Acidosis:
Seriously I don't understand why this isn't on the front-page.

We don't need it on FB yet

weldone bro may God be with you
please which kind of business can undergraduate venture into Thanks

Following......

Thank you op. May God bless u for this

why spaming this page. haba why cant you open your own thread if you are so sure of your self

Nice

1. The Idea

I manufacture risk free menstrual pads for women – Nkem Obianwu

Risk? From Sanitary pads? Yeah, women are at risk of contracting genital diseases resulting from the use of some chemicals and toxins in the production of women’s sanitary pads. The pads are not to be used for more than plus or minus 8 hours and should be changed. Failure to do this heightens the risk as the blood and the chemicals used in the production can mix and give off something probably unsafe.

Currently in Nigeria, the price of Sanitary pads have more than double in the past two years making it more unaffordable for lower income girls. This could be traced to the difficulty the manufacturers encountered in accessing dollars for the importation of essential materials, which resulted in the increase in operational cost and consequently the rise in price.

Where the demand remains constant and even increases and the supply is not steadily available or even declining, the price is bound to stay high. This leads to the 14th Idea in our Series of 52 startup Ideas for Nigeria being Home made Sanitary Pads. If one is able to produce Sanitary pads at home using everyday materials, and package it accordingly, this would create employment and generate revenue.

Before the 20th Century, most women used cloth pads or “rags” during their menstruation. Disposable pads didn’t become common in America until after WW II. Among rural and low-income women they didn’t catch on until the 1960’s. As with diapers, there have always been people who prefer cloth to disposable.

Idea Summary
• Get your materials (cloth materials, sewing machine etc.)
• Follow the steps in these articles
http://abundanceonadime..com.ng/2011/01/how-to-make-your-own-menstrual-pads-in.html
http://www.hillbillyhousewife.com/sanitarypads.htm
• Package your product
• Sell to ready market

This is very doable. If you successfully make yours, try it, and get the experience of how well it works first hand, then work on persuading or convincing others to give your product a trial. It would not be so hard to sell if yours is cheaper and less risky. No chemicals during production and also the reusability after a very good wash would make for good selling points.

2. The Business

Value Proposition: Provide quality, hygienic Sanitary pads which are Pocket-friendly.
Customer Segment: Girls, ladies, orphanages and schools that take care of girls, Government agencies, etc.
Distribution Channels: Schools, churches and mosques, wherever ladies frequent, dedicated phone lines, sales force, customer care locations.
Customer Relationship: Direct and Mass
Key Activities: Selling (Sales and Marketing), production and Manufacturing, Logistics and distribution,etc.
Key Resources: Sales team, Production/manufacturing facilities, management team, supply chain manager, quality control officer, Financial accountant, etc.
Key Partners: Charity organizations and other NGOs, Government and related government agencies, Schools, Religious centers, etc.
Cost Structure: Production facility and equipment (materials), Maintenance and other utility bills, Staff wages and Salary Bill, Food, registration and licensing (necessary documentation).
Revenue Stream: Sales of Produced Sanitary Pads.


3. Competition

There do exist sanitary pad brands out there in the Nigerian market, which have a strong brand name and a grown reputation. One would need to major on the competitive advantage and sell such effectively to prospective new customers. One could have promotions and give new users trials, so they can be convinced of the quality and suitability of the product before they become loyal users.

4. Risks

Competing with big brands can be very daunting and would need good quality product and committed resolve to remain competitive as any failures or perceived failures can spell doom for the new brand.



Summary

Making an alternative cloth based sanitary pad devoid of chemicals as used in manufacturing the existing ones would create more employment opportunities for many and generate revenue.

If there is any thing I missed out feel free to comment, share your information or contact me, so we all can learn solve our problems together.

Thanks for following this series.

If you are just joining, you can catch-up on the previous articles following this link. http://agapedev.com.ng/category/resources/startup-series-for-nigeria/

Till next week, stay inspired.


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


Links: https://www.google.com.ng/amp/www.vanguardngr.com/2015/07/i-manufacture-risk-free-menstrual-pads-for-women-obianwu/amp/

1. The Idea

Rice, Beans and Garri, or any other grain out there in the Nigerian market can be bought wholesale (50kg), rebagged (with permission from your supplier) and resold in smaller sizes (2kg, 5kg packs).



