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1. Idea Intro: Nigeria is blessed with loads of historic sites, or locations that hold some tourist value. In some Cities, due to the lack of sufficient leisure and recreational locations, many residents would most likely cherish the thrill of a well packaged day out to visit all the cool places in the city, take pictures, eat and make new friends on the trip. This differs from organising a visit to some natural attraction, mountains, water-falls, or hills. But this is a one day trip around a city, exploring great locations (with a tour guide). Case study example (Portharcourt) You do your research with the ministry of culture and tourism to know what is required before you get the approval to do such. Then you also check with them for good tourist locations the state/city offers and the access fees if any. If confirmed that this is possible and you have solid Idea about the cost estimates, there are more cost centres to be considered depending on the features/value you want to add to the whole experience. These cost include- Coaster Bus rental (Plus driver) Mobile Police escort (2 officers per Bus) (Very important) Photographer for the trip Food and drinks (Bole and Fish recommended + others) Marketing and advertising. Pass/Access fees to locations (Where applicable) T-Shirt for the trip (Optional) Moving forward From calculating the cost estimate for the entire trip, you can fix a suitable price to charge a customer for the entire trip. It is important to carry out some survey with the target customer, to get good understanding of the potential size of the market, the suitable pricing point for good profit margins, potential risks, and other possible limitations. Ps. Be creative in designing the customer experience and service delivery The plans is to visit some of all these places, stay for 20-45 minutes, take pictures, learn about the location, then get back into the Bus, then move to the next location. City Zoo (If functional) City Museum City major Mall If Portharcourt/Warri/Kadunna (The Petroleum Refinery) Beachside Leisure park Etc.
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Idea 35 of 52 – One day City trips
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mixter:Thank you very much. |
Obviously a joke |
We are now okay with such Mediocrity |
2. Competition: When one starts a business in Nigeria and seems to be doing well, it does not take long before others join as long as there are no strong barriers to enter the market. So whether you are the first mover, or you are the one following, it is important for you to play up any competitive advantage you have. Being creative in your packaging, presentation and overall customer service can be the differentiation you will need to compete. 3. Risk: The business environment in Nigeria can be very unstable and unpredictable. As mentioned earlier, the competition will always be there. Something else that can happen is that, you could be chased out of a spot you sell from by the owner only to be replaced by someone who would do same Business as sponsored by the owner of that spot. Our labour laws are not so strong so there are a number of risks in a Business that can be hard to mitigate or could cost you more to fight any injustice done. One good way to mitigate against risk is to prepare for uncertainties, acquire sufficient knowledge where possible before making major business decisions. 4. Summary: You too can join in on the big food market in Nigeria and start feeling stomachs and bringing smile and happiness to people. Interested? Read more on this from google, ask questions, start and keep learning ways to do better. For more information, comments, questions or feedbacks, get in touch. Twitter: Follow @Mrebis Email: mrebis1@gmail.com |
You can search on google and you will find numerous links on how to start your own small chops business. I do believe that everything is possible and with the required knowledge and passion, one can break into this market. Idea Steps In no particular order - Find your market, be sure of your demand. - Choose your suppliers, understand your supply chain - Produce/package/Serve your product Growing a Business, just like grooming a tree, takes time and would need patience. Do not jump in on this just because everyone else is. Sacrifice some (Volunteer) Go on Eventbrite or any events listing site, or lookout for events around you. Contact the organisers and offer to sponsor their event with a few packs of small chops, depending on your capacity. This can get you through the door, then you do your marketing once you are in. Go to the event with business cards, or brochures. Move around to establish connections with those at the event, asking them for feedback on your small chops. Build the rapport and be expectant because the good you would have done that day by giving your small chops for free, will come back to you in one way or another. Churches and Offices In most churches in Nigeria today, there are a number of people doing one food business or another which they sell at the close of service. Some of these are Peanuts, Zobo, chin-chin, jollof rice, small chops etc. Check around you to see which of the churches with a good number of members are yet to have someone sell small chops at the close of service and seize the opportunity. Some offices are not left out. Be sociable and make as many connections as you can, as that can open more opportunities for you to sell your small chops.
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1. Idea Intro: There are loads of events happening weekly in Nigeria most of which would always have some form of refreshment. For the events where something light is preferred, Small chops seems to be the ‘go to’ package. From trainings and seminars, to surprise parties/get together, cell meetings, corporate hangouts/meetups. All these present an opportunity for the diligent food business person to make some revenue every week no matter how small.
