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I want to show you how much you can earn with POSI Farm with $1,000 investment. So, let’s go…
POSI is a native token from Position Exchange – a decentralized derivatives trading protocol. POSI has two LP farms currently. It hopes to increase the number of farms soon. But I’m going to analyze the current 2 farms for you.
I want to show you how much is possible with $1,000 in POSI Farm. The $1,000 is not a limit, and not a minimum either. If you want to earn better with POSI farm, the more you invest the better.
You can see total locked value. This is huge. Also, POSI currently has more than 300,000 holders. They are currently targeting 5 million by December. The current token price is around $5.5 per POSI.
Although POSI has 100 million total Supply, the circulating Supply is still around 6 million. For those who just buy and hold, the RFI will still give you some POSI tokens from 1% of all transactions.
The first POSI pool I will talk about is the POSI-BUSD pool.
️The speed is times 2 ️The reward is in POSI ️APR is currently at (884.83) – expect it to fluctuate. But that’s the highest APR you can get from any solid project like POSI. ️No deposit fee required ️Harvest lock up is only for the first 8 hours
1 Day Earning – is about 2.42% or 4.35 POSI per day without compounding. Note that the percentage and earning fluctuates as well with the APR rate. If APR goes up the earning percentage goes up. If it goes down, the pay go down as well.
7 Days Earning – is about 18.25% or 32.78 POSI per week with compounding.
30 Days Earning – is about 105% or 189.30 POSI per month. Note that this calculation is done with compounding earnings. If you are not compounding your earnings will be a little less than this.
365 Days Earning – is about 638,523.63% or 1,124,913.84 POSI per year with compounding interest. At the current POSI rate that’s $6,384,417.67
The second POSI pool I will talk about is the POSI-BNB pool.
️The speed is times 1.4 ️The reward is in POSI ️APR is currently at (873.2 ) – expect it to fluctuate. But that’s the highest APR you can get from any solid project like POSI. ️No deposit fee required ️Harvest lock up is only for the first 10 hours
1 Day Earning – is about 2.39% or 4.36POSI per day without compounding. Note that the percentage and earning fluctuates as well with the APR rate. If APR goes up the earning percentage goes up. If it goes down, the pay go down as well.
7 Days Earning – is about 18% or 32.34 POSI per week with compounding.
30 Days Earning – is about 103.24% or 185.54 POSI per month. Note that this calculation is done with compounding earnings. If you are not compounding.
365 Days Earning – is about 559,138.45% or 1,004,828.78 POSI per year with compounding interest. At the current POSI rate that’s $5,591,420.43
Finally, you have to do you own research (DYOR). Okay guys thanks for watching, and join me and invest in POSI farms. If you have any question drop it in the comment box.
To swap, stake or farm POSI Token, copy Link below, paste in your TrustWallet or Metamask DAPP to connect to Position Exchange:
If you are new in crypto, you may not fully know the huge potential of opportunities as presented by Position Exchange. But let me explain it briefly for you.
✅ What’s Position Exchange?
It’s simply a decentralized exchange. Which means you can trade any type of crypto on Position Exchange. You can see it as Binance of decentralized exchange. That means you don’t need to buy your cryptos from other exchanges like PancakeSwap anymore.
✅ What’s POSI Token?
POSI is a native token of Position Exchange ecosystem. You start your investment in Position Exchange by owing some POSI token. There’s no minimum of POSI you can own. Buy as much as you can afford.
✅ Brief Facts About POSI Token
🔹️It has only 100 million tokens in total
🔹️Less than 15% of it is currently in circulation (in September 5th, 2021)
🔹️The current price is around $7.4 (in September 5th, 2021)
🔹️It’s just 5 weeks old (in September 5th, 2021)
✅ How Do You Buy POSI?
POSI is available option buy on Position Exchange app. You can use the link provided here to buy POSI token with either your Traustwallet or Metamask wallet. You can also buy POSI on Lbank exchange and other exchanges that will soon be listing POSI.
POSI is also available from PancakeSwap. But the best place I recommend you buy POSI is on Position ex hanger app. Use link.
✅ Steps to Buy POSI Token On Position Exchange
🔹️Click on the POSI link to connect with your wallet, or copy and paste into your DApp browser
🔹️Select bsc Smart chain network
🔹️Connect your wallet address with the App
🔹️Click on the Menu icon
🔹️Enter the number of POSI you want to buy below
🔹️Above select the token you want to use in payment
🔹️Click on swap
🔹️Verify your order and confirm
🔹️Confirm to Make network payment
✅ How Do You Earn Money With POSI?