The common practice in the market today is they buy the full 50kg bag, then start selling using bowls (rubber, congos). The estimated calculation for 1 congo of rice is about 1.56 Kg. If the new business man joins in on this, but instead of using bowls or sampling the rice in basins which leaves it exposed to dust and people’s hands, one can rebag the rice (beans, garri etc.) in a neater well designed pack and sell to retailers, corner shops, big departmental stores, etc.

So while those in the market sell their 1 bowl (congo, rubber) of rice for 550-650 naira, your packaged bag of 2Kg rice which is about 500gram more than theirs can sell for about the upper limit of that range, like 650. You can workout your own price to cover for your operational cost. There are 5kg bags of rice in the market, but most are imported which are currently banned in Nigeria.

Idea Summary
Choose your grain (Rice, beans, garri)
Source for your wholesale supplier
Negotiate your price putting in mind how much you intend to sell
Rebag/repackage your small sizes (2kg, 5kg)
Deliver to your customers (retailers, corner stores, departmental stores)

You would need to approach your prospective customers first to know how much they would pay for your rebagged grain (rice, beans etc.) so you are well informed on what price to agree on with your wholesale supplier.

NB: You should not just buy rice from your supplier and rebag it with your brand name without their permission.
Your rebagging/repackaging workplace, Equipment (Sealing machine, bag printing) should be clean and meet hygiene standards, and you should secure a NAFDAC number as well.
You could look around for where to buy and print your bag for repackaging your Rice (beans or other grain)
While some people might be currently doing this, no one stops more people from joining in.



2. The Business

Value Proposition: Provide quality, well packaged, and affordable Nigerian grains (Rice, Beans)
Customer Segment: Retailers, market sellers, corner/street stalls, departmental stores, etc.
Distribution Channels: Warehouse (depot), dedicated phone, sales team and customer service reps etc.
Customer Relationship: Direct and Mass
Key Activities: Selling (Sales and Marketing), packaging (repackaging), Logistics and distribution, etc.
Key Resources: Sales team, Production/manufacturing facilities, management team, supply chain manager, quality control officer, financial accountant, etc.
Key Partners: Retailers, departmental stores and other shop owners, product related Unions and associations, Government and related government agencies, etc.
Cost Structure: Workplace facility and equipment (sealing machine, bag printer etc.), Maintenance and other utility bills, Staff wages and Salary Bill, registration and licensing (NAFDAC and other necessary documentations).
Revenue Stream: Sales of Rebagged/Repackaged grain product.


3. Competition

Like every other business or anything that has the potential to bring revenue, there would be others doing it, or thinking of doing it now or maybe later. Whatever the case might be, there is a lot of work you would need to do. Check to see the competition you have, what they are currently doing and how you can create an advantage with which you would compete in this market. Look for Niche areas where you could start supplying your resized Rice (2kg, 5kg bags). Think of school environments too.


4. Risks

Be sure to choose a supply that aligns well with your operational strategy. Your supply would need to be reliable and be as quality oriented as you should be and should not cut corners or supply you inferior or substandard product (grains).
You would need a strict quality assurance policy at your workplace in order to preserve consumer’s trust and the integrity of your NAFDAC and other regulatory approvals.
Poor harvest of grains by your suppliers can affect the availability of their supply and could have direct impact on your business too.


Summary

This week’s article has shared a possible opportunity in buying large volumes of grain products and repackaging it into smaller bags (2kg, 5kg), which could sell faster.


If there is any thing I missed out, feel free to comment, share your information or contact me, so we all can learn solve our problems together.

Thanks for following this series.

If you are just joining, you can catch-up on the previous articles following this link. http://agapedev.com.ng/category/resources/startup-series-for-nigeria/

Till next week, stay inspired.


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

Can't believe I just found this thread today

Nice thread. Following

Sibe007:
.....

