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How To Start Profitable Poultry Farm In Nigeria: All You Need To Know

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How To Start Profitable Poultry Farm In Nigeria: All You Need To Know

How to start profitable poultry farm in Nigeria is an article that anyone interested in making money from poultry farming in Nigeria should read. There is no doubt about the profitability of poultry farming in Nigeria. Nearly about 200 million people consume poultry or poultry products in Nigeria on a daily basis. You can start a poultry farming business in Nigeria and lose you lose your money in the business. This article on how to start profitable poultry farm in Nigeria will help you avoid many mistakes that can hinder your success in this business. We have carried out a feasibility study on poultry farming in Nigeria and discovered that the business is so lucrative. One of the outcomes of the feasibility study on poultry farming in Nigeria is that you can start as little as possible and expand with time.

How to start profitable poultry farm in Nigeria

This article will serve as poultry farming in Nigeria manual for you. The market opportunity that is in poultry farming business is so large that whichever niche you are into, you are certainly going to make your profit so long as you did your work very well. For the questions like;

  • How to start profitable poultry farm in Nigeria?
  • How profitable is poultry farming in Nigeria?
  • How to start lucrative poultry business in Nigeria with small capital?
  • Things to avoid when starting your poultry farm in Nigeria.

This article will help you with the answers to all the questions above, as well as provide you with all the needed information to setup a very lucrative poultry farm in Nigeria. The only required of you is to pay attention to all that is contained in this article. It is always advisable that you start small in this business, and then gradually expand. This helps you to have a proper understanding of the business. You might be asking why is this article titled “how to start profitable poultry farm in Nigeria” and not another business venture? The answer is quiet obvious and glaring around us in Nigeria.

Also See: How To Start A Turkey Farm In Nigeria

Why Poultry Farm?

There are many reasons this article is on how to start profitable poultry farm in Nigeria. Some of these reasons are listed below.

  1. The Market Is Big

You cannot be in a business that has no strong and large market to sell your products. The market for poultry farm products is so large in Nigeria. There is no ethnic group or religion in Nigeria that doesn’t eat poultry products (meat and egg). There is high demand for poultry and poultry products in Nigeria; therefore the market that you will sell your products is never a problem.

  1. High Growth Rate Of Poultry Birds

It takes an average of 28 weeks for a chicken to mature and be ready for market from the day it was hatched. You can imagine investing your money into this business and in less than 5 months, you are already having returns on investment. You will agree with me that you really need to learn how to start profitable poultry farm in Nigeria. It is not only chickens, other poultry birds like turkey, guinea fowl, goose etc also have fast growth rate. The profitability of poultry farming in Nigeria is simply too big to ignore.

Also Related: 5 Things To Consider Before Starting a Poultry business

  1. Very Attractive Selling Price

This is another reason why we chose poultry farming in Nigeria. The selling price of poultry birds has always been on the rise over the years. The average price for a gown broiler is approximately N 2, 500. If you have 5000 birds in your farm, you would be making N 12, 500 000 in revenue after selling them.

  1. High Reproduction Rate

For the layers, they lay an average of 4 eggs in 7 days. If you have about 1000 birds in your farm, you will be having nothing less than 16,000 eggs in 1 month. One crate of egg contains 36 eggs and a crate costs at least N1, 500. So, in 1 month you will be making about N665, 000 just selling the eggs alone.

I know that after reading those mouth watering benefits above, you will be eager to know how to start profitable poultry farm in Nigeria.

Requirements On How To Start Profitable Poultry Farm In Nigeria

On how to start profitable poultry farm in Nigeria, you must have sorted out everything concerning the following requirements:

  1. Decide On The Area Of Poultry Farming That You Want To Go Into.

The first step on how to start profitable poultry in Nigeria is to focus on a particular niche. Poultry farming in Nigeria is wide. You must understand that it is not all about raising chickens (broilers and/or layers), turkeys, quails, goose, guinea fowls, etc. Poultry farming include: meat production, egg production, hatching of young birds (Hatchery), production of poultry feeds and so on. You don’t just jump into poultry business, you must decide on the area that you can work with before setting up your poultry farm in Nigeria.

