CoronaVirus has changed the world forever! And the need to start a business at home is increasing daily.
With the world’s economy deteriorating by the day, and the unemployment rate is not getting lower anytime soon. A lot of us find ourselves struggling to get the bills paid due to insufficient funds.
But what if there is a way out? What if I show you how you can start making some money from your home right now?
We all like money no matter how small, or don’t we? We get this rush of dopamine each we receive an alert. Without further ado, let’s get our hands working.
NOTE: These Businesses are either online or offline, so you can start with whichever is most convenient for you.
5 Business Ideas You Can Start at Home
1. Affiliate Marketing
In case you don’t know what affiliate marketing is, it’s one of the top 1% online businesses in the world. Affiliate marketing as a business has breed and currently breeding a lot of millionaires.
And you know what? It’s free to start.
All you need is your regular computer gadget (laptop or smartphone) and the internet connection.
What is affiliate marketing?
Simply put, it’s simply by referring people to use/buy/patronize a service or product and you earn a referral bonus in the process.
Confused? Okay, let me use a clear example.
AMAZON is a big e-commerce company, and they need to extend service across the world but they don’t want to start spending money on building offices in each country, so they use what we called “Affiliate marketing”.
Now the role of an affiliate marketer (YOU) is to be recommending AMAZON products to people (your friends, family and anybody) through your unique “Referral link”.
Once someone purchases anything through your link, AMAZON will pay you a commission to thank you for bringing a customer to them.
Let’s say the commission is 20% (varies) on a $200 product. That means you will be earning $40 on each sale.
Imagine 10 people buy a product through your link in a month, that’s whooping $400.
If you need a business to start at home, affiliate marketing should come handy.
But wait, It’s true to make money through affiliate marketer and you don’t need to register with money or tender your degree, but you need to master how it works thoroughly.
I have some blog posts to help you become a successful affiliate marketer even if you’re a beginner.
- How to Build a Successful Affiliate Marketing Business
- Top Affiliate Marketing Programs You Can Join (NIGERIA)
Now, let’s go to the next one.
2. Making Chops
This is the most underrated business to start at home in Nigeria.
Regardless of your view about chops business, I want to tell you that there’s money in this business. I’m sure of this, because I sold these chops when I was a kid. I remember how much I make per day and the profit made per day.
For instance, we can buy Flour: N1,000 – Yeast & Baking powder: N300 – Vegetable oil: N1,200 – Sugar: N500 and Nylon or Paper: N300.
That is approximately N2,500.
If you make BUNS and Puff-puff with flour worth N1,000 and you sell everything, you will be making about N10,000 per day. If you deduct the expenses, that’s N7,500 as profit.
Then let say you’re making at least N4,000 as profit consistently each day, that’s N120,000 per month. That’s 4 months of Nigerian average wage!
Wait, this is not flattering. I’m telling you that this is a real business you can start at home in Nigeria. But because of “what people will say”, it’s underrated and most people think it’s a business for the poor.
But ask me, why is this chops making business that lucrative?
Well, we all want to satisfy our cravings for food. It’s basically one of life’s necessities aside from oxygen. And you know what, the stomach rarely gets tired of taking food in. We all eat for many reasons. One of which is to survive – which is the most important. Also, to give us the energy we need to carry out daily tasks.
As an entrepreneur in the making, the surefire way to make money is by solving problems. Now we’ve identified an everlasting problem because it’s pretty obvious that as long as humans exist, they’ll have to take some form of food.
This makes chops making a very viable business idea. A business that isn’t capital intensive. And a business that doesn’t go out of fashion.
The good part?
Chops making business is multifaceted. You can start at home with small chops and snacks, drinks and beverages, or you could make it a full-fledged dish, or have a combo or all. It all depends on the capital you’ve got and what you feel is more viable in your vicinity.
In case you have some money as a capital to start a business, you can think of starting your own restaurant business. But how again(🤔)?
I got you 😉
Read this: How to Start a Restaurant Business in Nigeria.
But hey, before starting this biz, it’s pertinent you know how to cook. If you’ve not yet attained that much-desired chef title, you can check out YouTube for some recipes.
