Start waste collection biz with zero capital
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.
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.
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