Businesses to start with small capital that makes good money returns.

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Starting a business could be risky and capital intensive

Understanding a good place to invest is a very good place to start. while you grow your investment over time

The recent diversification goals of the federal government have increased local production drastically and seen the importation of goods drop marginally.

This has made Nigeria more attractive as an investment destination and lucrative for offshore investors to bring their capital, skills and business trade into the country.

A good way to spur these investments is for government to provide incentives for companies that are engaged in production of export commodities, providing new jobs and increasing local production that is vital for growth of our nation.

Below is a look at investment opportunities for individuals and businesses to consider;

 

Foodstuff exports to African diaspora and neighbouring countries

With over millions of Nigerians living in diaspora and with continuous migration, there has been an increase for foodstuffs and ingredients to these regions United Kingdom, United States, Russia and Europe.

This opportunity creates a huge gap that needs to be filled with supplies from Nigeria to the foreign countries.

The advantage of it is that, once you secure a supply chain to the country, demand is usually throughout the year that creates a good cash flow for the business owner.

 

Fast moving export commodities.

The unrecorded trade volume in Nigeria is huge; the local commodities export market is in constant demand all year round for different commodities depending on its season, including Cashew nuts, Ginger, sesame seeds, groundnut, maize, charcoal, shea nuts and many others.

The recently launched inland port in Kaduna by the federal government creates a big opportunity for ease of goods movement from the northern part of Nigeria, where most commodities are sourced from for exporters.

The barrier to success for some of the exporters is securing trusted international buyers, which we have seen government agencies such as Nigeria export promotion council (NEPC) and private export technology companies such as cokodeal.com bridging the trade flow between international buyers and local exporters.

 

Foodstuff Repackaging:

Many items in Nigeria that are not well packaged presents a big opportunity for a business owner, by repackaging it, ensuring top level hygiene, testing it and enlisting its nutrients, ingredients, storage instruction and application as may be needed.

With a well branded product, take it to where there is high demand and resell at a much higher price.

 

Farming:

The diversification goal has spurred local production as it was seen in 2017, local rice, fertilizers and more. There is an increase in demand for food products locally and internationally. Businesses can invest in farming of palm oil, cassava, rice and other fast consuming agricultural products. According to CNN in a recent report, Nigeria is the largest supplier of cassava to tune of 50million metric tonnes annually. There is demand for agricultural produce in Nigeria globally.

Other investors that cannot afford to supervise and produce by themselves can explore platforms like farmcrowdy to help secure farmers that they can invest through and share profits.

 

Food processing:

The raw material produced in Nigeria is often exported or locally sold, providing reduced income for the owners, the opportunity this presents is sourcing locally and processing such raw material to finished goods that can be sold in local market or exported. A recent study shows that African cocoa producers only earn 3% of the cocoa market in the value chain, simply because the raw cocoa is not processed into other derivate that can generate superior returns.

Nigeria is fortunate as an investment hub that offer high returns on investment to local, international persons and companies that harness its opportunities successfully. The need to develop Nigeria economy offers investors’ diverse areas to explore for superior return on investment compared globally.

 

Compiled by: Raymond Agholor

Trade and Investment manager for cokodeal.com

 

To register as a supplier — follow this link —

http://www.cokodeal.com/seller-registration.htm

Article credit:  Cokodeal contributor

For support:

Email: cokodeal@yahoo.com —- service@cokodeal.com —

Whatsapp +2348163229560

 

Cokodeal connecting Africa’s enterprises to $15 trillion international trade market.

By 2018, the African e-commerce market is projected to soar to US$ 50 billion from just US$ 8 billion in 2013 according to reports. To some these figures show gradually the growth of ecommerce in Africa. However there are those who feel Africa should be benefitting more. The huge some of ecommerce transactions and enterprises springing up in the past years have been focusing on serving local markets in Africa.

 

Perhaps it’s time to start thinking markets outside Africa. Put side by side Africa’s ecommerce projection for 2018 with estimation of over US$15 trillion for annual business-to-business transactions and well over US$1.2 trillion for annual business-to-consumer trade in the world according to UNCTAD, and you see the huge opportunities Africa is yet to tap into.

 

While a large number of developed countries keep benefitting from international trade, Africa is still lagging; According to eMarketeer (July 2014) the total international B2C trade from the entire Africa and Middle East region represented only about 2.2% of the world’s total in 2013.

 

 

How can Africa start picking up on international trade?

