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100 Best Businesses To Start Before You FREE! GRADUATE FILL THE FORM INSIDE, SUBMIT & E-BOOKFREE “Secrets of the Richest People” By: Helene Malmsio Plus 13 Ways To Raise Money For Your Campus Business www.naijamarket.biz OMOTERE tope www.egoboosterbooks.word& Adunola The average Nigerian person has come to reconcile himself with the fact that his or her social progress remain essentially in his or her hands in collaboration with other fellow Nigerians and not merely relying on what government alone could provide for him or her. Ibrahim Babangida, 8 President of Nigeria. August 27, 1985 – August 27, 1993 2 ©EgoBooster Books, 2009. All rights reserved worldwide. DISCLAIMER This information is not presented by professional financial advisors and is for information purpose only. The content is not intended to be a substitute for professional advice. The publisher does not guaranty the profit potential of any campus business in this book. The Publisher will not be responsible for any losses or damages of any kind incurred by the reader whether directly or indirectly arising from the use of the information found in this book. COPYRIGHT This is a free version of the ebook, 100 Best Businesses to Start Before You Graduate. You have the right to distribute this version to your friends ocontent or sell this free version. Any attempt to reproduce this ebook by any means (photocopy, reprint or storage in CDs) is prohibited. C EGO BOOSTER BOOKS, 2009 C ALL RIGHTS RESERVED WORLD WIDE 3 ©EgoBooster Books, 2009. All rights reserved worldwide. You cannot sell this free version. Free version: 60 pages Complete version: 155 pages Buy the complete version N500 only HOW TO PAY FOR THIS EBOOK Bank Deposit: Guaranty Trust Bank Acc Name: Omotere Tope Acc No: 9044660831590 Online Payment: Cash Card (Skye Bank) Transfer to : 6280512007611338367 Accepts: Glo N500 Recharge Card (Send to: 08077447220) Text your payment details to 08077447220 4 ©EgoBooster Books, 2009. All rights reserved worldwide. The complete version qualifies you for the EgoBooster Referral Program Tell your friends to buy this ebook, 100 Best Businesses to Start Before You Graduate and get N200 on each referral. Refer 10 people and get N2000. Refer 100 people and get N20, 000. Refer 2500 people and get N500, 000.The more people you refer, the more money you make. Receive your commission directly into your bank account. 5 ©EgoBooster Books, 2009. All rights reserved worldwide. DEDICATION WE DEDICATE THIS BOOK TO THESE SCHOOLS Adeniran Ogunsanya College of Education, Otto/Ijanikin, Lagos. Tai Solarin University of Education, Ijagun, Ijebu-Ode, Ogun State. 6 ©EgoBooster Books, 2009. All rights reserved worldwide. ACKNOWLEDGMENT Our success hangs on God, our parents, our families, our teachers, our friends and our critics. We thank you all. Special thanks to the Vice Chancellor of Tai Solarin University of Education, Ijagun, Professor Olukayode Oyesiku for his rare contributions to our academic growth. We also appreciate the efforts of Mr. Funmi Oyesiku for the assistance rendered in year 2007. We want to thank our teachers Dr. (Mrs.) Ebun Yonlounfon, Messers Osiyale, Adepoju, Erinosho, Osunkoya, Ilo and other lecturers in Tai Solarin University of Education, Ijagun, Ijebu-Ode, Ogun State for their understanding of our business oriented lifestyle. The Provost of AOCOED, Mr. Hakeem Ajose Adeogun equally shared our vision of youth empowerment when we were in AOCOED. He gave us strategies to launch our business and has forever changed how we operate our campus business. Barr. Bola S. Disu is a true mentor. Being the Registrar of AOCOED, he is very busy. Despite this, he has been calling us even after graduating from the school to advice us on how to continue EgoBooster Magazine. Dr. R.O. Ajetunmobi, a dedicated Culture Historian at AOCOED (who also served as the Ag. H.O.D of History/Diplomatic Studies at TASUED during his sabbatical) remain our model. Infact, he so much influenced Omotere Tope that he did his final year project on his biography (titled, The Contributions of Dr. R.O. Ajetunmobi to the Development of Yoruba Historiography, Teaching and 7 ©EgoBooster Books, 2009. All rights reserved worldwide. Learning of History). The lecturers’ from the Ijanikin School of History are great and have planted that seed of greatness in us. Chief Mrs. E.A. Ajaiyi, Messers Sam Akindele, Awofisayo, Yomi Odu, Ige Ajaiyi, M. A. Fakayode, and Mrs. Onaolapo, are always there for us. Our lecturers in School of Education, Social Studies and Christian Religious Studies Departments largely contributed to our success as AOCOEDIANS. We thank you all. We want to thank our parents (Omotere and Shokunbi families), our friends (Sis. Temi in particular), and our course mates for their ultimate support and back up throughout the course of our study and publication of this book. Best of all, we appreciate Nigerians for their tax payer’s money on education (we received free education at Adeniran Ogunsanya College of Education, Ijanikin under Gov. Bola Ahmed Tinubu’s administration). Omotere Tope and Adunola, Founders, EgoBooster Books. October, 2009 8 ©EgoBooster Books, 2009. All rights reserved worldwide. CONTENTS INTRODUCTION WHY YOU NEED A BUSINESS OF YOUR OWN High Grade is Not Enough …………………………………………16 CHAPTER ONE FROM CLASSROOM TO THE BUSINESS WORLD How I Started My First Campus Business………………….………..22 Why My First Business Failed…………………………………….…28 ‘The Art of the Come Back’……………………………………........35 CHAPTER TWO 100 BUSINESS OPPORTUNITIES FOR YOU TO START Teaching [4 Business Ideas]……………………………………….42 Repairing [6 Business Ideas]………………………………………46 Information [20 Business Ideas]…………………………………..51 Internet [30 Business Ideas]…………………………………….....66 Food [20 Business Ideas]…………………………………………...86 Manufacturing [8 Business Ideas]………………………..….…….97 Fashion [6 Business Ideas]…………………………………………102 Real Estate [3 Business Ideas]……………………………………..107 Games [3 Business Ideas]……………………………………….….111 9 ©EgoBooster Books, 2009. All rights reserved worldwide. CHAPTER THREE GUIDE TO STARTING A PROFITABLE CAMPUS BUSINESS How to Choose a Campus Business That Fit You…..…………..…114 How to Brand Your Campus Business……………….………..…..119 CHAPTER FOUR HOW TO MAKE PROFIT FROM YOUR CAMPUS BUSINESS 12 Strategic Ways to Let Others Know What You Sell……..….…121 CHAPTER FIVE HOW TO GENERATE MORE SALES 8 Ways to Make Your Customers Come Back to You…………....126 5 Ways to Manage Your Cash Flow……………………………....128 CHAPTER SIX HOW TO RUN YOUR BUSINESS WITH ACADEMICS The Real Analysis, Your Battle and Your Strategies…….