7 Ways You Can Get Money to Start Business in Nigeria 2020 Latest Update.
Ways You Can Get Money to Start Business: Due to economic downfall of the country, a lot of people are wondering where to get money and start their own business. We all know that every business requires a small or huge amount of capital to startup.
Before starting a business, you need to know what type of business that can grow over time. Many people fail in their business field because they do not have a clear idea of what they are looking for or what they can do better.
1. Sell your Old Unused Properties to Raise Money
There is a popular saying which says “use what you have to get what you want”. Why not sell out those unused properties of yours to raise some cash for your business?.
If you have laptop, TV, Home theater etc, which you know you won’t be using for the time been, sell them and use the money to start something doing. You can always buy them back when you have money from your business.
The money you may raise from those items may not be up to what you are looking for, however it can start something for you at this time.
It an error to have 2 cars and still be complaining of lack of job and business. For your own benefit, don’t sell valuable asset such as land and house.
Where to sell your used properties in Nigeria
The best place to sell your used items is jiji.ng and olx.com, there are other online classifieds website where you can sell your used items easily as well, but jiji and olx are more active currently in Nigeria.
How to sell your used item in Nigeria
- Take a photo of the item
- Visit: www.jiji.ng
- Register account
- Click post Free ad
Make sure to give good details and description of the item and put a good attractive price.
Post it and wait for the calls to come in.
After posting your ad on jijj it time to also post it on olx.com to fasting the sales.
- Visit: www.olx.com
- Click register to create an account
After you complete Registration click post ad
- Enter the item details and price
- Submit it and wait for calls to come in your phone.
2. Request for a Loan
This is not as easy as you think, but you can give it a try. If you have something that worth collateral it may be easy for you to pitch banks and some loan industries about your business and need for a loan. For those with house, land and other valuable asset, you can give a trial.
For those without something worth collateral, you would want to check some Ajor and daily contribution companies for a loan. Most cases before you can get a loan from daily contribution companies you are required to be among their clients.
3. Help Traders Sell their Items for Commission
With this you can be able to raise money to start your own business. What you are required of is to have a good working smart phone with long lasting battery. Visit any warehouse closer to you that deal on wholesale items.
Discuss business deal with them that you will be bringing customers to them for a little commission; you could just add your commission to the item while marketing it. This is to say if the item is N20, 000 Naira then you go out and market it for N25, 000 Naira; you get N5, 000 Naira on any item you sell. This is what we call (Broker) a middle man between the seller and buyer.
4. Request Money from Friends and Family
A serious business personnel will not put on shame, because nothing good comes easy. Meet with your family or friends; plead for money with return interest if they won’t just help you with it.
Before doing this make sure that your business idea is something that worth considering and you are pretty sure it will yield you good income in future.
5. Meet your Church for Loan or Help with Money
This is where you can easily get money as loan or help if you are well known in your church. Meet with your leader and plead for help to start a business.
Your church could consider giving you a loan or just help you with it without a pay back. The church is full of kind people, so getting help won’t be much difficult if you are well known in church.
6. Sell your Hand Work to Get Money To Start Business
If you know how to do something, why not sell your handwork? If you are a social media marketer, Seo expert or have Web design/development knowledge you can get contract job online for good amount of money.
Web, mobile development and graphic design is one of the hit area that people are looking for everywhere online.
7. Get a paid Employment to Get Money to Start Business
If you don’t have any means of raising money for a business why not look for a job? Get any job that can be paying some good cash monthly or weekly, you don’t have to seat at home all day because you couldn’t get money to start your business.
Forget your degree and personality at this time and go look for any available job out there and start raising money. Who knows maybe from the job you could be able to raise your business capital or even run into luck where someone could sponsor your dream business.
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