Lucrative Businesses in Nigeria That Make Millions of Naira

Lucrative Businesses in Nigeria That Make Millions of Naira-In a time, when majority of youth in Nigeria still think waiting on the government to provide employment is the focus at the center, here is a list of businesses you can decide to venture into if you truly want to be independent. Thank us later.

1. Fast Food business – You need decent customer service, management skills and capital in order to set up an eatery and make sure that everything runs professionally. You can set out on your own and create your own brand, or buy in to an already established business franchise, such as Tantaliser, Tastee Chicken.

2. E-commerce – This is a very promising venture and the best thing is, you will have all the tools and
customers over the web. If you do not have the required knowledge, you can collaborate with an
established firm to operate your e-commerce enterprise.

Benefits are – Low start-up costs, changes can be made instantly, the potential customer reach, and you can easily measure results with cost effective online marketing.

3. Construction business – Business is booming in Nigeria, and so is our population. To support this
growth, Nigeria now has a booming construction and housing sector.

The range, type and size of projects is huge, so there are plenty of opportunities depending on how much capital you can invest. If managing a construction project isn’t for you, you can set yourself up as a local dealer to supply building materials. The investment is not as huge, but considerable investment will be required initially to buy and stock materials. But you can be assured that there will be no shortage of business.

4. Hotel business – This is a goldmine industry if you can get it right, but the competition in this
sector is quite high. To launch and maintain your hotel you will need a large amount of capital. It
takes planning, patience and hard work to start a hotel business. A high-level of customer service skills is also required to attract new and returning visitors.

5. Kerosene retail – You can set yourself up as a supplier to make your millions quickly. Kerosene is
used in most homes in Nigeria, and Africa due to inconsistent power supply. This is one of the most lucrative business opportunities in Nigeria. Entrepreneurs have been known to receive 100% returns on their initial investment.

6. Rice farming – Is the most profitable area in Nigerian agriculture. Nigeria has a low local
production of rice, but an extremely high consumption rate, which leads us to import the
majority of our rice from overseas. Recent reforms in the Nigerian agriculture sector have seen the government open up the sector for more investments to support small, medium and large-scale farmers.

7. Haulage services – Given the poor rail transport system in Nigeria, most of the goods are shifted by
road and this makes the haulage business in Nigeria extremely lucrative.

8. Snail rearing – This is one of the business ideas in Nigeria that needs low investment as
snails require simple vegetation to eat, and they reproduce at an alarming rate. You will need to
invest in housing and protecting them, as snails are delicate, and must retain their moisture to survive.
There is not much competition in the industry and you can enjoy making profits without many
challenges.

9. Car and machinery spare parts – As Nigeria’s, economy grows, so does our manufacturing industry. This has driven a rapid increase for capital goods such as machinery, lubricants, spare parts, ball bearings and other mechanical goods and accessories. The key is to find a good supplier from abroad. UAE-based enterprises have emerged as the leading supplier of these goods to many countries in Africa.

10. Poultry farming – This is big business, and you can begin with around 100 birds, and build it
into a large-scale enterprise within a short period of time. You can make money from selling chicken eggs, or chickens for meat. This is a top business startup idea.

11. Transport business – Although a little messy at present, it is a profitable sector in Nigeria and
can help you make millions annually.

12. Fruit Juice Making – This is a capital-intensive business, but if you can manage the funds you can grow as big as Chivita or La Carcella given how much Nigerians love their fruit juice.

13. Tokunbo trade – Business of second hand items in Nigeria is very lucrative and many Nigerians want to spend as little as possible to buy second hand items such as clothes instead of buying new ones.

14. Dry Cleaning & Laundry – Float a professional dry cleaning business and keep your rates low and
service quality quite high. This type of business is especially profitable in a big city, or urbanized area.

15. Pure Water Production – Although this business needs some capital investment, it can be worth your effort and money in the long run particularly if you can manage pure water production and keep the quality intact over a long time. Your options are to sell as sachet, bagged or bottled water.

16. Professional Car Wash – This can be a good business if you choose a location like Lagos where
you will be able to find a number of good cars.

17. Internet Business – You can provide fast Internet connection at affordable monthly rates and manage it well enough to make tons of money.

18. Nursery and Primary School – There is a lack of good schools in the country and you can set up
high quality nurseries or primary schools to make millions of Naira.

19. Online tech support – You can easily set up an online tech support business and make a lot of
money within a year or two of your business launch. This is a simple business and you do not
have to be a tech expert to operate in this sector.

