owning your online store? Well, maybe you think that ‘to create or set up a profitable eCommerce website will cost you a fortune’, but that’s not true!

I’ll be showing you how to create an online store in Nigeria using some pretty cool platforms and tools, which are absolutely affordable – at least you don’t need to spend a million naira ($3,000) before you can get your own dream online shop!

Now, let start;

How to Create a Profitable Online Store in Nigeria – Complete Guide

Before heading to these platforms, you need to have certain things in place, in order to maximize your level of profitability in the e-commerce world. These are simple, yet often taken for granted, but they go a long way in growing your brand. 

To build a profitable online store in Nigeria, you should follow the following steps;

1. Define Your Niché

There’s no need to start diversifying, you’re probably on lean resources at the moment, and you’re pretty not sure if this business is going to be a success, you only hope it does.

Focusing on a Niché helps in channeling your resources on that Niché. This you should do because you’re starting up, you shouldn’t diversify because the top guns are doing it. You’re not yet at their level, as your business grows, you could make plans for expansion.

I mean, you shouldn’t copy the likes of Amazon, Aliexpress, or Jumia (for now). Start with one product and try to dominate that niche to an extent, then you can think of leveraging other products.

When choosing, make sure it’s viable, and products in such a field are in great demand. In an eCommerce business, your niche doesn’t necessarily have to be something you’re passionate about, you could learn the ropes of such a niche as you forge ahead.

2. Choose your form of inventory

Many e-commerce firms today have inventories in various places, but let me tell you an easy way – Dropshipping!

You’re going into this business to maximize as much profit as possible, both forms of inventory have their pros and cons. Although you get to pay certain fees for hosting and more online, they are less expensive than having a physical inventory.

If you’re a fashion designer, you can sell your clothes in your online store in Nigeria and make more money by dropshipping related products. This same method applies to those who sell Smartphones, computer gadgets, and their accessories etcetera.

To learn more about how dropshipping works in Nigeria, check this guide. 

Now. let’s talk about the next step.

3. Get a Brand Name

Another important step to abide by here is picking a brand name. Now, don’t just go about choosing any name, you wouldn’t want a situation where you’ll have to change your name often, it devalues your brand. Your name should be well thought out, it should also serve as your domain name and your social media usernames when you finally launch online.

A piece of advice on brand name choosing: Endeavor to choose an English word or phrase if you want to see real success. Not everyone will be able to write or pronounce your native name or phrase correctly, and this is bad for marketing. 

Since English is the official business language in Nigeria (offline and online), I think you should have this in mind. The key here is to use simple words or phrases that’ll be easier to recommend to someone from another region of the country. Additionally, you could integrate a native word with English to make it much better.

You may decide to register the unique brand name with the government, in order to avoid anybody using it. Click here to learn how to register a business name in Nigeria

Just make sure you get a unique and brandable business name! Now, let go into the practical steps in creating your (profitable) online store in Nigeria.

4. Choose a Good CMS Platform, then build

There are many CMS platforms available to help you create your online store in Nigeria. The word “build” might sound stressful but not to worry, it’s a simple process. 

Quick Tip: CMS means “Content Management System” – You can read this Wikipedia article to know more about it

Although, the level of simplicity varies depending on what platform you choose. In fact, some platforms are automated; you only have to make a few clicks on your PC. Some other platforms let you use your already existing site, you just have to install a few plugins and you’re done.

There are quite a lot of platforms to build eCommerce websites, but I recommend using either Woocommerce or  Magento. Because they’re both;

  • Affordable
  • Flexible to use even, if you’re a beginner
  • Very friendly and reliable
  • You take control of your stuff and many beautiful reasons.

Let me talk about these two amazing CMS platforms and how you can set up your dream online store in Nigeria with them;

How to Create an Online Store with Woocommerce (WordPress) in Nigeria

Woocommerce is one of the most used platforms for e-commerce, they have a huge percentage of users in the e-commerce world. This is due to WordPress dominance on the internet – over 30% of websites are powered by WordPress. 

