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9 Steps to Start Real Estate Investment in Nigeria

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Real estate investment in Nigeria has been generating real and consistent income for many smart entrepreneur in the country and different part of the world.

And many people are still skeptical about how really the business work.

Some knows how real estate investment business work in Nigeria but don’t have enough capital to skyrocket the great business idea. If you’re in this category or under the aforementioned situation above, this article will enlighten you on how to become a real estate investor with little capital and make some profits.

But for reference sake, we may need to define the meaning of real estate investment and from there, you can catch the main idea of the business.

What is Real Estate Investment?

Real estate investment is the kind of business that deal with purchase of real estate or property with the intention of selling in higher price and thereby making some profits.

It can be property acquisition for a long term and, sold off which value is its value is increased. Renovating property to sell at higher price or engaging in property rental services.

ALSO READ: How to Start a Restaurant Business in Nigeria

But that’s not all about real estate investment in Nigeria. Here is a fact;

What you need to know about real estate investment in Nigeria

For starters, real estate investment has proven over the years to be one of the most profitable business for investors in Nigeria and all over the world. Making the profit isn’t as quick as you see with other businesses, and that’s why it’s called an “investment” making it a long term profit system.

Like in most businesses, there are best practices and steps to follow in other to be successful at it and same thing applies to real estate investment.

So, we are going to take a look at every and each tips related to starting a real estate business in Nigeria even, without having huge capital.

How to Start Real Estate Investment in Nigeria – Beginner’s Guide

Below are 6 proven tips by experts worldwide on how to make more profit from real estate investment in Nigeria.

1.    Get a Unique Business Name

The first thing I will ever advise you to do is to create a professional but unique name for your business.

Think of a name that will speak more about your business even before you introduce what your business is all about.

But note that when I say “UNIQUE” name, I mean a name that:

  • Its social media handles are available
  • Its domain name is available for purchase from any web hosting company
  • It shouldn’t be searchable on search engines (because you’re not to compete with anybody’s business name)
  • And finally, the name should be easily pronounced.

CHECK HERE: How to Choose a Unique Business Name

After getting your business name, the next thing is to make sure that government know about its existence.

But how? Check the next step below:

2.     Register Your Business with Nigeria’s Corporate Affairs Commission (CAC)

Registering your business can’t cost you much. Normally, it should cost you nothing more than N12,000 which includes the Name Reservation fee, Business Name Registration fee and other little expenses.

It’s the one of the first 3 most important steps for setting up a business which include real estate investment in Nigeria.

The Corporate Affairs Commission (CAC) is the only Nigeria’s government official conferred with the authority to register and approve businesses within Nigeria.

Registering your business name will attract some benefits to you. It makes you professional, trusted and free from any harassment from government or force officials.

If you’re thinking right with me that it’s a nice move to get your business name registered, I have a guide for you:

Read >>> How to Properly Register Your Business Name With CAC in Nigeria

But if you think you won’t be able to handle that successfully, I’m ready to help you out. I will:

  • Help you find a unique business name related to your business
  • I will get it registered with CAC for you
  • And set up a professional business website for you.

This is 3-in-1 package which should cost you something around N350,000 but because you’re a reader of this blog and you’re ready for this 3-combo service, I’ll give you some discount beyond your expectation.

Just contact me (HERE) or whatsapp me directly on 080-6886-6068. Please contact me with this coupon code “InvPos2019”.

3.     Get a Business or Portfolio Website

Because everything is getting more global these days, you need to have an automate platform where your prospects or customers can be able to reach you (even when you’re sleeping).

The best choice is to set up a very responsive and beautiful business website. In my business website (HERE), I have been able to tap clients for my team even when I’m asleep.

A business without a website these days has very lean chance of dominating the market.

To skyrocket your idea of real estate investment in Nigeria, I’ll urge you to get a website made for you.

In the #2 above, I said I will offer you 3-in-1 combo service at a very discounted price, the service includes a business website for your real estate business.

Contact me NOW!

The next thing is to start playing your game gradually and that’s what I’m going to enlighten you on:

4.     Buy at a Lower Rate

For every business person, the price of an item is key.

The same applies in the real estate market, the price of a property should be considered before choosing to make that purchase. It’s similar to what we have in stock market, buying low is key to making profit.

After a proper examination of the property, the purchase should be made immediately the price matches with the value, waiting for the price to appreciate isn’t advisable, once you’ve purchased your preferred property of choice you can now sell at an appreciated rate and this should be your profit.

Example: A property bought at the rate of N8 Million, for the sake of making profit, a sale should be made after its appreciation. It could rise to N10 Million+, the increase in the value of that property becomes your profit

5.     Selling At a Greater Amount

You’ve bought at a less expensive price, it’s time to sell. You should sell a much higher price than you’ve purchased. This is a common idea among business persons and that’s also what should be part of your motive as a real estate investor.

The big deal is to always buy when the price is low, then you sell when the price appreciates.

Before selling, you should consider the acquired expenses, it should cover the expenses and have some left. Buying a property involves a lot expenses like cost of registration, legal fees and some transaction charges, selling at a higher rate covers all these thereby increasing profit.

As said earlier, it’s quite similar to stock market trading, those with stock market experience could easily navigate the waters of real estate investment in Nigeria.