  1. Get Your Farm Location

When it comes to the question of how to start profitable poultry farm in Nigeria, one of the very important requirements is to get a location for your farm. Is your farm location going to be in a rural or urban area? If you are starting poultry farming in Nigeria with little capital, the rural area is your only choice. For those that have the “money”, you can make your choice having in mind that you will always get cheaper labor and lands in the rural area compare to urban places in Nigeria. You choice of location in the rural areas must not be far from the urban areas for easy transportation and accessibility to potential buyers. You must never fail to pick an area that have very good road network to the urban areas.

  1. Decide On The Amount Of Capital You Want To Invest Into The Poultry Business

This is the major determinant for you to start profitable poultry farm in Nigeria. You must bear in mind that poultry farm is capital intensive. To start lucrative poultry farming business in Nigeria, you will need between N 80, 000 to N 10, 000 000 depending on the size you want to start with. You should know that the size of your farm determines how much returns on investment that you will make. You must have the number of birds that your capital can carter for until they mature and start yielding turnover for you.

  1. Poultry Housing System

You must get you poultry housing system right in order to have a successful poultry farming business in Nigeria. The housing system that you choose will determine how your birds will be placed and will go a long way to determine their overall health condition. The three major poultry housing systems include:

  • Deep Litter System

How to start profitable poultry farm in Nigeria

In the deep litter system, saw dust is mostly poured on the floor of the building in order to make the birds comfortable. This housing system is in the form of wide hall. It is always easy to clean due to the saw dust that is spread on the ground. The major disadvantage of this housing system is that disease outbreak is very difficult to control and manage.

  • Free Roam System

How to start profitable poultry farm in Nigeria

Here, the birds are allowed to move around in the environment with any restriction of their movement. The only advantage of this system is that you will not bear the cost of buying feeds for your birds as they will be feeding themselves while moving around in the environment. The major disadvantage is that your birds can go missing. This system is not good for anyone that is interested in commercial production.

  • Battery Cage System

How to start profitable poultry farm in Nigeria

This is the best housing system for anyone that is going into commercial production of poultry and poultry products in Nigeria. Here, the birds are kept in cages and fed daily. It is a well organized and effective poultry housing system. It is very easy control and mange disease outbreak in this type of housing system.

There are also other facilities and equipment needed for a successful poultry farming business in Nigeria. These facilities include the following; egg trays, drinkers, feeders, crates, lighting systems, waste disposal systems, incubators, heaters and many others.

  1. Good Poultry Feeds

Quality feeds are needed for survival and good development of your poultry birds. You need to buy the best feeds for your birds if they are to grow very well and also be healthy. For large scale poultry farms, it makes perfect sense to manufacture your feeds as it will go along ways to reducing the cost of production. For the small scale farmers, buying the feeds is best for you because it costs a lot of money to set up a feed manufacturing plant. When it comes to how to start profitable poultry farm in Nigeria, good poultry feeds is key.

  1. Disease Prevention And Control

You can’t have a lucrative poultry farming business in Nigeria if the farm is ravaged by diseases all the time. You must adhere to the vaccines and medications that these birds require to stay healthy at all times. You must never joke with the health of your birds, because if you do that, the experience will be too painful for you.

What’s Next…

how to start profitable poultry farm in nigeria

Believe me, there is no way you will have a profitable poultry farming business in Nigeria without a well detailed and structured business plan. We also offer professional business plan writing services. We provide professional business plans that will assist you in attracting investors that will help move your business to the next level. All you need to do is contact us on +2347037281050 and you business plan will be ready in less than 14 days.