Really great thread.
I'm impressed by the depth of your analysis and your flow.
Though a few of the ideas have some significant challenges in Nigeria that may be difficult to overcome, but again, overcoming challenges are an integral part of business. If the entrepreneur does more research and finds ways to overcome the challenges like MTN did when they were coming into Nigeria, he can have a major winner.
Kudos!
I'll keep following.

DonX001:


Really great thread.
I'm impressed by the depth of your analysis and your flow.
Though a few of the ideas have some significant challenges in Nigeria that may be difficult to overcome, but again, overcoming challenges are an integral part of business. If the entrepreneur does more research and finds ways to overcome the challenges like MTN did when they were coming into Nigeria, he can have a major winner.
Kudos!
I'll keep following.

Thanks for following.

Very true, all business would need good Research and Development. So a lot of commitment on the part of the intending entrepreneur.

One of the best informative piece I have ever come across on #land.

Thanks

Idea 16 of 52 - DIY (Do it yourself – Laundry Services)

1. The Idea

In some Cities in the Southern parts of Nigeria (I have not stayed in North in recent times), there are a good number of Laundry services providers, catering for different customers in different income brackets. Both the higher and middle class do patronize the services of Laundry service providers. Whilst some may have a washing machine in their homes, some others might just feel like passing such responsibility to someone else (preferably a Professional). If there is a complementary service attached, this could attract and encourage customers to use this. Students and some lower income households could also be catered for and may not have so much money to pay for the regular laundry services. Which leads to this week’s idea.

Idea Summary
The Idea for today is for the new startup to create a Do-It-Yourself type of Laundry Service where people can come with their laundry bag and are charged a certain amount per Kg. E.g 40-80 naira per Kg. So the customers can pay about 400-800 naira for 10 Kg of clothes they want to wash, then an extra 100 naira to use the drier. You could also make some revenue from selling detergents too. So instead of the customers to pay a Laundry service about 250-600 naira per clothe (though this normally includes ironing too), they can use about same amount to wash and dry about 15 pieces of clothing (depending on their weight). This will be good for students and those who live in crowded compounds that would not want to lose their clothes when they wash them and spread them outside to dry.

Business Operations
So the customer comes in, meets an attendant, weighs their laundry bag, pays depending on the total Kg, then the attendant assigns them to a free Machine. Gives instructions and directions to first time users. They finish, move on to the drier, get their clothes dry in like 5 minutes, Put it all back in their carrier bag, and off they go. They could also pay an amount to use the Iron, e.g 200 naira for 15 minutes, or however.

Careful thoughts needs to be put into this and the service provided should offer other added complimentary services that would encourage people to come use the DIY laundry house.
Complimentary services can include:
• Free Wifi : Customers can be working while they wait
• Free Library: Doesn’t have to be massive, a few books could suffice
• TV and DSTV
• Networking Opportunity

There are two (2) types of customers here
• The One who comes to do their Personal Laundry
• The regular Laundry guy with no personal machine of their own

With this setup, many young people can become employed, as they could open their own laundry practice even if they do not have their own workshop and Machine. They can charge their clients, pick up the Laundry bag, Get the Job done, and make their Pay.


2. The Business

Value Proposition: DIY Laundry services for personal use and a ‘work-base’ for intending laundry service providers.
Customer Segment: Students, and other young professionals, Low income homes too.
Distribution Channels: DIY Laundry House, dedicated phone line for inquiry and booking, sales team and customer service reps etc.
Customer Relationship: Direct
Key Activities: Laundry Services (Clothes Washing, Drying, and Ironing), Sales and Customer service
Key Resources: Sales team, The Work Equipment and facilities, management team, Sales Attendants and other support staff, etc.
Key Partners: Association or Union of Laundry service providers, Local Council,
Cost Structure: Workplace facility and equipment (Washing machine (not regular type), drier, Pressing Iron and tables/Boards, Detergents etc) Maintenance and other utility bills, Staff wages and Salary Bill, registration and licensing (Relevant council agencies and other documentations).
Revenue Stream: Payment for service usage, sales of detergents, payments from other complementary products provided.


