Business Archives - Diaspora Chronicles

#34 – Think twice B4 asking them to put down the video games

December 15, 2020Business

Since esports is still at its infancy, there are opportunities to ride the wave and make money before everything becomes extremely expensive. For example the Chicago Bulls were purchased for $16.2 million in 1985, today the team is worth $3.2 billion. Now many of us don’t have millions in the bank to buy a sports team, as a result, we performed some brainstorming and reviewed a recent Trends article to develop five lower capital opportunities to make money in the esports industry.

#33 – Commercializing Roller Skating in Nigeria

December 8, 2020Business

There is an opportunity to better commercialize roller skating as a leisure activity in the Nigeria. An outdoor roller rink will serve as an establishment for teenagers and the youth to hang out with friends, race around the rink, listening to music and munching on their favorite food. Factors that further reinforce this opportunity include the predictable weather in Nigeria, minimal competition in this space, lack of good roads to support roller skating, and the continuous curiosity to engage in activities popular in the Western world.

#30 – New Service for African Businesses

November 10, 2020Business

We need a cost efficient service where a business owner can mail their products to a professional photographer, who can take pictures of the products with models in a professional studio and then email the final pictures to the business owner at a reasonable price.

#29 – New College Business to Create Jobs

November 4, 2020Business, Career

A Nigerian University like UNILAG (University of Lagos) can implement a similar program, let’s call it “Unilag Ventures”, where high performing first year students can apply to start a business under Unilag Ventures with startup funding from the University as well as corporate sponsors. A Board should be created for Unilag Ventures, which will constitute of faculty members, Corporate Executives and also Government representatives. In addition, faculty and corporate mentors will be assigned to the students to help guide them through their operations. Having this Board and mentors will give students access to high profile individuals, who can help with job placement post-graduation, help provide corporate donations and also government investment in the Unilag Ventures program.

#28 – 7 Strategies to Support your Business

October 13, 2020Business

Don’t mine for gold, sell shovels....... During the gold rush of the 1850’s, the people who became wealthy were the entrepreneurs selling the supplies needed to extract gold, not the people digging for gold. In today’s world, look at what is trending e.g. there is a significant increase in the purchase of plants during the COVID pandemic, instead of trying to sell plants too, look for products that support plants for example start selling soil. Also, there has been a significant spike in the sales of bicycles due to the pandemic, consider starting a bike winter storage unit business.

#27 – The Need for African Images in Business

October 7, 2020Business

One of the biggest challenges African businesses and content writers face is the lack of stock images available for African content. For example, an African spices business needs a picture of an African mother cooking, however, it is difficult to find a quality stock image to purchase. A month ago, we wrote an article on Uber drivers in Africa, similarly, we were unable to find a stock image of an African Uber driver, so we had to use an American driver, which didn’t have the same authentic feel to drive our story.

#26 – African Food Start-Up Journey

September 30, 2020Business

Funmi explains that there are lots of activities going on with the business, in the short term, she is working on getting into retail stores in the United States. She is excited and will be making some announcements in the near future regarding physical retail stores. In addition, she is extending the product into other geographic locations due to inquiries from potential customers outside the U.S.

#25 – Hotels.com for Banquet Halls

September 22, 2020Business

Eventhalls.com is an online website where customers can view the availability of banquet halls/event spaces to make a reservation for their party event. The website will display the calendar of the banquet halls, making it easy for potential customers to browse through the different locations, view pictures, check their available dates and make a reservation. Think of hotels.com for banquet halls.

#24 – Social Media Live Shopping Network

September 15, 2020Business

Start a marketing agency that produces 30-minute Instagram or YouTube Live sessions where celebrities and influencers can market products for small businesses. Each influencer determines the price the business owner pays in which the marketing agency collects a 25% commission fee.

#23 – New Business: Create an Uber Driver Community

September 8, 2020Business

New business idea: RideShareNaija.com is a Nigerian-based online platform that serves as a resource to improve Uber drivers' finances and ride sharing experience. The platform provides drivers with lessons learned on maximizing revenue, addressing taxes, insurance requirements, and navigating the tough terrain of being a ride sharing driver.......the business can later expand into providing online courses, training drivers on how to make additional income; a weekly podcast that brings guests like drivers and executives at Uber and Bolt to share their thoughts on current events in the industry.