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The Best Businesses In Nigeria – How To Start & Grow Your Business

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The Best Business In Nigeria

If you are looking for new business ideas or just a way to make some money in Africa, then Nigeria is the place to achieve that dream of yours! 

Nigeria, the sub-Saharan African country, is home to one of the fastest-growing economies in the whole African continent. Though the country has experienced a very large setback in the best 7 years due to its choice of leaders, which has affected the country’s economy, it remains one of the best places to start up your business.

Nigeria in West Africa is also home to some of the most exciting small business opportunities globally. With its vast array of business opportunities, it can sometimes be difficult to know where to begin, how to begin it, and the best approach to perform well in Nigeria’s business. 

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In this article, we will take you through some of the best ways to start and grow a business in Nigeria, the best-tested approach to take as a startup, the best location to start your business, and the way to go about it. 

We have interviewed some of the best performing business owners, asked them some questions about how they started and was able to grow their businesses and the sacrifice they had to make to make it to the state they are currently; their answers are what we will be giving you here is the insight to part of the list of the best business In Nigeria, the current best-performed business currently running now, and the best location to start your business.

Best Business In Nigeria

We highly recommend you start some business in Nigeria if you want to make some cash in the country, while some don’t worth the stress.

We will keep our options open, give you the best advice we have, give you the guise as needed, and then allow you to choose depending on your location, capital, and how you want to run the deal.

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Below is the list of tested businesses you can start in Nigeria and make a good profit out of:

  1. Solar parts Installation business
  2. Poultry farming
  3. Email marketing
  4. Rice farming
  5. Making fruit juice
  6. Content marketing
  7. Importation of used clothes
  8. Car wash
  9. Setting up an eatery
  10. Transportation business
  11. Fashion designer and tailoring
  12. Waste management
  13. Animal Husbandry
  14. Rental services
  15. Mobile phone repair
  16. Pure water business
  17. Recharge card and data
  18. Catering services
  19. Laundry services
  20. Event planning
  21. Photography
  22. Liquid soap production
  23. Ice block business
  24. Affiliate Marketing
  25. Graphics designing
  26. Beauty Service
  27. Gas shop
  28. Hotel Services

We will cover some crucial parts of the business and how you can start the business of your choice.

Solar parts Installation business

Solar installation is a very nice business to start in Nigeria because Nigeria cannot give its citizens a steady electricity supply. Many businesses and individuals are switching to solar energy, and 100s join every day. You can start installing solar energy for this person who needs it to make some cash out of it.

How to start a solar installation business

  1. Inquire about the best prices of solar equipment
  2. Buy your tools such as a screwdriver, spanner, and tester
  3. Meet someone that knows how to install solar and learn from that person (1 month or 2 will be enough)
  4. Advertise your handwork so people will start patronizing you

Poultry farming

You can start poetry farming in Nigeria by just getting a small piece of land, getting your livestock, and getting the important education you need to start one.

Email marketing

You can start your email marketing business, and if you have a laptop and internet access, you are good to go. Go on YouTube and learn how to do email marketing with ease; many YouTubers are willing to teach you for free.

Rice farming

If you live in places like Ebonyi state, rice farming should be your best choice because their land is good for producing rice.

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Content marketing

Content marketing is a nice business to start; go on YouTube and learn everything you need to know.

Fashion designer and tailoring

If you know how to sow, then fashion design should be your best option; you can start making clothes for people that need them.

Waste management

Not many people are into the business; there is a lot of waste produced in Nigeria, and you can turn it into business.

Mobile phone repair

If you are good as a handyperson, you start fixing people’s phones and charge them money for it. Not everyone has the money to acquire a new phone. When theirs get spoiled, you can start making money from it.

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Laundry services

You can wash people’s dirty clothes and bedsheets, and it is a very lucrative business to start at any point; get some location where lots of people live and start your business.

Liquid soap production

Making liquid soap is not as hard as you think; learn how to do it on YouTube and start your business.

How To Promote and Attract Customers To Your Business

Below are steps to attract customers to patronize your business; you must not do everything recommended; you can choose one or two recommendations and follow them.

Join A Facebook Group

Facebook groups are the king when starting and building a business in Nigeria. We are all familiar with it – whether you’re a Facebook member or not. There are thousands of groups for just about every type of business you can think of. 

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And if you are the kind of person who likes to make new friends, joining groups is the perfect way to meet people in your area and get involved in the activities.

Set Up An Instagram Account

If you consider starting a social media campaign, Instagram is king in Nigeria. It is the king when it comes to taking pictures, but also when it comes to likes and follows. 