….….…131 7 Ways to Graduate Big……………………………………….…..133 CHAPTER SEVEN FREE MONEY FOR ALL 13 Ways to Raise Money for Your Campus Business……………..137 10 ©EgoBooster Books, 2009. All rights reserved worldwide. Make More Money! Tell yourfriendsto buy the ebook versi100 Best Businesses of 100 Best Businesses to Start Before You To Start Before You Graduate and get N200 on each referralGRADUATE FREE! Refer 10 people and get N2000. Refer 100ADUATE & GET A FREEIT people and get N20, 000.The more people E-BOOK you refer,themoremoneyyoumake. “Se crets of the Richest People” HOWTO PAY FOR THIS BOOK N500 for E-Book Version BankDeposit: GuarantyTrustBank Acc Name:OmotereTope Plus Acc No: 9044660831590 13 Ways To Raise Money For Your Campus Business MobilePayment: FlashMeCash Payto:08077447220 (FinBank) & Adunolaope Acc Name:OmotereTope Online Payment: CashCard(Skye Bank) Make N20,000 Transferto:6280512007611338367 telling 100 Recharge Cards: Glo Card Accepts:GloN500RechargeCard people Sendto:08077447220 to buy this Please, text your payment details (Name, Email and Phone Numbe r) to book. 08077447220, 08074472654 or email firstname.lastname@example.org The e-bookwithyourpasscodewillbesent to your email address for downl.ad We You get paid when the people you refer pay our referrals directly into their Banks 10 (N2000). The maximum number Account (through cashcard).You willneedyou can refer is 5000 (1 million naira). to supply your referral passcode to thosehe referral form is in chapter two * youreferbeforeyoucanbepaid. Contact Address: Head Office, Ego Booster Hall, Ijagun, Ijebu-Ode, Ogun State (TASUED) [08077447220, 08074472654] or visit our blog www.egoboosterbooks.wordpress.com 11 ©EgoBooster Books, 2009. All rights reserved worldwide. INTRODUCTION WHY YOU NEED A BUSINESS OF YOUR OWN our of Omotere Tope’s lecturers received free education under Awolowo’s administration in the defunct Western Region of F Nigeria. One of them attended the University of Ife (now Obafemi Awolowo University). Two attended the University of Ibadan and one was a student of University of Lagos. They are all proud of their university days. We took our time to interview all of them. One of the lecturers, Dr. R.O. Ajetunmobi (an Ife product), during an interview gladly describe his university years as a “period of nationalistic education with lots of faji”. Jobs were looking for graduates. Parents were sure of immediate 12 ©EgoBooster Books, 2009. All rights reserved worldwide. employment for their wards. For instance, Dr. Ajetunmobi was offered a lecturing job by two different departments (Archeology and History Departments) when he was still in his 400 level. This experience is not peculiar to him alone. Mr. S.A. Adenbanjo, who currently teaches at Babcock University, did not write an application letter before the Ogun State College of Education (now Tai Solarin College of Education, Omu-Ijebu) persuaded him to take a lecturing job with the school. This job story goes on and on. Today, the story has changed. Graduates not only beg to be employed but bribe managers at the Human Resource Department to enlist their names among those to be interviewed. Female graduates even plead that CEOs should have sex with them just to pick their application letter! When we interviewed the Registrar of Adeniran Ogunsanya College of Education, Lagos, Barr. Bola S. Disu on what he think is the cause of this sudden change in employment attitude. He summarily put it this way: Here in AOCOED, we get 10 applications per day. Multiply it by 360 days and see the army of unemployed graduates in the country. The painful truth is that we do not employ any of them. Whether Nigerian educational system has failed or not is debatable. According to Professor Shodeye, it has not failed but our perception of education as ‘job creator’ has failed. Others believe that Nigeria 13 ©EgoBooster Books, 2009. All rights reserved worldwide. education has failed because it did not match with the needs of the society and the industries. To me, I see it from three angles. First, we have the early set of people that were employed as interpreters after getting the missionary education. The second set also enjoyed the opportunity of free education and quickly got employed during the ‘oil boom’. Unfortunately, the third generation, beginning from the 1990s met with strong oil doom and could no longer be employed. I think we should stop parking old rubbish into . [Published in Ego Booster Magazine, 3rd Ed, 2007] the heads of our youths In essence, getting high grades might not ensure you job security as it used to be in the 1980s. Recently, we visited three universities to update our research. The schools were University of Lagos, University of Ibadan and Obafemi Awolowo University. We randomly selected these three Federal universities because of the patronage and popularity they have in the labour force. Their convocation ceremonies were our focus. Our intention was to compare the rate at which indigenous companies and multinational corporations employ their graduates between 1975 to 1985 and from 1999 to 2009. The result was shocking! We discovered that over 75% of graduates (1977-85 section) from these three universities were employed on or before their convocation day. Many graduates (even those with second class lower) received scholarships to further their studies. 14 ©EgoBooster Books, 2009. All rights reserved worldwide. Many of our professors, bank managers, politicians and even religious leaders belong to this 1975 to 1985 group. Their CVs is a testimony to this. When you compare the first group of graduates (1975-85 as noted above) with the 1999 to 2009 group of graduates, you will see that there is a striking difference. In courses like Law, Medicine, Accounting and Engineering, only few of their graduates (1999 to 2009 set) with Second Class Upper get employed. In the Social Sciences, competition is very. Connections, bribery and odd acts like ‘sex before job’ have become the saving grace of most Social Science graduates. Students from the Humanities are the ‘job scapegoat’. Infact, most of them end up working in areas that is not related to their areas of specialization. To avoid hunger, the young men have taken to Okada Job, while some of the ladies are into Asawo Job. Graduates now queue to get employed as casual workers in plastic or soap factories around Lagos. Scholarship has been politicized. With the exception of First Class graduates who get automatic employment and ‘Study Abroad Scholarship’, the rest struggle to catch up with the ever changing Naija