There are so many business ideas which are not suitable for students that are studying in Nigeria. Nigerian students hardly have enough time to do businesses that require up to 3 hours in a day unless on holidays.
This is because the Nigerian University Curriculum does not favour work and study for full time learners as in the case in Western Universities. So what business ideas are suitable to Nigerian students? Currently, I am a student and also doing business in Nigeria. I will share with you practical business ideas that you can do without having problem with your studies and at the same time help you make money.
What Will I learn from this Training?
This is a long article. Take your time to read it. It contains a list of small business ideas that students like you can do on a part time basis. These business tips for students are very feasible and they can be done without any conflict with the day-to-day school activities.
Why Students Need to Do Business
You will agree with me that there are many classes of students. There are some who are really ambitious to do business while some need to do business to ensure survival on campus. It’s always advisable for students especially those below the average performance level to focus on their studies so as to get good grades. However, some students who come from low socio-economic status background need to fend money to take care of both the school fees and living expenses. This set of students along with other business ambitious ones need to do one business or the other to help fulfil their desired dreams in life.
Here are my … 10 Business Ideas for Students;
- Teaching: Teaching should be part of every student’s life. It’s a fun you should adopt as a student and at the end of the day you can make money from it. You might not realize this, but I put it to you that you’ve acquired several kinds of knowledge through your education that enhances you with the knowledge base to tutor others. Apart from making money teaching other, you stand a better chance to learn more. Do not fail to monetize what you are learning.
There are so many people that need your services. You may decide to start home tutoring services where you’ll teach younger pupils at home or you can even teach fellow students maybe those in the levels below you.
You can start tutoring today. Start small until you gain more popularity to pull crowd.
- Social Media Freelancing: Social media jobs are easy way for students to make money. I personally do this on part time basis. You have probably already started using social media platforms such as Facebook, Google Plus, and Twitter on regular basis. So, why not get paid for having fun with them?
So many companies and establishments have started recognizing the potentials and value of representing their brands on social network and they are ready to pay. They need freelancers to do the promotion for them. Students are perfect for this job. You can start social media jobs on part time basis and make money.
Always recognize the fact that there is much more in social network platforms that just updating personal statuses or chatting with mates online. Though some social media job managers charge a little fee to participate, but the gain pays after all.
- Graphics Designing: I have three intimate friends who makes at least =N=50,000 each a month doing graphic design. You too can do this and earn even more. This knowledge they have didn’t come as an accident.
They learned the trade and they are making good use of it. If you are interested in graphic design but you do not have the needed expertise, do well to learn it and you’ll be proud you did. If you already have graphic design capability, start outsourcing for more clients.
People are doing several events that require fliers, programmes, handbills and posters. What about advertising signs for businesses? There are lots of jobs out there in graphic design. This is very nice business for students in Nigeria.
- Web Designing and Management: Web designing and blog customization have become very popular and lucrative business in Nigeria due to increase demand for online exposure by individuals, companies and NGOs. As a student, I am currently managing 3 websites – one for an NGO and 2 for individual professionals. I receive =N=10,000 each every month as stipends. This job doesn’t take me more than two hours a day and I do it on my pace, except when need for urgency arises.
The least cost of one web development job in Nigeria is about =N=30,000 and you can finish one project between two to four hours. If you develop like four projects a month, you will be making nothing less than =N=100,000.
If you don’t have any knowledge about web development and management, consider learning it because it pays. The cost of learning the basics is about =N=20,000.
- Make Money Blogging: Yes, blogging is one of the business students can do in Nigeria. Though, at the start, the money will not come but when your blog is popular, money will surely start dripping in. This business idea is mainly for those with writing enthusiasm. If you know you cannot write contents, forget about blogging and look for other business ideas.
Otherwise, start a blog. You can start your blog with zero investment. Just visit blogspot.com and signup and you’ve started. Write and publish compelling and valuable contents. With a full grown blog, you can make money from Google Adsense, Affiliate Marketing, direct sales ads etc.
There are so many blogging tips online that can get you on track. Currently as a student I blog at several websites. This is where I sell my exam preparatory materials like past exam question papers. I also make some money selling space for advertisers.