The invent of internet has made the world a global unit. With just a few clicks from wherever you are, one can access any country’s market. Gone are the days you have to travel thousands of miles to do business transactions. It has evolved the way we do business in the new age we’re in.

E-commerce perhaps is one of the very useful application areas of the internet. An ecommerce platform is specifically built for Business transactions to be carried out largely through the internet, they form a gateway through which buyers and sellers can connect and do business. A few example of such platforms in the world are Amazon, Ebay, and Alibaba.

Alibaba as a typical example, paved way for small manufacturers in China into global market. In 2013, they had 231 million active users, each of whom made an average 49 purchases a year, for more than 11 billion orders annually.

Ecommerce brings the unique opportunity to open access to international markets for small and medium-sized enterprises (SMEs) in Africa; for example a small farmer somewhere in Kano, Nigeria is not limited to only buyers in Nigeria alone; he can have buyers anywhere in the world.

It’s been 2013 ecommerce came to Africa, and very few initiatives are towards promoting Africa to the global market. On their own, efforts by Africa’s enterprises to access markets outside their shores have been the usual brick ’n’ mortar way. Over the years its been almost impossible for African enterprises to trade through platforms like Alibaba, amazon and Ebay as they have access restrictions.

As ecommerce continues to record some success in Africa, the application of ecommerce into cross-border trade is still very much untouched.

Of course the difficulties are there, but efforts should start showing- something like what this particular startup is doing in Africa-Connecting Africa trade, promoting locally made products in Africa and connecting Africa businesses to global markets.

A step like this can be very scary considering several factors impeding Africa ecommerce from growing but Cokodeal has dug in; the past four years, they’ve gained experience, growing network and making their business work. Helping local businesses in Africa connect with buyers within Africa, Europe, Asia, and USA through its online marketplace, broker service and digital marketing expertise.

The profits are huge and the early players stand the chance to reap huge, Africa has enough to offer a large market and these are the kind of developments we want to be seeing in ecommerce in Africa.

Platforms like cokodeal might not be there yet, but we get the idea; and with bit of support, just like China, Africa can be the next international trade hub through them.

Get export contract and foreign buyers on this ecommerce marketplace

Reports say Nigerian export is worth NGN 994.3 billion in June 2017;
While a huge sum of this figure is dominated by crude oil export, over the years non-oil export is gradually growing- thanks to Government’s focus to increase foreign exchange.
However, while Government get credit for their commendable work over the past few years, we must not forget the incredible impact Technology has had in helping boost foreign exchange.
There has been loads of technological products deployed to make life better in health, transportation, communication, trade… etc, perhaps one that’s been impressive for example is cokodeal.com- doing a good job in connecting local manufacturers, suppliers of African produce to global market.
Cokodeal is one of Africa’s shining light in the ecommerce industry. Their focus in promoting Africa’s resource to get buyers from the global market is timely and meets specific long term problem technology is yet to solve in Africa; Their subscribers are local farmers, manufacturers and suppliers of raw materials, agro products(raw, semi-processed and processed), minerals locally produced and grown in Africa. Suppliers on cokodeal get demands from Europe, Asia, and America trading in products like cocoa seed, sesame seed, cassava, palm kernel seed.
They have built a reputation for themselves over the years as one of Africa’s finest upcoming export ecommerce platform.
We know that technological advancement has deferred several norms especially in the way we do business. Exportation business in African is experiencing change. Ecommerce is using technology to facilitate trade. With ecommerce business transactions which would usually take days to transact can be conducted within minutes- it makes things easier.
For Nigerian export business, Ecommerce is bringing in new players into the fore. Small groundnut farmer in Kano for example can be part of or do a deal with someone somewhere in Netherlands, this can be made possible through technology and cokodeal is doing just that.
What we’ve noticed over time are small players coming in to play their part In exportation and making gains for themselves, we’ve had deals range from few Kgs to hundreds of tons. There’s been buying request to meet different supply capacities; this brings in smaller players into the business. – Raymond Agholor (Cokodeal Public Relations)
Cokodeal only deal with their subscribers. These subscribers are entitled a free online store where they can display their business to prospects to give them online presence and wider reach.
Subscribers can pick up an ad package to promote their products to get customers or Cokodeal also contacts them should any buying request come in from any of their trusted buyers around the world (which they often get every now and then).
This model has seen several of their subscribers make good gains along the way.
Only time would tell what the future holds for cokodeal but at the moment, they seem to be holding on really well, gaining experience and ground along the way.
We hope they keep this up and the sky- like they say… would be their stepping stone.
So are you into agro business and looking to scale globally? Or you’re looking to go into exportation business of your Made in Africa export? This is huge opportunity your business needs.