 

 

 

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Making The Best Out Of Your Aquaculture Business

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Undoubtedly, the fish supply in Nigeria today is not enough to go round hence the reliance on foreign supplies by the government and local investors. Fish form a critical part of the daily routine of most Nigerians, it in demand at all seasons and is sought after by people of all pocket sizes. Hence, investing in lucrative Aquaculture businesses at this time is not only thoughtful but timely. This article covers the steps involved in starting and running a profitable Aquaculture business in Nigeria.

The deficit in fish supply in Nigeria presently opens the door for a smart investor to exploit the huge potentials in this untapped market. Investing in Aquaculture is lucrative for many reasons (1) locally grown fishes are comparatively cheaper and (2) locally grown fishes command much patronage across the country. Besides, the marketing side of the business is comparatively cheaper

Why Aquaculture In Nigeria?

There is hardly a tribe in Nigeria that does not consume one kind of fish or the other or that does not eat at fish in one form or the other. This means that for an over 200 million people who eat fish, you can never go wrong starting an aquaculture business. The market for making profits in aquaculture in Nigeria is huge! Besides, compared to starting other agro-businesses like piggery, poultry farming, snail farming or crop farming, starting a fish farm is comparatively cheaper.

When you add the availability of a ready market to the low startup cost, the viability of this business may hardly be questioned. But that’s not all. If you are someone who wishes to start at a medium-large scale, you may easily get loans and grants for this business. The government through its instrument like The Bank Of Industry (BOI) and The Central Bank Of Nigeria (CBN) have made adequate provisions to support people interested in agribusiness of which Aquaculture business is among.

Commercial, microfinance and agricultural banks across the country have also keyed into this idea. Hence, getting the funds needed to run a viable Aquaculture business would not be much of an issue.

With this in mind, I guess you want to know the steps for starting an Aquaculture business in Nigeria today. Here they are:

Steps For Starting An Aquaculture Business In Nigeria

Making The Best Out Of Your Aquaculture Business

Making The Best Out Of Your Aquaculture Business

1.      Step 1: Write an Aquaculture plan

Develop a good aquaculture business plan is one of the first things you have to do when planning to start your fish farm. This, of course, would come after your feasibility study or market survey of the business. For more on what feasibly study entails, please check this guide. Your aquaculture business plan will provide you with the needed guidance on how to start, manage and make profits in your fish farm.

2.      Step 2: Pick A Suitable Fish Farm Location and Farm Size

If you are just experimenting with the business, buying a plot of land for this venture is not wise. The sensible thing to do is to plan the business according to your budget and experience level. So, for a start, you may use a small space at the back of your house and study the business as it unfolds. As you gain more insight about the business, you may upscale.

However, if you are an experienced fish farmer, it is ok to go big but even at that, you have to trade with caution when you are entering a new market terrain. Things may not always go in your favour; you might lose even with your wealth of knowledge and experience. Anything can happen!

Whatever the cases, ensure that where your fish farm is sited is secure, easily accessible to the target market, and fenced around.

3.      Step 3: Choose the Types of Fishes You Want to Grow

There are many options to choose from. You may grow Tilapia, Cat Fish, and/or Salmon (a.k.a Mackerel). The list is endless. You may find out more about the different breeds of fish online or with your local Fingerlings stockiest.

4.      Step 4: Buy Your Fingerlings, Juveniles and Stock Your Pond

Fish is breed as either Fingerlings or Juveniles. While Fingerlings are finger-sized, day to 1 week old fishes, Juveniles are 4 to 6 weeks old fishes. You may breed any of these categories of fishes although the often recommended and readily available ones are the Fingerlings. Fingerlings cost between N20 and N40 naira each while Juveniles cost between N40 and N80. These prices are subject to change. Please, confirm with your Fingerlings and Juveniles stockiest or local farmer for the actual prices.

5.      Step 5: Construction Your Pond

Fish lives in fish ponds. So, you need a fish pond for this business and they come in three types namely Earthen, Concrete, and Plastic ponds.

