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Opportunity in the Real Estate Business in a Developing Economy
OPPORTUNITIES ENTREPRENEURS CAN TAP INTO IN THE REAL ESTATE BUSINESS IN NIGERIA
Opportunity an Entrepreneur can tap into in the real Estate business of the Nigerian Economy are countless that one may begin to wonder while the unemployment rate in the country is still very high amidst the huge potentials in the real estate that can pull in millions of Naira into an entrepreneur banks account. However I would like to point out that it takes a lot of hard work to be able to harness and turn the huge potentials into money in the bank account. We shall closely examine the opportunities so as to enable you determine which area your strength is high.
1.)Facility Management
This is involves the taking up responsibility of both the cleaning, maintaining, and management of the facilities in the complex or the Estate. This includes maintanance of grasses and flowers, sweeping of estate, indoor and outdoor, and car park. With adequate financial muscle to undertake such business ventures, you can take it to the next level by hiring staff that can be doing the clearing and sweeping. Its a good business venture for one to key in. However,if you do not have enough capital, you can start on your own from the estate in your neighborhood. Maybe you start by rendering a free service to the estate in your neighborhood, then afterward their will be need to monetize it.
2.) Renting
Renting involves sourcing for both the property to Rent for the property owner and the client's to rent such properties to. It is a business that the Agent who perfected the rentage receives money from both the property owner and the client's. Renting is key aspect of Real Estate that people have taped into but it skill have the potential to roll in millions of money both in local and foreign currencies if properly harnessed. A lot of people have money and are looking for where to invest such money on especially what property to invest the money on.
3.) Brokerage/Agency
Brokerage/ Agency is the act of mediating between the property owner and the client's sources for such properties. It involves a whole lot of process that includes selling, renting and transferring of ownership of such properties between both parties.Its a business that the broker takes as much as 10% from both parties. In Nigeria for instant that has a housing need of about 18 million and with an assumed value of about 3 million for each housing. This translate into 564 trillion worth of business. imagine tapping into 1% of 564 Trillion. Do the Calculation yourself and find out what is your share of the market value.
4.) Recreation
Recreation activities are becoming prominent in Nigeria especially as some notable and active Governors are embarking on planting of flowers in their quest to beautify the states. This has become an active and potential real estate money spinning machine for
Brokerage/ Agency is the act of mediating between the property owner and the client's sources for such properties. It involves a whole lot of process that includes selling, renting and transferring of ownership of such properties between both parties.Its a business that the broker takes as much as 10% from both parties. In Nigeria for instant that has a housing need of about 18 million and with an assumed value of about 3 million for each housing. This translate into 564 trillion worth of business. imagine tapping into 1% of 564 Trillion. Do the Calculation yourself and find out what is your share of the market value.
4.) Recreation
Recreation activities are becoming prominent in Nigeria especially as some notable and active Governors are embarking on planting of flowers in their quest to beautify the states. This has become an active and potential real estate money spinning machine for
Recreation activities are becoming prominent in Nigeria especially as some notable and active Governors are embarking on planting of flowers in their quest to beautify the states. This has become an active and potential real estate money spinning machine for Entrepreneurs who can turn such beautification sites into an active recreational centers
5.) Material Production
Material Production is the process of producing material for the overall usage of Real Estate Development. Material that can be produced on a small scales bases are concrete blocks, granites, and sand etc. The raw materials can be source and negotiated for from local sources and supply at a profit to local contractors in the real estate business. It is a huge business with great market potential such that if properly harnessed will turn huge profit for the
5.) Material Production
Material Production is the process of producing material for the overall usage of Real Estate Development. Material that can be produced on a small scales bases are concrete blocks, granites, and sand etc. The raw materials can be source and negotiated for from local sources and supply at a profit to local contractors in the real estate business. It is a huge business with great market potential such that if properly harnessed will turn huge profit for the
Material Production is the process of producing material for the overall usage of Real Estate Development. Material that can be produced on a small scales bases are concrete blocks, granites, and sand etc. The raw materials can be source and negotiated for from local sources and supply at a profit to local contractors in the real estate business. It is a huge business with great market potential such that if properly harnessed will turn huge profit for the Entrepreneur. The good thing about it is that though its a little bit capital intensives,you have a huge market for it because developers needs it in their developmental project. The local material does the supply. All you need to do is to source for client's and also to ensure that the deal is sealed.
6.) Advertising Toll creation
Advertising Tool creation is like acting as an advertising agent to a property company that is also into property advertisement. Some real estate developer spend money on advertisement to let people know that they have range of properties. As an advertising toll creator, all you need to do is to source for other property developer who does not have such avenue to advertise their products. Negotiate with advertiser and place classified adverts for them. You can even buy a whole page at a subsidize rate and negotiate for classified adverts from the people that needs their properties to be advertised then spread their adverts in the page which you bought an make some profit for your self.