6.     Increase Net Profit by Renovating

Real estate values doesn’t always increase, in history they’ve been some period when it happened, you could buy a property worth a million naira to sell at N1,000,050.

The rate of inflation is beyond your control as a real estate agent in Nigeria, the government makes the decision which directly or indirectly affects the value of real estate business.

Despite all these, you could still improve on the estate’s value, how?

First off, you need to understand my fourth point of buying at a lower rate, then do some renovations on the property and this will no doubt increase its value in future.

Let’s say you purchase a slightly dilapidated property for the sum of N500,000, due to its horrible state, you can’t profit much if you sell a property with such condition.

What’s you’ll need to do is to get the property back to life by adding some paint or repainting, furniture of good quality should be added also, and whatever you know such a property should contain.

After doing all these, the value of that property will invariably increase and you can boldly say you’re in real estate investment business.

You should also consider this before initial purchase, before purchasing a piece of property should have a rough estimate of how much you’re to use for repairs and other expenses, it shouldn’t be much else you’re not in business, you could be likened to a charity organization.

This should be done in every property you purchase so as to increase your net profit.

7.     Renting Is More Profitable

Those who have made millions from real estate investment in Nigeria will tell you that most of their profit came from renting and leasing.

This is one sure and steady way to keep the cash coming in, irrespective of whatever property it is, private or commercial, you get much more gain when it’s put up for rent.

Requirements for Starting Rental Service/Business in Nigeria

Before putting up a place for lease, some factors should be considered such as:

  • Location
  • Road network
  • Availability of necessary amenities,

All these influence the rental value of any property. Location seems to be the most important among all, so before buying be sure to see if all these are in place.

Take a look at this simple calculation below:

A property bought at a rate of N5,000,000 is renovated with N1,800,000 plus miscellaneous expenses of N200,000. This sums up to N7,000,000.

At the end, you could get back all you’ve invested plus more in the space of two years.

Remember, real estate investment in Nigeria is not a “get rich quick scheme“, although it’s very profitable.

8.     Have You Thought of Land?

If you haven’t, you should start thinking of how to start buying lands (if you’d like to make more money from real estate business in Nigeria).

Owning a land where you could set up a real estate yourself is very profitable and you should take advantage of this.

Before you get that land remember that location is vital. The developmental prospects of such a place should also be put into consideration. If an area has no prospect for growth in the near future do not invest, else you might run into loss at the end of the day.

Remember that land is one of the most important gift of nature (coupled with Water and Air) apart from the mineral resources given to us by God.

If you buy a plot of land at the cost price of N2,000,000 and you just do corner-pieces on the land to identify and different your land from others, after a year or two, you may sell off the land at the rate of N4,000,000 – N5,000,000.

The most important thing is that the price never decrease but increases with respect to development of the location.

9.     Marketing: Get Seen, Heard and Paid

You have a great job from #1 – #8 and you still need to do more.

Although, real estate investment in Nigeria is not yet crowded like other businesses out there. But, the competition is high because real guys who are into this business are spending more on marketing.

But why marketing is necessary for real estate development business?

People these days are aware about what comes to their notice. And to make money from any business you lay your hands upon, you need to get your business to their notice because without these people, your business is NOTHING.

I believe your know the importance of marketing for any business right?

But let me remind you that the best marketing strategies for your real estate investment is through:

  • Social media – Facebook and Instagram is the best choice!
  • Google ads
  • SEO (Search Engine Optimization)
  • Offline marketing which include making banners, handbills, flyers, vests, radio jingles etc.

Read these helpful tips:

A physical presence is what you should also consider, you need a physical office separate from your virtual online presence. You need an office for discussing business, an office enables you to have a dialogue with your intending customers.

Wrapping up

Real estate investment in Nigeria has made billions of Naira for many smart entrepreneurs and more are still racking up the millions. You too can be part of the moving train if you choose to invest wisely today.

These tips above have been recommended by experts to be among the top ways to make more profit as a real estate agent.

What are you waiting for? Start investing today!

I’m sure that in one or the other, this article has help you get new idea about how to professionally start a profitable real estate investment in Nigeria? But do you know that there are other people outside there who can benefit from this article?

Kindly help me share this article with me by clicking on the social media sharing buttons below.

Thanks and don’t forget to sign up for our newsletter.

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 👌

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    Business

    21 Business Ideas for Pastors to Make Money in 2021

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    Business Ideas for Pastors

    Aside from tithes, offerings, and gifts, do you know there are some business ideas for pastors to make money?

    If you’re into the pastoral line and you’re looking to start up side businesses to fortify your financial status, then you’re definitely on the right page. And you’re not alone. 

    The pastoral call is demanding. You need to study hard, prepare sermons to canvas, and truly get to become intimate with the spirit of God. But the truth is – you need money. 

    There are expenses you need to shoulder as a gospel minister, and you don’t want to depend on the pockets of the members of the Church for survival. 

    Primarily, you need multiple sources of income to garner enough money to both help your flock with and handle other church activities – especially as it has to do with giving and outreach. 

    Without taking much time, you’ll get a dose of 21 business ideas for pastors right here, and you can start any of these businesses and expect lucrative returns in the long run. 

    Some of the business ideas for pastors on this list won’t cost you a dime, and others… quite costly to start up. 