Situation of mass unemployment. The situation is even worse in Colleges of Education and Polytechnics. Our personal experiences at AOCOED testify to this. Omotere Tope graduated with 4.47 GPA in History (Studies), with an overall CPGA of 3.69. He collected an Award for this and received a congratulatory handshake from the Governor of Lagos State, Mr. Raji Fashola (SAN). Because of all these goodies, he felt that his GPA is good 15 ©EgoBooster Books, 2009. All rights reserved worldwide. enough to attract a well paying teaching job. Alas, the National Certificate in Education (NCE) attracts less than #15,000 teaching job from well established private schools! What does that mean to you? 16 ©EgoBooster Books, 2009. All rights reserved worldwide. The magnitude of the youth employment challenge in Nigeria is causing increasing concern, as it is estimated that about 4.5 million new entrants, mostly educated youths are entering the labour market annually, that is already experiencing high youth unemployment and underemployment rates. Senator Akinlabi Olasunkanmi, Honourable Minister for Youth Development, Federal Ministrty of Youth Development, Abuja, 30 December, 2008. 17 ©EgoBooster Books, 2009. All rights reserved worldwide. HIGH GRADE IS YOUR PROPERTY e are not challenging the goodwill of high grade. It is one of the finest memories one can remember possessing. Infact, W those who obtain high grade while in school are treated like gods when they are finally employed. In Nigeria, high grade is synonymous to the naira. Get it and you are there. Have you ever witnessed any convocation before? Wow, its all naira for First Class students! However, high grade is fast becoming a thing of the past. Runs and connections have replaced the position of high grade in the labour market. In other words, if high grade is all you need to succeed, there is no problem, just pass this book to a friend who understands the Naija Situation. Your friend will be happy you did! 18 ©EgoBooster Books, 2009. All rights reserved worldwide. We all know that getting a First Class grade is good. Our parents’ prayer is that we should get it. But how many First Class graduates do you think your school can produce? Often, it is one out of every one thousand students. If your college decides to give 200 students First Class Honours (at your level), the National University Commission (NUC) will query your Vice Chancellor. Many lecturers in that school will lose their job for allowing such a number of First Class students. Can you see why you need this book to start a business before you graduate? In NYSC orientation camps, motivational speakers are invited to charge Corps to start a business. They are made to understand that the certificate in their hand is not a guarantee for automatic employment. The slogan of the speakers is the same: ‘there are no jobs out there’. Thanks to some new generation universities who are modifying their curriculum to meet this Naija Situation. One of such is Tai Solarin University of st Education, Ijagun, Ijebu-Ode, Ogun State established in 2005 (1 nd th University of Education in Nigeria, 2 in Africa after Ghana and 8 in the world). The University introduced about seven vocational courses like Fish Farming, Tailoring, Fruit Juice, Catering, Wood Works, Computer Engineering, Entrepreneurship, among others to be offered as general courses. Students are largely graded on the practical aspect of the course. The management of the school under Professor Olukayode Oyesiku knew fully that the labour market is saturated with unemployed graduates. The solution to this problem, according to him, is to teach the students how to 19 ©EgoBooster Books, 2009. All rights reserved worldwide. be self employed. The Federal Government too has risen to this challenge and thus, established Micro-Finance Banks to help new graduates and undergraduates get started. We share in this philosophy and we write to promote it. 20 ©EgoBooster Books, 2009. All rights reserved worldwide. There are two educations. One should teach us how to make a living and the other how to live. John Adams The second President of the United States (1797–1801), after being the first Vice President (1789–1797) for two terms. He is regarded as one of the most influential Founding Fathers of the United States. 21 ©EgoBooster Books, 2009. All rights reserved worldwide. CHAPTER ONE FROM CLASSROOM TO THE BUSINESS WORLD At the end of this chapter, you should be able to: 1 2 Overcome the fear Kill the idea that of starting a your grades will campus business drop when you start a campus business 3 Free yourself from every pre-programmed idea that you cannot make money as a student. 22 ©EgoBooster Books, 2009. All rights reserved worldwide. The most successful campus entrepreneurs focus on a clear business plan practically around their school timetable. In order to meet up with other students, they tend to make sacrifices that average students might not find acceptable. They get less sleep, less social outings and many hours of hard work . Omotere Tope Ebook publisher and author of the following ebooks: ✓ The Book of Survival: 100 Strategies to Succeed on Campus ✓ 100 Creative Ways to Write, Publish and Sell Your Ebooks ✓ 100 Killer Strategies to Market Your Business _____________________________________________________ To place advert in these ebooks, call 08077447220 or 08074472654. For your free copy, please send an email to email@example.com 23 ©EgoBooster Books, 2009. All rights reserved worldwide. HOW I STARTED MY FIRST CAMPUS BUSINESS s a 200 level NCE student at Adeniran Ogunsanya College of Education, I was determined to start a campus business. To A achieve this, I scouted the various types of campus businesses I can start. With over 100 business ideas that I researched, only ‘campus magazine business’ appealed me. Now, I know what I want to do. The work is half done. I drafted how the magazine will look like and what the content will be. I knew that the market for the magazine were my fellow students. The distribution channels have been well calculated. The cost of producing the magazine was also taken into consideration. I was set for my first campus business. I gave the magazine a name, EgoBooster. The tag line was raising campus entrepreneurs. Within few weeks, the articles, pictures and other things were ready. The drive was high. I then contacted about thirteen different printers for price. It was here that I realized I have miscalculated the printing cost. For the first time, I became fearful of venturing into this 24 ©EgoBooster Books, 2009. All rights reserved