This is why Woocommerce tends to be a much popular choice. There are other reasons why Woocommerce remains at the top. It’s pretty easy to set up, it’s open-source which makes it easier for customization, SEO friendly, and it’s totally free – you only get to pay for other external features. 

Setting Up An Online Store with Woocommerce

It’s very easy to build an online store with Woocommerce, with your WordPress site, you’re good to go. Here are the steps to take.

  • Buy a Domain Name and Web Hosting

A domain name is an identification string that makes you unique on the web. 

I will not feed you with technical jargons, a domain name is like the house address that people can use to locate you easily. For example, Gbolamedia.com is a registered domain name.

To create a successful online store, you need to buy one! After the domain name, you need to buy web hosting as well.

Web hosting allows you to make your online store accessible via the World Wide Web. A web hosting stores your website files (the text, images, and anything you upload to your store). It is like your house where you can have your possessions stored.

There are a lot of web hosting companies out there, but I recommend buying from  LiquidWeb.

Why Liquidweb of all web hosting companies?

Liquid Web is a very effective and reliable web hosting provider that offers the best hosting services to consumers of various kinds. With Liquid Web, you get up to 99.9% server uptime, next-generation dedicated servers, and much more. 

The web hosting company is suitable for various professions, from freelancing to agencies, and businesses of every kind.

They’ve also got great customer support on various channels, with less than minute response time. These and many more you get to enjoy when you choose from any of their hosting plans below;

Here’s a deal: 

  • Use this Coupon Code >> GETONLINE to get 25% off, on 3 months Managed Woocommerce or WordPress Hosting.

  • or use SAVEBIG to get 50% when you buy a Dedicated or VPS Servers

  • Click here to Buy your web hosting now – the link will open in a new tab so that you can navigate back here.

After buying your domain and hosting, it’s time to build your site.

  • Install WordPress, then, Woocommerce plugin

After buying your domain and web hosting, you’ll be given a Cpanel. From your Cpanel (Control Panel), Install WordPress app.

Note: You can always ask for help from the Liquid web Customer care, they’re ready to assist you.

After installing the WordPress from the Cpanel, Login to your WordPress admin dashboard;

>> Then go to Plugin 

>> Click on “Add New” and search for Woocommerce

>> Finally Install and activate the Woocommerce plugin

The Woocommerce plugin was designed specifically for e-commerce, it tweaks your site to make it great for an online store you’re dreaming to launch. It’s mobile-friendly since most people access these platforms via their mobile. 

After installing Woocommerce, with just a few clicks, some sections of your site will be automatically created. These sections are pretty much mandatory on all e-commerce platforms; sections like Cart, Checkout, Store, My account, etc. You could further customize these, add other sections, and personalize your store.

The next step is to design your online store beautifully! 

  • Install and Custom a Good WordPress Themes

Remember I said “Domain name is your Address” while a “Web hosting is your house”? Don’t you think it will be cool to paint the house beautifully and do some decorations to make it stand out?

You think so? Great, this is why we need a “theme” to beautify your online store.

You can get a lot of free WordPress themes, as WordPress offers lots of themes for beautifying your site, you could choose from the wide variety of available themes – but be sure to use e-commerce friendly themes.

To get a free WordPress theme, follow the steps below;

>> Login to your WordPress dashboard

>> Click on “Appearance”, then “Theme”

>> Click on “Add New”, then search for “StoreFront”

>> Click on Install and finally Activate.

Note: I recommend StoreFront because it is the best free WordPress theme for Woocommerce.

But dear, I recommend buying your own theme! 

Premium themes are so blessed, you will have access to some features that you can’t get on the free themes and you will get premium support from the theme developer.

To buy a theme, go to Themeforest and search for any WordPress theme of your choice.

