Connect with us

Business

Business Funding: 7 Ways to Get Funding For Your Business Idea or Startup

Published

on

Are you at the stage of your business where you need business funding or someone to invest in your business idea? It happens to almost all entrepreneurs and that’s a sign that you’re growing.

You have a great business idea, but you don’t have enough capital to finance it, right? Let’s talk about how entrepreneurs or business owners can get funding for their idea or startup.

Some great business ideas are dead because of inadequate funding, and some are still running at a spot with no result to show at all. The problem sometimes is not really “how” but “where” to get the fund.

On this page, I will discuss just seven (7) easiest ways to get funding for your business idea and then, briefly discuss how you can get the fund.

What is Business Funding?

Business Funding is simply the act of the resources needed to finance a project or business, in this context. The resources can be in form of anything that can finance a business.

So, when we say Business Funding, it does not always mean ‘MONEY or Capital.

Business funding includes getting team members who spend their time and effort, getting pieces of equipment, paying for some necessities such as a company or business registration, and marketing strategies. If you think about this, you will notice that everything can be achieved with “Money”.

In essence, you need money to finance and grow your business, to get the “resources” needed to make your business work the right way you envisioned. And that’s what we’re going to discuss now.

7 Ways to Get Business Funding to Finance Your Business Idea

#1 Personal Funding

The first way to get started with business funding is through your personal financial investment. Of course, it is your Startup or business idea and you should be ready to invest in it.

If your business needs $10,000 and you have more than that in your bank account, you should invest some part of, or all the $10k needed. If you’re afraid that you might lose the money, then you don’t need to continue the business because your instincts have failed you already. How do you want people to invest in your business idea if you personally don’t trust the idea? 

Another thing I will like to mention about personal business funding is that some people have a great business idea but nothing to finance it personally – If you’re in this category, I’m sorry to tell you that you’re not ready to start a business yet. 

What you need right now is a job or a skill to earn money, not a way to be loaded with ideas but no business funding and be stagnant.

I’m not saying you should not have a big dream to become a business owner, but an African proverb says “By crawling, a child learns to stand”. If you really want to stand and grow big, you need to crawl first, you need to start building from yourself.

ALSO READ: Top 10 Apps to Manage Your Personal Finance in Nigeria

Although sometimes, personal funding might not work especially if you’re still a student or you just lost your job. Is there any other way to get business funding? Yes!

#2 Ask Family Members & Friends

If you can or cannot finance your business yourself, then the next people you should meet for business funding are your friends and family members. Although they are close to you, when asking them for money, you should treat it as business, not as help or their obligation. It is your business, remember.

To get the funding from your family members and friends, you should have a good business plan for your business idea to get them interested in investing their money.

This part of getting business funding may not work for you, especially if your friends and family members think you’re richer than them and/or they rely on you. But try to speak to them first and see if it’ll work or not.

#3 Look for Business Grants

Another way you can get business funding to finance your business idea or startup is through grants.

What is Grant?

A business grant is a money given to business owners (or entrepreneurs) to finance or support and grow their business. These business grants are most awarded by rich philanthropists, non-governmental organizations, governments, and big companies.

Business Grant Vs Business Loan

Business Funding: Loan vs Grants

CREDIT: Keydifferences.com

A business grant is different from a business loan. The difference is that you must back a business loan, while you don’t pay back grants.

If you have a good business idea and plan, you should look out for funding opportunities like this, as it comes as “free money”. But not really free because those who give you the grants expect you to give back by using the funds wisely and employing people as the business grows.

So, we can frankly agree that the essence of business funding is to help small businesses grow and reduce the unemployment rate.

A good example of these business grants is the one provided by Central banks, the Ministry of Finances, the Ministry of Commerce, and other government institutions such as those who deal with Agriculture, Tech, and so on.

In Africa, there is a platform called “Tony Elumelu Foundation (TEF)” which is founded by the founder of Heirs Holdings, United Bank for Africa among others. Thousands of entrepreneurs in Africa are supported with $5,000 each year. So if you’re in Africa, you should look out for this.

#4 Consider Business Loan

Sometimes, you may not be lucky for business grants or getting assistance from your family members. But there are institutions ready to give a business loan to you as long as you have a good business plan and/or collateral.

To get this loan, all you have to do is visit your bank and meet with the manager to discuss it.

There are some people who claim they assist people with loans, you see their adverts almost everywhere. But I will advise you not to try them at all because most of them are loan sharks in disguise.

The best place to get a business loan is to visit your bank, as simple as that!

RECOMMENDED:

Some people claim they help businesses with loans too, be careful before you jump into trying them.

#5 Try Crowdfunding

People are using crowdfunding to raise money for different purposes such as hospital bills, school fees, legal fees, and most important to finance a startup or business idea.

If you’re not that versatile with the world of the internet, you might want to know how crowdfunding works, right? Let me give a brief introduction to it

What is crowdfunding? 

From the two words, “crowd” and “funding”, Crowdfunding is simply raising funds or money by a large number of people from different places to support or finance a particular project or bills.

These people decide how much they’re willing to contribute or in simple language, donate.

Crowdfunding is a method you can use to raise funds for your business. You’re not returning the money, it’s simply a donation. People across the world are ready to finance, support or help in one way or another, but also, people are stupid to be scammed of their hard-earned money.

That’s why you must be able to convince them why they should donate for you. If you think this method of business funding is what you would like to try, kindly check out these top crowdfunding platforms (here).

