topsam1:


Kudos to you mr ebis....I have sent a mail to you closed to 3 weeks now, no reply...its actually on one of the ideas you shared here on nairaland...I even sent you a reminder...all you said was 'you've been busy and will reply me sooner' but uptill this moment...you can check your mail again...thanks and God bless

Oh, very sorry bro. Will reply now

Sibe007:

2. The Business

Value Proposition: A burst of sweet-pineapple-flavor that literally has a party in your mouth. Crunchy/Chewy healthy snack for the consumer’s nourishing delight.
Customer Segment: Corner shops, retailers at markets/Traffic, departmental stores.
Distribution Channels: Product depot, departmental stores or retail shops
Customer Relationship: Direct & Mass
Key Activities: Selling, Food processing and packaging, negotiating, supply chain management, customer service, delivery etc.
Key Resources: Workforce (Food processing assistants, Sales team, delivery team), Factory or processing facility and equipment, Management team, quality control officer etc.
Key Partners: Pineapple retailers, Pineapple Farmers, Government regulatory agencies, Traders and Food Manufacturing Associations, 3rd party logistics etc.
Cost Structure: Staff pay, work related equipment (Oven, Gas supply), licenses (NAFDAC) and registration, etc. Be sure to understand all the cost implications before going into this, these are just a few.
Revenue Stream: Sales of Pineapple chips

3. Competition

There are no strong barriers for entry into this business and so you are presented with an opportunity that is also available to possible competition. In order to stay competitive, you would need to work on having a strong competitive advantage, whether in quality packaging, service delivery (product made), lower prices or just serving a niche location.

4. Risks

A good understanding of the pineapple planting and harvesting cycle so as to avoid failing to meet demand due to a shortage of pineapple fruit supply would be a good mitigating step in the right direction. choosing the right suppliers is also very important as your supply chain is only as strong as the weakest link.

Summary

It is hoped that, ideas such as this one can put to excellent use, pineapple fruits before they go overripe (bad) due to lack of appropriate storage facilities or difficulties in transporting the harvested pineapples from the farms to the market places. Be sure to do more research on this and seek proper counsel before jumping on this business idea.


So until next week, Stay inspired…


Links
http://www.mygutsy.com/pineapple-chips/


For more information, comments questions or feedbacks, get in touch.
Twitter: @Mrebis
Email: mrebis1@gmail.com

On pineapple chips, I still wonder how I'm going to produce it in commercial value since aCcording to the article, it takes 7 hrs atleast to dehydrate it....plz you need to shed more light on this sir...thanks very much

topsam1:


On pineapple chips, I still wonder how I'm going to produce it in commercial value since aCcording to the article, it takes 7 hrs atleast to dehydrate it....plz you need to shed more light on this sir...thanks very much

An industrial type oven. That can accommodate more slices of the pineapple would work better, so that one can maximise the gas used in the oven.

Idea 19 of 52 - House flipping

What Is House Flipping?

House flipping is when real estate investors buy homes, usually at auction, and then resell them at a profit months down the road. Can you make money doing this? Yes. Can you make a lot of money doing this? Yes. But you can also lose everything you own if you make a bad decision.

This is a Business that has been around for a while in the US and even has TV shows about it. For Nigeria, one can look for below average or abandoned houses (deteriorated) in good locations. These houses can be renovated or essential parts of it remodelled and then put back in the market for sale or rent. One would need to be careful about meeting the right owners or people authorised to do dealings as it relates to that property.

Legal Agreements
It is very important to have a clear understanding and an agreed revenue sharing formula. You could approach the owners, refurbish the house, and put it up for rent. Then you would collect a percentage of the rent until your initial funds invested are recovered and a profit too, after which your contract agreement with the house owner can end. It all depends on what terms you all agree on.
You think this might be too expensive??

Well,
100 people can pool 30,000 naira each, or 50 people can pool 60,000 naira each to raise 3 million naira, to be managed by a very competent and reliable real estate agent or building contractor. This can be effectively utilised to love-vendor, flip a deteriorated or abandoned house in a good location. More valuable features could be added such as, washing machine, Wifi, TV etc, all in a bid to increase the overall asking price.