worldwide. new business. All the printers charged above N60, 000. I had budgeted N20, 000 for the press. Ordinarily, I had no capital of my own to start the magazine. My weekly pocket money was N1000. Moreso, nobody was ready put down such amount of money on a student whose new business is not certain of sales or profit. This was the biggest challenge I faced when starting my first campus business. Despite this slow down, I did not give up my business idea. I talked to my parents and fortunately, I got N5000 from them. Though, the printers charged N60, 000, I was determined to find “Business is easy. a printer who will do the job for N25, 000. Since I Find a need and fill it." have N5000 in my hand, I was N20, 000 away from my start up. That N5000 was a boost. With this, -Anonymous Shokunbi Adunola (now Omotere Adunola) invested N7000 from her personal savings. She is business conscious and regards saving as her hobby. I knew it was a big risk for her. As business partners, we could lose all the money and become real enemies. Afterall, we just met each other at that time. The start up had risen to N12, 000 in four weeks of constant search. With this money, I met with several other printers and finally, one of them agreed to do it for N22, 000. I was happy. The printer will do the typing, scanning of pictures, magazine layout and printing. I made a down payment of N10, 000 and told him to start the job. 25 ©EgoBooster Books, 2009. All rights reserved worldwide. For many days, money was not forthcoming. The balance must be paid before the printer can release the job as agreed. His fear was that I won’t be able to pay him his balance if he releases the job. All my efforts to raise money from other family members failed. So, I looked inward. It was then that the idea of forming an EgoBooster club flashed through my mind. Within a week, I had studied over fifteen books on how to start and run a successful club/NGO (all available inside AOCOED ETF Library). I drafted the club constitution, got two lecturers as club adviser and worked out the registration processes. The school authority was kind to us and we started operating. In the first month of operation, the club membership had risen to twenty. Our activities in the club were simple. We review classroom works, write articles (for EgoBooster Magazine) and discuss business ideas. The club generates its fund from members’ registration fee of N100. Accountability made them stay. It was the club members that raised the remaining money for the magazine project. Thus, after three months of hard work, my first campus business materializes. The club members were all glad that their money went into the EgoBooster project. For me, the sale of the 1000 copies was next. The first market was the club. Some key members of the club had had their money tied up in the project. Paying them back was through the magazine. The money invested was to be doubled as promised. Comrade Olapade 26 ©EgoBooster Books, 2009. All rights reserved worldwide. Omolayo (who later became the Student Union President of AOCOED) invested up to N5000. Comrade Alfred Dovi David (who now writes French textbooks for primary school pupils) also invested N2000. Olowookere Ireti (a great marketer), equally invested 'Those who N3000. Igbamoni Bunmi invested N2000. Adeyemi succeed talk about ideas, Victor (now a young publisher of Glitz and Glamour those who Magazine in Ghana) invested his time and energy as follow talk about my Deputy Editor. Comrade Melakin Adebayo (my events and those who fail talk closest friend in AOCOED who is currently reading about other people.' History/Education at the University of Ado-Ekiti) worked tirelessly for the success of EgoBooster -Steve Duncan. Magazine. As promised, I doubled their investment through the magazine. They all made profit and I was glad (though, I made nothing). 27 ©EgoBooster Books, 2009. All rights reserved worldwide. ______________________________________________________ Sample of the first edition of the EgoBooster Magazine. The magazine was first published as a bulletin in October, 2005 and sold for N50. It looks amateurish. I learn to design the front page and layout myself after seeing what the printer did. The other two editions were my own design (though, I never went to a computer school). 28 ©EgoBooster Books, 2009. All rights reserved worldwide. APPPLICAATIONN 1 I generate my first capital through other peoples’ money. I also learn to build trust by paying them back with interest. 2 I learn to negotiate carefully. About thirteen printers charged above N60, 000 but in the end, only one agreed to do it at N22,000. The job however, was not perfect. 3 I discovered that it is good to partner with those that believe in your dream. They will encourage you even if you want to give up. You can start a campus business, if you believe you can. 29 ©EgoBooster Books, 2009. All rights reserved worldwide. WHY MY FIRST BUSINESS FAILED goBooster magazine had just three editions. As already noted, the first edition had some loopholes. The second edition was a hit. E We had the patronage of lecturers, students and few advertisers. For instance, the Provost of AOCOED, Mr. Hakeem Ajose Adeogun donated N10, 000 for the publication. The Registrar, Bar. Bola S. Disu also gave us N6000. Dr. R.O. Ajetunmobi, Dr. Olu Akeusola, Dr. Ajani Lateef and many others equally donated over N3000 each. Mr. Canny Amah (Author of Seasons of the Eaglet, and Lecturer at the English Language Department, AOCOED) not only gave us money but sacrificed that we use odd language to describe him on our cover page. Sample of the second edition is displayed on page 30. It was the second edition that launched us beyond AOCOED. It also made us cash. There were a lot of N500s as gift. Infact, the magazine received huge attention that top government officials of Lagos State were pleased to be interviewed for the third edition. The third edition featured 30 ©EgoBooster Books, 2009. All rights reserved worldwide. the former Commissioner of Education for Lagos State, Professor Kunle Lawal, who also donated some amount of money for the publication. Many lecturers loved the publicity which EgoBooster gave those interviewed and wanted to be part of the EgoBooster Effect. 31 ©EgoBooster Books, 2009. All rights reserved worldwide. The person on this front page, Mr. Canny I. Amah, is a lecturer and writer at the Adeniran Ogunsanya College of Education, Lagos. He was the H.O.D of English Department when he agreed that this picture should be used. He wrote the book, Seasons of the Eaglet. 