#6 Angel Investing

It’s not the regular angel you’re thinking of, but yeah, they’re like angels (God sent people) who can help fund your business. These people are called “Angel investors”.

Who is Angel Investor?

An angel investor is a wealthy individual who provides funding or capital to finance small businesses or startups in exchange for part of the company’s ownership (equity).

Like I said, angel investors, are like God’s sent. They are interested in funding your business at its early stage (when you are just starting). When other investors are not ready to give you funding, angel investors will be glad to chip in and give you that funding.

Remember that these angel investors are rich individuals, so you have to look for them. If you’re in Nigeria, you can check this blog post on top angel investors for business funding.

#7 Venture Capital Funding

Corporate Finance Institute defines venture capital funding as: “A form of financing that provides funds to early-stage, emerging companies with high growth potential, in exchange for equity or an ownership stake.” 

Venture capital investors or Venture capitalists (VCs) are like angel investors but on a ‘Pro Max” level. Because VCs will provide a lot of money to fund your business or company as long as they see potential in it. Angel investors are individuals, but venture capitalists can be a company or a group of people who come together.

You’ve heard of Kuda Bank or Flutterwave raising millions of dollars to finance their business, right? Do you know that companies like Facebook, Uber, Airbnb, and other big companies in the world are once backed or supported by venture capital funding?

Venture capitalists are so rich to provide business funding for your business or company as long as it has the potential for growth and of course, the VCs will be a part of your business’ ownership.

Think Before You Decide

Before you think of hunting for business funding, you have to think and be sure if you’re ready. As I said, people believe in potential, if your business or startup lacks the potential to grow, then no one is going to invest in it, including your family members and friends.

If your startup has the potential to grow, try as much as possible to take the business out of the idea stage. I mean take action with the little you have and the people around you.

Another thing you have to prepare is a good business plan that you can always submit to those who might be interested in investing, giving you a loan, or connecting you with investors. If you’re not good at preparing business plan writing, hire someone to do that for you.

Note that some investors are taking part in your company, I mean, they’re taking part in business ownership. The more investors and funding you get, the more the chances of knocking yourself out of the business.

Just think before you decide.

That’s how to get business funding to finance your business or startup.

This post “Business Funding: 7 Ways to Get Funding For Your Business Idea or Startup” first appears on gbolamedia.com, do not copy without permission.

Stephen is a frontend developer, WordPress expert, SEO manager, and Blogger. He manages this blog on a part-time basis as he's keen on writing code and helping business owners to get more from their business online. You can hire him to help you design a website, promote your songs, run effective social media ads, manage your website or teach you what he knows. Contact him here: on WhatsApp or check him on on Linkedin

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Wakanda Inu: The First African Memecoin Turning Many People to Millionaires

Published

on

Have you recently stumbled on Wakanda Inu (or $WKD) on Facebook, Twitter, WhatsApp status, and even on some top crypto or finance website like Nairametrics, and you’re wondering what this is all about?

Let me tell you about it.

But pardon me, it’s going to be more personal than formal. Of course, experience is the best teacher and that’s what I want to share with you in this blog post.

What is Wakanda Inu?

Wakanda Inu (also $WKD) is the first memecoin to ever come out in Africa. Just like Shiba Inu or Dogecoin, Wakanda Inu represent the black but fiery African dog with sharp fangs.

Wakanda Inu

Wakanda Inu is not just a memecoin, but a “movement” launching the African generation out of poverty. 

“Out of poverty”? Yeah! Wakanda Inu is here to change the narration that Africans are poor regardless of the poor governance and mismanaged resources.

Let me simplify this, I hate confusing parables too.

Wakanda Inu is a “meme” cryptocurrency token launched in Africa by Africans Africans and the rest of the world who believe in the movement of Wakanda.

According to Nairametrics, Wakanda Inu is “A memecoin bigger than Shiba Inu, driving crypto adoption in Africa

That’s what Wakanda Inu is here for!

VIDEO: How to Buy Wakanda Inu

Here is a big deal about the Wakanda Inu;

Wakanda Inu was launched in just a few days (not even up to a week as at the time of writing this), but a lot of people who believe in the movement are turning millionaires with few bucks traded.

Wakanda Inu grew to 1200% in just 72 hours of launching.

In case you don’t know what that means; if you invested $50, you would have made $600 in just 72 hours!

I know what you’re thinking; “this gotta be a kind of Ponzi scheme or gambling” 😏

Okay, let’s talk about that;

Is Wakanda Inu Scam or Legit?

Short answer: Wakanda Inu is not a scam, it is 100% legit.

Long answer: Because it’s a memecoin launched in Africa doesn’t mean it has to be a Ponzi scheme or scam. It’s true that some coins launched in Africa are pure scams like the one in which its price pumped to over $80,000 – even the all-time high of almighty Bitcoin has got up to $70k.

When this project started, some people are discouraging others not to buy the token as it is a scam token. “It is launched in Nigeria by Nigerians, it has to be a scam”, that’s what they keep saying.

Even if the whole world transcribes “Nigerians” to “Scammers”, we are still proud of what we legally do to help humanity. Such as Flutterwave, Interswitch, and Paystack (acquired by Stripe) to solve online payment problems, and these are globally seen as great ideas and innovations.

Not to talk of other things we are doing to represent the continent.

“76% of the token is owned by one address” – This is another thing some people are saying to deplete Wakanda Inu.

Is it true that 76% of the Wakanda Inu is on one address?

Yes, it is true.

You’re disappointed? Don’t be.

If 76% of the token is on one address, does that mean it is a scam?