  1. Earthen Pond

As the name suggest, this is a fish pond made of earth or mud. The soil used for constructing an earthen fish pond should have at least 20 to 25 percent clay to enable it to retain water easily. The pond may come in any form or shape however most people prefer it in the rectangular shape.

  1. Concrete Pond

Just like the name suggest, Concrete ponds are made with concrete which is a mixture of sand, cement and gravel. You may construct it yourself if you have the know-how or engage the services of an expert to do it for you. The height required is 4 to 5 coaches of blocks (i.e., 4 to 6 feet deep) while the length required is10 by 12 feet. The construction should be properly done with an efficient drainage system to prevent harm to the fish.

  1. Plastic Pond

Besides being the cheapest type of fish pond, it is the easiest to get and is best for people just starting out in the business. Plastic fish ponds are readily available in the market. All you have to do is buy them according to the shape and size that you need, place them where you want to and introduce the fish therein after filling with a sizeable amount of water. Viola! Your small fish farm is up and running. If you cannot find the plastic ponds, simply buy plastic tanks such as GeePee tanks or any other large size container and use it to rear your fish.

6.      Step 6: Get Adequate Water Supply

To run a fish farm successfully, you must never run out of clean water supply is this is the very material on which fishes thrive in. You need to empty the pond at intervals else the fishes may choke and die. This means water must not be in short supply at any time. If you can’t dig a borehole, dig a well.

It is not advisable to use chemically treated water or rainwater as this may be harmful to the animal. The best water for rearing fish is natural water so that the fish can have the feeling that they are in their natural habitat. This way, they grow better and faster.

7.      Step 7: Feed Your Fishes (Feeding Ration)

Commercial aquaculture business thrives on synthetically produced fish feeds. There are many varieties of fish feed to choose from but the popular are Aquafeed, Raanan, and Livestovit.  You have to feed your fishes at least twice daily.

Besides the regular fish feed, fish vitamin supplements are essential for viability and maximum growth of your fishes. You should provide the animals these fish vitamin supplements to diseases off and keep them healthy.

While changing the water in a fish pond often is recommended, avoid doing do immediately after feeding to avoid vomiting.

8.      Step 8: Sale after Maturity

Once your fishes are ripe for sale, you need to find out the current selling prices of the fishes in the market. You can find this out by doing a market survey for prices. Your target market includes B2B like schools, churches, restaurants, bars, hotels, clubs, companies, and supermarkets. You may also sell to direct consumers who may buy in wholesale or retail. Either ways, you make profit!

A good practice is to inform your prospects few weeks to the availability of the product so that they may be ready to buy once it’s available for sale.

Factors That Can Affect Growth of Fish, Possible Problems in Aquaculture and How To Solve Them

Heredity, water quality, feeding rate, disease, and environmental factors (climate, air pollution, pests, etc.) are some of the common factors that may affect fish growth. Common possible problems in aquaculture include competition from other fish farmers, local fishermen, high cost of feed, issues with theft, and trade union issues.

You will find it difficult to prevent or at least mitigate these problems if you lack the required knowledge and experience in aquaculture business. That is why I recommend that anyone starting a business of this sort first learns the business thoroughly before setting out.

You may gain the required knowledge for running a profitable aquaculture business by undergoing apprenticeship under the supervision of an expert fish farmer for at least 3 months. During this time, you will learn the basics and also gain the needed experience in this business.

If you choose to study materials online, read books, study documentaries and start a fish farm with that knowledge, it’s still fine.

What I recommend is that you start the farm under the supervision of an experienced fish farmer and consult him/her although your journey in the business till you are firm enough to run the business on your own. That way, you will avoid unnecessary loses in the business.

To complement this, find out and attend seminars related to this business to gain traction of the latest developments in the business.

Conclusion

You may go into aquaculture at any scale – small scale, medium or large scale. It is up to you and your capital. However, whatever the mode of operation you choose, there is always an opportunity to make decent turnaround from the business. You can scale up/down as you gain more insight (and income) about (in) the business.