- Bulk SMS Services: This business is very perfect for students because it does not require the operator to be physically there while the money is made. Let me explain. You can use an investment capital of below =N=20,000 to create bulk SMS portal. Do a bit of promotion through banner adverts, Google Adword, Facebook Ads, etc. to gain more popularity and exposure. Clients will now register on your portal and sends bulk SMS on their own. By so doing, your income comes even when you are sleeping.
See, for instance, you buy bulk sms unit of 50,000 at the rate of 80 kobo. This is =N=40,000, and sell all the 50,000 unit a week at the rate of =N=1.6 each. You will be making =N=30,000 gain for the week. Multiply this for one month, this will give you roughly =N=100,00+.
You can do this business and raise the money that will take care of all your living and school expenses.
- Buy and Sell: You can make money from buying cheap good such as cloth, books, perfumes, creams, watches etc and sell to your colleagues and make gain for them. I personally do travel to Araria market at Aba and purchase some textbooks for my colleagues. I am doing this business and it’s paying my bills. You can start a mobile boutique; go to where cloths and watches are a bit cheaper, buy them and sell them to your colleagues.
In my experience, I do make at least =N=50,000 from one trip to Aba. You need courage to do this business. I started this business with zero capital. What I did was that I told my colleagues that I will be going to Aba for books and those that were interested gave money. The business started.
There are lots of goods your colleagues may want to buy at a particular time. Why not probe their buying habit and at the same time supply them and make profit? This is a nice business idea for students.
- Photography and Video Coverage: Photography is one of the businesses that will never fade. On daily basis, photography is getting more popular than before. People are beginning to see photography business as a professional niche. Photographers make a lot of money on each event they cover.
You can decide to do photography business at a subsistence level as well as a big investment company. All you need is ability to use a professional still of video cameras. The most interesting part of this business is that you can start it even if you don’t have a camera. There are several outlets that offer camera rental services.
The least price for a one-day event photo and video coverage is about =N=10,000 and above while you can rent cameras for =N=1,500 a day. If you remove productions cost, what will be left for you will be like =N=6,000 for that day. Another interesting aspect of photography business is that most events such as traditional marriages, weddings, dedications happen in the weekends and it’s perfect for students.
- Research Assistant: You do not need to be a guru to become a research assistant. All you need is a personal computer, laptop, printer and a modem and you are good to go. You will be able to assist so many people in your school in one way or the other in their projects, assignments and seminar. All you need to do is be smart on details.
One way you can assist someone is by supplying him/her research materials and research papers. Just collect their topics and do the search for materials, print it to them and get paid for both the material sourcing and the printing. I personally make nothing less than =N=3,000 per students sourcing materials for them. You can even extend your services to lecturers if you are very popular.
Another way you can assist in research is by doing research data analysis if you know how to use popular data analysis software like SPSS, STATA etc. If you like this business, you may just decide to learn more on how to use them and you will be closer to business while studying.
You can also help students write assignments, term papers and seminars. Do well to monetize your services especially lazy ones.
- Motivational Speaking and Business Promotion: This is the last but not the least on my list. This business seems to be very wide depending on approach and scope. You can start as a counsellor to a full flesh motivational speaker. This business will not only help you make money but will enhance your public speaking ability.
You can also become a paid promoter to many companies. You colleagues and fellow students are potentials buyers of several goods and services. Try and identify their personal and collective demand, contact companies that have their needed goods or services and promote it. Get paid for the job from percentage sales.
For instance you can do party promotion if you are party freak. Students likes partying and you can’t lose out while promoting a particular night club.
How To Start Cinema Business In Nigeria
How to Invest in Cinema Business
This article will provide the needed and necessary information on how to start up a cinema business in Nigeria. It is necessary because cinema provides a means of comfort to all people of different class.
Definition Of A Cinema
A cinema is simply defined as a place of relaxation. It is a place where movies or films. This movies displayed are for entertainment purposes and you are charged for each movie seen. Cinemas have improved the businesses of people as you cannot see a movie without having at least popcorn or an Ice Cream in your hands.
This article will therefore talk on you can start up a cinema business and be successful with it.
- You Must Conduct Personal Research
You should know that you are starting a business you know nothing about so you should not think of making money immediately. You need to meet people that have been in the business for long and are successful. You also need to meet with experts in event planning, studio recording and decorators as there they are the ones to tell you where the right place to set up your business, the cost and the design. These people can help you set up your cinema outfit.
