Air Conditioning Rental Business. Promote your real estate business with content like blogs, videos, or podcasts geared to a particular neighborhood, market niche or audience. It is only after you are established and have started making a good profit that you should consider taking it up as a full time job. google_ad_client = "ca-pub-9755093768544960"; Rental Business In Nigeria by Projectors(m): 2:20pm On Mar 14, 2013; Watch out!!! Many people start party businesses out of the home and may simply rent equipment. Why do you need to choose a niche? Keeping in mind that this price is for those paying cash. Once you are an established name in the party rental business, you can further expand your business by offering other party-related services such as special photography, organising a wedding event, or planning a church social. In this post, I will show you the 9 Steps to Start a Rental Business in Nigeria. Besides, some people need a quick time job, so they make use of this opportunity and do their jobs and make their gains. Finally, this is important after fulfilling all the necessary i.e. Read Also: 10 Steps to Start Party Rental Bushiness in Nigeria. Going into more than one or two of these could lead your customers to confusion and increase work load for you. For example, a wedding gown; no one does a wedding twice. People will always want to make their hair. You have to select a particular area and focus on it. Here is a List of 42 Profitable Small Business Ideas in Nigeria 1. Recommended Hot Business Ideas For Beginners 1. However to succeed in the business there are major steps you will need to follow and these include the following: Investigate whether a party rental business is suitable for the area in which you live and intend to operate your business. So as a young entrepreneur looking for a small scale business to invest in, rental business is that profitable enterprise to consider. If you are not yet sure of what niche to delve into, you can reach out to me through the comments section. Table and chair rental services also afford you to run the business at very low cost. Many people at the beginning of a business when they seem to be making great and abnormal profits in a month, they feel everything is going well and will continue that way, and then they start making unnecessary expenses and purchases. Just go to a party on any Saturday and you’ll see just how much poultry meat is consumed in these parties every week. That is why you have to take note of how much you spent in starting up the business, so you can weigh it side by side with your income. More info. Just as mentioned above, there are many categorises or departments of the rental business. There are small business ideas & investment opportunities in Nigeria and here is an in-depth analysis of the top 50 best small business ideas in Nigeria. Read more… Terms of Use. In Nigeria, the restaurant business have always been on the rise. There are various costs involved in maintaining most of these properties if you purchase them. Being a real estate agent is one of the few business models in which working from home is not really an option. Decide how much you plan to charge for table and chair rentals and whether or not you’ll set minimum and maximum quantities for rentals. You would not bother about maintenance cost. They are: See Also: 25+ Lucrative Mining Business Ideas And Opportunities in Nigeria . All rights reserved. However, there are a few things you need to keep in mind. The author may or may not have a financial interest in any company or advertiser referenced. 35 Profitable Rental Business Ideas. It serves as a supplement or a booster to your income. Passive income means that the business continues to generate income for the business owner with no other capital input after the initial capital. In all these, they all need chairs, tables and canopies. Many people are doing well these days by … Besides the chairs and tables, you can also offer other services like supplying of ice and drinks. It is one business that generates steady passive income. It is a business that can get one connected. The great thing about the party rental business is that you can run it as a home-based business. You can definitely get help from other family members who are mature enough to deal with clients, however. Photo/Video Equipment Rental: The cost of getting a new digital camera is outrageously high but you can get a camera for rent at a low price. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader. Required fields are marked *. The business ideas I feature in this article take these important factors into consideration and they work perfectly for full-time employees. ALSO READ Guide on How to start a … With good advertisement, you can reach a wider range of customers. Besides the chairs and tables, you can also offer other services like supplying of ice and drinks. In fact, most people start this business from home. Read Also: How To Start Event Management Business In Nigeria. Read Also: How to Start Musical Instrument Rental Business in Nigeria, 6. Weddings always occur on Saturdays and Sundays or other programs or conference meetings. • Why people must rent • 7 reasons why rental business is the most profitable. You can start a table and chair rental business and offer your services to local event planners. In this post, I will show you the 9 Steps to Start a Rental Business in Nigeria. 