​Point of Sale/Service Terminal Agent

​Point of Sale/Service Terminal Agent

  • Average Capital Requirement: N100,000
  • Summary:

This business is about meeting Financial transaction needs of people at a fee of between 5 -10% using a POS terminal. With proper location of your business you can make over N40,000 in 2 weeks and with an N100,000 business per day, you can double your capital in just one month.

  • Introduction:

POS terminal is a portable device that allows you as a retailer or merchant collect payment from customers using debit card. The kind of transactions that are covered includes transfer from one account to another, payment of bills, balance enquiry, and drawings; it is a kind of mobile ATM. This becomes a business for you as an entrepreneur if you understand how you can use this device to meet these financial transaction needs of people for a token.

  • Required Resources
  • Assets

An outlet; a shop or Kiosk

At least 2 different banks Personal debit cards, preferably savings account with only email alerts to avoid cost of SMS alerts

A POS terminal (Free to Current account holders upon request at most banks but with between 0.75 to 1% service charge per transaction).

  • Personnel

One personnel is okay

  • Capital

Average of 100,000

  • Required Skills

Ability to operate the machine effectively. If you are very conversant with the ATM, you are halfway there.

Interested? Download full breakdown POS BUSINESS

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Top 20 Most Lucrative Businesses In Nigeria

The trend of business changes from time to time, even though some by nature of geographical location and level of development would always be relevant. The choice of business to go into, however depends on how long you want to be in such business, your long term plans and availability of capital. Find below 20 most lucrative businesses in Nigeria as listed by WealthResult.com. 

List Of Top 20 Most Lucrative Businesses In Nigeria

By WealthResult.com

1. Agriculture

This is the next revolutionary industry in Nigeria where millionaires are currently being made. Nigerians both home and oversea are beginning to wake up to the huge potentials in Agribusiness, a sector we have been neglecting over the years due to the discovery of oil. Now that the oil is drying up, people are beginning to look into other sectors of the economy to create wealth. Below are some of the farming in Nigeria that are serious making profit for people now:-

Poultry Farming

This business is making average Nigerians rich. It is so lucrative that even outsiders are coming in to invest in poultry farming the business in Nigeria. And why not, In a country of more than 150 million people, what would you expect? If you start with 1,000 birds and manage your poultry farm properly, when the turnover on investment begins to come, you will be making millions annually.

Cassava Production

People are beginning to turn their attention to this aspect of farming in Nigeria that have been neglected for years. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in a fertile area like Ondo State, your harvest will be great.

Snail Rearing

Snail farming is one of the choice Animal farming for many reasons. It is a low capital investment with high yield and the market is big. There are few people currently doing this – and most of them are doing it in a very low scale. If someone invest heavily in Snail farming, he is sure to make good money in Millions within a year.

Rice Farming

Rice remains the most consumed food staple in Nigeria and Billions of dollars goes into importation of this product yearly from China and Thailand because the local farmer are unable to meet up the demand due to poor funding and limited knowledge. 

2. Sale of Furniture

Buying and selling of Locally made furniture is a goldmine. You don’t need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only few can afford the imported designers.

3. Making of Fruit Juice

Nigerians drink fruit juice more than any other people. That’s why companies like La Carcella and Chivita who came into the country as nobody are today making billions of naira annually. This business is capital intensive but if you can afford it, it’s well worth it.

4. Pure Water Production

You know how popular this is in Nigeria and how many that are dispensed daily. Though this business is capital intensive but well worth investing into, especially if you can manage it properly with professionalism.

5. Oil and Gas Business

We are blessed  with huge deposit of oil in our land which presents some of the finest business opportunity for Nigerians and Foreigners. Owning a Petrol Filling Station, Supplying of Diesel , and Distribution of Kerosene are some the areas you can invest easily and make good money for yourself. Petroleum product marketing have been making millions for people and creating millionaires in Nigeria for years.