- Make A Tour Around
This is simply visiting other established cinemas. From the visit you will make, you will be able to know how a cinema operates, the risks involved and how to avoid them.
- Get Products Authorization Or Franchise
After setting up your cinema business, it should be noted that it is not compulsory to sell the products of other people. You will benefit a lot from it on the long run.
- You Must Be Competent and Qualified
In order to run a successful cinema business it is important to be trained. This training can be done in business schools as you will learn how to manage tickets sold out for movies and cinematography.
- Reach out To Movie Dealers And Distributors
It is of high importance to get in contact with the people that deal on movies; most importantly the most sought after and highly anticipated ones. This will make your cinema spot attractive as you have what the people are looking for Admission form.
- Space And Arena
Nigeria is a place that when establishing a business you must have a large expanse of land or a big space. In the cinema business, you need to have space big enough to house your equipment’s and tools.
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- Get Good Cinema Facilities And Equipment
The look and decoration of your cinema will determine if customers will come. Therefore it is important to have the latest gadgets and equipment to keep your business growing.
- Always Set In An Income Alternative
This simply means that you are not to fully depend on the income made from cinema as it can fail you at any time. Therefore it is important to have a second choice of income. This can be in form of having a little restaurant, selling popcorns etc.
- Get A Good Advertisement Avenue
It is important and necessary to let people know about what you are doing. You can get to make people know about your cinema business by advertising. Advertisement can be done through newspaper, fliers, television, radio and the internet.
Hindrances To A Good Cinema Business
- Insufficient Funds
A good cinema business needs adequate funds to operate without problems.
- Negative Attitude And Mentality
Having a negative mindset is not the best thing as you begin to doubt yourself. As it is said “what you confess is what you possess” therefore be positive and always believe in yourself.
- Economic Problem
As it was earlier discussed, your location determines the growth of your business. If it is situated in a region where diseases are rampant or have continuous security challenges you are bound to lose customers.
- Moral Behaviors
As a seasoned business person you are, it is important to guard against extra moral behaviors like drinking, smoking, sex acts etc. Your establishment can be brought down by government authorities it they get to discover things like this are happening in your business.
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- Lack of Commitment
Generally speaking now, it is very important to put God first in everything we do. Your business is bound to fail if God is not involved.
The article above has been able to show you the step on how to successfully establish a cinema business this is a summary of everything discussed.
- You must conduct personal research.
- Make a tour around.
- Get products authorization or franchise.
- You must be competent and qualified
- Reach out to movie dealers and distributors.
- Space and arena.
- Get good cinema facilities and equipment.
- Always set in an income alternative.
- Get a good advertisement avenue.
How to Build Powerful Customer Service In Business Enterprise
6 Ways to Improve Customer Service in the Workplace
The desire to have a good relationship with your clients cannot be overemphasized. As it is known, without clients there is no business. Indeed, your customers are constantly right; believe it or not. A business cannot be established or grow when customers or clients are unhappy. In order for your business to grow your customers must be happy. That is why this article is written to provide an explanation on the seven sensible approaches through which you can have an amiable relationship with your customers and clients
Client Retention And Business Growth
There’s one factor we need to recognize about the consumer and this is the idea of consumer retention. This is of high significance in nearly all business ventures. It revolves across the provision of excessive best services and the upkeep of exact relationship along with your clients and consumers.
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In other words, if you want to continue keeping clients, then your commodity and service must be attractive and exceptional and there must be an amazing relationship among you and your consumers. This is the communication flow which must not be damaged. Customers and clients in addition to staff and top level managers must be aware of the whole things that are happening because it is important.
While you work hand in hand with the rules and regulation of client retention in commercial enterprise, you are beating the competitors within the business; out of your competitors and making sure that there is a non-stop flow of capital in your business for the growth of your business enterprise. That is because after you lose your customers, your competitors make profits. So, how do you keep a good customer relationship along with your clients and consumers?
How To Keep A Good Client Relationship With Your Clients And Consumers
Apart from providing high quality goods and services and attractive in precise conversation together with your clients, does it mean there are no other methods to build an extended-lasting relationship with your clients? Don’t be amazed, there are. We have numerous methods and exact aspects you need to have a long–lasting business-client relationship. I am hoping you gain from them and start moving up to your enterprising dreams.
