How to Hire a Broker to Sell You Website

There are basically two ways to sell your website. You can list the site, find a buyer and negotiate a fair price. The other option is to use a website broker as an intermediary. There are also brokers who specialize in domain names.
The job of a broker is to facilitate the sale of your blog or website. They strive to find an agreeable price for the property using their knowledge and experience. Most times a broker would get a better deal than the owner if they choose to sell by themselves.

Who Needs a Broker?

Generally a broker only deals with sites that earn $100,000 to $4million a month. If your site earns $400 you are better selling it yourself. However some brokers would consider sites that are worth $25,000 and above.
Why Hire a Broker
The question is why hire a broker and pay a percentage of the sale. The answer is simple. The broker understands the market and has a wider reach. They generally have people interested in certain property.
The broker is driven to perform because they earn only when a sale is concluded. They also protect the confidentiality of both parties and maximize the sites earning potential. They also remove the burden of negotiating or stress associated to property sales.
A good broker should have a contact list, sales channels and credibility. They also need to have god negotiating skill and promotional strategy. They understand the buyers market and organize and present relevant statistics to backup their sales pitch.

Advantages of using a website Broker

•    The broker understands the market
•    has a wider reach
•    they have a contact list
•    sales channels
•    credibility
•    god negotiating skill
•    promotional strategy
•    They understand the buyers market
•    present relevant statistics
•    good sales pitch

What They Do

The broker manages the portfolio of the client.  They discus with website owners and agree on a percentage on sale of the web property. A good website broker works with statistics. They valuate ascertain the true value of the website and ways to improve the stats.
Functions of a broker include understanding market potential, traffic analysis, price, business model and profitability. They also identify buyers, draft contracts and assist in the sales. They also improve the site SEO in the short term to improve the value.
They negotiate, advertise, list, and facilitate money transfers. The web broker would work on a presentation, compile offers and do the paperwork. This includes writing a letter of intent, escrow and sales finalization.

Job of a Website Broker

1.    manages the portfolio of the client
2.    discus with website owners
3.    agree on a percentage on sale
4.    works with statistics
5.    valuate
6.    ascertain the true value of the website
7.    improve the stats
8.    they understanding market potential
9.    study traffic analysis
10.    price
11.    business model
12.    profitability
13.    they identify buyers
14.    draft contracts
15.    assist in the sales
16.    improve the site SEO in the short term
17.    they negotiate
18.    advertise
19.    list
20.    facilitate money transfers
21.    they work on a presentation
22.    compile offers
23.    do the paperwork

What Happens When You Use a Brokerage Site?

The seller could alternately list the property on a brokerage site. The brokerage site lists the website and takes a set percentage after the auction is concluded. So any way you look at it you still have to pay someone a percentage. Some brokerage sites collect an upfront listing fee.
There are some good individual brokers on Flippa. Before using their serves there are a few things to ask. You need to know their success fee and type of exposure your listing gets on the site.
The account management serve should have a success fee not higher than 18%. There should be a listing upgrade to homepage / premium auction. Other advantages should include editor’s choice, message handling and feature in the weekly newsletter.
The websites listing sent through email to top watchers, social connections, research and outbound marketing services. The broker should also monitor post auction transactions.

Flippa Broker Account Management Services

•    A success fee not higher than 18%
•    listing upgrade to homepage / premium auction
•    editor’s choice
•    message handling
•    feature in the weekly newsletter
•    email to top 200 watchers
•    social connections
•    research
•    outbound marketing services
•    they should also monitor post auction transactions

How Long To Sell a Site

The duration for a sale could be a few days to several months. A site like Flippa allows a maximum duration of one month. If the site is not sold within this period it could be re-listed. Therefore a good time frame is between 1 to 6 months.