But the 76% are locked and meant to be burned, nobody has access to it. No developer, no founder!

To answer that question, take a look at the contract address on Bscscan.com or any tools you like and you will see it is LOCKED. If the total supply is made available for trading, then the token will be too much and useless.

Imagine if they are selling iPhone 13 Pro for just $50, everyone will buy it because it is cheap. And that will make iPhone 13 Pro and even, valueless.

So what’s the idea of burning such an amount of token? To make it scarce.

Yes, scarcity adds value to something, including a cryptocurrency. Using an address specialized to burn the token as a foreword to call a token “scam” is irrational.

Wakanda Inu is 100% legit and that’s why a lot of people are backing it.

Who are those backing Wakanda Inu?

A lot of big people. But let me point out clearly that, “backing” here doesn’t mean these people own the token, but they’re just supporting it with “passion”.

Who are these people? I will mention a few but I won’t say much about them though.

1. Chris Ani, founder of DABA

Chris Ani is a household name in Nigeria’s tech industry, especially in Cryptocurrency. He is the African ambassador for Binance (the world’s largest cryptocurrency exchange platform). And he’s a successful man who is rising to the top through cryptocurrency.

As part of his mission to educate and Impact people positively, he founded Digital Abundance Business Academy, DABA. 

DABA is a school, a school that teaches you how to make money legally. I’m a student of DABA and the knowledge gained/gaining is helping.

Join us today, visit www.daba.school to learn more

2. Gaius Chibueze, founder of AbitNetwork

This man also rose to the class of upper echelon through cryptocurrency, and ever since then, he has created some platforms to help people get more out of blockchain technology.

He founded Tatswap, tatcoin, tatswap among others

3. Tola Fadugbagbe, founder of Crypto Masterclass

Tola is also a name that rings a bell in the African crypto space. Cryptocurrency also changes his life and he’s telling the world, especially Nigerians on how they can escape the trap of poverty with cryptocurrency.

Sequel to his experience and contributions, the young man has been interviewed by many media outlets including the world-famous BBC

And a lot of other big people and many other exchange platforms such as Quidax, Roquu, Flitaa, etc.

With all these people supporting Wakanda Inu, it’s definitely not a scam, or going to turn to a scam token soon. 

You know “good name is better than gold” right? Yeah, they won’t put their name on the line to back a scam token.

Important Notice:

Some people are using their blogs and social media handles to fight against Wakanda Inu because they believe nothing good can come out of Nigeria at all. These people will give you a reason not to trust the token.

But whatever their reason is, it is far from true.

The world believes African countries are underworld, that’s why Wakanda Inu is here as a strong movement to change that.

And of course, you can decide to listen to them. It’s not a loss or gain to the community or you.

This is not a Ponzi scheme. But if you read this blog post to the end, I will show you something about Wakanda Inu.

Read on 😉

But why Wakanda Inu?

Wakanda Inu is a community-driven token to help African gain financial control of their life. It’s all started as a discussion in a WhatsApp group, and the idea is taken up and launched!

Wakanda Inu is for poverty alleviation and anything around it.

Chris Ani’s said on Facebook;

“We will build schools, tech hubs, a marketplace in Wakanda with #wakandainu”

Yes, that’s the vision of Wakanda Inu and as citizens, we are supporting it.

Wakanda Inu: Many Are Called, Many Are Getting Rich

Everybody can be part of the movement including you. It takes nothing other than your determination and a little knowledge of how cryptocurrency work.

Currently, people are sharing sweet testimonies of how Wakanda Inu changed their financial position. A lot of people that I can’t even mention all of them

Is it a 15-year-old girl that bought $50 worth of $WKD and earned $1,900+ in just a few days? Or to mention a guy that said Wakanda Inu helped his brother to pay a debt of N1.3m – about $2000+

Wakanda Inu

A 15-years old girl Earn more than N1m from Wakanda Inu. Credit: Richard Idasenibo

Or let me talk about myself.

I invested 0.1 BNB after the presale, that’s about $68 then and I made about 1.2 ( about $800)BNB in a few hours and I have to invest more.

Many are called, Wakanda is for everybody who believes in the spirit of Africa.

Where to Buy Wakanda Inu?

You can buy Wakanda Inu on the following platforms:

  1. Pancakeswap
  2. Quidax.com
  3. Roquu.com
  4. Flitaa.com
  5. HaggleX
  6. BoundlessPay
  7. Tatswap
  8. Obiex
  9. NaijaCrypto
  10. Many are still coming

How to Buy Wakanda Inu

Buying Wakanda Inu is very easy, even if you don’t know anything about cryptocurrency trading. Follow the simple steps below;

  1. Download any of the apps above
  2. Sign up and complete your registration
  3. Verify your email address, phone number, and NIN submission to upgrade your limit
  4. Deposit fund (each platform will provide a guide to do this)
  5. Buy Wakanda Inu easily.

But in case you want to use pancakeswap, all you have to do is download wallet apps such as Trustwallet, MetaMask, or SafePal.

Watch this video to see how I used Trustwallet to buy Wakanda Inu

Create a wallet and go to the dApp search bar, search for https://pancakeswap.finance

Swap your Bep20 USDT, BNB or BUSD for Wakanda inu.

NOTE: You must have a small BNB to pay for the network fee.

Frequently Asked Questions (FAQs) on Wakanda Inu

What is Wakanda Inu’s Contract Address?

Wakanda Contract Address is: 0x5344C20FD242545F31723689662AC12b9556fC3d

Where Can I get learn more about Wakanda Inu?