32 ©EgoBooster Books, 2009. All rights reserved worldwide. _________________________________________________________________ The third edition of the EgoBooster Magazine. This edition featured some Lagos Sate officials. L-R: Prof. Duro Ajeyalemi, Mr. Morounfolu Ojutiku, Mr. Hakeem Ajose Adeogun (Provost of AOCOED), Barr. Bola. S. Disu (Registrar, AOCOED). Other state officials include the former Commissioner for Education, Prof. Kunle Lawal, and the former Deputy Governor, Otunba Femi Pedro. The magazine was last published in late December, 2006. It never sold 300 copies before we decide to stop the business. I learn to calculate very well after this big fall. 33 ©EgoBooster Books, 2009. All rights reserved worldwide. Despite the huge attention which the magazine commanded in AOCOED, the business went under after three consecutive editions. Many factors were responsible for this. First, there were no structures on ground to enable the business stay focused. We did not plan to continue the business after graduation and therefore, refused to rent a shop or office. Second, there was no system put in place to monitor our dealers, build customer database or improve on the marketing strategy. Third, our printer delayed the printing of the third edition which affected the timing of the publication. Coupled with our final year exams (together with Adunola, my business partner), and our inability to leverage our time, the business collapsed. 34 ©EgoBooster Books, 2009. All rights reserved worldwide. APPPLICAATIONN 1 I discovered that ‘time leverage’ is a must in operating a successful campus business. 2 I learn to rise from falling. The EgoBooster Magazine is once again being repositioned to attract new customers and advertisers. Sign up for a free EgoBooster Online Magazine. Visit our blog www.egoboosterbooks.wordpress.com to get started. The content focuses on Campus Business, Campus Politics, Campus Fashion and Campus Christian . 3 Plan for everything before you graduate. Plan for your wealth, marriage and even retirement. Plan your life. 35 ©EgoBooster Books, 2009. All rights reserved worldwide. Receive Free EgoBooster Magazine The EgoBooster Magazine* is once again out. It’s free and will be mailed to you at request. The content focuses on Campus Business, Campus Politics, Campus Fashion and Campus Christian Living. The magazine will guide you on how to make an average 2:1 and still make money as a full time student. Sign Up Now! www.egoboosterbooks.wordpress.com ________________________________________ *The EgoBooster Magazine is distributed free as an ezine and will be sent to your email as a registered member. Registration is free. The EgoBooster Magazine (hard copy) is coming out soon and will be distributed free in some campuses of the Federation. To join the EgoBooster Team, please write us firstname.lastname@example.org 36 ©EgoBooster Books, 2009. All rights reserved worldwide. THE ART OF THE COME BACK onald Trump, an enigma in New York’s Real Estate business ran into huge debt (running into $2 billion) in the 1990s. After D clearing his debts, he wrote the book, The Art of the Come Back. I deliberately made use of this heading to let you know that established businesses out there also fail. I have read all of Trump’s books and will recommend this particular one for you. Even the one he co-authored with Robert Kiyosaki, Why We Want You to Be Rich, is not as rugged as this book. His story made me rethink EgoBooster. As an N.C.E. graduate, I was glad. The stress of taking 32 courses th in a session is over. I wrote my last paper (exam) on the 17 of January, 2007, and on the 18 of January, 2007 one of my lecturers (name withheld) offered me a teaching job in his private school. Though, I never like the idea of working for someone, but I accepted the offer in order to learn some managerial skills. It was interesting working for him but I felt 37 ©EgoBooster Books, 2009. All rights reserved worldwide. st incomplete. By 31 January, 2007, in less than 15 days of working, I resigned! My partner, Adunola had started a phone boot centre. By 1 of st February, 2007, I joined her. We pulled resources together and by March, 2007, we floated two other small businesses: Game Centre and another Phone Boot Centre. The monies generated were not re-invested in the business but rather, divested into another potential campus business. My faith of running a profitable campus business is very strong. It is a concentrated market of heavy spenders. Campus students spend their money mostly on this hierarchy of campus needs: Food, Fashion and Research. Throughout the world, students have created a spending aura around them which make companies to target them. Infact, many students prefer to buy clothes, perfumes, jewelries, shoes and expensive phones than pay for a group assignment or settle their landlord. What a great advantage for campus entrepreneurs. Myself and Adunola had initially wanted to attend the University of Ibadan for our degree programme. It was after considering our business venture that we change to TASUED. From my personal research, I discovered that Ogun State is an emerging market for new entrepreneurs. th The state has a large number of students to buy from you. At her 25 anniversary (in 2007), Olabisi Onabanjo Univsrsity is proud to have over 65,000 students both part time and full time. This year, 2009, the number has greatly increased. The Otunba Gbenga Daniel administration is using 38 ©EgoBooster Books, 2009. All rights reserved worldwide. schools to open up the state for investors and young entrepreneurs. Remote areas are rapidly becoming thriving towns, towns are becoming cities and cities are clamouring for statehood. Assuming students of Olabisi Onanbanjo University (2007 est.: 65,000) gives you one naira everyday, how much do you think you will get at the end of the month? That’s roughly N1, 950,000. I’m not saying you should start begging from them. Simply create something that will legally make few students give you N500 daily. As the business grows, you will learn to make N5000 daily. By September, 2007, barely after nine months of graduating from AOCOED, we gained admission into TASUED. We were happy not because of the new admission but for our business expansion. We secured an apartment, rented a strategically located office and had our machines installed for business even before the admission list came out. We branded our office the EgoBooster Hall and started on a fresh level. This book is one of the six campus businesses we now run. Anyway, it got to your hand. Thank God. 39 ©EgoBooster Books, 2009. All rights reserved worldwide. APPPLICATTIONN 1 Anytime I’m facing a big challenge, I consciously repeat this statement: ‘I can do all things through Christ that strengthens me’. It is a miraculous statement. It’s beyond the realm of magic or any abracadabra. I write exams using that statement. I develop new ideas using that statement. I write books under the influence of that statement. ‘I can, Yes I can’. 