3. Competition

Depending on your location, there may be competition from existing laundry service providers. But as for this type (DIY laundry service), it is still relatively new in most cities in Nigeria or even non-existent. You would need to understand the nature of the competition and how you will need to compete. If you open the first DIY in your City, be sure that new people would attempt to open theirs too, especially if you seem to be making good revenue.

4. Risks

This Business is driven mainly by the Washing machine, Drying Machine and the Pressing Iron, and so would be highly affected if any one of them goes faulty, so a regular maintenance check should scheduled and care should be taken to ensure that the customers are using the equipment in a safe manner.
So there is the Risk of equipment failure, Electric shock, Low customer patronage etc. But with good preparation and anticipation, proactive steps can be taken to mitigate the risks.

Summary

Students at Tertiary institutions in Nigeria would appreciate this, as they would not have to spend valuable doing their laundry, spreading it on a line and watching it against theft or some other person mistakenly taking it. This sort of center will do well in crowded residential areas too (Loads of Face me I face you). There’s more to this Idea, but this will be all for this week’s article.

If there is any thing I missed out, or any questions, feel free to comment, share your information or contact me, so we all can learn solve our problems together.

Thanks for following this series.

If you are just joining, you can catch-up on the previous articles following this link. http://agapedev.com.ng/category/resources/startup-series-for-nigeria/

Till next week, stay inspired.


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

It is wednesday

Idea 17 of 52 - Football Viewing Centre (300-500 seats)

1. The Idea

Football has grown to have a huge place in the culture of many Nigerians, who havegrown an affinity to the beautiful game, especially the European leagues and Cup tournaments.

Providing a 300-500 seater venue (AC fitted/Fans), which charges 100 naira per match, can be a source of revenue generation, seeing that there are an estimated 6-10 key matches every week, whilst the leagues are in session.

This will work best in crowded (highly populated) residential settlements. While there may already be some forms of this already being operated, you can break in with something that offers more and gives the football viewer a richer experience.

Features of the Viewing Centre could include these amongst others:
- Projectors and Screens
- VIP seats (They will pay more)
- TV screens
- Furniture (Chairs)
- Drinks
- Air conditioners/Fans
- Wifi
- Bouncers

Idea Summary
1) Get an ideal location (in a highly populated settlement)
2) Agree with the owner of the land for lease/rent agreement
3) Get necessary documentations and licensing
4) Setup your structure (think about ventilation)
5) Install facilities (projectors, TV, chairs, fans, Generators)
6) Advertise and Market your new business

2. The Business

Value Proposition: Convenient environment for football viewing with large number of people. The large screen would provide clearer picture and a stadium feeling.
Customer Segment: Football lovers, those in crowded settlements who may not always have power supply or be able to afford DSTV subscription.
Distribution Channels: Flyers, roadside display boards, sales and marketers
Customer Relationship: Direct and Mass
Key Activities: Football Screening, Ticket selling, advertising and marketing, customer service
Key Resources: Projector, DSTV box, TV screen, Centre structure (Tent, woodframed), Support staff
Security support, General Manager, Air-conditioner, Generator and fuel
Key Partners: Relevant government regulatory agency, Cable TV providers, Technical supporters
Cost Structure: Facility setup, DSTV, Projector, speakers, Ticket printing, Salary and wage bill
Revenue Stream: Ticket sales, venue rental fees (conferences and lectures), drink sales

3. Competition

• There are presently some bars in some neighborhoods that show football matches for free, for as long as you come in and buy a drink. These are going to compete against your business or else you work to get a clear competitive advantage.
• One advantage yours might have over theirs is the ‘No Smoking’ policy as some of these bars do have people smoking.
• If you use a projector and setup a large screen, it would be way bigger than theirs


4. Risks

• Your set up needs to be solid so that it would not be affected when rain falls which is the case with most of the cable TV providers whose signals are affected when it rains or when its very windy.
• The center would have lower business during the periods when the major leagues are on break, between June and early August. To ensure continued business activities, the center could be rented for conferences and lectures, depending on the location.
• Give more thoughts to challenges that might be peculiar to your own environment before jumping into this Business (Youth levies, area boys, insecurity, etc.)