  1. Wakanda Inu’s website: https://wakandainu.com/
  2. Coinmarketcap: https://coinmarketcap.com/currencies/wakanda-inu/
  3. CoinGecko: https://www.coingecko.com/en/coins/wakanda-inu
  4. Poocoin: https://poocoin.app/tokens/0x5344c20fd242545f31723689662ac12b9556fc3d
  5. DexTools: Pair Explorer – DEXTools

Disclaimer: Brotherly Advice Before You Buy Wakanda Inu

Wakanda Inu is not a Ponzi or get rich scheme. So don’t jump into think because you want to get rich quickly and get out. You may end up losing your money if you’re not patient.

Someone bought the token it has already pumped, then the market retraced and he was so sad that he decided to sell at loss.

If you can’t hold for a long time, don’t buy!

Also, avoid scammers. Some people have created fake telegram groups and maybe they did the same for other social media platforms, but avoid these people at all lengths.

If you’re interested in joining Wakanda Inu’s group, go to the official website (wakandainu.com) and scroll down below to see the official handles.

Lastly, cryptocurrency trading is risky. So, don’t borrow money or use your school fees to invest. Only invest what you can afford to lose.

This is not financial advice, but buy Wakanda Inu 👋

PS: This post is on Wakanda Inu not Sponsored. It was written by myself (Stephen Gbolagade) and published on my blog (https://gbolamedia.com). Everything here is my experience with Wakanda Ina

Continue Reading

Business

21 Business Ideas for Pastors to Make Money in 2021

Published

on

Aside from tithes, offerings, and gifts, do you know there are some business ideas for pastors to make money?

If you’re into the pastoral line and you’re looking to start up side businesses to fortify your financial status, then you’re definitely on the right page. And you’re not alone. 

The pastoral call is demanding. You need to study hard, prepare sermons to canvas, and truly get to become intimate with the spirit of God. But the truth is – you need money. 

There are expenses you need to shoulder as a gospel minister, and you don’t want to depend on the pockets of the members of the Church for survival. 

Primarily, you need multiple sources of income to garner enough money to both help your flock with and handle other church activities – especially as it has to do with giving and outreach. 

Without taking much time, you’ll get a dose of 21 business ideas for pastors right here, and you can start any of these businesses and expect lucrative returns in the long run. 

Some of the business ideas for pastors on this list won’t cost you a dime, and others… quite costly to start up. 

That being said, here are 21 business ideas for pastors that you can delve into and make some extra money (even more than the $99k average pastor’s salary). 

21 Business Ideas for Pastors to Make Money in 2021

1. Freelance Writing

Freelance writing is simply writing to get paid. This is made easier by the availability of freelance marketplaces on the internet like Fiverr and Upwork. 

Now you won’t spend a dime here, and as a pastor, you can decide on how many hours of your precious day you spend working and hunting freelance writing jobs. 

To get started, you need to be sure you can really write about something fabulously. My best bet is you’re a religious guru and the religious niche is most related to your career (being a pastor). 

So you want to search for freelance writing jobs in the religious niche – vet the freelance marketplaces for employers looking for writers in the religious niche. 

This is pretty easy as most of the freelance platforms have an algorithm to match your expertise with employers’ demands. So if you’re a tech guru and you fill it into your profile, the platforms automatically queue up jobs related to tech. 

Quickly sign up on either of the best freelance platforms and get to work. You can take 2 or 3 hours off your day to build a profitable freelance writing career in no time. 

2. Copywriting

Brands are willing to pay you a lot of money to write brief, highly compelling, and converting sales speeches and product descriptions for their products. 

It’s like this – you write for brands and help them with copy-writing tasks, you get paid. Copywriting doesn’t take a whole day. It’s a skill you need to master (at least to some point). 

Copy-writing isn’t cranking up a 1000-word article or a 10,000-word guide. Product copies are short and highly compelling. They’re tagged along with products and easy to read. 

This is easily one of the best business ideas for pastors looking to make extra money. It gets easier to write copies that turn random (potential) buyers into loyal customers over time. 

And once you gain mastery of this art, then you’ll be on the payroll of multiple brands in a short while. This means more jobs and more money. 

3. Public Speaking 

Public speaking at events, programs, and other gatherings is one of the best business ideas for pastors as it is closely in line with what you do frequently – speaking. 

While you might not consider this a business idea or even take it to become a business in itself, but public speakers not trundling the pastoral path cash in on public speaking as a business big time. 

4. Uberpreneur 

If you own a car, you can do this part-time as a side gig.  Being a pastor, you can explore your leisure hours during weekends to pick up random passengers using a ride-sharing app like Uber. 

It’s easy and doesn’t cost much. But you’ll need to have a car of your own first to make things much easier. You get paid for every passenger you pick up and you can do this as many times in a day. 

Another way around this is hiring someone to run around in your car using the ride-sharing app while you supervise the earnings and transactions. 

Come to terms with the staff you hire as to how much you’ll take home daily or weekly or monthly. And how much he/she keeps daily (or weekly/monthly). This way, it becomes an excellent passive income stream. 

5. Graphics Designing

You’re a graphics designer or do you have a list of good graphics designers who design your church handbills and billboards? Then you can leverage the profit potential of graphics designing. 

It’s two ways – source for graphics design jobs on freelance platforms and outsource the jobs to experts in the field, or reach out to brands and organizations offering to help them out with everything graphics designing. 

On freelance platforms like Fiverr and Upwork, graphics designers get paid like rockstars. And you don’t have to do it yourself as a pastor. 