6. Haulage Services

The cost of taking a truck from one place to the other in Nigeria is between N20,000 to N200,000 per trip. Due to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one. Petroleum products haulage and movement of goods from manufacturers and importers are the aspect of haulage in Nigeria that is very lucrative now.

7. Hotel Business

This is probably the coolest money making opportunity in Nigeria. Invest in small scale hotel of just 10 suites and watch as the money flows in. This has nothing to do with tourism boom of any kind; there is just something in Nigerians system that make this business very lucrative – Nigerians are jolly people!

8. Fast Food Eatery

Eatery business is another goldmine though poor management can kill it fast! If you wish to go into this business, be sure to get everything right and don’t forget it’s a bit capital intensive and requires good management skills. But if you get everything right, free money is yours.

9. Importation Of Tokunbo Spare Parts

If you are in USA, Germany, or Denmark, this business is especially good for you. Don’t just keep importing exotic cars, gather tokunbo spare parts in containers and ship it down to Nigeria. There is huge market for used (tokunbo) spare parts in Nigeria.

10. Investing in Property

Property appreciate everyday in Nigeria. Right now, Nigeria is one of the countries in the world where landed property is most expensive. If you buy land now anywhere in Lagos, you are sure to make 100% profit within two years. You can buy and quickly resell and make profit. Or you buy keep and sell later.

11. Dry Cleaning

Professional dry cleaners at affordable prices are scarce in Nigeria. What we have are professional Dry Cleaners whose service fees are extremely high or mediocre dry cleaners who can never keep with time. Give them cloths today and meet it unwashed after one week. This business is a money maker if you balance it up.

12. Professional Car Wash

This business is good if you can set it up in a strategic location in a place like Lagos where there are good number of cars. 

13. Sales Of Building Materials

The rate at which new houses are springing up in Nigeria, you get to wonder why many people still complain of housing problem. Investing in building material is a good business in Nigeria. I can count some guys who are making millions almost daily in this business.

14. Transport Business

What we have in this sector of the economy is transport companies badly managed by local chiefs and touts. Invest in this business with good management and you will be wondering what hits you with bags of money. 

15. Nursery And Primary School

School business has no rival among it’s mate. My little kids school fees take away close to a million naira per term just to learn ABC! School business in any level is a serious business in Nigeria that generate millions of naira.

16. Exporting Of Raw Materials

There is no better way to grow the economy than to exporting some of the raw materials that are abundant in the country. So with this business you would be doing both the country and yourself a whole lot of good.

17. Online Advertising Agency

As the Nigeria’s online presence keeps increasing, so is its advertisers. Thousands of businesses in Nigeria are taking their business online to leverage the massive community of Nigerian internet users and market their products. This influx has created another business opportunity in Nigeria for savvy digital marketing experts. You too can setup your own online advertising agency in Nigeria today and make millions.

18. Fashion Business

Nigerian people are probably some of the trendiest people in the world. Fashion designers are becoming millionaires on daily basis in Nigeria, thanks to the revolution in the Nigerian fashion business orchestrated by the boom in the entertainment industry in Nigeria.

19. Media And Show Biz

You and knows Nigeria is the capital of entertainment in Africa? You also knows Nigeria is the highest consumers of media content in Africa? Now you can see how viable and lucrative media and show biz can be in Nigeria.

20. Investing In Internet Companies

This is a new crop of investment opportunity that is creating Billionaires around the world including Nigeria. It is simple. You don’t have to be a Tech person, look for a creative online tech startup with good ideas and invest. Within 1 to 2 years you will be counting your profits in millions.

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The Fastest Way To Grow Your Business

The Fastest Way To Grow Your Business

Sometimes we make business far harder than it is.
We over-think our strategy, complicate our product line, worry too much about our staff.

All of these are important issues to be sure, but they pale into insignificance compared to the one area of business that contributes most to success.

That area? Time spent daily on Sales.

I have mentored literally thousands of business owners and almost every time I see a business not performing it is primarily because they are not spending enough hours in the day on the sales process. Either refining how they sell or getting out there and getting face to face with potential customers.

