It is important at this time to point out some of the expected events that might occur this year which is capable of affecting the way businesses would be done. Based on our prediction, this year 2016 may not be juicy for some businesses that mainly depend on importation to survive due to some policies and changes in the administration and governance.
To start with, go through these facts put together in Nigerian economy heading towards recession by Vanguard 2015/08/
A man read one of my publications few months ago and was interested in any business idea he can do to augment his salary since what he earns no longer cater the needs of his family. As we always advice, it is paramount to spread your risk because you can’t predict or control what will happen to the basket where all your eggs are kept. Regards to job loss nobody prays for that, economy recession no country plans for it, health etc just last year alone over 120,000 people lost their job. This is a fact. And from all indications, more jobs may be terminated though I do not wish anybody that but it is a fact. Therefore it becomes imperative you make plans for uncertainty of life.
Below are the list of business ideas that would thrive:
- Internet marketing
This is a multi-billion dollar industry that is quite neglected in Nigeria. Internet marketing is not just eCommerce site and betting sites. This is one of the biggest industry in the world that can absorb thousands of unemployed graduates and undergraduate in Nigeria. Internet marketing will not and cannot be affected by the economic condition of one country because it is business that can be done across the nations.
- Information/Communication Business
Whether scarcity or not, people must talk, browse, work, chat and transact businesses online. Communication business is a golden business opportunity which anyone can venture into with small capital for low key startup.
- Poultry farming
It has been on the news that imported chickens contain chemicals that is not healthy to human health, for that reason government is seriously interfering on the importation of these products. Therefore investing in this line of business will not be a bad idea.
- Real estate
Real estate business is another opportunity for investors and brokers next year, although this will be concentrated on major highbrow area. Very soon this administration may look into issues surrounding real estate business in areas like capital territory which have been on the news for some time now. And people will sell off some of their properties. I think you know you can make a fortune in real estate business without having to invest heavily as people do think. You can make a research about how to become a real estate broker.
- Health
Health and wealth are most sought things under the sun. How can one make money from this sector without being a doctor? Yes, it is very simple; there are many ways to go about it. You can become a health consultant by joining some network marketing companies that have quality products; learn about it and sell their products or you can run a niche site on health and educate people on various ways to take care of their health.
- Marketing services
The harsh economic condition is affecting many businesses these days this also have a derivative effect to competition. There are lots of products and services in the market produced by SMEs with little or no customers patronage. These SMEs have limited funds to advertise and promote their products therefore this presents an opportunity for marketing consultant who would market their products at an affordable price. Therefore marketing consultant services or business consultant could be considered though it might have its own challenge.
Also read How To Grow Your Business Regardless of The Level of Competition
- Skill acquisition centers
Skill acquisition centers are another good business opportunity that might strive next year. In fact, it is already striving at the moment; the need for job creation is crucial to any administration coupled with the alarming rate of unemployment in the country.
- Foodstuff supply
Foodstuff is a golden business opportunity any day any time. Also, it is an everyday business because people must eat irrespective of economic conditions. And as a domestic foodstuffs dealer you can find it much more easier to go into exportation of foodstuffs to abroad which is a very lucrative business this time.
- Computerized car service centers
Most of the recent cars are computerized and this is an opportunity for someone to make cool good money whether as a mechanical engineer or as an investor. You can make money as an investor when you collaborate with a mechanical workshop to provide a car diagnosis services, what you need to do is to put up a sign post that such services can be obtained there. The least charge for car scan is 5000 thousand per scan depending on the model and it can been done in lest than 5 minute and believe me it is possible to scan more than 5 cars par day. You can scan and recommend the car owner the best workshop to fix his car.
In the one of our recent published eBooks, you can find more of this business ideas and how one can startup without waiting for unforeseen occurrences. The best time to startup that business is now, in this book you will learn how to keep your job while setting up your business.
There are about a hundred and one business ideas you can choose from. All in this eBook How To Start & Grow Your Business While In a Full-Time Job With 101 Business Ideas and also find out how you can be part of the multi-billion dollars internet market business in Nigeria that is still untapped.
You don not need to spend years and huge resources trying to figure out what to do to increase your income next year all you need is information that will help you build your income base to fend off the effect of economic recession.
By Ozoemena Charles
CMO at Zuma Marketing Limited
and Publisher at SMEsmedia.com
Zuma Marketing is a contemporary company that deals in audio-visual products and integration, modern teaching aids and educational resources. Since 2012,ZML has provided thousands of clients with reliable and cost-efficient technology solutions for their collaboration, presentation and Educational needs.
The Publisher has strived to be as accurate and complete as possible in the creation of this article, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the economy or work conditions.
Also, the Publisher assumes no responsibility for errors, omissions, or contrary interpretation of the subject matter herein. Any perceived slights of specific persons, peoples, or organizations are unintentional.
In practical advice, publications like anything else in life, there are no guarantees of income made. Readers are cautioned to rely on their own judgment about their individual circumstances to act accordingly.
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