BELOW ARE WAYS OF GETTING RICH QUICK IN NIGERIA
Online Business is one the businesses that can make you a billionaire and has the potential to make you a billionaire within a short period of time. If you’re at all interested in starting your own online business, there’s no time like the present. We live in a golden age of wealth. As much as the media tries to glorify the perils of our society, we actually live in a time that’s ripe with opportunity and the potential for monumental business growth at a scale never before experienced. Thanks to the internet and smartphones, the amount of commerce being conducted online has experienced explosive growth.
If you’re at all scarcity-minded, it’s important to understand how much abundance exists today. Considering that virtually every brick-and-mortar store has made the transition to an online business, there’s certainly no shortage of competition. But there’s also plenty of so-called blue ocean. While most might make it out to seem like Amazon is the only company reaping the benefits of the ecommerce boom here, the growth is widespread and across every single sector in business.
The ranking of the richest billionaires who earned their fortune in the internet business is headed by Amazon founder Jeff Bezos, who is sitting in first place with a personal net worth of 131 billion U.S. dollars. Facebook founder Mark Zuckerberg was ranked second with 62.3 billion U.S. dollars.
Starting an online company is a sure way to landing yourself on list of internet billionaires. The biggest internet companies in terms of their workforce are currently Facebook, Amazon, Google and eBay.
Facebook is a social networking service provider. It lets you invite and connect with friends, send messages and pictures, like and comment or share them. Facebook has seen outstanding growth since its inception and is poised to maintain its dominance in social networking. Facebook was founded by Harvard student Mark Zuckerberg on February 4, 2004.
Facebook founder Mark Zuckerberg was ranked second with 62.3 billion U.S. dollars.
Ecommerce, also known as electronic commerce or internet commerce made it on the list of businesses that can make you a billionaire, it refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. The most popular example of eCommerce is online shopping . Ecommerce is another business that make you billions of dollars within a short period of time.
Jack Ma didn’t seem like the type to be born for success. He grew up poor, was unemployable, he also got into China’s worst university after failing the entrance exam twice. However, his ability to overcome adversity eventually paved way for him to create a multi-billion empire. After two failed business ventures, he rounded up his friends and asked if they would invest in his business – Alibaba. The company quickly grew. Soon after, they were receiving investments from major companies worldwide. Alibaba’s IPO was the biggest one ever recorded at $25 billion.
Today Jack Ma is estimated to be worth $29.6 billion. He’s considered a celebrity in China as he’s helped countless small businesses grow into massive empires. Jack Ma once said, “Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.” In 2016, Alibaba went on to make approximately $14.6 billion USD in revenue. All of Oberlo’s store owners use one of Ma’s brands – AliExpress – to dropship products to build their own successful businesses.
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum (oil) is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The extreme monetary value of oil and its products has led to it being known as “black gold”. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream deals with Drilling and Production mainly.
Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East.
Benedict Peters is a Nigerian billionaire, who founded the Aiteo Group, which has interests primarily in energy and is the largest indigenous oil producing firm in Nigeria by output. As of November 2014, he had an estimated net worth of US$2.7 billion. Peters is ranked by Ventures Africa as the 17th richest person in Africa and the 7th richest person in Nigeria.
Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of dollar-denominated billionaires, with an estimated net worth of $1.2 billion.
A technology company is a type of business entity that focuses mainly on the development and manufacturing of technology products or providing technology as a service. “Technology”, in this context, has come to mean primarily electronics-based technology.
The Top 10 Technology Companies
- Hon Hai Precision.
Remember when Apple almost died? That was back in 1997 when the late Steve Jobs returned to take over the helm of the near-bankrupt company he co-founded. Apple’s mobile communications and media devices are now augmented by a steady stream of revenue from third-party digital content and applications and cloud services. Now apple is worth $1.16 trillion USD .
What is import and export? Export involves selling of good and services from the domestic country to a foreign country. Whereas Import refers to purchase of foreign products and bringing into one’s home country.
Importation generally is a really good and profitable business in Nigeria. It simply involves sourcing for quality goods from wholesalers at cheap rates and then selling to consumers at a higher rate. The difference you get after every successful sale is termed profit.
Before now importation wasn’t really lucrative because middlemen were present at that time. Furthermore, when any successful sale is made, profits realized were just too little. But, with the advent of the internet, everything has been made easier. Entrepreneurs can directly source for goods themselves from suppliers in other countries of the world and get their goods shipped directly their residential or commercial address here in Nigeria.
