Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,167,406 members, 7,868,198 topics. Date: Saturday, 22 June 2024 at 12:58 PM

What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop (14476 Views)

What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop / What Type Of Lucrative Business Can One Start With #500,000 / What Bussiness Can I Do With #2m (2) (3) (4)

(1) (2) (Reply) (Go Down)

What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by seegobe(m): 7:56pm On Jul 23, 2014
My fellow NL. A close pal was given half a million. And he need advise, What business to do with d money without opening a shop.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by kaposky(f): 10:39pm On Jul 23, 2014
You can do the Oil and gas business that just landed Nigeria
without you owing a petrol station or a tanker.

Just watch this video here www.b i t.l y/350kseminar (Type it into your browser as one word to open)

to have an idea of what am talking about:

You can pocket a t least N350k a month doing this business right here in Nigeria and other countries.
The seminar is coming up this saturday 26th July, 2014 in Lagos.
Contact me using my phone no in my signature link below for details on how you can
be part of the business training and the venue for the seminar also.
There is no too much talk.

Watch the video again at www.b i t.l y/350kseminar (Type it into your browser as one word to open )

Happy reading.

Its only for serious minded people.
You can contact me to know new dates for the seminars on oil and gas both for Lagos state and other states in Nigeria.
check my signature for my phone number

1 Like

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by embassyman(m): 9:46am On Jul 25, 2014
i need info on this too, kindly let me know
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by IjusDey: 5:37pm On Jul 27, 2014
You can start a clothing store online via such platforms as "JUMIA market place" or KAYMU, so you won't need a physical shop. They will list your items on their website for free and send someone to pick up orders from you when customers place orders for your products. I can supply you in bulk different dresses, bags and shoes for women at an affordable wholesale price. contract me on 08186839494. Thx
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by TRADELYN: 5:40pm On Jul 27, 2014
seegobe: My fellow NL. A close pal was given half a million. And he need advise, What business to do with d money without opening a shop.
Business is not what you read on papers...
well, we could have you as one of our distributors for a fast moving product needed daily by ladies/women. Profit margin is 50% and the product is from London. A free sample would be given to you for assessment. We will bear all the risks and provide you the necessary advice to succeed. If interested, we need to first assess your ability/commitment...see our profile for our contact details.

1 Like

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Jacupel: 8:09pm On Jul 31, 2014
@op, your pal could invest in a network marketing business if he/she is open to the idea. I can introduce the person to a network marketing company that started operations in Nigeria in 2012(Established in the Philippines in 2006). So far so good, there has been no bad review about them. With an entrepreneurial spirit and good communication skills, the sky is the starting point at this company. You can contact me on: jacupel.uwa@gmail.com for more info.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by iameffiong(m): 1:26am On Aug 01, 2014
Have u tot of forex? $500 will earn u $1200 in 2 months. That's all I have to say, quote me if u want more info
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Networkingprof: 8:32am On Aug 01, 2014
The more you have to start, the more you have to lose. Starting out in business is not about so much money, its about so much an experience. Keep your money and engage only 10% to start with hardwork, then stick to this. I am experience in sales, and thats what I will naturally encourage someone else to. Cheers.

7 Likes 1 Share

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by newacca: 8:52am On Aug 01, 2014
seegobe: My fellow NL. A close pal was given half a million. And he need advise, What business to do with d money without opening a shop.
Ask him these questions:

What skill do you have?
What do you like doing, even if you aren't getting much money from it?
What societal problem do you like to change if you are chanced?
What major essential commodity people will always 'want' and 'need' in his community? ( there is diff. btwn want and need)

He should be able to come up with some ideas basing it on the fund he has. Though he may come up with ideas that are far beyond his capital, but he can always choose the ones that are around his capital or raise little more to it. Moreover, he can start small and grow big.

My advocacy in the recent time is Agribusiness. Either straight farming or through the value chain: farming, processing, packaging, distribution or retail. Do Agric,it pays!