Position Exchange provides several products in its ecosystem that can earn you more POSI. Here are a few operational ones.
🔹️POSI Staking Pool
🔹️POSI LP Farm
🔹️POSI NFT Pool
🔹️POSI NFT Marketplace
🔹️POSI Derivatives Trading Protocol
Each of the products has daily earning power for your POSI. You can earn up to 1,000% APR from your POSI token depending on the pool you choose to invest your POSI.
Once you follow the process to stake your POSI in any of the pools available on the App you will start earning more POSI immediately. And you can harvest your earnings, sell it and send the money to your bank account.
✅ Steps to Earn More POSI
🔹️click on the menu icon
🔹️Select the pool you want to invest your POSI token
🔹️options to choose from (Pool, Farm, NFT and Trading)
🔹️For single Pool, select pool, approve POSI Staking, enter POSI to stake and stake it
🔹️For Farm, select Farm, approve POSI farm, create LP token pair (see how to create LP token), add your LP and start farming
🔹️For NFT Pool, buy your NFT, approve POSI NFT, select NFT and stake
You can watch the following videos to help you understand some of the processes to invest your POSI in the pools.
As a new Decentralized Trading Protocol, Position Exchange is powered by a vAMM and operating on Binance Smart Chain. The exchange is aiming to bridge the gap between investors and the cryptocurrency markets, by enhancing trading experiences.
Position Exchange is offering crypto investors an easy, cheaper and accessible option in Derivatives Trading. Users can trade Crypto Derivatives products transparently, with high security, and privacy. The plan includes expanding into other assets in the future.
Moreover, Position Exchange platform is designed to deliver all the advantages of Decentralized Finance, and bringing the traditional Centralized Finance experience and tools onboard. Some of these benefits include, high leverage, low slippage, and low costs, as well as limit orders. It’s also solving the liquidity issue using the vAMM.
Position Exchange platform is designed to be user-friendly, with an attractive interface that allows traders of all kinds to trade with ease.
✅ What’s POSI Token?
The platform is also empowered by the POSI token, its native deflationary utility token, which is the backbone of its Ecosystem.
POSI holders can benefit from these multiple advantages, while using POSI in the different developed features. POSI holders can use this utility token for Staking, Farming, and can Cast NFTs that grows with their POSI balance, as well as participate in Position Exchange’s governance that shapes its future operations and growth.
There are 4 main features for investors in Position Exchange app. Here’s the list and possible returns they can help investors achieve with their POSI tokens.
🔹️POSI Staking Pool
🔹️POSI Liquidity Farming Pool
🔹️POSI NFT Pool
🔹️POSI Derivatives Trading Protocol
✅ How to Buy POSI Token on Position Exchange
The best place to buy POSI token is on Position Exchange app. Although, POSI token is also available on other exchanges like PancakeSwap, it’s still better buying it from Position Exchange app.
You can link any wallet of your choice to buy POSI from Position Exchange. The preferred wallets includes Trustwallet and Metamask.
To setup the POSI wallet on Trustwallet or Metamask you will need the following details. Moreover, POSI wallet may already exist on these wallets. You can do a search with the POSI contract address.
After setting up your POSI wallet address on Trustwallet or Metamask, you can proceed to buy your POSI Token. The best two places to buy POSI tokens for now are PancakeSwap and Position Exchange.
I recommend you buy from Position Exchange using the link below. The reason is very simple.
🔹️It’s POSI token native exchange
🔹️It’s user friendly as well
🔹️The slippage rate is set automatically at 2%
🔹️You can swap to POSI Token using any of the other tokens available on the app
✅ Step-By-Step Process to Buy POSI
It’s simple to buy POSI from Position Exchange. One of the experience you would have on Position Exchange is the sweet user interface. It makes it all simple and easy to use any feature on the app.
To buy POSI or even any other token, or to swap your other tokens back to POSI or BNB or BUSD, works so effortlessly. Here is a clue of how simple the steps are:
🔹️Open the Position Exchange app
🔹️Select Exchange in the menu
🔹️Choose the pair you will be using to pay or swap
🔹️Enter amount you are paying to buy or swap
🔹️Select the pair you are buying or swapping
🔹️Click on Swap Button
🔹️Check the details of the Confirmation page
🔹️Click CONFIRM SWAP
🔹️Then Confirm Payment
Staking is one of the ways of earning consistent income daily from crypto investment. Position Exchange provides its platform to crypto staking. Staking POSI, which is the native token for Position Exchange is very lucrative.