You can hunt for these jobs and outsource the task to someone else (apparently a reliable and efficient graphics designer). It costs nothing to explore this business idea. In fact, you can start right away. But if you’ll farm out the tasks to experts, then you need to pay them off (which will cost money).  

6. Ghost Writing 

More than 80% of successful brands and writers don’t compose their articles in solitaire. They get help from brilliant writers who can replicate any writing voice, flow, and spirit. 

For a pastor, this shouldn’t be a problem (as you can speak in any manner of voice you choose to). You want to brush up on your writing skill to venture this path. 

Ghostwriting is a profitable business idea for pastors, and the best part is it costs nothing to start up. You’re the asset here. And you get paid (more than $1k per an article in most cases) to cobble up great content. 

7. Real Estate

I know one too many pastors making it big in the real estate industry. Don’t think they don’t do great with their ministerial purpose because they have just more than the name – they’re spiritually upright. 

With your influence as a pastor, people trust you. And you can turn this trust into opportunities that’ll generate good money. The real estate industry works with capital and trust. 

I mean, people need to trust you enough to leave you a million-dollar worth of property. You don’t have to look too far to start this. And I bet someone in your congregation is into the real estate industry big-time. 

Start from there and tap into the already existing influence and trust you’ve built over the years to propel your real estate venture. In the end, it’s all about buying and selling properties – you can push buttons with phone calls.

If you are already into real estate or you just want to join the business, you can register on popular real estate listing platforms with a token as a subscription to sell or lease out your properties.

If you’re in Nigeria, Realty9ja.com is a good platform to buy, rent, lease or sell properties.

8. Gospel Blogging

I don’t want to veer off the gospel line. So let’s stick with gospel blogging (which is still very profitable). Start a gospel blog, answer questions, and you can transcribe your sermons to text documents with the help of freelancers or your media team (if they’re that good). 

The first step – your niche is gospel. More than 2 billion people are already interested. Secondly, start your blog. This guide will teach you how to start a free blog even with an Android phone. 

Reach out to other gospel bloggers who will be quick and happy to connect with you. Have your media team create guest content on several other gospel blogs to build your blog’s authority, and then you can start launching ultra-relevant content on your blog to get traffic. 

When the traffic starts turning in, monetize your blog using affiliate links, Google ads, or sell your own books (and products) – more on this soon. 

What you’ll blog about? There are thousands of questions currently unanswered about God. You know better. Provide answers in a way that people will keep coming back for more answers. 

9. Gospel YouTube Channel Monetization

Allen Parr is one gospel minister who reaches thousands of viewers with his gospel YouTube channel called “The Beat”. He answers sensitive and controversial questions pertaining to the gospel and makes money doing that. 

How so? With more than 740k subscribers, he earns from selling affiliate products, YouTube ads, and even has a $497 membership program. 

You can do this too, and you don’t have to be a gifted video editor or video maker to begin. Hire someone who can edit videos brilliantly, and efficiently. Or utilize the digital strength of your Church media team to publish video content consistently on your YouTube channel. 

This is inarguably a top business idea for pastors, choristers, and anyone called into the fivefold. 

10. Virtual Assistant 

Virtual assistants work remotely and they help with tasks admins don’t have the luxury of time to handle. They edit content, reply to emails, and organize meeting arrangements. 

But that’s not all – they get paid real good to do just that. To become a virtual assistant, all you need to do is apply. Websites like Indeed, Fancy Hands, Magic, and PeoplePerHour are great at listing Virtual Assistant jobs. 

You have only so many hours in a day to carry out your V.A. tasks and keep the cash before it’s time to mount the altar. 

11. Proofreading 

It’s great to write. But great writing mostly beckons on the strength of great proofreading. As a proofreader, you vet content and mitigate unnecessary errors that introduce unprofessionalism. 

Proofreading jobs are rampant on freelance platforms and this is another business idea you don’t have to spend money, to begin with. 

On the bright side, craft corporate letters to brands, send emails to different organizations, and inform them you can anchor their proofreading process with dexterity. 

It doesn’t take 10 hours to proofread a document – you can proofread a 3000-word document in about 30 minutes, and do that for several documents to earn $100 – $350 every time (depending on the budget of your freelance employer). 

You also have the option to outsource proofreading tasks to skilled proofreaders you know and take up multiple proofreading tasks to earn more. 

12. Crypto Trading 

Crypto has come to stay. And the decentralized system of financial transactions isn’t hostile to pastors either. 

You can tap into the volatile nature of cryptocurrencies while maintaining and running your ministry. With about $100, you can start trading crypto yourself. 

The best investment is to invest in yourself by learning to trade crypto versus investing in crypto trading firms to help you out. Invest time to learn everything you can about crypto. 

If you can understand God’s word with accuracy, then crypto isn’t as challenging. There’s a possibility to exercise your grace and faith in the crypto world. Who knows? You could execute a trade to make 40,000 times the initial asset you invested within a single day. 

To get started, acquire the knowledge. And get to know the best trading platforms out there. Personally (out of my professional experience as a Crypto Trader), Binance is best for trading. 

But if you want to acquire cryptocurrencies and leave them there to germinate over the coming years, then go for the Blockchain app (or Binance if you can control the urge to not execute daily trading anytime you set eyes on the crypto market). 

13. Catfish Farming

Catfish farming is profitable for anyone looking to start a business. As a pastor, this business idea fits in too. It’s capital intensive and highly lucrative. 

You don’t have to become a fish farmer overnight. Hire someone to set up the fish farm and coordinate the activities of the farm. 