5. Rough Financial Income Projection

If you have 150 people out of your 300-500 capacity, pay 100 naira per match, that is 15,000. And if you have average of 6 matches in the whole week, that is 90,000 a week, making at least 360,000 naira a month, and having that for at least 9 months as the major European leagues do go on break for at least 2 months in the year. So, 360 thousand naira in 9 months give 3,240,000 naira annually.

Bonus Income

Since most of the matches might be played at weekends, and from afternoon through till evening, the Centre can make extra revenue by renting out the facility for Conference meetings, Seminars and Lectures.

Summary

To successfully set this up, you would need to research properly and identify areas where you can save cost and reduce operational cost in order to increase profit margin.


Thanks for following this series.

If you are just joining, you can catch-up on the previous articles following this link. http://agapedev.com.ng/category/resources/startup-series-for-nigeria/

Till next week, stay inspired.


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

Two words:

Absolutely impressive.

Just in case anyone puts into practice any of the amazing business ideas here and would like to register a company or business name (the incredible thing about some of the ideas here is that you don't actually need a business name or company to start. You can start right where you are) please note that due to recent government reforms, the process of registering a business or company in Nigeria has been simplified and now takes a significantly shorter time. A business name and company can now be registered in less than 7 days. The actual time may even be 48hrs.

If you would like to register a company or business name or have any questions about business name or company registration you may contact me on 08068615703 or by email newslettersng@gmail.com

You may also want to read this article I wrote on the process of registering a company in Nigeria

Here's the link to the article http://chukwuemekalaw..com.ng/2017/03/registering-private-company-in-nigeria.html?m=1

My brother u just did a very good job. Our problem is not that there is no work, is just laziness and thinking the govt should give everybody job. Imagine yesterday my cousin was looking for where he can borrow money and pay for a govt job. 500k, ask me how much is the salary? 80k. I told him to bring the money if he has it let's do business, he was shocked looking at me. Keep it up, we need to open up our youthful brains to 21 century ideologies.

This is one of the best thread I have seen. I love your pineapple chips.

Idea 18 of 52: Boxer Shorts Business (Male and female)

1. The Idea

A good number of Nigerians, both males and more recently females use boxer shorts. An exact figure may not be readily available but it is very plausible that this number of boxer shorts users, are big enough for market consideration.

Just recently I came across a post on Nairaland.com by DKConcept, about starting a Boxer Shorts Business with just 5,000 naira. The Author went on to explain how the new Business man can travel to Aba or Onitsha in Nigeria, to buy already-made Boxer shorts for 200 naira a piece, package 3 pieces in a Nylon pack and sell the three (3) for 1000 naira. Thus making a profit of 350 naira on each pack of 3 (1000 naira) sold, i.e. Removing about 50 naira for the packaging (Nylon & Label). You could read more on this following the link at the end of the article.
N/B: Travel cost (to & from Market) would also affect the profit margin (travel cost could be spread on all items sold).

Today’s startup Idea is to encourage more people more people to look into starting their own Boxers shorts Businesses. You could go to the Market or wherever you can get the materials (Cotton, bed sheet materials, Elastic bands etc.) instead of buying already made boxers shorts. You would then meet your own tailor to make your own boxer shorts as you desire.

This might seem cheaper and could offer more in terms of profit margins but remember, you would need to pay your tailor, which is a new cost to put into financial considerations.


Idea Summary

1. Go to market (Wherever you can get the right materials at the right cost)
2. Buy the Nylons and other packaging related materials
3. Give materials to your tailor to sew as desired
4. Package and label your product (3 or 4 boxer shorts in one pack)
5. Sell! Sell!! and Sell!!!

The above summary is for those who would want to sew for themselves instead of getting already made boxer shorts from the market.