I’ve known people set up these types of businesses, and outsource the work to tech professionals and many of them abound on the internet space with myself as a case in point.
.
20. Furniture business – A lot of profits await you in the buying and selling of furniture. You do not
have to be a carpenter to do this. You can simply contact trustworthy carpenters in your area and
arrange a steady supply of furniture items to display in your showroom. This is a big scale
enterprise due to the fact that only a few people can afford imported designers.

Conclusion

All of these business ideas have great potential, and the ability to help you generate millions, but
remember the success is in the planning , and your ability to execute your plan.

There are also some key elements that you must assess before committing to any business venture. Once you have all of these elements in place, you are only a few steps away to becoming your boss.

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How to use Paystack for payment Quick and Easy

Paystack is the payment processor of choice for some of the fastest-growing businesses in Nigeria. Here are 12 reasons why you should use Paystack. How to use Paystack for payment Quick and Easy

  1. Start accepting payments instantly

Paystack is the quickest, easiest method to start accepting online payments in Nigeria. Once you sign up, after a few minutes, you start receiving payments.

  1. Simple, transparent pricing.

Paystack only charges a small fee per transaction, which means they only make money when you do, and they try to ensure every transaction succeeds.

  1. Delight customers with a seamless payments experience

Paystack allows your customers to use any medium they want to pay you. It gives them a stress-free transaction.

  • Card
  • Bank Account
  • Bank Transfer
  • USSD
  • Apple Pay
  • Visa QR
  • Mobile Money
  • POS
  1. Enjoy phenomenal transaction success rates

We mechanically route payments through the foremost optimum channels guaranteeing the highest transaction success rates in the market.

  1. Protect yourself and your customers with advanced fraud detection

Paystack’s combination of machine-controlled and manual fraud systems shield you from deceitful transactions and associated chargeback claims.

  • PCI-DSS-certified systems
  • Automated fraud monitoring

When a Paystack business user is frauded, all other Paystack users is being protected from further attempts.

  1. Build custom payments experiences with well-documented APIs

Developers love our thorough, well-documented APIs that permit you to create everything from weekend projects to complicated money merchandise serving many thousands of customers. If you’ll be able to imagine it, you’ll be able to build it with Paystack.

  • Collect a one-time payment from your app or website
  • Make instant transfers
  • Retrieve all your transaction and customer data
  • Verify the identity of customers

Check here for More Businesses that will enable you use paystack

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How To Create Facebook Group Page

How To Create Facebook Group Page-I will guide on how you can create a Facebook group page on this online tutorial. Before we go on the steps on how you can create a Facebook business page, understand that creating a Facebook business page and creating a Facebook group page are two different thing. When you understands the two different you will appreciate it better.

When you create a Facebook group page yourself from your Facebook account in order to become the admin of that group, when you create the group and becomes an admin, you will have a full control of the group, you can share any commercial or business packages to the group members, you can add or reject request sent by members, approve post that is made by members on the group and you can as well remove a member.

Meanwhile, which ever kind of group you want to have, be it any business group page, news group page, prayer/church, seminar or tutorials group just know that the steps to create a Facebook group page of any kind are all same and you can follow the steps below.

How To Create Facebook Group Page-www.Facebook.com

In order to create a Facebook group page of any kind, you have to sign in on your Facebook account, because is through your Facebook account that you can create a group, you cannot create a group outside your Facebook profile account.

  1. Tap on www.Facebook.com on your phone or mobile phone number
  2. on the Facebook sign in homepage, enter your username and password, then click on “Login” and your right there on your Facebook account.
  3. After you sign in your account, click on the “Create” in the top right side of your Facebook homepage and select group.
  4. Then enter the name you wish to use on the group, add group members using their names or email addresses, choose the group privacy setting.

When your done with the above steps your Facebook group will be done and you can start adding group members and making more persons admin to enable them add more group members.

How To Create A Facebook Account

If you are yet to have a Facebook account, you need to create one for yourself, so you can be able to create a Facebook group page. Follow the steps below and create your account.

  1. Visit www.Facebook.com
  2. Click on the “Create A New Account” link
How To Create Facebook Group Page
How To Create Facebook Group Page

 

3.Enter your first name, surname, mobile number or email address, New password, date of birth, gender.

 

4. Then click on “Sign up” by clicking sign up, you agree to our terms, data policy and cookie policy.

There are more things Facebook account can offer you, you can use Facebook business ads manager account to promote your business, Facebook personal profile to chat and meet new people all over the world and more.

