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How To Make Cool Money Buying And Selling Ethereum In Nigeria 2018

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make money from buying and selling ethereum

A Practical Guide On How To Make Money From Buying And Selling Ethereum In Nigeria

At the turn of 2018, cryptocurrency experienced a slight dip. There were lots of factors that contributed to this. You could look at the influence and propaganda of banks, proliferation of coins and so many other factors. That notwithstanding, people still make money from buying and selling Ethereum and other cryptocurrencies in Nigeria.

You see, the future of digital currencies and blockchain is still intact and very bright. The potentials of cryptocurrency are increasing daily and you can be rest assured that despite the fluctuations, with the right set of information, you can always make money from buying and selling Ethereum.

Related: 8 benefits of blockchain to industries away from cryptocurrency

Every day, people search on a variety of issues regarding Ethereum. They include; how to make money investing in Ethereum, how to sell Ethereum, how to sell Ethereum for cash, buy Ethereum, Ethereum price, coinbase buy and sell and how to buy and sell Ethereum.

The above searches and more will be treated in parts or in whole in this article.

What is Ethereum?

As at the time of publication, Ethereum is the second most popular and valuable digital currency in the world after the supposed almighty bitcoin. You should know that bitcoin price almost reached $20,000 mark last year.  It has a market capitalization of 63 billion US dollars.

Related: Top 5 best cryptocurrency wallets in US, UK, Nigeria, and India in 2018 

The name of the token is Ether(ETH). From a technical perspective, it is this token that you buy and not Ethereum. At the inception of 2018, there came a massive blow to crypto and it has led to serious fluctuations in Ethereum. It is always between $600 and $900

The understanding of the working principles of this concept is very important if you will make money from buying and selling Ethereum. For one, you need to have a digital wallet to effectively secure your coins.

At the end of this post, you should be learning

  • How to buy and sell Ethereum in Nigeria,
  • Buy ether in Nigeria,
  • How can i buy Ethereum in Nigeria,
  • Sell Ethereum for naira,
  • How to sell Ethereum in Nigeria,
  • Ethereum exchangers in Nigeria,
  • Buy Ethereum with naira
  • Buy bitcoin in Nigeria, etc.

How to Create an Ethereum Wallet

An Ethereum wallet is very important. It is like your account number in banks and you store your coins there. The truth is that there are many platforms to choose from but you need to know the platforms that are the most used in Nigeria and more importantly, are most secure.

I want to share some of the platforms here. Edom of Start Up Tips Daily was very concise in his analysis of these platforms. Perhaps you should look at them exactly the way he wrote them. To him,

To create an Ethereum Wallet in Nigeria, use one of the following avenues: 

1). Top Cryptocurrency service providers in Nigeria that offer you the opportunity to own and control an Ethereum Wallet:

These digital currency service providers all offer multi-cryptocurrency auto-generated Wallets with a high level of security. This means you do not have to create a separate Ethereum Wallet to securely send/receive or store your coins. Visit any of them today to register and access their services.

2). Blockchain.info – Blockchain.info now offers a multi-platform cryptocurrency wallet for free. You can now send and receive Ether (ETH), Bitcoin (BTC) and BitcoinCash s(BCH) in a simple, seamless, and secure way. To create an e-wallet, you will be required to provide:

  • An e-mail address
  • A secure password

You will then receive an account verification e-mail after which you will be provided with a unique Wallet ID once the e-wallet is set-up. Blockchain.info wallet is available for desktop and mobile. Click Here to setup your Blockchain e-Wallet.

3). MyEtherWallet:

make money from buying and selling ethereum

This is another popular open-source wallet which offers quality and secure services. To create an Ethereum Wallet, you can follow the steps below:

  • Visit myetherwallet.com
  • Create a New Wallet
  • Download and keep your keystore file safely for security reasons.
  • Backup your private key securely
  • Use your saved keystore file or private key to gain access to your new wallet

Creating a Wallet is the first step. The next step is funding your wallet and executing transactions with Ether (ETH).

If you follow the above steps, you will definitely have a wallet that will enable you to make money from buying and selling Ethereum in Nigeria.

Related: How to make money buying and selling bitcoin in Nigeria

The Platforms you can Make Money from Buying and Selling Ethereum in Nigeria

Some of the platforms to buy and sell Ether are as follows:

  1. Reminato

This is a peer to peer digital currency exchange platform created in 2016. Ethereum was introduced by this platform in 2017. The platform has made it possible for users to trade Ethereum at low rates.

