Sports betting business is a huge profit business in Nigeria which is growing and will continue to grow because most sports lovers nowadays are no longer satisfied with just being fans of a football clubs alone; they also want to make money while watching their favourite clubs football matches.
According to Google's statistics, it is reviewed that Nigerians spends about 1.8 Billion Naira daily on sports betting; which is indeed a large profit for an underdeveloped business.
If you are willing and looking for a way to start your own sport betting company in Nigeria, and want to board the bus of others Sport Betting Money Makers like; Nairabet, Bet9ja, 1960bets, Merrybet etc, then the following steps are to be follow.
1. Register Your Sport Betting Company:
After several thought, and you are sure that you really want to establish a sports betting company in Nigeria, then you must first get your own sports betting business name registered and this can be done by visiting the nearest Corporate Affairs Commission (CAC). Normally, it would take up to two (2) weeks to register and obtain your certificate of incorporation. With this certificate, you will be able to open a corporate account for your sports betting company, and you can also apply and get your Tax Payers ID.
After several thought, and you are sure that you really want to establish a sports betting company in Nigeria, then you must first get your own sports betting business name registered and this can be done by visiting the nearest Corporate Affairs Commission (CAC). Normally, it would take up to two (2) weeks to register and obtain your certificate of incorporation. With this certificate, you will be able to open a corporate account for your sports betting company, and you can also apply and get your Tax Payers ID.
2. Apply and Acquire the Required License
Before you can be permitted to setup your own sports betting company in Nigeria, you will have to visit the National Lottery Commissions of Nigeria to apply and obtain a license. The National Lottery Commissions is the body that regulates the industry in Nigeria.
Before you can be permitted to setup your own sports betting company in Nigeria, you will have to visit the National Lottery Commissions of Nigeria to apply and obtain a license. The National Lottery Commissions is the body that regulates the industry in Nigeria.
3. Secure an Office
Before you can be issued a license to operate your own sports betting company in Nigeria, you must have a physical address (i.e an office where you operate from). Therefore, you must make it a point of duty to secure an office where people can easily have access to place their bets, claim their earnings, or lodge their complaints. The truth is that; you can only buy people’s trust if you have a standard betting office in Nigeria. So try and let your office speaks for you, and also try to locate it in a more secure and presentable environment.
4. Open Your Official Website
Before you can be issued a license to operate your own sports betting company in Nigeria, you must have a physical address (i.e an office where you operate from). Therefore, you must make it a point of duty to secure an office where people can easily have access to place their bets, claim their earnings, or lodge their complaints. The truth is that; you can only buy people’s trust if you have a standard betting office in Nigeria. So try and let your office speaks for you, and also try to locate it in a more secure and presentable environment.
4. Open Your Official Website
If you want your sports betting business to boom well in Nigeria, you must endeavor to have an official website for your company where people can easily visit, know how your sports betting company operates and be able to place betting too. The official website is an important tool in this line of business, because it is platform for you to showcase various daily winners, and other necessary information that you would want to pass across to your customers and the general public.
5. Create an Easy Betting Platform and Payments
The invention of internet has made so many things more easier, even the sports betting avenue unlike those days when you would need to visit an outlet before you can be able to place your bet. These days, it is easier to place your bet from your computer, android or even blackberry phones.
So as a sport betting company you need to create a secured and enabling platform where people can make use of their credits cards or other means to place their bets. It is certain that if your betting platform is been proven to be insecure, you are likely to lose more customers or even face the challenge of fraudulent from Internet hackers, this is why you must do all it takes to always make sure your payment platform is secure.
The invention of internet has made so many things more easier, even the sports betting avenue unlike those days when you would need to visit an outlet before you can be able to place your bet. These days, it is easier to place your bet from your computer, android or even blackberry phones.
So as a sport betting company you need to create a secured and enabling platform where people can make use of their credits cards or other means to place their bets. It is certain that if your betting platform is been proven to be insecure, you are likely to lose more customers or even face the challenge of fraudulent from Internet hackers, this is why you must do all it takes to always make sure your payment platform is secure.
6. Franchising
This is a process of Opening Multiples Outlets in Different Locations. The numbers of your sports betting company outlets will determines how reliable your company is and this will boost your profits.
Though it is expensive opening outlets in different part of town, but it worth it because most of the sports betting lovers in Nigeria prefer to physically visit betting offices to place their bets than doing it online. If you know you don’t have the potentials to open the required outlets in various locations, you can start with some key area like; Lagos, Ogun, Abuja and Ibadan, or you can sell/partner your franchise to potential investors.
This is one of the means of spreading your brand as a sport betting company.
This is a process of Opening Multiples Outlets in Different Locations. The numbers of your sports betting company outlets will determines how reliable your company is and this will boost your profits.
Though it is expensive opening outlets in different part of town, but it worth it because most of the sports betting lovers in Nigeria prefer to physically visit betting offices to place their bets than doing it online. If you know you don’t have the potentials to open the required outlets in various locations, you can start with some key area like; Lagos, Ogun, Abuja and Ibadan, or you can sell/partner your franchise to potential investors.
This is one of the means of spreading your brand as a sport betting company.
7. Promoting Your Sport Betting Company
If you are conversant with the sports betting industry in Nigeria, you would realize that there are quite a number of sports betting companies in Nigeria- especially in Lagos. So for you to make good success from your sport betting company, you must engage in continuous promotion of your sports betting company. Part of what you would have to do to promote your sports betting company is to sponsor sport programs on radio and TV station, Newspapers, you can also place adverts on Social Media, etc. Another way to promote your company is by offering better winning odds or paying the winners faster than your competitors.
Also don't just limit your sport betting company to football only, try to include other sports like virtual sports and binary trading which would make you earn money even when a particular sport is on break like the football season.
If you are conversant with the sports betting industry in Nigeria, you would realize that there are quite a number of sports betting companies in Nigeria- especially in Lagos. So for you to make good success from your sport betting company, you must engage in continuous promotion of your sports betting company. Part of what you would have to do to promote your sports betting company is to sponsor sport programs on radio and TV station, Newspapers, you can also place adverts on Social Media, etc. Another way to promote your company is by offering better winning odds or paying the winners faster than your competitors.
Also don't just limit your sport betting company to football only, try to include other sports like virtual sports and binary trading which would make you earn money even when a particular sport is on break like the football season.
Just like starting any other company in Nigeria, starting a sports betting company in Nigeria comes with its own challenges; it requires dedication and hard work to stay on top.
With this little article, i believe you have know what it takes to start your own sports betting busy in Nigeria. So get it started now.
For complete packed eBook on this business or other business like Mini Importation, Kindly drop your comments or call 08073322900 email: ashkoncepts@gmail.com
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Also read How you can make Money through Sport Beting in Nigeria.
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