2 I’m not bragging. I always give the glory to God. Despite being a full time student of TASUED and a full time CEO of EgoBooster, my Cummulative Grade Point Average as at the time of writing this page is 4.26. On the other hand, Adunola’s CGPA is 4.25. The secret about this is simple. We now leverage our time. 3 Wouldn’t you join the league of campus entrepreneurs? Check out the 100 business ideas you can start in chapter two of this book. 40 ©EgoBooster Books, 2009. All rights reserved worldwide. CONGRATULATIONS! GET THE COMPLETE VERSION TO QUALIFY YOU FOR THE EGOBOOSTER REFERRAL PROGRAM Kindly fill this referral form and send to email@example.com REFRRAL FORM Name of Referrer:_______________________________________ Phone Number: _______________________________________ Payment Mode: CashCard ( ), FlashMeCash ( ), Recharge Card ( ) Email: _________________________________________ School/Location: _________________________________________ *Applicable to those who buy the complete version Your referral code is in the complete version. Your commission will be paid through the option you choose when your referrals buy the e-book. Please, do not send your pin or expiry date of your CashCard to anybody. EgoBooster Books did not request for this. Minimum number of people to refer is 10 (N2000) and the maximum number is 5000 (1 Million Naira). Thank you. 41 ©EgoBooster Books, 2009. All rights reserved worldwide. Buy the complete version N500 only HOW TO PAY FOR THIS EBOOK Bank Deposit: Guaranty Trust Bank Acc Name: Omotere Tope Acc No: 9044660831590 Online Payment: Cash Card (Skye Bank) Transfer to : 6280512007611338367 Accepts: Glo N500 Recharge Card Send to: 08077447220 Text your payment details to 08077447220 42 ©EgoBooster Books, 2009. All rights reserved worldwide. CHAPTER TWO 100 BUSINESS OPPORTUNITIES FOR YOU TO START All students are entrepreneurs, but many don't have the opportunity to find that out. - Omotere Tope 43 ©EgoBooster Books, 2009. All rights reserved worldwide. 100 Best Businesses To Start Before You FREE! GRADUATE FILL THE FORM I& GET A FREET E-BOOK “Secrets of the Richest People” By: Helene Malmsio Plus 13 Ways To Raise Money For Your Campus Business www.naijamarket.biz OMOTERE tope www.egoboosterbooks.wo& Adunolaom *Capital information for the various campus businesses in this book: N0.0 – N30, 000 Low N30, 000 – N200, 000 Medium N200,000 – N500,000 High *There is no guaranty for profit potential of any campus business in this book 44 ©EgoBooster Books, 2009. All rights reserved worldwide. TEACHING (FOUR BUSINESS IDEAS) 1. Business Name: Computer Tutor Overview of Campus Business: Computer knowledge is in high demand. Basic desktop publishing lessons will make a good start. Skills Needed: Your ability to teach what you know. Make your lesson logical by taking your students from simple to complex. Cost of Starting the Business: Low Capital. You can purchase a fairly used computer, small Tiger generator and some desktop publishing textbooks. Your hostel will make a good office. Profit Potential: N50, 000 per semester. Higher profit will be made when you teach your lecturers at home or office. 2. Business Name: Evening Lesson Overview of Campus Business: Children in primary school needs your service. Their parents will be glad if you organize a N20 naira evening lesson for them. 45 ©EgoBooster Books, 2009. All rights reserved worldwide. Skills Needed: Your ability to mobilize up to thirty pupils for evening lesson. Teaching skill is another requirement. Cost of Starting the Business: Low Capital. Buy chairs, chalkboard and create some Adverts. Profit Potential: N7, 500 monthly. It might later turn to a school. 3. Business Name: Music Tutor Overview of Campus Business: Students are eager to train their voices and learn how to play musical instruments. Teaching them twice in a week will earn you some money. Don’t be surprised if churches pay you to teach their members. Skills Needed: Your ability to play guitar, piano, drum set and other musical instruments. Again, you must know how to teach others. Cost of Starting the Business: Medium Capital. You can purchase fairly used musical instruments. Profit Potential: N5000 weekly. With proper management and adverts, you can turn it to a small music school. 4. Business Name: Post JAMD Centre Overview of Campus Business: How brilliant are you? Over million students seek for admission into higher institutions in Nigeria every year. Get a place in your area and start a Post JAMB Centre. Skills Needed: Must be a brilliant student or better, you can employ 46 ©EgoBooster Books, 2009. All rights reserved worldwide. brilliant students in your campus to teach the students. Cost of Starting the Business: High Capital. Cost of buying books, paying rent, furniture, registration of your centre, employees, etc must be taking into consideration. Profit Potential: Between N20, 000 to N100,000 monthly depending on the number of students you have and what you charge them to pay. 47 ©EgoBooster Books, 2009. All rights reserved worldwide. "I am a woman who came from the cotton fields of the South. From there I was promoted to the washtub. From there I was promoted to the cook kitchen. And from there I promoted myself into the business of manufacturing hair goods and preparations....I have built my own factory on my own ground." - Madam C.J. Walker, This America's first black female millionaire was born Sarah Breedlove on December 23, 1867 on a Delta, Louisiana plantation. As a daughter of former slaves, she transformed herself from an uneducated farm laborer and laundress into one of the twentieth century's most successful, self-made women entrepreneur. Orphaned at age seven, she often said, "I got my start by giving myself a start." She and her older sister, Louvenia, survived by working in the cotton fields of Delta and nearby Vicksburg, Mississippi. She later created popular a line of African-American haircare products and thus became America's first black female millionaire. 