So what should you look for in a potential house flip?
source: Moneycrashers.com
1. Location. Expert house flippers can’t stress this enough. Find a home in a desirable neighborhood, or in a city where people want to live. In a down market, like the one that exists today, finding a superior location can be a challenge. Start by researching local cities and neighborhoods. Look for areas with rising real estate sales, employment growth, and other indications that the town will rebound from the recession.
2. Sound Condition. You don’t want to tear the house down, and start rebuilding it from scratch. Look for structurally sound homes. You may not have the opportunity to have a home inspected, especially if you buy the home at a real estate auction. You need to learn what to look for, or bring someone knowledgeable about building, electric, and plumbing with you to look at the home, to determine if the home is structurally sound.
3. Good Schools and Leisure centres. Homes in a good school district sell more quickly.
4. The Right Fixes. A home with old carpet and wallpaper featuring pink poodles may be easy, and cheap, to update. Other home repairs to tackle might include installing outdoor motion sensor lights, replacing old kitchen linoleum, and replacing hollow doors with six-panel doors throughout the home.
5. Close to You. You will work on this house daily in the weeks and months to come. Do you really want to work all day, and then drive an hour to get home? Don’t invest in a house too far away from where you live; you will spend more money on gas, and it will take longer to fix up the house.
6. Analyze the Kitchen. The kitchen is the most important room in the house. Pay close attention to this area when you buy a house. Most experts recommend you focus on remodeling the kitchen, and then look into bathroom redesign ideas. Analyze how much you will have to spend on the kitchen in order to make it appealing for future buyers.
7. Value. Make sure the price of the home is below its value in the local market. Otherwise, you will not make money. Try to buy the worst house in a great neighborhood, versus the best house in a lousy neighborhood. The worst house in a great neighborhood has nowhere to go but up in value, due to the value of the other homes in the area.


Idea Summary

• Find a bad looking house in a great location
• Agree with the owners either to buy it, or renovate/flip it
• Get your money + Profit back from rents


2. The Business

Value Proposition: Real estate renting
Customer Segment: House owners, Landlords, real estate agents
Distribution Channels: Offline and online real estate agents
Customer Relationship: Direct
Key Activities: Buying, flipping (renovation), Renting
Key Resources: Startup funds, Technical knowhow
Key Partners: Landlords & Home owners, House agents etc.
Cost Structure: Flipping cost (depending on the needed repairs), marketing
Revenue Stream: Percentage cuts from rents from tenant as agreed with the house owner

3. Risks

When you estimate the cost of any job, experts advise that you add 20% to the final estimate. Why? It’s always going to cost more than you think it will, say the experts. Always.
Remember the warning ‘Beware of 419’
You can be very profitable from this, and you could also lose money too. Do all due diligence as regards all the documentations, and checks. Take professionals along with you and work with their expert advice.

Summary

Remember to always look before you leap.



Thanks for following this series.

Till next week, stay inspired.


For more information, comments questions or feedbacks, get in touch.
Twitter: @Mrebis
Email: mrebis1@gmail.com


Links:
http://www.moneycrashers.com/five-tips-for-effectively-flipping-a-house/

This thread is Da BOMB!!!

archyonrails:
This thread is Da BOMB!!!

Thanks. and thank you for following

Idea 20 of 52 - Kids Outing/Entertainment fun day(s) Business

1. The Idea

Children’s day (may 27) is fast approaching and with it the buzzing opportunity to start a Business or generate some revenue. And this week’s Business startup Idea will seek to exploit this period and seize the opportunities that comes with offering value (entertainment & recreation) for Kids (their parents).

It is not news that most Nigerian cities lack public parks where families can just go for fun, as some of the very crowded cities would use up any available space found for real estate development (Residential & Corporate). Some parks, where available, would require tickets to enter (of course not charity Business). Well this post is not about what those park operators are doing but what you could do to get a share of the market.

Like in every business you need to be very clear who your customer segment is. There are lots of things some middle income and higher income families would want you to have in place before they could come patronize your Kids Fun Day business. This is important so you know key areas, and how to focus your resources effectively in attracting and satisfying your customers.

Know your customer segment and focus on making them as happy and satisfied as you possibly can.

You can do some research (work for the money you want) on where to buy or rent a Bouncy castle in your City, then use this to leverage with someone who has space (in a good accessible location) where you could get this setup. For more features, partner with someone people with Pop Corn Machines, Ice Cream Vans, Music DJs, Photographers and their mobile photobooth, etc. Then publicize your mini fun day (s). If you are can coordinate all these, you either get paid a cut from every business operating at your Fun day, or Businesses can pay a fix price to get a spot.