4 Likes

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by iameffiong(m): 7:36pm On Sep 23, 2014
All u need is a working gmail account, e-currency acct (okpay acct) and 2300naira. That's all you need coupled with good communication skill for networking and you won't regret it.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by arbitrage: 11:38pm On Sep 23, 2014
iameffiong: All u need is a working gmail account, e-currency acct (okpay acct) and 2300naira. That's all you need coupled with good communication skill for networking and you won't regret it.

That communication skill for networking means he is going to be talking or rather marketing to people to convince them about a product or service. Right?

2 Likes

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by bajugbajug(m): 3:50am On Sep 24, 2014
.

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Ucheaaron(m): 4:41am On Sep 24, 2014
Hello friends, Are Your thinking of owning a Bulksms portal or Starting a Bulksms Business but scared to get stucked in a very restricted or will I say rigid reseller system with no consideration for you and a strict design policy that makes each website look almost the same only for the name to be different??.. and being forced to stick to one sms provider who is making you buy sms units at a cut throat price?... This is my story, I have been a victim of this too..! I bought an ebook from Jide Ogunsaya of ogbongeblog.com for N4000 on how to set up a bulksms website, just to discover that led me to having a "rigid" sms reseller store with smslive247.com - you can check it here www.giffysms.com! I had to buy my own domain name, pay them etc.. Men that was the worst business I have ever gotten into! I was stuck with having a 'green' website when I was not so much a green fan. I was also stuck with buying sms at a cut throat price the same with normal users even as a reseller, the last stroke came when I discovered that all their resellers had the same website partner! Well as Will Smith will say in 'Hitch' -"This is the information I feel Obliged to pass to my fellow Men". The truth of the matter is get a website that you are the boss!, where you can decide to paint blue now and red later..., or decide to use MTN now and Glo later instead of just sticking to just Visafone (no offense pls!) Check out what you will get with this Offer:

==>You will have absolute control of your Website (from the design to the color to every other aspect of the web site, e.t.c)

==>You will have total control / access to the control Panel and the website’s Backend / Administrative end,

==>You will get 1000 sms to any Network Free to kick-start your Bulk SMS Business,

==>You will get an online payment module to accept payment online with any stress... even when you are asleep,

==>You can Use any Gateway You choose to use, Initially we will give you free of charge a gateway we also use, which cost N5,000 to set up.

==>You will have a GSM Number Generator installed for you to generate active phone numbers to start publicizing your business

==>You will have your face book fan page integrated with your Bulk SMS site to connect you fans,

==>You will have the jealously guarded “call-me-back” software installed for you to get phone call request from your clients / customers to discuss business.

==>You will have Google Adsense integrated into your portal if you are on adsense! so you could earn more money!!

==>You will also Get sample SMS Proposals for free (mind you these proposals cost N1000 each)!!!

==>You will be buying sms for a Flat rate of N1.30 per sms, from 1 sms and Above,

==>And above all you get 247 support in case of any challenge!

==>Note this is for just N13,500 only for the first 50 persons and I mean 50 persons only!!!
For More Info call Me on 07036179993 or visit www.brainzsms.com . "I will rather be a fallen Hero, Than wish I tried!"
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Tunagee(m): 9:18am On Sep 24, 2014
seegobe: My fellow NL. A close pal was given half a million. And he need advise, What business to do with d money without opening a shop.


Robbery

1 Like

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by easypee: 10:44am On Sep 24, 2014
You too can invest in the Oil & Gas sector with a small start-up capital. There are many avenues of doing this that have now been exposed in this new, fully comprehensive 100-page e-book making waves.

See proofs of how the author made Millions of Naira implementing the same ideas exposed in this e-book: “Make Millions Investing in Oil & Gas” (Copyright, 2014). Promo price = N2,500. (Original price = N5,000. So act quickly).

This is no gimmick. The e-book is academically and professionally written to be practical. It shows step-by-step instructions of how to implement all the ideas shown so that you don’t make any mistake. The book also allows you to reach the author directly after purchasing it so you can work with him if needed to achieve your goals to financial freedom.

One of the ways of investing in Oil & Gas described in the e-book talks about partnering with an Oil & Gas firm in the USA. Many people still don’t know that they can make serious income monthly from this business as a nation-wide distributor of their product or act as a consultant for them by visiting companies to negotiate contracts on their behalf. The book will show you the 3 different ways you can do this. Many don’t even know that there are bankers, practicing medical doctors, lawyers and many more professionals doing this business quietly and making Millions of Naira from it yearly part-time.

