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E-commerce related businesses is one of the first 5 most lucrative business in this era. That’s why search engines’ trends are flooded with questions relating to profiting from ecommerce business, how to start a dropshipping business in Nigeria, is dropshipping worth investing in and whole lots of questions relating to dropshipping in Nigeria.

Perhaps one of the best business models to delve into at the moment, dropshipping is the new kid in town, turning heads here and there. So what’s dropshipping? If you’re oblivious of its meaning I’ll shade more light on it.

For the sake of this post, I’ll be showing you a good way to get a dropshipping business up and running in Nigeria. But before delving into that, let’s get to understand what this business is all about.

What is Dropshipping?

Dropshipping is a part of e-commerce business that you can run smoothly without owning an inventory of products.

The aim of this business is to make e-commerce much more simpler and enjoying, imagine owning a virtual store that doesn’t exists or have a physical warehouse anywhere else but the genesis and revelation of the business is run in your online shopping site, how fun is that?!

The structure is quite similar to that of the conventional e-commerce model, the site and its hosting, placing and delivery of orders, payment options and more are pretty the same.

This dropshipping business in Nigeria comes with its perks or should I say advantages that makes it more awesome.

Is Dropshipping Worth It? Few Benefits of Starting Dropshipping Business in Nigeria

  • First, starting a dropshipping business is less capital intensive.

You don’t need a huge capital to start a dropshipping business in Nigeria, whereas the usual e-commerce will require you to purchase goods, build or rent an inventory to house your goods, employ workers to help you, because you can’t do it alone and also purchase delivery vehicles. All these are eliminated with dropshipping.

  • Moving on, another sweet aspect of dropshipping is its portability.

Yes, you read right! At any location, you can manage your store and make money, all you need is good internet connection and your smart gadgets and you’re good. The problem of owning a physical office which will surely require your day to day presence would be no more.

  • Lastly, the concept of risk is minimized in dropshiping business.

Every business has its risk accompanying it, e-commerce business has its own risks. The risk may in the form of broken product which wouldn’t go down well if shipped to the customer.

You’re not only going to lose money, but your reputation may be dented by negative reviews. Although dropshipping has its own risk, these form are reduced to a minimal level.

These and few other things makes dropshipping the new goldmine for making money online. If you wish to start a dropshipping business in Nigeria, I’ll be showing you the right way to go about it. If you’re ready, let’s dive straight into it!

How Can I Start a Dropshipping Business in Nigeria?

1.      Source for Capital

Saying earlier that this business isn’t capital intensive doesn’t translate to no capital at all, no you’re gonna need some money to get your business off the ground.

Every business sure needs a capital, I haven’t seen one which doesn’t. It’s the first step for all businesses. Capital isn’t or doesn’t have to be a fixed amount, it shouldn’t necessarily be monetary – it could be in the form of hardwares, personnels etc.

You may be asking……

How much money do I need to start a dropshipping business?

If you can’t design a website at all not to talk of an ecommerce website, prepare at least $500 (N180,000). This fee includes buying the plugin, the web hosting, the domain, theme and paying the lucky website designer.

To be sincere with you, you will need to prepare at least, $1000 (N360,000) if you’re thinking of using huge CMS platforms like Shopify. This will be used to set up your store and dropship products.

If your budget is far below that, don’t panic. You can also start this business for as low as $200 (N72,000) using Woocommerce dropshipping platform. Although, this budget is can only buy you a low-hosting space, domain and buy “Alidrop Plugin” to dropship products easily from AliExpress.

You’ll need to pay a web designer to set it up for you. I charge $200 for this service.

In addition, the capital for starting a dropshipping business in Nigeria may include funds to purchase a smart gadget that’ll be used for running your store, this gadget may be a PC, a Smartphone or Tablet – these devices should be able to access the internet. (In case you don’t have any of these already, it’s compulsory to run your business smoothly).

2.      Get Your Gadgets Ready

Well you’ve sourced for your capital and it’s ready, it is time you go out and get your smart gadget if you don’t have one already.