48 ©EgoBooster Books, 2009. All rights reserved worldwide. REPARING (FIVE BUSINESS IDEAS ) 5. Business Name: Generator Repairer Overview of Campus Business: Tap from this huge generator business. The mammy markets, offices, homes and even students depend on generator for survival. Statistics tell us that there are over 10,000 generators in Computer Village (inside Ikeja) alone. These generators need to be serviced monthly which require an expert. Be the expert. Skills Needed: Ability to repair and service generators. You can register with local mechanics to learn this. Cost of Starting the Business: Low Capital. You need to pay your local teacher for registration and also buy some mechanical tools. Profit Potential: N5000 weekly. Word of mouth should be your core strategy to generate more customers. Having a shop will boost your sales. 49 ©EgoBooster Books, 2009. All rights reserved worldwide. 6. Business Name: Computer Repairer Overview of Campus Business: Computer engineers are in high demand. Large offices, schools, computer centres, etc, need this service on a daily basis. You can do this business either on a part time basis or on full time. Skills Needed: Ability to repair and service computers. You need to learn this by registering in a computer school. Cost of Starting the Business: Medium Capital. Make sure you have a permanent office where people can bring their computers for repair. Profit Potential: N20,000 monthly. Repairing of printers can be combined with this to increase your income. 7. Business Name: Motorcycle Repairer Overview of Campus Business: ‘Okada’, as popularly called keeps growing bigger everyday. ‘Okada’ mechanics are in high demand. Getting a busy location to start this business is vital. Referrals from your customers will increase sales. Skills Needed: Ability to repair and service motorcycles. You can register with local mechanics to learn this. Cost of Starting the Business: Low Capital Profit Potential: N10, 000 weekly. Word of mouth should be your core strategy to generate more customers. Having a shop will generate more sales for you. It sells just like generator repairing business. 50 ©EgoBooster Books, 2009. All rights reserved worldwide. 8. Business Name: Phone Repairer Overview of Campus Business: Ninety seven percent of students use mobile phones. Most of them will need to upload games, music, configure for free internet browsing, or repair their phones. Skills Needed: Ability to render the above services. You can register with those who have the knowledge. Updating yourself on online forums like www.nairaland.com or www.nigeriabestforum.com is an advantage. Cost of Starting the Business: Low Capital Profit Potential: N15,000 monthly. Gaining and retaining your customers is a key factor in running this business. Having your shop to sell recharge cards and phone accessories will increase your visibility and sales. 9. Business Name: Photocopy Machine Repairer Overview of Campus Business: Specialists are needed to repair photocopy machines. Sharp and Minota specialists are in high demand on campuses. Skills Needed: Ability to repair photocopy machine. You can register with master repairers to learn this. Cost of Starting the Business: Low Capital. This will cover learning cost, printing of business cards and purchase of major tools Profit Potential: N15, 000 monthly. Running a special photocopy centre where people can photocopy their works is an added advantage. 51 ©EgoBooster Books, 2009. All rights reserved worldwide. 10. Business Name: General Electronic Services Overview of Campus Business: Fairly used television sets, DVDs, radio, etc, are what students pride on. These electronic goods will continuously need to be repaired by specialists. The average Nigerian sees this repairer as a ‘radionic’. Skills Needed: Ability to repair and service electronic goods. You can register with local ‘radionics’ to learn this. Cost of Starting the Business: Low Capital. This will cover learning cost and purchase of major tools Profit Potential: N20, 000 monthly. Having your shop will make it easier for people who are not students to bring business for you. 52 ©EgoBooster Books, 2009. All rights reserved worldwide. Don't bring your need to the marketplace, bring your skill. Jim Rohn A millionaire, entrepreneur and businessman devoted to helping others. Jim Rohn has been hailed as one of the most influential thinkers of our time. Born September 17, 1930, Rohn began his early adulthood without acclaim, leaving college after his first year, starting a family, and trying to get by as best he could as a salaried worker. By age 25 (according to his accounts), he was in a personal rut familiar to many middle-class families whom were in debt, unable to see a way that would lead to his personal ambitions. Around this time, he was introduced to John Earl Shoaff, an entrepreneur who impressed him with his wealth and lifestyle. Rohn joined Shoaff's direct sales organization, and began a process of personal development that culminated in his becoming a millionaire by age 31. Today, he has addressed over 6,000 audiences and 4 million people worldwide. 53 ©EgoBooster Books, 2009. All rights reserved worldwide. INFORMATION (TWENTY BUSINESS IDEAS) 11. Business Name: Mini Cyber Cafe Overview of Campus Business: Students value their grades and browse a lot to get information for their assignments. Opening a mini cyber café will solve this problem. Skills Needed: Management is everything. Cost of Starting the Business: High Capital. You need computers (at least four), LaserJet printer, shop (get a small office around the school area), Broadband Modem (starcomms, multilinks or IPNX), generator, furniture, networking and wiring. Profit Potential: N3000 daily. It’s a nice business but demands your time. EgoBooster has a mini café in TASUED. The business is seasonal and goes on holiday when the school is off session. Sometimes, it goes on strike when the school is on strike. 54 ©EgoBooster Books, 2009. All rights reserved worldwide. 12. Business Name: Online Researcher Overview of Campus Business: Surfing the web for rare information demands some special skills. Students will pay you as a specialist on online research. Skills Needed: Ability to convince your customers with your work. Cost of Starting the Business: Medium Capital. This will be used for buying one computer, 1x starcomms or multilinks phone, 3-in-1 DeskJet printer (scanning and coloured printing), small tiger generator and a small office. Profit Potential: N1500 daily. The income is higher if you take this service online or market yourself in neighbouring campuses. 