How to Find a Website Broker

The first step to hiring a broker is to study his antecedents. Find out the persons success rate and professional background. Make sure the person is legitimate, certified and trustworthy.
Find out if the person is part of a bigger organization or a freelancer. Look for reviews or testimonials. Ask relevant questions such as commissions, websites they have sold and their sales strategy.
You need to verify if the information you receive is accurate and search third party websites for information. Verify the contact information and operational base of the broker.
Find out how many websites they have in their current portfolio. A good broker should have a few at every given time. It is essential to verify their claims and use only legitimate professionals.

Top website Brokers

The size of the website would determine the website broker to engage. If your sites market value is less than $ 60,000 then you need a mid range broker. A good place to list your property is Flippa.
They accommodate low and mid range websites and charge a small listing fee.  The site is put up for auction and the highest bidder wins. Payment is done via escrow or PayPal depending on your preferred payment option.
Another broker options for website owners are Digital Exits for high end websites. If your site revenue is $100,000 to $4million then they are your best bet.
Other good brokerage sites to consider are FE International, We Sell Your Site, Digital Acquisitions and Quiet Light Brokers. To use FE International your site should generate $25,000 to $5 million.

List of Website Brokers

•    Flippa Deal Flow
•    Wired Investors
•    Digital Exit
•    We Sell Your Site
•    FE International
•    Flippa
Ways to Sell Digital Products from your Website
7 Places to Sell Your Website or Blog

Conclusion

The website and domain market offers webmaster a veritable source of income. There is huge potential for growth and the market keeps improving. To maximize your success you could leverage on the skills of a broker.
However, most website brokers deal with site with revenue $20,000 to $4 million. The broker would offer the seller a better chance at making top dollar for the property. If you intent buying or selling you can use a broker.
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How to Start Watermelon Farming in Nigeria

Watermelons are sweet juicy fruits with lots of health benefits. The nourishing fruit is grown extensively in West African countries. They are also cultivated in Asian countries, Egypt and India.

The popular fruits earliest record goes back 4000 years in ancient Egypt. Easy to grow it requires good soil, water, adequate sunlight. To start a watermelon farm secure farm land, purchase seedlings, prepare the soil, grow.

Health Benefits of Watermelon

The fruit is believed to aid the body’s metabolism, control obesity and unclog blood vessels. It contains lots of vitamins, folic acid, iron, magnesium, good source of potassium.

How to Start a Watermelon Farm

•  Secure farm land
• know the planting season
• purchase/prepare seed
• prepare soil organically
• cultivate
• harvest when ripe
• marketing and sales

Secure Farm Land

Secure a good farm land for the cultivation of the melons. The best soil composite is loamy or sandy soil. It is essential you introduce fertilizer to the soil. Find an area with adequate sunlight, water.

The water sources could be a stream, river, well or borehole. Watermelon plants only need moderate amount of water to grow. The farmer could lease farm land or purchase accordingly.

• loamy or sandy soil
• introduce fertilizer
• area with adequate sunlight
• good water source

Prepare the Seeds

The juicy fruit is known to have lots of seeds. The farmer should use only quality seeds for better yield. To check the quality of the seed dip in 4% solution of salt/water. Quality seeds tend to sink to the bottom and are ideal for farming.

Prepare Seeds: To prepare the seed for planting you need to follow some simple steps. Sowing the seeds without preparing them would not yield any result. This is because the seeds have a leathery shell.

To prepare the seeds soak in warm water daily. The water temperature should not exceed 35C. The next step is to heat the seeds under the sun for a period of 9-10 days. This makes the seeds resistant to disease, ready for planting.

start a fruit selling business in India

Cultivation Method

Conventional cultivation method is to create rows for the seeds 2.5m. The distance between crops should not exceed 2m.

The depth of the sow hole depends on the type of melon.  The soil should be fertilized and composited, and then introduce the prepared seeds.

You can use a seed per hole to achieve larger melons. Make sure you provide adequate space between plants to accommodate the fruit. For best result use organic fertilizer or compost.