We find ourselves in a digital era, the old ways of doing certain things are slowly phasing out, giving way to technological diven methods. The ideology of having a physical office is no longer the main thing. Today you can practically have a virtual office where the day-to-day activities are carried out and managed.

Be sure to get the best quality gadgets for a much better performance and durability, the cheaper counterparts may be good but the overall durability and longevity may be absent.

3.      Choose Your Niché

This step is significant in giving you a sense of direction and stimulating your focus. Don’t be tempted to go all out and get every possible product out there on your site, choose a niché and stick to the products pertaining to it.

A person who knows where he’s heading to will get to where he wants by following the right roads, a man that doesn’t have a destination will keep wandering around and may never get anywhere.

What’s the meaning of Niche?

Oxford Dictionary define “Niche” as a comfortable or suitable position in life or employment. – Lexico Online Dictionary

Now, relate that how you want to start a dropshipping business in Nigeria.

Choosing a niche in dropshipping means choosing a “comfortable” or “suitable” (not everything) in e-commerce’s niches.

Dropshipping niches includes Fashion, Computer Gadgets, Furnitures, Watches and son on. So choose one not everything.

If you’d want to be among the big fishes, swimming in the ocean of lucrative dropshipping business in Nigeria then you’ll need a sole focus.

Better still, you can focus on the best-selling products for dropshipping, I’ll soon publish an article on that, be sure to subscribe to my newsletter in order to receive it in your inbox.

4.      Choose Your Preferred E-commerce Building Platform

There are numerous platforms for dropshipping, the likes of WooCommerce and Shopify are the two most used platforms and probably the best among others.

Some platforms offer a complete package of both CMS and hosting, some will require a separate provider for hosting, there’s an article on these hosts, their pros and cons – check it here.

Be sure to do a proper research so before choosing your most favourable choice, so as to prevent unwanted expenses. Shopify, one of best CMS out there do offer a 14–days trial period where you get the chance to test things and see if they suit your needs.

5.      Build Your Online to Get Ready for Business

After choosing your preferred ecommerce platform for dropshipping available in Nigeria, the next thing is to set up your site.

You’ll need to be careful when doing this, as this can create either wrong or right impression on your business. A good, clean and responsive theme should be used.

I don’t have much to say about this point because it’s self-explanatory. But in case you need a professional website designer to help you set up your dropshipping store at an affordable cost, kindly contact me here or WhatsApp me: 080 6886 6068.

Note that I gives special discount to readers of my blog who hire me for a particular service.

6.      Get a Supplier

As I stated earlier, a dropshipper has no physical store or inventory, but you’ll have an online store. As customers makes their orders, it is relayed either by you or an automated process to the supplier who then ships the goods to the customer.

The party handling the shipping fee will be agreed upon between you and your supplier.

One of the great e-commerce marketplace you can source for a reliable supplier is AliExpress.

They have a plugin called the “AliDropship” as I mentioned earlier. This plugin seamlessly integrate your site with the supplier (currently available for WooCommerce users only), this reduces the stress of doing everything on your own.

There are other options available, but I’ll advise you stick with AliExpress, they’ve proven to be reliable over the years and you can get more by using their service.

7.      Market Your Brand!

People won’t just start patronizing your service, you have to get word out that you exist, you’re into this and why they should choose your brand. You should also consider giving out little incentives for the first few customers and try to make a good impression when you do, else you’ll lose them after that.

In terms of marketing and spreading the word, I’m not talking of the traditional old fashioned way of advertising, they’re better ways to go about it – I’m talking about digital marketing!

You could use the services of affiliate marketers, or you could do it yourself via social media marketing, email marketing and SEM (search engine marketing).

You could do all these yourself or you could employ the services of skilled personnels in this field.

Conclusion – Starting a Dropshipping Business in Nigeria

With all these in place, you’d be making money via dropshipping in Nigeria. Many people are racking in the cash daily from dropshipping in Nigeria, with the aid of this guide you could start earning too.

Daily, more ways for making money keep springing up, dropshipping is one good way to get your money. One good thing about this business is its flexibility – you can either engage in it full time or part time while still keeping your daily job.

I will writing on how to build a dropshipping website using Shopify or Woocommerce very soon, all you need to subscribe to my free newsletter and let grind this together.