The book will show you proofs of how the author joined this company and what he did to prosper in the business in just 3 months.

Order a copy send your name and e-mail address to 08121547560 or to pioustrade@gmail.com. You will receive the company account details to pay to. Pay and within 15 minutes of the payment being confirmed via text alert, you should have the e-book in your e-mail. If you have any problem downloading it, contact us.

Remain blessed.

1 Like

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by OMOSOFEF: 12:25pm On Sep 24, 2014
If you can spare just three days you can do tomatoes business
Here you get 100% return on your investment if you do it right.

This is how it is done

Let me tell you how much you can make from this business drawing from my experience.

A basket of Tomatoes sells for 1400 naira to 1600 naira from the farmers



A basket in Lagos sells for 4000,

Gain on one basket = 4000-1600=2400

Total gain on 500 baskets= 500 x 2400 = 12 0 00000



Expenses

1 finders fee 20000

2 baskets at 250 = 250 x 500 = 125000

3 loading = 10,000

3 sellers percentage 10% =225000

Transport and feeding 50000

Total expenses 410, 000



Net gain 1200000 – 410000

N790,000

Get more detail from

www.skinreviving.com/tomabiz.htm

2 Likes

Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by dammylarey(m): 1:31pm On Sep 24, 2014
1.buy yourself a good laptop (500gb-700gb hard disk,4gb ram,2gb-4gb processor) like asus cost 100k
2.good 4g lte internet modem like swift,smile..etc depending on your location for 20k with a month subscription
3.website and blog to start promoting your business cost 15k
4.join freelance sites,affiliate website etc at 0 cost
5.create enough time everyday to visit the different links
6.place advertisement on google adwords,adynamo,facebook,local newspapers like punch etc with 50k monthly

within 6 months you'll be $$$$$$

but you have to learn lots of skills like contents writing for website and blog , copy writing, sales letter etc

also don't put your eggs in one basket:
do Forex - invest $500
and more i can't tell you now except you are down with this profitable venture.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Lesgupnigeria(m): 4:01pm On Sep 24, 2014
At least you can start cassava,plantain or watermelon plantation with no opening of shops.
Check my articles for more information on any lucrative agribusiness you can venture into.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Networkingprof: 10:37am On Oct 01, 2014
1. Join vemma free of Charge and advertise your business to people online.

2. You can also join pill-based Networking Marketing company, such as Greenlife, Fohow Nigeria, where you will earn continual residual income Earn N6,350 on each person you introduce to Greenlife business, with time, you earn N6,350x4, and then N520,000 at a particular stage in the business. Thats just The beginning, so to say. Chech here http://greenlife-products..com/, then http://fohownigeria..com/

Where to start from scratch

First, buy N25,000.00 worth Quantum body analyzer and take your business to churches, social gathering, meetings and other communal gathering, then make continual income and earn from the commissions that comes from buying the products. You also earn from what people you introduce to the business buys.

Finally, make more money from the team you have built

Tell people the business and investment aspect of your business. It is simple, you see, the three business that will not fail you is housing, clothing, food. So food supplement is auxiliary to food, as long as people keep consuming dead food, flour and cooked which is our modern trend, they will keep having problem.

And you will keep being in business. Because you are caring for the feedback to the wrong eating habits and lifestyle of the urban or modern people, when their system starts to malfunction because they don't have dietary discipline.

How much do you need to start?

Not so much, all you need to start with in Greenlife for instance is just N32,000. With Fohow: N48,000, with Trevo: N34,000, with netmax.Vemma.com (vemma) N15,000. These businesses are so cheap to start, then you build your network.

