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How to Start HR Outsourcing Company in Nigeria – 7 Strategic Steps

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Are you thinking of starting an HR Outsourcing Company in Nigeria but don’t really know how to get the idea to reality? If yes, then it’s the right time to stop worrying. But before we got the real ball rolling, I guessed you already known what HR Outsourcing Companies does?

If you’re conversant with job search in Nigeria, you would had probably have a better understanding of the concept Human resources, outsourcing and its management.

However, this article is meant to educate and enlighten your dark end in this concept, just in case you find this aspect of business interesting and would like to venture into it.

Outsourcing business in Nigeria is on a leading pace, and will remain a veritable source that will still create millionaires with ease, giving to the number of students graduating from the tertiary institutions yearly.

These students having graduated ultimately turn to the labour market thus creating a favourable business ground for recruitment agencies who make money by simply assembling, screening and training job applicants then hand them over to employers in need of human resources for employment.

With that out of the way now, if you’ll like to start an HR Outsourcing Company in Nigeria, kindly read each paragraph of this guide with intense concentration as if it’s a onetime life opportunity that’ll never come your way again.

What is HR Outsourcing? – Understanding the Concept HRO Companies

The abbreviation, HR stands for “Human Resources”.

An HR Outsourcing Company in Nigeria or any part of the world is responsible for finding employee, screening, recruiting and training these employee, in turn hand them over to employers who in one way or the other needed their services.

These employers could be; financial institutions like banks, corporate organizations, government establishments as the case may be. It then stands that there are no limit to category of employers who could demand the services of a human resource outsourcing company in Nigeria.

Function and Benefit of an HR Outsourcing Company

You may understand this concept better with the illustration below

Assuming a job hunter Mr. Michael Olgade approaches XYZ HR outsourcing company in Nigeria for a job opportunity, XYZ outsourcing will in turn access Mr. Michael Olgade having received his resume. If the applicant here, Mr. Michael Olgade meets the required standard, he’s then screened, got trained and will be made available to say a corporate organization RTY who depends on XYZ HR outsourcing for its employee. RTY however pays XYZ HR outsourcing either a onetime fee or monthly via possible deductions from Mr. Michael Olgade’s monthly salary.

Here is the benefit:

It then stands that the outsourcing firm will continue to make money from Mr. Michael Kennedy so long he’s still on RTY payroll.

You can now see that it’s a continuous process that will allow you to make money off an employer and his employee for as long as the contract remains valid. I’d want to believe you now understand the entire concept and how it works.

Related: Top Asset Management Companies in Nigeria

Having understand this business, I will then walk you through the processes involved in setting up not only a HR outsourcing firm in Nigeria, but a successful HR outsourcing business.

7 Steps to Launch Your HR Outsourcing Company in Nigeria

1. Business Registration

This is about the most sensitive department of your HR outsourcing company that must be given the attention it deserves. Business registration gives your firm an upper hand in so many sphere of outsourcing.

Recall, you would be dealing with corporate organizations, financial institutions and government agencies who would mostly not do business or go into contract with a non-registered business for varying reasons around legal protocols.

Aside that, getting your business registered gives it a face lift it deserves ordinarily, firms and other businesses would find it reasonable and comfortable enough to take up a deal with you.

Other benefits of getting your HR Outsourcing Company in Nigeria registered include but not limited to;

  • Having registered, your business would be issued a Certificate of Incorporation by the Corporate Affairs Commission (CAC). This certificate is usually required when you want to carry out some profile business transactions. Even corporate account opening in any Nigerian bank, it’s a legal document that certifies that the government of the day is aware of your business.
  • It serves a legal protection in case of legal battle: Your business is a different entity from yourself when registered as a limited liability company. What this stands to imply is that, should you run into trouble on the course of doing business, you cannot be sued, rather the business is being sued and served. In time like this, you can go about doing your business while your team of legal department attains to that.
  • There is a business continuity: Your business will continue to flourish even without you being present or actively involved once you have set down a systematic structure. This likewise means that the business will outlive you in person.