Here are the 7 easy steps to start a dropshipping business in Nigeria. What’s your take on dropshipping business in Nigeria? Let me know in comments!

 

Stephen is a frontend developer, WordPress expert, SEO manager, and Blogger. He manages this blog on a part-time basis as he's keen on writing code and helping business owners to get more from their business online. You can hire him to help you design a website, promote your songs, run effective social media ads, manage your website or teach you what he knows. Contact him here: on WhatsApp or check him on on Linkedin

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Business

GIG Logistics Branches and Location (Addresses) in Nigeria

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GIG Logistics by GIG Mobility is one of the leading logistics companies in Nigeria due to the company’s mode of operation. Delivery is fast and the fee is not as expensive as other competitors.

If you’re trying to ship your stuff across the country, or to other countries like in Africa, the USA, the UK, etc., GIG Logistics can be your sure plug.

But as a new customer, you may not know how to contact them. The good news is that you can do more with the company via their website (giglogistics.com). 

But in case you need to visit one of their branches very close to you, and you don’t know where to go, I will be covering that in this blog post.

RELATED: How to Start A Successful Logistics Business

Important Notice: In case you don’t find your city on the list, don’t panic. GIG Logistics can still deliver to you but you may need to contact them via email or telephone call if you’re the one sending.

If you’re not sending but receiving, you don’t need to stress yourself, just be available when it’s time for delivery.

GIG Logistics Delivery Vans

GIG Logistics Delivery Vans

You can easily click on your state in the table of content below rather than scrolling and scrolling till you miss what you’re looking for.

Here are the locations;

GIG Logistics branches and location in Nigeria

  • GIG Logistics Head Office in Nigeria

GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway, Beside Eterna Fuel Station, Gbagada Lagos, Nigeria.

  • Abuja (FCT)

Garki

SICCONS PLAZA, Opposite Unity House, Beside Lifemate Furniture, Garki Area 11

Gwarimpa

House 38, 3rd Avenue Gwarimpa, Opposite Union Bank Abuja.

Gwagwalada

No 10 Ajibade plaza beside okay Japan Electronics.Park Road Gwagwalada .

Kubwa 1

Block, 43, Gado Nasko way, opp 2/2 Court Kubwa.

Kubwa 2

Opposite Ignobis hotel plot 17 Gidin dutse layout, kubwa.

Utako 2

Abraham Plaza, Suite A13 Plot, 6 A.E. Ekukinam St, Utako Abuja

Wuse 2

80 Aminu Kano crescents opposite Sherif plaza beside Wema Bank Banex wuse 2

Maraba Experience Center

No 132 GIZA PLAZA OPP CHRISGOLD PLAZA BESIDE MTN OFFICE MARARABA

Madalla

Madalla by Mobil, along Abuja – Kaduna Express Road.

Utako 1

Plot 113 I.V.W. Osisiogu Street, beside Utako Police Station Utako Abuja.

Zuba

206, Zuba Market, Opp. Lagos Line, Zuba

  • Lagos State

Alaba International

Cs1 Ground Floor Corner Stone Plaza By Dobbil Avenue Along Phone Village Road, Electronics Section Alaba International Market.

Ajah 1

KM 25, Lekki-Epe Express way, Ajiwe-Ajah.

Ajah 2

KM 22, Lekki-Epe Express way, Opp. Jeffrey’s Plaza, by Abraham Adesanya Roundabout, Ajah.

Akowonjo

41 Shasha Road, Akowonjo Junction, Dopemu, Lagos.

Awoyaya

Km 36, Lekki-Epe Express Way, by Ogunfayo Bus Stop, Eputu, Awoyaya Lagos.

Cele Okota

103, Okota Road, Cele.

Festac

1st Avenue Road, Festac first gate, besides INEC office, Festac town, Lagos.

Gbagada

7, Hospital Rd, Ifako, Gbagada, Lagos.

Gbagada Express Center

GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway,Beside Eterna Fuel Station, Gbagada Lagos

Ikeja

9, Medical Road, former Simbiat Abiola Way, Opp, Zenith Bank.