With more than 200 million users and counting, it is the ideal platform to promote your brand and products. Money, and want to do it the old-fashioned way, an Instagram account is the way to go.

Get A Traditional Newspaper Ad

This is one of the oldest business ideas in the book. And it is still going strong in some parts of the world. And it works in just about any town or city in the world – as long as there is a newspaper to be printed. With the newspaper, you can advertise your products and services and run some great ads.

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Get A Black Booking

This is one of the oldest business ideas in the book, and it is still going strong in some parts of the world. And it works in just about any town or city in the world – as long as there is a blacksmith or a photographer to be booked.

Join A Facebook Event

Facebook Events are the future for starting and growing a business in Nigeria. You can join a free class and learn some skills that will benefit you in this field. With some simple steps, an event for your friends and family to join. And with the growing popularity of Facebook Events, it does not seem to be slowing down anytime soon.

Build an Online Business

The future of online businesses in Nigeria is bright. And with the growing popularity of the internet, there are endless opportunities for startups to build an online business in Nigeria is very easy. You need to use a website like Wix or Squarespace and integrate it with your existing mobile app. You can create a professional website with unlimited features for your business or use a free website builder. The choice is yours.

Create an Online Course

Online courses are becoming more popular as more people are interested in online business training. And with so many great classes and free courses to choose from, it’s very easy to get started. You have to find a course that you think would benefit your business and sign up for it. You can then use the payment option provided by the course provider to pay for the course.

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Create an eBooks or a Manual PDF

Manual pages are great for small businesses as they can allow you to create eBooks or handbooks that you can distribute to customers and friends. You can either self-publish your manual or sign a publishing deal with a traditional publisher. Decide between printed books, eBooks, or both.

Join A Networking Event

Should join a networking event. With more than 100,000 networking events held each year in the U.S., there is bound to be one near you. You can join a health-related event or a financial event, or even a marketing or sales event.

Set up an email list

Email lists are one of the oldest and most reliable forms of marketing. And with so many different businesses now offering email campaigns, it does not seem to be going away soon. And it works in just about any town or city in the world – as long as there is an email provider like Gmail or Hotmail to be sent to. With an email list, you can either send regular emails to your list or set up an auto-responder that sends replies to the top of the list.

Conclusion

The Nigerian economy is one of the most exciting in the world. With so many new business opportunities, it can often be difficult to know where to begin. That’s why, in this blog post, we’ve taken a look at some of the best ways to start and grow a business in Nigeria. With its vast array of business opportunities, it can sometimes be difficult to know where to begin. 

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That’s why, in this blog post, we’ve taken you through some of the best ways to start and grow a business in Nigeria. The business idea you believe in and implement it into life. From there, your success will be hard to stop.

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How To Start A Recycling Business In South Africa (2022)

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Recycling business is one of the most lucrative small businesses that is mostly looked down on in most African countries – South Africa included. This business involve the process of recovering and reprocessing scrap materials into useful products.

While this business is being looked down upon, it is very profitable, and the most interesting part is that it requires little capital to start. That said, let’s look at how you can start a recycling business in South Africa.

How To Start A Recycling Business In South Africa

Create A Budget

Before starting a business, the first thing you need to do is create a budget. Having a budget will help you know what and what not to spend money on. It will give you a clear idea of what you are doing and reduce the risk of spending money on unnecessary materials and services.

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The cost of starting a recycling business will depend on how big your business is and what type of operation you are looking to run. You will also need to budget for permits and licensing. Recycling businesses can’t be run without them.

If you’re going to quit your job to start a recycling business, make sure to save enough money to cover your expenses for at least one year. You might not get the expected profit immediately.

The expenses to bear in mind include:

  • Business registration
  • Vehicles to haul recyclables
  • Storage space for your recyclables
  • Employee salaries
  • Machinery to process recyclables
  • Money to pay people for their recyclables
  • Acquire The Relevant Equipment/Machines

Find A Perfect Location

When starting a recycling business, the location of your business is one of the major things to consider. It doesn’t matter if you specialize in scrap metals, plastic recycling, or cardboard. Your main customers should be within easy reach of your business.

Also, transporting the materials to your location might cause your products to cost more and this might stop customers from buying from you and going to your competitor who is selling at a cheaper price.

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Therefore, finding businesses or factories that make a lot of recycled materials is important and move your business closer to these companies.

Get A Space

After identifying the location where you want your business to be situated, the next thing is to get a space where you will store, process, or sell recyclable materials. This can be done by leasing or buying a building.

You might be able to use an existing space like a garage to start if you’re just collecting materials to bring to a processing facility.

It is important to check the building you are considering for your business has the appropriate zone.