3. Laundry and Dry Cleaning
Laundry and dry cleaning is another wonderful business you can start at home. With the whole hustle and bustle, the whole industrial lifestyle, and the 9 – 5ers not getting enough time for themselves, someone has to take care of their laundry needs.
Having this in mind, you can start up this business right from home and start getting some residual income. Heck, some people have made a good amount of money and changed their lives for the better from the laundry business.
Thing is, you don’t need much to start up this business. Just a functioning pressing iron, some items like buckets for washing, a good source of water supply, and if possible, a good washing machine. You can start by getting clothes from those around you.
But before you go on to start taking orders, be sure you’ve learnt how to wash and iron. No, I’m not saying you don’t know how to do these things. But certain fabrics require some set of skills to remove those stains.
A good example will be dress suits. You don’t handle the washing and ironing the way you’ll do to a dress shirt.
So it’s important to arm yourself with these skills before getting started. You don’t want to ruin someone’s expensive clothing, and in the process lose a potentially valuable customer.
You don’t know how to start?
I have that covered already.
4. Beauty, Cosmetics or Make-up Business
You can start this business in two parts: Either you sell make-up products or you render it as service.
Okay, let’s talk about its viability.
Despite the hustle and bustle and all the work that makes it seem as though people don’t have time for themselves, we still find a way to look good, smell good, and feel good.
People will always find a way to look their best self either for work, school, or any special occasion. We all do this.
Now, here’s where you come in.
There are lots of cosmetic items to get to make money from, and it applies to both genders, young or old. And that’s the sweet thing about cosmetics – people just want to appear physically better.
So, what are the best cosmetic items you should be focusing on? We’ve got perfumes, they come in different types: oil perfumes, deodorant, body spray, and roll-on. We’ve also got soaps, make-up kits, body creams and lotions, moisturizers, and more.
Okay, you might be thinking? But this is going to be capital intensive. Nope, absolutely not. It all depends on how you get started.
As a pro tip – even though this isn’t my field of expertise – it’s much better if you start up with one cosmetic product.
Tunnel vision is important especially if you’re just starting a new business. Get a product, focus on that product entirely, get better at it, and then expand when you’ve made some headway.
It’s hard to keep up with many products when starting, and I’m sure as hell you don’t want that.
If you are good at doing make-up for people, start it professionally dear. Don’t think it doesn’t worth your time.
Another tip: you can join a legit network marketing company that manufactures beauty products such as ORIFLAME and you help them sell in order to make profit (Although you will need to sign up with a token)
In case you’re interested in that, check here for some of these network marketing companies.
5. Fashion Design (and Tailoring)
Okey-dokey! Still on the topic of looking good, this is another good business to start at home and money. Yes, you heard me right and I’m here to show you how (in case you don’t know).
Personally, I hate to admit that “tailoring” is a profitable business these days because it’s like the privilege is misused. Lot of them, you can find 10 different tailor’s shops in a small street.
But what if you think of a modern way of fashion designing instead of those over-crowded traditional tailors?
Just like every other business idea listed above, there seems to be an unending need for clothes – from suits to cooperate wears and down to the cultural attires. We always need clothing and that puts you — yes you — in the picture.
Being able to fabricate good-looking fashion items will make you some money right now from home. If you’re not already proficient in this skill, then you may experience some difficulty convincing customers for the first time.
But as the saying goes: “there’s always a first time!” And this is when digital technology comes to the rescue. If you’ve not designed any fabric before, there are lots of places to acquire this skill.
After grasping this, go ahead and start making clothes for yourself, take pictures of the clothing, and leave them on your timeline.
No one hates beauty, we are all attracted to beautiful items — even though beauty can be relative. With time, if your fabrics look amazing, you should start getting orders. Because, we all want to, and always try to look good.
The big deal, you can start a fashion blog.
You say what?
Yes, fashion blogging is hot cake these days and there are ways you can make money from. I don’t want to stress this further but below is a blog post to guide you through:
Let’s go to the next.