When the fishes reach the maturity stage, you can sell them to make money or start up a catfish barbeque business off the produce of your fish farm. 

14. Poultry Farming 

Poultry farming is a great business idea for pastors and you don’t have to do it yourself. It’s cheap to start up and doesn’t cost much to maintain either (depending on the size of your farm). 

As a Pastor, you’ll have a lot of time to supervise your poultry farm from time to time while you focus on what God wants you to do. 

You can hire a staff to maintain and treat the Poultry just right while you focus on other things. Poultry farming also joins the list of businesses you can comfortably start from home without having to bother about accommodation (or a landed space for the business). 

15. Laundry/Dry Cleaning 

Not very many folks have the avalanche of time and strength to maintain their clothes. This is a good thing as it ushers in the need for Drycleaning and laundry services. 

Your pastoral line is compatible with this business as the majority of members patronize the services of a laundryman. You probably don’t have to do too many promos before a swarm of customers darkens the door of your laundry/dry cleaning business center. 

Obviously, you won’t get to do the task of washing and ironing yourself; it’s onerous. Hire staff or more to get things done – your responsibilities are largely supervisory, financial, and promotional. 

16. Event Equipment Rental Business 

Owning a rental service business is one of the top business ideas for pastors looking to make money while making a positive impact in their divinely fabricated gospel ministerial path. 

So how it works is you acquire equipment like chairs, musical instruments, and more than spice up and make for a great event. Next up, you list them up for lease and get paid whenever clients come around to hire them. 

Customers hire and return the equipment within a specific timeframe so they’re up for lease again. The equipment is always yours, but you earn from them. This way they become assets generating a steady flow of income. 

Whether it’s a birthday party, an academic ceremony, a wedding, a night beach party, or a matriculation ceremony – someone got paid for every hired piece of equipment in the scene. 

You can start this business yourself as a pastor, and let the Church know about it. 

The Church will mostly constitute a huge proportion of your first loyal clients regardless of the business your startup. You have leverage here. You’re trusted and it’ll be easy to scale any business you start up pretty fast. That’s Grace. 

17. E-commerce Business

E-commerce websites make a lot of money. In 2020 alone, Amazon generated a net income of 21.33 billion dollars. 

Your e-commerce website might not scratch 10% of that figure in the first few years, but having an e-commerce website is definitely a step towards building a passive income empire even as a pastor. 

Don’t look too far, your e-commerce website could be all about selling Church items like microphones, pulpits, and cords. 

If you have a knack for multiple items, then you can integrate other niche products into your e-commerce inventory. 

Starting an e-commerce website/business might cost a few hundred bucks as you’ll need to run frequent adverts or depend on a long-term content marketing strategy to build traffic, attract your target audience, and boost sales. 

18. T-shirt Designing 

Do you know you can design t-shirts for free and get paid when people buy your t-shirt designs? On platforms (and web apps) like Teespring, Amazon Merch, and RedBubble, you can create your own fashion store stuffed with your designs. 

The designs are printed on-demand which means whenever a buyer places an order for them, the company prints and sends the t-shirts. 

It doesn’t cost a dime to start doing this and you can get started right now. The more designs you have, the more chances you have at making more sales and more money. 

It takes about 5 minutes or 20 at most to design a virtual t-shirt (but it depends on the kind of design you have in mind; how well you want to design your products). 

19. Dropshipping

Dropshipping is not a new trend and it’s one of the top business ideas for pastors to make money in real-time. How it works is you create an online store, connect it to a supplier’s website, and upload product pictures (with the prices) on your store. 

Whenever someone clicks to buy, the order redirects to the supplier’s website, the supplier ships the item and you get to keep the markup profit. And yes, you don’t need to know everything about dropshipping to kickstart your side business. 

You can hire someone to build your dropshipping store, design and promote it, handle everything that has to do with the online business while you focus on other things. 

If you’re still in doubt as to how well the dropshipping business is profitable for pastors (and anyone else), then the $10 million/year dropshipping story of Alexander and Andreas will set your motivation on steroids.   

20. Book Publishing

It’s normal for pastors to publish books and cash in on imparting the world with their knowledge, experience, and revelation. But it’s a business idea not very many pastors consider. 

And you can tap into it to create an inflow of income your generation will play benefactors to. Some of the wealthiest preachers and even motivational speakers earn a fortune from the sales of books they author. 

That being said, nobody writes a book in 24 hours sitting on a comfy couch. Start by co-authoring a book or become a guest preacher/speaker for a gospel TV station/show. 

Move it up to writing and publishing leaflets, pamphlets, and gospel articles. Study hard, and build enough intellectual/spiritual momentum to write your first book. 

21. Stock Trading 

Stock trading is one of the online businesses you can get into with very little capital as a pastor. It’s risky, volatile, and works with a set of time frames. 

As the crypto market, the stock market is really volatile. You work with a number of indicators, charts, and signals to determine the direction of the market. 

The best investment, just like in crypto, is to learn the trade. Acquire the skill to trade stocks, and then you can capitalize on your experience and knowledge to maximize profits. 

Conclusion: Business Ideas for Pastors

While these business ideas for pastors listed here, won’t make you as rich as Joel Osteen or T. D. Jakes overnight, they relieve you of the stress of devising uncanny schemes to sieve funds from your Church. 

The best part is some of the business ideas on this list that cost nothing to start up can transition into passive income ventures generating thousands of dollars monthly for you as a pastor. 