Ikoyi

103 Awolowo road, Ikoyi Lagos.

Ikosi

16 Ikosi Road, Ketu Lagos.

Ikorodu

Sabo Road Garage, Ikorodu.

Ikotun

29, Idimu Road, Opp. Local Govt, Council, Ikotun, Lagos.

Ilupeju

13C Ilupeju Byepass, Ilupeju, Lagos.

International trade fair

Shop D77 & D78, Abia Plaza, BBA, Lagos Int’ Trade Fair Complex, Lagos.

Ipaja

164, Lagos Abeokuta Express Way, beside Diamond Bank, Lagos.

Jibowu

20 Ikorodu Express Road, Jibowu, Lagos.

Lekki Admiralty

No 1A, Wole Ariyo Street, Beside First Bank, Lekki Phase 1.

Lekki Admiralty 2

Jubilee Mall Admiralty Way, Lekki Phase One, Lekki.

Lekki (Fola Osibo)

Ground floor Legends Place Mall Plot 29 Fola Osibo Lekki Phase 1, Lagos.

Igbo Efon

Km 17 Scapular plaza Igbo efon.

Old Ojo Road

Old Ojo Road, by Police Station Lagos.

Ogba

3 Ijaiye Road, Beside FCMB Ogba.

Opebi

62 Opebi Road, Ikeja Lagos.

Oyingbo

No 25 Otto Causeway Opp Iddo bus top, Iddo Ebute Metta Lagos.

Sango

3, Abeokuta – Lagos Expressway, Sango Ota, Opp. Sango Bridge.

Surulere

26, Adeniran Ogunsanya, Surulere, Lagos.

Volks

169, Badagry Expressway, Volkswagen Bus Stop.

Victoria Island

1436 Sanusi Fafunwa Street, Victoria Island, Lagos.

Yaba

Tejuosho Ultra Modern Market, Ojuelegba Road, Yaba, Lagos.

Epe

Animashaun Plaza, Beside Petrocam fuel station, Near Epe T-junction, Epe.

Isolo

43, Osolo Way, Ajao Estate, Ekwu Awolo House.

  • Abia State

Aba

No 5 Asa Road Former/Old Nitel Building Aba

Umahia-1

8 Mission Hill, Opposite Villaroy Hotel, Umuahia Main Town

Umahia-2

No 60 Aba Road, Close to MTN Office at Aba Road, Umuahia.

  • Adamawa State

Yola

Plot 2 Bekaji Plaza, Bekaji Karewa Road, By Fire Service Roundabout, Jimeta Yola.

  • Ekiti State

Ado Ekiti Center

Soladola petrol station, beside Apc secretariat, opposite moferere junction, along ikere road, Ajilosun

  • Osun State

Osogbo

Ogo Oluwa Bus Stop, Gbangan / Ibadan Road, NIPCO Petrol Station, Osogbo.

  • Imo State

Owerri

Plot C31, Relief Road, by Relief Junction, Off Egbu Road, Owerri.

  • Niger State

Minna

Landmark: After Mr Biggs beside Nepa Office, Farm Center Area, Tunga, Minna – Niger State.

  • Benue State

Makurdi

No 4 Old Otukpo Rd, Opposite Dester’s by Savannah Roundabout.

  • Kogi State

Lokoja

No 1 IBB Way, Adankolo, Lokoja, close to Federal Medical Cente

  • Nassarawa State

Lafia

Shops 1 & 2 Police Officers Mess, Opposite Polaris Bank, Jos Road, Lafia.

  • Kebbi State

Birnin Kebbi

Ahmadu Bello Way opp alhaji boye coca cola Depot Birnin Kebbi, kebbi state.

  • Katsina State

Katsina

Shema Plaza Ground Floor, Mani Road, by W.T.C Round-About, Katsina State.

  • Kano State

Kano 1

No 1 bompai road by Tarawa Balewa way, Opp Grand Central Hotel Kano.

Kano 2

Centro Plaza, Opposite Buk Old Site, Kabuga, Kano.

Kano 3

No 32 Zoo Road, Opposite Shoprite, Kano.

