₦airaland Forum

Pentools:
Hesitate not to have me in your mentions plsss.

Thanks!

Sure I would have you in the mention.

Pentools:
Nice one bellaberry, I must commend your detailing approach, truth be told I was expecting to see frying akara, hair dressing, sewing, designing n co....that's a wonderful list you have there.

However, the home lesson is quite lucrative but you doing yours for 10k is quite CHEAP, the least I know people collect is 30 per month, it's quite great but hectic when you have other stuffs doing.

Meanwhile I'd like to learn the 3rd tip, do you mind teaching?

Thanks!

Frying Akara, hair dressing. Lol. Those are overflogged businesses. Truth be told, that's what most women think once you mention business. Quite sad, cos we're in the computer age. People need to upgrade.

As per the third tip, sure! I don't mind teaching. I'm opening a thread tonight where I'll be teaching all on that.

Thanks for your input.

kachimoore94:
I think blogging can also go.

True. Very true.

However, with blogging, one will have to be unique. You'd have to chose a good niche - not all these Linda Ikeji wannabe kind of stuffs.

You'd also need good level of patience and active work to get your blog ranked in Google and other places before you can start reaping the benefits.

It's a mid to long term thing, however, very viable too.

Thanks for the contribution.

kachimoore94:
very nice and interesting

Thanks.

Got any other business suggestions?

As a way of giving back for the awesome things I’ve learnt right here on nairaland, I’ve been intending to write a little article on profitable businesses that people (particularly married women) can do from the comfort of their homes, but I’d been putting it off due to one engagement or the other.


Well, something bad happened in my compound last night (dirty fight between a husband and wife – story for another day) and I got spurred to write and post this here like yesterday.


Why am I writing this particularly for the married women?


It’s because I’ve realized (from personal experience and from talking to other couples) that after infidelity, money issues is the next biggest thing that causes strain, tension and break-ups in marriages.


If it’s not the woman asking for too much, it might be the man getting to such a point where financial strain takes the best of his temper and he’d start to unknowingly react to things the wrong way – leading to fights.


Believe me, I’ve been there, so I know where the shoe pinches.


For this reason, I am going ahead to share 3 profitable businesses that women like me (married or unmarried) can engage in that will enable them make enough personal income to independently sustain themselves.


If you can get just one these businesses right, you will be making enough and wouldn’t have to be running to your husband (or boyfriend) for money over little things.


To be honest, the men are trying. Let us (women) also try for ourselves. We’d be helping them to help ourselves, as well as get to keep a happy home, by so doing.


Without further talks, let’s jump right into it.


1. e-Currency Exchange Business:

This one is a very big one, albeit a risky one too – high returns goes with high risks, right?


The business involves buying digital currencies (paypal, bitcoin, payoneer, skrill, neteller, etc) from people looking to sell (mostly people who are into freelancing) and then add some margin on top (sometimes as high as N10 to N15) and resell to people who need these digital currencies for one reason or the other.


Example of people who need these currencies are importers looking to send money to china, students overseas looking to pay their fees, shippers looking to pay their logistics company, etc.


While adding just N10 might seem small on the surface, imagine buying $1,000 payoneer (for example) and sell to an importer with a margin of N10, that’s a profit of N10,000 you’ve made.


Getting the big picture now?


How to get started:

Open a thread on nairaland advertising your exchange services, then go to popular threads where freelancers hang out on nairaland like this one and [url=http//www.nairaland.com/2947212/exclusive-how-make-level-2]this one[/url] and offer to buy their money. Then you can sell on your thread.


The Challenges:

The challenges you will face in this particular business is that you might find it a big challenge to gain trust of freelancers. They might be scared of selling their funds to you.


2. Private Tutoring:

This is another easy business that you can do from the comfort of your home to make some money. Apparently, this one does not require much explanation.


All that’s needed here is to let parents around your neighborhood know that you offer after-school extramural lessons, and they will be coming to drop their kids after school with you. You can take the kids on Maths and English language.


The amount you charge per kid depends on a lot of factors, but the most important is the kind of neighborhood you are offering this services.


When I used to do this about a year ago, I used to charge N10,000 per child for a month, and believe me, parents happily paid that amount – they knew I was giving quality.


If you do this right, you can be generating a steady 30k to 50k monthly income. This should be able to take care of some of your needs as a woman.



How to Get Started:

Start by talking to parents around your area. Tell them that you have just started an after-school lesson program and that if they are interested in giving their children quality foundation, they can bring them over. Tell them your pricing and all.


You can take this a step further (like I did) and print a short advert and paste it around. Black and white ink on A4 paper should be enough. Nothing too fancy.


The Challenges:

It might be difficult finding a good number of kids to start off with. Also, depending on your area, you might not be able to find a good number of interested parents that will give you substantial amount of monthly income.



3. Data Reselling Business:

This is the one I am currently running at the moment after trying my hands on different things. I find this one to be stress-free, as well as very viable with minimal risk.


