Online forums are becoming more and more popular in Nigeria especially with the success of Nairaland. Nairaland.com has been around since 2003 and has grown to become the hottest web destination for topical and societal issues that concern everyone.

With almost 400,000 members, Nairaland is competing with Facebook’s Nigerian user base which is currently about 500, 000.

But some of these online forums have not been able to manage their communities with an Online Reputation Management (ORM) system; or have not built their community around social media tools and Web 2.0 technologies. In fact, I rarely use them, except perhaps for NigeriaVillageSquare.com

Personally, I find most of these online forums, especially the ones built under the vBulletin and SMF softwares that don’t have social media functions, sub-standard compared to what online forums around the world have become as a result of the social media revolution.

Generally, an online forum that wants to adopt web 2.0 tools and technologies should critically access and determine the web needs of its target audience. For example, if the target audience are people who just come around to find the latest gist, but hardly spend time on the site, then you may not need to bother about Web 2.0.

On the other hand, if your audience are web-savvy (i.e. they understand what it means to interact, discuss and network within an online forum), then you should critically consider investing some time and money in Web 2.0 tools and technologies for your site.

Below are 7 tips on how to turn your online forum into a social media community.

Adopt a Social Networking Approach

Social Networking is simply the major buzzword. Every Web 2.0 site on the web space seems to be adopting a social networking angle to their business. When your forum members can interact and network with other members and building networks through such relationships.

Allow Users Create Blogs

Blogs are more likely to get people’s attention, since they display information in a more organized way. Thus, for an online forum, users can write blogs on any topic and could be used to publish jobs, announcements, news, events, etc.

Use Social Media Applications

Social media sites such as Digg, Sturvs, Delicious, Muti, Technorati, Facebook, Twitter, etc are very useful Web 2.0 tools that could be integrated into online forums. Thus, content could move around the web space faster and easier when these tools are used effectively.

Create a Facebook/Twitter Page

Facebook is a great tool to build your online forum’s reputation and attract more fans and visits. A Twitter account will also do the magic.

RSS Feeds

Feeds have become a very popular Web 2.0 application that syndicates information into a reader for easy access. It is gradually replacing the email newsletters and can be accessed through Google Reader amongst others. Thus, an integration of post feeds and comments feeds will be a good fit.

Mobile Alerts

These days, you can do virtually everything with mobile phones. An online forum that applies mobile 2.0 applications to inform users of the hottest news and announcements will be a hit.

Create a Rating System

To build successful online forums or communities that promote high-value conversations, there should be a post and comment rating system that rewards quality contributions to the community. Users’ comments can be rated to encourage meaningful conversations in the community.

Final thoughts

I personally think that if these tips are applied in Nigerian online forums, there’ll be more meaningful participation, online collaboration and community engagement. Besides, it will encourage companies that want to target the online forum’s audience to advertise their products and brand.

Photo via: ApolloMediaBlog

It didn’t come as a surprise to me that Zenith Bank Plc has adopted social media tools for communication, since the bank has been known for their leadership status in the deployment of Information and Communications Technology.

Last year, Zenith Bank emerged, for the sixth time, the best overall winner of the 2008 edition of the Web Jurist Award conducted by Phillips Consulting. The Award which rates bank websites in Nigeria based on clear-cut criteria including; Content, Performance, Functionality, Technicality, Aesthetics, and E-financial services was instituted in 2001 and has ever since, been won by Zenith Bank in 2001, 2002, 2004, 2005 and 2006 in addition to the latest edition.

Zenith Bank  has become the first bank in Nigeria to adopt Twitter as a tool for online communication. Their Twitter page looks new with only 10 updates since June 25, but has already attracted 114 followers and following 760, as at the time of writing this post.

Most of the tweets to date have simply directed users to their website pages as well as news around the bank from online newspapers and some great business and success quotes from world renowned achievers. Perhaps, they’ll soon be adding updates about their products and services, but I’m wondering if they would use the Twitter page to interact with their customers and answer their questions.

My guess is that Zenith Bank has developed a social media policy and strategy before venturing into twittering.  If not, then, they’ll need one. But, I’m not sure if a Zenith Bank employee has been doing the twittering, as it may as well be someone who admires Zenith Bank and decides to write updates about the bank. Besides, Zenith Bank has not officially announced they have a Twitter page on their website.