2. The Business

Value Proposition: Comfort and freedom provided by the boxer shorts when worn by the Customers.
Customer Segment: Males and females everywhere, Students, Youth Corpers, etc.
Distribution Channels: Retail stores, other departmental stores, Schools and University Campuses, Online Media outlets (Social media – Instagram, FB, Twitter, etc), Website, Distribution Depot, Dedicated phone line, Sales team.
Customer Relationship: Direct and Mass
Key Activities: Selling, Negotiating, Packaging, Sewing, Logistics, Accounting, Customer service delivery,etc.
Key Resources: Work related equipments (Sewing Machines, sealing machines, label printers, phone lines), Work force (Technical and non-technical staffs), delivery team and customer service support, etc.
Key Partners: Retailers, Traders association, Relevant government regulatory agency
Cost Structure: Transport cost to market, Initial materials purchase, tailoring charges, publicity and marketing, Salary and Wage bill, registrations and other necessary documentations
Revenue Stream: Boxer short sales

3. Competition

There are already boxer shorts out there that would compete against any new entrant into the market. You would have to do something different to standout. You may get celebrities or influencers as models to endorse your new product.
Remember people may have cheaper alternatives so you would need to do as much as you can to prove to and convince your prospective customers to buy from you.

Distinguish your product so you can attract and sell to distinguished Customers. Most of the work to win this would be in the quality of finishing and packaging.

Tip: Take your product to meet the customers (One distribution location to another, campuses etc.), don’t wait for them in stores.

4. Risks

As with every business out there, so it is with this. You could lose your customers if you buy inferior quality materials from the market. Do not be tempted to cut corners all because you are trying to save cost and increase profit margin.


Summary

You can start your own boxer shorts business today. Go through this article again, do as much independent research as you possibly can, then get on with it.


Thanks for following this series.

If you are just joining, you can catch-up on the previous articles following this link. http://agapedev.com.ng/category/resources/startup-series-for-nigeria/

Links

https://www.nairaland.com/3566510/start-own-boxers-business-n5



Till next week, stay inspired.


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

Sibe007:
This might seem cheaper and could offer more in terms of profit margins but remember, you would need to pay your tailor, which is a new cost to put into financial considerations.


Idea Summary

1. Go to market (Wherever you can get the right materials at the right cost)
2. Buy the Nylons and other packaging related materials
3. Give materials to your tailor to sew as desired
4. Package and label your product (3 or 4 boxer shorts in one pack)
5. Sell! Sell!! and Sell!!!

The above summary is for those who would want to sew for themselves instead of getting already made boxer shorts from the market.


2. The Business

Value Proposition: Comfort and freedom provided by the boxer shorts when worn by the Customers.
Customer Segment: Males and females everywhere, Students, Youth Corpers, etc.
Distribution Channels: Retail stores, other departmental stores, Schools and University Campuses, Online Media outlets (Social media – Instagram, FB, Twitter, etc), Website, Distribution Depot, Dedicated phone line, Sales team.
Customer Relationship: Direct and Mass
Key Activities: Selling, Negotiating, Packaging, Sewing, Logistics, Accounting, Customer service delivery,etc.
Key Resources: Work related equipments (Sewing Machines, sealing machines, label printers, phone lines), Work force (Technical and non-technical staffs), delivery team and customer service support, etc.
Key Partners: Retailers, Traders association, Relevant government regulatory agency
Cost Structure: Transport cost to market, Initial materials purchase, tailoring charges, publicity and marketing, Salary and Wage bill, registrations and other necessary documentations
Revenue Stream: Boxer short sales

3. Competition

There are already boxer shorts out there that would compete against any new entrant into the market. You would have to do something different to standout. You may get celebrities or influencers as models to endorse your new product.
Remember people may have cheaper alternatives so you would need to do as much as you can to prove to and convince your prospective customers to buy from you.

Distinguish your product so you can attract and sell to distinguished Customers. Most of the work to win this would be in the quality of finishing and packaging.

Tip: Take your product to meet the customers (One distribution location to another, campuses etc.), don’t wait for them in stores.

4. Risks

As with every business out there, so it is with this. You could lose your customers if you buy inferior quality materials from the market. Do not be tempted to cut corners all because you are trying to save cost and increase profit margin.


Summary

You can start your own boxer shorts business today. Go through this article again, do as much independent research as you possibly can, then get on with it.


Thanks for following this series.

If you are just joining, you can catch-up on the previous articles following this link. http://agapedev.com.ng/category/resources/startup-series-for-nigeria/

Links

https://www.nairaland.com/3566510/start-own-boxers-business-n5



Till next week, stay inspired.


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

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