Avoid fresh manure because it affects the quality, taste, plants resistance and hasten ripening. Make sure the plants are uniformly distributed in rows. Once they grow on the central stem control the fruit formation.

how to plant watermelon

Watering the Plant

Watermelons tend to have long roots that are capable of finding water. The early stage of growth needs occasional watering to grow the plant.

Pollination is generally achieved by flying insect attracted to the flowers. To achieve quick fruiting pollinate 'yourself' by introducing male to female flowers.

Harvesting the Watermelons

Make sure the watermelons are fully ripe before harvesting. The fruits are durable and long lasting. A ripe fruit feature uniformity in color and is well rounded.

You need heavy duty truck to carry the bulky fruits to the market. Sell you produce to wholesalers, fruit vendors, market women, supermarkets. Others potential customers are beverage drink makers, fruit stands.

Where to Sell Watermelon

• Fruit wholesalers
• fruit vendors
• market women
• supermarkets
• beverage drink makers
• fruit juice manufacturers
• fruit stands

Planting Season in Nigeria

The best planting season in southern Nigeria are March, June, September. The northern areas plant in May and July.

 

 

 

 

 

 

 

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Starting a Fruit Selling Business in Nigeria

Although each fruit type is seasonal and perishable they provide an ideal investment opportunity. Fruits are loaded with essential nutrient, energy, natural supplements for our body. They taste nice are delicious, easy to digest.

They aid bowel movement, provide fibers and are low in calories. Fruits have many economical values in the food, beverage and manufacturing industry. To start a fruit business you need finance, suppliers and store.

Types of Fruits

The list of edible fruits found in Nigeria is huge. Popular fruits are oranges, lemon, pineapple, and apple.

Others are banana, pawpaw, guava, grape, watermelon. More include carrots, tangerine, plantain, mangoes and pear. You can sell a combination of fruits or specialize in one type.

Fruits

• Oranges
• Lemon
• Pineapple
• Apple
• Banana
• Pawpaw
• Guava
• Grape
• Watermelon
• Carrots
• Tangerine
• Plantain
• Mangoes
• pear

Economic Aspects of Fruits

Apart from the benefits derived from the consumption of fruits they have good economic value. They are eaten raw, processed, cooked or roasted.

You can add them to meals, blend or make into fruit juice. Fruit selling provides good income for the investor.

An investor could go into wholesale, retail or production. Manufacturing beverages involves huge capital investment in machinery, factory location, utilities, personnel, transport and marketing.

However retiling requires small startup of less than N100, 000.  About N500, 000 to N1, 000,000 is sufficient to go into wholesale. Popular wholesale fruit markets in Lagos Nigeria are Ketu Fruit Market, Ojo Market, and Mile 12.

Find Suppliers

A wholesaler or retailer needs to find a credible supplier. Wholesalers generally buy directly from farmers in remote areas. Sometimes they work through middlemen who contact the farmers.

The fruits are then gathered, transported to the major markets. Top producers of fruits are the northern parts of Nigeria. However fruits are found in abundance throughout the nation.

Fruit Retailer

A fruit retailer buys directly from wholesalers or farmers. They supply supermarkets, grocery stores, market women. The retailer can open a store to sell directly to customers.

Fruit juice Producers

 A person might decide to go into fruit Juice production. This involves juicing equipment, preservatives, airtight packaging, branding. The juice could be patented and needs NAFDAC.

Licensing

Only manufacturers need   NAFDAC registration number. You could get a business name, trade license. There are some local government levies including membership of associations.

Location

The location of the business should be in a commercial area. Ideal locations are close to their market base. Other good locations are busy roads, walkways, areas with heavy vehicular, human traffic. .Make sure the office has storage equipment, refrigerator, generator.

