TOILET ROLLS PRODUCTION IN NIGERIA THE BUSINESS PLAN

The nations annual toilet roll requirement as been estimated at 105 million units out of which local production can only meet about 800 million units. The short fall in supply translate to a market gap estimated at about three hundred and seventy five million (N 375,000,000) annually in revenue and an investment opportunity for savvy investors to exploit.

Drinking Straw Production

The lucrativeness of this business is that above measurement as it’s a product that has only one time application/usage- that is drinking straw is a product that is used once, no one uses a particular straw twice neither do two individuals share a straw thus it’s a USE AND DEMAND PRODUCT (UDP) making demand high. Okay! I believe you’ve got it for am not here to neither lecture nor disturb you with this bulky details rather am here rather for you to understand and profit from this business so please read on………………………

LIQUID SOAP PRODUCTION

Learn how to make money producing liquid soap, the market for liquid soap is growing and is still growing and location is not a detriment to its highly demand as there are individuals, households, churches, schools, laundry, hospitals around to patronize your products. So in the end you will learn all you need and will be able to produce good quality liquid soaps. \

Make Money From Custard Production Business

CUSTARD PRODUCTION FOR MONEY A business that will always spin money into the bags of the producer/ manufacturer is the food production business as man can never skip through a 24hours interval without food. One of such production business that is sure to ensure financial availability to the producer is the custard production business.

How to Create an App and Start Earning Money in 7 days

Yes it’s a new year, new privilege, privilege to start up a business, privilege to maintain the already started business and also a privilege to still expand your business borders. As a new year, you might as well consider the best business opportunity for the year 2013- “success” they say is doing the right thing, at the right time, at the right place with the right people.

Showing posts with label FAQ(frequently asked question). Show all posts
Showing posts with label FAQ(frequently asked question). Show all posts

Friday, 21 June 2013

Questions and Quote of The Day.



Questions and Quote of The Day.
haven been so keen in starting a business, and earning money online and offline, one will agree with me that its not as easy as they seems, some times market surveys and flexibility study seems to fail. some times the expected goals is not achieved or is hard to aachieve so tell me
when will you in a business tend to be more diplomatic in the area of finance?
* is it in your start up stage?
* your early success stage or?
* is it in your established and success stage?. 

answer this using the comment box below.

Free Online Surveys for money

Thursday, 11 April 2013

FREQUENTLY ASKED QUESTION IN BUSINESS(FAQ)






HOW DO I IDENTIFY MY CUSTOMERS?

 Your customers are those in  your locality that engage in interpersonal business through through several channels and those that carry on  related business. 
In this category are retailer centers, the road side  product vendors and individuals. and Some big companies by products bulk for official usage. You can decide to sell to any of these customers who are retailers leaving certain reasonable profit merging for them as whilst you discharge your product as fast as possible to replenish your stock on time. 

You may also sell directly to final consumers so as to double your profits. This approach however may decreases stock turnover.

HOW DO I PRICE MY PRODUCT

Product pricing is considered as very potent marketing tool “ the law of demand states that the “ higher the price the lower the quantity demand” this does not however , mean that you must  compromise your profit just to attract more demands. Rather certain factors have to be taken into consideration before you arrive at what price to sell your products. You need to conduct an effective market survey within and outside your locality to  ascertain what price your competitors are charging.

For example, if the cheapest of mtn 100 in your area goes for #98, you may sell #95.50 And beat the price of the competitors. Always remember however,  that no matter the number of your competitors , you will still have your fair share of the market. All depends on strong  and effective marketing and sales strategies.
Let your notion be small profits quick turnover, your customers will come to you. Best  of luck.


