By Emmanuel Akpan
1. FISH FARMING
Fish
is the cheapest source of animal protein and because of its low
cholesterol level it is medically recommended as a good food for both
the young and elderly.
Fish farming in Nigeria is currently a
very lucrative business and this is boosted by the continuous rise in
the demand for Catfish. It is an Untapped Goldmine waiting for those who
can see.
The demand for fish according to the federal department of
fisheries (FDF) was 2.1 million tons in 2007 while domestic production
was 600,000 tons.
This deficit was partly augmented by massive
importation of fish of about 900,000 tons valued at over $800 million
dollars. This is a big drawback on our scarce foreign exchange.
This
still left a huge deficit of 600,000 tons, hence the concerted effort to
ensure self-sufficiency in fish production through aquaculture in
Nigeria.
The demand for Fish in the country is currently
estimated at about 2.66 million tons annually, as against the local
annual production of just 780,000 metric tons, giving a demand-supply
gap of about 1.8 million tons. It is very clear that the demand is far
higher than supply. What do you see as an entrepreneur? Business
opportunity!
According to the Norwegian Ambassador to Nigeria,
“Nigeria imports fish especially stock fish from Norway, worth over
N109.2 billion Naira ($700million dollars) annually”.
In a May
2012 report, the Chairman of Fisheries Society of Nigeria (FISON) Rivers
State chapter, Dr. Awoteinm George revealed that “Nigeria produces just
40 percent of the total Fish consumed in the country”. In other words, a
60 percent local production market is waiting for entrepreneurs to
fill.
Aquaculture has been estimated to have the potential of
producing 2.5 million tons, which if fully harnessed will almost satisfy
the local demand for fish in the country. You could take opportunity of
this high demand for fish and start a fish farm today.
This could be that business that would make you a millionaire.
The
truth is agro-based businesses are very profitable because they meet
man’s basic need-Food. You could start and operate your fish pond right
in your backyard, compound or garage. What are you waiting for? Fish and
Grow Rich in 2013!
2. MINI-IMPORTATION BUSINESS USING THE INTERNET
0ne
business that will make a lot of smart people Millionaires this year,
is the business of importing goods into Nigeria right from the comfort
of your home using your computer; and if you don't have one you can
operate from a Cafe.
This business is simple and the start up
capital is very minimal, yet with a high profit margin. you can start
this business with as little as 20, 000 naira.
All you need do is to carry out your research so as to know where to buy, what to buy and how to sell your goods.
Where To Import
The
internet has made life and business simple, and websites like
WWW.Alibaba.com and aliexpress.com has made it easy for smart
entrepreneurs to go into the importation business.
It is now possible
to buy goods at the comfort of your home working with your computer and
get it shipped to you here in Nigeria.
There are lots of items on display on these websites that you can easily import into the country and sell them for good profit.
and
don't worry about payment method; thanks to GTB and UBA, you can easily
pay for your goods online using the GTB Naira master Card or UBA
AfriCard. These cards are accepted on these websites.
What To Buy
There
are lots of inexpensive products on display on aliexpress.com that you
can import and sell at a hundred percent profit. There are products like
jeweleries that go for as low as $2 dollars; you can sell at 1000 naira
(which is a give away).
The most important thing is to study
your environment to find out what will sell fast, then import small
quantity to test the market.
How To Sell Your Imported Goods
A
lot of people don't like selling, but ironically life itself is a
market place and to survive you've got to sell something; even a job
applicant to an organization will have to market his potentials and
credentials in order to get the job, and when he is employed he gets
paid because he sells his Time and Skills to the organization.
even in a relationship a guy will have to market himself and prove that he (the product) is the best for the girl.
Now
selling your imported goods is just simply the application of strategy;
there is no effective sales without a good strategy. one very effective
sales strategy you could use is to Create a network for your
business...create a chain of sellers that will sell your goods at a
commission. This strategy will enable you to sell your stuffs fast.