Ideal Location for Fruit Stall

• commercial areas
• close to market base
• busy roads
• walkways
• areas with heavy vehicular
• human traffic
• start a watermelon farm
• start fruit selling business in India

Marketing

Marketing fruits is very easy because of their health benefits. To sell you fruits you can get a stall in a popular fruit market. Other ways include selling through on online portals or a website. Try home delivery, word of mouth, supermarkets or network with fruit sellers.

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How to Start a Small Fruit Juice Business in India

Mumbai is an urban city that runs 24 hours and ideal for fruit juice bars. The business is very lucrative, easy to establish. Fruit juice is delicious, refreshing and nutritious. There are many health benefits to drinking juice

There are some things to consider before starting a fruit juice business. Find out the popularity of the fruit among locals, and then prepare a business plan, budget. Make sure the fruit is readily available in the local market. Choose different verities of fruit and aim for quality.

source-/i.pinimg.com

How to Start a Fruit Juice Business

Location

The location you choose will determine the success or failure of the enterprise. You need to locate the business in a busy area with heavy human traffic.

Ideal locations are near offices, schools, shopping or commercial areas. Others are supermarkets, within shopping center, mall or entertainment center. Visibility, proximity to market base is essential.

Stand Out

The juicing business could be very boring without innovation. You need to stand out from the pack. Differentiate your products by creating interesting mixtures that are tasty and fun.

Experiment with smoothies, recipes or add snacks to menu. Use a good interior designer to create an interesting ambiance. Give your products unusual names, offer competitive prices. You can provide attractive menu cards to your customers.

Juice Bar Equipment

The juice business requires only basic equipment. You need a juicer, blender, mixing cups, filers. Others are cocktail glasses, cash register, glass cups and refrigerator. Buy a generating set in the event of power failure. You need proper utilities like electricity, portable water and disposal units.

• Juicer
• Blender
• mixing cups
• filers
• cocktail glasses
• cash register
• refrigerator
• generating set

Service

Work on staff training to offer your customers good service. A fruit juice bar can operate with one or two personnel.

You need a juice mixer, service person to perform multiple tasks like cleaning, cash collection and accounting. You can run the bar yourself or hire additional help.

Supplies

To maximize your profit purchase the fruits in bulk. Contact wholesalers or farmers in your area. Bulk purchase reduces costs significantly, offers fresher juice.

Financing the business is relatively easy. You need funds for a juice bar, equipment, raw materials and interior décor. Secure funds through target savings or borrow from family, friends. You could decide to take on a partner or approach a thrift credit society.

Legal Requirements

The legal requirements involve need FSSAI license and registration. Register the shop as a sole proprietor business or private limited liability company. You could get insurance cover, fill tax requirements. There is also food handler health, safety provisions.

Fruit Juice Production

You might decide to expand your business to package fruit juice. The type of fruit juice level of purity depends on the manufacturer. They must however place a label indicting the content, date of production and ingredients. The level of purity should be clearly displayed on the packaging.

Fruit Juice Production Equipment

Fruit juice production needs specialized equipment. The equipment you need are laboratory equipment, juice extractor, cooling, labeler, sealing, intake equipment.

The type of equipment could be locally fabricated or imported. It could be fully automated or semi-automated depending on your funding.

• laboratory equipment
• juice extractor
• cooling
• labeler
• sealing
• intake equipment

Fruit Juice Production Process

The production process depends on the type of fruit juice. To produce fruit juice you need fruit selection, preparation. Next stage is juice extraction, straining, filtration. The final process involves cooling, packaging, storage.

Fruit Juice Production Flow Chart

Fruit selection– preparation– juice extraction– straining- filtration- cooling– packaging - storage.

Methodology

Collect the fresh fruit, sort, and wash using a rotary brush system. This process is important to remove impurities like leaves, dirt, and sand.

The fruits are then crushed into pulp with a pressing machine. After pulping it goes through straining, centrifugal then filtered. The filtering process removes particles such as seeds, skin, and fruit tissues.