 

Friday, 8 March 2013

ACTIVE CO-OPERATIVE ORGANIZATION and how to join one


 

ACTIVE CO-OPERATIVE ORGANIZATION



     In our previous post on co-operative organization we learn t what a co-operative organization means and its importance to individuals, business, government and the country at large.
Now we have dug deep again and we are happy to bring you the good news about how to join a co-operative organization .
 Let’s consider our country Nigeria and Enugu state for instance.
Co-operative organizations in Enugu state.
Expectations and requirements
·         Stable government policies regarding co-operative sectors
·         Consultation before decisions concerning the sector are taken i.e would like for decision taken to start from the grass root.
·         More public awareness on the role of co-operative society can play.
·         Affiliation with international bodies  for more development.
·         Government to build skills acquisition centers and establish more co-operative collages for students., farmers as need for farming equipments like tractors,, also fertilizers , loans and grants from government to boost farm output.
·         Co-operative activities in Enugu are noted to be very organized and well established.
·         They operate like registered business, and pool resources to secure and execute contracts awarded.
·         Have the highest cash contribution in each meeting ranging between #2000- 200,000.
·         Registration fee is usually #2000
·         Rich members sometimes lend money to other members in need without any interest.
·         Send members on training both locally and internationally.
·         Organize practical field training.

ACTIVE CO-OPERATIVE GROUPS ENUGU


·         FADAMA farmers co-operative society, a federal government initiative for farmers that produce vegetables, also poultry and pig farmers. they  enjoy grants from the federal government.

·         UNION MOTHERS this is a group of married women from the same town

·         NKEREFI YOUTHS  for the youth of the village

·         GOD IS ABLE young poultry managers their interest lies on the growth of individual members.

·         LAPO ( LIFT ABOVE POVERTY) this group are into different business, it has served co-operative options. Members are engaged in diverse trading activities, membership cut across different age groups.

·         PECULIAR LADIES this are young unmarried ladies, they mainly travel abroad to purchase goods in bulk and sell to retailers sometimes sell on credits to retailers.

·         EZI-OYI this is a group of friends from different works  sectors.

·         CONSUMER CO-OPERATIVE SOCIETY this groups engage in the sale of consumable goods mainly edibles

·         YOUNG SHALL GROW for youths who are into petty trading, the  age band is between 18-30.

·         ALFA this ia a professional group of artist(fine arts)

·         PRODUCERS CO-OPERATIVE SOCIETY manufacture of goods like paints and soaps

·         MARKETING CO-OPERATIVE SOCIETY for those that market other peoples goods, profit made is shared amongst members

·         DIBU-UGWU these are women ho not indigenes of Enugu but married to Enugu indigenes

·         TRADE UNION association of traders, their criteria for membership  is shop ownership . there is no age limit and one can sell anything.


Like in the above list you will discover that there are co-operative society perfect for your niche of business, your age, dream and registering with one is easy and simple. Dou the above is for  Enugu state Nigeria an sure the likes is in other sate and country.



This list is subject to change, if I missed any or you want to add any I will be happy you do so by using the bellow comment box.

Tuesday, 29 January 2013

SOCIAL MEDIA AND ITS IMPORTANCE TO BUSINESS




SOCIAL MEDIA AND ITS IMPORTANCE TO BUSINESS


Social media refers to the means of interaction among people in which they create share, exchange and comment on contents among themselves in virtual communities and networks.
Social media also is (as defined by Andres Kaplan and Michael Heinlein) a group of internet based applications that is on the ideological and technological foundations of web 2.0, that allow the creation of user-generated content.
Going further Social media employ mobile and web-based technologies to create highly interactive platforms via which individuals and communities share, co-create, discuss, and modify user-generated content. It introduces substantial and pervasive changes to communication between organizations, communities and individuals.


Note the difference between social media and social networking sites

Social networking sites are just part or type of social media as we also have collaborative media such as wikipedia, blogs such as blogger and  wordpress, and content communities like youtube ,virtual worlds like second life.

As of 2012 social media became one of the most powerful news updates platform such as facebook, blogger, twitter, wordpress, linkedin, pinterest, tumblr, myspace and wikia.
 In this article we wont concentrate on the types and uses of social media rather we will consider the importance of this powerful social media platform to our business.—

There has been an increase in social Medias there by creating new opportunities in particular for businesses, which are able to utilize social media for marketing,  
 
                                                                                                                                research, sales promotion, and customer- to – producer relationship development among others.