3. INTERNET BUSINESS
This
is one business that is most discussed by youths, and it is the most
controversial. Many ask if making money online is possible, some have
tried and lost their money, while others are smiling to the bank.
The question is, is it possible to make money online as being preached by so many internet entrepreneurs?
Well,
the truth is, It is very possible to make huge money online, but
majority of the so called internet entrepreneurs advertising all manner
of products and opportunities have NEVER made a kobo online.
Just
as the name implies, Internet Business; it is a Business and must be
treated as such. It is practically impossible to make money online
without selling a product or offering a service.
The internet no
doubt, has raised lots of Millionaires and Billionaires, even here in
Nigeria and that's because they took it as a business.
Businesses
like iROKO TV, Nairaland, Linda Ikeji Blog, Twin Pine, etc are all
successful internet businesses in Nigeria. But note that they all have
one thing in common...they are offering a service.
Now in my next
post i will give a list of the most viable and profitable internet
businesses you can start and make good cash here in Nigeria.
3 (a). Blogging
Yes
blogging! You might ask is blogging a viable business? Trust me when i
say it is; ask linda Ikeji. Somebody might say Linda is just lucky, but i
bet to disagree. She succeeded in blogging because she took it as a
business. Today she makes Millions from her blogging business through
Google Ad sense, Advert Banners display, Product endorsement, Brand
promotion, etc.
You too can do same. What it takes is Passion,
Hard work and Patience. Build a blog around a passion, and ensure that
passion has a large audience...that is, the Niche or subject should be
one that has lots of interested readers.
Using Linda as an
example; she built her blog on her passion which is Entertainment (she
is a Model). She built her business blog around an industry she can
easily relate with. This gives her blog consistent content (you know the
entertainment industry will always have one news or the other).
But
she didn't stop there, she also added Politics, Lifestyle, and general
news and Information. I believe she is the number one Entertainment blog
in Nigeria.
And before i forget, she recently acquired an 8 Million Naira Infinti FX 35 SUV, courtesy of her blogging business.
You too can do same!
Here are some very hot Niches or Topics where you could launch a blog; these subjects are evergreen.
i. Entertainment
ii. Money (especially making money online)
iii.Starting a business (teaching people how to start their own business)
iv. Relationship matters
v. Health matters
vi. Soccer
If
you can work hard and build a blog around any of these subjects, and
not forgetting to take it as a business, i assure you you will make some
good cash for yourself with time.
Good luck!
4. Poultry Farming
Poultry
business is a risky but lucrative business. You can operate this
business on a small-scale from your back yard by constructing small
cages.
Your products will include Layers, Broilers, and Cockerels. Cockerels are rugged and more resilient than Broilers.
The
Layers usually take 18 weeks before they start laying eggs while the
broilers are ready for the market at 12 weeks of age. Cockerels, on the
other hand, take about six months before they are ready for the market,
but are rugged and more resilient than Broilers.
Starting this
business on a small scale is tough, but as your business expands, making
more capital available, you will begin to enjoy it better.
Layer
farming is the most lucrative aspect of Poultry business because apart
from producing eggs, they are also sold as meat, and the market for old
layers is huge.
Price of eggs per crate depends on the sizes of
the eggs; a crate of pullet eggs goes for N450 naira, Semi-pullet goes
for N600 Naira and a crate of large eggs goes for N700 naira.For the Chickens, old layers go for between N900 and N1000 at wholesale. A day-old chick costs N220 naira.
With hard work and patience, this business though risky, could be very profitable.
Another
very important thing about this business, is that the demand is always
more than supply, and no producer has been able to meet the local demand
for poultry in Nigeria.
Hmmmn, I just remembered when my father had a Mini poultry farm...the business was stressful but rewarding.
Try this business!
5. Photography
If
you still see Photography as a venture that could only put peanuts in
your pocket, then you’ll have to think again. Photography is big
business!
Photography has become such a viable enterprise that
operators are making millions from it; I know of a Photographer in Lagos
who charges more than N200,000 naira for a single event or contract.