4 Key Steps to Adding an E-commerce Dimension to Your Business, Email Marketing in Nigeria: 13 Methods to Build Email List for Marketing Purposes in Nigeria, Infinix Smart 4 Price in Nigeria; Full Specs, Design, Review, Buying Guide And Where To Buy, INEC Recruitment 2021: Application Form Portal, Requirements and Guide, How to Share Data On MTN 2021 using USSD or SMS Text Message, 15+ Glo night plans subscription codes and benefits, 40+ 9mobile data plans and their subscription codes, Infinix S5 Lite Price in Nigeria; Full Specs, Design, Review, Buying Guide And Where To Buy. This will give you the option to become an event planner later during your business career. After which you will need to raise capital and get the location (which can be your house in this case) needed to start up the business. The gathering of people for different reasons or purpose is known as a “Party” or “Socializing”. Going into a rental business may not be a bad idea as people organize ceremonies every now and then. How Much Does it Cost to Start a Poultry Farm in Nigeria? Other items you can rent along side your rental business include: Table and chair, catering equipment, video camera, mobile toilet, generator, wedding gown. Farmers in Nigeria is showing a lot of interest in a more mechanized form of farming. RENTAL BUSINESS: This has mushroomed into an attractive new business opportunity. Your email address will not be published. If you are able to follow all these guidelines, diligently, I assure you, you will be successful in this business. The following are some of the quick business ideas in Nigeria; (You can click on any of them that we have written about before to learn more) Business Ideas You Can Consider in Nigeria are; Poultry farming business; Cassava planting and processing business; Transportation business; Importing and selling used clothes; Cattle farming business However, having an established location out of the house can also be beneficial because it provides a location for families to have a birthday celebration, hence you can partner with an established event centre. Most people don’t throw out parties all that frequently. Your email address will not be published. Combine real estate business ideas • How to start rental business without using your … It is also important for you to compare notes with other competitors around you. It would be bad for business if you do not do a proper feasibility study. People like to borrow, do-it-yourself rent professional equipment. All this are very tiring in the long run. Are you thinking of starting a party rental business but don’t know how to go about it? Because you only pay the rental fee and that’s all. Back to top. In this post you will see the 10 Steps to Start Party Rental Bushiness in Nigeria. Business: Musical Equipment Rental. Either to attend a wedding, Business proposal or just to impress people. Every business that does not have a business plan would surely face some challenges which cannot be curtailed, every business has its plan, how to run it, how to make profits, cost of start up and future projections for the business. Event planners have to secure for enough tables and chairs to accommodate the number of guests being invited for the occasion. It may interest you to know that despite the hard times, the economic situation of a country, people still find ways to host occasions. CTRL + SPACE for auto-complete. 4 bedroom semi-detached house for lease in banana island lagos nigeria. Vehicle rentals exist because there’s a real, constant and stable need for them. Agriculture: This is the upcoming revolutionary sector in Nigeria where they’re now being made. You can purchase a brand new unit for about 500,000 naira - 800,000 naira. Also market your business in areas where children are likely to be found. etc, BUSINESSINFOFINDER.com is your business news information website. One thing to note is that the business is not an overnight millionaire business or a get rich quick scheme. Chairs and tables rentals are an essential aspect of the party or social gathering. Online Advertising Agency. 4. Take into account every of your cost when figuring out the rates you will charge. Most businesses have actually doubled their monthly income within the first five years of their establishment. What are the consequences of copyright infringement? Here we publish several helpful articles in various categories, such as how-to articles, where to find things, resources, business, interviews and reviews. Party supplies rental. Advertising both offline and online bring the needed traffic to your business. If timeless searching for job tires you, try to find an additional source of income during your maternity leave or need to work from home, we are glad to inform you that our post is written exactly for you. Since you are already a reputable party rental company, you will not have much difficulty finding clients to ask you to manage their event for them. Because many people do celebrate, organize and host functions ranging from conferences, meetings, burials, wedding receptions, naming ceremonies etc. You can rent from halls to canopies to sound system and there are lots of business ideas related parties. As I said earlier, all the business ideas in Nigeria today that I will list below are not new. there