This article considers the basics of Aquaculture business and explains the steps for achieving a significant success in this business.

Possible Problems in Aquaculture

These include :

Bad Farm Site

Good location is necessary for a business to thrive. Ensure you set up in an easily accessible location.

Climate

As much as possible control the water temperature in the pond. A rise in water temperature can affect the survival rate of juveniles, egg production and reproduction rate, an increase of your fish farm.

Competition from Local Fishermen

You can curb this by getting whole buyers like hotel managers,  restaurant owners etc. to buy from you because local fishermen sell at low prices.

Disease

Diseases are a major threat to aquaculture, ensure you look out for any signs of sickness such as loss of appetite, sluggishness, discolouration, etc. and employ the services of a Veterinary doctor when necessary.

Important Things To Note.

  1. Attend seminars to gain knowledge from aquaculture experts.
  2. Make water available in abundant supply.
  3. Practice spot feeding to avoid water pollution.
  4. Purchase healthy Fingerlings and Juveniles.
  5. Replace water after two or three days with fresh water
  6. You can also join fish farmers associations to share ideas.
  7. You can obtain Agric loans from the government to expand your fish farm business.

This article will on this website go a long way to help you and your friends. Share it across on social media.

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How To Tame Economic Hardship and Insecurity In Nigeria

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It is not enough to know that times are hard. You need the know-how on how to get out of hard times and harsh economic conditions. Yes, times are hard in Nigeria, and so is it elsewhere. Amidst the hard times, people still survive. The question, therefore, is, “how?”. That is, how can I survive in Nigeria despite the harsh economic and social climate? That is what we are here to find out. Come with me, let us walk this walk together.

In this discussion, I will show you about 5 simple, yet trusted ways to survive the hard times in this country. But before I get into the details, please realize one thing, and that is the fact that nowhere is like home. Nigeria is a land blessed with enormous potentials for success.

Anyone with the dexterity of a hustler and a die-hard commitment to succeed who succeeds here can succeed anywhere. So, sharpen your mind to conquer the hard times here, so you can stand tall and face the world. The survival quest is a mental game, it is a game of the mind. Once you win your mind, you win everything.

So, come on, let us win this monster called hard times in Nigeria.

How To Tame Economic Hardship and Insecurity In Nigeria

How To Tame Economic Hardship and Insecurity In Nigeria

Make Wise, Calculative Financial Decisions

Since you are knowledgeable of the present hard times in Nigeria, as indicated in contemporary economic and social realities, there is, therefore, the need to make calculated decisions, especially as touching matters of finance. The decisions of today, no matter how minute and seemingly insignificant, that will decide how far you will go tomorrow.

There is something called the scale of preference, against which you rank your needs from the most pressing to the least important. This scale could be a mental painting or a jotting on a paper which shows what should come first and what should follow in the quest to satisfying your needs.

You could arrange your scale of preference on a daily, weekly, monthly, quarterly or daily basis. It will really help you in the area of financial management and decision making. Create one right now if you’ve not gotten any yet. It will really help you deal with the attitude of impulse buying.

Value Every Money That Comes To You

There is need to be conservative with spending. Every denomination and pay counts. However, the money gets to you, value it. No denomination is valueless, so valueless that it cannot buy something, no matter how small the product or service is. Careless spending should be avoided as fast as possible.

There is no such thing as more money in the bank, hence room should be opened for spree-spending. Do not put your money in a bag filled with holes by going into things like gambling, betting with huge amounts of money. Every kobo counts. So, value every money that comes to you.

Save More And Spend Less

Develop the attitude of saving more and spending less. Yes, everyone loves to spend, but not everyone loves to save. But when you save money, you are securing yourself and your future from impending disaster. The best time to start saving money and spending less is now.

Saving is an attitude that must be cultivated or grown with time, especially for those who are not used to it. It takes away the false sense of security and gives you hope of a secured financial status.