You can earn an APR of over 500% for staking POSI Token. An average monthly earning from POSI staking pool is around 40 to 60%. An amazing return for your investment.
✅ What’s Crypto Staking?
Staking in crypto is the process of participating in transaction validation. With a minimum required amount of balance of a particular token, you can validate transaction and earn staking rewards.
There’s huge potential in staking crypto. It’s one of the easiest and lower risk crypto investment, with higher yield as well.
✅ How to Start Staking POSI Token
Staking POSI is very simple. All you need is the right amount of POSI Token. Although, Position Exchange doesn’t demand a minimum amount of tokens you can stake, but staking little amount of POSI tokens would simply means paying high network fees for little benefits.
However, a $100 POSI stake can give you the right start in POSI pool. Following the calculator for staking rewards on Position Exchange website, you can explore what your returns would be from $100 staking power.
To stake in POSI pool just click or copy this link and paste in your DApp browser to access Position Exchange website. iPhone users may need to connect POSI site through Apple native browser.
✅ Step-By-Step Process To Stake POSI
🔹️Go to POSI WEBSITE (copy the website link and paste in your wallet DApp browser)
🔹️Choose your preferred pool in the pool section
🔹️Unlock your wallet (This would require small network fee to unlock)
🔹️Enter the amount of POSI tokens you want to stake
🔹️Click on Stake
🔹️And your stake will be activated immediately
Liquidity Pool is the biggest revenue earner in crypto investment. If you are looking for high return on investment, then think crypto liquidity Pool.
✅ What’s Liquidity Pool?
A liquidity pool is a market maker that provides liquidity for trading crypto that helps to prevent large price swings. It helps to control how market prices react with a particular asset.
✅ How Liquidity Pools Make Money
One sure way to earn from liquidity pool is a cut of the transaction fees. These fees are distributed among all the liquidity providers in a particular pool. The more crypto LP assets you stake in a pool, the more you will earn from it.
Another way to also earn from a liquidity pool is through rewards. Some liquidity pool offers incentives to encourage investors to farm in its pool. These incentives are also shared proportionately to the amount of assets you have in the farming pool.
✅ What’s POSI Liquidity Pool?
POSI liquidity pool is an investment that guarantees POSI holders high yield returns on their POSI LP token in POSI liquidity pool. POSI liquidity pool comprises of the pair of POSI and other tokens like, POSI-BUSD and POSI-BNB pairs.
The POSI liquidity farm is a very profitable pool for investors to earn more from their tiny investment. It provide a high yield returns daily, weekly, monthly and annually.
With as little as $10 you can stake your LP token in POSI liquidity pool. This pool supports low startup. But staking the right kind of amount may help cover for fees and give you better return on your investment.
Also, the higher the amount you stake the higher your yield. The right minimum recommended should be $100. While a good liquidity pool investment for optimum returns should be around $1,000 POSI LP token.
POSI is a native token of Position Exchange platform.
To farm in POSI liquidity pool you will need POSI LP token. PODI LP token are created in pair of POSI-BUSD and POSI-BNB. You can create POSI LP pair token easily with POSITION EXCHANGE app.
✅ How to Farm POSI Liquidity Pool
Copy this link here and pate it in your Trustwallet or Metamask DAPP browser and connect to your wallet to begin transaction. Click here to watch the video on how to create POSI LP token.
Note: An LP token is not a different token you have to buy. It’s just a pair of two supported token in the POSI liquidity pool. POSI allows you to pair the following tokens in its liquidity pool.
The process of creating this LP token is also simplified by Position Exchange. Position Exchange makes it all easier to create supported LP Token pairs with POSI token.
🔹️Click on DETAILS below any of the POSI LP pair
🔹️Select POSI-BUSD or POSI-BNB LP (depending on the pair you choose)
🔹️Enter the amount for each token in the pair (both monetary values must be equal)
🔹️Click on APPROVE POSI
🔹️PAY NETWORK FEE
POSI Compound Yield
What Is POSI Compound Yield. If you are staking or farming POSI token, you can earn more by using the POSI compound yield formula. Let me show you how this works and how you can make it work best for you.
The first step to achieving compound earning with POSI token is buying more. The right minimum amount to invest is $1,000, but you can start with $500 and grow it over time. However, if you have less than any of this amount I mentioned, you can also compound your POSI yield but the frequency won’t be like those of $500 or $1,000.