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Also note that it’s important for customers to easily access your location, whether they are coming to buy items or drop them off. It should be centrally located, with plenty of parking.

Register your business

A lot of benefits come with registering your business, including tax write-offs and credibility. Big companies won’t work with an unregistered company.

It costs only R175 to register your business through the CIPC and It usually takes a few more weeks before everything is up-and-running.

Get Permits

A business license doesn’t mean you are ready to start your business. Every state has rules and requirements regarding permits that certain types of businesses must obtain.

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The type of materials you have collected and the extent to which you sell them to the public will determine the type of permit you require. You must comply with all federal and state environmental protection laws if you handle hazardous materials such as mercury from electronic devices.

Get Your Capital Ready

Before you start a business, you must have your capital ready. Although many government agencies provide small scale businesses with funds to start their business, it is better if you could start with your own capital because getting a government fund takes a long process.

However, as long as you have a solid business plan, getting funding shouldn’t be difficult.

Get The Necessary Equipment

You cannot operate your recycling business without the right equipment. These machines and equipment must be purchased. If you’re on a budget, equipment leasing or partnership with recycling companies could be an option. The machine or equipment you purchase will depend on the market.

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Generally, the equipment needed scales to weigh all your plastic waste, bins, sorting and grouping equipment, washing gears, etc. If you’re working with large quantities of recyclables, you’ll require shredders, pulverizers, granulators, and other equipment to reduce materials into smaller pieces.

Select The Products To Recycle

Lastly, you have to select the product you want to be recycled in your company. As a business owner who deals in recycling, there are hundreds of materials you can recycle.

However, picking we a few won’t only make your work easy, but it will only increase trust since companies who work with the material you are recycling would see you as an expert when handling only those types of materials.

Also, not all materials are profitable when it comes to the recycling business. To help you avoid jumping into recycling a product that will not positively impact your investment, we have highlighted the major products with high ROI that can boost your recycling business within a few months.

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Most profitable products to recycle are;

  • Aluminum cans
  • Plastic bottles.
  • Old cooking oil.
  • Old electronics.
  • Car batteries.
  • Scrap metal.

Advantages Of Starting A Recycling Business

Recycling Maximizes a Businesses Profitability

As a business, you get paid by many big companies in South Africa for helping them recycle their scrap materials.

Most times, these big companies collect scrap materials from the environment, they turn it over to recycling companies to convert the scrap materials into useful products, and if you could get a deal with a major company, you can significantly raise the profitability of your business.

Additionally, a successful recycling program frequently generates more interest in your company, allowing you to profit more from your green initiative.

Creates a Positive Workplace Culture That Attracts Top Talent

South Africa as a nation has grown significantly more environmentally conscious over the past few years. Strong green initiatives foster an environment at work where people care about improving their systems and the environment as a whole. This welcoming, forward-thinking workplace environment frequently draws top talent. You can more effectively and efficiently achieve your business goals by luring and keeping the best employees.

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Recycling May Provide Opportunities for Business Grants

Recycling is valued by both public and private organizations for business. The presence of an extensive recycling program frequently qualifies your company for grants and other fantastic opportunities. This benefit shouldn’t be disregarded because it could prove to be a valuable asset for your business, especially if you are just starting out.

Three Possible Problems You Might Face When Starting Your Recycling Business

Starting a business from scratch is very demanding. The whole process requires patience, time, and effort from getting funding for your business to keeping it up and running.

However, we have highlighted the three common problems most people face when starting their recycling business.

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Funding

If you are starting out as a sole entrepreneur, you might experience problems getting funds for your business. Also, most government loans for business owners are very difficult to get because it requires several processes and numerous submission of documents just to get it approved.

Location

Secondly, getting a perfect location for your business is another problem you might encounter. As a recycling company, you need to locate your business where both your customers and clients (organizations you work with) will be able to access it without stress.

Getting Clients

Lastly, you might face problems getting clients for your business. Most companies in South Africa now build a recycling department in their company, and this makes it more difficult for recyclers.

However, if you can pitch your business perfectly and offer them mouth-watering rates, you should be able to convince them to work with you.

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How Much Do Recyclers Make In South Africa?

Recyclers usually earn between R5,000 and R8,000 per month in net monthly earnings. As an employer, if your employees work 45 hours a week or more, you should be expected to pay them about R3,000 and above monthly, depending on their roles and experience.

Conclusion

If you’re considering starting a recycling business in South Africa, it is important to research the field to determine if it’s feasible and could generate income. Depending on the kind of business you’re considering, you’ll require an outline of your business, study the competition, and then review the recycling policies of your business.