Saving the best for the… Not really but dropshipping is a pretty sweet business model that could give you some extra money or a full income source. Dropshipping will require some technical abilities but I’ll try to simplify things for you. 😉
Dropshipping is among the top 10 hottest online businesses you can start at home and make a lot of money.
So, in case you’ve not heard, dropshipping lets you own and run your online store right from the comfort of your home. You don’t need a physical store, or a warehouse, or inventory, it’s purely virtual. But you make real money, not virtual money.
For starters, you’ll be needing a laptop or a good smartphone. This means you’ll be needing a good and constant source of internet supply.
Next, you’ll be needing a good web hosting provider since your store will be hosted online. Be sure to get a good-looking theme for your site, be it WordPress, WooCommerce, or Shopify.
Just like a conventional store, profits across various products vary. Some products tend to be more profitable than others and you’re in this to acquire as much profit as possible.
Ooops! Starting a dropshipping business is not as easy as that, but as always, I GOT IT COVERED!
Check the blog post recommendations below;
- How to Create an Online Store in Nigeria: Guide to Launch Your Own Shopping Site
- How to Start a Dropshipping Business in Nigeria
- Top 5 E-Commerce Platforms to Start Dropshipping Business in Nigeria
This should have been number 1 on this list, but well, “we move” 😊
Everybody is getting into freelancing these days because as I said earlier, CoronaVirus has changed the world and that makes business owners hire freelancers instead of risking the chance of contracting the virus.
Freelancing is a lucrative business to start at home and make millions in your local currency. I’m sure of this because I sometimes freelance when the chances open.
But you will need to have a skill you can render, either web design, graphic design etc.
If you have a skill, then you can join freelancing platforms like FIVERR, Upwork etc., and start working from home.
In case you don’t have any skill, check my recent blog posts on 18 digital skills you should learn in 2021 or watch the video below the conclusion.
ALSO, check on the following recommendations in order to become a successful freelancer.
CONCLUSION: Start a Business at Home Now, Don’t Be Idled!
In case you’re reading this, that means you have read or skimmed through over 2,000 words and that’s just amazing. It shows that you’re earnest in starting a business at home.
Okay, there you go!
These are some of the best businesses you can start from home in Nigeria. And kindly be aware that these business ideas are 100% practicable and you can make money from them.
I’ve personally engaged in some of them and I know some people who are doing some. SO, if there’s no potential in them, I wouldn’t dare to list them here.
To enjoy free contents like this, don’t forget to subscribe to my newsletter by putting your email address and name in the form you’ve been shown above or below this content.
You can also click on the RED BELL at the bottom right corner in order to be notified anytime I publish a new blog post.
Let’s know which of them you’ll be trying out in the comments. For now, stay safe and don’t forget to share this blog post with someone.
THE VIDEO: 18 Skills You Should Learn in 2021
Start a Business at Home: 5 Practical Business Ideas appear on GbolaMedia first.
GIG Logistics Branches and Location (Addresses) in Nigeria
GIG Logistics by GIG Mobility is one of the leading logistics companies in Nigeria due to the company’s mode of operation. Delivery is fast and the fee is not as expensive as other competitors.
If you’re trying to ship your stuff across the country, or to other countries like in Africa, the USA, the UK, etc., GIG Logistics can be your sure plug.
But as a new customer, you may not know how to contact them. The good news is that you can do more with the company via their website (giglogistics.com).
But in case you need to visit one of their branches very close to you, and you don’t know where to go, I will be covering that in this blog post.
Important Notice: In case you don’t find your city on the list, don’t panic. GIG Logistics can still deliver to you but you may need to contact them via email or telephone call if you’re the one sending.
If you’re not sending but receiving, you don’t need to stress yourself, just be available when it’s time for delivery.
You can easily click on your state in the table of content below rather than scrolling and scrolling till you miss what you’re looking for.
Here are the locations;
GIG Logistics branches and location in Nigeria
GIG Logistics Head Office in Nigeria
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway, Beside Eterna Fuel Station, Gbagada Lagos, Nigeria.
SICCONS PLAZA, Opposite Unity House, Beside Lifemate Furniture, Garki Area 11
House 38, 3rd Avenue Gwarimpa, Opposite Union Bank Abuja.