Imagine this guy getting 5 contracts in a month. Do the math yourself!
A
Photographer in Makurdi-Benue state that I know of, charges a minimum
of 70,000 per event (e.g. Weddings), and he is usually booked virtually
all Saturdays to cover weddings especially during the December peak
periods. And the guy has a photo studio where people still go to take
private photo shots. I was in Makurdi for the Christmas celebration last
year and i discovered that the guy had bought himself a very clean 406
car. I was very impressed!
Another Photographer I know in Abuja
makes millions through his photography business. In fact he is the
official photographer of a big government agency, and he drives a Range
Rover Sports car, courtesy of photography.
You can start this
business on a small scale with just N50,000 naira, which is actually the
cost of a Blackberry phone being used by a jobless graduate waiting for
the so called “white collar job”.
If you are in Abuja or Lagos,
then you should know Studio 24; it’s a Professional Photography service
provider with offices in the six regions of the country. Their Abuja
office is located at AP mall, Maitama and I guess you know what it takes
to rent an office space in Maitama?
Studio 24 started very small
some years back in a small room in Kaduna, but today it has grown into a
successful business with an annual turnover that runs in millions of
naira.
If you could just be innovative, hardworking and smart, this
business of Photography can make you financially independent or even a
millionaire. You could even become a celebrity Photographer or go into
movies if you are really good at what you do.
The opportunities in
this business are vast and subject to your creativity, capacity, hard
work and imagination. Photography could actually be a nice and fun
business to do. Try it! Go under an established Photographer to learn
the trade before launching out on your own. Good luck
6. Orange Juice Production
Some
years back I embarked on a trip to Oturkpo, a town in Benue State,
North Central Nigeria. On my way to Oturpo I passed through a town
called Aliade. On reaching this town I was shocked at what I saw.
What did I see?
I
saw Money (millions) rolling on the road and people were stepping on
it; I saw the Old, Middle-aged and Young, display their products along
the road.
I have traveled along that route before, but on this
day something caught my attention; I saw Oranges rolling on the floor
like sand. Oranges are to Benue what sand is to the sea shore.
I
decided to stop and buy some oranges; I was given one to test and
confirm the sweetness of the orange, after which I asked for the price
of the orange.
I finally bought one small bucket of Orange at
N100 naira. Then I saw a business opportunity. I asked myself why is it
that Benue State does not have a viable Orange Juice factory, producing
Juice that will compete with 5Alive and Chivita in the market.
Well,
that’s a question for the Governor to answer, but our business on this
thread is Not on the ills and failures of government, but on How to
Create Businesses with very little start-up capital. Remember our focus
here is on discovering and unveiling 13 viable and profitable businesses
that anyone can start this year 2013, and thank God we are still in the
first quarter of the year.
How does this story benefit you?
In
my next post I will show how you can start producing Orange Juice on a
small scale with a very little start-up capital and make good income. I
will also share my experience in this business with you. I did this
business in my 300 level in the University (Benue State University).
Watch out for the details!
7. Catering Service
If
you cook so well like the lady I just talked about, what then are you
waiting for? For God’s sakes become a caterer or restaurateur. Okay I
know starting a restaurant would require more funds but becoming a
caterer is almost a zero-capital business.
You can start by
handling the cooking in your friends’ birthdays, then weddings, and then
before you know it you’ll start getting referrals. Catering business is
one that thrives on referrals. You can start by just cooking in events,
and I tell you the truth, there are thousands of events held in Nigeria
every year and we all know there is no event without food or drinks.
Ladies in the house, i don't want to here you complain about being
unemployed again. Lol
A lady handled the cooking of her
friend’s wedding food, and weeks after the wedding, people were still
asking “who cooked that food”. Why? The food was too nice and delicious.
I told the lady to print her complimentary card and go into catering
business and later add full Event Management, but unfortunately not
everyone is able to recognize opportunities when they see them.
Now this brings us to our next business opportunity.
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