    That being said, here are 21 business ideas for pastors that you can delve into and make some extra money (even more than the $99k average pastor’s salary). 

    21 Business Ideas for Pastors to Make Money in 2021

    1. Freelance Writing

    Freelance writing is simply writing to get paid. This is made easier by the availability of freelance marketplaces on the internet like Fiverr and Upwork. 

    Now you won’t spend a dime here, and as a pastor, you can decide on how many hours of your precious day you spend working and hunting freelance writing jobs. 

    To get started, you need to be sure you can really write about something fabulously. My best bet is you’re a religious guru and the religious niche is most related to your career (being a pastor). 

    So you want to search for freelance writing jobs in the religious niche – vet the freelance marketplaces for employers looking for writers in the religious niche. 

    This is pretty easy as most of the freelance platforms have an algorithm to match your expertise with employers’ demands. So if you’re a tech guru and you fill it into your profile, the platforms automatically queue up jobs related to tech. 

    Quickly sign up on either of the best freelance platforms and get to work. You can take 2 or 3 hours off your day to build a profitable freelance writing career in no time. 

    2. Copywriting

    Brands are willing to pay you a lot of money to write brief, highly compelling, and converting sales speeches and product descriptions for their products. 

    It’s like this – you write for brands and help them with copy-writing tasks, you get paid. Copywriting doesn’t take a whole day. It’s a skill you need to master (at least to some point). 

    Copy-writing isn’t cranking up a 1000-word article or a 10,000-word guide. Product copies are short and highly compelling. They’re tagged along with products and easy to read. 

    This is easily one of the best business ideas for pastors looking to make extra money. It gets easier to write copies that turn random (potential) buyers into loyal customers over time. 

    And once you gain mastery of this art, then you’ll be on the payroll of multiple brands in a short while. This means more jobs and more money. 

    3. Public Speaking 

    Public speaking at events, programs, and other gatherings is one of the best business ideas for pastors as it is closely in line with what you do frequently – speaking. 

    While you might not consider this a business idea or even take it to become a business in itself, but public speakers not trundling the pastoral path cash in on public speaking as a business big time. 

    4. Uberpreneur 

    If you own a car, you can do this part-time as a side gig.  Being a pastor, you can explore your leisure hours during weekends to pick up random passengers using a ride-sharing app like Uber. 

    It’s easy and doesn’t cost much. But you’ll need to have a car of your own first to make things much easier. You get paid for every passenger you pick up and you can do this as many times in a day. 

    Another way around this is hiring someone to run around in your car using the ride-sharing app while you supervise the earnings and transactions. 

    Come to terms with the staff you hire as to how much you’ll take home daily or weekly or monthly. And how much he/she keeps daily (or weekly/monthly). This way, it becomes an excellent passive income stream. 

    5. Graphics Designing

    You’re a graphics designer or do you have a list of good graphics designers who design your church handbills and billboards? Then you can leverage the profit potential of graphics designing. 

    It’s two ways – source for graphics design jobs on freelance platforms and outsource the jobs to experts in the field, or reach out to brands and organizations offering to help them out with everything graphics designing. 

    On freelance platforms like Fiverr and Upwork, graphics designers get paid like rockstars. And you don’t have to do it yourself as a pastor. 

    You can hunt for these jobs and outsource the task to someone else (apparently a reliable and efficient graphics designer). It costs nothing to explore this business idea. In fact, you can start right away. But if you’ll farm out the tasks to experts, then you need to pay them off (which will cost money).  

    6. Ghost Writing 

    More than 80% of successful brands and writers don’t compose their articles in solitaire. They get help from brilliant writers who can replicate any writing voice, flow, and spirit. 

    For a pastor, this shouldn’t be a problem (as you can speak in any manner of voice you choose to). You want to brush up on your writing skill to venture this path. 

    Ghostwriting is a profitable business idea for pastors, and the best part is it costs nothing to start up. You’re the asset here. And you get paid (more than $1k per an article in most cases) to cobble up great content. 

    7. Real Estate

    I know one too many pastors making it big in the real estate industry. Don’t think they don’t do great with their ministerial purpose because they have just more than the name – they’re spiritually upright. 

    With your influence as a pastor, people trust you. And you can turn this trust into opportunities that’ll generate good money. The real estate industry works with capital and trust. 

    I mean, people need to trust you enough to leave you a million-dollar worth of property. You don’t have to look too far to start this. And I bet someone in your congregation is into the real estate industry big-time. 

    Start from there and tap into the already existing influence and trust you’ve built over the years to propel your real estate venture. In the end, it’s all about buying and selling properties – you can push buttons with phone calls.

    If you are already into real estate or you just want to join the business, you can register on popular real estate listing platforms with a token as a subscription to sell or lease out your properties.

    If you’re in Nigeria, Realty9ja.com is a good platform to buy, rent, lease or sell properties.

    8. Gospel Blogging

    I don’t want to veer off the gospel line. So let’s stick with gospel blogging (which is still very profitable). Start a gospel blog, answer questions, and you can transcribe your sermons to text documents with the help of freelancers or your media team (if they’re that good). 

    The first step – your niche is gospel. More than 2 billion people are already interested. Secondly, start your blog. This guide will teach you how to start a free blog even with an Android phone. 