Are Nigerian business women the back-bone of our economy? This changed it.

Nigerian women are known to be industrious.
It is almost as if they are born with trade in their genes. Go to every corner in Nigeria, you would find one or two mini shops run by women- meeting the needs of Nigerians daily.
From fashion designing, Ankara attires, shoe making, bag making, soap making… you name it- The Nigerian women are representing.
Few years back, the craze for imported goods flood the heart of Nigerians; possibly due to the how hard it is to get their products out there, they are satisfied with just areas within their geolocation. But today, technology has broken this barrier. We now have stay-at-home entrepreneur women making their money big time just by having a computer with an internet connection. The online medium helps them sell to customers far beyond their reach.
Whatever you produce in your room, your small shop, the world deserves to know.

Give it a voice.
So you have that product you just produced and you really want to get it out there and gain traction? Here are some ways to do that online and make traction and more sales:
Step-by-step guide on how to promote your made in Nigeria product online
• Create your product
• Have a system to display and sell your products and services online
• Promote your product
• Follow up to keep you customer for life
• Make your money

 
So now you have your product and you want to promote it online, take this step by step action:
1. Have a system to display and sell your products and services online
In technical terms, this is your landing page- the page where your prospects lands when they see your advert somewhere online. This page does one major thing, converts prospects to customers. Your sales page should contain content that can convince your prospects to buy.
You can create you online presence using the following options:
• Create a landing page
• Create a page on social media; Facebook page, Instagram Page, etc
• Create a website
• Create an online store: These days we have several online store providers in Nigeria, However your choice should be based on one that can give you ultimate result in the long run in terms of sales, brand awareness, support for global reach. These providers charge subscription fee or commission per sales basis.
Your online presence is like your physical shop where customers come to see what you do and sell. You should arrange and keep it such that it is presentable, with enticing offers that your prospects would want to come back again and again. Be like the Igbo people- they rarely let a prospect go without buying one thing or another from them.
2. Promote your product
Run paid Social media Ad
• Facebook
• Instagram
• Twitter
• Google Ad

Online marketplace
Online marketplace is a model of our brick n mortal marketplace where there are loads of sellers and buyers doing business. The sellers are competing for the buyers in whichever way they can. You can always promote your made-in-Nigeria products there. Few marketplaces focus on selling made-in-Nigeria so you have to create a good strategy to gain customers.
General thoughts on running your ads for your product online
1. Run online contests and giveaways
2. Be sure to include testimonials on your page
3. Be close to your community and educate them about your product.
4. Always ensure your social media ads links back to your online sales page where they can get your offers in details and make buying decision.
5. Ensure your ads are straight to the point and has price tags on them so to fish out the serious buyers from unserious ones.
6. Pay-per-click means you pay per any click on your ad. Depending on the advertiser you’re using. For example, for Google’s PPC you have to bid for keywords to use in creating your ads. Google matches user’s search queries on google.com with your ad keywords to display your ads. So you must have done your research to know what kind of keywords your prospects are likely to use on google.
7. Facebook’s PPC helps you budget certain approximate amount you can spend daily. They then calculate approximate amount of people your ad can reach based on your budget. Be sure to do a lot of targeting so as to meet the right people you want and prevent unnecessary clicks that can cost you money without reasonable result.

Give your made-in-Nigeria product a voice with Cokodeal.com
Cokodeal.com is not just a marketplace. It is committed to connecting local business women with foreign and local buyers in packaged food stuffs, agro-products, and fashion attires like Ankara, lace, and campala. They provide exciting services to help local businesses in Nigeria and Africa grow globally. Some service include: online launching, blog posts mentions, featured blog posts, social media hype and mentions and Cokodeal marketplace.
What Cokodeal does for you
Imagine having all that have been said all in one package? Not all of us have the time or technical knowhow to run online ads or promotions. But with Cokodeal you have a service and a marketplace to help you grow your business selling your locally made products online.
Cokodeal is a trusted brand for selling made-in-Nigeria goods. Their services include:
• Global brand awareness
• Intra-Africa market entry
• Made-in-Nigeria product sales support
• Online hype and promotion
• Digital marketing support
So what made in Africa product are you selling or producing, join hundreds of Nigerian women out there growing their business with Cokodeal.

Following this link. http://www.cokodeal.com/seller-registration.htm
This content is created by Cokodeal to support our Nigerian women to sell more of their made-in-Nigeria products for a better diversified Economy.