In the end, it’s all about fulfilling the call of God while making enough money (passively) to push the gospel further and live a fulfilled lifestyle.

About Guest Blogger

Moses Ukanna is a certified information scientist, content creator, writer, entrepreneur, and CEO at Potent Stack Digitals. He takes delight in creating meaningful/helpful Content and believes in Quality over Quantity. 

Continue Reading

Business

Buycoins Review: Easiest Way to Buy, Sell, Store & Trade Cryptocurrency in Nigeria

Published

on

Is Buycoins legit and is it the easiest crypto exchange app in Nigeria?

Maybe at a point while surfing the internet for the best apps to buy or sell your Bitcoin and other crypto assets in Nigeria, you came across Buycoins and you’re wondering if the platform is legit or scam.

And if it’s legit, how can you buy and sell easily on Buycoins?

In this blog post, I’m going to answer these questions.

Not just that, I will also show you how you can make money on Buycoins by simply doing small tasks.

If this is the first time you’re hearing the name “Buycoins”, you may want to know what the platform is all about, isn’t it? Okay, let me give you short overview about the company.

About Buycoins

Buycoins (or Buycoins.africa) is a crypto exchange platform in Nigeria where you can buy, sell, store and even trade some cryptocurrencies such as the famous Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and few others.

But Is Buycoins Legit or Scam?

Buycoins is 100% legit.

I’ve been using the platform for about 2 years and I can tell you that Buycoins is tested, and trusted.

Although before I got to know of Buycoins, I have been using Okex and Luno apps, but on getting to Buycoins, I have no choice than to fall in love with the platform.

What are the things that makes Buycoins stands out?

Pros of Buycoins: Why Should I Use Buycoins.Africa?

I’m going to make the points clear but simple. Below are the reasons why I’m using and vouching for Buycoins;

·         Clean and Easy to Navigate Website & Apps

Buycoins.Africa did a great job on the user interface (UI) and users’ experience (UX) of their products (the mobile apps and website). Everything is simple, clean and direct.

Buycoins Review

To be honest, other competitors are doing great jobs on UI/UX but the simplicity of Buycoins is on point. If you’re new to Crypto of things, you won’t get lost as the platform is self-explanatory and simple to use.

·         Easy ways of Funding Your Account

Funding your Buycoins account is very easy from day one, as you can send money from your bank account to your Buycoins generated account number (Providus).

But Remember that CBN ban banks in Nigeria against anything cryptocurrency. As a result of this ban, some exchange platforms who operates in Nigeria are faced with the issue of how their customers will be depositing funds in their account.

Fortunately, Buycoins is one of the first platforms that came with a solution. Now, you have multiple ways of funding account with Naira from your banks.

You can’t fund your account on some platform (like LUNO) till date because of that CBN ban, but that’s not the case on Buycoins.

·         Withdrawal is easy too

Just like it was easy to fund your account with Naira, you can withdraw your money in Naira on Buycoins to your Nigeria’s bank account without falling for P2P scams which frequently happen on Binance, Okex etc.

·         Customer Care Response is very Fast!

I once had issues on my account but I got them solved in the blink eyes just because of the fast customer care representative.

Till now, Kuda Bank is still ghosting me, I contacted them on Live chat, e-mail and Twitter, I’ve got no response.

Personally, I like a company who invests on their customer care team. That’s the reason I keep using JUMIA for shopping despite the frustration I’m personally facing with them.

RECOMMENDED: 5 Ways to Make Money on JUMIA

And because of fast and patient customer care support, that’s why I chose to Heroshe to ship from USA for me instead of ShopToMyDoor.

If you’re a curious person like me, and/or you want to get fast solution any issue you may face using a product or service, then you should look for a company with good and fast customer care team.

That’s why I choose Buycoins and I think you should do the same. (Click here to start)

·         The Founding Team

Well, maybe this is not necessary to you. But to me, it means a lot.

I’ve not met the founding team of Buycoins.africa face-to-face, but they’re quite famous especially on Tech twitter, Tech or Entrepreneurship News on Africa.

Timi Ajiboye, Tomiwa Lasebikan and Ire Aderinokun are the frontliner of Buycoins and other related companies. (you can google the names tho).

The founding team members are Nigerians, so they understand what we need better unlike some alien companies (other are trying too, but “Abinibi yato si Ability” – Naturality differs from Ability or artificial).

·         Ability to Trade on Buycoins

For years, we depend on using foreign platforms like Binance, Okex, Kukoin, Bitmex etc., to trade cryptocurrency.

That’s not really a problem. But the problem is “How to Easily Fund the Account”.

We know a way we use manual peer-to-peer exchange and then send to the foreign trading apps. The stress, the fees and the exuberant interface is a headache to, especially newbies.

But gladly, we can now Trade easily on Buycoins on the Buycoins Pro app.

And that’s also a milestone too. Buycoins is one of the first to Nigerian crypto’s company to achieve that. We may totally ditch the foreign apps and use Buycoins Pro to trade easily.

·         Zero Transaction Fees

If you’ve bought or made a transaction on Binance or LUNO or any other platform, you will understand what I mean. I mean the transaction fees on those apps are very high!

But on Buycoins, transactions are free!

You only pay the network fees.

I don’t need to explain too much, sign up for Buycoins and see these features yourself.

·         Reliable P2P Trading System

In cryptocurrency space, you’ll be dealing with 90% of people you don’t know if you want to buy or sell using Peer to Peer (P2P) which you can’t even escape.

While dealing with these anonymous people, you can be scammed easily. And once you’re scammed, that’s the end.