The good part is that the platform allows you deposit local currency into a naira wallet to enable you to facilitate transactions. There is usually no need for an external e-wallet when you are buying Ether through Reminato. This is because; an Etherum wallet is usually integrated into your Reminato account at the time of setting up.

For more emphasis on the working principles or mechanism of Ethereum on Reminato, below is how Edom conceptualizes it;

  • Reminato will link you up with a prospective buyer or seller that you have chosen from the pool of available Ethereum traders.
  • Uses Escrow Smart Contract and end-to-end encryption to facilitate and secure transactions between you and a buyer or seller after you both might have agreed on terms of trade.
  • Ethereum is deposited in escrow by the seller and the equivalent amount in Naira is also deposited in escrow by the buyer which provides a proof of payment from both parties.
  • Seller confirms payment and escrow is released.
  • The equivalent amount of Ether you have sold in Naira will be sent to the local bank account you have provided and the equivalent amount you have purchased will be sent to your Ethereum Wallet.
  1. Luno

Luno is another platform that allows you make money from buying and selling Ethereum in Nigeria. It is quite popular in the country. It offers convenience and security and you can transact with ease on Luno.

It is also available on mobile for ease of transaction and proper account management. The transactions here are usually between you and Luno.

  1. Local Ethereum

Localethereum is another global peer-to-peer marketplace where you can make money from buying and selling Ethereum Ether. It also utilizes the Escrow Smart Contracts to hold funds until transactions have ended. Its operating methods are similar to that of Reminato.

The other platforms you can trade Ether are Localbitcoins and NairaEx.

The Ways to Make Some Profit From Ethereum (ETH) in Nigeria

make money from buying and selling ethereum

There is really no need buying and selling something if you don’t make profits. The truth is that it one thing to make money from something and another thing entirely to make profits from that same thing.

There are two major ways you can make profits from Ethereum trade. You can either become a speculator or you become an Ethereum merchant.

  1. Become a Speculator – Buy and Hold

Undoubtedly, Ethereum has made giant strides in the past three years. It has risen from $1 to over $600 in just three years. That is quite huge in my calculations.

The most popular strategy for investing in Ethereum is to buy and hold. The idea is to buy as many units as you can afford through any of the platforms above, leave it in your wallet and watch it increase. Then you can sell when the value is high enough in your estimation. you can learn how to start trading Bitcoin, Ethereum and other cryptocurrencies from Bittrex.

  1. Become an Ethereum Merchant

Here, you don’t have to hold anything. It is like a normal everyday business. All you look out for are cheap coins and you sell when the price increases. Cryptocurrencies generally are volatile and the fluctuations are legendary.

You can make a whole lot of money by becoming an Ethereum merchant. Just buy when the price is low and sell when the price increases. It seems pretty simple.

In conclusion, you should know that the knowledge of what you do will definitely give you a chance at success. get knowledge, people, and in all your getting, get understanding. You are born a millionaire, don’t die a poor man. All the best people

 

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Basic Steps And Requirements For Starting A Dredging Business In Nigeria

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Dredging has to do with the mechanical excavation of sand, gravel, mud and other substances from the bottom of a water body such as a river, stream, creek, lagoon etc. to do that, you need a vessel known as a dredger.

The need for more buildings and other physical structures has made the market for dredging in Nigeria to become a much sought-after one. Of course, there will always be the need to build or construct. So, dredging never dies.

Aside from the construction of new buildings or roads, etc., dredging products such as sand, gravel, rocks, and pebbles are also used to reclaim swampy areas and for the production of construction materials.

Basic Steps And Requirements For Starting A Dredging Business In Nigeria

Basic Steps And Requirements For Starting A Dredging Business In Nigeria

How Does Dredging Work?

Some dredgers are water-powered, and these cuts and sucks up the dredged material, like sand, from the bottom of the waterway by a method which involves a stepping stool that is mounted on the cutter head passing the material via a suction pipe and this sucked via a suction pump via a drifting pipeline up to the shore. When it arrives on the shore, at the dump, is it moved using tipper to the sub-dump where it is piled up, ready for sale or use.

