July 2015



With the scarcity of jobs in Nigeria, you can leverage your driving skill to make money
In other for you to make money as a driver you must have gone to a driving school and afterward obtain a driver license to  enable you be called a professional driver.


There is huge money to be made in driving, ranging from 20,000 to 500,000 Naira per month
Who Needs Your Driving Services?

1)      Companies
2)      Government Agencies
3)      Private
4)      Individuals

Related Topic: How to Make Money Driving for Uber

Although there is a growing number of large shopping malls opening up in big cities like Lagos, Enugu and Abuja, there still remain unique opportunities for retail provision stores to make a good profit from engaging in business.

Provisions are those things that households need on a daily basis. They are necessary stuff that people frequently buy most of the time. Things like sugar, coffee, bread, toothpaste, soap, packaged food, body cream,

If you run a provision store or want to invest in that sort of business, then you should know that it is a profitable one as you just need to know how to break even, how to source for supplies, set prices and sell your items.

Small provision stores as opposed to large shopping malls have their marketing advantages such as being able to be more closely located to residential homes, better customer service and cheaper running costs.

Also Read: Make Money With Photography business 

People who engage in provision business can grow their capital over a short period of time if sales are high. Their focus really is in getting goods from wholesalers and then reselling to end users for a profit. You would need to know how to source for your good from local Nigerian producers as well as imports and then setting your selling price. The more turnover you make, the more your capital grows.

One thing about running a provision store is that it comprises of a lot of goods and so knowing the price of every item can be a burden so it's best to price tag your goods and then use price tag readers and a computer based system for billing customers during their checkout.

Emerging provision stores in Nigeria now make use of such computer based system and even POS machines for accepting payments from customers in addition to accepting cash too.

Banking your daily cash is also important for security reasons. You should decide on the daily cash limit that ought to be banked rather than leaving them in your store which may not really be safe. So you can set a limit of say N50,000 to N100,000 depending on how much capital is involved in your business.

How about having employees? You can employ one or two staff depending on the size of your provision store and business. A small store can easily be run by 2 people and if larger, you may need more. You can also install security cameras or CCTV for larger stores to to protect your business from shoplifters.

Also Read: Become a Driver and Make Money 

Stocktaking and accounting for sales should be done on a periodic basis such as monthly or quarterly or as you please. This is to ensure that your stock pr provisions which have been depleted have actually been from sales alone and not misplaced or stolen.

You should also compare your sales and purchases to know how much profit you've been making over that period of time and know whether to change prices or focus more on more profitable stocks.

What you need for a Provision store business
- A store
- Staff
- Accounting system
- Contact of Suppliers
- Stock
- Capital

 Related Topic- How to Start a Grocery Store in Nigeria

The photography business is always profitable in Nigeria and this is one of the coolest businesses one can do with little or no capital and that doesn't mean that you can't do more with bigger capital. I've seen small startup photographers run a good business even from a small shop and I've seen well established ones open up large offices and even complete duplexes for just a studio. So whichever way you look at it, photography business is open to the small and big investors.


What it involves
===================
It is really all about taking pictures and the better you are at striking a good balance between light and your lenses and the background, the better your work would be appreciated. In Nigeria, one doesn't really need to have a professional certificate or training to become a photography as it is still largely unregulated and open to everyone. I think you may just have to register as a member of your association and then pay your taxes to the govt and you're good to go although it pays to be properly trained by an expert.

Also Read: How to make money from Food delivery services 

Basic Things you will need to run a Photography business
==============
- Digital Cameras
- Office
- Lighting
- Photo Printer
- Photo paper
- Running capital
- Studio room
- Computer (Desktop or Laptop)

How the money comes in
As a photographer, you can rake in some good money by offering a wide range of services or just sticking to specific services.

Services you can offer include:
===============================
- Passport photos: about N50($0.3) per unit
- Portrait photos: about N100($0.6) per unit
- Event coverage
- Visa lottery photos
- Digital photos

I think the most popular service people request for is passport photos and this is by young people still in school.

Also Read: Starting a Computer Business Center in Nigeria

How much can one make?

Think of it, if you can provide passport pictures at a rate of N200 for 4 units, then you can make N1m from selling 5000 batches of 4 units each. You just need to be where the market is, offer the right price and quality and deliver on time. I know one place in a university where they offer wait and take digital passports and these are readily available in as little as 10 mins and the quality is good.

There are many photography businesses and outlets in Nigeria and not all of them offer the same quality and price but it's good to offer good quality and with less time in order to retain a lot of customers in the long run.

Related Topic: 14 Ways to Make More Money as a Photographer

There are a lot of growing small business in Nigeria, a country where govt's inefficiency in the supply of basic public amenities is allowing small businesses to thrive.


One of such thriving and new businesses is Mobile phone battery charging.
Can you imagine that in 2012, one can make money by just offering Nigerians the ability to recharge their phone batteries? Well this is the case in Africa's leading mobile market as more and more people embrace the GSM technology.

