Fabiens: Very good contributions by the OP. I respect people who share with others.

Unfortunately, most of these ideas won't work in Nigeria. Don't get me wrong, they are brilliant ideas. The problem is the OP has applied a Western/European way of thinking to his ideas. Nigerians think rather differently. They are some loopholes in the arguments. Nigeria is not ready for some of these businesses. You have to learn to crawl before you run. I am not a pessimist, infact I have aways put my money down in risky ventures; but some nigerian aspects have not been taking into consideration e.g. institutionalized corruption, poor power supply.

1 example: On the hotspot. I knew internet in the EU costs $10 monthly, 100MByte/sec and unlimited data. I immediately felt networks here were cheating. However, when you take account of how much they spend on diesel just to keep a mast online, and the bribes they pay, you find out there are hidden costs which are not normal to a business. Of course they still make a killing in Nigeria (large market), yet few can offer unlimited plans, at our already slow speeds. The best way to start hotspot is to get your own satellite. In short, research yourself, it isn't as straightforward as it appears. MTN, Glo are not sharing anything with you. If you bring a feasible hotspot idea to them, they will run it themselves.

2 example: University Graduate Database. Sorry but Nigeria is too corrupt. Some universities yes are stricter than others, but with money, you can get fake papers, and pay off whoever does verification in the university. All he needs is a special folder for anytime someone inquires. You say random lecturer, but who? How to verify legitimacy of the random lecturer? This is a country where people fake oil importation papers.

I wont go into other ideas, the truth is most of them are very good (1 idea, I am sure someone stared recently), but I was just struck by the western style of thinking. Whoever takes up any of them, must think locally AND act locally. At the end of the day, I dont wish to be negative, I am just adding my 2 cents. One last example. Bill Gates has his "1 laptop per african child" project. BUt how man children go to school? How many actually LEARN not just go, but learn in school? How many children have food to eat everyday? He should have started with "good health for all", or "no child goes hungry". He however was thinking like an American, and expected Africa to work like America. Wrong.

I am very sure I must have loopholes in my deductions, so feel free to criticize me, I love learning.

mrnestyy1985:

Hi freetowns
i must say your idea is nice but like you said,there is already a similar site like that viz Iroko by iroking.

In the words of basket mouth our great comedian "There are two things involved in everything we do" You should ask yourself this question.who are we creating this website for? if its for Nigerians and foreigners abroad,there is no problem but if it is for Nigerians at home then there are two things involved.it is either they browse the website by their slow mobile internet connection or only the very wealthy once visit the site.if the wealthy ones visit the site,there is no problem but if the blackberry internet connectors visit the site. bro there are so many things involved. lol

this leads us to our previous INTERNET BUSINESS hotspot idea.

feel free to check and analyse this issue as with every problem spotted comes a business possibility.

freetowns: Investment No 4 and 6 are very good investment Idea. I dont mind investing in any of them. IS there any interested person?? I can make the website in UK here and you can run the marketing and all. If interested contact me on thumbryder at hotmail dot com

mrnestyy1985: No 2: Nigerian Escrow website

I believe by now most of us know what escrow service means.Look it up on google.

Problem

You and i know that if we have the opportunity to scam with ease we wont hesitate to grab that opportunity. I have a general law in online business which has been adopted by most white Europeans and Americans.
"Never trust a Nigerian in every aspect concerning money"
Even Goodluck Jonathan the Nigerian president could scam you if he has the opportunity. Agreed? This is because human wants/needs are not satiable.
In my own opinion, Nigerians have not been successful in online business because of the risk that is involved when you deal with Nigerian online.this can be seen in the way the european and amaerican payment service like paypal,moneybookers and the rest of them restrict their service from Nigerians.My reason?we can not trade with Nigerians using paypal because they are so brilliant that they can even claim to own the paypal merchant account and scam you the sum of 50,000 dollars with just a 100 naira air ticket bought from a local cyber cafe that has a 5th hand used outdated computer.

In order to improve trust when doing business with Nigerians online,there has to be a payment service that is able to protect Nigerian as well as the so called magas.

Solution
PayNigerians/NairaEscrow/ProtectMaga/MagaSafe (Think about a unique short domain name)

This website enables buyers and sellers to buy and sell product and services safely when dealing with Nigerians.

How it works
example: A seller abroad who supplies goods like clothing and cars contacts a Nigerian importer who is interested in importing cloths for sale in Nigeria.after must communication they buyer agrees and decides to transact with this seller who he or she doesnt know or have not met before. He remembers the ultimate online Law( Never trust any body with money online especially a Nigerian). The buyer or the seller can offer to procure a third party "YOU" that will protect them and ensure smooth secured transaction.