You have any questions? Use the comment Box Below

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How to become a data analyst

In a field that is ever-changing that of data science, a career path that is relatively simple to comprehend is that of a data analyst. In the end, an analyst in data science does what it says as analyzing data. Searching for how to become a data analyst from scratch, read this article to the end.

The process of analyzing data can be described as something that we do daily. Each of us is constantly learning and learning new data (data) and coming to various conclusions and making multiple decisions based on that (analysis).

In the simplest sense, the role of a data analyst is to collect data, organize it, and then make well-informed (or findings-based) choices based on the results.

More like what one would find on the job description: Is an analyst in data analysis is accountable to understand the trends and patterns that are discovered in huge data sets, and translating this information into conclusions based on behavior or projections, presenting these to other stakeholders, and eventually informing, if not determining, the direction and decisions of an organization.

Data analysts are frequently employed by companies to aid in the development of or improve the efficiency of business processes.

This guide will walk you through the steps needed in becoming an analyst and provide a full description of the position as well as salary details and the outlook for future employment.

What is a data analyst?

Data analysts collect information and apply it to aid companies in making better business decision-making.

A data analyst gathers data on specific subjects, and interprets, analyzes, and reports on findings in extensive reports.

A variety of different kinds of businesses employ data analysts to gather and analyze information.

As specialists in their field, data analysts are frequently required to utilize their expertise and tools to help competitive analysts and spot trends within the industries.

A data analyst is comparable to a data scientist, however, they’re not the exact same job and are usually not the ones who develop the algorithms that are used in the discovery of data and for acquisition.

Instead of creating their own data projects, analysts are often faced with particular business challenges by using tools, systems as well as data sets.

Both fields share a similar objective: to figure out the best way to utilize data to answer questions and resolve issues for the benefit of their company or industry.

What exactly does an analyst of data do?

Data analysts translate trends, numbers, and trajectories to easily digestible data. Companies collect information (i.e. inventory figures, sales figures and market research, profits margins, logistics costs, and transport costs).

Data analysts’ job is to analyze that data and make use of it to assist companies in making smarter business decisions.

The primary goal of the role of a data analyst is to address problems that cost companies money as well as to aid in making choices to grow the company’s operations.

A few examples of the basic duties of a data analyst are:

  1. Estimating market share
  2. Setting a price for new materials to be put on the market
  3. Lowering the cost of transportation
  4. Sales timing
  5. determining when to add or cut back on the workforce

Data analysts are accountable for collecting, manipulating, and analyzing data. Data analysts employ systematic methods using standard formulas and methods to analyze relevant information.

They usually prepare reports that outline the findings of their research.

Data analysts can do basic statistical calculations, like the variations and averages that occur for the same product for a specific time.

They also estimate yields and analyze the frequency distribution of data that is continuous.

They utilize the traditional methods for collecting data, analyzing, and reporting in the course of completing their duties.

Data analysts are always vigilant about protecting the company’s data and make sure that their data findings provide consistent, repeatable guidelines.

How to become a data analyst from scratch

First step:

Get a bachelor’s degree in statistics or computer science.

For the best chance of setting yourself to be successful within the area of analysis and data, you should consider getting a master’s level degree related to the subject.

A particular education in the analysis of data is a good choice, either computer science or information technology, and a minor in (or at the very least, taking classes in) the applied sciences of statistics and data analysis.

You should also take computer science courses that focus on project management and database management. Locate a career advisor or counselor who is familiar with the career path of a data analyst.

Step 2: Gain data analyst experience

It can be difficult to get work in the field of data analysis when you do not have prior experience.

Internships while at school are an ideal method to gain knowledge and provide knowledge about further skill development and education.

Yet, many tech-related professionals start with entry-level jobs, which include posts such as a technician or statistical assistant.

These positions provide work-based knowledge and training. Attend as many classes as you can, specifically those that focus on and incorporate analytic software and big-data management.

Knowledge, experience, and a desire to learn can help you reach the level you’d like to attain and earn the credentials sought in hiring professionals.

3. Enhancing your career, consider the possibility of completing a master’s or certificate course

A degree with a higher level of education will provide many opportunities for employment and ways to improve your professional career.

Employers require candidates to possess an extensive knowledge base and know the most recent technologies and tools.

Think about a master’s of data science or data analytics or management of big data. These programs generally offer access to the most recent software from the top experts in the fields.

A lot of universities work with companies to develop teams, internships, and capstone projects. You provide valuable real-world experience while earning an advanced degree.