7,) Material Sales
Material Sales is to Material production what Agency is to property sales, rent and lease. What these means is that material sales is the act of selling the materials produced by the Material producer. The good thing also about it is that as a material seller,you are at the winning end in that you do not have to source for any raw material for any production rather than you source for client's that needs already produced material for their developmental projects. You make money from both the local manufacturer that is supplying the materials needed in building construction and also you make some cuts from the developer who needs the building materials. The materials that can be sourced includes on sands, cement and block, interlocking tiles,
8.) Advertising Agency
The advertising agency is like property agency or stock market agency. It all about mediating between the advertising company and persons that want to advertise their products using the platform of the company
9.) Facility Maintenance and Management
Facility maintenance and management is the process of maintaining and managing a property for the property owner. It involves a whole lot of cleaning, cutting of flowers, sweeping, waste management and even renting of a property on behalf of the owner. A lot of property owner are outside the shore of this country and cannot remain in this country in the name of looking after their various properties. They outsource such properties to competent real estate
6.) Advertising Toll creation
Advertising Tool creation is like acting as an advertising agent to a property company that is also into property advertisement. Some real estate developer spend money on advertisement to let people know that they have range of properties. As an advertising toll creator, all you need to do is to source for other property developer who does not have such avenue to advertise their products. Negotiate with advertiser and place classified adverts for them. You can even buy a whole page at a subsidize rate and negotiate for classified adverts from the people that needs their properties to be advertised then spread their adverts in the page which you bought an make some profit for your self.
7,) Material Sales
Material Sales is to Material production what Agency is to property sales, rent and lease. What these means is that material sales is the act of selling the materials produced by the Material producer. The good thing also about it is that as a material seller,you are at the winning end in that you do not have to source for any raw material for any production rather than you source for client's that needs already produced material for their developmental projects. You make money from both the local manufacturer that is supplying the materials needed in building construction and also you make some cuts from the developer who needs the building materials. The materials that can be sourced includes on sands, cement and block, interlocking tiles,
8.) Advertising Agency
The advertising agency is like property agency or stock market agency. It all about mediating between the advertising company and persons that want to advertise their products using the platform of the company
9.) Facility Maintenance and Management
Facility maintenance and management is the process of maintaining and managing a property for the property owner. It involves a whole lot of cleaning, cutting of flowers, sweeping, waste management and even renting of a property on behalf of the owner. A lot of property owner are outside the shore of this country and cannot remain in this country in the name of looking after their various properties. They outsource such properties to competent real estate
Advertising Tool creation is like acting as an advertising agent to a property company that is also into property advertisement. Some real estate developer spend money on advertisement to let people know that they have range of properties. As an advertising toll creator, all you need to do is to source for other property developer who does not have such avenue to advertise their products. Negotiate with advertiser and place classified adverts for them. You can even buy a whole page at a subsidize rate and negotiate for classified adverts from the people that needs their properties to be advertised then spread their adverts in the page which you bought an make some profit for your self.
7,) Material Sales
Material Sales is to Material production what Agency is to property sales, rent and lease. What these means is that material sales is the act of selling the materials produced by the Material producer. The good thing also about it is that as a material seller,you are at the winning end in that you do not have to source for any raw material for any production rather than you source for client's that needs already produced material for their developmental projects. You make money from both the local manufacturer that is supplying the materials needed in building construction and also you make some cuts from the developer who needs the building materials. The materials that can be sourced includes on sands, cement and block, interlocking tiles,
8.) Advertising Agency
The advertising agency is like property agency or stock market agency. It all about mediating between the advertising company and persons that want to advertise their products using the platform of the company
9.) Facility Maintenance and Management
Facility maintenance and management is the process of maintaining and managing a property for the property owner. It involves a whole lot of cleaning, cutting of flowers, sweeping, waste management and even renting of a property on behalf of the owner. A lot of property owner are outside the shore of this country and cannot remain in this country in the name of looking after their various properties. They outsource such properties to competent real estate
Material Sales is to Material production what Agency is to property sales, rent and lease. What these means is that material sales is the act of selling the materials produced by the Material producer. The good thing also about it is that as a material seller,you are at the winning end in that you do not have to source for any raw material for any production rather than you source for client's that needs already produced material for their developmental projects. You make money from both the local manufacturer that is supplying the materials needed in building construction and also you make some cuts from the developer who needs the building materials. The materials that can be sourced includes on sands, cement and block, interlocking tiles,
8.) Advertising Agency
The advertising agency is like property agency or stock market agency. It all about mediating between the advertising company and persons that want to advertise their products using the platform of the company
9.) Facility Maintenance and Management
Facility maintenance and management is the process of maintaining and managing a property for the property owner. It involves a whole lot of cleaning, cutting of flowers, sweeping, waste management and even renting of a property on behalf of the owner. A lot of property owner are outside the shore of this country and cannot remain in this country in the name of looking after their various properties. They outsource such properties to competent real estate
The advertising agency is like property agency or stock market agency. It all about mediating between the advertising company and persons that want to advertise their products using the platform of the company
9.) Facility Maintenance and Management
Facility maintenance and management is the process of maintaining and managing a property for the property owner. It involves a whole lot of cleaning, cutting of flowers, sweeping, waste management and even renting of a property on behalf of the owner. A lot of property owner are outside the shore of this country and cannot remain in this country in the name of looking after their various properties. They outsource such properties to competent real estate
Facility maintenance and management is the process of maintaining and managing a property for the property owner. It involves a whole lot of cleaning, cutting of flowers, sweeping, waste management and even renting of a property on behalf of the owner. A lot of property owner are outside the shore of this country and cannot remain in this country in the name of looking after their various properties. They outsource such properties to competent real estate entrepreneur for proper management and returns.