The both party visit your website
Register as a buyer or a Seller
states the given transaction amount or service
click proceed
the admin (YOU) accept escrow and ask the buyer to upload the money. when he upload the money and you confirm it with your bank.you contact the seller securely online to proceed with shipment and provide shipment tracking codes.when the good
s is shiped and the buyer confirms receipt.you can release the money to the seller by local bank transfer.

Happy buyer/ Happy seller that returns to your website again and again and recommends you to other prospective importer.

Other possibility

A)You could also integrate the site with freelance service.i.e people who live abroad that can send this product to you in Nigeria and recieve their payment securely through your site.

How?
A potential buyer who wants to buy something from ebay or other ecommerce site abroad but do not have the payment capability as the shipping address specified bcus most online traders do not send goods to Nigeria.
He or she goes to your site, post a frelance ad seeking for interested freelancer who can purchase the goods in your name and resend it to Nigeria for you for a fee.
interested frelancer contacts you and negotiate payment.then proceed to use the escrow service offered by your site.

B) I also see the possibility for Nigerian government using your platform to issue/award contracts to potential contractor.Money is never released until the contract is completed.this will help to reduce the problem with unfinished contracts as most contractors will strive to complete their contract because they are guaranteed a return on their investment.this can be linked to banks that issue loans to contractors as the contractors can print the pending escrow statement and use it as collateral to secure loan.

You can manipulate their solution in several way to suite your revenue potential. consult me if you need further question and if i have the time,i will gladly reply.

ezeh isaac: i need a partner for this, seriously

ezeh isaac: i need a partner for this, seriously

surveyProf:

It will work out fine i.e. The escrow business in Nigeria, for Nigerians only for a start, there are lots and lots of online businesses coming up everyday in Nigeria, but buyers are scared of loosing their hard earn money to fraud stars, who are out der looking for easy money.

Finally, anybody venturing into this kind of business should have a physical office and a registered company name where buyers and sellers can always visit, if need be, and not just online presence.

N:B~I bought an online food last week, frm a Nigerian food seller, @ first I was nervous, but I hv to research about the lady that owns the business, she was crediable and I gave it a try, n the food was delivered!

The ESCROW business is a splendid idea, believe u me, have been thinking of opening a site in that regard but one loophole I fear the most is when the two persons (buyer and seller) the ESCROW company is dealing with are both crooks "working together to reap the ESCROW company off"

TALKING ABOUT PHYSICAL ADDRESS.
I do have an existing physical company address,(not just a makeshift plaza or rented shop but a beautiful edifice somewhere in lagos ) and I fear staining my name when dealing with 2 fraudulent individuals that might come harassing one in the office every minute.
Omowunmi Allen's case is a real eye opener on how far fraudulent people could go just to reap u off .

nijanigga:
You got it right. Nigerians have an inborn tendency to loot or inbuilt corruption tendencies.

More like its in the DNA

Bontee: The escrow site must first build a name before buyers and sellers will even think of using it or parting with their hard earned money.

mrnestyy1985: 6. Jamb Past question and Answer Website

It is a common that that most JAMB and WAEC question are usually the same every year or with just a slight change in the questions. This means that if people can dedicate their time in revisiting this past questions few times a week through a click on a website,they would definitely come out successful after the exam.

This website or blog could be a platform of past Jamb questions and answers fully discussed by experts with different view on solving it. i.e a maths questions,could have several ways of solving or identifying the answer which safes time for other questions.

Revenue
i
Revenue comes from site traffic and advertising placed by local jamb or waec tutorials.
I love this idea but have not been able to develop a blogsite,how can i contact you to inquire some other things affilating from you



this is a mini idea for a blog starter but feel free to manipulate it if you think it has bigger potential.

kayjegs: WOW! I must say I am impressed with this thread and mrnestyy1985 has really done a good job. Thanks so much. We have had threads like this on nairaland but people get fired up and later fired down. But I am advising that as many people that get fired up should keep such tempo. Keep thinking about it everytime until it becomes a reality.
However, take note that starting things like this in Nigeria takes preserverance. One of the ideas talked about here have been conceived by me since 2010 and it is about escrow services. I worked so hard to get functioning. Built the website with a computer programmer friend of mine. Spent all our savings on it. Later my friend got a bit distracted, got a job with a bank and abandoned the work despite my pleas. I am still on it, thinking about it and wanting it to stand. I have developed novel ideas on Escrow services in Nigeria and will be willing to have someone who can finance the re-construction of the site and getting it up again. The site is still functioning but so many parts of its component are gone due to carelessness. The site is www.mycashpayer.com.