What this business requires:
- Power source: Generator, Inverter, Solar energy or alternative means of power
- Fuel and maintenance costs
- Office
- Book Keeping
- Charging points

Also Read: The Richest Man in Nigeria is a Manufacturer, You Too Can


How much can one make?
So how much can one make by simply offering a phone battery recharging service. From what I've learn, service providers make about N50($0.3) per phone and make around N1000($6.6) daily since they serve about 100 people.

This sort of business mostly thrives anywhere but mostly in places where there are a lot of people living. Nowadays, even people living in the village all have mobile phones
Substandard batteries are helping the business
===============================================
A good quality phone battery can actually last for 2 days and in most cases 3 but nowadays more Nigerians tend to charge their phones on a daily basis and this is simply because of the presence of low quality batteries which require more power for recharging.

Due to the high number of non-genuine and second hand batteries, more people tend to spend more time recharging their phone batteries than using their phones. So, as long as the power supply is still a major problem for govt, low quality batteries are in the market, this business would continue to thrive.

Also Read: Make money by saving it in a domiciliary account 

Summary
=========
This sort of business can be started with low capital and I don't think one should invest a large amount of money into it since govt policy and effectiveness in public services could improve within the next 10 years or less.

Related Topic: Phone Charging Business In Nigeria

Poultry farming is one of the most popular and profitable agric business one can do in Nigeria as it involves the raising of chickens for their meat and eggs. It is something that is encouraged by the government and highly patronized by people. In Nigeria, food business is always good business and it is almost impossible for people to go without eating eggs or chicken meat.

 
Things you will need
What does this business really require? Well, you'd definitely need things like the following:
- Running Capital(About N200,000)
- Space/Location and caging
- Chicks
- Heating
- Feeding and water troughs
- Chicken feed and medicine
- Market Target

Also Read: Make money trading stocks in Nigeria 

Running Capital
You would need some sort of capital for running the business in the short term before income starts rolling in. About N200,000 can be a good capital to help in getting started besides the other assets required.
Space and caging

Chickens tend to need a lot of space in order to grow healthy and productively. You should consider providing sufficient vertical and horizontal space for your chicks once they start growing. It would be better setting up your poultry in a non residential area that is also close to farms. Local laws may not allow setting up a commercial poultry in mostly residential areas and the good thing also is that land in such less developed areas also tends to be cheaper and you can get land from about N200,000 to N1m in Lagos depending on location. You may also get land on lease if you don't want to buy land yet.

Setting up a cage for your growing chickens is also necessary and this can be one made of wood or blocks and then roofed while the sides would be covered with metal cages or nets to prevent get birds from getting out. The cage should also be able to protect the chickens from predators like bush rats and snakes.
The floor of the cage should also be covered with soft material like sawdust so as to allow for easy cleaning of manure and also make it conducive for the birds.

How much space do your chickens really need? It depends on how many chickens you are planning to house in the long term. The more space you have, the more healthy chickens you can raise. You can use one hectare of land if you want.

Chicks
Chicks are your main assets here and you need to source for them from the right farmers. There are are lot of sellers in the market from where you can get day old chicks. The chicks would cost about N100 to N200 depending on their maturity and quality. You can start with 100 or more and then place them in a conducive and cold free environment with sufficient food supply.


Types of Chicken
=================
There are two main types of chicken birds used in commercial poultry farming and they are:
- Broilers
- Layers

Broilers: These are chickens primarily raised for their meat alone. They grow very fast and not fertile to lay eggs but rather add weight. They are mostly fed with broiler's mash and tend to mature within about 12 weeks

Layers: These are chickens that are grown primarily for their eggs. They are more fertile than broilers but have less weight gain. They may also be sold for their meat but they are much better at laying eggs and some do so everyday after they reach maturity. They tend to mature after about 22 weeks and are mostly fed with layer's mash.

Also Read: How to Make Money by Offering Cab Hire Service


Waste products of chickens
==========================
Chickens tend to produce waster products when they excrete and these can also be sold as manure so it's a win win situation

Heating
Your poultry cage would also need sufficient heating supply especially during cold temperatures like harmattan and rainy season. The heating supply normally comes as vertically installed electric bulbs that produce heat. The cage should also have a mechanism for covering it externally during such times apart from just the heating.- - You can make use of a blanket like cover like a curtain.
The heating is not turned on during the day or during the hot season but only during cold temperatures to protect the birds from flu and other illnesses.

Feeding and water troughs

These are channels through which your chicks would be feed with food and water.. They are called troughs and can be locally made with wood or metal. They can be rectangular or circular shaped and they come in various designs. You cage should allow for the installation of such feeding channels. You should have two of such channels as one would be used for water while the other would be used for food.

Chicken feed and medicine

Chickens bred in the poultry tend to have their own special kind of food and medicine which is a bit different from that of local fowls. The kind of food that are fed to chickens are called mash and these are balanced foods grounded by processing firms and packaged in bags. Broilers are to be fed with broilers mash while layers are to be fed with layer's mash.

Chickens tend to eat a lot and you may have to feed them about 3 times a day. Poultry feed is one of the major expenses you would be having to deal with on a periodic basis.

They also need medicine and this is to be supplied through the water channels in their cage. Poultry medicine is commercially available from the antibacterial ones to the fertility ones and they come in powdery form. Some medicine help in keeping them healthy while some are designed to serve as multivitamins. They should be purchased and supplied through the water troughs after mixing with water.