10.) Material Creation and Development
Material creation and development in almost the same thing with material production and material sales. The difference is that in material creation and development, the
10.) Material Creation and Development
Material creation and development in almost the same thing with material production and material sales. The difference is that in material creation and development, the
Material creation and development in almost the same thing with material production and material sales. The difference is that in material creation and development, the entrepreneur creates the material which acts as a raw material to what is being developed
11.) Capacity Development
In capacity development Human capital are being developed and outsources to real estate developers and other players in the industry. It involves the act of training and skill acquisition development of the man power needed in the industry. The trained personnel are deployed to various firms and construction sites where their services are needed and you get paid for it. These personnel are under your pay roll at an agreed fee whilst you deploy them to your client's that needs their services.
12.) Hospitality
As a real estate
11.) Capacity Development
In capacity development Human capital are being developed and outsources to real estate developers and other players in the industry. It involves the act of training and skill acquisition development of the man power needed in the industry. The trained personnel are deployed to various firms and construction sites where their services are needed and you get paid for it. These personnel are under your pay roll at an agreed fee whilst you deploy them to your client's that needs their services.
12.) Hospitality
As a real estate
In capacity development Human capital are being developed and outsources to real estate developers and other players in the industry. It involves the act of training and skill acquisition development of the man power needed in the industry. The trained personnel are deployed to various firms and construction sites where their services are needed and you get paid for it. These personnel are under your pay roll at an agreed fee whilst you deploy them to your client's that needs their services.
12.) Hospitality
As a real estate
As a real estate Entrepreneur you can also be relevant in event management by assisting event managers in outsourcing for convenient event centers that can be use for certain functions of theirs. Also you can rent a duplex or a building for a fee and use it as a a Guest House where people will come and lodge for a fee. The Hospitality industry has great potential and is still untapped in cities.
13.) Construction Management
As a real estate
13.) Construction Management
As a real estate
As a real estate entrepreneur you can be hire based on your experience as a resource person to oversee the construction of a building or any other related real estate project. As a construction manager, you oversee the supply of the construction material that are required for a particular project that is under construction
14.) Resellership
This is situation where as an
14.) Resellership
This is situation where as an
This is situation where as an entrepreneur who is loaded with the requisite capital, you can buy a particular property at a subsidised rate, renovate the property and reseller the property almost at the same time with reasonable profit.
15.) Professional Practices
16.) Mortgage
17.) Circulation Management
18.) Real Estate appraisalship
19.) Specialised skills
20.) Design approval
Design Approval are approval given to any engineering design project. Most approvals come from the town planning authorities. As a smart
15.) Professional Practices
16.) Mortgage
17.) Circulation Management
18.) Real Estate appraisalship
19.) Specialised skills
20.) Design approval
Design Approval are approval given to any engineering design project. Most approvals come from the town planning authorities. As a smart
Design Approval are approval given to any engineering design project. Most approvals come from the town planning authorities. As a smart entrepreneur you can facilitate the approval process of real estate designs and take home some cash while doing that.
21.) Co-operative Real Estate Management
Co-operatives Real Estate Management are group of people known as Co-operative society with the sole objective of investing in the real estate. As a creative
21.) Co-operative Real Estate Management
Co-operatives Real Estate Management are group of people known as Co-operative society with the sole objective of investing in the real estate. As a creative entrepreneur you can champion the creation of one in your area.