Whatever the case, I think it will help Zenith Bank to reinforce its brand on the web and better position it as one of the foremost banks in Nigeria that has embraced the social web. It’ll be interesting to see more banks and companies in Nigeria get involved with social media channels to interact with their customers.

Read my post on top 5 ways companies can use Twitter for their business.

You’ve probably heard this several times, but I’m going to say it again:

If you are considering setting up a business, you need to develop a business plan.

But, I’m going to add this (so quote me if you like):

It is not a must to write up a business plan when you’re starting up. The most important thing is to have an idea and a vision from the start.

After you have launched your business startup with some seed capital (either from your job salary, personal savings or from friends and family), you can start developing a business plan in order to seek funding or sponsorship from angel investors or venture capital firms, as the case may be.

If you don’t know how to develop a business plan, perhaps this article will help you in planning your business from startup to stardom.

Here are 7 strategic steps to developing a winning business plan.

1. Research

You need to understand the various sections required in a business plan, the purpose of the various sections, as well as the objectives of the plan. These sections will include: Executive Summary, Mission, Strategy, Market Pain & Solutions, Market Opportunities, Management Team, Boards and Advisors, Achievements & Assets, Customers and/or Partners, Competition, Technology & IP, Business Model, Financial Projections, Fund Raising, and other information.

2. Decide

As much as the ‘idea’ of your business startup is important, the operational and logistical requirements are equally critical. You need to know how to choose the right partner(s), decide who will make up your board of directors and advisors, as well as whether you will operate as sole-owner, partnership or limited company.

Before you decide, you can get the help of a local accountant, business consultant or lawyer. Equally, issues such as VAT obligations, trade marks, employment contracts, etc should be well explained and understood.

3. Define

Before developing a business plan, clearly define the benefits of your business startup to consumers, users, clients, etc. Define your business model, solution strategy, marketing strategy and market competition.

4. Manage

Even if you’re not good with figures, you should strive to have a good understanding of ‘the numbers’ that will impact your business. Here are a few of them: Start-up Costs, Break-even point, Cash flow analysis & forecast for 1 – 3 years, Funding requirements and Balance sheet reports. Your accountant or business consultant should be able to help you with these things.

5. Obtain

Here, you need to obtain industry analysis of other business startups or companies that are into your kind of business or offering your type of service. You need to undertake a detailed market research to help you understand your target market.

6. Search

I’ll assume you know what SEO means (i.e. Search Engine Optimization) and how it plays a huge role in your business startup visibility on the web. So before choosing a URL or domain/startup name, find out the terms and keywords related to your business or service that are most heavily searched on the Internet. Simply go to: http://www.google.com/keywords and look for terms that relate to your business. Trust me, it will help you to identify your competitors.

7. Assess

It is always difficult to predict the level of demand for your products or services. However, it is recommended to use conservative estimates (or assumptions) on likely demand and to use proxies where data is hard to come by.

Instead of claiming that there are no comparative figures available, you should use proxies to determine demand estimates even when the idea is innovative or unique. For example, if your site’s user base eventually becomes lower than you predicted at the beginning of your venture, you may fail to generate enough revenue to cover the large cost base that you’ve incurred.

My hope is that you’ve benefited from this article. In the future, I’ll be sharing tips on how to write a winning business plan.

Photo via flickr by ksgirl

A few years ago, an ex-Minister of the Federal Capital Territory (FCT) Abuja, said

…the Nigerian government has worked out to invest 600 million US dollars (about 100 billion Naira) to establish the Abuja Technology Village modelled after the United States Silicon Valley…the hi-tech village would cover an area of 650 hectares near Lugbe on Airport Road… [and] the government would provide a seed fund amounting to 5 billion naira (about 38 million dollars) for the provision of infrastructure in the village.

This raises several questions:

Could this mean that Nigeria was really planning to build her own Silicon Valley on a 650 hectare land, located in a suburb of Nigeria’s Capital City, Abuja?

Could 100 Billion Naira be used to create a Silicon Valley in Nigeria? What are the factors to consider before creating a Silicon Valley in Nigeria? What the heck is Silicon Valley?