Quick Tip: If you are going to sell clothes, search for “Fashion eCommerce WordPress Theme”. If you want to sell Computer gadgets, search for “Computer eCommerce WordPress Theme” and so on.

After buying your theme (here), download it and upload it by following the steps you explained if you want to use a free theme. The only difference is that you will “UPLOAD” instead of searching for the theme in your WordPress admin dashboard.

  • Add Your Products + Details:

The next thing is to add your products. Click on “Products” in your WordPress Admin dashboard and flow with self-explanatory onboard screens. Then finally Publish and do this for all the products you will like to upload to your site.

If you need any help, kindly ask me in the comment box below.

  • Finally, we’re done! 

You’ve successfully created a Woocommerce powered and lucrative online store in Nigeria. It’s now time to start adding products to your store.

Okay, let talk about Magento;

About Magento

Magento is another wonderful platform for e-commerce, more and more users are getting to use this platform. It’s pretty new to the business and still has its quirks. Although released initially in 2008, it finally got a stable release early this year, and it’s still undergoing changes which we would see in the future. It’s a good platform for starting out your e-commerce business.

Setting Up An Online Store in Nigeria with Magento

Unlike Woocommerce, you would spend much time and effort in setting up your store, it is more like a manual process.

Note: We will not be talking about all the steps here, as we have discussed in the process of setting up a Woocommerce store. But notwithstanding, I’ll brief each step;

  • Using Liquidweb as our hosting provider for Magento, choose a suitable domain name. I noted some points you should pay attention to when choosing your brand name – this could also serve as your domain name.
  • Install Magento. It’s pretty easy if you follow the prompts, and select the suitable options. Since it’s open-source, you get to customize every single aspect to your taste
  • Styling: Like WordPress, Magento also offers a good number of themes for a much better looking online store. Pick from the available themes and customize your site. You can as well buy premium themes from ThemeForest
  • Add Products: It’s time to start selling, adding product images and description is pretty much easy and shouldn’t break a sweat.

That’s all about setting up a lucrative online store in Nigeria using WordPress or Magento. But that’s not the end, let me tell you a few things you need to do to make your store fetch you pretty income (or profits).

5. Marketing Your New Store

Marketing is the soul of any business. You are supposed to start marketing a little bit earlier before your store fully goes live. You’ve got to let people know what you’re up to, the products you offer, and many more about your brand. 

Marketing has been simplified these days, social media is one huge marketing platform you should take advantage of as the top brands use this to publicize their products. You’ll be saving some money while doing this, you could start paying for a much bigger audience as you grow your store.

Set up an Instagram account and Facebook page with your business name, connect them together (Google search for how to connect Facebook page and Instagram account), and finally, start promoting your products on social media platforms.

Conclusion – Creating an Online Store in Nigeria

These are pretty much what you need for a profitable online store in Nigeria. Setting up an eCommerce store in Nigeria is pretty much an easy task, it’s even much better if you fully utilize the platforms shared above. 

If you’re already using these platforms or will like to ask a few questions, kindly “CLICK TO COMMENT” and I’ll be happy to hear from you.

You can share this blog post with your friends if you find it helpful. But don’t forget to subscribe to my mailing list in order to receive free updates like this.

How to Write a Perfect Business Plan in Nigeria (And a FREE Template)

Stephen Gbolagade
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0
How to Write a Perfect Business Plan in Nigeria (And a FREE Template)

Writing a perfect business plan in Nigeria shouldn’t be a difficult task, let talk about this!

Are you starting a new business in Nigeria and you don’t want to fail? Then writing a good business plan should be considered the second great deal after your initial idea before you put in your capital.

In today’s business world, one of the great ingredients for a successful business is proper documentation, one of such documents is your Business Plan; which is why I’ll be showing you how to write a perfect business plan in Nigeria.

Well, not as perfect as an angel. But, I’m sure this blog post will really help you understand the simple secret behind writing a good business plan.

But we need to understand some basic concepts in order to fully understand the proper crafting of a business plan. In business schools, we’ve got different definitions of what a business plan is.