How POSI Compound Yield Work
If you know what POSI earnings means you will also know how POSI compound yield work. POSI Compound Yield simply means reinvesting your POSI stake or farm earnings to yield more for you.
You earn POSI compound yield when you reinvest your POSI earnings. It’s like compound interest. The idea is just to increase your pool value by reinvesting your pool earnings to enable you earn more from the pool.
If you have 100 POSI in a pool that earns you 5 POSI daily, and you wish to reinvest it that would increase your pool value from 100 to 105 POSI. It will also compound you pool earning from the additional 5 tokens.
POSI Compound Yield Frequency
To decide how to compound your POSI earnings you must know what you earn daily, weekly and monthly. And since POSI earning is directly proportionate to your POSI stake in the pool, you can know what you earn by what you have in the pool or hope to have in the pool.
How much do you have in the pool? How much do you earn daily, weekly or monthly? What’s the network fee chargeable when reinvesting POSI? What’s that cost in relation to how much you are compounding?
So, if your frequency in a month is more, your compound yield in that month will also increase. Imagine what a daily frequency compound yield would be like. But that’s only possible based on your initial pool value and cost implication of reinvesting your earnings daily.
If you want to earn regularly from crypto, you can do that effortlessly from Position Exchange. You can start now by copying the link embedded below start earning amazing income from Position Exchange.
Let me know your views on Position Exchange earnings. And if you have any question or need clarity on any issue concerning POSI token, just drop a comment and I will be glad to answer it.
Packaged water business is very lucrative. That’s why there are many water business around now. But you can create a packaged water targeted at certain markets like party and events markets. If you create your water products for specific audience you will win
Water is one of the most vital elements of life. We drink it among a variety of other uses. A majority, about 65% of our body is made up of water. The brain is a vital organ in humans and is also made up of water.
Packaged water production involves the acquiring, purifying and packaging of this vital element called water. It’s a very lucrative business as everyone drinks water five to ten times a day.
Since the advert of satchel water, 90% of Nigerians buy packaged water everyday. It’s one business that can target everybody and every market. Do you wonder how Eva, Nestle, Pax, RevUp waters are being sold all over the country?
The demand for water is high and not many brands understand how to tap into the huge packaged water business. However, in this article I will be showing how to start packaged water now more profitable than existing competitors.
✅ Is Packaged Water Business Profitable?
Packaged water production business is profitable like many businesses. However, it has some challenges like many other businesses. These challenges are not so huge but if not taken care of, they can cost the life of the business.
There is good demand for sachet and bottled water because they are affordable means to get pure water. And since more people are getting concerned about their health, they would seek out pure water to drink.
Because water is in continuous demand, competition would not put you out of business, as long as you have your target.
You need a business plan before starting this business and you need education.
You would need to recruit people for help. An installer for example would install your equipment for you. Get a good one. They would also advise on what other machine you need.
You need to know how to run the equipment by yourself when the installer leaves so stay with them through the process and ask questions.
✅ How Packaged Water Business Works
Water can be packaged in sachets and bottles. The production processes are similar and only differ in the packaging.
🔹️How to start a packaged water production company in Nigeria
Learn the business
🔹️Know the authorities over packaged water production, regulations, how the business works and how to handle the business and all that you need to know.
🔹️Know what you should know. This is a key step if you want to start this business.
Get a Building
You can get a building on lease or build your building. It all depends on your budget. The price varies with location. It would be more expensive than in some areas than some other areas.
It should have a fence to keep out unnecessary traffic within the company.
Do not rush while picking your business name. The idea of a business name might not come easily. Coupled with the fact that there is a great number of businesses already registered in Nigeria.
After getting a unique name, register your business with the CAC – Corporate Affairs Commission.
Business registration does not only make your business secured but also allows you to lawfully own and run your business.
Tax number and NAFDAC registration
You can get your tax identification number from a revenue office so you can hand out your tax when it is due. There is no way around this if you want to be a law-abiding citizen of Nigeria. It may lead to avoidable issues with the government if your business does not have one.
Like every other food item consumed, packaged water must be inspected and approved by NAFDAC. It is important and failure to do this may lead to a company being closed down by the government. Get your company registered under NAFDAC.
✅ Constructing a Water Borehole
A borehole provides you with clean water throughout the year, even during the dry season and at any time you need it.
The price of drilling a borehole largely depends on the soil’s quality and the location.