What Silicon Valley Is

Silicon Valley has been described as “a special habitat for innovation and entrepreneurship, consisting of dense, flexible networks and relationships among entrepreneurs, investors, university researchers, consultants, skilled employees… connecting people to ideas.”

Simply put, Silicon Valley is a Startup Hub, where business and technology startups and companies as well as Venture Capital firms are located with easy access to research centre, consultants, entrepreneurs and skilled employees.

What Silicon Valley Is Not

Silicon Valley is not a technology village made up of state-of-the-art infrastructure built on a massive hectare of land located in a suburb of a capital city. That’s not how Silicon Valley in the United States happened. Silicon Valley was created, not built.

According to Paul Graham,

The organic way to [create Silicon Valley] is to establish a first-rate university in a place where rich people want to live. That’s how Silicon Valley happened. [Note: parentheses added]

He continues:

For the price of a football stadium, any town that was decent to live in could make itself one of the biggest startup hubs in the world. What’s more, it wouldn’t take very long. You could probably do it in five years during the term of one mayor (or governor).

And it would get easier over time, because the more startups you had in town, the less it would take to get new ones to move there. By the time you had a thousand startups in town…they’d be opening local offices. Then you’d really be in good shape. You’d have started a self-sustaining chain reaction like the one that drives the Valley.

…The exciting thing is, all you need are the people. If you could attract a critical mass of nerds and investors to live somewhere, you could reproduce Silicon Valley.

Read more on How to Create a Silicon Valley by Paul Graham

What’s More?

According to an article written by Andrew Isaacs, Executive Director, Management of Technology Program, University of California, Berkeley,

In Silicon Valley, there were many contributing factors: A) gradual development of the Venture Capital industry, B) gradual improvement in local universities, C) gradual influx of technically strong labor, D) gradual growth in government investment in R&D.

Given all of these, could 100 Billion Naira be used to create a Silicon Valley in Nigeria? I doubt.

According to Chief Leo Stan Ekeh, Chairman/CEO of Zinox Technologies, one of the key factors for economic growth is a huge investment in Information and Communications Technology (ICT) in order to adopt a “Knowledge Economy”.

He suggests that a minimum investment of 150 Billion Naira to provide subsidised computers and free Internet access to all Nigerians would encourage skills acquisition and make Nigeria become a great outsourcing centre just like India.

I tend to agree with Leo and here are my own suggestions on how to create a “technology” Startup Hub in Nigeria.

5 Key Factors to Consider When Creating a Startup Hub in Nigeria

1. Power & Infrastructure

By that, I don’t mean power supply through generators. I mean through electric power or solar energy. However, with the current target of 6000 Megawatts by December 2009, the Power Holding Company of Nigeria (PHCN) is not the way to go. If we go by these targets, we’ll probably be waiting for the next 50 years.

Therefore, any city that wants to create a startup hub should consider investing in alternative sources of energy such as solar power. It would require a huge investment of capital, but on the long run, the economic benefits will be realised.

2. Venture Capital Industry

A Venture Capital industry should be made up of incubators, angel investors, as well as high net-worth or wealthy individuals who are interested in startups and can provide funding for a stake in these startups. Also, huge technology companies could play a major role in the development of the venture capital industry.

Venture Capital firms will need to have a physical presence in the potential startup hub, in order to encourage entrepreneurs to move to such cities to develop their businesses further.

3. Universities

Any city that wants to create a startup hub must have a University or Universities that focus on Science & Technology, Research & Development, and Business Entrepreneurship with adequate infrastructure and a renowned academia.

Existing local Universities and Business Schools will have to integrate course modules in graphic arts & design, software development and web & mobile applications development, amongst others, in order to attract the kind of people that would drive a startup hub.

4. Knowledge Economy

Here’s where Leo’s suggestion holds true. A “Knowledge Economy” will naturally give birth to a new generation of technology-savvy entrepreneurs with a rare business culture – one that can only be found in Silicon Valley.

More so, Nigerians living in the Diaspora (UK, US, Canada, and other parts of the world), will need to return home to contribute to this development of a ‘knowledge economy’, especially with their skills and expertise. That way, we’ll have been able to reverse the ‘brain drain’.

Additionally, ICT and telecoms companies will have to engage student entrepreneurs with competitions that could set them up to starting their own companies, even from their University hostels. Remember, Mark Zuckerberg started Facebook while in college. Today, Facebook is worth about $3.7 billion.