No 10 Ajibade plaza beside okay Japan Electronics.Park Road Gwagwalada .
Block, 43, Gado Nasko way, opp 2/2 Court Kubwa.
Opposite Ignobis hotel plot 17 Gidin dutse layout, kubwa.
Abraham Plaza, Suite A13 Plot, 6 A.E. Ekukinam St, Utako Abuja
80 Aminu Kano crescents opposite Sherif plaza beside Wema Bank Banex wuse 2
Maraba Experience Center
No 132 GIZA PLAZA OPP CHRISGOLD PLAZA BESIDE MTN OFFICE MARARABA
Madalla by Mobil, along Abuja – Kaduna Express Road.
Plot 113 I.V.W. Osisiogu Street, beside Utako Police Station Utako Abuja.
206, Zuba Market, Opp. Lagos Line, Zuba
Cs1 Ground Floor Corner Stone Plaza By Dobbil Avenue Along Phone Village Road, Electronics Section Alaba International Market.
KM 25, Lekki-Epe Express way, Ajiwe-Ajah.
KM 22, Lekki-Epe Express way, Opp. Jeffrey’s Plaza, by Abraham Adesanya Roundabout, Ajah.
41 Shasha Road, Akowonjo Junction, Dopemu, Lagos.
Km 36, Lekki-Epe Express Way, by Ogunfayo Bus Stop, Eputu, Awoyaya Lagos.
103, Okota Road, Cele.
1st Avenue Road, Festac first gate, besides INEC office, Festac town, Lagos.
7, Hospital Rd, Ifako, Gbagada, Lagos.
Gbagada Express Center
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway,Beside Eterna Fuel Station, Gbagada Lagos
9, Medical Road, former Simbiat Abiola Way, Opp, Zenith Bank.
103 Awolowo road, Ikoyi Lagos.
16 Ikosi Road, Ketu Lagos.
Sabo Road Garage, Ikorodu.
29, Idimu Road, Opp. Local Govt, Council, Ikotun, Lagos.
13C Ilupeju Byepass, Ilupeju, Lagos.
International trade fair
Shop D77 & D78, Abia Plaza, BBA, Lagos Int’ Trade Fair Complex, Lagos.
164, Lagos Abeokuta Express Way, beside Diamond Bank, Lagos.
20 Ikorodu Express Road, Jibowu, Lagos.
No 1A, Wole Ariyo Street, Beside First Bank, Lekki Phase 1.
Lekki Admiralty 2
Jubilee Mall Admiralty Way, Lekki Phase One, Lekki.
Lekki (Fola Osibo)
Ground floor Legends Place Mall Plot 29 Fola Osibo Lekki Phase 1, Lagos.
Km 17 Scapular plaza Igbo efon.
Old Ojo Road
Old Ojo Road, by Police Station Lagos.
3 Ijaiye Road, Beside FCMB Ogba.
62 Opebi Road, Ikeja Lagos.
No 25 Otto Causeway Opp Iddo bus top, Iddo Ebute Metta Lagos.
3, Abeokuta – Lagos Expressway, Sango Ota, Opp. Sango Bridge.
26, Adeniran Ogunsanya, Surulere, Lagos.
169, Badagry Expressway, Volkswagen Bus Stop.
1436 Sanusi Fafunwa Street, Victoria Island, Lagos.
Tejuosho Ultra Modern Market, Ojuelegba Road, Yaba, Lagos.
Animashaun Plaza, Beside Petrocam fuel station, Near Epe T-junction, Epe.
43, Osolo Way, Ajao Estate, Ekwu Awolo House.
No 5 Asa Road Former/Old Nitel Building Aba
8 Mission Hill, Opposite Villaroy Hotel, Umuahia Main Town
No 60 Aba Road, Close to MTN Office at Aba Road, Umuahia.
Plot 2 Bekaji Plaza, Bekaji Karewa Road, By Fire Service Roundabout, Jimeta Yola.