Most entrepreneurs are taking advantage of this new avenue of opportunity and once you’ve mastered the recycling business aspect, you may be part of the group of recyclers.

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10 On-Demand Kasi Business Ideas

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Kasi Business Ideas

South Africa needs more business in various towns to enable money flow and distribution across each town and state. We agree that kasi business has made many millionaires in South Africa doesn’t mean that there is no room for more millionaires in making.

There are many kasi business opportunities available that you can still venture into as an aspiring entrepreneur, there is a lot of money to be made from that.

The only way many will be able to make the money is by starting small and then building the business to the level you want.

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The mistake young business owners made is thinking that business success will come automatically once they have put little money into the business forgetting that nothing works that way, you must be willing to start small and then build to the top.

When i first visited south Africa first in the years 2010. I made some surveys in which my aim was to find a business that will be able to start fetching money after the second year.

I did my survey for a period of 6 months, I got ideas from people I trusted to give me legit information while I scramble for my own way.

After a period of 6 months, I was able to get ideas of the business I could start. Now the problem was determining the best place to start that very business which took me a period of 3 months totalling 9 months I spent in a business venture in South Africa.

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Due to the period, I spent finding the right business that will best suit me, I got success in my business. Thou my success didn’t come once.

The time came when I felt like I have made the wrong choice by venturing into business in South Africa, but at this point, I had two options, one was too quiet and the other was to continue with the hope that my tomorrow will be better.

I stuck with the idea of staying strong and building my business in South Africa and after about 2 years of running my business, I started getting success in every expert, even the place I least expect.

My point is that no business will get success from the very first day it is launched, you must be willing to sacrifice on behalf of the business, put your best into it and sometimes go hungry to make sure you are successful in any one you choose to go with.

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I will guide you on the top kasi business you can start today in South Africa, during my time there was no one to help me make the right decisions, everything I did was based on trial and error till I found what works.

Here you have the luxury of getting first-hand advice from someone who has been there and knows the exact steps one can take to succeed with any kasi business idea.

In those posts I will show you the best kasi business ideas you can start from today, these ideas are not very hard to start and will not be very hard to master.

Kasi Business Ideas

The unemployment rate has risen to a point where since the modern history, there has not been any time the rate at which people can not be employed.

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As a young man or woman, you can start your kasi business with this ultimate idea I am giving out here now. It is your job to figure out the one that will best suit your interest, build on it and establish a  name on it. Doing this will help you solve the employment rate in your own capacity.

1. Videography and Photography

Though there are lots of phones with amazing cameras, this only can not eliminate the need for professional photography.

Start covering occasions for people who may need your help, and use drone technology to capture and video invent. People are willing to pay a huge amount of money when you do your work professionally.

For a startup, you will be required to spend money on cameras, video recorders, and drones with good cameras. Buying this item will be very expensive for a stater, I will advise going with what you can afford the when you start making money

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2. Provide Laundry Services

Many shy away from laundry services thinking is a job made for those with low self-estimate. Many millionaires started as laundry service provider, raised money hen ventured into other business still doing their laundry business.

This is a great way to start up your kasi business in any town in South Africa, there are lots of places that need laundry providers, look out for those paces then establish your base there.

3. Start as a Freelancer

The freelancing market needs more hands due to demand exceeding the supply. Not too many people know that as a freelancer you can live the life you have always dreamed of living having the freedom to work anytime you chose to do so.

Start delivering jobs that require low skills, study the ones that require tactical skills, and when you master it, you can switch to them. Remember you should be willing to endure the pains that come with it.

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4. UI and UX Designer

5. Pet Training and Grooming

6. Gym Trainer

7. Virtual Teacher and Instructor

8. Commercial Transportation Business

9. Private Driver

10. Car Wash Services

Bottom Line

This is my 10 list of kasi business ideas I consider very lucrative. You do not have to do everything at once, there are ways to make your work more productive and that is putting all of your work at a particular place a time, some times multitasking ourselves doesn’t really work out fine but putting work where it is required and Putin our best every time we decide to do anything.

I hope I have helped you make a better choice of kasi business ideas you want to start be sure to give us feedback on any place you will e ending help. I will be more than happy to answer any further questions you want.

Starting any of the kasi business ideas we have listed here may turn out to be the best you will do for yourself, you do not have to wait till you have everything, you can start with that little money in your bank account and then expound as your earn.

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How To Setup Online Boutique Business Plan

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How To Setup Online Boutique Business Plan

Building a business from time has not been an easy thing to do, we understand this very well which is why we are about to teach you how to prepare your online boutique business plan.
Ever wondered if it is possible to own an online boutique where your showcase trending fashions for people to buy, yes it is very possible.