Follow these steps to Start Importation Business in Nigeria
- Have an area of interest and create a market for it.
- Open an account and link it to Internet banking.
- Search the foreign online shops and create an account with them.
- Place an order.
- Pay for the goods You want to Import.
- Take delivery of your order.
These days, real estate is considered to be one of the most profitable and growing businesses. In the Nigeria of today, you can make a lot of money by starting a real estate business, whether as a real estate agent or as an investor.
Starting your own real estate business is a good carrier option that comes with a lot of difficulties and challenges. The market is a well established one with tough competition from numerous new and established players. However, do not be intimidated by the competition rather focus on building a unique brand that stands out amongst the rest.
Real estate is “property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Donald Trump is an American businessman, He began his real estate career at his father’s company, Elizabeth Trump and Son, which he later renamed the Trump Organization. He rose to public prominence after concluding a number of successful real estate deals in Manhattan and New York City, and his company now owns and develops lodging and golf courses around the world. Trump partly or completely owned several beauty pageants between 1996 and 2015. He has marketed his name to many building projects and commercial products. Today he’s a billionaire and one of richest richest realtor in the US.
Every week, the Nigeria Federal Executive council meets to consider issues affecting governance among which is the approval of contracts or supply deals from the various Ministries, departments and agencies (MDA’s). Annually Federal Government spends Trillion of naira on capital and recurrent expenditure to keep the wheel of governance going.
Often times, people wonder how some of these contracts/bids/supplies are awarded, many even conclude that all is a ‘Man know man’ deals as we have it in this clime, this is totally not true despite the pervasive corruption involved in government dealings.
It is, however, instructive to know that many of the tenders for contracts or supply deals are actually advertised to the public and bidding process carried out openly and not all of these contracts are awarded on the basis of ‘connections’ as perceived.
To participate as a bidder in contracts involving any Federal government MDA’s, the major criterion required is for the participating business to ensure they meet the criteria of being registered in the National Database for contractor, consultants and service providers or any other as requested by the Ministry or agency involved.
The Federal Government is the biggest spender in the economy, trillions of naira are usually allocated for spending to keep the wheel of governance running. In ensuring accountability and transparency in the dealings, the President mandated in pursuant to the Public Procurement Act (PPA) 2007, that the Bureau of Public Procurement (BPP) implement the National Database of the particulars, classification and categorization of Federal Contractors and Service providers in line with the act.
Start An FMCG Company
Fast-moving consumer goods (FMCG) are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, beverages, toiletries, over-the-counter drugs, and other consumables.
The availability of packaged products in Nigeria is very high as new products come to the market scene on a daily basis. Different brands with their own distinct quality products is what encourages a large number of purchases from consumers.
FMCG otherwise known as Fast Moving Consumer Goods are goods that have been around for a relatively long period of time and have also seen new introductions of such goods to the market. The beauty of Fast Moving Consumer Goods (FMCG) is that they cost little and attract large demand from prospective customers.
Top FMCG companies in Nigeria
Nigerian Breweries – the biggest and best beverages manufacturing company in Nigeria.
Nestle Nigeria Plc – one of the oldest and having people trust manufacturer of baby foods, chocolate, coffee, drinks, cereals, dairy, confectionery and other.
Flour Mills in Nigeria – production of very popular Golden Penny flours.
Dangote Group – the hugest manufacturing group of businesses in Nigeria, producing starting with salt, flour and sugar and ending with steel, cement, oil and gas.
Unilever Nigeria – production of such well-known products as Knorr, Royco, Lipton, Vaseline, Pears, Blue Band, Omo, and other.
Beloxxi group – manufactures cream crackers and biscuits.
PZ Cussons – manufacturing of different household goods: soaps, Robb, Venus, Cussons Baby, Zip, Morning Freash etc.
DUFIL Prima Foods – production of the most consumed foods.
Nexans Nigeria – production of cables.
British American Tobacco – the leader in tobacco manufacturing in Nigeria.
The high demands for FMCG have led to diversification and as such as brought new players to the market scene as new products are being introduced to the market on a daily basis. Different brands leave consumers with a lot of choices as they buy according to their preference and these goods are pretty cheap and can be bought in bulk. The FMCG companies also contribute their own quota to the country’s economic development.
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