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Idea 34 of 52 - Small Chops
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Must not be more than 26 years, No Job for people like us again?? |
How do these people reason sometimes, Blaming the national assembly for the agitations?? If you run the country well, will people even have time to be agitating. Many are jobless and need to be reasonably engaged |
Good news, still an opportunity |
Good one!!! |
OKay?? |
Idea 33 of 52 – Buy Lands along planned Rail routes “The Trains are coming” 1. Idea Intro: Very recently, I read where the Nigerian Minister for transportation mentioned the plans already on-going for completing some rail projects before the end of 2019. This he said was done to help in the Nation’s resolve to reduce the heavy reliance on Petrol for the distribution of goods and services from the different points of entry to where they are needed. Below is an excerpt from the Bloomberg publication: Abuja - Nigeria has started a $41bn railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country and to ports. “The plan we have now will go to every nook and corner,” Transport Minister Rotimi Amaechi, 52, said in an interview in the capital, Abuja. Seeing that the funds for these projects will not be coming entirely from the Nigerian Government, but mostly from loans provided by the Chinese EXIM bank and would also not be carried out by Nigeria contractors, it is safe to say, these projects would actually be executed. General Electric is also involved in some of the Projects. The Idea here is the opportunity to get an idea of the planned routes of the rail lines and buy lands around those routes. As the presence of functional cargo and passenger rails will consequently bring about some development along those routes especially the ones where there would be train stops. The cost of purchasing the land would not be too expensive as of today, and the price would definitely go way up by 2019 when the rail projects are completed. Buy now, sell later for many percent return on your investment. Some planned rail routes • Second railway line connecting commercial capital, Lagos, and Kano in the North. • Line from Abuja to the southern oil hub of Warri by 2018 • Lagos to the South-eastern city of Calabar • Railways linking the coastal cities of Port Harcourt and Lagos with the North. 2. Competition: As you are reading this today, some people must have already thought of this, and others might think of this later. Either ways, you will not be the only one who would be gunning for this. Unfortunately or fortunately, depending on your connections or the forces working in your favour, there is the Land use act of the federal government and most cronies of the Nigerian government will be more advantaged to purchase the land as the Nigerian law authorises just a few people to be able to sign to approve your purchase (temporary occupancy) of the Land. 2. Risk: Government regulations in Nigeria could easily affect your investment in this. Even when you have gotten the Certificate of Occupancy for a piece of land in Nigeria, the law empowers the Government to be able to take over your land when they need to even before the expiration of the time specified on your C of O. It is often advised to seek rather for gazetted lands that have been excised to the Community to now control. Be sure to understand all these properly before going any further with buying any land property in Nigeria. 4. Summary: In two years, 2019, some rail lines will be completed and with this will be some communities more connected and new lands will become more valuable. Buying some of those pieces of land along rail routes will attract some great revenue in the near future when these areas are more developed or better connected to the rest of Nigeria. For more information, comments, questions or feedbacks, get in touch. Twitter: Follow @Mrebis Email: mrebis1@gmail.com
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Idea 33 of 52 – Buy Lands along planned Rail routes
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Sad.... Cool Guy..From way back in Uniben |
2. Competition: As you the barrier of entry to this business is very low, you can be sure to find competitors soon, but taking the lead to start in your environment and putting your work out there can put you ahead and give you first mover advantage. Your creativity and overall quality of service delivery can give you that competitive advantage as you will be competing with the option of the consumer having what you offer for free. They can also source for the tyres, find ideas on the internet, paint and have their designs by themselves. So you would need to be unique, creative, show competence and offer great customer service. 3. Risk: Government regulations about tyres and how they are disposed can change at any time and could affect such business. So one would need to be fully aware of the Policies that relates or supports the disposal of Tyres which are a core part of this Business. 4. Summary: This is an awesome opportunity to create a business for yourself by upcycling used tyres as doing this will both offer a more environmentally friendly application of the used tyres as well as create employment and generate revenue. For more information, comments, questions or feedbacks, get in touch. Twitter: Follow @Mrebis Email: mrebis1@gmail.com |
1. Idea Intro: In some parts of Nigeria, people do burn used tyres. There are studies, which shows that such practice does have harmful effects on general public health. There is a better way to put these used tyres to more productive uses. Here lies this week’s Business start-up article for Nigeria. Tyres Upcycle There are a lot of awesome examples on Google, just a search away that can inspire you on what can be done with used tyres. Some pictures are attached below. You can purchase a few used tyres, which would be cheaper to buy seeing that they are not very usable. You can volunteer to design the garden or exterior of a public premise. Take some pictures of your work, post on social media with your contact details, and get busy with bookings. There are loads of use cases which you can find on the internet for both indoors and outdoors designing. Get creative, innovative, and start being productive. Simply do a Google search on ‘Tyres upcycle’, you would see something like this below.