However, if you are a good thinker like me, contact me to see if we can work together. I have also been working on a mobile app that will be useful for practicing exams, it is about to be brought out and I want to test-run it for this UTME students. If you are interested in being a part of it, you can email me immediately on kayjegs@yahoo.com


Lastly, I have discussed so much on so many threads on nairaland about business ideas and so on. I have threads which has dealt on virgin business ideas and others.

Have you thought of packaging beans in small packs which are neat and devoid of beans shafts. It will sell fast in Nigeria. As simple as it is, people have not explored that.

Just check out some business ideas here:

https://www.nairaland.com/1182280/funds-not-business-actually-need

and

https://www.nairaland.com/1163912/funds-not-business-actually-need

Have a wonderful business year!

Rooneyboy:

The ESCROW business is a splendid idea, believe u me, have been thinking of opening a site in that regard but one loophole I fear the most is when the two persons (buyer and seller) the ESCROW company is dealing with are both crooks "working together to reap the ESCROW company off"

TALKING ABOUT PHYSICAL ADDRESS.
I do have an existing physical company address,(not just a makeshift plaza or rented shop but a beautiful edifice somewhere in lagos ) and I fear staining my name when dealing with 2 fraudulent individuals that might come harassing one in the office every minute.
Omowunmi Allen's case is a real eye opener on how far fraudulent people could go just to reap u off .

Fabiens: Very good contributions by the OP. I respect people who share with others.

Unfortunately, most of these ideas won't work in Nigeria. Don't get me wrong, they are brilliant ideas. The problem is the OP has applied a Western/European way of thinking to his ideas. Nigerians think rather differently. They are some loopholes in the arguments. Nigeria is not ready for some of these businesses. You have to learn to crawl before you run. I am not a pessimist, infact I have aways put my money down in risky ventures; but some nigerian aspects have not been taking into consideration e.g. institutionalized corruption, poor power supply.

1 example: On the hotspot. I knew internet in the EU costs $10 monthly, 100MByte/sec and unlimited data. I immediately felt networks here were cheating. However, when you take account of how much they spend on diesel just to keep a mast online, and the bribes they pay, you find out there are hidden costs which are not normal to a business. Of course they still make a killing in Nigeria (large market), yet few can offer unlimited plans, at our already slow speeds. The best way to start hotspot is to get your own satellite. In short, research yourself, it isn't as straightforward as it appears. MTN, Glo are not sharing anything with you. If you bring a feasible hotspot idea to them, they will run it themselves.

2 example: University Graduate Database. Sorry but Nigeria is too corrupt. Some universities yes are stricter than others, but with money, you can get fake papers, and pay off whoever does verification in the university. All he needs is a special folder for anytime someone inquires. You say random lecturer, but who? How to verify legitimacy of the random lecturer? This is a country where people fake oil importation papers.

I wont go into other ideas, the truth is most of them are very good (1 idea, I am sure someone stared recently), but I was just struck by the western style of thinking. Whoever takes up any of them, must think locally AND act locally. At the end of the day, I dont wish to be negative, I am just adding my 2 cents. One last example. Bill Gates has his "1 laptop per african child" project. BUt how man children go to school? How many actually LEARN not just go, but learn in school? How many children have food to eat everyday? He should have started with "good health for all", or "no child goes hungry". He however was thinking like an American, and expected Africa to work like America. Wrong.

I am very sure I must have loopholes in my deductions, so feel free to criticize me, I love learning.

mrnestyy1985:


Billgates one laptop per child was only a marketing strategy he used in entering Africa.too bad it didnt work because only Africans can develop Africa

Rooneyboy:

The ESCROW business is a splendid idea, believe u me, have been thinking of opening a site in that regard but one loophole I fear the most is when the two persons (buyer and seller) the ESCROW company is dealing with are both crooks "working together to reap the ESCROW company off"

TALKING ABOUT PHYSICAL ADDRESS.
I do have an existing physical company address,(not just a makeshift plaza or rented shop but a beautiful edifice somewhere in lagos ) and I fear staining my name when dealing with 2 fraudulent individuals that might come harassing one in the office every minute.
Omowunmi Allen's case is a real eye opener on how far fraudulent people could go just to reap u off .

spikes C: Very wonderful. It's hard seeing people who share their ideas publicly, especially, virgin ideas. When i say virgin ideas, i mean in Nigeria.

Most of your internet based ideas are very good, nevertheless, most average Nigerians would not go into it because of capital and/or experience to chose a good developer. Developing such ideas needs total care and security to avoid other loopholes prone to web applications.

freetowns: Am building a site currently on one of the ideas OP just shared here. This thread is an eye opener for me tho...I need a partner on it asap.

freetowns: Am building a site currently on one of the ideas OP just shared here. This thread is an eye opener for me tho...I need a partner on it asap.