Many may call that kind of business clothing e-commerce websites while others know them to be online boutiques. I will teach you the exact ways I was able to set my plan for my online boutique business, the steps I follow in order to get a successful business plan and the ways I was able to do it.

You must be wondering why it is hard to get a business plan for your online boutique very hard, it is because you have been looking at the wrong places which showcase a very lengthy business plan that appears impossible to achieve.

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The truth still remains that a business plan needs to be carefully written and involve many steps in order to arrive at the best approach but it doesn’t need to be stressful.

There are some websites that will give you a good already made online boutique business plan, but none will give you a business plan that perfectly suits you and the aim you have for the business.

There are a few things I will really focus on teaching you here, those things are the main criteria for preparing any online business plan. You can apply it to any only business you may be venturing into tomorrow.

  1. Preparing a business plan base on your experience
  2. Make sure everything needed is in place
  3. Setting a realistic goal
  4. What do you look for as a guide while preparing your business plan
  5. Cost of setting up your business
  6. The approach to promoting your online boutique
  7. Area of concertation
  8. Startup budget plans
  9. Strategy to keep customers glued to your online boutique business
  10. Numbers of staff you will need to start up the business

From my experience, I have learnt that it is better to include both the known and the unknown while preparing your business plans.

Read also: How to verify your business

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There is no formal agreement on what a business plan should look like, it only needs to be realistic and presentable in case you want to get a loan from a bank. I highly recommend your pay very close attention to these things.

Online Boutique Business Plan

Having made a deep research on an online boutique business plan, I concluded that there are things that are not supposed to be limited while there are things that are not supposed to be added based on the need for modern developments.

One thing you should always in mind is that the need for you to stay on track should be there, monthly analyses should never be missed and quality reports should be examined very well in order to improve work output and improve the income your online boutique generates.

1. Preparing a business plan base on your experience

If you have any prior experience in business planning, I will recommend you start from there to develop your online boutique business plan.

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Thos approach will greatly help you consider those things that have helped you or have made the previous online business successful.

Before preparing my online business plans, I will make sure I first include those things that have previously helped me achieve success.

Never underestimate your potential, only use the external knowledge your get in a place where there is no better option for your to go.

2. Make sure everything needed is in place

Making sure everything is in place simply means setting up the most important things prior to launching. Many mistake new aspiring business owners make is ignoring the little things thinking they will fix themselves when the time comes not knowing that anything that is to be fixed should be done by using the owner of the business.

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There is no point leaving some things that matter in the idea that it will take care of itself. Be sure to checklist everything and see that it is in place before launching your online boutique business.

3. Setting a realistic goal

People are fund of not setting a goal that they know they can achieve, they so much believe in fantasy forgetting that we are not in Disney movies.

Reality requires us to be realistic, set our goals based o what we know we can achieve, and do not include what others have done which you are not certain on how they were able to reach that level.

Your goal should be based on your abilities and strength.

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4. Cost of up your business

Consider very well the cost of setting up your business. Every business requires capital to start, check the right amount it will cost you to start and do not be stingy about it.

Also, set up a place where you will get the money from. Getting a loan may be the best option but first check other options you have then if there is none that may work for you, go with the loan.

After getting the loan, it will be in your best interest to work and repay the loan you have taken from the bank.

How To Setup Online Boutique Business Plan

5. The approach to promoting your online boutique

Setup a medium of promotion and how your will e able to reach your audience. There is no way you will succeed if you are overlooking the way you will be able to reach buyers for your online boutique business.

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Today you have many options like social media and the internet, you promote your website with Google or Facebook so that with their help you will be able to reach to new audience.

6. Strategy to keep customers glued to your online boutique business

After getting those customers for your online boutique business, it is another job to keep them from leaving you. You need to find ways to let them stick to you, and get ways for them to keep buying from your services.

You can create an avenue where you let them voice out their experience and give a review about your services then look out for the place where your performance is not encouraging and strengthen it.

7. Area of concertation

You need to have at least 5 areas you concentrate on to grow your business, loom for those areas where everyone is ignoring then set up your customer base there.

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Applying these technics will greatly help your stand the test of time, you will not have lots of completion and as a starter, you will not need to spend plenty of money on promotion.

8. Number of staff you will be needing

Only you can not do the while jobs, plan for numbers of staffs you will be starting with, plan o how much if staff will be paid after a month and the medium of payments.

Employ competent staffs that will assist you in the business, they should be able to have a good goal for your online boutiques, the should e able to handle many parts of the job.

They should be able to multitask since you will be needing a lot of it for your online boutique business.

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