What is a Business Plan?

Basically; a business plan is a comprehensive, yet concise description of a business entity, be it a startup firm or well-known cooperation.

It’s a document that describes several areas of your business as an entrepreneur, these include; financial, executive, operational, marketing, and goals of your business. A business plan may serve one or all of the following purposes, which is; 

  • To present current and potential investors what your business entails in a bid to make them invest, or;
  • To serve as a guide for the company – leading you from where you are present to where you wish to be in the future.

But often, business proposals and business plans are oftentimes, used interchangeably, while in essence, they differ to some extent. So, what are the differences between them?

Difference between Business Plan and Business Proposal

A business proposal is a document showing potential investors your business idea and how you tend to execute such an idea and how viable it is, all these are done with the aim of getting support from investors and clients. You don’t need to have a business up and running before drafting a proposal, just an idea is enough.

Business proposals are for a specified set of audience.

ALSO READ: How to Write a Good Business Proposal 

A good business plan in Nigeria as earlier stated serves as a document to guide a firm into its future or to seek investment from investors. You need to have a business up and running before you could write a business plan.

A business plan is meant for a much wider spectrum of people.

Importance of a Business Plan in Nigeria

Few advantages of crafting a good business plan in Nigeria include;

  • A Business Plan Makes It Easier to Make Future Prediction 

With a well-defined business plan, it’s much easier to predict the future of your business. When you’ve got a clear goal of where you are going, it becomes much easier to plan towards it.

  • It Gives You Better Understanding of Your Market

When crafting a business plan, you get to do quite a lot of research work which would include your target market. Doing this will give an insight into the market, something you probably didn’t have before.

  • You will Know the Business Pros and Cons

As you outline your plans, your strong points become more obvious to you, and that’s what you should focus on moving forward. You’d also see your flaws, with this knowledge, you can work on improving on them – turning them into strong points.

  • Business Plan Improves Decision Making

Irrespective of who your business plan is targeted at, you still get to keep a copy. This informs your decision, leading you to make better choices. If ever you lose track – which is quite certain, you could get right back with the knowledge of your intended plan.

There are many more advantages of why you should have a good business plan in Nigeria, these are just some of the more prominent ones. Therefore, it’s important you take time to carefully craft a business plan, which leads us to the next phase.

Things to Note Before Writing your Business Plan

Before you go-ahead to start writing that business plan, take note of these three points; 

  • Know your Audience: Who would be reading your business plan? Are they well versed in your field of expertise? probably not. This lets you choose your words so as to accommodate almost everyone, you can leave out the technical jargon because not everyone is acquainted with your field. The aim is to use simple grammar while writing, this makes it easier for any investor to comprehend what you’re up to. 
  • Not Too Long, Not Too Short: This is a really sketchy one, but you don’t want to tire out investors. Too long, it seems discouraging to read and most probably won’t be. Too short, you’re seen as not committed to the business. This is what you need to do; your entire document should be between 15 to 25 pages with a very legible font.
  • You don’t have to be an Expert to get started: Many entrepreneurs feel reluctant to start writing a business plan, with the mindset of being an expert with good writing skills to start writing their business plan. There are lots of platforms that could help you create a really good business plan in Nigeria. You could also research available templates to make it a lot easier.

To have a more personalized business plan, you need to craft it yourself, which leads us to the meat of the article.

Proper Structure to Write a Perfect Business Plan in Nigeria

If you want to capture the hearts of your future investors, and probably something to keep you from going on track, then you need this structure in place, in the following order;

N.B. Remember to use legible font while writing, proper paragraphing should be employed and also ensure to use infographics where possible.

  • EXECUTIVE SUMMARY

This is the first part of your business plan, it’s the summary of all other sections of your plans, and as such, it should be concise – not giving off too many details. A good executive summary will determine if the rest of the business plan will be read, especially by a potential investor. 