Market Targeting
What is your target market? You need to identify your potential customers and know how to market to them when your products are ready for them. Will your be reselling to wholesale buyers or end users? Would you have to move your produce to stores or would you rather have buyers come to your farm? Pricing and knowing your market would be required.

How to get started in poultry business
- Register your business if necessary
- Construct your cages on your choice location
- Install heating and feeding troughs
- Spray sawdust on the floor
- Get day old chicks from poultry sellers or hatch your own eggs in an incubator within 21 days
- Purchase feed bags and medicine from your suppliers
- Raise your chicks to maturity.

Hygiene and waste products
It can be a dirty business so you may need to get employees to help you in running in and cleaning the cage from time to time. Most of the waste that are removed are droppings and these normally get mixed with the saw dust when removed. You can sell the waste as manure after drying them in the sun and bagging them. You can also use them in your farm assuming you also run a farm. Dead birds that die after an illness are also to be removed and the ones that fall ill may have to be isolated from the healthy ones to prevent disease spread.

It's a profitable business and you can make good money running it. The only thing is that it can be stressful managing one

Related Topic: How to Start a Lucrative Poultry farming business in Nigeria

One advantage a reseller has is that he doesn't take risks in sourcing for raw materials or engaging in production but rather he purchases products already produced and then resells them to others for profit.
A reseller literally makes profit by acting as a middle man between a producer and a consumer or between a top wholesaler and retailer. A reseller can also be a retailer/wholesale who simply sells goods that has already being sold to him, hence the term re-seller.


Also Read: 5 Big Businesses to do in Nigeria and Make Money 


There are lots of products or assets which a reseller can sell in Nigeria such as provisions, consumer items, electronics, cars, computers, mobile phones, gsm accessories and so on. Resellers are not exactly long term investors as they tend to prefer making quick sales for products they've recently acquired within the short term.

A reseller may or may not reveal the source of his products in order not to limit competition. He may even brand such products or make a deal with the producer to brand such products in his name to make it look unique. That sort of arrangement is quite possible in a situation where the manufacturer or major dealer has a reselling package for people like him.

Let's give an example of a reseller who resells packages food and does the delivery to customers who made a call-in order. He does not really produce the food but it could come branded in his company name to promote his brand and encourage long term loyalty while he simply sources for such products from any group of producers depending on his choice.

As a reseller, you will need to have capital, acquire goods/services at a discount and then resell them to buyers at a profit. You can decide on how much profit you want to make on your sales and this can be on a 10%, 20% or 30% profit margin.

Also Read: How to Blog for Business
A reseller knows how to get the right goods, where the market is and how to deliver it for profit. There is practically nothing that you can't resell in Nigeria as long as it's always on sale.

Related Topic: here's how you can make money selling your crafts

In a country of over 170 million people, no other tv show attracts much loyalty as football events and that is why running a football business in population dense areas in Nigeria can be a good business.

Imagine being able to make money in Nigeria just by allowing people to watch football tv in your entertainment center? Well the football tv viewing center business is one of the new and growing profitable businesses one can do in Nigeria as all you need to do is build it and they will surely come. You can make money from gate tickets, advertising as well as consumption sales.

After work, what do people do to relax? Well at times they just go home, while some go to clubs, others go on dates and at times they just want to be entertained. TV viewing centres are in vogue now in Nigeria and they are different categories of them spreading over cities like Lagos and Abuja. Some category of viewing centers are for the big boys while others are for the low income class depending on the gate fee.

Also Read: Investing in Event Halls Will Make You Money
Although, live football viewing is one of the more popular viewing service people are willing to pay for in Nigeria, especially during the season, you can also have some other side attractions when there is no live football like movies and football videos.

To start a viewing center, the basic asset one really needs is a piece of land in a serene environment and you can then setup a main wide screen using a projector or big screen tv.

You know, there are times people may not like going to clubs to party or dance but just want to relax and be at peace with themselves while getting entertained. Besides some clubs can be more expensive than viewing centers so most Nigerians tend to flock to these places as a great place to also socially connect with people in their class.

What people gain by going to public viewing centers
- Entertainment
- Meeting people in a similar social class
- Exchanging ideas and business contact
- Affordable Reacreation

For some people, it is actually cheaper to go to viewing centers than going to clubs or taking someone on a date or the movies. While for some others, it is like a neutral ground that has better moral standards than clubs.

Some Legal requirements
=========================
- Register it as a business
- Register with your local govt
- Get public tv license from authorized dealers if you don't have the direct rights to it eg. from DSTV, HiTv, GoTv or Startimes

: Also Read:  Make Money Providing Solar Energy services 

Basic Things you will need
========================
- Capital
- Staff
- Land or location
- Generator
- TV or Projector and screen
- Cable tv subscription
- Seats
- Inverter/UPS
- Local govt permission to operate as a public viewing center
- Security

Spacing requirements
=====================
You should have it in mind of the maximum capacity of your viewing centre and make sure not to exceed that capacity so as not to cause overcrowding. If your hall is designed for 100 people, don't admit 200 people else it would be a problem. Every public space has a limited capacity of people it can contain so try to enforce that.