  • Kaduna State

Kaduna 1

8 Ahmadu Bello Way, Off Kastina Roundabout, City Plaza, Kaduna State

Kaduna 2

Lagos Garage by Airforce Mami Mando, Kaduna State.

Kaduna 3

Nnamdi Azikiwe Expressway by Command Junction, close to Samrada Fuel Station (beside 911 bakery).

Zaria

Dairu Garba Plaza, 18 Sokoto Road, MTD Junction By Nnpc Filling Station, Sabon Gari, Zaria.

  • Plateau State

Jos 1

Plaza 1080, Yakubu Gowon way, Dadin kowa second gate.

Jos 2

Angwan Soya Zaria Road bypass, Opposite Jankwano Bingham University Teaching Hospital.

  • Jigawa State

Dutse

Government House Round-About, Asamau House Block B, Number 8, by Airtel Office, Dutse, Jigawa State.

  • Taraba State

Jalingo

32 Hammaruwa way. Besides former Kashere Filling Station Jalingo.

  • Oyo state

Ibadan 1

Town Planning Complex, by Sumal Foods, Ring Road, Ibadan

Ibadan 2

Suite 5, Kamal memorial plaze, former iyalode complex, opposite funcktionals clothing, bodija – UI road, UI Ibadan.

Ibadan 3

No 76 Opposite Arisekola Mosque Iwo Road Ibadan.

Ogbomosho

NNPC Mega Station, Opposite Zenith Bank, Star Light, Ogbomosho, Oyo State.

  • Kwara State

Ilorin 1

190, Ibrahim Taiwo Road(Upper Taiwo), Opposite Primo Pizza / Chicken Republic, close to new Wema Bank, Ilorin.

Ilorin 2

No 1 Umar Audi road, Fate Road, Tanke GRA, besides Hotels Mirabilis. Ilorin.

  • Enugu State

Enugu 1

7, Market Road, Holy Ghost Park, Opp. State Library, Ogui, Enugu.

Enugu 2

67, Zik Avenue Uwani Enugu.

Nsukka

No 64 Owerrani, Enugu Road, Nsukka.

  • Edo State

Uselu

202, Uselu Lagos Road, Ugbowo Benin City.

Akpakpava

112, Akpakpava Road, Benin City.

Airport Road

Shop 1, Omegatron Plaza, 47 Airport Road, Benin City.

Ramat Park

42, Benin/Agbor Road, Oregbeni, Ramat Park Benin City, Edo State.

Auchi

Okene Express Way, Opp Auchi Polytechnic, Auchi.

Ekpoma

Ukpenu Road Opp. Grail Message Centre, Akahia, Ekpoma.

  • Delta State

Asaba 1

Asaba Onitsha Expressway, By Head Bridge.

Asaba 2

445, Nnebisi Road, opposite Zenith Bank, Asaba.

Asaba 3

SUIT 53/54 INDEPENDENCE MALL OKPANAM RD, ASABA.

Warri 1

138, Effurun-Sapele Rd, by Airport Junction Warri.

Warri 2

116, Effurun-Sapele Warri Road, Effurun Opp. Our Ladies High School.

  • CrossRiver State

Calabar

29 Ndidem Usang Iso Road ( Aka Marian Road) Calabar.

  • Bauchi State

Bauchi

Shop 7, Yandoka Road, Adjacent MTN office. Opposite First Baptist Church, Bauchi State

  • Bayelsa State

Yenagoa 1

Kpansia Epia, Opposite Wema Bank by INEC Junction, Yenogoa

Yenagoa 2

Pam House, Tamic Road and School Road, Okutukutu By Isaac Boro Expressway, Yenogoa

  • Anambra State

Awka

Elite Shopping Complex Opp Crunchies fries, Enugu/Onitsha Expressway, Awka

Onitsha

2 Awka Road, By DMGS Junction, Beside All Saints Anglican Cathedral, Onitsha

Nnewi

No 73 – Owerri Road, Martina Chukwuma Plaza (Innoson Plaza), Opposite The Salvation Army Church, Umudim Nnewi

  • Akwa Ibom State

Uyo 1

3, Monsignor Akpan Avenue, Itam industrial layout, opp Timber Market, Itam.