If this part of your document is nicely written, stating all the relevant information, a client may not need to read the whole plan because you’ve already conveyed the whole message. 

When writing a business plan in Nigeria, you should see this part of the document as your major selling point, so you need to get it right. 

A perfect executive summary should summarize the following; 

  • Value proposition
  • Problem(s) you wish to solve
  • Solution(s) you’re offering
  • Your target market, your competition
  • Overview of your business team
  • Means of funding and milestones reached. 

All these shouldn’t be more than two pages of your document, with you stating the most relevant points, facts, and figures of each.

  • PROBLEM & SOLUTION

As an entrepreneur, your business will definitely be solving a problem, directly or indirectly. You should know what the problem is, making this the second part of your document. If your company isn’t solving any direct or indirect problem, then its relevance is questionable. 

You’ve got problems to solve, how do you go about solving them? 

This is where you’ve got to show your ideas’ credibility. Certainly, you’re not the only one solving the stated problem, there are probably other small business owners like yours, who’re providing similar products or services. 

You’ve got to give reasons why your products and services outperform your rivals, how you intend to make it much better and easier, this is what investors care to know about. Offering a much more efficient product or service which tackles the challenges stated opens the door of investments.

ALSO READ: Top 10 Business Investors in Nigeria

  • TARGET MARKET

Another strong point that would make your business plan stand out is by identifying and targeting a section of the market. Gone are the days of making products or offering services with no intended market, it is critical to the success of any business in the current world.

Take, for instance, you’re into clothes manufacturing, you need to have a specific gender in focus, a specific age group, and probably, people with similar style tastes. In doing this, you’ve got a good chance of succeeding in your field as you already know who you’re targeting, this will surely make investors sign those deals.

  • COMPETITION

If you take a vivid look at the business world we have today, it is obvious that most business entities have direct alternatives, they may be one or more than one alternatives to your business, a perfect example is the Nigerian telecom sector. While this is good for the customers, as they’ve got varieties to pick from in case one option sucks, it’s a challenge you must face as a business entity.

RELATED: How to Start a Recharge Card Printing Business in Nigeria

What you should note therefore in your document are; what your target market entails, what your counterparts are doing currently, and how do you wish to improve on it. Remember, you need to offer better products or services than your competition, or offer these products/services in a much better way.

  • EXECUTION PLAN

After you must have written all the above sections, you then need to come up with an execution plan. Whatever will be written here has to be feasible, without knowing how to go about executing, your plan will remain just a mere plan without life. This is where your plan gets into action.

“Execution” in business plan entails how you tend to market your products/services and your brand, and the mediums required to do so. There’s also a need to structure your pricing policy in relation to the current market.

You don’t necessarily need to give out the actual figures, but you could suggest pricing patterns – the same price as the market, or higher/lesser than the actual market figure. When writing your business plan in Nigeria, it’s important you’ve got steps to execute it, investors don’t invest in oral contents – they invest in the actual content. 

  • PUBLICITY

Publicity is one good point to note when writing a perfect business plan in Nigeria. Truth be told, no one is going to come to look for you if you don’t exist. If you’re just an entrepreneur starting out, then you need to make people know you exist.

Your branding, PR, and advertising all come under this part of your business plan. You’re competing against similar brands and you need publicity to grow your business beyond its current level.

  • TEAM & COMPANY OVERVIEW

Now your business plans have been stated out, revealing all the bits and pieces, and how to execute, but who will execute? Your team of experts is the people responsible for bringing this plan to life. You need to have a competent team, who should be able to carry out this plan and you have to include this in your document. 

You don’t need to highlight the titles of the personnel involved here, an apt description of their level of proficiency in their respective field will be enough.

In your team and company overview, you’d have to include the following to give more insights about the plan; 

  • Your intellectual property, 
  • Your mission statement
  • Business structure
  • Business history 
  • Location 
  • Your financial plan 
  • Personnel plan and your profit/loss profile. 