Location of generator
=========================
Generators should be located in ideal places far away from where people are seated. It should be able to operate in a well ventilated or open space so as not to cause poisoning to people since its fumes are dangerous.

Collecting payments
======================
Most payment for viewing centres are collected at the gates or door before entry but you can always decide on how to collect your fees. You may also need the services of security to handle troublemakers.

Related Topic: How To Start Football Viewing Center


In our world of today, one of the most intelligent forms of business you can do for the long term is food packaging.

The world needs food, now more than ever, with an increasing global population and threat of global warming, food business really does makes sense.

In this form of business, we are not really concerned about producing foods that last for a day but packaging foods that can last for months or at least a year.

Also Read: Make Money Offering Download Services

There are many successful companies in Nigeria that are going into food packaging business as they see it more profitable. Even some health care pharmaceutical companies are also now diversifying into food processing and packaging.

An example of a food product is the noodles and we have brands such as Mimee, Indomie, Dangote and so on. What they basically do is make use of wheat, process it and then package it such that it would be ready to eat after a brief cooking. I am still wondering why they haven't started using cassava to make noodles.
There are a lot of foods stuffs in Nigeria which can be successfully packaged and branded and then sold. Problem we seem to have is that a lot of people are knowledgeable about farming but only know little about food storage by packaging.

Even foodstuffs like tomatoes, pepper, cassava, yam and plantain can all be packaged and sold at a much better price than they were bought from farmers. Some companies now sell packaged tomatoes in form of tomato paste satchets.

If you want to get involved in a food packaging business, you may need to get connected with the food source such as farmers.

Also Read: How Much Interest does a Savings Account Earn You?

Things food packaging industry normally requires:

==============
- Sourcing for raw food
- Factory setup
- Machines
- Processing
- Quality control
- NAFDAC registration
- Branding

Some processed and packaged food products that are hot sellers in Nigeria includes plantain chips, chin chin, groundnuts and noodles.

Related Topic: How to Grow a Niche Food Business

If you are independent artist or music producer, you can make money easily online by selling your content on the web.

There are digital content selling platforms on the web that allow people who own rights to content like movies, music, audio books and other types of digital content to sell their stuff through them and on autopilot.
There are probably many music producers or artistes who have written their songs but have no record deal or a means to market their product to their immediate market. The good news is that they can still make their work publicly available to a much larger market on the internet by making use of such selling platforms for their work.

Also Read: How Teachers Make Money

Sites like Amazon, iTunes and Netflix can allow you to sell most of your music on the web to millions of potential buyers who are always looking for something new and Nigerian artistes are not left out.
The only thing you'd need to do is to create and upload your content e.g music in the acceptable format and then choose a price to sell and the rest it automatic. You'd be paid a royalty fee every time someone buys your product. The buyer would be able to immediately download a copy of your work almost as soon as he makes payment and you don't need to have your own website or selling platform except if you were trying to do more marketing.

Even major Nigerian artistes and movie producers tho are already hot sellers still have their works to be sold on the internet using these popular sites.

So even if you can make money selling your stuff on CDs or DVDs, you can probably make much more by selling it on already popular digital content websites like Amazon, itunes and Netflix and there are no upfront payments.

Also Read: Make Money Offering GSM Related Services
So if you can sing something like one good song and it is lovely, people are most likely to buy it and you can sell it many times. You get it? Create once sell many times. That's the beauty of selling digital content online.

Related Topic:Music Industry Survival Guide

In Nigeria, GSM companies make a lot of money offering gsm services to mobile phones. You too can cut a piece of your own cake by offering the same service they offer in your own unique way. Yes, you can make money by simply becoming a gsm geek in Nigeria and you don't have to be an official agent or pay any registration fee to offer that same service.

A GSM geek is a person who is knowledgeable about GSM services in such a way that he can help others around the service.

Also Read: Make Money Selling Your Music Online
In this case, you are merely acting as a middle man between the subscriber and the gsm company. You may or may not have any official relationship with the company other than the fact that you know their services well enough to help people better enjoy the service.

There are a lot of small businesses growing by offering such gsm related services especially in tech markets across Nigeria. They help people by simply offering services people can also get by making a visit to their gsm customer service.

The problem with most gsm customer centres is the issue of queuing as there is a lot of people traffic and customers tend to spend lots of hours getting subscribed to a service or renewing their plans. So many small businesses open up offering paying customers the same service they would get at the main office and another good thing is that they are more customer friendly.

Nigerians don't mind paying extra to get good customer service

Also Read: Make Money From Food Packaging Business

Some GSM related services that you can offer:

==============================
- Mobile browsing configuration
- Backup service
- Internet browsing subscriptions
- Mobile money setup
- Mobile tv setup
- Call forwarding
- Bulk sms
- Phone unlocking
- Phone flashing
- Mobile Phone downloads
- Ring tones and caller tune setup
- Virus & spyware detection & removal
and a lot more services a long as they are available on the gsm network.

You only need to charge customers the exact fee plus your own commission when setting them up for a service that is readily available from their provider.