There are numerous advantages that goes with getting your business registered, time will not permit me to take them up one by one. But the good news is that I got a complete guide here on how to register your business or company with CAC in Nigeria

I can also help you get your business registered with the CAC within a week and you’ll collect your certificate in your state capital only. If you’re interested in this offer, click here to contact me or WhatsApp here: 080 6886 6068

2. Get a business attorney 

As a HR outsourcing company in Nigeria, you need to have a business Lawyer. If you think you can save money for not having a business Lawyer in place, you will end up losing more money than you’d ever saved.

It doesn’t cost anything to create a legal department for your business, a lawyer has the sole responsibility of advising you right.

Your legal department will take care of legal proceedings in case you run into hot waters on the course of your business. While you go ahead with the day to day activities of the company, your legal department are sorting out legal issues, this help eliminate any clog on the wheel of your success.

You may be asking that what legal issues the business could incur that I should employ the services of a lawyer?

To make it clear, outsourcing business is a very dicey one, you will find yourself in and out of contract both from the client and the employee end.

There are situations where an employee seconded to a firm or corporation commits fraud, or caused the client physical, material and financial lose, the client will quiz you legally so long it aids her to recover loses and possible damage caused her by your employee.

Let me reiterate, before you go into business with your supposed client, you ought to have signed deed of agreement and related documents that binds the both businesses together, should any party drift or fails to keep or reorganize the dictates and contents of such agreement as duly stipulated, the other party has the right to seek redress.

Your client could seek refunds on damage out of proportion as contained in your agreement, you have the right to go to court. Your employee could deliberately want a legal battle with you having committed fraud, why would they go the extent of taking a battle with you, because they may possibly have legal prowess. This is why you need to get yourself prepared.

I do not mean to scare you out of starting an HR Outsourcing Company in Nigeria with this point, but to keep you abreast on the possible eventuality that may arise en route to starting an HR outsourcing business.

3. Rent an office

Outsourcing business demands you have a physical office, it’s very necessary for your progress, this is a location where job hunters can easily visit to onboard. Your office should have a descriptive address and very conspicuous.

Additionally, this is a place where you conduct employee interview and training, it’s necessary to understand that you’ll have influx of job hunters once they get to realize you run a job outsourcing firm.

You may have to make provision for the following in your office:

  • Desks/chairs and tables smartly positioned where intending employee will have to sit for exams, while you evaluate them.
  • You may have to employ a female secretary who will deal with documentation and filing process and interfacing with job hunters in your absence.
  • You will need either a desktop computer or a laptop, where you’ll save document, files and keep other materials you will need to retrieve from time to time.
  • Make provision for alternative power supply, just in case you have crowd for interview or do some system work.
  • Upgrade to advance office as the business grows

4. Get a Company website

The power of a website cannot be underestimated, a website for HR Outsourcing Company in Nigeria aids in getting more exposure than you can ever imagine, job hunting has gone digital and you need to be seen as an authority.

Prospective clients could contact you via your company website and close a deal with you faster than you could ever imagine.

You need to be seen and heard online, that’s where the business is, job hunters can as well get to contact you via your web page, and the advantages are numerous to mention.

Your website should contain the following;

  • About page: This page should clearly tell and state the services you render, it should be aimed at convincing your clients to hook and onboard for business. Tell them how good quality employee you can make available to them, do not forget to state the milestones you’ve achieved in the industry if any.
  • Contact page: Your contact page should show clearly your office and business address, phone number and email and web address
  • You may include blog about employee, employer and business relationship, just for the tune of the business. How to make a good and productive employee etc.
  • Application page: This is a page job hunters are expected to complete online before visiting your office for documentation. You can as well collect the hard copy as the case may be.
  • Get a complementary card for your business, don’t let this embarrass you.

If in case you need someone to build, design or maintain your company website, kindly shoot me a message and I’ll be happy to get you a professional website. Contact me here or WhatsApp: 080 6886 6068

5. Outreach/Pitch Clients

It’s time to contact your potential clients who are usually employers of labour in the right sense of perception.

Employers are the currency of your business as a HR outsourcing company in Nigeria, you will need to satisfy and exceed their needs, render a quality service by shopping and recruiting employee who are passionate about their job.

I called this point outreach because it has to be a physical contact having established a kind of relationship business wise either through mail or other communication platforms.