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Idea 32 of 52: Tyres Upcycle
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Idea 31 of 52: Cattle Ranch 1. Idea Intro: It is a common sight around Nigeria, seeing herdsmen with their herds grazing as they travel around Nigeria. This practice has led to a number of issues which has resulted in loss of lives and properties arising from the ensuing conflicts. One of these issues are the menace of cattle rustlers (armed thieves) who attack these herdsmen and cart away their cattle. Another issue is the destruction of farms by the cattle in situations where the cows graze on farms, costing communities and farmers a lot. This has generated bad blood and badly affected the way many communities in the south of Nigeria perceive and relates with the herders. There have been fatal clashes as a result of this. There have been sightings of wandering cows in city centres across Nigeria, at the federal capital territory, at Airports, in Schools (classrooms). At some point in the very near future, Nigeria would pass legislation to ban open grazing nationwide. Some states have begun considering and even adopting the ban. This would create an opportunity for individuals, private firms and even the government to either make provisions for lands for grazing or leave it open to private investors to create their own ranches. A cattle ranch does not need to have a lot of cows as you can start yours with just a few. You can go to the Northern part of Nigeria and buy some calves (baby cows), I learnt they are way cheaper in the North. You will incur some cost (the men on the highway) in taking them down to your ranch location in the South of Nigeria where you will have more access to pastures. There will also be need for veterinary care in order to have healthy and well-nourished Cattles. When they are fully grown, they are worth hundreds of percent more than the buying cost, though not forgetting the overall cost of feeding and veterinary care. These can offer a lot, Meat, Leather – from their skin, Milk, another cow (off springs), their blood can be dried and used as fish feeds because it is rich in proteins, their bones can be dried and grinded which is used in the make-up cosmetics industry. [b]2. Competition: [/b]Cows and their numerous by-products are always in demand and so creates vast opportunity for more players to compete in this trade. There are elites who invest in Cattle and entrust them in the care of the herdsmen who faithfully raises and leads them in grazing. Soon, before or after an outright law bans open grazing across Nigeria or limits them to certain grazing reserves, some of these elites would most likely start up their own ranches and with more funds and government support they could become very strong competitors. However, nothing directly stops a small cattle ranch operator from being in business as the demand will always be there. [b]3. Risk: [/b]If there be a time where the small cattle ranch operator finds it difficult getting grass or food for the cattle, maybe due to restrictions or government legislations; that can be risky to business survival. Unstable government policy remains a risk to any business in Nigeria. [b]4. Summary: [/b]There is an opportunity which one can seize now or wait till legislation is made to give more juice and backing for the easier and more profitable establishment of such cattle ranches. Thanks for following this series. Till next week, stay inspired. For more information, comments, questions or feedbacks, get in touch. Twitter: Follow @Mrebis Email: mrebis1@gmail.com
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Idea 31 of 52: Cattle Ranch
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GenghisAlexa:Yeah, one thing is for sure..... Some organisms were here before humans and will outlive us No need to live in fear, there is an inevitable end to life on earth via this earthly body. |
oaroloye:Even till now?? And you know this Gospel that has never been preached?? How do you mean? |
A lot of Christians in Nigeria believe that when the gospel is preached to the whole world then the end of the world will happen. I believe the whole world heard the gospel and the end came! Proof: Four Verses, just four! Introduction Luke 2:1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed. Question: Was all the world taxed? what world was taxed? hold that thought. The Prophecy Matthew 24:14 And this gospel of the kingdom shall be preached in all the world for a witness unto all nations and then shall the end come. Question: has this verse been fulfilled? Let's hear Paul Romans 1:8 First, I thank my God through Jesus Christ for you all, that your faith is spoken of throughout the whole world. Question: which whole world? Colossians 1:23 If ye continue in the faith grounded and settled, and be not moved away from the hope of the gospel, which ye have heard, and which was preached to every creature which is under heaven; whereof I Paul am made a minister; Thought: Every creature under heaven?? hmmm... Conclusion #The whole world heard the gospel. The end of the world is a subject for another day. #Think #AskQuestions |