You don't need more than N50,000 to start, but the problem is, you will struggle more than that amount just to decide for it.

call 08097174000 once you decide for it.
Thanks.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by aydott(m): 6:13pm On Oct 01, 2014
iameffiong: Have u tot of forex? $500 will earn u $1200 in 2 months. That's all I have to say, quote me if u want more info
How do one go about this? I need info
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by megabyte90: 8:43pm On Oct 01, 2014
Please don't freak out: have you heard about football betting? I don't mean it in the gambling sense i meant it in the trading sense. Here is what i mean, there is a special way to place bets without the need to worry about the outcome because whatever the outcome you will always profit, and it is impossible for you to lose your capital, yes i mean impossible. The only challenge is that huge capital is needed; for example if you trade with 100k you will make a minimum of 4.5k profit a day and 130k a month. You will double that if you double the capital and so on. Aside the challenge of capital and internet connection you have nothing to worry about, it is risk free. If you need more info pls let me know.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Pluslargent(m): 10:37pm On Oct 01, 2014
megabyte90: Please don't freak out: have you heard about football betting? I don't mean it in the gambling sense i meant it in the trading sense. Here is what i mean, there is a special way to place bets without the need to worry about the outcome because whatever the outcome you will always profit, and it is impossible for you to lose your capital, yes i mean impossible. The only challenge is that huge capital is needed; for example if you trade with 100k you will make a minimum of 4.5k profit a day and 130k a month. You will double that if you double the capital and so on. Aside the challenge of capital and internet connection you have nothing to worry about, it is risk free. If you need more info pls let me know.

hmm sounds very intresting..but how loss proof is your claim my bro?
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by megabyte90: 7:55am On Oct 02, 2014
Pluslargent:
hmm sounds very intresting..but how loss proof is your claim my bro?

It is 100% risk free and it is consistent provided one have access to the internet.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by Nobody: 12:43pm On Oct 03, 2014
megabyte90 post=/post/26794558:


It is 100% risk free and it is consistent provided one have access to the internet.

Bro share d idea here for everyone to learn. You can be of help to some players here.
Thanks in advance.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by megabyte90: 4:58pm On Oct 04, 2014
jonahmonda:

Bro share d idea here for everyone to learn. You can be of help to some players here.
Thanks in advance.

The only reason the system works is because it is not known to everyone, and the reason i posted something about it is to see if i can get one of those few Nigerians who doesn't because of the fear of scam look down on opportunities.
for full discussion, mail lekkytub90@gmail.com
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by iameffiong(m): 3:51pm On Oct 06, 2014
aydott:

How do one go about this? I need info
. Good day, the way things are going on presently in ukraine, I will advice you exercise some patience as the insurgent over there will affect funding and withdrawal of and from your broker. But there is another business you could start up with lesser amount of $11.5. For more info, mail me iameffiong@gmail.com. God bless
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by francesc10: 2:24pm On Oct 07, 2014
megabyte90:


It is 100% risk free and it is consistent provided one have access to the internet.
I'm interested.
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by chrisiyke1(m): 2:28pm On Oct 07, 2014
If you’re really serious about starting a business, these 12 steps will help get your business up and running before you know it.
in Article, Career 13 mins ago 0