5. Research & Development

There should be continued investment in research and development as it relates to the latest technology innovations that would support the growth of the Startup industry.

Here, the state or federal governments could take the initiative and set up fully equipped Institutes for Technology, Research and Development in strategic cities where startups could be located.

My final thoughts

Today, Internet companies such as Google have become one of the largest employers of labour in the U.S and have generated huge chunks of revenue that has successfully driven the U.S economy.

For example, Google’s revenue for 2008 stood at $4.22 billion, after subtracting commissions paid to its ad partners, despite the ugly economic recession. The Internet search giant was named the best company to work for in 2008, according to Fortune. Google is indeed a Goliath Startup!

Early this week, UK Prime Minister, Gordon Brown announced that the government would invest £150m in high growth technology businesses. The UK Innovation Investment Fund will then focus on growing small businesses, start-ups and spin-outs in the digital, life sciences, clean tech and advanced manufacturing sectors.

The questions are:

Should Nigeria keep looking up to these economies for support? Shouldn’t Nigeria develop its own economy like that of these countries? Can Nigeria become one of the top 20 economies in the world by the year 2020?

Here’s my proposition:

If great attention is focused on developing Nigeria’s “Knowledge Economy” over the next 5 years, it would greatly impact on the development of Startup Hubs and the overall economy in the country.

If this is achieved within the next 5 years, we’ll be seeing the emergence of prototype companies like Google, Yahoo! and eBay after 10 years or so. The process will be “gradual”, as it were, and may take up to 20 years to actually replicate the success of the Silicon Valley in San Francisco, California.

Photo via flickr by roy.luck

According to UK’s largest business start-up community, Startup.co.uk

UK Prime Minister, Gordon Brown announced earlier this week that the government would invest £150m in high growth technology businesses. The UK Innovation Investment Fund will focus on growing small businesses, start-ups and spin-outs in the digital, life sciences, clean tech and advanced manufacturing sectors.

The investment total will be matched by the private sector, and according to the government, this could lead to enough private investment to build a £1bn fund over the next decade.

“This fund will help build Britain’s future by investing in key sectors,” said Gordon Brown.
“It will provide crucial support for our most promising start-ups and existing small companies just when they need it most. Venture capital finance is the lifeblood of innovation and crucial to ensuring the commercialisation of the discoveries coming out of our research base.”

According to government figures there are 1,093 venture capital backed tech companies in the UK employing more than 40,000 highly skilled workers.

Business secretary Lord Mandelson said the government had identified access to venture capital as one of the ‘critical factors’ in developing innovative UK ventures.

He added: “The [fund] will be a shot in the arm for the British venture capital industry. It is also a challenge to UK VCs to follow the government’s lead in backing British entrepreneurs in building exciting new companies, investing in new technologies and creating new jobs.”

Via: Startups.co.uk

Starting an online business has become very cheap and easy. If managed well, online businesses can generate multiple streams of income.

Today, I am sharing 50 free money-making online business ideas that are worth exploring in Nigeria. Most of these ideas have grown to become successful businesses around the world, and some have been bought by huge companies such as Google, Yahoo and Microsoft.

I’ll be adding more ideas in the future. But the trick is that you can actually start any online business in any niche of your choice. All you need to do is learn how to market your business and how to make that money.

If you need advice, send me an email via buzz {at} loyokezie.com

50 Free Online Business Ideas to Make Money

1. Photo sharing

Photo sharing sites allow users to upload photos and share them with an online community. Don’t just be Flickr fans. Start one. Users can share photos of places visited, event pictures, nature photos, etc in Nigeria.

2. Video sharing

Video sharing sites allow users to upload music and music videos, and share them with an online community. Don’t just be Youtube fans. Start one. With a video sharing site, we can watch episodes of soap operas, TV programs, Nollywood movies, etc

3. Dating

Dating sites in Nigeria are not bad at all. But how about adopting a different approach to the dating game? I like the concept of www.Alarena.com, a match-making site for Africans. I also like the concept of www.PlentyOfFish.com where you don’t have to pay to join.