You need to look around and start from your immediate environment, look around, how many businesses you can identify within your area, I mean corporate organizations who could be referred to as employers of labor.

There are manufacturing industries, blue chip companies, government establishments, banks etc.

Having identified them, kindly get their contacts and do a mail to the human resource department of such firms.

Itemize your services in clear terms, request to have an appointment so you can iron things out decisively and business wise.

Go around and talk to so many employers, the more the merrier, you will surely land a deal, be mindful of negotiation, do not price yourself too high and do not price too low as to question your ability to render quality service.

Shop around the industry and get a first-hand information on pricing.

Note: Pricing is subject to qualification, you are expected to pay a HND holder a bit higher than you do an OND, like-wise B.sc in principle and so on.

6. On-boarding employee

It’s time to recruit your first set of employee, wonder how to get them, you do not need to stress out about this, just print handbills and posters, paste at strategic points in town, with your web address, email address and phone number clearly written.

Do your publicity on social media platforms, tell friends and colleagues, they’ll will glad to tell applicants at no cost to you.

Just get ready to take calls and respond to emails, you’ll be surprise at the rate of turn up.

But wait, apply strict measures in your screening, pick the best out of the best for your first and second sets of clients for individual clients alike.

These are your goods, understand the need to deliver quality employee at this point, it’s not negotiable, this will open the floodgates for subsequent business going forward.

7. Employee Guarantor form

This is a form given to an applicant by the recruiting or outsourcing agent, the content of this form is high case security sensitive.

In this guarantor form, categories of people who are permitted to guarantee the applicant are enlisted, usually professionals of various ranks as deemed suitable with the company’s risk appetite. You could as well have traditional rulers as specified in the content of the form.

Now the essence of getting these guarantors to fill and sign the forms for an applicant is to stand in as Surtees, you know why? You are dealing with people from different backgrounds who could be prone to fraud and other unforeseen mishap.

If by any eventuality they abscond with the employer’s money or commit fraud related offence that resulted in loss of funds, the employer or client will reach out to you as the HR outsourcing, you then reach out to guarantors of the employee to indemnify the client duly.

Putting the client/employer into any form of financial or material loss in a fraudulent means is tantamount to endangering the guarantors who repose high degree of confidence and trust in the employee.

For the record, the content of a guarantor’s form is very scary that it takes people with extraordinary confidence in you to endorse.

Why am I saying this, we’ve had cases where family members refused to sign or endorse for relatives, giving that there are series of warnings contained in the form which is aimed at enlightening the guarantor to understand the contract he/she is undertaking.

The position of the law as contained therein is to indemnify the employer to the last kobo in event of fraud or loss of funds.

If by any chance people turn down your request for guarantor, kindly understand and move ahead, do not make a meal out of it, you might probably do same if you were in their shoes. Intensify your search and you’ll get someone who will trust you enough to stand by you if you’re the applicant.

Advice to applicants: Please be honest with these guarantors forms, do not fake them, the outsourcing agents have field agents who travel far and wide, length and breadth of this country to confirm the authenticity of your guarantors.

They will visit your supposed guarantors as provided and confirm their identity, if you fell short in this area, your employment will be terminated, then get you arrested to pay every damn loss they incurred on you as perceived.

Rounding off – Starting an HR Outsourcing Company in Nigeria

It doesn’t cause a thing to start a HR outsourcing company in Nigeria, follow the guidelines as stated and you’ll be on your to setting up a business you will live to enjoy without stress. If this guide worth your time, do show some love by sharing it.

GUEST AUTHOR

Raphael Orji is a freelance writer with core interest in banking, entrepreneurial and business development, professional blogger and a content marketing consultant, check out his blog at https://www.financengr.com

My name is Stephen Gbolagade, people say I'm a multi-skilled guy. I guess maybe because I'm a Blogger, Website Designer, SEO specialist, Content Writer, Business coach, Digital Marketer, and Self-taught Frontend Developer. But what do I have to say about myself? My contents, personality, and services will say and prove the person I am to you. __________________________________________________________________________You can hire me for Music Promotion, Website Design or Blog Setup, Marketing and any Digital-based tasks! __________________________________________________________________________ Contact me here on Facebook :: Instagram :: WhatsApp __________________________________________________________________________ If you're inspired by me and think it's necessary to buy me a cup of coffee, you can give me a tip HERE 👌

2 Comments

2 Comments

  1. comfortuwakhonye@gmail.com'

    Comfort Uwakhonye

    March 6, 2020 at 12:15 pm

    Thank you so much for this article, it is very insightful.