Uyo 2

No 108 Oron Road, beside the First bank, Uyo.

  • Ondo State

Akure Center

No 22 Oyemekun Road by Cathedral Junction Akure

  • Rivers State

PHC Choba

LACFOG PLAZA Adjacent Choba Police Station East-west Road Choba PHC.

PHC Woji

No 118 Off Woji GRA, Same Building with Miskay Boutique By Bodo Junction, Port Harcourt.

PHC Stadium

No 9 Stadium Road, Beside Benjack, Port Harcourt

PHC Artillery

Cocaine Village Junction, Off Aba Rd, opposite Genesis, Rumuogba, Port Harcourt.

PHC Peter Odili

No 89 Peter Odili Road Port Harcourt.

PHC Ada George

No 18 Ada George By Okilton Junction, Port Harcourt.

  • Sokoto State

Sokoto

3/4 Maiduguri Road Gawon Nama Area

  • Zamfara State

Zamfara

C 1, A A Master Plaza Canteen Road Gusau.

======================================================

This is the complete list of GIG Logistics and their location in Nigeria. If you have any questions regarding GIG, kindly contact them directly. You can see how to contact them via their website at https://giglogistics.com

If you want to ship an item from the USA stores like Amazon, eBay, etc., to Nigeria, you can read my guide on how to ship with Heroshe Logistics.

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7 Super Professional Tips to Build a Successful Business in 2022

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It is a new year and you’ve been thinking of how you can build a successful business but don’t know how or where to start. Let’s talk about that and see if you’ll learn something, or be inspired.

Some businesses fail because they’re following old blueprints which no longer work effectively to build their startup.

We’ve learned a lot between 2020 and 2021, and we’ve seen how businesses are affected by the ongoing Corona Virus pandemic. But ideas to start or build a business are waxing stronger in us, how are we going to bring these ideas to reality?

But is 2022 the right time to start a business?

Yes, it’s never too late to start a business in 2022 and you are still going to see rapid growth if you put in all the efforts.

Regardless of the Coronavirus and its variants, you’ll agree with me that starting and building a business these days is easier compared to a few years ago as a result of technology and more investors who’re ready to provide capital for a futuristic business plan.

According to a report, investors spent more than $140 billion to support startups in 2017 and the figures have increased ever since then till date. This shows how people like you are creating something or a platform that solves a ‘problem’ and how people are ready to support it. 

If you’re also planning to launch your startup, you’re welcome, it’s never too late to be phenomenal.

Aside from investors who’re ready to invest, you don’t necessarily need to build your business by renting a big hall or apartment for office use, thanks to COVID-19, you can gather your team and work remotely, while you’re saving a lot of money that will go into office setup.

If you have a good business plan or startup idea and you’re worried about what to do next, the following tips will help you get started;

7 Tips to Build a Business in 2022

#1. Do Your Research and Understand Your Mission

You see, a lot of people see other people building stuff and they got jealous to build something too – this is a wrong motivation to start a business. 

You have to think clearly about what you want to do, you ask yourself: “In what way(s) can this idea or business help people?” – emphasize “help people”.

If you want to start a fashion design company, do your research thoroughly and understand that you’re about to build a type of business some people have built already. So, how are you planning to get better and beat your competitors?

For instance, can you think of a unique fashion trend and dominate it for the long term? If yes, what fashion trend and how can you hit the market with your idea?

You have to plan all these, you just don’t voluntarily jump into the ocean without knowing if it’s safe or not. If it’s not safe, then how are you going to survive?

#2. Get a Team Members with Common Goals

The spirit of being the CEO and (sole) founder is part of what’s killing some businesses and startups to date. I’m not saying you can’t build a business alone, you can! But you can’t survive alone. If you survive alone, you won’t go far alone.

Build a Successful Business

People (Team) Working Together – Credit: Pexels.com

You have to understand this concept. If you read about big business builders in the world, you’ll notice one thing that’s very common to them – they don’t build alone! 

Bill Gates, Mark Zuckerberg, Elon Musk, etc., will tell you that they called their friends when they were about to start their company. Why? It’s simply because they need teammates who can work with them to achieve their primary and respective goal(s).