Now, Your FREE Business Plan Template

As you see in the title of this blog post, I promise to give a free business plan template, and here it is. Please enter your best email address and name in the contact form here and write in the message ox that “I need the business plan template“. Click on “SUBMIT” and the template will be sent to you.

CONCLUSION – Writing a Perfect Business Plan in Nigeria

Writing a good business plan could be an arduous task, but with proper research and commitment, you could craft a perfect business plan among your competitors in Nigeria. You don’t want to rush things, take it a step at a time.

If you need a good business plan writer in Nigeria, you can contact me here or use the free template to craft your own plan.

Don’t forget to subscribe to my mailing list, in order to be notified anytime I publish a new and helpful blog post like this. While waiting till then, you can also share this blog post with your friends by clicking on the floating social media icons here.

How to Become a Successful Real Estate Agent in Nigeria

Stephen Gbolagade
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0
How to Become a Successful Real Estate Agent in Nigeria

Have you ever dreamt of becoming a successful real estate agent in Nigeria but found it difficult to start, maybe you think it’s gonna be a hell of a task or a non-profitable business? Well, no matter what you had in mind before you landed here, I will tell you how you can embrace and excel in the real estate market in Nigeria.

BUT let start with the most important question here;

Is Real Estate Business Really Profitable in Nigeria?

Yes, the real estate business is very profitable in Nigeria. You can make more than N1 million in a month if done rightly. This business has changed the lives of millions of people across the world for the better. Real Estate business is known to cover ⅔ of world treasure.

READ: How to Start Real Estate Business in Nigeria

If you’re thinking of becoming a real estate agent in Nigeria, you have nothing to lose. Even if the economy goes down totally, the price of the property will keep rising and that’s a profit for realtors and real estate agents.

Here is another benefit;

If you have a job like being a banker, doctor, teacher, carpenter, or student, you can still become a real estate agent. There’s no law in Nigeria that forbids engaging in a side-hustle. So, you can say becoming a real estate agent in Nigeria is a source of passive income because you don’t need to quit your job (if you have one) and who knows, real estate might become your only business in the future when you start making some pretty profits.

What Does a Real Estate Agent Do?

A real estate agent helps people to buy and sell property such as land and house. Some smart real estate agent is now engaging fully in the real estate business as they don’t want to help others to sell their properties, but they are also buying and selling.

But, how can you start in the right way and make that crazy profits? Let talk about that;

How to Become a Super-rich Real Estate Agent in Nigeria

The following are what’s needed to become a real estate agent with or without quitting your job;

1. Enroll for Real Estate Courses

This is the first step before you can ever become a successful real agent in Nigeria or anywhere in the world. But you might be thinking that this is not necessary because you see most people in your area without any formal knowledge about real estate but yet, they’re making money.

Well, I understand. But how successful are those people? They have a house and maybe a motorcycle or car. But is that the type of success you want? 

Going for rich-courses on real estate is an investment that you will never regret.

There are some FREE courses available online and also, you can go for PREMIUM or paid courses. But make sure you learn the nitty-gritty of real estate before you think of investing in the business.

After completing each course, you will be offered a certificate and this will really boost your portfolio as a real estate agent in Nigeria.

You can check out this https://schoolofestate.com/, they offer real estate programs and certifications.

2. Obtain Your Real Estate License in Nigeria

Remember I told you that I want you to become successful not ‘just rich’. The second step to achieve that success is to obtain your license.

Most self-acclaimed real estate agents in your area don’t have a license, all they have is a certificate and with that, they can’t do bigger things in the real estate market. But your dream is to conquer the real estate market in your town, city, state, and across Nigeria. Even, you want to be recognized internationally… right? If yes, you need a license that proved that you’re legit and experienced.

Nigeria’s real estate industry is regulated by The Real Estate Developers Association of Nigeria. You need to be recognized by them and this will give you an opportunity to connect and learn from top bosses in the business.