    Reach out to other gospel bloggers who will be quick and happy to connect with you. Have your media team create guest content on several other gospel blogs to build your blog’s authority, and then you can start launching ultra-relevant content on your blog to get traffic. 

    When the traffic starts turning in, monetize your blog using affiliate links, Google ads, or sell your own books (and products) – more on this soon. 

    What you’ll blog about? There are thousands of questions currently unanswered about God. You know better. Provide answers in a way that people will keep coming back for more answers. 

    9. Gospel YouTube Channel Monetization

    Allen Parr is one gospel minister who reaches thousands of viewers with his gospel YouTube channel called “The Beat”. He answers sensitive and controversial questions pertaining to the gospel and makes money doing that. 

    How so? With more than 740k subscribers, he earns from selling affiliate products, YouTube ads, and even has a $497 membership program. 

    You can do this too, and you don’t have to be a gifted video editor or video maker to begin. Hire someone who can edit videos brilliantly, and efficiently. Or utilize the digital strength of your Church media team to publish video content consistently on your YouTube channel. 

    This is inarguably a top business idea for pastors, choristers, and anyone called into the fivefold. 

    10. Virtual Assistant 

    Virtual assistants work remotely and they help with tasks admins don’t have the luxury of time to handle. They edit content, reply to emails, and organize meeting arrangements. 

    But that’s not all – they get paid real good to do just that. To become a virtual assistant, all you need to do is apply. Websites like Indeed, Fancy Hands, Magic, and PeoplePerHour are great at listing Virtual Assistant jobs. 

    You have only so many hours in a day to carry out your V.A. tasks and keep the cash before it’s time to mount the altar. 

    11. Proofreading 

    It’s great to write. But great writing mostly beckons on the strength of great proofreading. As a proofreader, you vet content and mitigate unnecessary errors that introduce unprofessionalism. 

    Proofreading jobs are rampant on freelance platforms and this is another business idea you don’t have to spend money, to begin with. 

    On the bright side, craft corporate letters to brands, send emails to different organizations, and inform them you can anchor their proofreading process with dexterity. 

    It doesn’t take 10 hours to proofread a document – you can proofread a 3000-word document in about 30 minutes, and do that for several documents to earn $100 – $350 every time (depending on the budget of your freelance employer). 

    You also have the option to outsource proofreading tasks to skilled proofreaders you know and take up multiple proofreading tasks to earn more. 

    12. Crypto Trading 

    Crypto has come to stay. And the decentralized system of financial transactions isn’t hostile to pastors either. 

    You can tap into the volatile nature of cryptocurrencies while maintaining and running your ministry. With about $100, you can start trading crypto yourself. 

    The best investment is to invest in yourself by learning to trade crypto versus investing in crypto trading firms to help you out. Invest time to learn everything you can about crypto. 

    If you can understand God’s word with accuracy, then crypto isn’t as challenging. There’s a possibility to exercise your grace and faith in the crypto world. Who knows? You could execute a trade to make 40,000 times the initial asset you invested within a single day. 

    To get started, acquire the knowledge. And get to know the best trading platforms out there. Personally (out of my professional experience as a Crypto Trader), Binance is best for trading. 

    But if you want to acquire cryptocurrencies and leave them there to germinate over the coming years, then go for the Blockchain app (or Binance if you can control the urge to not execute daily trading anytime you set eyes on the crypto market). 

    13. Catfish Farming

    Catfish farming is profitable for anyone looking to start a business. As a pastor, this business idea fits in too. It’s capital intensive and highly lucrative. 

    You don’t have to become a fish farmer overnight. Hire someone to set up the fish farm and coordinate the activities of the farm. 

    When the fishes reach the maturity stage, you can sell them to make money or start up a catfish barbeque business off the produce of your fish farm. 

    14. Poultry Farming 

    Poultry farming is a great business idea for pastors and you don’t have to do it yourself. It’s cheap to start up and doesn’t cost much to maintain either (depending on the size of your farm). 

    As a Pastor, you’ll have a lot of time to supervise your poultry farm from time to time while you focus on what God wants you to do. 

    You can hire a staff to maintain and treat the Poultry just right while you focus on other things. Poultry farming also joins the list of businesses you can comfortably start from home without having to bother about accommodation (or a landed space for the business). 

    15. Laundry/Dry Cleaning 

    Not very many folks have the avalanche of time and strength to maintain their clothes. This is a good thing as it ushers in the need for Drycleaning and laundry services. 

    Your pastoral line is compatible with this business as the majority of members patronize the services of a laundryman. You probably don’t have to do too many promos before a swarm of customers darkens the door of your laundry/dry cleaning business center. 

    Obviously, you won’t get to do the task of washing and ironing yourself; it’s onerous. Hire staff or more to get things done – your responsibilities are largely supervisory, financial, and promotional. 

    16. Event Equipment Rental Business 

    Owning a rental service business is one of the top business ideas for pastors looking to make money while making a positive impact in their divinely fabricated gospel ministerial path. 

    So how it works is you acquire equipment like chairs, musical instruments, and more than spice up and make for a great event. Next up, you list them up for lease and get paid whenever clients come around to hire them. 

    Customers hire and return the equipment within a specific timeframe so they’re up for lease again. The equipment is always yours, but you earn from them. This way they become assets generating a steady flow of income. 