Photo Credit: Partycastlehire
Well you could organize the scale of your event based on your available resources and leveraging power.

Hand Tags can be purchased that can give the kids access to bits of everything you have setup. E.g Access to Bouncy castle, 3 Professional shots printed or emailed, 100-300 naira pop corn (100 naira worth X 3), Icecream, etc.

Well this can be planned for the weekend of Childrens day, and could also be organized whenever and however intended.


Idea Summary

Find a suitable location
Get in touch with small business operators
Agree on your cut or their payment for slots
Publicize your event (Kids fun day)
Make it happen

2. The Business

Value Proposition: Entertainment and recreation for Kids
Customer Segment: Middle and low-income families looking for alternative affordable recreational/leisure entertainment for their kids.
Distribution Channels: Word of mouth, Flyers and posters, email messaging
Customer Relationship: Dedicated phone lines, Sales and customer service reps
Key Activities: Buying, flipping (renovation), Renting
Key Resources: Startup funds (rent of location/bouncy castle), Admin and overall events management competence
Key Partners: Other Small-scale Business operators, Local government licensing and revenue team.
Cost Structure: Publicity cost (flyers & posters), Rent cost, Security etc.
Revenue Stream: Rentals or cuts from the other small business operators.

3. Risks

If it rains on the days you are open, it could affect the smooth running of the Business and probably affect the turnout.
Any business that would have a good number of kids would need to provide extra security for monitoring against, kidnaps or any kids straying out of supervision.
Also first aid and other emergency services should be at standby.

4. Competition

If you can do this, some other person(s) can do this also. But what will help as mentioned earlier is to be very sure of who your customers are and do all you can to serve them as best as you can.


Summary


Being very organized in general service delivery and ensuring all the business operators conduct their businesses and deliver quality customer services.


Thanks for following this series.

Till next week, stay inspired.


For more information, comments questions or feedbacks, get in touch.
Twitter: @Mrebis
Email: mrebis1@gmail.com


Links:
https://www.owambe.com/blog/what-do-you-need-to-start-a-bouncy-castle-business/

Idea 21 of 52 - Recycling Waste PET bottles/Cans - Logistics Services

Guest feature - Dubamo Aginighan


This is a pretty simple and straightforward idea. You simply gather these and send it back to the original manufacturers for recycling.

1. My Story
While reading one day, it just occurred to me that waste cans could be recycled. So I called up some friends working at various beverage producing companies (Nigerian Bottling Company and Nigerian Breweries) asking how they handle the waste packaging (PET bottles and aluminium cans). I learnt from one of them that his company did not produce themselves but rather outsourced to a third party. I got the company info and made calls.
It is an open market you are free to dive in whenever.
The idea is to simply gather as much as you can, bale (compress the wastes so that more can be transported at minimal cost), quality control (ensure that no foreign substance is present), then supply/transport to the collecting facility for pay.

2. Business model canvas

3. Competition - it is competitive since it is free for all. There are abokis and many other waste managers aware of the opportunity and are active in the business so you develop your convenient strategies to outshine your competition.

4. RISKS Major risk has to do with ensuring you have a ready buyer as we have experienced some buyers are not always willing to buy. Then the risk associated with transportation. Lastly risk associated with being blacklisted if it is discovered that steel or any other none required material is found in your sacks.

5. Summary:
Waste cans/pet bottles are gathered from event centers and dumpsites, bagged and transported to manufacturing plants/recycling facilities for recycling. You may consider exporting these too for valuable foreign exchange.
Enjoy

3. Competition - it is competitive since it is free for all. There are abokis and many other waste managers aware of the opportunity and are active in the business so you develop your convenient strategies to outshine your competition.

4. RISKS Major risk has to do with ensuring you have a ready buyer as we have experienced some buyers are not always willing to buy. Then the risk associated with transportation. Lastly risk associated with being blacklisted if it is discovered that steel or any other none required material is found in your sacks.

5. Summary:
Waste cans/pet bottles are gathered from event centers and dumpsites, bagged and transported to manufacturing plants/recycling facilities for recycling. You may consider exporting these too for valuable foreign exchange.
Enjoy



Thanks for following this series.

Till next week, stay inspired.