The cooling stage ensures good color, nice tasting juice.  Before filling the bottles they must go through sterilization. Filling machine is deployed in the packing stage including vacuum mechanism.

Fruit Selling Business

Advertise the Business

The business of making juice is very competitive. Therefore you need to advertise the product.  You can distribute pamphlets, use television, radio and print. Print flyers, posters, banners, billboard. Fruit makers need to find outlets such as supermarkets, mall and retailers.

How to Start a Watermelon Farm

 

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How to Export Palm Oil from Nigeria

Palm oil is edible oil used in the preparation of many dishes. It is common to West African countries, derived from kernel.

The major producers of the oil are Indonesia, Malaysia and Nigeria accounting for 40% of world’s production. To export palm oil you need to establish contact with foreign buyers.

Commodity export is very lucrative business with moderate challenges. You need finance, supply of the product, buyers, export license.

The good news is that the business is not saturated and has room for more investors. Last year (2017) Nigeria’s domestic consumption outweighed the production. Therefore investors could concentrate on local market or export opportunities.

Oil Palm Products

Before venturing into the palm oil business you need to differentiate different oil palm products. Common products derived from oil palm are Palm Kernel Oil, Deodorized Palm oil. Others include Palm Kernel Oil, Palm Kernel Shells, Palm wine, RBD-PKO/PO refined palm oil products.

• Palm Kernel Oil
• Deodorized Palm oil
• Palm Kernel Oil
• Palm Kernel Shells
• Palm wine
• RBD-PKO/PO
• Refined Palm Oil Products.

Opportunities in the Oil Palm Trade

Bulk Trading

Opportunities for investors in the palm business are bulk trading, palm oil processing, running a plantation. Bulk trading involves purchasing and stocking large quantities of the product. The trader earns on margin or during scarcity of the product.

Thing to consider as a bulk trader include good storage facility, funding. More requirements are purchase of quality products, transportation and handling. Palm oil is very durable with a long shelf life even under extreme weather conditions.

Palm Oil Processing

The shortfall in the product in Nigeria is due to outdated traditional processing methods. Modern mills produce high grade products using fabricated or branded equipment. The level of purity depends on the quality of the palm fruits, processing method.

Start a Plantation

The requirements for a successful plantation are quality seedling, good farm land. The investor needs startup capital, direct labor or mechanized equipment. It takes several years before the oil palm produces commercial quantity. This type of investment is long termed, recurrent.

How to Export Palm Oil

Documentation to Export Palm Oil

To export palm products you need some documentation. Documents are company registration, quality assurance and commercial documents. More include tariff concession, shipping documents.

• company registration
• quality assurance
• commercial documents
• tariff concession
• shipping documents

Register the Company

An individual looking to export palm oil could register as a sole proprietor. While medium/large companies can incorporate as a limited liability company.

The regulatory body for company incorporation in Nigeria is the Corporate Affairs Commission. Register your business name, pay required fees.

The Nigerian Export Promotion Council

Any exporter of goods needs to register with the Nigerian Export Promotion Council. They provide viable information on best practices for exporters. Members also get access to foreign buyers, learn regulatory requirements for export.

Quality Documentation

Europe, America and other export destinations have strict rules of compliance. The product should have quality assurance certification. The label should include address of processing company, NFDAC number, and date of production/expiration. The product should be properly packaged, sealed.

Shipping Documents

The mode of transportation determines the type of documentation. The most cost effective method is shipping.

Contact a good shipping company with experience in commodity export. They will provide useful information and handle the documentation. Some documentation involves customs, export agencies, buyers

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How to Start an Electronic Store in Nigeria

The electronic store is an important business and size depends on the amount invested. The inventory differs based on the store owner’s preferences.

A small store could cost N250, 000, while mid range ventures N1.5 million. Large stores with lots of inventory could cost over N10 M naira.

