We all think about taking out a loan to start business in Nigeria at one point in time. As such we have conducted research on new profitable ventures Nigerians are moving into.
Uber Driver Loans
Uber is one of Nigeria’s safest transport systems and companies. As more and more investors begin to get lured by its relatively secure operation, there is a need to sort out ways to raise funds for this business, especially as one may ask: “Do I need a loan to start Uber business in Nigeria?
Transport service at your beck and call? Realtime response to requests for transportation? Reliable payment platforms and drivers? Uber is your best bet. The coming of Uber to Lagos is a welcome development. While the system is quite appealing to its many customers, the newest interest that it has piqued is that of investors. With Uber, the problem of having your car driven by drivers who never remit funds is almost nonexistent. It is still transportation in Nigeria, minus the transport touts and their misdemeanor.
You need money first. Money is what you will use to buy the car or cars that you can start an Uber partnership wiith. Money is also reuired to meet the other minor obligations that such a business places on you. You can do this from your savings, or make use of all the loan resources available, maybe borrow cash from some microfinance institution or look up loans using our free loan search. Of course, you need a good car, one that matches the company’s specifications. In fact, at the time of writing this, a document released by the Uber office at Maryland, Lagos (Nigeria) Shopping Mall says that to partner with Uber, you need:
- Current Account
- Tax Identification Number.
- Vehicle (2000 or newer)
- Vehicle must be 4-door car
- A driver with driver’s license, email address, and knowledge of Lagos City.
Uber won’t give you a driver, but you can visit some sites provided by Uber to source for drivers. You will still be required to do background checks on your driver(s) though. You and the driver negotiate payment, not Uber. Uber says you can make about #50,000 to #150,000 naira per week (gross), unless you have issues like inefficient travels between trips,poor use of the air conditioner,etc.
Want To Do This? Cash Strapped? Get A Loan!
If you think that this business is enticing enough for you, but you do not have the amount required to start or complete the process, you can [borrow cash] from [moneylenders, or check out our featured banks and free loan search to get a list of possible loan facilities.
Book publishing Loans
Writers face more challenges trying to get published these days than they ever did in the past, yet there are several options that a writer can explore so as to learn how to make money book publishing in Nigeria. Most of us grew up knowing and reading ‘Things Fall Apart’ by Chinua Achebe. In recent times, we have read books by Chimamanda Adichie (who is currently in the bad books of a lot of persons on social media). The success of books like Chimamanda’s “Half of A Yellow Sun” and Achebe’s masterpiece will make any writer or publisher salivate. But there are difficulties in this field.
Getting Published Is Now Tougher
Crafting the right story is the least of anyone’s worries, if you know how hard it is to get the funds needed for your work to be published. Those who want to invest in the business of book publishing also have a hard time deciding to because reading culture has dropped drastically. In fact, there are indications that if Achebe had written “Things Fall Apart” in 2018, he would have had a tough timeachieving the amount of readership he did here,in the past. Of course, there is evidence that more foreigners in foreign lands read that masterpiece more than Achebe’s country men. To some, the majority of Nigeria’s publishing firms seem to be unapproachable too,but this is fact that can be contested. However, all hope is not lost at all.
There Are Opportunities For Loans And Investments
There are still little ways for a writer to break even.While it may be hard to get funds for publishing,there are still options for borrowing from friends, family, or banks. Check out our Free Loan Search section to see how you can get loans. Of course, there always [Moneylenders] here and there, microfinance institutions who can assist you as a writer who seeks funds to get published with. At StartCredits you can Learn Finance and successfully weave your way through such things as the ability to earn money from your writing.
You Can Go Online
The internet is always helpful in most things these days. Digital publishing is a writer’s best bet when there is no other option, or if the writer wants to complement paperback sales. To this end, Amazon’s Kindle is a typical and very popular online publishing platform. On Kindle, a writer publishes his work at no cost, and there are ways to Earn Money from your published book such as the Kindle Select and other options.
Use Other Online Platforms
It is harder for a writer get patronized on Kindle by the Nigerian audience because of the way that Amazon is programmed. Therefore, one can make use of other sites like Okadabooks.com. You can also open an online store for your books,as some have suggested. But this last option is left for you to decide if is worth exploring. Engage audiences on social media and hold online discussions about your book, as this may help your Amazon and online status and ranking to improve too.
Music producing Loans
Music production business in Nigeria has its difficulties, but there are ways for one to learn how to make money as a music producer in Nigeria.
The Music Production Business
Nigeria has one of the biggest music industries in the world, especially in Africa. The potential for growth is also very encouraging, as even global audit firm PriceWaterHouseCooper has predicted that the industry could rise in worth to $86 million US dollars by year 2020. This may account for the influx of a lot of talents into the music business. But the concentration here is on the music producers.
The music producers are the ones who make the instrumentals used in songs. They even compose the entire piece sometimes, but mostly give the music the melody that sells it. Some very notable Nigerian music producers are Don Jazzy, Sarz, Mastercraft, EKelly, Major Bangz and others.
Music Production Has Its Difficulties.
Like every other aspect of the music business, producers also have challenges. “Apart from learning the right skills, you need the right equipment”, says JSnow, a producer at Agege,Lagos. Some have had to take loans as a way to acquire good sound cards and other softwares that are updated periodically. But the challenges don’t end there. “Most aritistes do not want to pay for beats”, says SoolzBeats. “They feel that because they are not sure if it will be a hit song, OT won’t be wise to pay for such instrumentals. Some, too, would love to pay,but have no money, because they are just budding artistes who have so many challenges financially”.
You Can Break Even, Though.
Ordinarily, producers can earn money from their production when artistes pay them service fees. Outside Nigeria, beats can be leased. But that is usually not the case in Nigeria. However,what will be prescribed here can be applicable elsewhere.
The music business has changed its face with the current digital revolution. Songs now get sold online. What is more, Nigeria’s many telecoms companies , especially MTN, have now made it possible for users to pay for using music as callertunes. In fact, this aspect of the business generated more than #9 billion naira in 2014! Imagine how much it will be now that smartphone penetration has increased. A producer can,therefore tap into this.
How To Utilise The Ringtone/Ringback Business Opportunities?
Make beats for hardworking artistes, but sign an agreement with them that will give you rights to earn part of the money that is got from such sales. Ensure that the artiste strives to push or promote the song(s), so that a larger audience will get it. This is not hard because you can do sponsored advertisements on social media. This is what Kiddominant does with Davido and all the artistes that he has produced, and it works very well because Davido makes massive sales digitally. Smaller, less known artistes make relative sales online too, so you can rest assured that this will work for you.
In summary once you’ve decided to take a loan to start business in Nigeria you need to ensure you budget wisely to ensure you have a high probability of success i the business and of paying the loan back.