Opportunities Available in dredging commercial enterprise

There are plenty options in the dredging business. Let’s look at some of them below:

1) Dredging:

  1. Channelization of river
  2. Fabrication of dredger
  3. Managing the dredge team
  4. Reclamation and urban renewal
  5. Safety of a dredger
  6. Stockpiles and profits

2) Supply of sand to numerous locations

3) Sand search

4) Environmental impact assessment

5) Hydrographic survey

6) Leasing of dredging workplace tools such as:

  1. Dredger
  2. Excavator
  3. Low bed
  4. Payloader
  5. Swamp buggy

Basics Steps To Starting Dredging Business In Nigeria

Among the many uses of dredging, its use for the building of houses seems to be the most outstanding. Housing, of course, is one of the most basic needs of man. He can’t just do without it, just like food and clothing. Before the advent of the present technologies in building construction, man has always experimented with several materials to meet his housing needs. This ranges from mud, sand and rock, all in an effort to withstand the elements. With time, however, in a bid to get the much-needed solidness and strength for buildings, other materials have been introduced to building technology such as steel and glass.

Given the alarming shortage of residential and commercial buildings in the country, therefore, there has been much interest in the sand dredging industry in Nigeria, all in a bid to cater for the housing needs of Nigerians. Sand dredging is vital to keep the pace with building of homes and offices as well as industrial layouts in all over the country. Therefore, going into it is a great way to earn a decent income.

Kinds Of Dredgers To Buy

Two popular kinds of dredgers are available in the market. They include

  1. The discontinuous
  2. The persistent

The discontinuous dredger burrows and excavates the heap while the persistent dredger burrows consistently, raising and also transporting the dredged materials at the same time.

Types Of Dredgers To Go For

If you wish to buy dredger in Nigeria, go for the types manufactured by IHC as well as ELLICOT. There are more solid, sturdy and durable, although a bit expensive. China-made dredgers are not very strong, although less expensive.

Types Of Dredging Businesses To Do

There is hardly a part of Nigeria where dredging business does not thrive. However, the riverine areas have more market for the business. however, dredging business in Nigeria may be dissected into the following parts or classification systems:

  1. Class A —Dredging Firms only
  2. Class B — for Only Dredging and sand dealer as well as;
  3. Class C – Manual dredgers as alone

Class A – Dredging Firms Only

  1. Application for dredging routed to the Honorable Commissioner Ministry of Waterfront Infrastructure Development.
  2. Installment of the use charge of N50,000 [fifty thousand Naira only] Provides point by point depiction of proposed dredging area.
  3. Provision of the Environmental Impact Analysis Report.
  4. Provide Hydrographic review.
  5. Bathymetric review of the proposed area.
  6. Duplicates of current duty freedom authentication.
  7. An endorsement will be liable to the installment of the accompanying charges:

(an) (i) Payment of the total of N1,000,000.00 (One million Naira) per annum.

(ii) Proof of Ownership or Access to Portable Barges

(b) (i) Payment of the total of N750,000.00 (Seven Hundred and fifty thousand Naira) per annum

(c) (i) Payment of the entirety of N500,000.00 (Five Hundred Thousand Naira) per annum.

Classification B – Dredging/Sand Sellers Only

  1. Application for dredging routed to the Honorable Commissioner, Ministry of Waterfront Infrastructure Development.
  2. Installment of utilization expense of N50,000.00 [Bank Draft] Provide point by point portrayal of proposed dredging area.
  3. Provide the Environmental Impact Analysis report.
  4. Provide hydrographic study.
  5. Bathymetric study of the proposed area.
  6. Duplicates of current expense leeway authentication.
  7. An endorsement will be liable to the installment of the aggregate of the accompanying expenses.

(i) installment of the entirety of N1, 000,000.00[One million Naira].

(ii) Proof of possession or access to convenient freight boats

(b) Payment of the entirety of N750,000:00 (Seven Hundred and fifty thousand Naira) per annum.

(c) Payment of the entirety of N500,000:00 (Five Hundred Thousand Naira) per annum.

Classification C – Manual dredgers as it were

  1. Application for dredging routed to the Honorable Commissioner, Ministry of Waterfront Infrastructure Development.
  2. Installment of utilization expense of N50,000.00 [Bank Draft] Provide point by point portrayal of proposed dredging area.
  3. Verification of responsibility for Edge review and Ecological Impact Analysis (EIA).
  4. Provide an account of dredging procedure to be embraced.

The endorsement will be subjected to the installment of the accompanying expenses:

(i) Payment of the total of N200, 000:00 (Two Hundred Thousand Naira) per annum.

(ii) Proof of access to Portable Barges.

(iii) Payment of the total of N100, 000:00 [One Hundred Thousand Naira) per annum.

(c) Payment of the total of N50, 000:00 (Fifty Thousand Naira) per annum.