Ado Ekiti Center
Soladola petrol station, beside Apc secretariat, opposite moferere junction, along ikere road, Ajilosun
Ogo Oluwa Bus Stop, Gbangan / Ibadan Road, NIPCO Petrol Station, Osogbo.
Plot C31, Relief Road, by Relief Junction, Off Egbu Road, Owerri.
Landmark: After Mr Biggs beside Nepa Office, Farm Center Area, Tunga, Minna – Niger State.
No 4 Old Otukpo Rd, Opposite Dester’s by Savannah Roundabout.
No 1 IBB Way, Adankolo, Lokoja, close to Federal Medical Cente
Shops 1 & 2 Police Officers Mess, Opposite Polaris Bank, Jos Road, Lafia.
Ahmadu Bello Way opp alhaji boye coca cola Depot Birnin Kebbi, kebbi state.
Shema Plaza Ground Floor, Mani Road, by W.T.C Round-About, Katsina State.
No 1 bompai road by Tarawa Balewa way, Opp Grand Central Hotel Kano.
Centro Plaza, Opposite Buk Old Site, Kabuga, Kano.
No 32 Zoo Road, Opposite Shoprite, Kano.
8 Ahmadu Bello Way, Off Kastina Roundabout, City Plaza, Kaduna State
Lagos Garage by Airforce Mami Mando, Kaduna State.
Nnamdi Azikiwe Expressway by Command Junction, close to Samrada Fuel Station (beside 911 bakery).
Dairu Garba Plaza, 18 Sokoto Road, MTD Junction By Nnpc Filling Station, Sabon Gari, Zaria.
Plaza 1080, Yakubu Gowon way, Dadin kowa second gate.
Angwan Soya Zaria Road bypass, Opposite Jankwano Bingham University Teaching Hospital.
Government House Round-About, Asamau House Block B, Number 8, by Airtel Office, Dutse, Jigawa State.
32 Hammaruwa way. Besides former Kashere Filling Station Jalingo.
Town Planning Complex, by Sumal Foods, Ring Road, Ibadan
Suite 5, Kamal memorial plaze, former iyalode complex, opposite funcktionals clothing, bodija – UI road, UI Ibadan.
No 76 Opposite Arisekola Mosque Iwo Road Ibadan.
NNPC Mega Station, Opposite Zenith Bank, Star Light, Ogbomosho, Oyo State.
190, Ibrahim Taiwo Road(Upper Taiwo), Opposite Primo Pizza / Chicken Republic, close to new Wema Bank, Ilorin.
No 1 Umar Audi road, Fate Road, Tanke GRA, besides Hotels Mirabilis. Ilorin.
7, Market Road, Holy Ghost Park, Opp. State Library, Ogui, Enugu.
67, Zik Avenue Uwani Enugu.
No 64 Owerrani, Enugu Road, Nsukka.
202, Uselu Lagos Road, Ugbowo Benin City.
112, Akpakpava Road, Benin City.
Shop 1, Omegatron Plaza, 47 Airport Road, Benin City.
42, Benin/Agbor Road, Oregbeni, Ramat Park Benin City, Edo State.
Okene Express Way, Opp Auchi Polytechnic, Auchi.
Ukpenu Road Opp. Grail Message Centre, Akahia, Ekpoma.
Asaba Onitsha Expressway, By Head Bridge.
445, Nnebisi Road, opposite Zenith Bank, Asaba.
SUIT 53/54 INDEPENDENCE MALL OKPANAM RD, ASABA.
138, Effurun-Sapele Rd, by Airport Junction Warri.
116, Effurun-Sapele Warri Road, Effurun Opp. Our Ladies High School.
29 Ndidem Usang Iso Road ( Aka Marian Road) Calabar.
Shop 7, Yandoka Road, Adjacent MTN office. Opposite First Baptist Church, Bauchi State
Kpansia Epia, Opposite Wema Bank by INEC Junction, Yenogoa
Pam House, Tamic Road and School Road, Okutukutu By Isaac Boro Expressway, Yenogoa
Elite Shopping Complex Opp Crunchies fries, Enugu/Onitsha Expressway, Awka
2 Awka Road, By DMGS Junction, Beside All Saints Anglican Cathedral, Onitsha
No 73 – Owerri Road, Martina Chukwuma Plaza (Innoson Plaza), Opposite The Salvation Army Church, Umudim Nnewi
Akwa Ibom State
3, Monsignor Akpan Avenue, Itam industrial layout, opp Timber Market, Itam.