4. Auction

There are only a few auction sites in Nigeria and they are not doing badly. If you are thinking of an auction site that will sell in Nigeria, why not consider an auction start-up that auctions jewelleries real-time. I’ll recommend a site like www.Bidz.com

5. Web Office Applications

Can you launch a start-up that can compete with the Microsoft desktop software? According to Paul Graham, this is a rich market, considering the huge sums of money Microsoft makes from it.

He also thinks that “a start-up that takes on such a project will be helped along by Microsoft itself, who between their increasingly bureaucratic culture and their desire to protect existing desktop revenues will probably do a bad job of building web-based Office variants themselves.

He further advises that before you try to start a start-up doing this, you should be prepared to explain why existing web-based Office alternatives haven’t taken the world by storm, and how you’re going to beat that. A Nigerian site www.Nigeria.ms seems to have an idea of a site for web desktop & office apps.

6. Online Learning

Nigerian schools don’t seem to have the best to offer our youths. Candidates who sit for WAEC, NECO and JAMB exams fail because of a failed education system, where the learning environment is not conducive.

Perhaps, youths can enjoy learning online if there are sites that help them go through revisions and prepare for tests. A site like www.InstantRevision.com is good example. Another idea could be to design online games that would help children improve their learning abilities and thinking faculties.

I also like the idea behind www.NaijaLingo.com – an online dictionary of Nigerian Pidgin English words. Can there be Naijapedia just like Afropedia that offers a free online encyclopaedia and social networking where users can all contribute information and enjoy the learning experience?

7. Search. Search. Search.

We all search everyday on the Internet. Do you Yahoo? or Are you a Googling? Yes, Google is the King of Search, but there’s probably something that Google hasn’t done with search that we can still do. Paul Graham thinks that Google’s biggest weakness is that “they have no sense of design” with their search pages, as they tend to keep things sparse. But if there were a kind of search that depended a lot on design, a start-up might actually be able to beat Google at search.

8. Online Payment Platform

Have you noticed that Nigeria is not listed as a PayPal member country? That’s sad! Ok, I know what the world says about Nigeria and scam, blah blah blah. Isn’t that enough reason to develop efficient online payment systems that could cater for the African market and beyond? I like what InterSwitch, eTranzact, and ChamsSwitch are doing, but their cards should be Europay, MasterCard, Visa (EMV) compliant.

9. Online Shopping Portal

Another untapped market, although there are a few online shopping sites in Nigeria such as www.BuyRight.biz, www.Tokunbo.com and www.Flegz.com amongst others. There are also sites where you can recharge your call credits such as www.PrepaidNigeria.com and www.RechargeNigeria.com Most of these sites are on the Interswitch network.

10. Portfolio Valuation

These days, Nigerians are becoming more aware of the benefits of investing in shares, stocks, bonds, etc. in the Nigerian Stock Exchange. If you are a stock market broker, expert, enthusiast, or novice like me, you could consider a start-up that evaluates the portfolios of investors (i.e. that monitors the value of people’s investments on the NSE). A good example is www.InvestorDelight.com

11. Web Hosting

Perhaps a saturated market in Nigeria, there is already a handful of web hosting sites offering web hosting packages, web design and web domain name registration services. Some good examples are NairaHost and Web4Africa.

12. Blogging Platforms

Blogging has been very successful with the help of blog platforms such as Wordpress, Blogger (Blogspot), and Typepad amongst others. In fact, this blog is hosted under Wordpress.

However, we need Nigerian blogging platforms that offer local content, design/theme and settings. I like www.BunduBlog.com, an African-owned blogging platform that echoes the voices of Africans to the world.

13. Blog Themes/Templates Design

We know we have so many design & graphics experts in Nigeria that should hone their skills more on today’s new web space. We need blog templates and theme designers out of Nigeria and Africa that offer and market their own designs based on local backgrounds and concept to the world. Thus, a start-up site that showcases blog templates/themes and allow users to download for a fee could be a hit.

14. Consumer Reviews

Of course you have used a product or service in Nigeria that you didn’t like. And you cursed and cursed but nobody listened to you. Here’s a chance to provide consumers/users the opportunity to share their opinions and experiences about a product or service.

15. Public Complaints

Maybe you have a public complain to make concerning a justice system gone bad, or a corrupt police force, or even a Nigerian government agency or ministry that needs to improve their service, a public complaints site could be a good place to voice your opinions anonymously. It could even be designed as a wiki page and could get a lot of attention. Trust me. Apparently, an ATM machines/ATM card online forum will be a mega hit.