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Business

Top 7 MLM Companies in Nigeria To Make Real Money

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I believe you landed here in quest of best among the Multilevel Marketing or MLM companies in Nigeria to make real money. This blog post will mention and recommend 7 best out of them at the time of writing it.

You must have been introduced to certain money-making platforms

Some did work out, some didn’t work as planned. 

Or the worst case: it didn’t even work out. You were scammed!

With that in mind, I want to show you something different. I will show you platforms that have been in the game and built a good reputation over the years.

What I’m about to show you isn’t scripted. It’s REAL!

Today, I’ll be your tour guide as we explore the 7 MLM companies to make REAL money in Nigeria.

Time is money, and guess what? I’ve taken so much already.

If you’re ready, hop on the car, and let’s ride.

But in case you’re new to the term “MLM”, you might be thinking that;

What is MLM?

MLM, an abbreviation for Multi-level Marketing, is a business where members earn commissions from marketing products of a particular company. 

In essence, the more you sell, the more cash you make; and at the same time, your level increases.

How to Make Money with MLM Companies in Nigeria

As a Multilevel marketer with any of these MLM companies, you are encouraged to bring in the new participants as this increases your profit and level. 

For you to succeed, you should be able to convince someone into buying and using a product, and/or becoming one of your success line (probably called downlines).

And in the Multilevel marketing business, when they say “PROFITS” in a multilevel marketing business, it doesn’t always mean “MONEY”. Sometimes when you reach a certain milestone, you might be eligible to travel outside the country with your partner, get a brand new car, and so on.

Is MLM in Nigeria Business Profitable?

Yes, MLM business is profitable in Nigeria, you can make millions of Naira if done correctly with patience. And it will surprise you that it’s one of the most recognized businesses in the world. It’s ranked alongside real estate business and top others.

With that out of the way, here are they; 

Top 7 MLM companies in Nigeria:

1. Oriflame Cosmetics

The name sounds familiar, right?

Okay, Oriflame is a producer of some popular beauty and cosmetic products — from deodorants to lotions, hair oil, and any other beauty product you can think of. They’ve got it all.

Oriflame also has the leading market share of beauty products in 30 countries but has its headquarters in Sweden.

With over 50 years of experience, they’ve been able to maintain an amazing reputation in 60 countries.

It gets better…

You can also make money by marketing Oriflame’s awesome products in Nigeria by joining their consultancy program.

As a consultant, you get to make money from the comfort of your home and at your own pace.

What’s more?

Newly registered members could earn up to N49,400 in cash.

So what are you waiting for? Sign up to start making money with these easy steps. 

How to Register or Get Started with Oriflame in Nigeria

Step 1. Using your favorite browser, visit Oriflame’s website (Here). On the homepage, tap on the 3-dash by the top-left corner.

Step 2. At the bottom of the page, hit “REGISTER”. You’ll be taken to a new page, wait while it loads.

Step 3. After loading, fill out the form, read and accept the terms of service, then hit Sign Up. 

After that, confirm your email. Congratulations, you’re now an Oriflame consultant.

2. Longrich

THE second-best MLM company in Nigeria on our list is Longrich.

They are similar to Oriflame in terms of product type.

Longrich is one of China’s best producers of cosmetic products. They’ve been in the field for over 30 years.

If you want to look beautiful, they’ve got a wide variety of healthcare, household, skincare, and personal care products. And they are not expensive.

In a bid to give back to society, Longrich has employed over 10,000 personnel in more than 50 countries of the world.

They’ve been in Nigeria since 2012. Since then, many people have been beneficiaries of their MLM structure.

Want to join Longrich?

Head over to Longrich’s website (Here) to get more details on how to register. It’s free! 

3. NeoLife (GNLD International) 

NEOLife has been involved with food nutrition products since 1958, and according to the MLM company, their product is fully backed by science and nature.