No 108 Oron Road, beside the First bank, Uyo.
No 22 Oyemekun Road by Cathedral Junction Akure
LACFOG PLAZA Adjacent Choba Police Station East-west Road Choba PHC.
No 118 Off Woji GRA, Same Building with Miskay Boutique By Bodo Junction, Port Harcourt.
No 9 Stadium Road, Beside Benjack, Port Harcourt
Cocaine Village Junction, Off Aba Rd, opposite Genesis, Rumuogba, Port Harcourt.
PHC Peter Odili
No 89 Peter Odili Road Port Harcourt.
PHC Ada George
No 18 Ada George By Okilton Junction, Port Harcourt.
3/4 Maiduguri Road Gawon Nama Area
C 1, A A Master Plaza Canteen Road Gusau.
This is the complete list of GIG Logistics and their location in Nigeria. If you have any questions regarding GIG, kindly contact them directly. You can see how to contact them via their website at https://giglogistics.com
If you want to ship an item from the USA stores like Amazon, eBay, etc., to Nigeria, you can read my guide on how to ship with Heroshe Logistics.
7 Super Professional Tips to Build a Successful Business in 2022
It is a new year and you’ve been thinking of how you can build a successful business but don’t know how or where to start. Let’s talk about that and see if you’ll learn something, or be inspired.
Some businesses fail because they’re following old blueprints which no longer work effectively to build their startup.
We’ve learned a lot between 2020 and 2021, and we’ve seen how businesses are affected by the ongoing Corona Virus pandemic. But ideas to start or build a business are waxing stronger in us, how are we going to bring these ideas to reality?
But is 2022 the right time to start a business?
Yes, it’s never too late to start a business in 2022 and you are still going to see rapid growth if you put in all the efforts.
Regardless of the Coronavirus and its variants, you’ll agree with me that starting and building a business these days is easier compared to a few years ago as a result of technology and more investors who’re ready to provide capital for a futuristic business plan.
According to a report, investors spent more than $140 billion to support startups in 2017 and the figures have increased ever since then till date. This shows how people like you are creating something or a platform that solves a ‘problem’ and how people are ready to support it.
If you’re also planning to launch your startup, you’re welcome, it’s never too late to be phenomenal.
Aside from investors who’re ready to invest, you don’t necessarily need to build your business by renting a big hall or apartment for office use, thanks to COVID-19, you can gather your team and work remotely, while you’re saving a lot of money that will go into office setup.
If you have a good business plan or startup idea and you’re worried about what to do next, the following tips will help you get started;
7 Tips to Build a Business in 2022
#1. Do Your Research and Understand Your Mission
You see, a lot of people see other people building stuff and they got jealous to build something too – this is a wrong motivation to start a business.
You have to think clearly about what you want to do, you ask yourself: “In what way(s) can this idea or business help people?” – emphasize “help people”.
If you want to start a fashion design company, do your research thoroughly and understand that you’re about to build a type of business some people have built already. So, how are you planning to get better and beat your competitors?
For instance, can you think of a unique fashion trend and dominate it for the long term? If yes, what fashion trend and how can you hit the market with your idea?
You have to plan all these, you just don’t voluntarily jump into the ocean without knowing if it’s safe or not. If it’s not safe, then how are you going to survive?
#2. Get a Team Members with Common Goals
The spirit of being the CEO and (sole) founder is part of what’s killing some businesses and startups to date. I’m not saying you can’t build a business alone, you can! But you can’t survive alone. If you survive alone, you won’t go far alone.
You have to understand this concept. If you read about big business builders in the world, you’ll notice one thing that’s very common to them – they don’t build alone!
Bill Gates, Mark Zuckerberg, Elon Musk, etc., will tell you that they called their friends when they were about to start their company. Why? It’s simply because they need teammates who can work with them to achieve their primary and respective goal(s).