How much time should you spend on sales? Well if you’re running a new business you should devote at least 80 % of your day to it.

If you’re an established business you should spend at least 30% of your day on the sales process or connecting with customers.

Does that sound too extreme? It shouldn’t. What else could you be doing that is more important?

When you spend most of your time selling opportunities quickly arise. Door open. Checks get written. Good things happen. When you stay in your office talking to your staff, pontificating over product details, admin and minutiae you may progress your business, but you won’t greatly increase your revenue.

Only going out there and asking more people to buy your stuff will make a real difference in the long run. All else is tinkering at the peripheries of success.

All great companies are great at sales:

Oracle . McKinsey. IBM . Nordstrom . Even Herbalife. They grew huge not just because of the quality product line (the world is filled with companies with great products that are struggling to survive) but their utter commitment to selling it better than their competitors. And getting out there and asking people for their business.

Here’s an exercise well worth trying: Sit down and work out what the average amount of time is your people are spending each week either directly selling or on improving the sales process. Then set a goal to triple it, starting next week.

You may say you’re too busy. You may protest that you have too many other things to do. But if you can just bring yourself to drop these excuses and try this technique, you will be stunned at how quickly your business improves.

Sales should be the absolute center of what your company does, every single day. Ignore it at your peril. As the founder of IBM, Thomas Watson once remarked, “Nothing happens until somebody sells something.”
By Siimon Reynolds
JUL 11, 2013 

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E-Soup Business


Average Capital Requirement: Zero Capital

Summary: Do you want to put food on the table for choice clients in style making an average of N180,000/month after the first 3 months? This business is the real deal for you if you can cook very well and you can use the social media to market.


Someone once said that social media is nothing till you can download food to eat, I guess that era is here already. E-soup is a business that allows target individuals download food, figuratively speaking with your help while you make money.

Required Resources


Social media platform (Website, Facebook, Twitter, Instagram etc.) for your marketing
Cooking utensil (well set kitchen, pots, gas cooker etc.)
Packaging plastics (1liter – 4 liters)
Delivery channel (you can deliver yourself or get a delivery personnel who gets paid per delivery)
Deep freezer to preserve excess


For starters you alone will do, then you can grow your personnel with the business

Most of the things you will need are your basic household stuff. So capital required is zero but you should be ready to use your social media skills to market your business or get a social media marketer involved.

Required Skills

Excellent cooking skill with eyes for details especially with clients that are selective with what they consume

Good social media marketing skill

Good organization in terms of record keeping, client follow up and relationship management

Patience with business through the growing stages

Download full article for free E-Soup


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Snailery Farming

Snailery Farming

Summary: Snailery or snail farming business is one of the most lucrative farming business in the world. With a growth of about 200% annually, it is very hard to make loss in this business. With a start-up capital of N10,000, you can earn over N10,000,000 in a little over 3years.


Snails are hermaphrodites, meaning no male or female snails as such with a startup of 5 fully grown snails you can harvest 1000 snails after 18months. With a well-planned farm structure and harvest structure snail farmers, can harvest every 3moths after the first 18months. No smell, no disease, low cost of maintenance, high productivity rate, and excellent returns on investment; it is all a farmer wants.

Required Resources
Pen space
Snail stock
Water system

As farm grows

Minimum of N10,000
Required Skills
Attention to details

Interested click here to download free Snailery Farming

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Setting Up Your Ecommerce Website

Setting Up Your Ecommerce Website

​There is so much money to be earned online these days that you can become a millionaire just working from home. One of the major ways people make money online is by owning an eCommerce website. eCommerce website is simply an online market/store where people buy and sell different types of stuffs and deliver before or after payment. Products on eCommerce websites include ebooks, fashion items, electronics, arts, food and pastries, services etc. Examples of ecommerce sites include Jiji, konga, alibaba, olx etc. 
eCommerce websites has three distinct features:

1. Products to trade

2. Shopping cart software

3. Medium of payment and delivery

Ecommerce Webpage

Brent Gleeson wrote about the 3 Steps To Launch Your First eCommerce Website on Forbes, below is the summary.
Step 1 – Choosing an Industry and Product

For some, this is the hardest step of the process and can cause a lot of headaches. Choosing the right product to sell online can have a huge impact on whether or not your eCommerce website is successful. 