 

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20 Lucrative Small Businesses In Nigeria You Can Start Now

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Small businesses have always existed in Nigeria and are commonly operated in the streets. These businesses have catered to the immediate needs of many as they are easily accessible, hence the increase in the number of small business owners in the country. For many who are having a hard time deciding which to invest in, the list below will be of great help.

20 Lucrative Small Businesses In Nigeria You Can Start Now

20 Lucrative Small Businesses In Nigeria You Can Start Now

1.      POULTRY FARMING:

In Nigeria today, the amount of protein consumed daily is unimaginable, this makes poultry farming a very profitable business to invest in.  Poultry products like eggs, birds are consumed on a daily basis in homes, restaurant businesses etc. Therefore, investing in this business has a good margin for profitability and the best part is that you can start small.

2.      FISH FARMING:

For fish farming, you will need to equip yourself with the right information on how to properly build a fish farm so as to avoid losses. Types of equipment needed are fish ponds, a good supply of water and good drainage system before you proceed to get your fingerlings which will be nursed into the mature fish.

3.      SNAIL REARING:

Snail rearing is another business you can venture into. It requires less capital and snails reproduce at a fast rate. Snails can be reared in homes as they do not smell and are also in high demand in Nigeria.

4.      CROP FARMING:

There are many things that can be done with an unused land and one of them is crop farming. This can be done either on a small scale or on a commercial scale. The population in Nigeria makes farming a profitable investment. Rice, Cassava, yams, maize and vegetables are examples of crops that can be planted because they are in constant demand.

5.      RESTAURANTS:

Restaurants will continue to exist since not everyone can afford to patronize fast foods. As food is an essential for everyone, this business has a tendency to thrive. Bearing in mind that it is accompanied by its own unique stress but with good hands, this can be managed.

6.      CATERING:

Catering is also centered on food. Caterers exist because not everyone has the time to prepare meals for their events. This business is usually done on a contract basis and when handled with professionalism promises lifetime customers irrespective of how much you charge.

7.      CAR WASH:

The basic needs of this business are a very accessible location, a good supply of water, car washing equipment and a good support team.

8.     LAUNDRY SERVICES:

To run my service, you will need a reliable source of electricity supply and other equipment like a washing machine, dryer and pressing irons.

The ability to satisfy your clients will determine how much profits you can turn in.

9.      SOAP MAKING:

Just like food, soap is also in high demand in homes, offices, etc. Get the right knowledge, equipment, excellent packaging and strategic marketing, and you are all set.

10. HAIR AND BEAUTY SALONS:

As long as there are people, there will be salons. Everyone desires to look good and this boost the hair and beauty business. Acquire the skill, set up your shop and let people know about your business.

11. TAILORING AND FASHION DESIGN:

Fashion design requires skill and creativity. You can start small and build your brand with time. Build good relationships with your clients, offer quality service and this can earn you referrals as well as return customers.

12. SALE OF SECOND ITEMS:

Majority of the population in Nigeria buy second-hand clothes, shoes, curtains,  bed sheets etc. which makes this business a very profitable one. You can start with a bale and expand with time.

13. EVENT PLANNING:

Every event requires a planner either professionally or not. Event planners help ease the stress on the client by coordinating events from start to finish. With the right information, software and expertise you can build a good reputation as an event planner.

14. SALE OF ICE BLOCKS:

For areas where the power supply is low, ice block business is a good source of income. Ice blocks are needed on a daily basis by sellers of drinks.

15. TUTORING:

With the current emphasis on vocational training, Parents are in need of tutors to coach their children in subjects and arts like acting, dancing, singing and creative writing. This is an opportunity for everyone with these skills to earn money while instilling knowledge.

16. PARTY EQUIPMENT RENTALS:

This business is capital intensive as you will need to acquire the materials like canopies, chairs, drums etc. This business can be run from the comfort of your home.

17. SUPPLYING AND SALE OF FIREWOOD:

On a daily basis, firewood is used in Nigeria, either by caterers, restaurant business owners etc. Starting a firewood supply business can yield you good profits.

18. SNACKS AND COCKTAILS:

Little drops they say makes a mighty ocean, you can make snacks like puff-puff, bread, cake, meat pie etc. with drinks like zobo and pineapple drink for sale in areas like schools, offices etc. and earn some money daily.

19. OFFICE SUPPLIES:

For workers who are unable to shop for their office needs, you can be the middleman bringing their needs to their doorstep at fair prices.