The mentality of squandering all before the next salary comes should be incinerated. The salary, of course, may not come again, or even if it comes, may be delayed. So, what do you do when things unexpected happen? You fall back on your savings. What happens in a situation where you did not have any savings? You will experience a double version of hard times. That is why it is advisable to develop the attitude of saving for a secured future.

Keep Off Late Night Movements

Knowing very well the nature of Nigeria’s terrain, especially at night, it is inadvisable to engage in any form of business during the dark due to the activities of the men of the underworld during such times. It is very risky to flaunt this directive, given its negative repercussive effect. Late night meetings and transactions should be avoided, while jobs and offices should not be so far away from the home, to avoid the chances of returning home very late at night.

Keep Off Late Night Movements

Steer Clear Of Areas That Are Security-Breached

Try as much as possible to steer clear of security-breached parts of town or city. This includes conflict areas, areas prone to kidnapping and armed robbery, violence etc. such areas exists in every town. So, try and find out by asking around. Be vigilant. Do not take laws into your hands.

Take The Security Of Your Home Very Seriously

Take it upon yourself to guard your home vigilantly. Beware of assumptions. That you’ve not been robbed before is not a guarantee that armed robbers will not come visiting one day. What if they come? Where you have put security measures in place against their visit, you have nothing to worry. This includes having police and other security agents’ contacts, alarm systems, burglary-proof doors and windows, protectors, movement and crime detectors, as well as CTVV cameras.

Do A Careful Examination Of Commercial Vehicles Before You Board Them

Safety, especially when it comes to commercial transportation cannot be relegated to the background. As is commonly said, “it is better to be safe than sorry”. So, before you board any vehicle, take your time to crosscheck the vehicle especially the occupants. If your spirit or intuition does not tally with what is going on, kindly desist from it. shine your eyes very well before you board any bus.

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How To Start Short Code Business in Nigeria

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But if not short code business, then what else would sell faster to a country with over 200 million people? Here, we have more than. In this statistic, a large fragment or proportion of the population send and receive. This makes short code business the preferred business destination, given the large and ready population. Our detailed and well explained guide on How To Start Short Code Business in Nigeria.

At present, over 150million Nigerians own or make use of GSM phones which are capable of sending and receiving text messages in the form of Multimedia Messages (MMS), and/or Short Mobile Messages (SMS). A Short code message is a subset of SMS. Short code are numbers shorter than full numbers which can be used to address wireless SMS and MMS messages from mobile phones or fixed lines. E.g. 33383 (Nigerian Communications Act, 2003)

How To Start Short Code Business in Nigeria

Why Start Short code business?

When you receive a short code message and you subscribe to the product/service prescribed in the message, a percentage of your fee goes to the service providers while the remainder goes to the third party (individual or business entity) who initiates and provides the service. That is the business of Short code business.

If you are considering a viable business to start or another line of business to go into with good returns on investment, then go for Short code business. In this guide, I take you through the business of short code business – steps to the business in Nigeria and how to make good profits from it.

Categories of Short Codes

Below are the 2 main categories of short codes:

  1. Shared or associated short codes:
  2. Dedicated short codes:

Shared or associated short codes:

In Shared or associated short codes are short codes, multiple brands pull their resources together to setup and finance the short code service. The profits from the business are then stared according to an agreed sharing formula.

Small business owners who cannot bear the running costs of short code service may subscribe to this service as it takes the burden of financing the entire project off the shoulders.

Dedicated short codes:

Here, individual brands own and manage the short codes and are cater to the starting, running and maintenance costs and fees of the short code service.

Forms of short Codes.