    Whether it’s a birthday party, an academic ceremony, a wedding, a night beach party, or a matriculation ceremony – someone got paid for every hired piece of equipment in the scene. 

    You can start this business yourself as a pastor, and let the Church know about it. 

    The Church will mostly constitute a huge proportion of your first loyal clients regardless of the business your startup. You have leverage here. You’re trusted and it’ll be easy to scale any business you start up pretty fast. That’s Grace. 

    17. E-commerce Business

    E-commerce websites make a lot of money. In 2020 alone, Amazon generated a net income of 21.33 billion dollars. 

    Your e-commerce website might not scratch 10% of that figure in the first few years, but having an e-commerce website is definitely a step towards building a passive income empire even as a pastor. 

    Don’t look too far, your e-commerce website could be all about selling Church items like microphones, pulpits, and cords. 

    If you have a knack for multiple items, then you can integrate other niche products into your e-commerce inventory. 

    Starting an e-commerce website/business might cost a few hundred bucks as you’ll need to run frequent adverts or depend on a long-term content marketing strategy to build traffic, attract your target audience, and boost sales. 

    18. T-shirt Designing 

    Do you know you can design t-shirts for free and get paid when people buy your t-shirt designs? On platforms (and web apps) like Teespring, Amazon Merch, and RedBubble, you can create your own fashion store stuffed with your designs. 

    The designs are printed on-demand which means whenever a buyer places an order for them, the company prints and sends the t-shirts. 

    It doesn’t cost a dime to start doing this and you can get started right now. The more designs you have, the more chances you have at making more sales and more money. 

    It takes about 5 minutes or 20 at most to design a virtual t-shirt (but it depends on the kind of design you have in mind; how well you want to design your products). 

    19. Dropshipping

    Dropshipping is not a new trend and it’s one of the top business ideas for pastors to make money in real-time. How it works is you create an online store, connect it to a supplier’s website, and upload product pictures (with the prices) on your store. 

    Whenever someone clicks to buy, the order redirects to the supplier’s website, the supplier ships the item and you get to keep the markup profit. And yes, you don’t need to know everything about dropshipping to kickstart your side business. 

    You can hire someone to build your dropshipping store, design and promote it, handle everything that has to do with the online business while you focus on other things. 

    If you’re still in doubt as to how well the dropshipping business is profitable for pastors (and anyone else), then the $10 million/year dropshipping story of Alexander and Andreas will set your motivation on steroids.   

    20. Book Publishing

    It’s normal for pastors to publish books and cash in on imparting the world with their knowledge, experience, and revelation. But it’s a business idea not very many pastors consider. 

    And you can tap into it to create an inflow of income your generation will play benefactors to. Some of the wealthiest preachers and even motivational speakers earn a fortune from the sales of books they author. 

    That being said, nobody writes a book in 24 hours sitting on a comfy couch. Start by co-authoring a book or become a guest preacher/speaker for a gospel TV station/show. 

    Move it up to writing and publishing leaflets, pamphlets, and gospel articles. Study hard, and build enough intellectual/spiritual momentum to write your first book. 

    21. Stock Trading 

    Stock trading is one of the online businesses you can get into with very little capital as a pastor. It’s risky, volatile, and works with a set of time frames. 

    As the crypto market, the stock market is really volatile. You work with a number of indicators, charts, and signals to determine the direction of the market. 

    The best investment, just like in crypto, is to learn the trade. Acquire the skill to trade stocks, and then you can capitalize on your experience and knowledge to maximize profits. 

    Conclusion: Business Ideas for Pastors

    While these business ideas for pastors listed here, won’t make you as rich as Joel Osteen or T. D. Jakes overnight, they relieve you of the stress of devising uncanny schemes to sieve funds from your Church. 

    The best part is some of the business ideas on this list that cost nothing to start up can transition into passive income ventures generating thousands of dollars monthly for you as a pastor. 

    In the end, it’s all about fulfilling the call of God while making enough money (passively) to push the gospel further and live a fulfilled lifestyle.

    About Guest Blogger

    Moses Ukanna is a certified information scientist, content creator, writer, entrepreneur, and CEO at Potent Stack Digitals. He takes delight in creating meaningful/helpful Content and believes in Quality over Quantity. 

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    Buycoins Review: Easiest Way to Buy, Sell, Store & Trade Cryptocurrency in Nigeria

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    Is Buycoins legit and is it the easiest crypto exchange app in Nigeria?

    Maybe at a point while surfing the internet for the best apps to buy or sell your Bitcoin and other crypto assets in Nigeria, you came across Buycoins and you’re wondering if the platform is legit or scam.

    And if it’s legit, how can you buy and sell easily on Buycoins?

    In this blog post, I’m going to answer these questions.

    Not just that, I will also show you how you can make money on Buycoins by simply doing small tasks.

    If this is the first time you’re hearing the name “Buycoins”, you may want to know what the platform is all about, isn’t it? Okay, let me give you short overview about the company.

    About Buycoins

    Buycoins (or Buycoins.africa) is a crypto exchange platform in Nigeria where you can buy, sell, store and even trade some cryptocurrencies such as the famous Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and few others.

    But Is Buycoins Legit or Scam?

