Start waste col­lec­tion biz with zero cap­i­tal

Daily Trust - - BUSINESS - By Fran­cis Arinze Iloani

Many Nige­ri­ans who are des­per­ately look­ing for jobs seem obliv­i­ous of the huge wealth heaped in waste dumps across their neigh­bour­hoods.

This busi­ness idea is for in­di­vid­u­als who un­der­stand that there is dig­nity in any le­git­i­mate source of in­come and waste col­lec­tion is one of such busi­nesses that you can do and earn more money than civil ser­vants.

It is sim­ple. Col­lect re­cy­clables, store them and sell to re­cy­cling plants or ex­porters at ki­los.

How does it work? Start-up cap­i­tal:

You need zero cap­i­tal to start the busi­ness. All you need is your will power and strength.

As­sets for the busi­ness:

It is not cap­i­tal in­ten­sive. Cre­ate a space be­hind your home as your busi­ness premises. Search for used bags and hit the streets around your neigh­bour­hood in search of waste ma­te­ri­als that can be re­cy­cled and con­verted to wealth.

There are

Waste ma­te­ri­als:

sev­eral waste ma­te­ri­als that you can col­lect and make money from. But for a start, it is ad­vis­able that you cre­ate a niche for your self by fo­cus­ing on only one type. Look out for metal­lic ma­te­ri­als, poly­thene, cel­lophone, plas­tic ma­te­ri­als and so on. Col­lect pure water sa­chets, plas­tic bot­tles, soft poly bags, gro­cery bags and any metal.

Strat­egy:

There is no need for you to start go­ing from one waste dump to an­other, search­ing for re­cy­clables. There is a mod­ern way to go about it. Visit homes and col­lect their wastes for dis­posal at no cost. When you make some in­come from this busi­ness, pro­vide them with waste bas­kets and beg them to drop a par­tic­u­lar type of waste ma­te­ri­als for you. You can de­cide on plas­tic wastes as they are com­mon in homes.

A kilo­gram of poly­thene waste sells for an av­er­age of N50 in Lagos and slightly above in Abuja. If you make a 100 kilo­gram on daily ba­sis, it means that you make N5, 000 ev­ery day. By this pro­jec­tion, you make N150, 000 per month and N18 mil­lion per year.

You can grow fast in this busi­ness and make up to 1000kg daily if you hire peo­ple to as­sist you. You can also di­ver­sify into metal­lic wastes and make more money. You can also con­tact the As­so­ci­a­tion of Nige­rian Ex­porters and Nige­ri­ans Ex­port Pro­mo­tion Coun­cil (NEPC) for as­sis­tance on ex­port­ing di­rectly and the Bank of In­dus­try for credit fa­cil­ity to ex­pand the busi­ness.

Profit pro­jec­tions: Growth prospects:

A waste bin

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