In case you are wondering what the business is all about, it is basically buying data at wholesale prices, adding a margin on top and then selling on retail.


If you are active on nairaland, you must have been seeing threads where people offer 1 GB of MTN Data that’s normally sold at N1,000 by the network at prices like N700. Those people are doing data reselling business.


The data that’s been sold at N700 is bought at a rate of N500 to N550 (depending on your source), meaning that they make a profit of about N200 to N150 per GB of data sold.


Imagine being able to sell data to 10 people a day. That’s a cool N1,500 to N2,000 profit in one day doing nothing but transferring out data from your phone. And I am actually being very conservative with my maths here. If you know how to go about your marketing in a smart way, you can easily make 20 to 30 sales daily. With that, a monthly profit of N80k to N100k is doable.


How to Get Started:

You can either go just the MTN SME data sharing route, where you’d be dealing directly with MTN, and selling MTN data only. For this, you’d need to put up some amount of money upfront, and you’d be limited to MTN alone.


The real deal breaker here for me is the need to be operating multiple sim cards when your client base starts growing. To overcome this challenge, instead of buying directly from MTN or other networks, you can be buying from third party online platforms that also sell to you at wholesale prices and then resell.


Examples of these platforms?


Sorry I can’t recommend any of these platforms to you, as most of the popular ones do have issues with money not being credited, airtime not being delivered to your clients, etc and I won’t want to be held liable or responsible when such issues happen.


Just do your research and you’d find out some platforms. Hope you understand my reasons though.


Challenges:

I’ve already mentioned some challenges to this business above; the messy need to be switching between multiple sim cards, bad third party providers, etc. However, these are not the biggest issues.


See, this business is VERY profitable (and I highly recommend you start with this business, rather than the other two) but as it is with every other business out there, there are obstacles you have to jump in other to reap the fruits.


One of such obstacles you are likely to face when starting out this business is the problem of trust. Being that you will be selling data to people over the internet, due to some unscrupulous agents turning the data reselling business into a scam-fest, it can be challenging getting people to believe you will deliver. Due to this, you’d have to find a way to position your services such that it will look credible in the eyes of your prospective clients.


Another bigger issue with this business is the crazy competition that exists. You’d have to employ smart marketing techniques to beat the competition – I don’t mean simply opening multiple threads on nairaland to “hawk” your merchandise.


See, though this is the easiest and most profitable business in this list that women (or anyone else reading this) can start with, but then your marketing will make or break you.


Marketing is where most people in this business who are not making up to N20k a month are getting it wrong, and this is where I was getting it all wrong back when I started that I got frustrated with making not up to 10k profits a month, and felt like quitting.


That was a couple of months back then…


Now, I have gone on to learn a lot of advanced marketing tips and tricks that has helped me unlock a blue ocean of clients. Getting clients has never been so easy for me. I now average around 95k to 120k per month doing just this business.


You can do it too. Just get started, remember, innovation is the keyword to make it big with this business.

Edit: for those sending PMs asking for resources they can use to learn the in and out of the data sharing biz, you can check this out.

The info there was the game changer for me.

You can also use Google to check for blogs or nairaland threads for info on the biz.


Conclusion:

There you have it. 3 big businesses any woman can do from the comfort of her home so as to build a consistent monthly income.
Now, reading this alone and sitting around wishing won’t put money in your bank account. You’d have to get off your chair and TAKE ACTION if you want to see results.


Wishing you success as you make the decision to take action to get that very well deserved financial independence.


See you at the top!

CC: Lalasticlala
Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy

Gift for "eclipse day"...

Any naija boy still looking up rather than down?

The FG is looking into it just incase you have not witnessed the eclipse yet

Even GEJ don vex

Eclipse things

No wonder he is no longer preforming. Living young, wild and free like uncle oluwasnoop? i see.

Nice to have the godfather back!!

Nice one!

Ewwwwww. I'm having goose bumps now. i hate snakes!

So he has finally woken up? Good to know.

moscobabs: Fool!!!!! wetin dis kind person dey find for Nairaland sef is not mature atall

Eya. Illiteracy is a huge disease. That's all! I rest my case!!!

To them gold diggers, court wedding it is anytime any day....

Good question. I'm subscribed!

A whizkid in the making. Nice one!

Nice one. This will make our thieving leaders at least watch their backs.

I use to have respect for this anonymous guys until now.

True confession. This is how so many innocent souls rot in jail. smh For NPF.

Na wah o. make them no stone the person wey sanction the sack calabar jazz o!

Nice efforts. This will go a long way to reduce the suffering of his people.

Now who be the bush meat, and who be the hunter?

why always aba? Baby factory, aba. human skulls aba....hABA!

lol. I'm sure lagosians will find this useful. Nice tips.

Uncle jona dey fear say them fit comot am too?

Abi uncle Ti dey put fear for their body?