Online business in Nigeria has provided a lot of benefits and opportunities for entrepreneurs who leverage the power of the internet to make money online. The truth remains that not everyone can make money online because making money online isn’t really as simple as claimed by most internet marketers.
For you to start an online business in Nigeria that would generate money for you, it is imperative for you to know how to use digital media for your advantage. Right now, the entire world seems to be revolving around the digital media and things are gradually changing from what they were known for.
Through the power of digital media, anyone can make bank transactions from the home, buy goods and shop for products online, use digital currencies, cryptocurrencies and e-wallets to make utility payments and through the power of the internet, a smart person can start a business in Nigeria online. In this post, you will get five tips on how you can get your online business started.
Have A Business Plan
You need to construct and structure a business plan which will plan and direct you on how to administer the activities and execute different functions in your business.
This part is very important if you are just starting up the business and may require paying a visit to financial institutions for loans or meeting with investors.
Register Your Domain Name
Since the business is going to be based online, you will have to register a domain name and set-up a website for your business. A domain name should be short, easily spelled and must be related to your business or your business name.
Your domain name forms a part of your brands’ identity, this is why you must be careful when choosing domain names. Examples of brands and businesses with domain names include www.google.com, www.apple.com, www.microsoft.com, intogeek.net
Register Your Business
After you must have selected a domain name, you will proceed to register your business with the Corporate Affairs Commission. The Corporate Affairs Commission popularly known as the CAC is the body which is solely responsible for registering companies in Nigeria.
A certificate of incorporation for the CAC is an impression of how serious you are with your business and this will attract you more clients.
Registering your online business gives you the license to operate as an online business venture in Nigeria.
Create Your Social Media Channels
Having a good social media profile is good for the health of your business. You can set up accounts on different social media platforms such as Instagram, Twitter, Facebook, WhatsApp.
Your activity on social media can help build a relationship with your customers and when there is trust in business, you can make sales from your business even when you are not planning on selling anything.
Monetize Your Online Business
Lastly, you will have to pump some money into your business. This could be done to advertise your business, to brand your business or to create more awareness about the products and services offered by your business.
Advertising is good for the growth of your business. There are several methods of advertising your business. You can invest in online ads or print flyers.
Better still, you place your adverts on High traffic websites like Bulk SMS Nigeria or nairaland.com. You never know, you could get a lot of sales from doing this.
Refine and redefine your revenue model to ensure that your business stays active and relevant above that of your competitors.