16. Social Bookmarking

Sites like Digg, StumbleUpon, Delicious, South Africa’s Muti and Nigeria’s Sturvs help share content around the web. But there’s something that Sturvs is not doing (well) – Social Bookmarking. A Nigerian site that allows users to create bookmarks for local web items will really fly.

17. Social Music

When I discovered Last FM, I was thrilled to know that music can be social and fun on the web. Nigeria’s Truspot is a great example of a social music revolution. It would be great to see a Nigerian social music site that allows users to listen to full music tracks and download music (MP3) for free. Is there any site like that?

18. Room/Apartment rental

This is probably one area that has not been explored yet in Nigeria. Most people, especially students who can’t afford a 600K naira apartment for two years in Lagos or Abuja could benefit from this kind of site that allows them find roommates to share the rent and utility bills. You can get ideas from US-based www.EasyRoomMate.com

19. Classifieds

There are so many classifieds sites around the world providing different product listings from cars to laptops to jewelleries. An example is Craigslist. In Nigeria, this market is growing exponentially and sites like Nairalist and Kerawa are tapping into this market. If you’re thinking of launching one or you’re already in this business, you had better read about the recent Craigslist saga! Yeah, dating is allowed, but not prostitution!:-D

20. Editing & Proofreading

A site that provides students, researchers, etc with proofreading and editing services for a fee can be experimented. After all, there are still schools that value high standards for grades in Nigeria, so people who value good grades will pay for a service like that.

21. Technology Blog

A blog about Nigerian technology news, reviews, interviews and analysis will attract tech enthusiasts, IT experts, industry watchers, consumers/customers, advertisers, investors, etc

22. Fashion Blog

A blog about new fashion trends in Nigeria, fashion shows/awards, fashion tips, advice and ideas. This should include photos of different fashion outfits (both male and female), especially of African traditional wears. The audience would be fashion freaks, fashion designers and people looking for anything new in the fashion world. I like what Linda Okeji and LadyBrille are doing.

23. Entertainment Blog

A blog that provides entertainment news, reviews and interviews as well as gossips and gist in the Nigerian entertainment industry will sell big-time. You may include the who’s who in the entertainment world, events coverage, music/movie news, etc No doubt, Bella Naija has done well.

24. Tourism/Culture Blog

Nigerian culture and tourism is very rich, but is yet untapped. There are monuments, rocks, wildlife, water falls, beaches, resorts, parks, hotels, festivals, carnivals, world heritage sites and more that need to be explored. A blog that covers these areas audience could attract potential tourists, people interested in cultures, exhibitors, advertisers as well as investors.

25. Sports/Football Blog

We all know how enthusiastic and passionate people get when their favourite sport is on TV. Thus, a blog about the Nigerian premier league or any other sport in Nigeria could get a lot of attention – the championships, the teams, the players, and the business side of sports – can be highlighted.

26. Career Blog

Getting and keeping a job in Nigeria is a huge challenge. I have my own stories, but please don’t ask:-) A blog about job tips and career advice as well as how to succeed in the Nigerian job market will be a major hit. As a personal and professional development coach and having worked as career consultant and recruiter for several management and recruitment firms both in Nigeria and the UK, I am “seriously” considering this.

27. Car Blog

I find that Nigerians are so crazy about cars, especially fancy cars! A blog that writes about cars, brands, models, etc including photos as well as tips and advice will sell big time. The auto industry in Nigeria is evolving and blogs that report this trend could get premium paid advertisements from car dealers in Nigeria and around the world. A great example of a successful car review blog is www.CarAdvice.com.au

28. Events Blog

Nigerians love events, especially the “owa nbe’s”:D Thus, a general blog that covers all events in Nigeria including entertainment, politics, religion, sports, technology, oil & gas, etc could be an events hub catering for a large audience and will require a lot of contributors. You could get a lot of advertisement offers if you can manage this blog very well. An example is www.EventArcade.com

29. Politics Blog

Perhaps you might not like to report political news and gossips that would get you arrested and detained, but I bet that there are lots of insightful and exciting political news, topics, debates, etc that can get massive attention, especially during an election period. (e.g. CNN Political Ticker). I think that www.SaharaReporters.com is a great example of a site dedicated to political news, reviews and analysis.