Related Topic: How do mobile operators make money?

A teacher is s person who has undergone a formal training in a teachers training college, a college of education or a university and has obtained a professional certificate ranging from teachers grade two certificates (TC II), National certificate in education (NCE) to B.A or B.SC in education.
A diligent teacher can make money in one or more of the following ways.

SALARY: A teacher can seek for a paid employment in any private or public educational institution where he will be entitled to a monthly salary.

PRIVATE TUTORIALS: A teacher can earn additional income by organizing extra tutorials or private lessons for students who wants to excel in examination like SSCE, JAMB, SAT, GCE, O & A levels etc and also in special subjects like further mathematics. Another income generator for a teacher is to organize an adult literary class.

Also Read: Make Money Selling Your Music Online 

CONSULTANCY: A teacher can offer consultancy services to students as a carrier counselor especially in the area of subjects and carrier choices
He can also be a consultant to parents who want their children to be admitted into special schools like command schools, federal government college, foreign universities e.t.c.
He can as well become a country representative of a foreign educational institution in his home country e.g. a Nigerian teacher representating the University of London in Nigeria.

WRITING: A teacher can make a lot of money through writing textbooks, novels, handouts, pamphlets and even becoming a correspondent or columnist in a newspaper or magazine.
As a matter of facts most of the books being read in schools today are written by teachers in their various areas of specialization. This has then potential of earning a residual income for the teachers even after his retirement.

RESOURCE PERSON: A teacher who is in the field or working in the state or federal ministry of education can become a resource person when educational seminars are organized thereby earning extra income for himself.

ONLINE TUTORIALS: A teacher can establish an educational website or portal to impart knowledge online. The students will pay before they can login thereby generating income for the teacher who has now become a web master.

COMPUTER SCHOOL: A teacher who read computer education can setup a computer school or college whish is very lucrative in Nigeria today because of the communication revolution going on in the country.

SCHOOL SPONSORSHIP: A teacher as an educationist is qualified to open a crèche, nursery, basic or secondary school and or even a university as a proprietor or proprietress.

Also Read: Make Money From Food Packaging Business 

This is where the real money is for the teacher as it is the most lucrative endeavor for the teacher, but it is very capital intensive because education is no longer a matter of blackboard and chalk but a matter of computerized classrooms and computer literate teachers and these hard wares, soft wares and people ware are not cheap at all.

In conclusion, a diligent and innovative teacher’s salary is no longer in heaven but right here on earth.
Got any other ideas of how teachers can make money? Share them here.

Related Topic: 9 Ways for Teachers to Make Extra Money

Putting money in savings account may not be the best way to make money in Nigeria unless you really just have excess money lying around and just want to put it somewhere to remain useful and earn passive income.

Those days in secondary school, we used to dream of just making big money and then applying a bit of mathematics by investing it in a savings account for interest. In reality however, the interest on a savings account in Nigeria is more like negligible when you compare it with the growing rate of inflation and profitable business opportunities that earn more.

Also Read: Make Money From Operating Football Viewing Center 
 
Anyway, if you do have some money in your savings bank account, you should probably want to know how interest rates work on them and how your money can grow with it.

A savings account is one of the most basic forms of bank account in our economy and it is merely an account that lets you save and grow your money while at the same time allowing you to have access to it. A savings account is a safer way of storing money without letting it lose value or get stolen.

How much interest do Nigerian banks pay really on a savings account?

Well, it is really small but can also be big depending on the bank you bank with. If you really do intend saving money in a bank account for good profit, then you should look into CBN's monthly report of banks that offer the highest interest rates.
So the interest rate on savings account in Nigeria varies from bank to bank and based on the report I've seen, it ranges between 1% to 3%
In fact, here are five banks that pay the highest interest rate for savings as at August 2012

Top interest paying banks:

=============================
- Standard chartered 3.5
- Diamond bank 3.3
- Fidelity 3.0
- Unity 3.0
- Sterling 2.5

Also Read: Reselling can make You Millions

3 banks that offered the lowest rates include:

=================
Skye 0.04%
First bank 1%
UBA 1%

How do interest rates work on a savings account?

It grows the value of money in a savings account by a factor which is based on the interest rate per annum and most banks tend to pay such interest on a monthly basis and probably for a minimum amount of deposit.
So, let's assume that you've got N100,000 in a savings account that pays 3% interest rate per annum, that implies that the N100,000 initially invested would earn N3000 annually and for every month, it would earn N250.

Related Topic: A Guide to Interest Rates on Savings Accounts

When you take a visit to a niche market in Nigeria like the computer village at Ikeja, you'd see a lot of small businesses springing up that offer downloading services. The kind of services they offer is not that technical as it basically involves transferring files from a computer to a mobile phone or other portable device. They offer downloads for a fee and this ranges from N50 to N100 per file. They make a lot of money doing so and for them it is a profitable business.


These download services being offered mostly by youths at the computer market is profitable and they do have a large inventory of files

Also Read: Poultry Business Will Make You Money 


More and more Nigerians who own mobile phones nas small gadgets normally desire to have their own copy of digital content and so the demand for downloads is growing and these are basically offline downloads offered by connecting two computers or gadgets together.
What type of files are being downloaded? Mostly files like videos(mp4, avi, mpeg, 3gp), music(mp3, wav) and games(jad, jar, apk)

Is it legal to offer downloads in Nigeria?