It’s unfortunate that, as big as Binance and Okex are, they haven’t curb scamming on their P2P system, which they can’t really because they can’t control the system totally (i.e. they’re decentralized).

But on Buycoins, you have nothing to worry.

Most of the buy and sell orders on Buycoins are P2P but you may not notice as everything will be taken care of, for you.

Cons of Buycoins: What are the Downsides of Buycoins?

As good as this platform is, we shouldn’t see any downside, right?

But I’m afraid to remind you that nothing is perfect in this our planet earth.

So, what are the downside of Buycoins? They are;

·         They Still Need to List Some Coins!

I don’t know the processes behind listing coins on both exchange or trading platforms. But whatever the processes are, I know they’re not easy.

Maybe that’s why there are not enough coins listed on Buycoins.

But popular coins like BTC, ETH, LTC, XRP, USD Coin and USDT are there. And recently, the likes of DOGE, Chainlink, Cardano, Stellar, Binance Coin are added.

I know as times goes on, Buycoins will have lot of listed coins like Binance.

·         Not all Nigerian Banks are supported

We have more than 20 banks in Nigeria, but you can only fund or withdraw to less than 10 banks.

Nigerian Banks available for Deposit and Withdrawal on Buycoins

  1. GT Bank
  2. Kuda Bank
  3. Access Bank
  4. FCMB
  5. ALAT (WEMA Bank)
  6. Abeg App
  7. Fidelity Bank
  8. Diamond Bank (Acquired by Diamond Bank tho)
  9. Zenith Bank

If you’re not using any of these banks, then you can’t fund or withdraw with Naira. ☹️

But the good news is that, you can easily join the Abeg App or Kuda Bank easily.

That’s it about Buycoins.

Now back to the previous question; is Buycoins the Best in Nigeria; Is it legit or scam?

Buycoins is the easiest exchange app in Nigeria, it is the best and it is 100% legit!

If by now you’re interested in using Buycoins, the next question you may want to find answers to is;

How to Get Started on Buycoins?

  1. Click here to sign up for FREE;
  2. Put a correct email address and click on “continue”;
  3. A verification link will be sent to that email address, to and verify;
  4. Login to your Buycoins account;
  5. Upgrade your account (Click on “Verify Identity”): Add Bank account, BVN and Phone Number;
  6. Set up 2-FA for security sake;
  7. You can now deposit and start using Buycoins!

Important Notice:

  • First, your BVN is safe; It’s just to verify your information.
  • Make sure you add all your bank accounts (linked with your BVN)
  • Make sure you deposit ONLY from your bank accounts added.
  • If you mistakenly deposit from any other bank, your account will be locked and you’ll need to do another verification to unlock it. Hence, add all your account numbers and only deposit from your added account numbers.
  • You can only withdraw to your added accounts number too (if available for withdrawal).
  • For easily transactions, download and use the mobile apps

I told you earlier that I will show you how to make money on Buycoins right? Let me fulfil that promise now 😉

3 Ways to Make Money on Buycoins Africa

1.      P2P Trading

You can buy coins at low price and sell at higher price on Buycoins’ P2P trading platform.

Let’s say you have N100,000 in your bank and the current BTC price is $41,000. You can buy N100k worth of BTC and quickly sell on P2P maybe when BTC hit $42k.

That’s called swing trade. You might not make big money, but you will definitely see earn few bucks

2.      Coin Lock

Aside from quickly buying and selling coins on the P2P platform, you can also earn money by locking your coins for a certain period of time.

Let’s say you’re saving in Ethereum. Instead of just stacking Ethereum like that, you can lock it and earn money.

You’ll earn 12% interest of whatever you locked.

If you locked N100k, 12% interest on it is N12,000!

3.      Buycoins’ Refer and Earn Program

This is another sure way to make money on Buycoins, all you have to do is refer your friends to join Buycoins and when do they that, you’ll be paid N1,000 for each person.

Buycoins - Referral Apps to Make Money in Nigeria

If you’re able to refer like 20 people, that’s N20,000 for you.

NOTE: Those people you referred must complete their sign up, deposit at least N5,000 and trade up to N10,000 on Buycoins before the money can be released to you.

Conclusion: Buycoins is LEGIT and the Easiest Platform in Nigeria

So that’s all about Buycoins Review and how to Easily Buy, Sell, Store and Trade Cryptocurrency in Nigeria.

If you have any question, kindly use the comment box below. Subscribe and don’t forget to share this with someone, it will take you few seconds (please do that)

This post “Buycoins Review: Easiest Way to Buy, Sell, Store & Trade Cryptocurrency in Nigeria” – appeared first on https://gbolamedia.com

Continue Reading

Browse by Tags

#endsars affiliate business affiliate marketing app making money auto insurance companies auto insurance nigeria bitcoin in nigeria Bitcoin Wallet in Nigeria blogging business ideas business in nigeria buy bitcoin in nigeria corona virus covid 19 cryptocurrency in Nigeria digital skills dropshipping business in nigeria dropshipping nigeria entrepreneurship nigeria famous blogs in Nigeria federal govt jobs fiverr for nigerians freelance website in Nigeria freelancing in Nigeria get quick loan in nigeria how to make money online in nigeria internet banking Investment in nigeria liquidweb hosting loan apps in nigeria make money Make money cryptocurrency nigeria make money in Nigeria make money music nigeria make money online money making apps in Nigeria nigeria banks nnu real estate investment save money start a blog start dropshipping in Nigeria start freelancing in Nigeria Worldremit writing jobs in nigeria

Trending