13. Business Name: Project Researcher Overview of Campus Business: Project writing is a serous task. Branding yourself as a project specialist will drive students and lecturers to bring business for you. Skills Needed: Your ability to carry out research using primary and secondary source materials as reference. Cost of Starting the Business: Low Capital. Printing of business cards, leaflets and posters for advertisement. Having a computer will cost you more but is an advantage. 55 ©EgoBooster Books, 2009. All rights reserved worldwide. Profit Potential: N5000 from each project. Field work and your ability to interpret data and calculate statistics using the computer will increase your income. 14. Business Name: Typist Overview of Campus Business: Typing is done throughout the semester. Students always type something. Lecturers too are in need of good and fast typist for their researches. Providing this service will make you thousands every week. Skills Needed: Ability to type very fast (you can hire a fast typist). Cost of Starting the Business: Medium Capital. You need computer (one for a start), printer, generator and a shop around the campus. Profit Potential: N1500 daily. The business is time consuming. You can increase your income by expanding the number of computers to three and employ two people. Your daily income will hit N5000 while you work less. However, management is a key factor to your success here. 15. Business Name: Graphic Design Overview of Campus Business: Magazines, posters, handbills, leaflets, business cards, letter heads, etc needs a graphic touch to make it appealing. Providing this service is not limited to the campus setting but also, to the general public. Big companies do hire talented graphic artists to create a new logo or design their newsletter layout. 56 ©EgoBooster Books, 2009. All rights reserved worldwide. Skills Needed: Ability to use Corel Draw and PageMaker packages for graphical designs. You can register to learn this from a computer school. Cost of Starting the Business: Medium Capital. You need to buy a computer (Pentium 4, 3GHz, 1Gb, Ram 120Gb,), a scanner, two printers (one LaserJet and one coloured printer), generator and rent a strategically located office. Profit Potential: N40,000 monthly. Reaching out to advertisement companies will increase your income. 16. Business Name: Bulk Photocopy Overview of Campus Business: Photocopy of a single handout into many copies is called bulk photocopy (by students). This service is always needed especially when you make ally with lecturers or class governors. Skills Needed: Good health. It is stressful. Cost of Starting the Business: Medium Capital. Start with a good photocopy machine and a big generator. Getting a shop will increase your sales. Profit Potential: N12, 000 weekly. The cost of maintenance is high and can consume a weak student. It is time consuming but profitable. 57 ©EgoBooster Books, 2009. All rights reserved worldwide. 17. Business Name: Publishing e-Books Overview of Campus Business: Hot online business. Specializing on a niche is vital to publishing an e-book. This business can generate you other businesses both offline and online. Skills Needed: Writing and marketing skills. Cost of Starting the Business: Low Capital (Zero capital) Profit Potential: Between zero naira and N5, 000 daily for a beginner. It depends on your exposure and e-marketing knowledge. Get more information about this online business in one of my ebooks, 100 Creative Ways to Write, Publish and Sell Your Ebooks (email: firstname.lastname@example.org ) 18. Business Name: Publishing ezines Overview of Campus Business: This is another online business that demands some little e-commerce knowledge from you. Getting those that will pay for your ezines is hard. But when you provide factual and rare information, people will for it. For a start, you can make it free and let advertising companies including Google pay you for ads space and affiliate programs. Skills Needed: Ability to research and write logically. Cost of Starting the Business: Medium Capital. You need a computer, 1x starcomms or multilinks phone, 3-in-1 DeskJet printer (for scanning 58 ©EgoBooster Books, 2009. All rights reserved worldwide. and printing), and small tiger generator. You need to create a free blog or have your website created (cost about N13,000 minimum). Profit Potential: Between zero naira and N5,000 daily 19. Business Name: Online Referral Program Overview of Campus Business: Online referral program is real. However, Nigerian students are yet to benefit from major online referral programs. At EgoBooster, we have created a well paying referral program for you. If you bought this book, fill this form and send to email@example.com . REFRRAL FORM Name of Referrer:_______________________________________ Phone Number: _______________________________________ Payment Mode: CashCard ( ), FlashMeCash ( ), Recharge Card ( ) Email: _________________________________________ School/Location: _________________________________________ *Your Phone Number serves as your referral code This code (and your name) is what your referrals will supply when buying the e-book version of 100 Best Businesses to Start before You Graduate. Each time the people you refer buy the e-book, your account will be credited with N200. When this hit 10 referrals, your money (N2000) will be sent to your account (depending on the payment mode chosen in the 59 ©EgoBooster Books, 2009. All rights reserved worldwide. form which are: CashCard, FlashMeCash or Recharge Card- Glo, MTN, Etisalat, Starcomms, Zain, Visafone and Multilinks) Skills Needed: Marketing skills. Post your referral code and name in your webblog, websites, email, text messages, hostels, etc and tell people to buy the e-book from www.egoboosterbooks.wordpress.com using the payment options available to them. Let your referrals know that they too will be given a referral code to refer others to buy the e-book. Cost of Starting the Business: N500 for buying the e-book version online. For the e-book, pay through your cash card (Transfer N500 from your CashCard to this CashCard No: 6280512007611338367) or visit any Guaranty Trust Bank to pay (Account Name: Omotere Tope. Account Number: 904-466-608-315-90). Text your payment details (name, email address and 100 Best Businesses to 08077447220 for confirmation). Profit Potential: N2000 on 10 referrals, N20, 000 on 100 referrals, N40,000 on 200 referrals, N100,000 on 500 referrals, N200,000 on 1000 referrals and N1 million on 5000 referrals . It is advisable to start your online business with low risk. EgoBooster Referral Program cost you nothing to start except telling people to buy this ebook. 60 ©EgoBooster Books, 2009. All rights reserved worldwide.
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