22.) Documentation
Documentation is a process of assisting or mediating in the paper work aspect of real estate development. It is a process where by
22.) Documentation
Documentation is a process of assisting or mediating in the paper work aspect of real estate development. It is a process where by
Documentation is a process of assisting or mediating in the paper work aspect of real estate development. It is a process where by entrepreneur assist in the paper work process like application for C of O, Tittle, Town planning approvals. This process could be tedious and requires competent person which experience in such field. As an entrepreneur you can specialise in that area.
23.) Real Estate Investment Club
Clubs are group of people that share the same values and objectives in life. As an
23.) Real Estate Investment Club
Clubs are group of people that share the same values and objectives in life. As an
Clubs are group of people that share the same values and objectives in life. As an Entrepreneur you can join or form real estate investment club where funds will be polled together for a particular investment objective in the real estate. The poll of funds in an investment club could be likened to the poll of fund in the capital market in the name of mutual funds. The polled fund is managed by professional and returns are made to the fund owners via dividend pay out.
24.) International Agent
As an international Real Estate Agent,you are saddled with the responsibility of sourcing for Real Estate outside the shores of your country. It is very lucrative in the sense that you get your cut in high currency. However this type of deal are meant for big players in the industry that has the requisite financial muscle to source for clients outside the shores of the country. However you can act as an international agent to foreign expatriates and conglomerate coming into the country. However you need a longer leg and divine favour to get such life changing deals.
25.) Mobile Homes
Mobile Homes is a form of Real Estate that is not common in the country. However its a money spinning machine when integrated properly. It is the act of providing Mobile Homes at specialized event centers and church crusade. People go for such programs stays for about one week without going home. A mobile home will make such people feel a home away from home. Its a temporary house with furnished where people pay a fee to sleep for hours, a nite, a day , a week as the case may be. After such events you can dismantle your home and move to another event center
In conclusion you will agree with me that opportunities in the Real Estate are countless. Regardless of whether there are start up capital or not. Choose at least any one of the opportunities mentioned above and give it a trial. Be proactive and pragmatic about it. Success will be surely yours. Remember me when those million starts coming in. Surely they will roll in like you have never imagined. Believe and it must surely come to past. For more on my blogs visit as follows.
24.) International Agent
As an international Real Estate Agent,you are saddled with the responsibility of sourcing for Real Estate outside the shores of your country. It is very lucrative in the sense that you get your cut in high currency. However this type of deal are meant for big players in the industry that has the requisite financial muscle to source for clients outside the shores of the country. However you can act as an international agent to foreign expatriates and conglomerate coming into the country. However you need a longer leg and divine favour to get such life changing deals.
25.) Mobile Homes
Mobile Homes is a form of Real Estate that is not common in the country. However its a money spinning machine when integrated properly. It is the act of providing Mobile Homes at specialized event centers and church crusade. People go for such programs stays for about one week without going home. A mobile home will make such people feel a home away from home. Its a temporary house with furnished where people pay a fee to sleep for hours, a nite, a day , a week as the case may be. After such events you can dismantle your home and move to another event center
In conclusion you will agree with me that opportunities in the Real Estate are countless. Regardless of whether there are start up capital or not. Choose at least any one of the opportunities mentioned above and give it a trial. Be proactive and pragmatic about it. Success will be surely yours. Remember me when those million starts coming in. Surely they will roll in like you have never imagined. Believe and it must surely come to past. For more on my blogs visit as follows.
As an international Real Estate Agent,you are saddled with the responsibility of sourcing for Real Estate outside the shores of your country. It is very lucrative in the sense that you get your cut in high currency. However this type of deal are meant for big players in the industry that has the requisite financial muscle to source for clients outside the shores of the country. However you can act as an international agent to foreign expatriates and conglomerate coming into the country. However you need a longer leg and divine favour to get such life changing deals.
25.) Mobile Homes
Mobile Homes is a form of Real Estate that is not common in the country. However its a money spinning machine when integrated properly. It is the act of providing Mobile Homes at specialized event centers and church crusade. People go for such programs stays for about one week without going home. A mobile home will make such people feel a home away from home. Its a temporary house with furnished where people pay a fee to sleep for hours, a nite, a day , a week as the case may be. After such events you can dismantle your home and move to another event center
In conclusion you will agree with me that opportunities in the Real Estate are countless. Regardless of whether there are start up capital or not. Choose at least any one of the opportunities mentioned above and give it a trial. Be proactive and pragmatic about it. Success will be surely yours. Remember me when those million starts coming in. Surely they will roll in like you have never imagined. Believe and it must surely come to past. For more on my blogs visit as follows.
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