The reason is simply that if one is falling, another person will lift him. And this boils down to you looking and calling the right people to join you or else if you fall, that’s the end of the business.

So look for the right people in your circle, during meetups, on social media, share the business idea with them and be patient to see those who’ll be ready to join you.

Getting team members here is different from hiring people. You have to look for someone or some people who’re ready to take ownership of the business and work diligently.

They can in turn be your co-founder, CTO, etc… Just make sure you’re careful and patient enough to see someone with the same common goal.

#3. Start Building with the Little You Have:

You know the type of business you want to build and you have someone or some people who are ready to work with you. The next thing is to start building that business with the little resources you have.

The mistake most people make is that they’re waiting for the “perfect time” and that time translate to when they have sufficient money to invest in the business. The truth is that that perfect time won’t come unless you start now.

And I will like to say this if you’re starting a new business but you don’t have money to invest personally, you’re still not going anywhere. It’s either you get a job, make money and come back to that idea or, you sell the business idea to someone else.

The bottom line is that you have to start from you, even if you will need investors to inject capital into your business, you have to show them something – your ideas + efforts.

#4. Create Good Information and Communication Flow

As part of what you’re starting with, is how you can bridge the communication gap between your business and your target audience (investors included). That’s why you need to invest in creating that information and communication flow.

This is not a big deal at all, you just need to create an online presence for your business by getting a website, getting on social media, and investing in Email marketing or CRM tools.

If you can’t build the website yourself, you can hire freelancers to get the job done for you, there are free email marketing tools like MailChimp that you can get started with. You can hire an expert to manage your business’s social media handles for you too. The person will be in charge of content creation, posting, and attending to comments.

Having a website is very important, if it’s just a landing page, do it and let people know about your business from there and use your social media handles to keep telling people about your mission, not that loudly tho.

#5. Start Expanding the Business

You’ve tried a lot, but it’s not the time to relax. It’s time to start thinking of expansion. I mean expansion at all lengths.

If you launch your business to focus on people in Canada and they accept it with open hands, it’s time to expand to New York, and then to Paris, to Africa, etc.

In your team as well, you need to have some people who will be in charge of marketing, human resources, engineering, international relation, legal, and many departments within your company.

With great power comes greater responsibility, the more you’re growing, the more you should expand.

But what if your company can’t afford to hire people you need to run the business as you’re thinking of expanding, is that the end? No, it’s not!

#6. It’s time to Seek Business Funding

This is not a must if your business can afford to finance itself, but I bet it can. As a startup that’s at the entry or expansion stage, you need money to take care of a lot of things and some people are ready to provide that money!

There are people called Angel investors and some are called Venture capitalists, these people are in the business of investing in other businesses to make a profit. No money is too big to invest for VCs as long as your company’s evaluation is also big.

If you think your business need funding, kindly check this blog post on how to get one for your business.

#7. Don’t Stop Expanding; Invest More in Your Business

You’re not there yet. Start investing more in advertising, your team members, think of innovation and, acquire other related small businesses.

Just don’t stop growing!

I hope these tips will help you start that business in 2022 and I believe you can conquer the world, don’t worry, start today!

If you love what you just read, kindly consider subscribing, and don’t hesitate to use the comment box below to let me know your feedback.

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MTN’s IPO: How to Buy MTN Shares with less than N50,000

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Here is your time to shine, you can now buy MTN shares and join the leagues of MTN shareholders in Nigeria.

Nigeria’s telecommunication giant, MTN Nigeria recently announced the selling of 575 million of its shares to the public on Tuesday, November 30th, 2021. Just in case you don’t know what “shares” is, let’s me quickly tell how it works;

What are Shares?

Share simply means a percentage of ownership in a company. Those who hold these shares are called “shareholders” and you can also call them “investors”.

What that simply means is that, let’s say you buy MTN shares, you have a percentage of every percentage of the company. If the stock rises, your share rises and vise versa.

How Shares Work?

The more shares of a company you’re holding, the more decision-making power you have in that company and the more your profit if the company is performing well.

Let’s say you buy 250 units of MTN shares at the rate of N169 each, which is N42,250.

