Training is a line of business one can start without much capital because the requirement for the training is obtained when the scope of training is defined and agreed upon.
Training is an activity aimed at communicating information, knowledge and skills to an individual or group of individuals to improve their capacity, capability, productivity and performance. The trainee or company having identified gaps in knowledge and skills seeks the help of a trainee who provides the training exercise to the trainee to update and upgrade him. This can be done using the following techniques:
- Classroom or Instructor-Led Training
- On the job Training
- Hands-On Training(e.g. Coaching)
- Computer-Based Training (Multimedia, CDs, etc)
- Online or E-Learning(Web-based training, Audio conferencing, videoconferencing, etc)
It can be done full time for people who are not working and duration as agreed with the trainee may be 1 day, 2 days, etc and is usually stated in the training schedule.
Where the money is
Do you know that you can actually train people on what you’re good at doing. The first step is to become an expertise in your area of interest. Considering the fact that agriculture is one of the sectors of Nigerian economy with large potential to provide more than 1million jobs yearly, your knowledge and skills in fish farming can be monetized by creating an avenue where newbies are coached and trained on the job. You can also provide Agribusiness training on farming, fishing, livestock and horticultural sectors for a fee.
Are you a professional accountant, you can package one or two areas of accounting profession that small businesses need and provide training to their staff and individual who want to upgrade their qualification. Any profession can offer special skills as there is always a market for that. Examples of such skills include social media marketing, internet marketing, search engine marketing, digital marketing, engineering drawing etc. For the purpose of this article, the saying ‘’If you got it, flaunt it’’ can be modified to ‘’If you’re good at it, Share it or Monetize it’’. During my service year, some corpers made money from their colleagues from training.
What do you need to start this business?
- Experience:- You must have a good understanding of what you offer to your trainees and also be an expertise in that field
- Packaging- You must package yourself and your services very well
- Projector/screen
- Public address system
- Generator in-case of power failure
- Training room
How to start?
You can start with hired equipments by making an advance payment and remitting the balance at the end of the programme..
With this system you may not need any capital to start the training, therefore the most valuable asset is the idea you’re selling.
This business can be done by anybody whether student or graduate or working class.
Do you have an idea to sell? Follow www.smesmedia.com. We would help you in everything you need to get started.
How much do you charge?
How much you charge depends on the target market and the training techniques.
How do I get customers/trainees?
- Marketing:- You must market your business, it is a must. Prospect for new clients through your website search engine optimization, social media, run classified advert if necessary, and cold calling
- Word of mouth: – tell friends and relatives, your church members and associations. Attend trade shows and distribute your business cards.
- Distribute and share fliers.
- Run free training if possible.
Remember, none of our business publication is a get rich quick scheme. The only thing that can debar one from making a consistent income from any of our business publications is not taking action.
Still pondering……………. what you are good at?…………………Start now !!!
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