If you reside in Lagos or want to deal with properties in Lagos state, you can obtain a license from the Lagos State Real Estate Transaction Development (LASRETRAD) or go here >> http://www.lasretrad.com/Licensing.aspx

3. Define Your Business Model

This is another important stage in the course of climbing the ladder of success as a real estate in Nigeria. Ask yourself, do you want to deal with buying and leasing or selling of properties only?

Or do you prefer to be a middleman, introducing customers to the property owners and you earn commission on each sale you make?

I know you’re just starting, you can start by being a ‘standard’ middleman till you are able to start buying properties.

I will explain further in steps 9 and 10… Let’s go to the next step!

4. Choose a Unique Business Name

The next big deal is to choose a name that is unique.

When choosing a unique business name, the following needs to be taken into consideration:

  • The name must be catchy and easy to memory or pronounce 
  • The business name must be available to be registered on the domain marketplace
  • The social media usernames must be available for your business name
  • The business name must not be competing with any other business name
  • The real estate business name must have a call to action like “Stephen Realty” etc

You need to do your research thoroughly before you settle for a business name.

5. Register Your Business Name

If you have chosen the best business name, someone can still claim it by registering it before you. Yes, it is very possible.

The only thing you need to do is to register that unique business name before anyone does. To register a business name in Nigeria is quite simple but you don’t just jump into it without a guide.

So, here is a complete guide on how to register your business name in Nigeria.

6. Get an Office

This is necessary if you really want to position yourself as a professional real estate agent in Nigeria. You don’t need to spend money on a luxury office, for now, you can rent a shop in a good area and set it up attractively.

Later when you start making money, you can decide to rent an office in a luxury complex or maybe, build your own.

7. Join Big Real Estate Firms

Are you not confused, that I’m suggesting you join another real estate firm? Well, because you’re just starting your real estate career, you need to make some money before you can establish yourself fully (unless you have some millions of Naira to buy properties yourself).

Don’t get it wrong, you’re not working for these ‘big real estate firms’ but you’re working for your own commission but as “an affiliate” with those firms.

What I mean is this;

First, you can join many real estate firms as much as possible. And second, you make money if you help these firms sell a property and you’re paid according to a commission on whatever you help sell the property for.

Let’s say they list a property for sale at the rate of N2m and the commission for any agent that sells that property is 10%, that’s N200,000 for you. 

READ: How to Start Junk Hauling Business in Nigeria

The more expensive such listed property is, the higher your commission will be.

If you can draw a goal or plan to sell at least five properties per month, you could be making N1m naira every 30 days. Apart from the commission, you may be eligible to win a luxury car or a paid trip abroad (that’s when you reach a great milestone with that firm).

Can you see that you can definitely become a successful real estate agent in Nigeria if you know your onions?

In one of my upcoming articles, I will get you the best 10 big real estate firms that pay good commissions In Nigeria, so subscribe to my mailing list in order to get notified.

8. Buy House, Renovate & Sell

Now that you’ve been making some cash, you can thrive. I mean you can start establishing your own firm. To that, you need to start small and don’t leave the big firms you’re working with.

Look for uncompleted and abandoned buildings, find the owner and negotiate with that person, then finally buy.

Note, before you buy any building, make sure you have your lawyer guiding you in the process. And also analyze if the building is worth buying at the owner’s tagged price. Don’t forget to complete the transfer of ownership and other necessary documents.

If you don’t have enough money to buy the property, you can go to the bank for a loan, explain to them that you need it for real estate investing, and show them your license, business certificate, and other requirements.

After that, renovate the house and make sure that’s more attractive. Depending on the type of house, ensure that the water system is working and other things are in good order.

You can now decide to sell the house. If you decide to sell, calculate all the money you’ve spent and add your own to it, then sell.

Let’s say you spent about N5m, you can place the property for N12m and settle for something around N9.5 Million after negotiation.

This is getting more interesting, right?