🔹️Have an Overhead Tank
To store water, you need an overhead tank. Plastic storage is better than a metal one because a metal tank rusts over time, cutting its life short.
🔹️Water Purification System
Even if the water looks clean, it must still be treated. The rules guarding packaged water production and distribution are against selling out untreated water.
🔹️There are 2 kinds of water purification systems:
● Ultraviolet build system
● Reverse osmosis distillation system
The reverse osmosis distillation system is said to be the most effective but is also the most expensive. The Ultraviolet build system also works efficiently and is not as expensive.
Automatic Sealing Machine
The sealing machine you get would increase your rate of production. This is why an automatic one is more recommended than a manual one.
The type and capacity of the automatic sealing machine you get would influence the number of seals that can be done and your overall production. Some can produce as much as 20,000 seals every 8 hours.
Source of Stable Electricity
As light is unstable in many parts of Nigeria, it is wise to have a generator that can power all your machines so that your working time is not hindered. This means that fuel has to be made available to power the generator.
Packaging and Distribution
The way your product is packaged is the first thing consumers would notice and also, the durability of the package. The package can either be polythene sachets as in sachet water or bottles as in bottled water.
The package should show the name of the business boldly with the words well spelt. The packaging should keep the products together and withstand the movements it would face during the distribution process.
Remember, your brand matters a lot, it answers whether or not people would trust you with their health and life.
Quality Checks and Balances
Retain the quality of your water. There should be a system put in place to check that the quality of water does not reduce. This would not only jeopardize your brand but also make you lose the trust of consumers.
Retaining the water’s quality would keep your customers with you, causing your gain to increase, not decrease.
Get feedback from distributors and consumers to find out if there’s something you’re not doing right or if there’s a decline in quality.
Regular Maintenance of Machines
The machines used should be given due maintenance to keep them working at a top-notch rate so that your production is not affected.
Construct Security Fencing
Like I earlier mentioned, the factory building should be sealed by a fence. Also, security guards should be made available to keep the building and equipment safe, preventing loss.
✅ Packaged Water Production Business Plan
A packaged water production business plan is necessary to get you started on all that your business should be about. It is useful if you want to apply for grants or loans from banks.
It should include the following headings: an executive summary, a business description, definition of the market, product description, organization structure, financial management and conclusion.
✅ Packaged Water Regulation
Packaged water production is regulated by NAFDAC in Nigeria. They assess the water you produce and the equipment you use to check if it is safe to be consumed by living, breathing human beings. And animals too.
A NAFDAC number on your products certifies you and gives you the trust of your consumers.
Starting Costs on Small Scale
The following are estimated prices that make up the starting cost:
● Automatic sealing machine – N350,000 – N450,000
● Drilling the borehole – N300,000 – N400,000 (depends on your location and the soil type)
● Truck for distribution – N1,000,000 – N 2,000,000
● Distilling machine – N5,000,000 – N7,000,000
● Generator – the cost depends on the size and model.
● Business registration – varies depending on the kind of business registration.
● Factory building – depends on the location.
✅ Packaged Water Production Process
Water, which is the main raw material involved in packaged water production, goes through the purification processes to ensure that it is clean and pure following NAFDAC approved standards. Afterwards, it passes through the various machines which fill it into bottles or sachets, is sealed and then packaged.
✅ Plan Your Marketing Process
Study the market. Check for how things are done, the prices, the time other pure water factories go around with their packets of water and use it to your advantage. For example, do they sell at N99? Remove N1 from it and sell yours at N98. It may not look like much but when bought in bulk, the difference would show.
Also, take your packets of water around earlier than others. Some water factories drop their products as early as 4 am. Think of different packaging to brand your water and attract certain target markets.
Like a new driver joins a busy road for the first time, so also do. Do not let fear prevent you from infiltrating the market. Do it despite the fear.
Water is life that’s why it sells faster. If you are looking for daily income business, packaged water business is one of them. You can start wisely by producing special packaged water water for hotels, restaurants and events to grow your business from small scale, before targeting a larger consumer market.
Would you like to start your packaged water production company Do you have questions? Let’s have a chat in the comments.
Sheep farming business is an enterprise that not only provides meat, milk and fur but also improves the health of its consumers.
Sheep is one of the major sources of meat in Nigeria. Many homes include meat in their foods. This and its many benefits and taste places it in high demand.
Sheep meat is a source of protein, healthy fats, iron, phosphorus, selenium, potassium, vitamin B, vitamin K and many other minerals and vitamins.