If you are interested in going into this sort of business, you should know that the Nigerian law doesn't support offering downloads of files protected by the Nigerian Copyright Commission(NCC) and so most Nigerian content fall into this category. So, what these service providers mostly offer customers foreign content like western music, videos and so on. So, to be on the safe side, don't offer Nigerian content as downloads if you don't have the right to do so. Most foreign songs are not protected by Nigerian law and so these computer guys make lost of profit offering people lots of downloads.

A potential customer could want to download all of R.kelly's songs and these could be up to 100 tracks and these download providers could offer it at a price of N50 per track. For 100 tracks, they've gained a cool income of N5000. They also charge about N100 per download for retail customers.

What this business involves

- Having a good computer system with lots of space
- Having internet access
- Having an large inventory of files or knowing how to get them
- Having an office, shop or location to provide instant service
- Setting a price per download

How to offer downloads

- A customer approaches you for a request
- You browse through your computer folders to see if you have the requested file
- If available, you connect phone or gadget to computer using USB cable, bluetooth or memory card
- Transfer the requested files by copying and pasting or using other software
- Allow customer to review your transferred files
- Customer pays you for the download(s)

Also Read: Mobile Phone Battery Charging Business Will Make You Money

What to do if you don't have the requested file

You could download it from the internet by searching for it from free sites. There are alot of sites that offer free mp3s, MP4s, music converters. You could also rip music off cds if the customer brings a cd along and a software Windows media player allows one to do that. Videos can also be downloaded from YouTube using any of the many free online converters available.

Related Topic: How To Make Money Selling Services

A lot of Nigerians do have money, at least to be able to pay for 24 hrs electricity but the problem is that most of them are not knowledgeable or educated about alternate sources of power other than the power supply from the Federal govt or fuel consuming generators.

Most Nigerians would not mind paying for stable electricity at least and from reports we've been having from successive administrations in govt, Nigeria's power supply problem may linger for the next 20 years.
Nigeria is abundantly blessed with a lot of natural resources and has more sunlight than most countries like USA, Britain or China where solar devices are even produced. So we can really cut down power costs by simply switching to solar energy.

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There is a lot of opportunity for people investing in alternative sources of power like solar energy. Solar energy business is still relatively new in the country as people now tend to spend more of their income on generators rather than on NEPA due to their fact that they know nothing about solar energy.
You can make a lot of good money by enlightening people about solar power(marketing), selling solar gadgets, doing installations for them and maintaining such installations.

Solar energy is the future for Africa, a continent with one of the highest levels on sunglight on an annual basic. Due to developing technologies and educational advancement, many people in Nigeria have come to become addicted to electric power and would not mind having a sufficient supply. The truth most people have realized is that when it comes to things like power supply, demand would always exceed supply and that's why switching to solar energy is probably the best way for the country.
Offering Solar energy services could involve analyzing your potential client's need, offering them a variety of solar devices and doing the installation for them.

I was excited to see a documentary on CNN one day showing a building that was 100% powered by solar energy and this was definitely a green building which has no CO2 emmissions unlike what buildings powered by the national plant ot generators would give. So, the world as we know it is already looking for alternative sources of power for the long term in order to divert away from pollution causing generators which are destroying our world and even driving up the price of oil.

Solar energy has a bright future and investing in it for business would only prove profitable in the long term. Besides, with growing economies like that of China, a lot of these solar products are still produced in mass and at affordable rates.

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What a solar energy installation would require

A basic solar system would involve the following:
- Solar panels
- Inverters
- Energy storage e.g battery
- Charge controller
- Connection Wires
- Meters

Benefits of solar energy in Nigeria

In Nigeria, solar energy can be used for a lot of things such as:
- Recharging mobile phone batteries
- Watching 24 hrs tv
- Offering lighting for the home
- Pumping water to buildings
- Cooling buildings
- Powering computers and other electronics

Related Topic: 20 Solar Business Opportunities

In Nigeria, the population only keeps increasing especially in urgan areas like Lagos, Kano and Abuja. People are also beginning to migrate to rural areas which are receiving their own breath of urbanization. People are born, get married, die and according to Nigerian custom, it is only proper to celebrate all these occasions.

There is an increasing number of Event centers or halls springing up in Lagos and these people tend to make more money from their small investments than landlord make from their tenants. Well they are landlords in their own right since they rent out their halls to tenants holding a single day event but for hug amounts of money.

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Nowadays, event hall business is booming and because there is money in the system, people are willing to pay as high as N1.5m($10,000) for a single day event and it's mostly for wedding receptions. Actually there is really no specific rates for renting an event hall as price varies from location to location and based on availability of utilities like parking space, air conditioning, carpet floors, security, generator, toilets and bathrooms and so on.

I think the cheapest I've heard of so far is at around N70,000 for a hall at Alaba, Lagos. In places like Lagos Mainland, booking for event halls go for around N500,000 to N700,000($3500 - $4500). Now this is about 2 to 3 years house rent which a landlord would normally collect. So I'm not really sure who makes the most money between the Event hall owners and home owners.