Short codes can be used in the following ways:

  • Text to win promos: here, the user is required to text a particular word to a certain 4,5 or 6 digits number to stand a chance to win a prize. e.g. Text Chelsea FC to 33842 for a free ticket to watch FA cup final at Emirates. Or Simply dial *5966# to get started on the Prudential Zenith Hospital cash plan today. T&C applies.
  • SMS Voting: These are short codes are otherwise referred to as “opinion polls” and are mostly used for on social or political causes. i.e., Text “Ahmad” to 1887 to vote “Ahmad Chinedu”
  • Mobile Banking: These short codes are used for carrying out financial transactions.
  • Social Surveys: just like SMS voting, social surveys short codes are used by experts like researchers to elicit public opinion via social surveys which data is used to validate or falsify research studies.
  • Health Tips: Short codes are used to share information on health tips.
  • Prize draws
  • Business and Financial tips.
  • Validation of pinsg. ATM pins, Mobile token etc.
  • Charity donation

Reasons Why Short Codes Are Preferred

Short codes are preferred because

  1. The numbers are easy to remember.
  2. Short codes engage prospective customers
  3. They aid sales.
  4. They provide authentic data for a cause – research, politics, social opinion, etc.

Profitability of Short Code Business In Nigeria:

Short code business is without a doubt very highly profitable. Imagine what you stand to gain if 2 to 5% of the number of GSM subscribers in Nigeria (over 150 million people) subscribe to your offer through short code service. You could be earning millions in a matter of days.

How to Start a Short Code Business in Nigeria

The steps are outlined below:

1.                  Create a Business Plan:

Just like any other business, you need a business plan. This will helps you to chart the course of your business effectively. If your business is registered, your business plan should have your business name and a detailed documentation of the strategies you intend to implement to make profits and sustain the business.

3.                  Follow the Rules of the Business:

The Nigerian Communications Act 2003 documents the rules and regulation governing Short codes business in Nigeria. Endure you study and abide by the tenets of the business and contained in the Act. Failure to abide by these rules may result in serious consequences.

4.                  Define your Target Audience:

Just like there are different kinds of short codes, there are different categories of customers which a short code business targets. Your choice of audience should be determined by the kind of information you intend to disseminate.

5.                  Choose your unique keyword:

When choosing Keywords, go for ones that are easy to remember and I related to the idea you intend to convey in your short code messages. Your keyword must lie between the 4-11 characters.

6.                  Choose your short code setup company:

There are many short code setup companies in Nigeria to choose from. You are free to choose any one of your choice. However, the popular ones include supreme short codes guarantyshortcode.com, and online advertisingng.com.

Things to Consider Before You before choosing a Start a Short Code Business Company In Nigeria:

Undoubted, there are several short code setup companies in Nigeria to choose from. However before you choose a company, endeavor to check for the following:

  1. The terms and conditions, price of the setup company and network operators as well as
  2. Setup company’s Conflict resolution portfolio/strategies should any issue arise in future.
  3. Quality of information provided by setup company and network operators.
  4. The level/quality of service provided by the short code company.

Extra ways to Make More Money From Short Code Business in Nigeria

Another way to make money from short code business besides the percentage royalties you earn from users subscription is to use the subscribers numbers for bulk SMS business. Here, you may choose to resell the subscribers contacts to third parties or use it to market your products.

Nigeria Short Code Business Marketing/Profitability Tips

  1. Market your short code business aggressively
  2. Put in place efficient customer care/support system to attend to subscribers issues
  3. Share relevant information to help your subscribers maximize the benefits of your service.
  4. Invest your time into building this business.
  5. Leverage the income streams your short code business provides to grow the business or supplement your startup capital with.

Conclusion

Friend Nigeria’s business climate is generally turbulent, somewhat complex and highly competitive. It could be daunting to start and sustain a credible business in Nigeria if you lack the proper clue in business management. That is why I recommend prospective business owners to have some knowledge of business management to augment their skill base. To reap great benefits from this business, a sound understanding of the target market is very important. Go into business for the right reason – to meet a need and prepare to surmount all hurdles that may spring up. With the right mindset and strategy, you can start and run a profitable short code business in Nigeria today.

This article is just a brief on what short code business entails. I invite you to do your own detailed research on the business to find out more.

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