are others ways of advertising like; distributing of hand-bill, placing of banner in a strategic area for people to see, radio announcement. We provide business ideas for brilliant minds, © 2018 Businessinfofinder.com. In fact, big rental companies could make millions every month. Read Also: How To Start Event Planning In Nigeria, Hall Rental: This niche is very lucrative because especially during weekends, you are sure of someone renting your hall. For example, you are recommended to have a second phone line, as this will make things much easier for you to work with. This Business can also be run from the comfort of your home and it does not affect your main job in any way if you have another job. Just like all of the businesses, Rental Business is a good and viable business which can be done in Nigeria on a small, medium and large scale. You can purchase or lease garage space or a store-front to hold the tables and chairs you purchase. google_ad_width = 300; Select where to purchase your start up materials. Let’s not even talk about the ones we consume in our homes, in restaurants and eateries. The start-up budget to establish a party rental business will depend upon the type of rental services you are offering. This should be contained in your business plan for the business. It is necessary that you make basic plans before starting any business. Now ask yourself, why do people rent things like, cars, halls, tables, chairs etc? This is really important when starting a business. That's not an option! This has a lot to do with the fact that Nigerians love meat a lot especially Poultry. The following paragraphs will enlighten you about the things you need to do when starting a party equipment rental service in Nigeria. Home business ideas are NOT always low-cost ideas. 1. Car Rental Business; Cars all over the world isn’t a luxury but a necessity. Like buying a car for #3.5million, every two days you buy fuel worth of #5,000, you change the tires if any is faulty; you call a mechanic if the engine develops a problem. Do you know there are massive wealth in rental business? Follow the corresponding links to get further details about any suggested business idea on this list. Anywhere you go in Nigeria, there is always one celebration or occasion going on and in a largely populated country like Nigeria, one can only imagine the profit that can be made from doing a rental service business. Because there is nothing new under the sun today, therefore you should be thinking on how to innovate new idea of marketing or improving on the existing business. If you plan everything well, doing things like this will keep your overheads low and your profits high. You have to determine how to move the goods and services from one place to another. Though if some people may not draw up a business plan, you should know that having a fixed rental fee, is essential as it helps you make a future projection of how to get your money back and plan ahead. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of anyone else. Here, we will cover the feasibility study of rental business in Nigeria, steps and tools needed to get started. Be it birthday party, graduation, award ceremony, engagement to wedding ceremonies, meetings, conferences, family reunions among others. Come join me as I grow this event rental business from a small baby business to something real! Network with other business professionals in the community and also take out advertisements in the newspaper or other publications that may be read by clients Distribute your business cards to other business owners, friends and other acquaintances. Are you ready to ask yourself question on how to improve on existing business? The TVS, Paggio and Bajaj are some of the most popular Keke brands in Nigeria. Try to get your start up materials at the best rate. 1 Doxa Digital. Hi,am into RENTAL AND SERVICES .i.e we construct it to your taste with different sizes and shapes.RENTALS is very very profitable because you make money every week,every day and every month.To be sincere with you all those rich-men also involve in this very business.For further in information you can call me on 08034129119 or mail me at sirkay.sirkay@yahoo.com. Rental event service is a great business to partake in as it is very lucrative if well managed and properly done. Filed in Business Idea, Business in Nigeria, Business Plan, Business Research, How to Grow Business, Top Ideas, WorkfromHome by BusinessHAB on August 7, 2020 • 0 Comments 22 Tips to Run a Successful Online Hair Extension Shop in Nigeria It will also help you if you want to secure a loan as the bank or lender will need it to evaluate your business. It may be called something else in other part of the world. For the business you ready to ask yourself, why do people things. Full-Time employees below are not always low-cost ideas as you want the chairs with padding or not their establishment ’! Basic plans before starting any business your rental business will depend upon type! Needed traffic to your business these important factors into consideration and they work perfectly for full-time.... Any action taken as a result of information, analysis, or advertisement on site! Rental event service is a business that can start a restaurant business over the world lucrative business one... 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