The first step is to write a comprehensive business plan, carry out a feasibility study. Then learn the trade and secure credible suppliers. You need a good location, aggressive sales personnel, and stock quality products.

Starting an Electronic Store

Types of Electronics

You have a huge selection of electronics to consider. Common household electronics found in stores are washing machines, television sets, radios. More are standing fans, electric cooker, bulbs, freezer, and refrigerators.

• washing machines
• television sets
• radios
• standing fans
• electric cooker
• bulbs
• freezer
• refrigerators

Carry out a Feasibility Study

You need to carry out a feasibility study and write an electronic store business plan. The study should focus on your business structure, funding, location, competitors.

Electronic business is very competitive with many players. To differentiate yourself you need to offer better prices, use effective marketing strategy. The product should be a popular brand.

Learn the Trade

You can’t venture into a business without learning the rudiments. You can leverage on partnership, become an intern or apprentice. Another way is to hire someone with a good knowledge of the industry.

The learning curve involves how to calculate retail prices, finding good suppliers, knowledge of the devices. Attend a seminar to gain knowledge and consult with experts in the trade. You can network with sales representatives of large store and manufacturers.

• leverage on partnership
• become an intern
• apprentice
• hire someone in the industry
• attend a seminar
• network with sales representatives

Narrow the Field

It is important you narrow the type of electronics you intend selling. You need to specialize in a niche to offer good service.

This also provides opportunity for competitive pricing, branding, and profitability. Focus on the type of electronic you have a deep knowledge. They could be house hold appliances or heavy duty equipment.

The store could stock only one type of item or different items. Offering different electronic devices could provide more revenue streams. While specializing in one item would attract conversions and sales.

Find an Ideal Location

One very important aspect of the business is finding a good location. You find electronic store within residential or commercial areas.

Stores in commercial areas face serious competition. However the huge market guarantees good revenue.

An ideal location should have huge human traffic or close to pedestrian pathways. Densely populated areas offer good business prospects for electronic store owners.

Licensing

The basic license you need is a trade license. You can register the business as a limited liability company. You need tax identification number, insurance cover for your goods.

There are some areas that demand membership of certain associations. Some areas also attract local government levies for shop owners. Finally some of your good may be subjected to value added tax.

• a trade license
• register as a limited liability company
• tax identification number
• insurance cover
• join an associations
• local government levies
• value added tax

Supplies

You need to purchase your goods from wholesalers or manufacturers. This is important to offer your customers competitive prices.

Many electronic dealers purchase the goods from China because they are cheaper than European products. However products from America and Europe are of better quality.

Personnel

It is important you hire aggressive sales personnel. They should be courteous and understand the devices they sell.  A small store can have a sales person, cashier and driver. You need to offer your patrons good customer service.

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How to Become Vulcanizer in Nigeria

The vulcanizing business is highly lucrative and easy to establish. You need low startup capital, basic knowledge of the trade, equipment, good location.

The reason why the trade is so lucrative is because of the millions of vehicles on Nigerian roads. Most vehicles are either used or second hand vehicle imported into the country.

Other reasons include bad roads, substandard tyres and poor maintenance culture. The average motorist would rather patronize a vulcanizer than change the tyres themselves.

The way the business is practiced in Nigeria looks unattractive however the earnings are huge.  Vulcanizer in a good location can make N5000 - N10, 000 daily with little overhead.

What Vulcanizing Entails

The business entails changing tyres, fixing bad ones, gauging the air pressure. They use specialized tools to inflate tyres, remove rim and patch holes. They also sell new/old tyres, tubes to customers.

How to Become a Vulcanizer

The primary way artisans become vulcanizer is through apprentice arrangement. The young men serve their principle for a year before going out on their own.

The boss teaches the apprentice the rudiments and organizes a freedom party. They provide startup equipment and funds to encourage the apprentice. Other ways to learn the trade is through trade institutions, vocational school or practical workshops.