The reason is simply that if one is falling, another person will lift him. And this boils down to you looking and calling the right people to join you or else if you fall, that’s the end of the business.
So look for the right people in your circle, during meetups, on social media, share the business idea with them and be patient to see those who’ll be ready to join you.
Getting team members here is different from hiring people. You have to look for someone or some people who’re ready to take ownership of the business and work diligently.
They can in turn be your co-founder, CTO, etc… Just make sure you’re careful and patient enough to see someone with the same common goal.
#3. Start Building with the Little You Have:
You know the type of business you want to build and you have someone or some people who are ready to work with you. The next thing is to start building that business with the little resources you have.
The mistake most people make is that they’re waiting for the “perfect time” and that time translate to when they have sufficient money to invest in the business. The truth is that that perfect time won’t come unless you start now.
And I will like to say this if you’re starting a new business but you don’t have money to invest personally, you’re still not going anywhere. It’s either you get a job, make money and come back to that idea or, you sell the business idea to someone else.
The bottom line is that you have to start from you, even if you will need investors to inject capital into your business, you have to show them something – your ideas + efforts.
#4. Create Good Information and Communication Flow
As part of what you’re starting with, is how you can bridge the communication gap between your business and your target audience (investors included). That’s why you need to invest in creating that information and communication flow.
This is not a big deal at all, you just need to create an online presence for your business by getting a website, getting on social media, and investing in Email marketing or CRM tools.
If you can’t build the website yourself, you can hire freelancers to get the job done for you, there are free email marketing tools like MailChimp that you can get started with. You can hire an expert to manage your business’s social media handles for you too. The person will be in charge of content creation, posting, and attending to comments.
Having a website is very important, if it’s just a landing page, do it and let people know about your business from there and use your social media handles to keep telling people about your mission, not that loudly tho.
#5. Start Expanding the Business
You’ve tried a lot, but it’s not the time to relax. It’s time to start thinking of expansion. I mean expansion at all lengths.
If you launch your business to focus on people in Canada and they accept it with open hands, it’s time to expand to New York, and then to Paris, to Africa, etc.
In your team as well, you need to have some people who will be in charge of marketing, human resources, engineering, international relation, legal, and many departments within your company.
With great power comes greater responsibility, the more you’re growing, the more you should expand.
But what if your company can’t afford to hire people you need to run the business as you’re thinking of expanding, is that the end? No, it’s not!
#6. It’s time to Seek Business Funding
This is not a must if your business can afford to finance itself, but I bet it can. As a startup that’s at the entry or expansion stage, you need money to take care of a lot of things and some people are ready to provide that money!
There are people called Angel investors and some are called Venture capitalists, these people are in the business of investing in other businesses to make a profit. No money is too big to invest for VCs as long as your company’s evaluation is also big.
If you think your business need funding, kindly check this blog post on how to get one for your business.
#7. Don’t Stop Expanding; Invest More in Your Business
You’re not there yet. Start investing more in advertising, your team members, think of innovation and, acquire other related small businesses.
Just don’t stop growing!
I hope these tips will help you start that business in 2022 and I believe you can conquer the world, don’t worry, start today!
If you love what you just read, kindly consider subscribing, and don’t hesitate to use the comment box below to let me know your feedback.
MTN’s IPO: How to Buy MTN Shares with less than N50,000
Here is your time to shine, you can now buy MTN shares and join the leagues of MTN shareholders in Nigeria.
Nigeria’s telecommunication giant, MTN Nigeria recently announced the selling of 575 million of its shares to the public on Tuesday, November 30th, 2021. Just in case you don’t know what “shares” is, let’s me quickly tell how it works;
What are Shares?
Share simply means a percentage of ownership in a company. Those who hold these shares are called “shareholders” and you can also call them “investors”.
What that simply means is that, let’s say you buy MTN shares, you have a percentage of every percentage of the company. If the stock rises, your share rises and vise versa.
How Shares Work?
The more shares of a company you’re holding, the more decision-making power you have in that company and the more your profit if the company is performing well.
