13 BUSINESSES YOU CAN START WITH MINIMAL CAPITAL
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.
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.
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.
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.
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.
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