Sheep is in high demand in Nigeria. During festive seasons, Muslim festive seasons, in particular, the demand for rams increase on a massive scale. Just some days ago during the Sallah season where the roads were busier because rams were being displayed and sold by the roadsides, the prices of rams went up in this period.
The females, ewes are usually kept for breeding while the male, rams are usually reared to be sold.
Why Start a Sheep Farming Business?
Why should you start a sheep farming business in Nigeria? Sheep stay together in a flock. Sheep rearing is easy and they are easy to manage since they stay together and you do not have to run around chasing stray sheep.
They reach maturation early. Ewes attain maturity at about 6-8 months of age. It takes rams 10-12 months to grow and enter full maturity.
The cost of catering for sheep is not overwhelming. Vaccinations, good feed, clean water, a clean environment and exercise would keep them in good health.
Sheep are resistant to certain diseases. The west African dwarf breed, for example, shows resistance to sleeping sickness.
However, they need to be vaccinated against diseases that affect them. An example is Rinderpest. These vaccines are cheap and do not take up a large part of necessary expenses.
How Much You Require to Start
The amount required to start a sheep farming business should cover the land and housing, sheep, feed, feeding equipment and so on.
It depends on how many sheep you are starting with. And how big you’re starting.
A female sheep costs around N15000-N20000 and a male costs about N20000-N25000.
Starting with 2 ewes and a ram would mean spending 50000 -65000 naira to get the sheep. Housing costs would reduce if you already have land or space that can be converted to a sheep house.
How Much Can You Earn?
The price of sheep in Nigeria ranges from N40000-N80000. The selling price differs with breed and size.
The price can increase during Muslim celebrations, like Sallah for example.
How to Build Sheep House
Sheep cannot stand being wet, therefore, they need shelter, a house that is well ventilated and keeps them from the rain and direct contact with the sun and other elements of nature.
A rectangular house with an open side covered with fencing net to allow for ventilation, keep the sheep together and prevent thieves from entry.
The pen should be 2-3 meters in height with an overhang of about 1 meter at least.
The grazing area where the sheep feed should be fenced to prevent a sheep from wandering away like the biblical lost sheep.
The Best Foods for Sheep
● Maize chaff
● Wheat offal
● Haulms (stalks or stems of crops)
● Groundnut cake
Sheep need constant feed and water. There is no measured amount of food that they should have but there is a known need for constant feed and water, clean water which should be made available at all times. The water should be checked and refilled when it is finished or poured out by the sheep.
Profitable Sheep Breeds to Farm
There are four common breeds of sheep for sheep farming business in Nigeria: the Uda, Balami, Yankasa, and the West African dwarf breeds.
Each sheep breed is said to thrive when they are reared in their place of origin or somewhere with similar weather and climate to where they originate from than in a different place. This means that if a sheep originates from Oyo state, it can thrive if it is reared in Osun state.
In addition to the four common sheep breeds found in Nigeria, there is the Sudanese breed which originates from Sudan.
They have large drooping ears. The rams have large spiral horns which are usually not found in the ewes.
This breed is found predominantly in the Sahel-Sudan vegetation zone and the northwest part of Nigeria. The colour of the coat can be brown or black from its forehead to its midsection while the posterior end is white.
The Uda breed is known to thrive in a hot and dry climate and performs much less in a different climate. It has a good adaptation to grazing extensively.
At maturity, ewes weigh 35-45 kg while rams weigh 45-55 kg.
Is commonly found in the northeast region of Nigeria. Are tall. Have droopy large ears. They have prominent horns which are usually absent in females. Their tails are long and they are hairy and have a white coat of fur all over, unlike the Uda breed. They have a dewlap skin fold around their neck.
This breed of sheep is typically found in the northern part of Nigeria. They are smaller in size than Uda and Balami breeds. The colour of their coat can be brown, white, or spotted with black or white.
The Yankasa breed has a white coat that has black patches around the ears, eyes, feet and muzzle.
The rams have a hairy mane and horns which are curved. At maturity, ewes weigh 25-40 kg while the rams weigh 35-50 kg.
West African Dwarf Breed
Are much smaller than the other breeds. They are found in the southern part of Nigeria.
The colour of their coat ranges from black, brown, white or white-spotted with brown or black. This breed is said to show resistance to trypanosomiasis– sleeping sickness.
At maturity, ewes weigh about 20-25 kg while rams weigh about 25-30 kg.