20. WEBSITE DESIGNING:

Many businesses are moving with the tide and going digital which has led to a demand for web designers. You can acquire the skill and source for clients in need of this service. The internet is a good place to start.

Welcome on board to entrepreneur.ng

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20 Hot Tips to Get More Customers To Patronize Your Business

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If truly you need more client or customers then se this article to get our 20 Hot Tips to Get More Customers To Patronize Your Business. Just as it applies in the normal human scenario and in natural settings in general, it is only realistic for business to experience significant growth over a given period of time. Any business that does not grow is stagnant and in no distant date nor time, will see the exit door. Growth is essential for every business enterprise to thrive. There are variety of ways to achieve growth in a business and these are outlined below

Getting more customers to patronize your business has never been an easy task. But with the right tools, procedures and tips, you can achieve this in a very easy way. Of course, patronage is the life wire of any business, and in order to make any significant profit or remain in the business, the need for more patronage from a large pool of customers cannot be overemphasized.

For any business to remain significant and pull-in the much-needed revenue, it is necessary to get more people, especially new clients to patronize the business. To achieve this, therefore, it is necessary to know the cardinal steps to take in realizing continuous patronage.

In this discussion, therefore, I will be looking at about 20 hot tips which you can deploy to help you get more clients/customers to patronize your business and grow it within a very short time.

20 Hot Tips to Get More Customers To Patronize Your Business

20 Hot Tips to Get More Customers To Patronize Your Business

1.      Hire the Best Staff for Your Business

To grow your business you need the right team with good workable ideas on how to help grow your business. You should hire capable hands who can manage your resources effectively to get customers.

2.      Treat Your Staff Well

It is not enough to hire good staff, always seek out ways to reward, inspire and encourage them with incentives like cash, holidays, promotion, job enlargement, transfer to other departments, training, International travel, etc. This way you are certain that they will render good service to your customers.

3.      Chose a Good Business Location

A good business location guarantees easy access to customers. The location will either give your customers a positive or negative experience. Also, take note of the facilities available for your customers’ convenience.

4.      Close Substitutes for Products or Services

As much as possible try to have everything your customers need in your business, customers love the idea of a one-stop business where they can get the options for things they want.

5.      Quality Products and Discounts

Customers want good value for their money. Give customers excellent products at good prices and discounts and they will revisit your business daily.

6.      Identify Your Customers

All businesses have a specific niche they target. They do not serve everybody, you can grow your customer base by reaching out to your target audience, identify their needs and develop ways to better serve them.

7.      Good Management

A good management team helps to develop innovative ways to attract new customers while keeping old customers satisfied.

8.      Capitalize On Your Strength

Every business has a unique selling point, determine yours and capitalize on it. Market your strengths.

9.      Exceptional Customer Service

Good customer service is needed for any business to grow. Even if your products are top quality, with bad customer service you can perform below-expected results. Get feedback from customers and develop ways to serve them better.

10. Do After Sales Enquiry

Develop a strategy to get feedback from your customers to know or rate their satisfaction level of your product or service. You can contact customers personally to show how much you care.

11. Reward

Customers like to feel appreciated for their loyalty to your brand. You can organize a get-together, an award ceremony or an end of year party to show appreciation to these customers. Ensure you praise them and ask for referrals.

12.

Marketing Campaign

Networking with Industry Influencers

Networking is also a necessity to grow your business, connect with big game players in the industry. That way you can build relationships with them which will foster recommendations for your business.

13. Diversify

The variety they say is the spice of life. Diversity gives your customers the impression that they have choices to choose from when they patronize you.

14. Ask Customers to refer Clients to You.

Referrals are necessary for a startup to grow. Therefore, you can ask satisfied customers to refer clients to you.

15. Marketing Campaign

Marketing Campaigns can be used to create awareness if your brand in the minds of customers. You can do this on your business website using digital marketing strategies.

16. Social Media

Take advantage of social media to advertise your business, use bulk SMS, YouTube videos, Podcasts, Google AdWords, etc to connect with customers. You can also launch a marketing campaign using digital media.

17. Buy Smaller Companies

As your business grows and becomes more profitable, you can seize opportunities to acquire smaller companies in the same sectors as you. That way you can expand your customer base.

18. Technology

In Nigeria, technology has become an essential part of every business. Technology can be used to effectively produce and manage large orders for your products or services.

19. Use Freebies and Incentives:

Freebies have always worked as a powerful marketing tool to attract customers to your business.

dont waste time, this is going to help you and your friends, why not share with them now.

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