They promise to end poor nutrition and poverty, which is awesome. Not only that, but they also have some incentive awaiting their distributors as they climb each ladder of success in their multilevel marketing business with NeoLife.

They are in 10 African countries, which Nigeria is one of them.

Registering is FREE as a member, but if you want to become a distributor, you’ll need to get your starter kits which include all documents (ID card, bag, etc) you need to get started and some products worth 100PV which validate you as a standard distributor with the company.

Note: PV stands for Point Value. Which most MLM companies use to calculate their distributors’ performances.

If you’re interested, kindly contact me here. I will connect you with someone who’ll register you for FREE and train you on how to earn a living with the business, without hawking any product!

4. AIM Global (Alliance in Motion Global)

AIM Global is also among the top MLM companies in Nigeria that offer wonderful benefits to its members.

How?

For over 10 years, they’ve been in the business of transforming lives by offering “remarkable products”. Members and users value money by using any of AIM Global’s products.

In addition to that, AIM Global offers them one of the best compensation plans in the industry. 

With the rise and fall of many MLM companies, AIM Global has proven to be a formidable entity with a stable business structure. This is what earned them the hearts of millions around the world.

If they’ve earned yours, visit AIM Global (Here) to sign up. Or follow my steps below:

How to Register or Get Started with AIM Global in Nigeria

Step 1. Head over to the website using the link above. At the top-right corner, tap on the 3-dash to expand the options.

Step 2. Tap the last option or “DTS Login”

Step 3. On the next screen, hit “Register” and fill out your details.

That’s it! You can now start making money as a multilevel marketer by exploring other options on the site.

5. Norland Nigeria

Norland is a multi-faceted MLM company with a presence in many countries, including Nigeria.

Norland has amazing products in many fields. Some of the prominent ones include medicine, cosmetics, e-commerce, finance, and logistics. 

Currently, the company boasts of 1 million+ participants who are benefiting from its MLM program.

In Nigeria, there’s a huge community of Norland participants in different states of the country. With the numerous benefits, the community keeps growing daily.

And you can join by choosing any of their entry-level plans: 

  • Senior
  • Bronze
  • Silver
  • Gold 
  • Diamond

If this sounds good to you, head over to their site (Here)

6. Recharge and Get Paid

This is the new boy in town, but hey, he means business.

For real, Recharge and Get Paid does what the names say. 

RAGP is poised towards growing the welfare of Nigerian with its compensation plans.

A lot of benefits await you as a new distributor. It doesn’t stop there, you also get other benefits as you grow in level.

When you’re done, you can start up with as little as N5,000.

The site is easy to navigate, just click on this link to get started.

7. Organo Gold

Finally on our list of MLM companies that guarantee financial independence is Organo Gold. 

As the name implies, they are the gold standard brand for organic tea and coffee products.

From a coffee shop in Canada, they’ve gone on to dominate other brands with their great line of products.

With Organo Gold, you get a wide variety of teas and coffees to pick from. These are not your ordinary coffee and tea you drink almost daily, they are organic products with lots of health benefits.

Speaking of benefits, Organo Gold also gives you a chance to make money while enjoying its products.

Among the many out there, they’ve proven to be one of the top MLM companies; they give you the best of both worlds!

So, if you want to be wealthy you can join Organo Gold (Here).

But let me quickly answer some questions relating to MLM.

Frequently Asked Questions: MLM Companies in Nigeria

  • Is MLM a Ponzi or ‘quick to get rich’ scheme?

No, MLM is a very legit business, if you’re okay to run the business while prospecting new people to join your business tree.

  • What is the difference between MLM business and Ponzi schemes?

The differences are clear: MLM companies have products but Ponzi schemes do not, but rather promise people with sweet lies. Also, strong MLM companies last longer than Ponzi schemes.

WRAPPING UP – Best MLM Companies in Nigeria

If you go online, you’ll find a lot of MLM companies. For some, you can make good money, while others are a waste of time.

This is why you should check out these MLM companies in Nigeria that you can make real money and be financially independent.

What did I miss? 

Do you have any companies to suggest? Or you want to go with our pick?

Let’s hear from you.

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Business

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

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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.

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How to Dress Like a Smart Entrepreneur in Nigeria

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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.

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