Step 2 – Finding Manufactures with Great Products

Now that you’ve identified which products you want to sell it’s time to find out who the manufactures are. 

Note that aside from selling your own stuffs (in case you are a producer), you can also sell for friends and other interested manufacturers.

Step 3 – Setting up the Website

So you’ve chosen your products and found a few manufacturers to work with, what next? Get the website up and running.

Read full Brent Gleeson article here 3 steps to launch your first ecommerce website

Examples of website that have automated eCommerce software are:


WordPress.com (business plan)



Google store etc.

For the best result you can contact a professional website developer.

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Laws of Money

The 21 Absolutely Unbreakable Laws of Money by Brian Tracy (Summary)

The aim of starting up a business is to make money, no matter what the underlining motives of a business or an organisation are, money is what it takes to grow. No matter how wonderful or brilliant an idea may seem, if it is not bringing in money, it is almost as useless as doing nothing, if not worse. Money is more than cash we have at hand or in the bank, money includes both current and potential (future) earnings a business can provide, therefore it is most important to understand the basic laws that guide making money.

Your business is like a money tree, as cool as this sounds, it will take conscious efforts and time to have good harvest.

  According to Brian Tracy, there 21 laws of money and in this article, we will looking at all these 21 laws as briefly as possible.

1. The Law of Cause and Effect: Everything happens for a reason; there is a cause for every effect.

2. The Law of Belief: Whatever you truly believe, with feeling, becomes your reality.

3. The Law of Expectations: Whatever you expect, with confidence, becomes your own self-fulfilling prophecy.

4. The Law of Attraction: You are a living magnet; you invariably attract into your life the people, situations and circumstances that are in harmony with your dominant thoughts.

5. The Law of Correspondence: Your outer world is a reflection of your inner world and corresponds with your dominant patterns of thinking.

6. The Law of Abundance: We live in an abundant universe in which there is sufficient money for all who really want it and are willing obey the laws governing its acquisition.

7. The Law of Exchange: Money is the medium through which people exchange their labor in the production of goods and services for the goods and services of others.

8. The Law of Capital: Your most valuable asset, in terms of cash flow, is your physical and mental capital, your earning ability.

9. The Law of Time Perspective: The most successful people in any society are those who take the longest time period into consideration when making their day-to-day decisions.

10. The Law of Saving: Financial freedom comes to the person who saves ten percent or more of his income throughout his lifetime.

11. The Law of Conservation: Its not how much you make, but how much you keep, that determines your financial future.

12. Parkinson’s Law: Expenses rise to meet income.

13. The Law of Three: There are three legs to the stool of financial freedom: savings, insurance and investment.

14. The Law of Investing: Investigate before you invest.

15. The Law of Compound Interest: Investing your money carefully and allowing it to grow at compound interest will eventually make you rich.

16. The Law of Accumulation: Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.

17. The Law of Magnetism: The more money you save and accumulate, the more money you attract into your life.

18. The Law of Accelerating Acceleration: The faster you move toward financial freedom, the faster it moves toward you.

19. The Law of the Stock Market: The value of a stock is the total anticipated cash flow from the stock discounted to the present day.

20. The Law of Real Estate: The value of a piece of Real Estate is the future earning power of that particular piece of property.

21. The Law of the Internet: The Internet is a tool for rapid communication of information of all kinds.

Other must read about Money

The 48 Laws of Power (Executive Summary) 

7 Principles To Help You Work Smarter; Not Harder

Jordan Rule

Inconvenient yourself now so you can be comfortable later

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