12 Steps to
Startup
After repeated attempts at squeezing your square self into a round hole, you’ve finally admitted
it isn’t going to work—you’re just not cut out to be someone’s employee. You want to say
good-bye to the corporate world and embark on a journey toward the greener pastures of entrepreneurship.
And that’s where we can help. Come with us on this 12-step journey toward business
ownership. From helping you think of a business idea to creating your business and marketing
plans, these 12 steps are sure to set you on the right path.
1. Take a Skills and Interests Inventory
Begin a soul-searching process to determine which business is right for you. You’ll definitely
have an advantage with a business that’s a spin-off of your background or experience. You can
also enjoy success in an area where you have strong interest yet lack experience, though you
may need to qualify yourself through entrepreneurial training or professional certification programs.
Jot down the skills that already exist in your talent bank. What do you like to do with your time?
What technical skills have you learned or developed? Do you have hobbies or interests that are
marketable? It might help to create a personal resume that lists your professional and personal
experiences as well as your expertise. For each job you list, describe the duties you were responsible
for and how successful you were at each. Be sure to include professional skills, educational
background, hobbies and accomplishments that required expertise or special knowledge.
Don’t forget the personality factor. Are you outgoing and friendly or do you prefer to keep to
yourself? Do you like working indoors or outdoors? Do you enjoy working with the general public
or with a few close clients? Do you love working 24/7 on an exciting project, or do you enjoy
your downtime as much as your work time? Every business has its own personality, and your
own personality should be a complement to the one you finally choose.
You should also talk with others in businesses similar to the ones you’re considering about the
traits and temperaments needed to be successful. Find out what they really like about the businesses
they’re running and also what they don’t like. Compare their responses with your own interests
and personality to see if there’s a fit. Don’t stop searching until you find an idea that couples
your love for the work with your marketable talents.
S t a r t u p
2. Research and Evaluate Your Idea
Many people have great ideas, but their businesses flounder in the marketplace because there
really isn’t an audience for their product or service. Thorough research will help support expectations
about a business’s success as well as uncover any potholes in your thinking. Ask yourself
these questions:
�� What problem does my product or service solve?
�� Who will buy my product or service?
�� Why will they buy it?
�� Where will they buy it—specialty shops, department stores, mail order, online?
�� What do I need to charge to make a healthy profit and will people actually pay that?
�� What products or services will mine be competing with?
No business—particularly a small one—can be all things to all people. The more narrowly you
can define your business and your target market, the better. So it’s crucial that you create a
niche for yourself in the marketplace—it’s the key to success for even the biggest companies.
Wal-Mart and Tiffany’s are both retailers, but they have very different niches: Wal-Mart caters to
bargain-minded shoppers, while Tiffany’s appeals to upscale jewelry customers.
To find out if your business idea has a chance of succeeding in the marketplace and to help you
create an effective marketing plan, you’ll need to do more than just answer the questions listed
above. You’ll also need to conduct more formal market research.
First, meet with a consultant, talk to a business or marketing professor at a local college or university,
These sources can offer guidance and help you decide exactly what information you need to gather.
Generally, you’ll need to collect information on three crucial aspects of your business: industry
information, target market and your competition.
You can dig up trends, statistics, surveys and other data from
S t a r t u p
3. Calculate Your Costs
It’s critical to determine how much cash you’ll need to open and operate your business before
you hang out your shingle. To keep your business running smoothly in its startup phase, you’ll
need enough capital to cover all expenses until you reach the break-even point. Many experts
recommend new companies start out with enough money to cover projected expenses for at
least six months. It’s foolhardy to expect to generate revenue immediately—it’s best to play it
safe and plan for all contingencies.
Create a checklist of expenditures. These suggested tips will help you get started:
�� List the equipment, furniture, supplies and people needed to operate your business.
�� Itemize startup costs for inventory, signage, sales and marketing literature or tools,
research and product development, licenses, permits, operating capital, and legal or professional fees.
�� Calculate your monthly overhead for rent, supplies, utilities, business and health insurance,
taxes, Internet access, shipping and other services.
�� Factor in your salary and employee or contractor wages.
Refer to industry-specific startup books and resources for additional costs that may apply to
your respective business type. As for determining accurate cost estimates, a good rule of thumb
is to assume everything will cost more than you expect, so pad your numbers in order to create
a safety net. Tally and double-check the numbers before you begin writing your business plan
and searching for startup funds.
4. Write Your Business Plan
You gain an advantage by building your business on paper first. A business plan’s value goes
beyond its ability to help secure a loan package for you. It’s a working document that helps you