    Buycoins is 100% legit.

    I’ve been using the platform for about 2 years and I can tell you that Buycoins is tested, and trusted.

    Although before I got to know of Buycoins, I have been using Okex and Luno apps, but on getting to Buycoins, I have no choice than to fall in love with the platform.

    What are the things that makes Buycoins stands out?

    Pros of Buycoins: Why Should I Use Buycoins.Africa?

    I’m going to make the points clear but simple. Below are the reasons why I’m using and vouching for Buycoins;

    ·         Clean and Easy to Navigate Website & Apps

    Buycoins.Africa did a great job on the user interface (UI) and users’ experience (UX) of their products (the mobile apps and website). Everything is simple, clean and direct.

    Buycoins Review

    To be honest, other competitors are doing great jobs on UI/UX but the simplicity of Buycoins is on point. If you’re new to Crypto of things, you won’t get lost as the platform is self-explanatory and simple to use.

    ·         Easy ways of Funding Your Account

    Funding your Buycoins account is very easy from day one, as you can send money from your bank account to your Buycoins generated account number (Providus).

    But Remember that CBN ban banks in Nigeria against anything cryptocurrency. As a result of this ban, some exchange platforms who operates in Nigeria are faced with the issue of how their customers will be depositing funds in their account.

    Fortunately, Buycoins is one of the first platforms that came with a solution. Now, you have multiple ways of funding account with Naira from your banks.

    You can’t fund your account on some platform (like LUNO) till date because of that CBN ban, but that’s not the case on Buycoins.

    ·         Withdrawal is easy too

    Just like it was easy to fund your account with Naira, you can withdraw your money in Naira on Buycoins to your Nigeria’s bank account without falling for P2P scams which frequently happen on Binance, Okex etc.

    ·         Customer Care Response is very Fast!

    I once had issues on my account but I got them solved in the blink eyes just because of the fast customer care representative.

    Till now, Kuda Bank is still ghosting me, I contacted them on Live chat, e-mail and Twitter, I’ve got no response.

    Personally, I like a company who invests on their customer care team. That’s the reason I keep using JUMIA for shopping despite the frustration I’m personally facing with them.

    RECOMMENDED: 5 Ways to Make Money on JUMIA

    And because of fast and patient customer care support, that’s why I chose to Heroshe to ship from USA for me instead of ShopToMyDoor.

    If you’re a curious person like me, and/or you want to get fast solution any issue you may face using a product or service, then you should look for a company with good and fast customer care team.

    That’s why I choose Buycoins and I think you should do the same. (Click here to start)

    ·         The Founding Team

    Well, maybe this is not necessary to you. But to me, it means a lot.

    I’ve not met the founding team of Buycoins.africa face-to-face, but they’re quite famous especially on Tech twitter, Tech or Entrepreneurship News on Africa.

    Timi Ajiboye, Tomiwa Lasebikan and Ire Aderinokun are the frontliner of Buycoins and other related companies. (you can google the names tho).

    The founding team members are Nigerians, so they understand what we need better unlike some alien companies (other are trying too, but “Abinibi yato si Ability” – Naturality differs from Ability or artificial).

    ·         Ability to Trade on Buycoins

    For years, we depend on using foreign platforms like Binance, Okex, Kukoin, Bitmex etc., to trade cryptocurrency.

    That’s not really a problem. But the problem is “How to Easily Fund the Account”.

    We know a way we use manual peer-to-peer exchange and then send to the foreign trading apps. The stress, the fees and the exuberant interface is a headache to, especially newbies.

    But gladly, we can now Trade easily on Buycoins on the Buycoins Pro app.

    And that’s also a milestone too. Buycoins is one of the first to Nigerian crypto’s company to achieve that. We may totally ditch the foreign apps and use Buycoins Pro to trade easily.

    ·         Zero Transaction Fees

    If you’ve bought or made a transaction on Binance or LUNO or any other platform, you will understand what I mean. I mean the transaction fees on those apps are very high!

    But on Buycoins, transactions are free!

    You only pay the network fees.

    I don’t need to explain too much, sign up for Buycoins and see these features yourself.

    ·         Reliable P2P Trading System

    In cryptocurrency space, you’ll be dealing with 90% of people you don’t know if you want to buy or sell using Peer to Peer (P2P) which you can’t even escape.

    While dealing with these anonymous people, you can be scammed easily. And once you’re scammed, that’s the end.

    It’s unfortunate that, as big as Binance and Okex are, they haven’t curb scamming on their P2P system, which they can’t really because they can’t control the system totally (i.e. they’re decentralized).

    But on Buycoins, you have nothing to worry.

    Most of the buy and sell orders on Buycoins are P2P but you may not notice as everything will be taken care of, for you.

    Cons of Buycoins: What are the Downsides of Buycoins?

    As good as this platform is, we shouldn’t see any downside, right?

    But I’m afraid to remind you that nothing is perfect in this our planet earth.

    So, what are the downside of Buycoins? They are;

    ·         They Still Need to List Some Coins!

    I don’t know the processes behind listing coins on both exchange or trading platforms. But whatever the processes are, I know they’re not easy.

    Maybe that’s why there are not enough coins listed on Buycoins.

