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

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

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

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

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

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

What is a Business Plan?

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

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

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

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

Difference between Business Plan and Business Proposal

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

Business proposals are for a specified set of audience.

ALSO READ: How to Write a Good Business Proposal 

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

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

Importance of a Business Plan in Nigeria

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

  • A Business Plan Makes It Easier to Make Future Prediction 

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

  • It Gives You Better Understanding of Your Market

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

  • You will Know the Business Pros and Cons

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

  • Business Plan Improves Decision Making

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

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

Things to Note Before Writing your Business Plan

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

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

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

Proper Structure to Write a Perfect Business Plan in Nigeria

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

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

  • EXECUTIVE SUMMARY

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

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

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

A perfect executive summary should summarize the following; 

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

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

  • PROBLEM & SOLUTION

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

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

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

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

ALSO READ: Top 10 Business Investors in Nigeria

  • TARGET MARKET

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

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

  • COMPETITION

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

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

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

  • EXECUTION PLAN

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

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

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

  • PUBLICITY

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

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

  • TEAM & COMPANY OVERVIEW

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

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

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

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

Now, Your FREE Business Plan Template

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

CONCLUSION – Writing a Perfect Business Plan in Nigeria

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

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

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

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

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.

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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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