Things Needed to Invest in event Hall Business

In order to start this sort of business, you really first of all need the following:
- Land
- Building construction. Should be vertically and horizontally spacious
- Government permit. Local and town planning.
- Capital: About N5m excluding land.
Of course, you would also need to employ some staff, declare your income and pay taxes when due.
Receiving bookings
==================
Once you've officially opened, you would also need to have an office at your outlet to accept bookings in advance. There are a large number of activities going on in the city and hall bookings rates tend to rise during peak periods.

You can accept payments by bank deposits, cheques or POS machines. You should then keep proper records of bookings made by clients an make sure to deliver.

Related Topic: How to Make Money With a Banquet Hall

If you already have an exisitng business either in the physical world or the internet, one way in which you can give it more publicity is by doing business blogging.
Blogging about your business gives it more publicity on the web and in this way enable more people to patronize your business in the real world.

In most developed countries across the world, it is hard to see any 21st century business that doesn't have a blog or at least have bloggers feature their business. There is something blogging does for a business - It helps sell the business on the internet.

What is blogging really about? Blogging is about writing and publishing content on the internet and it is more commonly in form form of texts, but it can also be in form of videos, audio, pictures and so on.
When a business strives to capture more customers by using blogs, they tend to make their business and services more visible on search engines since the later respects blogs.

When it comes to attracting people on the internet, it is really all about content and the more content a website or company has on the internet, the more money it would actually make. Blogs have a powerful way of making business more visible on the web because it adds content in such a way that makes it more attractive.

There is a growing number of businesses and merchants in Nigeria going online to look for customers. Some of them start up business blogs that publish content periodically about their products and services. Some even pay bloggers to write reviews about a particular product, promo or service and this helps give them a kickback in return when they see clients trooping too their outlets after doing some Goggling.

More and more Nigerians are not Goggling for products before doing the actual buying and blogs that blog about such product tend to easily attract potential buyers to existing businesses.
If you do have a business like a food delivery outfit, a wedding planning service, a membership gym, a laptop and gadget store, one way you can get more customers is by going online and getting the word out on websites. Blog about your business and see how many customers you will make in the long run.

Another good thing about blogging for business is that in the long run, it is actually a much effective means of advertising than Pay Per click advertising since the only cost you would make may be a one time fee for paying for a blog review or setting up a blog. Even if you do run a full time blog that updates when you have new products or offering promos, it is still cheaper than paying for online advertising since it is in itself a form of in-house advertising for the merchant.

Blogs allow you to publish more content than traditional online advertising allows and yet costs less. So if you are running a business and want to make more money with it, try doing some business blogging so that your business will be more visible on the web.

If you've got like N500k to N1m, you might be able to start up a small business comfortably in Nigeria but if you've got like N5m to N100m and above, there are actually some cool businesses you can do in Nigeria too..


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Here is my list of some 5 big businesses one can do in Nigeria
===========================
1. Real Estate Investment
Investing in real estate has always been profitable in Nigeria except during the civil war when people lost some of their homes. Land is abundant and at cheap rates too but there is scarcity of housing for the masses of people who mostly live in the urban areas. People who have got capital and invest in housing in Nigeria mostly make back their capital via rent in about 10 years or immediately after outright sale. Housing provided in cities are more likely going to cost more than those located in villages. Also the issue of security and infrastructure is important too. When buying land for real estate investment, one should make sure to get a certificate of occupancy before going ahead with major construction.

2. Mechanized Farming
One popular one is Cassava farming. You can also try egg production, fruit farming and so on. Prices of agric products keep rising in the market due to scarcity and inflation in cities. Due to export of cassava products to China as well as cassava flour requirement in bread production, more companies are going into cassava farming, processing and packaging. Other products that sell well are yams, pepper, tomatoes and poultry. There is abundant land in Nigeria for farming and most of it is located in the rural areas.

3. Packaged Water Production
The world is getting warmer and more and more people in Nigeria do need good drinkable water on a daily basis. Nigeria is one of the few countries where people actually have to buy drinkable water. Drinkable water doesn't run in the pipes and you can make money offering this charitable-like service. Your products can be satchet or bottled water and who knows, you cna also start your own brand of mineral water. Mind you, you would need a good piece of land with a factory setup in a non-toxic environment and well drilled borehole. You'll also need to get NAFDAC approval and SON inspection after you've set all up.

4. Movie Production
There is a hug market for Nigerian movies both home and abroad and you don't have to spend too much to produce a movie. Most movies are mostly for home video although the trend is shifting a bid for cinema sized videos. You can get new or old faces, get the movie script, shooting crew and producer, choose a location and kick start your movie. You will own rights to your home videos on VCD, DVD and the internet. You can even sell movie rights to Paytv providers like DSTV and Startimes.
Even if your small or big budget movie doesn't make an immediate sale on the dvd market due to pirates, you can also try the Youtube option where companies like Nollywoodlove are making millions from Google by simply publishing Nigerian movies on YouTube.