You can also be proactive to meet with event organisers, or student association leaders, hopefully with actual physical samples you would have done, then establish the network so that when they have need to print bulk shirts, you would be considered. You can also offer them kickbacks for each job they bring as an incentive. Competition: The suppliers are already there, the competition is alive, the ocean is red, therefore you will need to differentiate yourself very well or the ocean will consume you. You should choose good quality suppliers for your Tees, buy samples, wash them to see if the colours fade. Test the quality before committing to that Tees supplier. Having great designs can also be of good competitive advantage. Risk Making sure there is a demand before printing on the Tees can help mitigate the risk of storing up inventory that may not sell. Also testing for quality as well can help build trust with the customer and can eliminate the risk of dissatisfying the customer. Bad customer service can be very detrimental to this business as with others too. Have good and clear return or refunds policies. Summary: There is money to be made in the Tee shirt making business. You can jump in on this, rather than staying idle. Ensure you learn as much as you can about this, before starting. Thanks for following this series. Till next week, stay inspired. For more information, comments, questions or feedbacks, get in touch. Twitter: Follow @Mrebis Email: mrebis1@gmail.com |
Idea Intro: You can start your own Tee Shirt business. All year round, there would always be need for customised tee shirts for different occasions. For burials, church events, student weeks at higher institutions, corporate organisations outings, outreaches and campaigns, the list goes on. The demand will always be there, and so is the supply. You can try to have your own share of the Tee shirt business industry in your city with prospects of teaming up with other logistics companies to deliver nationally or even globally. How to go about it To go into this, as with other businesses, you will need to be very committed and focused as much as you can in order to be able to lookout for and seize opportunities to provide supply for Tee shirt demand even before the demand arises. If you cannot afford your own Heat press machine which is used in printing on the Tees, you can do a google search or ask around to find the ones in your city. If you leave in Southern Nigeria, and want to keep margins down, you could consider going to Aba or Onitsha where you can get the Tees for cheap and have more options for printing on them. Create the Demand, get the demand, the make the supply Be sure you have the market before you make the prints on the Tee shirts, so that you do not waste one of the most important resource in this business (The Tee shirt). There are websites where you can create Tee shirt samples online, save the picture or screenshot it, then you advertise maybe on your facebook or Instagram, just to arouse interest and create the demand. As they place their orders, you will go to work on fulfilling them. Real Life Application Nigerians are very religious people, and so you can take advantage of this to cash in. Recently there was a midnight praise (halleluyah) challenge organised by a Nigerian Gospel singer named Nathaniel Bassey which saw online attendance of over 60 thousand participating. A word trended from this exercise, Olowogbogboro (roughly translated as, the mighty outstretched arm). Below are some Tees that were made, and the maker would only have to just make a sample (softcopy), share on social media, and arouse demand from excited prospective buyers, then cash out when order is fulfilled. You could also pick any religious sounding text, print on a sample shirt, and share the design on your social media, and wait for the demand.
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IDEA 30 OF 52: START YOUR TEE SHIRT BUSINESS
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topsam1:Thank you very much.... |
Idea 29 of 52: Monetise your Skills (Skillshare.com) 1. Idea Intro: Are you skilled and looking for ways to make extra revenue? Do you know you could prepare a class, record a video of the class and put it on skillshare.com; this would allow you earn revenue as people watch your class. You do not have to do any publicity as skillshare.com is a community of ready members from all over the world willing to learn if what you are offering is something of valuable interest. What skills can you share? Dance, Disc-Jockeying (DJ), vocal lessons, Nigerian languages, Cooking skills, How-To tips and tricks (e.g How to use your phone to do this and that), piano or guitar lessons (with a Nigerian or African twist), Hair plaiting or weaving, make-up classes, and the list goes on. Real Life Example John Obidi of SmartBcamp recently said he received payments monthly from skillshare for a class he put up (On how to use an app on your phone to make text on image posts for instagram). Something he said seemed so easy and not too complex, but well, people, majority not Nigerians are taking his class and he gets paid in dollars. So, somebody somewhere in the world might be interested in learning how to dance some Nigerian dances (etighi and the rest). If you can prepare, package and present the dance class in a great way (detailed step by step video), you can get some good revenue as people take your class on skillshare. Your skill can make you money on Skillshare.com, and yes foreign currency too. 3. Competition: While there are a loads of classes on Skillshare, yours can standout by you just tweaking it to add some African uniqueness, which could make it more appealing to some non-Africans. Also do not feel like people already know what it is you are offering to teach, just do it, you will be amazed at how many people would love to learn what it is you are teaching. 5. Summary: Take advantage of the skillshare.com platform to share your skills with the world. Just prepare your class in a well presentable and structured manner, and start getting paid as people take your classes from all over the world.
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fourfunmi:Been having challenges in posting, Dont know if I contravene any rules, and I do not know how i would ever know. When I make a post, it gets deleted. Mods help me... |