How can I grow my small business in Nigeria?

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How can I grow my small business in Nigeria? I just set up a business but hoping to get tips that would help me grow this business to a reasonable height.
I learned that most business collapse with just 6 months, what can i do differently?

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Chybaby 4 months 4 Answers 86 views 0

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    Make use of social media. Its a way of publicizing ur business.

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    The best way to grow your business  in Nigeria is to do one on one marketing or door to door marketing. Nigeria is still struggling on the area of internet and network marketing. Secondly make sure your products are sound, original and also affordable.

    If you product or service is really great, your first few customers will recommend it to other.

    If you think hard and deep you will remember that the last product you bought or the last movie you saw was actually recommended by someone.

    It is called word-of-mouth advertising, sometimes it is better bill board advertising.

    These are some of the basic business principles that would help you grow your small business in Nigeria.

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    You grow your small business in Nigeria by
    1. Investing in your business
    2. Gaining customers trust by providing quality goods and services not fake/inferior.
    Fake or inferior product will drive away your customers.

    3. Promoting your business either by social media, door to door marketing or any way you feel its better.

    4. By having unique and innovative ideas…trying to make them better than other competitors. You must always improve your product and services, otherwise, your competitors will push you out. Imagine buying nokia 3310 today.

    5.extend your markets.

    6. Penetrate existing markets and know their wrongs so you wont make same mistakes.

    6. Focus on the need of the people in the area of your business don’t just do any kind of business, knows the need of the people. It would be wrong to open a gold shop in rural areas, the people may not have the money to patronize your business.

    If you apply this principles you can easily grow a small business in Nigeria.

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    Businesses in Nigeria has always faced a major setback as the result of the ineffective government policies and lack of raw material for manufacturing industries.

    Also, no knowledge of business ventures by entrepreneurs, however, with the current improvement of businesses in the world Nigeria has seen a high growth in business ventures.

    To grow a small business in Nigeria you must first

    1) Ascertain that your business is actually profit worthy.

    2) You will need adequate information about the business.

    3) Draw up a business plan before you start.

    4) Plan for yourself and work out modalities on how you wish to achieve your aim.

    5) Locate your target market.

    6) Discipline is a vital tool. You must never spend your capital.

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