For more information, comments questions or feedbacks, get in touch.
Twitter: @Mrebis
Email: mrebis1@gmail.com

Idea 22 of 52: Local Job Agency

1. Idea Intro:

Instead of staying idle while waiting for a great Job, You can set up your own local job centre by going around to all the people you know in your area with one service or the other (Plumbers, Electricians, Carpenters, Cleaners, Drycleaners, water supply, gas refill, etc.) then agree with them how much you will get on each referral they get from you, or better still the client pays you, you keep your cut and then pay the service provider. Then you could actively go from house to house to advertise/check with people what services they need. You would need to make sure your phone lines are always on and be sure of the availability of the service providers and their ability to deliver quality service as this can affect your new business negatively

2. Business Model Canvas
Value Proposition: A one-stop contact for all domestic and other home services need. Easy to find services through a known trusted liable agency.
Customer Segment: The local general public in need of one service or the other, the service providers etc.
Distribution Channel: Flyers and posters, brochures, word of mouth, Phone and email.
Customer Relationship: Online and social media, word of mouth
Key Activities: Partnership (agreement) with reliable service providers, consistent customer care service, cold calling, sales and marketing, etc.
Key Resources: Dedicated phone line (Customer support staff), Service providers, Online presence (Social media), etc.
Key Partners: The service providers (Plumbers, Electricians, etc.)
Cost Structure: Dedicated phone line and call cost, printing of flyer and other marketing communications related materials, legal services and Insurance, etc.
Revenue Stream: Cuts/Commission from services provided by partners

3. Competition: There is the normal way people currently source for service providers, so coming up with yours would need you to be more strategic so as to remain competitive. We hardly have these service men move from house to house to seek new customers (except mobile tailors and shoe makers), so if you would want to get the new customers to get to the service providers through you, you would need to go out to hunt. Knock on doors and ask if they have need for plumber, electrician etc.

4. Risk: There is great need to ensure that the service providers align with your values and operational/service delivery standards. If they fail in service quality, this would affect your business, so you would need to organise trainings/seminars where you educate and enlighten those service providers working with you on expected work ethics and service delivery standards.
You will need to be clear on pricing and your own cut (admin charges) to avoid any conflicts.

5. Summary: As with other businesses, there is a great deal of work, time effort required and you would need to be committed to growing this and maintaining the good working relationship with the partners (Service providers)

Thanks for following this series.

Till next week, stay inspired.

For more information, comments questions or feedbacks, get in touch.
Twitter: @Mrebis
Email: mrebis1@gmail.com

Hello, I am Samuel Bolu; Freelance computer technician, product manager, web content strategist and social media manager. I have worked with eCommerce companies and also small medium enterprise to help manage and monitor their sites. So do you want to start selling your products on Konga, Jumia, Bargainmaster, SME Markethub etc or you need your products on your site? Or are you new to e-commerce? And you need help registering and uploading your products? With marketing that increases sales? I am Looking for brilliant and exciting idea to help product manage. If you are running an e-commerce company, contact me if you need a product manager and management help. 07035943189 or 08154326177

Idea 23 of 52: POS (Point-of-sale) Marketplace agent

1. Idea Intro: Recently I had to accompany someone to the Fish market at Epe, Lagos one Saturday, and we had to look for where to withdraw money before heading there because they do not have POS devices at the fish market. This led me to this Idea…

Imagine having a small office stationed in a busy Nigerian market with about 2-5 POS machines and POS assistants wearing customised Tee-Shirts who are ready to go to any location in the market where a Market Seller have need of the POS device to complete a transaction with a customer. Each transaction can attract a charge of 100-300 naira, and would depend on the price suitable to cover your running cost.

• The market salespeople will register their accounts and details with your company and would have a unique merchant ID number.
• They will also display around their stalls or let the customer know that they can receive the payment with POS.
• When a customer asks to pay using POS, they are told the charge and if they agree, the market sales person can text or call your POS market office with shop location details. The agents will get to the market salesperson’s stall with the POS device as quickly as possible.
• The customer makes the payment, then your POS agent enters details into a register.
• The money comes into your account including your cut, which is the service charge, then you transfer to the market salespersons’ account at the close of day.
• So multiply the number of transactions your company helps these market salespeople to make, by your charge. There you would have your revenue daily.