- Understand Your Customer First
You cannot build a functional relationship with someone you do not know or understand. If you must offer a customer the best of goods and services, you must know who the person is first. You need to know a few things about the custom like where they come from, the kind of work they do, what they like and what they dislike, what they feel about your business and how they can also contribute to making your business great. It is high time you started addressing your customer with sweet names instead of just calling them “customer”. If you know them by name, it will be easier to be a bit cordial with them in your business transactions. Customers like to be addressed by name. They love it.
Having an idea of the marital status of your customers is also important. Also, ask about the welfare of their spouse and send them greeting cards. Also, ask about their state of health. That will prove to them that you love them and that you care about them, and not just after getting their money.
- Have In Memory Their Normal Requests And Specifications
Every customer is peculiar in his or her own way. Also two customers cannot be identical nor have equal type of need because everybody does not like the same thing. Take into consideration, imagine that the next time your consumer walks in, rather than asking the customer what he/she wants, you simply say, “Madam or sir, can I get you your normal?”
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This tells the consumer that you recognize his/her specific and regular requests. If the client orders for something special do well to offer him or her exactly what is needed and on time. That is a super way of growing top consumer relationship in your business.
- Offer Freebies From Time To Time
It is necessary to once in a while provide some freebies. This is an excellent way of attracting both new and already existing customers to patronize your business. It symbolizes care and love even though it is an oblique request for more customers into your business. You could constantly give out freebies which include gifts, run promos sales and provide bonanzas. Additionally, you could provide quality discounts and surprises to your dedicated customers.
- Leverage On Consumer Criticisms
You can take your business to your desired level by means of leveraging on the customer grievance and feedbacks. You ought to get hold of this in a proper way as they speak exactly what the customer thinks and what they think about your product. Never turn down the complaint whether they are good or bad feedbacks.
Devise a way of improving upon your services anytime you get such from your clients. It is an incredible chance for you to realize where your business is lacking and the way to improve on it.
Taking the advice of your customers as a priority is a way of showing that you care for them and their desires. Your clients can be more than glad to recognize that their feedbacks were accurately noted.
- Never Allow Preferential Treatments
It is highly offensive to offer preferential treatments at the place of work. It will make the customers think that they are not as good as every other customer. To reduce negative complaint from your customers, it is recommended by no means to engage in any form of preferential treatment or favoritism amongst customers that one is preferred above the other for any reason.
Such treatment is far against the norms of business to select out a consumer and favor such mainly in the presence of others who were there before him or her. It is far stressful; in preference to doing that, look out for a way of entertaining your customers as they wait to take their turns. Put up a TV set somewhere in the business premises and offer sufficient seats in which your customers can sit down as they are waiting for their turn.
- Respond Quickly and Don’t Forget To Say Thank You
It should be known that it may not be possible to send an immediate response to every electronic mail and phone call or text messages you obtain from the consumer. It is encouraged, however, that you attend to such as quickly as possible. You could usually give immediate computerized replies pending the real solutions
It does not matter the condition you are in; try as much as possible to make sure that the responses are quick and at the right time. Usually say thank you at the close of each transaction. It shows that you care about your consumer.
How To Start a Gemstone Business in Nigeria
The Basic Principles to a Successful Gemstone Business in Nigeria
Several questions arises from doing gemstone business because a lot of people are new to this business (just entering the market) while some others are just reading about it for the first time.
It is a known fact that one of the best sectors for business is the mineral sector and it has been identified that Nigeria is blessed with lots of mineral resources and about 35 mineral deposits have been discovered in the nation. Nigeria is a country blessed with unique kinds of diamonds such as topaz sapphire with a large market out there demanding for these minerals.
What is Gemstone and its Physical Properties
A gemstone is a kind of attractive mineral but after being polished and cut is traditionally used to make jewelry or other adornments.
Some physical properties of Gemstone which distinguishes the mineral include its lustre, although most of them are tough. Rarity is another attribute that brings value.
Stone according to this is valued dependent on not the amount available but also from what is called the 4C which is interpreted as Clarity, Cut, Carat Weight and Colour.
Colour: Color is an important element for gemstones as there is no stone without color. If the color of a stone varies from this variety either being darker or lighter, more vibrant or less, it becomes less precious the stone will be. Colour generally consist of three dimensions: hue, tone, and saturation.