And luckily, MTN stocks jump to x10, that’s also N42,250 x 10 for you. You’ve made N422,500!

That’s just the simple idea, if you know how FOREX, stocks, or cryptocurrency work, you have the idea of how Shares work also.

But you don’t need to panic because MTN Nigeria is leading and doing well in Nigeria, investing your money to buy from their shares will be a good return on investment (ROI) for you.

…and this is a golden opportunity if you’ve been looking for where to invest your money.

Right in this blog post, I’m going to share with you how can buy these MTN shares easily and answer a few things you may want to know. But let’s start with the eligibility and requirements;

Eligibility and Requirements to Buy MTN Shares

1. You must be 18 years old and above – No minors *(-_-)*
2. You need a Bank Verification Number, BVN
3. You need a CSCS (Central Securities and Clearing System) account
4. You must behold the shares for at least 12 months, if you can’t let your money work for you in 12 months, don’t even try buying.
5. You must be able to buy a minimum of 20 unit shares, while the maximum is 250 units.

Buying MTN Shares: Other things you need to know

  • The general public can buy the MTN shares from December 1 to December 14, 2021 (just 2 weeks)
    The MTN share offer will be priced at N169 per one unit
  • The minimum amount you’ll invest (for 20 units) is N3,380 and the maximum (250 units) is N42,250
    Your stockbroker or a certified Momo Agent can help you
  • Visit https://mtnoline.com/PO in case you need help

Now, let’s talk about how you can buy MTN shares before the deadline!

How to Buy MTN Shares in Nigeria

There are two ways to buy the shares, you can buy through;

1. PrimaryOffer
2. MTN MoMo agents

  • Buy MTN Shares with PrimaryOffer

PrimaryOffer is a service (or product) by NGX exchange where you can buy new public offers like this MTN share. Here is how to buy your MTN shares on PrimaryOffer:

– Visit www.primaryofferng.com and click on “Get Started”
– Click on “I am an individual investor” if you’re buying for yourself
– You’ll land on a page with MTN branded banner at the top, but click on “Create an Account” to get a PO account
– Put your BVN number and correct date of birth
– Click on “Continue”
– On the next page, your primary data would have been generated from your BVN, fill out the remaining data such as “email address”, “your mother’s maiden name” etc.
– Click on “continue”
– Verify your OTP: check your email address to get the code
– If you do that correctly, your account will be verified and the next thing is to login
– Login with your email address and password

Finally, buy the MTN shares!

After you log in to your PrimaryOffer account, you will see the only shares available (MTN shares), click on the MTN logo, it will load to open a new page.

– Scroll down and put in the unit of shares you want to buy. Note that the minimum is 20 and the maximum is 250
– Check the agreement and conditions, and
– Click on “continue”
– CSCS account will be created for you, but you need to complete it manually on the next page by filling in one of your bank details
– Click on “update Bank”
– Continue to complete all necessary stuff such as uploading a proof of address, your national ID card, and your signature.
– You can as well complete your social profile
– If you’re done with that part, go back to offerings to buy the MTN shares.

Important Notice: You can also use the PrimaryOffer mobile app to do all these things.

ALSO CHECK: How to Invest in Treasury Bills in Nigeria

That’s the first method of buying MTN shares in Nigeria.

  • Buying MTN Shares with Receiving Agents

Just in case the steps above are too technical for you to do, you can use a receiving agent and the person will do all the hard work for you.

Receiving Agents you can use:

1. MTN MoMo Agents

MoMo agents have received training on how to help people buy MTN shares. So you can visit any MoMo agent close to you and they’ll help you out.

2. A Stockbroker

Stockbrokers are professional, if you see one, ask them for help but be careful and make sure you use a trusted broker.

So, that’s how to buy MTN shares in Nigeria.

Summary: How to Buy MTN Shares in Nigeria

– You can buy MTN shares for as low as N3,380 and the highest you can buy is N42,250
– The best way to buy MTN Shares is through the PrimaryOffer’s website or mobile app
– The public sale of MTN Shares will end on December 14, 2021 (Maybe this will be extended, I don’t know)

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