Tag Archives: Business tips

Merchant Business

Posted on November 27, 2016 by psalmselah

The profit margin depends on how rare the product is, your business location and few other criteria that would be explained shortly. The average profit is worked at between 5-20% of cost. Hence with a turnover of N100’000/week you can have a profit of about N20’000/week and N80’000/month. Continue reading →

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Preneur101: Intrapreneurship Vs Entrepreneurship

Posted on November 13, 2016 by psalmselah

Work within your strength; whichever you decide to go for, be passionate about it, remember innovation and creativity are the words –Preneurship is the idea. You can be whatever you choose to be. Continue reading →

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CAPITAL FOR YOUR START-UP BUSINESS

Posted on October 30, 2016 by psalmselah

What most people see as the major problem of start-ups is capital and on many occasions I have emphasized that the problem is not capital but getting realizable ideas, having said that raising capital is by no means a small obstacle. Continue reading →

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Starting Up A Make Up Artist Business

Posted on October 16, 2016 by psalmselah

Being a makeup artist offers you a unique opportunity to try out your colour combination skills and creativity while getting paid for it. With an investment of between N20,000 and N200,000, you can rake in a minimum N25,000 on weekly basis. Continue reading →

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Simple Hustles for Students

Posted on October 9, 2016 by psalmselah

As students there are many ways you can hustle and make something for yourself, and maybe develop it into something much more. Continue reading →

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Dog Breeding Business

Posted on September 25, 2016 by psalmselah

If your favorite pet is Dog, this offers you a rare privilege to have fun with your favorite pet and yet make enough money to live the life have always wanted. Continue reading →

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Internet Speculation Business

Posted on September 17, 2016 by psalmselah

This business can easily make you an overnight millionaire depending on how good, fast and predictive you are. Some have described it as gambling but the success rate of ISB is quite high Continue reading →

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10 Ways to Beat Competition: Way 10 – Using Advertisement

Posted on September 13, 2016 by psalmselah

If the ultimate aim is to beat competition and stay in business profitably then your products must be advertised using the most frequent medium by your potential customers. You must advertise. Continue reading →

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10 Ways to Beat Competition: Way 9 – Using Endorsements

Posted on August 23, 2016 by psalmselah

Beating competition requires that you tilt the scale in your favor, by making sure it is no longer a level playing field. You ensure that some factors work in your favor to help redirect customers to your own business till you claim the largest share of the market. Continue reading →

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10 Ways to Beat Competition: Way 7 – Using Incentives and promotional offers

Posted on August 5, 2016 by psalmselah

Incentives and promotional offers as a tool is one the traditional tactics in business, however using it as way to beat competition requires you as a business person to study your competition and execute your incentives or promotional offers without eating too much into your profit. Continue reading →

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