• One the job experience
• Practical workshops
• vocational training
• Trade institutions
• Apprentice  

Vulcanizing Equipment

The basic equipment are pumping machine, tyre patches, car jack, iron bar. Others include adhesive material, spanners, sealants, tubes pliers, blades and glue. You can purchase the entire inventory with bout N50, 000 naira. You might need a generating set or power source for your pumping machine.

Equipment

• pumping machine
• tyre patches
• iron bar
• adhesive material
• spanners
• sealants
• tubes pliers
• blades
• glue
• carjack

Find a Good Location

Your primary customers are vehicle owners so most vulcanizing shops are beside the road. It is not an uncommon practice to see two old tyres suspended on a stick to signify the presence of a vulcanizer. The best locations are junctions, intersections, busy streets.

Legalities

You don’t have to incorporate the business. You might decide to take a health insurance policy and pay tax. It is mandatory to join a vulcanizing association in your area to avoid harassment and problems. There are also association fees including local government levies.

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How to invest in Real Estate in Nigeria

Are you looking for a viable investment opportunity? Then you should consider real estate business.

The business is profitable but involves huge capital investment. You gain appreciable increase in profit over duration of time.

In most countries the sector offers different opportunities dependent on the type of investment. Here are different ways to invest in real estate.

Challenges Faced in the Real Estate Sector

Despite the huge earning potential investors face many challenges. The sector involve huge amount of money. Before investing in the sector you need to carry out due diligence.

This is because of fraudulent practitioners, capital flight, litigation, false documentation. Other difficulties are property maintenance, monetary cost for perfecting titles, tenement rates. More include inflation, long period to recoup purchase value on rented property.

• Huge capital investment
• Fraudulent practitioners
• Capital flight
• Litigation
• False documentation
• High cost of property maintenance
• monetary cost for perfecting titles
• tenement rates
• inflation

By Haithem Elgasi - Own work, CC BY-SA 4.0, https://commons.wikimedia.org

Ways to Invest In Property

There are five major ways to invest in property. You can leverage on a collective investment scheme or buy to rent. Other ways involve land, building flipping and property development.

• Buy to Rent
• Property Development
• Building Flipping
• Collective investment scheme
• Land Flipping

Buy to Rent

Buy to rent involves purchasing a property and renting to tenants. The business provides regular income, however recouping your entire investment might take several years.

The investor may choose to rent commercial office space or residential. Becoming a landlord is not a get rich scheme. However you enjoy regular earnings and property appreciation.

Property Development

To invest in property development you need serious money. This type of business is capital intensive. Real estate developers fund their project through bank loans, core investors and crowdfunding.

The location of the property is very important to the profitability. Properties in prime locations attract 100% profit on investment. Make sure you carry out a cost benefit analysis before investing hard cash.

In Nigeria it is not uncommon to find association’s leveraging on collective funds for property development. Such projects are usually meant for members.

Land Flipping

You can buy a land wait a year and flip for a tidy sum. The business format is simple but effective. Property value regularly appreciates with time so purchasing prime land is wise.

Some investors purchase huge parcel of land and sell in plots. The only risk involves land owner authentication, genuine documentation. Makes sure the land is free from litigation or indigene claim.

Building Flipping

Flipping a building is profitable once you have perfected the skill. You need to find a building in a popular area carry out repairs, resell.

The purchase price should be right to accommodate cost of repair, remodeling, sale. Some buildings require simple upgrade to increase their value exponentially.

Collective Investment Scheme

Collective investment schemes pool together the resources of the collective for property investment. This is an effective strategy to own physical property or part of an investment.

An investment scheme regulated by the Security and Exchange Commission is the Real Estate Investment Trust. The REIT uses collective capital to acquire investment in the real estate sector.

This fund has professional managers and provides direct investment opportunities. Opportunities for investors include portfolio diversification, liquidity of funds. REITs are bought /sold like stocks on major exchanges.

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