prepare for opportunities as well as difficulties.
Just as you wouldn’t start off on a cross-country drive without a road map, you shouldn’t embark on your new business without a business plan to guide you. A business plan won’t automatically make you a success, but it will help you avoid some common causes of business failure, such as undercapitalization or lack of an adequate
market. You’ll find weak spots in your business idea that you’ll be able to repair. You’ll also discover areas with potential you may not have thought about before—and ways to profit from them.
There are three primary parts to a business plan. The first is the business concept, where you
discuss the industry, your business structure, your product or service and how you plan to make
your business a success. The second is the marketplace section, in which you describe and analyze
potential customers: who and where they are, what makes them buy and so on. You’ll
also describe your competition and how you’ll position yourself to beat it. Finally, financial section
contains your income and cash flow statement, balance sheet and other financial ratios,
such as break-even analysis. This part may require help from your accountant and a good
spreadsheet software program.
Writing a plan forces you to think through every aspect of your venture. Only by putting together
a business plan can you decide whether you should proceed with your idea or look for a new
one.
5. Identify Sources of Startup Financing
Once you’ve decided on the type of venture you want to start, the next step on the road to business
success is figuring out where the money will come from to fund it. Where do you start?
Most entrepreneurs self-finance their businesses through personal savings, credit cards, second
mortgages, or loans from friends and family. You may also be able to match your qualifications
with a microloan:
Although there’s no such thing as “free money” for small businesses, there are some cash
awards, prize money and minigrants offered by a dwindling pool of organizations
1 2 S t e p s t o
6. Choose a Business Structure and Name Your New Business
Of all the decisions you make when starting a business, probably one of the most important is
the type of legal structure you select for your company. Your structure can make a big difference
in how you pay taxes (how much and how often), raise money, handle lawsuits, or dissolve or
pass on the business. Will you operate as a sole proprietorship, partnership, corporation, S corporation
or limited liability company? Because each business form comes with different tax consequences,
you’ll want to want to make your selection wisely and choose the structure that
most closely matches your business’s needs. If you’re not a tax or legal expert, you should seek
advice from a professional on how to pick the structure that’ll best manage your liabilities.
Also important in the success of your business is the right name for your new venture: The right
name can make your company the talk of the town; the wrong one can doom it to obscurity and
failure. If you’re smart, you’ll put just as much effort into naming your business as you did into
coming up with your idea and writing your business plan.
An effective name will establish your marketplace presence, convey what you do, and create a
memorable impression. Thumb through phone books, DBA filings, directories and The Trademark
Register to research names already in use or similar to yours.
Conduct a business name check in the nearest CAC office near you
7. Work Through the Startup Paperwork Maze
Visit your city’s “first- or one-stop” business center—you can usually find it through the government
listings in your phone book or through your local chamber of commerce. These offices can
provide information about licensing, permits, your particular business type, and running a local
business in general. Find more information at your local
You should also speak with an experienced insurance agent about purchasing a business owner’s
policy (BOP) and any additional coverage that will protect you against lawsuits and natural
disasters. You need to make sure your business is adequately covered so you don’t lose your
shirt.
8. Develop Your Marketing and Customer Service Plans
Without marketing, no one will know your business exists—and if customers don’t know you’re
there, you won’t make any sales. When your marketing efforts are working, however, and customers
are streaming through the door, an effective customer service policy will keep ‘em coming
back for more. So now it’s time to create the plans that will draw customers to your business
again and again.
A marketing plan consists of the strategies and devices you’re going to use to communicate to
your target audience. A customer service plan focuses on your customer’s requirements and the
ways of filling those requirements. The two work in concert.u p
Descriptions of your market and its segments, the competition and prospective customers
should be in your business plan. This is the start of your marketing plan. Based on this information,
you can begin choosing the communication channels to use to get the word out about your
business: radio, TV, billboards, direct mail, fliers, print ads, etc. Then prioritize your tactics and
begin with the ones that your research has shown to be the most effective for your audience.
For example, a TV repair service’s marketing program may be supported mainly by paid advertisements
in the phone book, since “Television Repair” is one of the most often looked-up headings
by homeowners.
For your customer service plan, think about what it’ll take to develop relationships with your customers
that can be mutually beneficial for years to come. Since repeat customers are the backbone
of every successful business, in your customer service plan, you’ll want to outline just how
you’re going to provide complete customer satisfaction. Consider money-back guarantees, buying