Do you feel apprehensive about the cost or commitment needed to earn an entire master’s degree?

Certificate programs are a different alternative and can be a great academic launchpad. The certificates are intended to provide you with a thorough knowledge of the subject within an incredibly short amount of time.

There are exceptions and variations however you’ll be able to get an award in about 12 months.

There is no need to earn a certification in data analytics or visualization in particular, as you can also pursue certificates in the field of business analytics as well as statistical analytics for predictive purposes, visualization of data as well as a myriad of different options.

To give an example to illustrate, the University of Washington offers a Certificate in Data Visualization on their website or on its Downtown Seattle campus.

In just nine months and in three courses, you’ll be taught Data Visualization Theory, Data Visualization Presentation and the art of Decision Making Through Data Visualization.

You’ll learn about the most commonly used tools for creating visual representations (Microsoft Excel as well as Tableau) as well as you’ll be able to master understanding and visualizing the designs of data patterns built upon ” visual cognition and perception.

Job description for a Data Analyst

  • Find out the questions being asked and determine the possibility of having those questions answered with data.
  • Find out the technical aspects of the collection and analysis of data and report on design.
  • Find new sources of data and strategies to enhance data collection analysis, reporting, and analysis.
  • Gather, analyze and present data in order to satisfy business requirements.
  • Differentiate between patterns and trends.
  • The report should be comprehensive and reproducible.

Skills required to become an analyst of data

As with other analysts in the field of business, data analysts usually have strong technical skills backed by a solid understanding of the industry.

They are aware of the relationships between the various databases of an organization as well as data sources.

They collect data using complicated queries, as well as advanced methods and tools for data.

Conclusion

What you’ve seen above is a complete guide for you on how to become a data analyst follow through with every bit of what is written above to get all you need as a data analyst

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How to start investing in Tesla stocks

How to start investing in Tesla stocks in Canada-2018 was a huge year for Tesla Motors, but the company has also made some big moves in its short history, including launching one of the biggest IPOs of all time and moving forward with an acquisition that’s potentially worth billions.

It’s no wonder everyone from individual investors to financiers around the world are waiting to hear what Tesla’s got up its sleeve next. Are you among them? If so, you’re going to want to read on for more information about how to buy TESLA stocks in Canada, as well as how to buy TESLA stocks in general.

How Does The Market Works?

The stock market is where investors buy and sell shares of publicly traded companies. When you buy a share, you become a part-owner of the company.

The value of your shares will go up or down depending on how well the company does.

If people are buying more shares than they’re selling, then the price goes up because there’s more demand than supply. If people are selling more than they’re buying, then the price goes down because there’s more supply than demand.

It’s also called a bear market when prices are going down and investors are pessimistic about the future of the company.

On the other hand, it’s called a bull market when prices are going up because there’s optimism about the future.

What Is A Stock Exchange And How Do I Use It?

A stock exchange is a marketplace where stocks (pieces of ownership in businesses) and other securities are bought and sold. You can use a stock exchange to buy or sell stocks, bonds, and other securities.

In order to trade on a stock exchange, you must have an account with a broker who is registered with that particular exchange. The brokerage company provides the tools needed to create orders and execute trades.

When opening an account, it is important to determine which exchanges will be most useful for trading your desired securities. For example, if you want a comprehensive list of companies from around the world, you might want to open accounts at several different exchanges so that you can access these markets.

Why did I choose Tesla?

I choose Tesla because I believe in the company’s mission and vision. I also believe that Tesla is one of the most innovative companies in the world and that their products are changing the way we live and interact with our environment.

Finally, I think that Tesla’s stock is undervalued and has a lot of potential for growth. The electric car industry will continue to grow in popularity as it becomes more affordable and accessible than ever before.

Furthermore, there are many other sectors of the market where Tesla is making big waves such as energy storage, solar panels, and batteries.

That said, Tesla’s stock may not be right for everyone. If you’re considering buying TESLA shares, do your research and make sure this investment is right for you.

Conclusion

In conclusion, the above are the three main methods that can be used to buy TESLA stocks in Canada. However, it is always important to make sure that the stock you invest in is not overvalued as this will lead to high losses. Remember also that investing requires patience and discipline. Make sure that you have a long-term goal and stick with it.

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How to Start Laundry Business in Nigeria

The laundry business is also known as the dry cleaning business is the process of washing, drying, and ironing clothes for individuals and organizations. The laundry business is a lucrative business in Nigeria. You can make lots of money washing people’s clothes for them. Learn how to Start Laundry Business in Nigeria following the steps below.

