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In this we’ll cover 10 best business ideas N-Power can start in their community as they continue to receive their 30, 000 Naira monthly stipend.
Note: This article first appeared on NpowerNG Solutions, a dedicated blog for Npower updates and articles titled 10 business ideas for N-Power Beneficiaries.
10 business ideas you can implement with Npower monthly stipend
To be honest with you: one can hardly achive anything with the #30,000 monthly stipend of Npower Programme, if you’re not specially gifted in financial prudence and management.
A highly business-minded person can achive something remarkable with something lesser than that.
It’s already 5 months into the programme.
It’s five months salaries down the line, even though some volunteers are yet to get any due to error in their npvn portal.
Today, we’ll be revealing to you some great ways you could make result out of the monthly stipend.
Do you know why the government prefers to call it stipend? Because it’s meant to complement your efforts , and you’re not even expected to rely heavily on it.
However, here are some of the business ideas and how to invest your npower stipend
1) Organise co-operative among trusted friends who are also volunteers in your LG or PPA
In our area here in Osun State, some npower volunteers have come together to make contributions among themselves and commit such to one of the group members on rotational bases.
This is how it operates…
The co-operative is made up of just 6 npower volunteers.
The six volunteers are those who have consistency in their monthly stipend.
They are made up of those who adequately know themselves very well in terms of trust.
Each member of the group commit #10,000 monthly to whoever has picked a particular serial number, which is selected randomly.
So each member of the group collects #60,000 monthly till it circulates through all the six members of the cooperative.
With this you know what to do with 60k at the end of the month.
You too can do the same if you got trusted people in your area who are npower volunteers, and have consistent payment.
Don’t implement this idea with someone you’ve never trusted or seen.
Think about that!
2) Recharge card printing machine
There are card printing machine that looks like POS machine. You may think the world has gone digital, YES that’s true.
But lots of nigerians still buy cards around you. Everyone doesn’t trust or believe the online airtime rechcarge .
When you buy this machine, you’re given a code/pin and you start printing and making sales. If you think sellers have polarise the business, think about reducing your own price. Two naira reduction will make you have upper hands over others.
Look around your vicinity and you’d find a filling station that sells more than Total, or any other filling station in Nigeria.
What’s is the filling station’s secret? You can use that secret to drive your competitors crazy while you make cool sales.
3) Online recharge card sales
Closely related to the number 2 point is on-line recharge card sales. There are lots of them out there.
For instance, ClubKonnect sells recharge cards on-line. And our findings shows that it is one of the cheapest in the country.
And the good thing: clubkonnect welcomes agents who are ready to buy in large sums at reduced price.
Please note that you’re not mandated to buy from any specific dealer, use your instinct.
4) Start a blog
We have lots of great writers among npower volunteers, but some of them havent really tap into their own potentials.
Blogging isn’t a profession that will fetch you dollars immediately, but if you can write original and great content, then you can monetize your blog to start earning from Google Adsense.
I’m sure you can start earning from your blog if you delve into great niche.
Are you a great writer who wants to turn it profession through blogging, NpowerNG Solutions will guide you FREE. And put you through on how to set up one FREE
This could take time, but you’d have something to fall back on after the end of Npower programme.
5) Join a reputable on-line Multi Level Marketing Company
There are more than a hundrend of MLM online, but one that has been fulfilling its promises since inception in Nigeria is Helping Hands International H2i.
Laptops, cars have been given out to members all over the country.
But a new member is expected to bring two people under him, the two people in turn are also expected to bring two people each.
It goes on and on till you climb to the stage where you are buoyantly compensated.
Find out about it by yourself, or ask us right here.
6) Palm oil business.
Buy when it’s cheaper between February to July/August and sell at great price between September-January. Ask for the price in your area.There was a time, sometimes in 2016 when a 5-litre of palm oil was selling for #4,000 and above.
7) Food stuff packaging and sales.
This will work for npower volunteers posted to schools, there markets will the teachers.
8) Learn something /Self development
Think of one thing you love, learn it. It could be a professional programme to build your CV before the end of the programme.
You can empower yourself!
9) Tutorial Class
Despite the digital stage, some people earn fine from tutorial, if the environment is suita le for it. Tutorial doesn’t work in all environment, we urge you to study your environment before you embark on this.
10) Check your environment to know the hot daily needs on inhabitants and monetize it.
If you prudently invest npower monthly stipend, you can make something tangible from the programme, at least for the time being till you’re able to secure a better job.
And if you couldn’t get better offer till the end of the programme, your investment and implemented business ideas would be something to fall back on.
If you want more explanation, or how to implement any of our suggested business ideas above ASK US!
Or do you have contribution to make to better this article, please drop your view