Hue is the belief of color noticed like yellow, red or blue.
Tone defines the degree of darkness or lightness of an item.
Saturation defines the level of purity of a colour.
Cut: This is the design or shape of a stone in addition to the accuracy of the proportions of the stone and complete. The cut reveals a gem’s beauty.
Gemstones are usually cut into shapes. Furthermore, they are fashioned or are sometimes carved into different designs. In the Cut property of Gemstones, there are two other sub-properties namely Proportion and End, respectively.
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Proportions involves appeal and the equilibrium of the design. End identifies the detail of this workmanship. A cut will demonstrate the optical properties of a stone. While all other variables are even in terms of (colour, clarity, and carat weight), a more better-cut gem will increasingly be valuable.
How To Begin a Gemstone Business
Possessing a broad assortment of diamonds is vital. Mostly when having a target on diamonds or jewelry, you should be be able to purchase gemstone beads and carve one off designer beads which are in hot demand. One of the ways to build a long-lasting confidence in the heart of your buyers would be to get a huge choice of gemstones. Through the means of a gem testing lab like the GIA, where you will be able to test these diamonds and include a certificate. It will make your buyers to make decisions even as they build trust in your business.
Strategize On Methods of Targeting and Attracting Buyers
When starting out, necessary precautions needs to be taken but the first step to take when starting the business to attract buyers is start for pleasure, majorly as a hobby and also note that you can avoid mistakes only if the precautions are adhered to. Try out your ideas for beginning. Although there’s a need to do some market research too but ensure that your goods are much better than what others are offering.
Try to Build That Trust
One thing about Gemstone business, is that it needs lots of trust and confidence from both the parties (seller and the buyer). When you are enthusiastic about the business, your clients will have confidence to buy from you.
Invest Your Time and Money
You also have to give it your all, invest your time to the business. In this business, the most important thing to do is to invest large quantity of money. Gemstones are costly, and sapphires and the diamonds are the most of all stones.
Have an Escort Especially One Who Knows the Market while Purchasing
It is advised that while trying to source for the product, that you visit the market with someone who knows the market well, especially someone who knows the in-and-out of Gemstone business so that your trade will be worth your cash. You will also find several stores offering the products online and off the streets. For drop-shipping, the shipping expenses will be added. In all these, always try to check up first with someone who has knowledge of the business.
Make A Choice Of What Sort Of Gemstones You Would Like To Market
Before buying a gemstones, you need to decide what sort of gems that you would like to market. Decide if you will establish the market of genstones in retail marketplace or at wholesale. There will be a need to use a cutter to cut the stone if you would like to make the stones in various forms and quality to the market, putting more money into your pockets by selling cut gemstones.
Make More Money Selling Cut Gemstones
By improving the marketplace and making more money, one thing which you would do is to buy a machinery and you probably would have to employ a gemstone cutter the capital you will require will probably be greater. Be assertive that you buy exactly what you would need.
In situations where cut stones will be sold by you, it’s compulsory that you get a gemstone cutter. The cutting of this product can add to the cost and increase to several thousands of dollars.
According to experts, in cutting stones such as diamonds and sapphires in respect to gemstones you would have to pay great rapt attention. This obviously means that the purchase price of the jewelry or the diamond is dependent upon how it’s cut. Which is the main reason why having good knowledge of cutting gemstones is significant to your success in the business.
Strategize and Re-strategize on Your Sales Options
After all been said, you need to identify buyers or potential buyers who may be interested. You may be able to sell your items on the internet or also off the streets. Major investors can be your customers especially for those who like to collect precious things You’ll have the ability to cater for their needs by identifying your target clients. You would need to survey the market for more opportunities in the gemstone business. Produce the quality, quantity of the gemstones in addition to the cost for affordable to everyone. You have the opportunity to promote your business to more clients by promoting your products online. With that, you can have the opportunity to make even more money.
In the Nigerian marketplace, gemstones are very precious but the current market is saturated and will take up as much volume of the product without having any effect on the purchase price against supply. The higher the quantity available, the better your bargaining power.
The price of gemstones can increase by 10 percent to 15 percent once the item is cut.
At this juncture, you must be aware that gemstone export has been a recurring event and just a few people are profiting from it due to lack of information.
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