Let’s say you buy 250 units of MTN shares at the rate of N169 each, which is N42,250.
And luckily, MTN stocks jump to x10, that’s also N42,250 x 10 for you. You’ve made N422,500!
That’s just the simple idea, if you know how FOREX, stocks, or cryptocurrency work, you have the idea of how Shares work also.
But you don’t need to panic because MTN Nigeria is leading and doing well in Nigeria, investing your money to buy from their shares will be a good return on investment (ROI) for you.
…and this is a golden opportunity if you’ve been looking for where to invest your money.
Right in this blog post, I’m going to share with you how can buy these MTN shares easily and answer a few things you may want to know. But let’s start with the eligibility and requirements;
Eligibility and Requirements to Buy MTN Shares
1. You must be 18 years old and above – No minors *(-_-)*
2. You need a Bank Verification Number, BVN
3. You need a CSCS (Central Securities and Clearing System) account
4. You must behold the shares for at least 12 months, if you can’t let your money work for you in 12 months, don’t even try buying.
5. You must be able to buy a minimum of 20 unit shares, while the maximum is 250 units.
Buying MTN Shares: Other things you need to know
- The general public can buy the MTN shares from December 1 to December 14, 2021 (just 2 weeks)
The MTN share offer will be priced at N169 per one unit
- The minimum amount you’ll invest (for 20 units) is N3,380 and the maximum (250 units) is N42,250
Your stockbroker or a certified Momo Agent can help you
- Visit https://mtnoline.com/PO in case you need help
Now, let’s talk about how you can buy MTN shares before the deadline!
How to Buy MTN Shares in Nigeria
There are two ways to buy the shares, you can buy through;
2. MTN MoMo agents
Buy MTN Shares with PrimaryOffer
PrimaryOffer is a service (or product) by NGX exchange where you can buy new public offers like this MTN share. Here is how to buy your MTN shares on PrimaryOffer:
– Visit www.primaryofferng.com and click on “Get Started”
– Click on “I am an individual investor” if you’re buying for yourself
– You’ll land on a page with MTN branded banner at the top, but click on “Create an Account” to get a PO account
– Put your BVN number and correct date of birth
– Click on “Continue”
– On the next page, your primary data would have been generated from your BVN, fill out the remaining data such as “email address”, “your mother’s maiden name” etc.
– Click on “continue”
– Verify your OTP: check your email address to get the code
– If you do that correctly, your account will be verified and the next thing is to login
– Login with your email address and password
Finally, buy the MTN shares!
After you log in to your PrimaryOffer account, you will see the only shares available (MTN shares), click on the MTN logo, it will load to open a new page.
– Scroll down and put in the unit of shares you want to buy. Note that the minimum is 20 and the maximum is 250
– Check the agreement and conditions, and
– Click on “continue”
– CSCS account will be created for you, but you need to complete it manually on the next page by filling in one of your bank details
– Click on “update Bank”
– Continue to complete all necessary stuff such as uploading a proof of address, your national ID card, and your signature.
– You can as well complete your social profile
– If you’re done with that part, go back to offerings to buy the MTN shares.
Important Notice: You can also use the PrimaryOffer mobile app to do all these things.
ALSO CHECK: How to Invest in Treasury Bills in Nigeria
That’s the first method of buying MTN shares in Nigeria.
Buying MTN Shares with Receiving Agents
Just in case the steps above are too technical for you to do, you can use a receiving agent and the person will do all the hard work for you.
Receiving Agents you can use:
1. MTN MoMo Agents
MoMo agents have received training on how to help people buy MTN shares. So you can visit any MoMo agent close to you and they’ll help you out.
2. A Stockbroker
Stockbrokers are professional, if you see one, ask them for help but be careful and make sure you use a trusted broker.
So, that’s how to buy MTN shares in Nigeria.
Summary: How to Buy MTN Shares in Nigeria
– You can buy MTN shares for as low as N3,380 and the highest you can buy is N42,250
– The best way to buy MTN Shares is through the PrimaryOffer’s website or mobile app
– The public sale of MTN Shares will end on December 14, 2021 (Maybe this will be extended, I don’t know)
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