incentives, and the resolution of customer complaints. Determine what your customer service
policy will say, how you’ll train your employees to attend to the needs of your customers and
how to reward repeat customers. Remember, this is just the beginning: Your program should
evolve as the business grows.
9. Court Your First Customers
You have a profile of the end user of your product or service. Now’s the time to get in the habit
of “talking up” your business—telling everyone you know about it. Ask for referrals from colleagues,
suppliers, former employers and other associates. You can improve the quality of your
referrals by being specific in your request. For example, an insurance broker developed a successful
referral network by asking existing clients if they knew anyone who was “in a two-income
professional family with young children,” rather than just asking if they knew anyone who
needed insurance.
Consider offering free consultations or an introductory price to first-time buyers. Consider joining
forces with a complementary business to get them to help you spread the word about your new
venture. For example, a carpet cleaner might offer incentives to a housecleaning service if
they’d recommend them to their regular customers. Once you’ve done work for a few satisfied
customers, ask them for a testimonial letter to use in your promotional materials
S t a r tu p
10. Develop and Hire Your Support Team
Even if you think of yourself as a one-person operation, you’ll need a team of support people to
help you create a successful business. From contractors and suppliers to advisory board members
and employees, each of these individuals can help make or break your new business. Start
networking—with friends, family, business associates, the professionals in your life—to widen
your network and choose the best people for your team.
Your advisory board can include a mix of professional peers, legal or financial advisors, or mentors.
You need to develop a network of advisors whose talents, knowledge, resources and skills
can be used to help you handle the demands of your business. Besides providing you with
sound advice, the collaborative talents of your team can also help you obtain larger projects and
grow with your clients’ needs. Meet with them a few times a year to solicit their professional
feedback.
If you need to hire employees, consider interns, students or part-timers as your first-time hires.
If you think you won’t need permanent employees in the beginning, you can also look into temporary
services and independent contractors. If you’re planning to hire someone on full-time,
however, remember that the employees you hire can make or break your business. While you
may be tempted to hire the first person who walks in the door “just to get it over with,” doing so
can be a fatal error. A small company just can’t afford to carry deadwood on its staff, so start
smart by taking time to figure out your staff needs before you begin looking for job candidates.
11. Execute Your Marketing Plan
If you took our advice in Step 8, you’ve already created a marketing plan designed to help you
spread the word about your business. Now’s the time to establish your marketing infrastructure. You
work against yourself when you’re not prepared to respond to opportunities that result from your
marketing efforts.
Your stationery, business cards and marketing materials should be ready for distribution. If your
customers can reach you via e-mail, set up auto responders to handle their queries. Have a phone
system in place that allows customers to easily get in touch with you. Develop a Web site that offers information on your company and its products and services. Whatever response methods buyers can use to contact you, you should have materials that can be sent via those same mediums.
Jump into action: Mail a press release to the local media announcing the opening of your business.
Do a joint mailing with other complementary businesses to widen your reach. Beat the
deadline for your Yellow Pages ad, and talk with your manufacturer about co-op advertising opportunities.
Take advantage of all free directory listings. Contribute an article to a trade journal.
Send out special offer postcards to prospects. Create a coupon offer. Make a speech at a networking event. Track the results of your devices by asking all respondents how they heard
about you. Whatever you do, don’t just sit back and wait for business to fall into your lap. Despite popular opinion, if you build it, they will not just come! You’ve got to get the word out and keep working your contacts in order to attract customers to your new business.
12. Hang Out Your Shingle
You’ve done all the legwork. All your permits and licenses are in hand. Your dedicated business
line is set up with a professional voice-mail greeting. You’ve marked the calendar with a few
prospect meetings and networking events. You’ve got your shelves stocked and even a few
projects lined up. Now it’s time to open your doors to more opportunities and much success as
an entrepreneur!
This e-book was adapted from an Entrepreneur article by O. Chris Iyke
Copyright (c) 2010 schoolwebng.com. All rights reserved.
Source: http://www.schoolwebng.com/article/youre-really-serious-starting-business-12-steps-will-help-get-business-running-know/
Re: What Bussiness Can Someone Do With 500,000 Naira Without Opening A Shop by coolscott(m): 5:08pm On Oct 07, 2014
I believe I can help you. Just visit. www.facebook.com/myforexsolution

They will give you 30% on your investment every month. I advise you only put aside $1,000 for this

(1) (2) (Reply)

Flutterwave Triples Valuation To Over $3 Billion In A Year, Raises $250 Million / Legalwealth Handled This Well in the End / The Most Important Skills You Will Need As An Online Entrepreneur

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 110
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.