Trends and Opportunities for Nigerian SME startups in Information Technology with 8 Reasons Why You ought to be An Information technology Entrepreneur

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The size of a Countries e-commerce Market is determined by the speed at which Personal Computers are adopted by Consumers. Every year the internet re-invents itself. Online services will become a part of everyday living. Presently online payment systems have increased dramatically with virtually all higher school enrollment done online. Demands for intercommunicating in Nigeria have fueled a growth for diverse entrepreneurial activities. We will experience an increase in mobile communication with more phones with internet capacity.

What does it portend for the small business investor, how can a small investor in Nigeria take advantage of it.

If you are looking for opportunities to enter the market, you should look no further than the struggles of everyday life as your benchmark. The challenges in the 21st century are the greatest signal to technology developers regarding what new technologies to come up with.

The information and communication technology niche will still remain in the forefront of all potential technology-based business startups

In Nigeria the Internet is maturing, industry growth remains strong and investor confidence is returning, along with the consumer and business confidence. Those with a good idea and a sound business plan have an excellent chance of success and complimenting the already booming information technology business in Nigeria.

Here are 10 Reasons Why You Should Be An Information technology Entrepreneur

1. Connections will continue to become faster and cheaper in Nigeria and a greater variety of Devices and platforms
will be connected.

2. Connections are increasing at a faster rate. This will greatly expand Opportunities you can tap and explore.

3. The concept of “virtual companies” and “virtual communities” is increasingly displacing the conventional physical company and community. Bulk of the business processes are happening online. Physical office companies are operating through a network of partners and alliances, formed at lightning speed as different needs arise.

4. More people will work from home, telecommute, and work as independent contractors for several companies. Large offices with many employees will give way to small company headquarters and virtual private networks connecting contractors and partners. With your special skill, you can tap this opportunity and provide your service as a freelancer.

5. It’s cheaper to start an Information technology Company.
On line buying and registration will continue to increase in Nigeria as people become more confident in the security measures that apply, and more comfortable with the Web as a buying environment. A typical success story is JOMILA You can take your physical business online and serve a broader market instead of focusing on just your local market.

6. New markets are emerging with keen interest for web and online solutions. Even in the developed world new solutions are emerging for the growing interest in web and mobile products. The opportunity in the emerging market in Africa like Nigeria Ghana and South Africa are enormous. There is definitely something you can provide for these markets from where ever you are. All you need is a brilliant idea, passionate people, laptop and internet connection. The sky definitely should not be the limit.

7. The quality of information on the Web will improve. Information distributed online are being refined to suite specific industries. As more people get connected both publishers and consumers, there will be the need to repackage information for easier consumption.

8. Business to business services will flourish, as the convenience of the Web becomes more readily understood and awareness grows of the potential to harness its power in new and creative ways.

9.The surge in enterprise, social marketing and consumer start ups in the valley in recent times will continue next year. Investor confidence in web start ups has also grown and brilliant ideas are getting funding to build online businesses.

10. The availability of Electricity in Nigeria has increased tremendously and we will witness more increases as more power plants are been activated. All of these portends a great advantage for growth of the real sector in Nigeria.

Trends and opportunities to look out for



Of course generally technologies that ensure human survival as in food, communication, health and security will never go out of demand, which means that opportunities abound for anyone desiring to grab a bite of the frenzy. Let us take a look at 8 out of my 100 information Technology trends for Nigeria in the coming Years.

Mobile Platforms and Apps is the next big deal for SME smart Entrepreneur

The rapid evolution of the mobile phones is destined to change our lives for good. In the past two years the number of androids and smartphones like blackberry, Htc, IPhones released into the Nigerian market is amazing. What is most revolutionary is the opportunity for young entrepreneurs to build apps for their various platforms. Opportunities like building Apps that are specifically tailored to suit the Nigerian environment, content and business, apps that can allow a church to bring teaching direct to its members which allows for interaction, collaboration and instant feedback. Apps that a business concern can use to interact via mobile phones with its teeming consumers and Contractors or Apps that are specifically tailored to suite our educational system that can allow for Study and collaboration on a subject etc.; the list is endless. With an open imagination backed by a good market survey and basic programming Language. The sky here can be the limit.

A Nigerian Location based deals search engine.

Nigerians are business people and love to do deals. Any platform that provide people a location based content and services through both web and mobile service would be good idea any day. An example can be an extensive Search engine specifically for Victoria Island in Lagos. Advertising on this kind of platform will be direct and targeted.

Mobile advertising

Ad supported mobile content will continue to grow; Startups in this market have not been able to convince consumers that the ads in their mobile content is of relevance to them. Mobile advertising will continue its upward path as advertisers look for better and more targeted formats other than SMS. May be an MMS capacity mobile advertising platform could just be the trick. New companies startup will benefit from the massive expected growth in this sector.

Film And TV Web Content delivered into mobile phones

Online TV is like cable, only with a much bigger selection of programs at your fingertips. It is tipped to be the next big thing with innovators signing deals with content providers. Entertainment and technology companies in other countries are exploring new online services that would offer film and TV content for the huge online market. Nigeria has the third largest entertainment bottom line in the world, but has not been able to leverage it for the huge and growing use of mobile communications in Nigeria. Services like video subscription and live video short play or serial telecast will be a place to put in money.

Location based Discount Shopping services.

Consumer spending has never been the same since the economic downturn. A lot of consumers resorted to financial advice and ways to cut down on spending. A lesson leant and practiced over a long period is not easily discarded. Consumers will be looking for services that make it easier to shop at a cheaper price. A mobile service that can provide discounted goods and services on a more localized level and allows users to select specific places of interest to search for discounted good or services will be profitable.

Privacy Call booth Can be back

Here’s a smart idea that could be turned into a national cottage industry: sound resistant cell phone booths can be placed in nightclubs, restaurants, libraries, on airports, train stations, at concerts, and all other places where a bit of peace and quiet is often hard to get. Why not be the first to provide this service.

Location based Event Management

Event management can go beyond the usual to take advantage of the upward rise in mobile communication. Services like event date, diary and live streaming of events on smartphones can be a very good place to start



Business Social Applications

Business applications will be fused with social apps at a faster pace than we are seeing. A lot more businesses will embrace social apps in Nigeria for business purposes instead of banning them at offices. Facebook twitter etc would become a tool of business Communications. Enterprises will focus both on use of social software and social media in the enterprise and participation in a lot of social activities to increase brand awareness. Social media jobs will continue to grow. Companies will pay a lot more attention on these tools, hence the need to hire professionals or businesses who will handle business social activities. Startups with extensive social media tools providing means to effective communication will be a booming in Nigeria in the coming years.



TAKE OPPORTUNITY OF MY 2013 I.T STARTUP BOOTCAMP

This year I will be working with some of Nigeria’s best software developer and others to commence a program for Information technology start ups in Nigeria to raise 20 ITpreneurs.

If you are interested in the Bootcamp visit http://youngoliki./?p=63 to get criteria on how to enrol for free.