30. Celebrity Blog

I notice that people love to read about people, especially about celebrities. Sometime last year, I always wanted to know what’s new about Britney Spears, so I was always on www.PerezHilton.com A blog about Celebs in Nigeria – gossips about their personal lives, their relationships/affairs, their career lives, etc – will be widely read and make you a lot of money.

31. Movies Review Blog

The Nigerian movie industry popularly known as Nollywood has grown to become the third most lucrative movie industry in the world after America’s Hollywood and India’s Bollywood. You could write reviews on movies, and get people to analyse and rate them and also get lots of opinions from Nigerian movie lovers.

32. Photography Blog

A blog that reviews nice sites and places, photos of nature, animals, etc in Nigeria could get attention from people who are interested in visiting Nigeria. You could also share tips, advice and ideas about photography, as well as review photography gadgets such as digital cameras, camcorders, mobile phone cameras, etc

33. Aviation Blog

The aviation industry in Nigeria has experienced a lot of terrible incidents and has shaped the way people view air travel in Nigeria. A blog that reviews airlines in Nigeria, their fleets, services, routes, promotions, and flight news could be a great resource. You might get advert deals from airline operators that have air ticket promotions for their various flight destinations.

34. Stock Market Blog

A blog that reviews and analyses the stock market trends and news reports in Nigeria, including recent company listings, market analysis, industry reports, etc A good example of a Nigerian site doing this is www.NaijaLowa.com

35. Oil & Gas Blog

The Nigerian oil & gas industry has got the world’s attention, so a blog that writes about the latest news and gist about the oil & gas industry could grow to become a lucrative business blog. You could also include the who’s who in the industry.

36. Food/Nutrition Blog

Everyone eats food. Some people love food. Personally, I’m always interested in trying new food options that could nourish my health. In fact, there is a lot of Nigerian, African and continental foods that we haven’t even seen, heard of, or tasted before.

Thus, a niche blog on foods and nutrition could get opinions from food enthusiasts and nutrition experts. You could also include tips, advice and ideas on nutrition and food strategies that might help people eat better and stay healthy.

37. Arts & Craft Blog

The African tradition has so much influence on the way the world sees Africa. Thus, a blog about African masks, sculptures, paintings, etc with photos will get the world’s attention. People can even visit Nigeria in order to shop for these items as a result of information from the blog and which will help boost tourism in Nigeria. They could also purchase these items via online shopping.

38. Religion Blog

Perhaps a Christianity, Islamic or Traditional religion blog that writes about their various activities such as campaigns, crusades, pilgrims, conventions, conferences, carnivals, annual religious rites, worship centres, shrines, etc could get a lot of attention. It could be an online community for people who are religiously inclined. Religious organisations, especially churches may even pay for advertisements on this blog.

39. Entrepreneurship Blog

I think that people would like to become entrepreneurs in Nigeria, especially with the success stories of Alhaji Aliko Dangote, Femi Otedola and Mike Adenuga. A business blog that provides entrepreneurship advice and resources on how to start ventures in Nigeria as well as web startups in Nigeria could be a great resource. Some examples are www.DeoluAkinyemi.com, www.LoyOkezie.com, www.NaijaEcash.com and www.EoluTosin.com.

40. Bloggers’ Blog

We’ve seen the success of Afrigator (as a blog aggregation site), but how about a blog that discovers other blogs in Nigeria. Something like a StumbleUpon for Blogs or a Blog’s aggregation Blog?

41. Web Design/Development Blog

A blog that reviews new and existing open source software applications as well as web programming technologies will have a huge readership and followership. It will also make a lot of money from advertisement, etc.

42. Telecoms Blog

A blog that reviews and analyses telecoms news, gossips, products and services, promos, as well as the NCC’s business in Nigeria, including market analysis, future trends and forecasts, industry reports, etc will be a smash.

43. Bank Blog

A blog that reviews and analyses banking trends, gossips, news, products and services, promos, reports including market analysis, etc in Nigeria will be another money spinner.

44. Interior Design Blog

A blog that provides interior decoration and home-making tips and advice, as well as design trends, news, deals, etc will draw attention especially from foreigners/expats living in Nigeria.