These are imported breeds from Sudan. Have short horns and can be without horns, but large and have a large tail. They produce milk in large amounts.
The Best Time for Breeding
Ewes are mature at about 6-8 months of age. Rams enter full maturity at about 10-12 months.
The best time for breeding is when the ram and ewe have both reached maturity.
Sheep have a gestation period that spans approximately 147 days.
The heat period lasts for 17-18 days. They give birth to 1-2 lambs per birth (also called lambing) and are capable of producing 3 young ones but rarely do so.
For optimal breeding performance, it is advised to have sheep and rams in the ratio of 7:1 or 10:1. You can start with a sheep and a ram if you have a lower budget.
To keep them healthy, sheep should be dewormed 3 times a year at least. The sheep should also be vaccinated against the disease called Peste des Petits Ruminants (PPR) every year.
With sheep in high demand, more sheep farmers are summoned for. Would you like to be involved in the lucrative business of rearing sheep in Nigeria?
Let me know in the comments your answer and your questions.
Learn more on how to start a sheep farming business, roll up your sleeves and build your business.
A mini LPG depot is the solution to LPG distribution problem facing the country. According to statistics, Nigeria is having LPG supply problems, which is a result of limited storage facilities that is closer to most states in Nigeria.
Imagine that almost all the states in the west gets their supply from Lagos – including the North. Other locations where there’s LPG depots are Port Harcourt, Benin, Warri, Calabar and Akwa Ibom. Most these are coastal lines, since the supplies are done through ship. In the entire eastern and northern states, there no single LPG depot.
If you are thinking of an LPG investment that’s super profitable then you should be looking at mini LPG depot. The market potential is huge, and it can be conceptualized into a strong brand or monopoly.
I hate monopoly, but where you control the supply, distribution and sales in a market, you are the monopoly. Although, it’s capital intensive, but if you wish to go big you will need a good consultant to help you actualize the concept successfully.
How Mini LPG Depot Works
The challenges in the Nigerian LPG market created huge supply gap that’s becoming difficult to fill any other way. In all the years of existence of NNPC, the government organization that’s in charge of oil and gas, it has not been able to fill any of the existing supply gap.
But right now this gap can be filled with mini LPG Depot facility, by exploring the existing LPG regulations, with the right investment.
The idea requires you to identify a state or location that can cover multiple states LPG supply needs, and plant a mini depot there. This strategic location is your most epic advantage for a mini depot.
What’s Possible With Mini LPG Depot
You may want to know what’s financially possible as your returns from a mini LPG depot investment. If I may answer you from a statistical point of view, it will be a huge share of the 5 million metric tones of LPG domestic supply target.
Okay, that’s a general assumption. But if you critically look at the potential of a mini LPG Depot it’s huge.
Although, it depends on the mini LPG Depot business model you decide to adopt. If you agree to go with this model that would put you in an estimated financial position of over N500 billion annually. This estimate would depend on the network of your investment.
You should also know that so much resources is require to achieve a huge project like this.
The Role Of An LPG Consultant
It will be an error to want to embark on such project without proper guidance. You will need an experienced consultant who understands the business model of all the sides of LPG supply, distribution and retail.
A consultant who can properly encapsulate the whole concept of mini LPG depot. Help you put up a feasible plan. Help to search and advice on the right location for the mini plant. Help with the plan and execution of an effective marketing. Help to setup and manage the right team that would ensure the execution of the project. And be in the advisory team leader throughout the period of the project and beyond.
And talking about marketing – it must be prior and after the construction of the plant. During the course of feasibility plan, a marketing plan should be drawn with proper accountability of all the target retail plants within the defined market. This head count is important in established the profit potential of the project.
Basic Startup Requirements
The plan must be vast and inculcating every aspect of the business to give a full view of the investment. Cost shouldn’t be minimized. A proper analysis of all the risk, costs and requirements should be presented in the plan. A mini LPG depot business plan is required as a main requirement before anything else can be done.
It will give you the full overview of this project. At least, the plan should be able to do five things successful:
✅ Conceptualize the mini depot model and getting all regulatory approvals
✅ Identify a proper location suitable for a mini depot
✅ Address the issue of cost
✅ Create. a detailed marketing plan
✅ And get an estimated feasibility report
These are preliminary steps you have to take, even if it’s just to ensure the viability of the project before venturing into it. You shouldn’t even think going into a huge financial impact project like this one should be carried out without a proper assessments of the basic requirements before investing.
