If you’ve landed on this article page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
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How to start a Software Company in Nigeria
Software companies are in charge of creating, repairing,
maintaining software that will aid in accomplishing tasks.
Software companies in Nigeria is on the rise and people are
demanding for the services. Many sectors such as education,
banking, commerce, health, Small medium enterprises (SMEs) rely
on software products in order to make their services and
products more efficient.
Software companies make profits from commercial
activities like contract services, charging per transactions,
license fees, product sales or subscriptions, repairing system
errors, and more.
Software service companies are companies that offer software
related services to various organizations. Software service
companies are available on contract agreements or get paid after
completing certain tasks for clients. They also offer consulting
services to clients who needs their expertise
Procedure
The following procedures and guidelines are to be strictly
adhered to if you want to start a software company in Nigeria:
Select a niche
Before venturing into the software industry, you will need to
determine the category of the software company that you want to
establish, you will decide on whether you want it to be a
software service company or a software product company.
Develop a business plan
Hire and train employees
In a software developing company, you will need the services of
various employees or teams such as Software developers,
Accountants, Marketers, Project managers or supervisors,
Programmers, Hard ware engineers, Office assistants
Personnel can be gotten through, Posting about the vacancy on
your website and across any social media or email marketing
channels
Asking your business network, as well as friends and family if
they know anyone suitable
Adding the vacancy to general recruitment websites
Advertising the vacancy in industry trade media or local
newspapers
Market and promote your business
Marketing is all about the strategies and means of raising
awareness for a product or service. When running a software
company, you must ensure that you employ certain means in order
to promote your business and attract customers to patronize your
product. These are some of the marketing ideas and strategies
that you can adopt for your software company
As a business owner, you can also contact clients individually
and approach them with the services you offer. Another sales
strategy is through referrals, after performing an excellent
service to your company, you can ask your clients to refer you
to an individual or a company that will also require your
services.
Launch your business and maintain your reputation
After all the above steps have been taken, the final step to
take is to launch the business and maintain a good reputation
with customers by delivering excellent services. You must ensure
that your services are appealing to the general public in order
to build a good reputation for your software company
The first follows the startup path we talked about earlier: You
have a disruptive idea for an app or piece of software, you
validate the idea with real customers, and then raise money to
hire developers or a development studio to build, launch, and
scale your software. If you’ve done everything right, your
software will be accepted to the Apple and Google Stores and
you’ll make money every time someone downloads it or pays for a
premium feature.
software
The second (and cheaper) path assumes that you have the design
and dev chops yourself to build your dream SW. Naturally, it’ll
take more time to get your product off the ground, but being
able to bootstrap the development of your SW lets you retain
more ownership in your business and be more in control of your
path, making this a lower-cost, but higher time investment to
make money selling apps.
If you’re willing to take the time to learn the development
skills necessary to build high-quality software products (or
even MVPs to help you get funding), there’s a growing roster of
reputable online learning platforms like Treehouse, CodeAcademy,
and Skillcrush to get you the skills you need.
A software company in Nigeria can be profitable with the right
set-up and system of operation. Entrepreneurs in this industry
can create wealth by offering services or creating innovative
software products that will change the face of African-based
technology.
Tech-savvy individuals in Nigeria who take advantage of the
numerous business opportunities in the software industry by
setting up a software company will benefit from the rising
global and domestic demands for software solutions.
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