Social media provides virtually instant access to information throughout the world. There by giving business (both small and large) the ability to share news about their products and services with people that were once out of reach. Not long ago business were limited to connections with their contacts within their neighborhood or at best their country, but with social media door is open to share your business with the world.

One may ask “how does this relate to my company/business”
Actually it has a lot and a lot to do with your business here is why;

 Social media provides an opportunity to meet people from different country, religion, and culture that you might have never meet in person therefore providing a chance of a successful and beneficial alliance in business with them.

Through social media one can establish valuable relation ship.
 
Social media offers  

1.      healthy business/ product advertising:

as of 2012 the time internet users spent on social media grow at a geometric rate , at that same time the total time spent on social media in V.S across PC and mobile device increased by 37% to 121 billion minutes in July 2012 compared to 88 billion minutes in July 2011.

With this figure in mind on will agree with e that an advert placed on social media is nothing but effective.

2.      helps in increasing customer to producer relationship building

3.      Effective spread of information about company/product.

 With all this you now know that social media is inevitable tool to expand your business through out the world.

But in out side the realm of internet the best social media for business is CO-OPERATIVE ORGANIZATION.

Please read also-



Thanks for reading, follow us, help share, and please leave a comment because we love them as they are highly welcomed.

Tuesday, 22 January 2013

CO-OPERATIVE ORGANIZATION AND ITS IMPORTANCE TO BUSINESS


CO-OPERATIVE ORGANIZATION AND ITS IMPORTANCE TO BUSINESS



HI, DEAR MOST VALUED,

      Thanks for making time out of your busy business schedules to visit this post, honestly we are grateful and again you’re highly welcomed.
                                     
CO-OPERATIVE ORGANIZATION AND ITS IMPORTANCE TO BUSINESS
it never pays for a business  to stand alone
                                     
   Here in this article I will be talking about co-operative body, what’s co-operative body, benefit of co-operative organizations?

Some business has for long startup all by the owner’s ideas, principle, struggle and wealth. Some business only exist on one to two man basics which is fair only to some point, as some certain knowledge about the said business is off limit to both men at that point in time so at risk, a business that is run on trial and error is not likely to come above one that is run on general but professional knowledge which can only come from people in the same business and this is where the co-operatives comes in. you starting up a business I believe is not just to make money or impress your self, I believe is a business that will thrive well even in your absent and its through the help of co-operative organization.

 Please read also                                                                                                                                                                                  
                              3 keys to keep your business running and

                             Business principles that works.

  Firstly lets consider what is co-operative organization—co-operative organization or enterprise is an association (note the word) of people who voluntarily come together to carry out activities and services meant to be equitably and collectively promote their economic and social well being of themselves and their business( I suggest you repeat this part).

      A co-operative operates with collective effort as it is meant to promote the economic and social welfare of its members in an equitable (also note the word) manner.
   For a business man or woman to upgrade and continually update and expand his business borders to an envious extent he is obligated to join a co-operative body in his business niche.

  The first registered co-operative organization in the world is ROCHDALE EQUITABLE PIONEERS SOCIETY, in 1844 in Manchester England and since then many have sprained up in different countries in different states under different business niche. Basically co-operative enterprise is manly made up of business men and women with the best interest of their business at heart, and it has helped them to expand their business with success.

Benefits of a co-operative organization to it members

This co-operative helps their members to finance, register their business name, and also helps with their business activities through pulling together of resources


-       it gives members sense of belonging and makes them feel important through their equity principle
-       Co-operative provides goods and services for members at relatively cheap cost.
-       They also allow their members the benefits of ownership and control of production facilities
-       Co-operative act as agencies for economic and social development of members.
-        Cooperatives enhance mutual relationship among members.

There are many benefits but I will stop here to make room for your contributions
You can use our comment box bellow to post your own contribution or you can also do that using our chat box. Post your own benefits of co-operative societies and for those of us that already belong to one or two co-operative societies please give crews on how entrepreneurs can join. Thanks in advance.



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