It is also important to note that most of these market salespeople may want their cash soon so as to use it to go to the Market to restock. This means you would have to arrange an agreed plan to, bring the cash either early in the next morning or before they close of the day.


2. Business Model Canvas
Value Proposition: Cashless Transaction facilitation support for market men and women in busy and crowded Nigerian markets.
Customer Segment: The market men and women who are not ready for the stress or savvy with the techie setup of POS and other fintech devices
Distribution Channel: Word of mouth (field marketers), Flyers and posters, brochures, customer support office, etc
Customer Relationship: Direct, one-on-one, etc
Key Activities: Financial accounting, Agreement of terms with the salespeople at the market, customer care service, sales and marketing, etc.
Key Resources: Dedicated phone line & the market office (Customer support staff), POS agents, General operations manager, etc.
Key Partners: The market salespeople, the Banks, the customers, market revenue collection agency and other related unions and associations, etc.
Cost Structure: Bank deposits or setup costs, Staff salary, stationeries for daily operations, registration and licenses, Dedicated phone line and call cost, printing of flyer and other marketing communications related materials, legal services and Insurance, etc.
Revenue Stream: Cuts/Service Charge from every transaction

3. Competition: Be sure that others would join you in this when you start and seem to be making a profit, so stay prepared. Other forms of competition include having an ATM machine not so far from the market or within the market premises. This can affect largely how people would patronise your service, unless there are loads of people queuing to use the ATM or if they don’t work.

4. Risk: Presence of an ATM machine near the market poses a threat to this business; also challenges such as Network problems too can affect smooth operations. Do your research and other technical studies before jumping in.

5. Summary: You can start by going into a bank to find out how you can go about getting the POS devices and what it will all entail (the banks cuts et al), Find a Market and start generating revenue while you create employment for some people and make business much more easier for others.

Thanks for following this series.

Till next week, stay inspired.

For more information, comments questions or feedbacks, get in touch.
Twitter: @Mrebis
Email: mrebis1@gmail.com

One of d best trend ever on nairaland. Have more info than some ebook champs in d hse

Idea 24 of 52: Become a Tutor (Tuteria.com)

1. Idea Intro:
Become a tutor today. Why stay idle doing nothing or waiting for some white collar job when you could out your time to productive use. Whether it is tutoring school kids helping them to better understand their school work or tutoring someone to play a musical instrument or teach a skill (baking, makeup, hair designing, etc.)
There are people who could be ready to pay you to teach a skill or tutor their wards, and today there are platforms (Online) that can help u become visible to these people. One of such reputable and growing platforms is Tuteria (www.tuteria.com). You can use Tuteria.com to enrol your skill so that those in need of what you offer around your neighbourhood or City can find you and contact you for your tutoring services.

Some skills you could offer to teach
Computer teacher
Languages (local or foreign language)
Musical instruments
Vocal lessons (Singing)
Exam preparation
Beadmaking
Hair Styling
Bag making
Etc.

Image source: newmozartschool.com

Idea Summary
Identify what Skills you can offer to teach.
Decide how you will charge
Register with Tuteria to become a tutor





2. Business Model Canvas
Value Proposition: Tutoring Services.
Customer Segment: Students in need of teachers and those looking to learn a skill
Distribution Channel: Online (Tuteria.com), Your service delivery location, or clients location.
Customer Relationship: Direct, one-on-one, etc
Key Activities: Tutoring, Customer service delivery etc.
Key Resources: Dedicated phone line (need to be always reachable), access to your email used in registering
Key Partners: Tuteria.com
Cost Structure: Necessary materials or stationeries needed for effective service delivery, etc.
Revenue Stream: Payment for tutoring services

3. Competition: This service is open for many to join in so therefore you will likely have other competitors on the platform, so you would need to be very good in delivering your services so that you can have great reviews which can invariably increase patronage of your services on the platform.

4. Risk: With a feature that allows for service users to review the quality of service you deliver, the continued survival of your trade would depend on how well you continue to deliver your services with good quality.


5. Summary: Take advantage of the platform created by Tuteria.com to become a tutor so that you can start earning something for the skills or knowledge you have.

Thanks for following this series.

Till next week, stay inspired.

For more information, comments questions or feedbacks, get in touch.
Twitter: @Mrebis
Email: mrebis1@gmail.com

Was surprised week 24 didn't come early....grate to see you post again! Thanks for the info..thumbs up

Try this