    But popular coins like BTC, ETH, LTC, XRP, USD Coin and USDT are there. And recently, the likes of DOGE, Chainlink, Cardano, Stellar, Binance Coin are added.

    I know as times goes on, Buycoins will have lot of listed coins like Binance.

    ·         Not all Nigerian Banks are supported

    We have more than 20 banks in Nigeria, but you can only fund or withdraw to less than 10 banks.

    Nigerian Banks available for Deposit and Withdrawal on Buycoins

    1. GT Bank
    2. Kuda Bank
    3. Access Bank
    4. FCMB
    5. ALAT (WEMA Bank)
    6. Abeg App
    7. Fidelity Bank
    8. Diamond Bank (Acquired by Diamond Bank tho)
    9. Zenith Bank

    If you’re not using any of these banks, then you can’t fund or withdraw with Naira. ☹️

    But the good news is that, you can easily join the Abeg App or Kuda Bank easily.

    That’s it about Buycoins.

    Now back to the previous question; is Buycoins the Best in Nigeria; Is it legit or scam?

    Buycoins is the easiest exchange app in Nigeria, it is the best and it is 100% legit!

    If by now you’re interested in using Buycoins, the next question you may want to find answers to is;

    How to Get Started on Buycoins?

    1. Click here to sign up for FREE;
    2. Put a correct email address and click on “continue”;
    3. A verification link will be sent to that email address, to and verify;
    4. Login to your Buycoins account;
    5. Upgrade your account (Click on “Verify Identity”): Add Bank account, BVN and Phone Number;
    6. Set up 2-FA for security sake;
    7. You can now deposit and start using Buycoins!

    Important Notice:

    • First, your BVN is safe; It’s just to verify your information.
    • Make sure you add all your bank accounts (linked with your BVN)
    • Make sure you deposit ONLY from your bank accounts added.
    • If you mistakenly deposit from any other bank, your account will be locked and you’ll need to do another verification to unlock it. Hence, add all your account numbers and only deposit from your added account numbers.
    • You can only withdraw to your added accounts number too (if available for withdrawal).
    • For easily transactions, download and use the mobile apps

    I told you earlier that I will show you how to make money on Buycoins right? Let me fulfil that promise now 😉

    3 Ways to Make Money on Buycoins Africa

    1.      P2P Trading

    You can buy coins at low price and sell at higher price on Buycoins’ P2P trading platform.

    Let’s say you have N100,000 in your bank and the current BTC price is $41,000. You can buy N100k worth of BTC and quickly sell on P2P maybe when BTC hit $42k.

    That’s called swing trade. You might not make big money, but you will definitely see earn few bucks

    2.      Coin Lock

    Aside from quickly buying and selling coins on the P2P platform, you can also earn money by locking your coins for a certain period of time.

    Let’s say you’re saving in Ethereum. Instead of just stacking Ethereum like that, you can lock it and earn money.

    You’ll earn 12% interest of whatever you locked.

    If you locked N100k, 12% interest on it is N12,000!

    3.      Buycoins’ Refer and Earn Program

    This is another sure way to make money on Buycoins, all you have to do is refer your friends to join Buycoins and when do they that, you’ll be paid N1,000 for each person.

    Buycoins - Referral Apps to Make Money in Nigeria

    If you’re able to refer like 20 people, that’s N20,000 for you.

    NOTE: Those people you referred must complete their sign up, deposit at least N5,000 and trade up to N10,000 on Buycoins before the money can be released to you.

    Conclusion: Buycoins is LEGIT and the Easiest Platform in Nigeria

    So that’s all about Buycoins Review and how to Easily Buy, Sell, Store and Trade Cryptocurrency in Nigeria.

    If you have any question, kindly use the comment box below. Subscribe and don’t forget to share this with someone, it will take you few seconds (please do that)

    This post “Buycoins Review: Easiest Way to Buy, Sell, Store & Trade Cryptocurrency in Nigeria” – appeared first on https://gbolamedia.com

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    HOG Furniture Review: Trusted Online Shopping Store?

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    HOG Furniture

    Few weeks ago, I was trying to get a particular office chair for my workspace, then I stumbled on HOG Furniture. Just like you, I was doubting if HOG Furniture is reliable or not; as I’m pretty much familiar with the likes of Jumia and some other shopping stores in Nigeria.

    Finally, I took the risked, placed an order and pay for the office chair.

    But with respect to my experience in online shopping, and with HOG Furniture, is the company really the best online shopping store for furniture or homewares in Nigeria as they claimed?

    I will answer that question right in this blog post.

    But kindly note that this is not a sponsored post and I’m not promoting HOG Furniture. I’m just sharing what I’ve personally experienced.

    Now, let’s start!

    About HOG Furniture

    HOG Furniture website

    HOG Furniture is an online shopping store in Nigeria, primarily dedicated to home and office wares.

    In simple term, the company deal with selling of stuffs like chairs, table, desk, cabinets, wardrobe, rug, carpet etc. And one more thing;

    They also deal with Auctioning, cleaning and maintenance services.

    Benefits of Using HOG Furniture

    • Competitive and Affordable price
    • Fast shipping
    • Fast customer care response
    • Anyone can become a vendor
    • You can refer people and earn money
    • Flexible payment options
    • 7-days refund policy (too low tho)
    • You can get discount
    • etc.