9. Invest in Buying Lands

The land is said to be the most important natural asset in the world. Whatever we want to do, we need to do it on land. A lot of smart people are making millions of Naira by simply buying and selling land.

Because your dream is to become a successful real estate agent in Nigeria, I will advise you to heavily invest in buying lands. You can buy a plot of land for N500,000 today and in the next 6 months, that land may appreciate up to N1.5 million. 

If you want to buy land, buy from an under-developed or developing area. There are chances that you will triple the capital in a few months or years.

You can go to a farming area and buy land at a very cheap price, then leave it to appreciate it for some time.

10. Lease Properties

  • For house

You can make more money leasing out properties than selling them, but it’s going to take a while before you can see all the profits. 

According to HuffPost:

If you put 20% down on a property, you will still receive rental income based on 100% of the property value, making it a great return for your 20%. Say your property is worth $100,000 and you charge $750 in rent with $500 in mortgage, taxes and fees. You have a $250 profit on $20,000 down

Let’s say you bought a 3-bedroom flat and renovated it to become 3 different “a bedroom self-contained” with N5 million.

You can choose to lease them out, depending on your area and the amenities, you can lease it for N80,000 – N150,000. If you lease for N80k, that will be N240k/year. If it’s 150k, that will be N450k/year. So, this depends on your area and the unique amenities in your house.

  • For Land

If it’s land, you can lease it for the shop or kiosks owner. Let’s say you bought the land for N800,000. If the land can accommodate like 15 – 20 kiosks, you could charge them to pay 20K each and you’ll be making N300,000 to N400,000 on that land while at the same time, the land is appreciating.

11. Get a Property Listing Website

Your journey to success as a professional real estate agent in Nigeria is missing without having a property listing website.

I know you would have seen some examples of these real estate websites, either public or personal one, you see how it’s easy for people to buy or get the details of each property you have without much talk from you.

If you think this is important for you as a real estate agent, you can hire my parent digital agency. I am the owner of GbolaByte Web Solutions and we have built a lot of websites for our clients including the realtors and real estate agents, eCommerce store owners, etc.

You can hire us and we won’t disappoint you. Okay, let go to the next step;

12. Go Digital With Real Estate Marketing in Nigeria

Now. you need to combine your offline method of marketing with digital marketing. Embrace the use of Influencer marketing, social media ads, etc.

You can also use SEO (search engine optimization) to rank your website and do local citations for your business if you want to rank high in your area. For example, searching for “Website Designer in Ilesha or Osun State”, GbolaByte, my digital agency will be featured at the top in Google results. I can help you do that for a token.

Make sure to advertise all your listed properties online, in order to get more clients.

13. Help People to Sell Locally

This is one of the top 1% reasons you’re called a real estate agent. You need to build your portfolio, by helping more people to sell or lease their houses or lands.

Another way to make money locally as a real estate agent is to build loyalty and connection with people. With that, they will be able to recommend you to property owners and from there, you can be entrusted with people’s property.

You can as well reach out to property owners yourself, but make sure you always approach them with good presentation and proof that you’re the right real estate agent for their property.

14. Employ Sales Reps.

You should have started doing this for a while, but if you haven’t, it is high time you start employing sales representatives. Of course, these sales representatives are not going to be walking from house-to-house in order to help you sell, but you can allocate them in different areas across your city and your state at large.

The more effort and investment you put in, to expand your business, the more profits you’re going to make.

Conclusion: Step-By-Step Guide to Become a Successful Real Estate Agent in Nigeria

Don’t just stop, make sure you rinse and repeat all the processes, especially from step 6 to 13.

If you don’t skip a step, you’ll definitely become a successful real estate agent in Nigeria. If this blog post helps you, you can help others by sharing on social media platforms by clicking on the floating social media icons here.

You can as well subscribe to my mailing list in order to be notified when I publish content like this. Finally don’t forget to write down your comment below and I will be glad to read how helpful you found this.

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