Laundry is a profitable low-risk business, that is no fear of losing. Anyone can do laundry business, students can use it as part-time work to make ends meet.

The laundry business is very important.  Average Nigerian leaves home as early as 5 am in the morning and returns very late at night, Most work from Mondays to Saturdays and Sunday is the only available day.

The tight schedule makes it difficult to create time for washing clothes. That is where a dry cleaner comes into the picture.

Essential Equipment needed to start laundry business

How to Start Laundry Business in Nigeria

To start any business, there are some important tools needed for the smooth running of the business.

  • Laundry detergent
  • Washing machines
  • Washing Basins
  • Pressing Iron
  • Ironing table
  • Cloth Hanger
  • Starch
  • Water
  • Table clothes
  • Clothes dry rack
  • Generator
  • Packaging Nylon and tags
  • Shelves

Steps to starting laundry business

There are things to consider before starting a laundry business. Let’s take a look at some of these things

Step 1: Find A Good Location

A good location is very important in any business. Location can determine the sales of a business. It is advisable to find a less competitive place. If you can find a place where the laundry business is not competitive, it will be good.

Consider locations in open places. Locations that are close to the road where people can notice your business and see what you are doing. The location should be a busy place where people going and coming from work pass through.

Your location should also be, that is places where people are living. Your location determines how you charge people, if you are in a place dominated by rich people, then you will charge more money, your rent can also determine how you charge.

Step 2: Get a business name and Register your business

You need a unique name that will serve as your brand name.

You might need to register your laundry business with Corporate Affairs Commission (C.A.C.), this is not compulsory, but it is important, so as not to lose your brand name to another business.

Step 3: Buy all necessary equipment needed to start a laundry business

Your next step is to acquire all the necessary equipment you will need to get your laundry business started. The equipment you buy will

depend on which scale you want to operate on. If you do not have enough money to buy all the equipment you can buy the ones you can and start small.

Step 4: Offer additional services

You can offer additional services apart from washing clothes, such as washing bedspreads, curtains, rugs, carpets, and other household items to boost your profit.

Step 5: Market your business

At this point your business is ready to take off, all you need to do is market your business. This is how you get customers and ultimately maximize your profit.

Step 6: Switch Delivery

Never let your customers run after you before delivering their clothes, make sure you deliver on time.

How to advertise a laundry business

• Use A Sign Post

Put a banner outside your shop to let people know what you do.

• Advertise On Social Media

These days, people spend most of their time on social media, you can use that medium to tell them what you do, by chatting them up and posting on your WhatsApp status, Facebook, Twitter, etc.

Word Of Mouth

Tell people you know, urge them to patronize you refer their friends. Some people do not read banners, fliers etc. Therefore, they won’t know what you do until you tell them

Go to offices, churches, schools and inform them of your services.

• Fliers

 

Print fliers and share in your neighborhood, paste banners around your neighborhood if it’s allowed.

• Offer Promos And Discounts

People love it when you offer them discounts, they tend to patronize you and even refer their friends, offering a discount like 20% off.

• Do home pick up and delivery

You can offer to pick up your customer’s clothes and deliver them after washing. This makes your customers think about you first whenever they need dry

How to Set Up A Low Budget Laundry Business

 

One good thing about Laundry is that you can start it at the comfort of your home with no capital. if you don’t have the huge capital required for a standard one which usually requires a washing machine and could take hundreds of thousands.

You can go for a DIY (Do-It-Yourself) laundry business. It is called DIY because it deals with the local dry cleaning method, which refers to using hands to wash clothes.

 3 Reasons Why You Should Open A Laundry Shop

1. Good Source of Income

It is a good source of income, especially for students who do not get much money from home can venture into a part-time job.

2. Simple Yet Profitable

The laundry business is one of the simplest businesses to do. It is easy to start a laundry business.  It does not require you to have any license or qualification to get into this business. It’s also very profitable.

Laundry is also very important because the demand will always be there. Its seasonal type of business, it a basic need for people to have clean clothes.

• Helps Takes Stress Off

Most Lagos residents, leave home very early in the morning and return home late at night. It goes like that from Monday to Saturday and Sunday is the only available day.

By going into a laundry business, you help take the stress off these people.

Conclusion

The laundry business is a very profitable business that you can make a lot of money from. You need a good location and good marketing skills, you can make a lot of money from it. Decide the scale you want to start with. Check for More businesses you can easily lay your hands and do.

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