45. Gaming Blog

A blog that reviews and analyses gaming products, companies, etc such as PlayStation and Xbox will make a lot of money.

46. Real Estate Blog

The real estate industry has grown exponentially over the last few years. This blog will profile real estate deals and promo offers in different regions as well as tips and advice on how and where to get the best deals in Nigeria. The blog will attract advertisement from real estate companies looking to find buyers.

47. Mobile Gadgets Blog

A blog that reviews and rates mobile phones, accessories, gadgets as well as PC and laptop accessories, PDAs, and other electronics will be very resourceful and profitable.

48. Promo Blog

This blog could focus on covering all promotional offers from companies in all industries, but especially those of banks, telecoms, real estate and aviation. It could grow to become a mega promo shop online where people go to shop for the latest promo offers and news. The blog could have a mobile version, so that users can get promo news right on their mobile phones.

49. Investment Blog

This blog could be analyzing several financial investment ideas, options, and funds available in financial institutions such as banks, insurance companies, asset management companies and investment capital and advisory firms. The blog could also provide tips and advice on the best investment options.

The author must be an expertise in financial management and investment strategies. If managed well, it could generate a lot of attention from people needing investment advice as well as financial institutions that would want to promote their products.

50. Social Networking Site

Social networking sites are causing social netquakes on the web space. There are just enough, so let’s try something different, dudes. How about adopting a different approach to the social networking thingy?

Interestingly, I have a cracking idea for a great social network that can be heavily monetised and get the world’s attention. I’m not kidding. I would share it here on this blog so we can x-ray and analyse it together to see if it would fly. The idea is still in conception stage, but if I see larger potentials on the project, sorry I wouldn’t share:-P

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It was an interesting exercise and experience for me compiling this list, even with sleepless nights. The list is by no means exhaustive, so if you have a great business or technology startup idea that’s not on the list, we’d love to hear them.

Starting a small business requires determination, motivation, and know-how. No small feat. Sometimes, it’s luck! And many times, it is survival of the fittest!

Here are simple steps to guide you in starting a successful small business in Nigeria.

1. Identify Your Business Opportunity

Choosing what kind of business to start can be an immobilizing task when confronted with the multitude of opportunities. It’s important to determine where your passions lie and to understand your entrepreneurial personality type. Do you think you have found the one business opportunity that will bring you freedom, fame, and plenty of profits? If not, keep searching.

2. Build a Business Plan

For the majority of start-ups, a business plan allows you to gain a better understanding of your industry structure, competitive landscape, and the capital requirements of starting a small business. If business planning is beneficial, why do so few start-ups use business planning? Learn the critical steps to writing a business plan.

3. Name Your Business

What’s in a business name? Everything and nothing. The right business name will help distinguish you from a sea of bland competitors, provide your customers with a reason to hire you, and aid in the branding of your company. Find the best ownership structure for your small business. The most basic of all business legal structures is the sole proprietorship. Other possible structures include the popular limited liability company, a partnership, or an S corporation.

4. Register Your Business

Starting a small business requires the usual paperwork and regulations. Corporate Affairs Commission (CAC) is responsible for this, for a small business start up you might not really need to incorporate the business as a Business name registration will do. Setting up your small business may require a business name registration to avoid embarrassment from local government authorities and to enable you get a corporate account with a bank. You can get your ex-school mate with a background in Law to help you out.

5. Find Start-up Money

Contrary to popular belief, most small business start-ups aren’t funded by grants, venture capitalists, or banks. Your seed money will come from your personal savings, friends, family, and any other creative means such as bartering.

6. Determine Your Business Location

Surveys have revealed that over 56% of the fastest growing companies were started at home. Discover what you need to make your home office design more productive. If home business isn’t for you, learn how sharing office space can aid your start-up. Don’t forget to review the pros and cons of office space leasing vs. buying. Read Tips on Choosing an Ideal Business Location.

7. Create an Accounting System

Unless you’re a number person, the accounting and book-keeping aspect of running your business can’t be avoided. Setting up your accounting system will help you understand the financial aspect of running a business. If you need help in setting this up, you can contact an ex-school mate who has a good background in accounting.

I’ll be discussing these steps one after the other in the future.