There has been a lot of buzz lately around a business center in Nigeria, and the business has risen to become one of the most lucrative start-ups for individuals with low budget.
A business center, if well sited can be raking in as much as ₦200,000 monthly for the owner, and the cost of setting up one would be an average of ₦400,000, depending on location and the items you purchased as a start-up.
Some of the services carried out in a business center in Nigeria include:
Spiral binding
Photocopying
Typing
Scanning
Printing
Disc burning (optional)
Laminating (optional)
Digital passports (optional)
Online registration of examinations (optional)
To succeed in the business, you need to site your business in a very good location. I advice you place it somewhere near a campus, or very close to a hot spot such as a local government headquarters (I have seen business centers booming in such areas).
Items Required To Set Up A Business Center And Their Estimated Prices
Some of the items required to set up a business center in Nigeria and their estimated costs for purchase include:
Shop – minimum ₦60,000 annually, depending on location. You need a very good location to grow the business.
Sign post – ₦15,000
Generator Set – ₦95,000
Laptop Computer – ₦70,000
Printer – ₦65,000
Inkjet Printer – ₦13,000
Laminating machine – ₦20,000
Extension wire – ₦1,000
Electric installation – ₦10,000
Furniture – ₦10,000
Spiral binding machine – ₦17,000
Digital camera – ₦20,000
Photo printer – ₦15,000
Plain fabric – ₦500
Fuel container – ₦500
External CD drive – ₦3,500
Stapler – ₦500
USB Flash – ₦1,500
Bio-metric scanner – ₦3,000
SIM card – ₦300
Scissors – ₦300
Total budget: ₦500,000 (estimated, miscellaneous included)
You will also need to budget for your internet subscription, and you can get 6GB worth of data for only ₦1,500 from Airtel and MTN, or go for 7GB for ₦1,500 from Glo and 9Mobile.
You might not expect to make much progress within the first few days, but the business is such that can boost without much advertising.
However, I suggest you print posters with your phone numbers and paste around school areas, with inscriptions showing that you offer discounts better than your competitors.
Also Read: A Seven Way Guide on How To Start Up Your Own Business In Nigeria
For instance, you can be discounting ₦50 for every ₦1,000 photocopying job you do as a starter, and people will be coming around to benefit from that since others don’t do it.
Which ever way you choose to run the business, always make sure you get the best results at the minimum costs.
If fueling your generator will break your pocket, you can combine with others at a subsidized rate.
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