5. Educational Institution
Running a school is big business. Prices for school fees keep increasing yearly and you don't have to be a graduate to own a school in Nigeria(But a B.ED can be helpful). Just get a good land, install buildings, get the right staff, get the operating license and do some marketing and you'll see school students trooping in. There is a big market even fro day care centers and who knows, you can
expand to a secondary school. Your money comes when you charge per term and there are 3 terms in a year.

One smart transportation business one can do in Nigeria is the cab(taxi) on demand business. It just basically involves getting people to hire your car for a time period and they get billed for it, just like a taxi service. You can charge them on a time used or distance traveled basis.
Unlike the normal taxi business whereby taxis would have to be parked at a particular car park waiting for customers and setting prices arbitrarily, you only need to have your cars at a spot and then take orders from customers who call you. You would need to have standard rates which should be transparent and people would know it even before calling you.

This can be profitable in major cities in Nigeria with huge population but it can also work everywhere else where you have a large customer base.
There are probably a lot of Nigerians who would prefer a pickup service that comes with standard rates than having to go to a public park to negotiate for prices.
At times I see some rich old people getting into buses or tricycles just to get to their daily or weekly destination. It would be smart if you could tap into that and offer them the routine service as often as they want it at a good fee.
Likely customer base
=====================
Your target customer base could be:
- Rich old people too tired to drive
- Working class people too busy to own a car
- Mothers at home who don't drive but can hire a taxi
- Children who need a lift daily to and from school
- People who go to church or mosque on a weekly basis
This is a sort of taxi on demand service whereby customers call you by phone or make an arrangement to subscribe to your service on a continuous basis.
Niche services you can offer
===================
Pickup service: Pick people from home and drop them back.
Worship service
School service: For kids going to school frequently
Shopping service: For women who like to shop
What you'd need
================
- Vehicles e.g. cars, tricycles, buses, motorcycles.
- Car park
- Drivers
- Customers
- Admin office
- Business permit
You can still smart small even with one car and a good customer network.
What you'll have to decide on
==================================
- Choice destinations: Your approved routes for travelling. e.g inside state, inside LGA. Should be within 24 hrs
- How much to charge
- Fee basis: e.g. distance travelled or time used.
- When to get paid: Cash after service, cash before service or bank prepayment.
- How customers would order for a cab service: e.g by phone, in person e.t.c.
- Packages: Pay as you go or subscription basis
Some Nigerian companies who are already being successful at this business:
- Orange cabs
- Red cab
Marketing can help
===================
If you do start a small or big cab business, you would have to do some publicity so that people may patronize your business. It could be by word or mouth, church bulletin, newspapers, internet and social network. Your pricing strategy can also be a good marketing tool. Most cab businesses in Nigeria tend to be too expensive so there is a need for cheaper private cab services.

There is a lot of money to be made from Nigeria's stock market just by knowing when to buy and when to sell.
Although Nigeria had probably already experienced it's own time of boom and shock, there are still market opportunities to be taken advantage of just by trading shares.

In every year, stock prices always experience a period of upswings and down swings. Most stocks in active sectors tend to always rise and fall at different times owing to a lot of factors and that's where stock investors tend to make money.

One good thing I've noticed about buying and selling shares in Nigeria is that you don't have to pay any tax for capital appreciation. Capital appreciation is the profit you get when you sell a stock at a price higher than what you bought it. The only fees or taxes you might pay are some small fees like NSE fees, Stockbroker's commission all of which amount to about 4% of your transaction. You get to keep most of the profit you make from selling your shares.

Some people buy and sell shares once a year, some sell once in three months and some sell every month while some never sell their shares.
No matter what kind of investor you are, you can make some good money from Nigeria' stock market by taking opportunities such as selling, buying and even just holding your stocks.

Let's take a look at Access bank for instance. As at December 2012, the stock price was at N9.00 according to a historic stock price tool I got from Cashcraft But as at today in February, the stock has appreciated to N12.00. Chances are that it would keep appreciating till around April and may even reach N15.

If I had bought 100,000 units of Access bank with a N900,000 capital, by now, my money would be worth N1.2m and probably N1.5m by April. So that gives me a capital appreciation of about N300,000 just for about 2 months investment.

Another good investment would have been Sterling bank which is now currently priced at N2.93. However as at October 2012 when I first watched the stock, the price was at around N1.6 showing a price appreciation of about N1.3. This means that if I had invested about N1.6m by October 2012, by February 2013, I would hve had a net investment of N2.93m showing a total profit of about N1.3m in just 4 months of holding the stock.

So you see, stock trading is a good business but you just need to know when to put your money in and when to take it out. Stock trading is different from stock investing for the long term. Most people who trade stocks tend to hold it for the short term and not necessarily looking for dividends and other small benefits.
You can make good money trading stocks but the idea is to buy low and sell at the peak and sell at the peak to buy into newer opportunities. You can trade bank stocks, insurance stocks, food and health stocks and so on.

If you intend being a short term stock investor, you should keep a tab on news reports and financial record of the company as well as their historical prices. When investing in a country like Nigeria, a growing nation, it is really hard to lose in the long term since the economy would always be growing for now.

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