    Is HOG Furniture Legit or Scam?

    HOG Furniture is legit. They are in business since 2009, that’s about 12 years (as at the time of writing this blog post). They have no record of scam.

    If you’ve been scammed by HOG Furniture in one way or another, kindly use the comment box below to share your story with us and we will be glad to publicize it in order to save someone outside there.

    But personally, I have no issue of scam with HOG Furniture.

    How to Buy Stuffs on HOG Furniture

    1. Visit their website: https://hogfurniture.com.ng/
    2. Sign up and complete your profile
    3. Search for, and add your product to Cart
    4. Proceed to Pay
    5. After payment, wait for your items to be delivered to you.

    That’s pretty eazzy, isn’t it?

    But I will advise you to chat with them first before you place order. Before I placed my order, I had to chat with them on WhatsApp to know the shipping process and some other questions.

    ALSO READ: How to Buy and Ship from USA Store to Nigeria

    Now, let’s talk about HOG Furniture if they’re really the best online shopping store for furniture in Nigeria.

    Is HOG Furniture the Best Online Shopping Store in Nigeria?

    Well, I can’t categorically say YES or NO. But to be honest, they’re trying.

    If they’re not the best, they should be among the top 5 in homeware or furniture store in Nigeria (as you know we have the likes of popular sites like Jumia, Konga and Jiji).

    But notwithstanding, below are what I experienced with HOG Furniture;

    Pros of HOG Furniture

    1.      Good Customer Care Support:

    I ask questions a lot, especially if we’re dealing for the first time. The response rate of the support team is fast. And you have a flexible way of chatting with them, which is through “WhatsApp”.

    They also follow up by calling you.

    2.      Affordable Shipping Fee:

    Their shipping fee is not expensive, but I won’t tell you how much they charge as the fee is not fixed, it varies with respect to how heavy your item is, and how far your location is.

    SO, I’ll advise you to talk to the customer care rep to know your standing here.

    3.      Fast Delivery

    This is what I really like the most of all the reasons why I like HOG furniture.

    Let me confess this;

    Before I ordered for my office chair on HOG Furniture, I have earlier ordered for the same chair on Jumia, I waited for about 11 days for it to be delivered. Unfortunately, Jumia cancelled the order without any reason given.

    I mean, after waiting for 11 days!

    Well, I went to HOG Furniture, placed order for the same office chair and after 4 days, I got my chair!

    4.      Large Inventory of Items

    You have thousands of items available for you.

    Okay, let’s me also talk about the downside which I hate;

    Cons of HOG Furniture

    1.      Bad Delivery Handling

    This really got me annoyed.

    I expected HOG Furniture to be able to handle Delivery without stressing the customer (just like how Jumia and co does).

    The day when they told me the items will be delivered to me elapsed without getting the item, that doesn’t annoy as I believe maybe something happened. So, I was expecting it another day.

    Then suddenly one day, a man called me, telling me to come “immediately now” for my package because he’s going out.

    And I was in the middle of an important meeting when he called.

    He should have informed me in the morning before he got to my place. Well, I left the meeting and rushed to pick the items and I thought 30 minutes will be okay for me to take leave and return to the meeting later.

    After getting to the pickup destination, the man asked me to pay for delivery before I pick the item.

    I’ve paid for everything including the delivery fee, why do I need to pay again?

    I had to call HOG Furniture to sort it out.

    They delayed me for more than an hour there, before HOG Furniture send the delivery money to the driver.

    Imagine what I lose that day because of poor delivery handling by HOG Furniture.

    They should have:

    • Inform me earlier before the delivery agent got to my place
    • They should have paid the delivery fee and not waste my time with that.

    I don’t know why they can entrust package worth N85,000 to a driver and can not entrust him with just N5,000 for delivery.

    HOG furniture needs to fix this!

    2.      Incomplete Package

    Buying an office chair from HOG Furniture was not my first-time buying office chair. And I know what must be included in the package.

    Maybe it was a mistake or intentional, I didn’t receive the Manual to install the chair, L and key screwdriver to assemble and tighten the chair.

    With these two important items missing, I got annoyed too.

    But they later send some DIY videos to replace manual, but I have to look for the “scarce” L and Key screwdriver myself.

    HOG Furniture needs to be sure they package the complete items together before sending it out for shipping.

    3.      Low ratings on products

    You know rating is very important, that will help you make decision judiciously. But the products on HOG Furniture website has very low rating, and that may confuse you on knowing a trusted merchant or a scammer.

    Maybe this is not HOG Furniture’s fault. Most people don’t care about dropping review unless the product come short of their expectation.

    BUT they should try and get ratings and reviews, it builds trust!

    So, Is HOG Furniture the Best in Nigeria When it comes to Furniture?

    With the personal experience I shared above, I can’t really say.

    And don’t be discourage, HOG Furniture is legit and their delivery is very fast. They just annoyed me slightly with the poor delivery handling stuff.

    If you want to buy any item on HOG, go ahead.

    If I were to rate them, I will give them 7/10. They should work on getting better.

    In the future, I will still buy item(s) from HOG Furniture and see if they’ve improved or not; by then, I’ll update this blog post with my experience.

    So here you go, HOG Furniture is still one of the top 5 online stores for Furniture in Nigeria!

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