Analyzing Financial Requirements
It will not be proper to put together all the financial requirements without a proper business plan. However, I can give you an ‘tentative’ finance requirement, which can help you see where the money is going. That would give you an idea what would required financially.
✅ Large expanse of land – minimum of 2 to 3 acres of land
✅ LPG trucks – required number would depend on the operational plan
✅ Mini LPG plants – depending on your marketing plan
✅ Site construction – planning, materials and buildings
✅ Operational fund – needed for general operation which includes stock, maintenance, managing transportation, etc.
These are just the obvious financial requirements. You also have to consider consultancy fees, DPR licensing, environmental assessment study, host community fee (where applicable), some other procurements and logistics issues, etcetera.
However, a comprehensive mini LPG depot business plan will help put all these finances into proper perspective.
Getting Financial Support
Unless you can afford to offset the huge financial requirement, you may be needing financial support. Although, it’s easier to approach the banks here but that won’t guarantee success unless you have the right people to back the project.
Another source of financing might be getting foreign investors. Since it’s an oil and gas industry, it’s much easier to convince foreign investors to partner with you. However, you will also be required to meet some conditions to get such funds.
Moreover, one sure way to pull this whole thing through is to use your connections. Even if you are not a successful businessman or know people who do, you can approach business partners with a clear cut goal and feasibility projections.
Investors, whether local or foreign would like to see the potentials of any prospect before they can part with their money. You need to put out some convincing proposals with your business plan. However, foreign investors might want to see more than just that. They are more concerned about your involvement and what you stand to lose if the business should fail in your hands.
Location Requirement & Assessment
Money maybe key to this project, but the importance of location cannot be over emphasized. You need the right location for a successful mini LPG depot. A bad location is bad for business.
So, how do you begin to ensure that you get the right location for your mini LPG depot? The first step would be to define the scope or model of your mini LPG business. Your scope is important, because it helps to define your revenue target and best model to achieving it.
Some mini depot can target just the state where it’s located, while some can go beyond one state to target multiple states. Your model should be what defines your location. Your consultant should help draft the model based on your target and financial investment.
Even the location can be defined in the model based on your target consideration and closeness to the target markets.
Distribution & Supply Requirements
Mini LPG depot is just a supply and distribution outlet for LPG products. Your only advantage is closeness to your target market. As more and more LPG plants are being setup across the country, the demand for LPG products are increasing, even so is the cost of the products and transportation.
Your business is to provide LPG products to your market faster than the main depots. Most LPG plants would take advantage of your fast supply to restock LPG. So, you have to ensure the process of distribution is made available to speed the process.
You would be needing LPG trucks for this project. The best option is buying and utilizing your own supply trucks. This concept is cheaper and easier to control. However, you can also work in partnership with independent LPG truck owners to fulfill your supply needs.
Addressing Your Target Customers Needs
You should identify your customers, know what they supply challenges are, and make provisions for the right incentives to encourage them. Whatever your business model will be, let it focus on addressing the problems of your target market. That’s the best way to win your market.
If you don’t know what the real challenges in your target market is, then don’t venture into mini LPG depot. You may think you know just by reading this article, but that’s not entirely true. This post is addressing a general market view. The actual problem in each market maybe slightly different from this.
And it’s those slight difference that makes your target market unique. Depending on the model you may decide to adopt, don’t just think the only problem your main customers (the LPG plants) has is supply challenges.
How to Fight Competition
If you think because there are no competitors in the mini LPG depot business now that it would remain so for long, wait till you see how many investors that have read through this post, and how many are already consulting with me on it.
While I may not give you information about others seeking to embark on the same project, I can help you understand how to prepare against competitors. That doesn’t mean your competitors can’t do the same. But it helps you to position your business well in your target markets before they arrive.
One of the models of mini LPG depot is to create your own network of LPG retail plants across your target markets. This gives you a huge market potential and helps you position yourself in the best location across the city or your target market.
The more retail plants you have the more customers you can reach directly. This model works best than selling to existing retail plants, who may also have other supply sources, and may shift interest at any time.
A mini LPG depot is one of the most successful business ideas that has come out of LPG industry. It’s like the modular refinery model. If you want to make it a huge success, it would require huge finances. But if you consider how much turnover this could generate for you, then you will agree with me that it’s worth a venture.
I have tried in my own way to give moderate estimates in terms of revenue projection. But the real revenue can only be determined by the business model and how much investment you are willing to put in.
Note that it’s not a project for Beginners. You must have access to huge financial support or know partners who can command such funding. If you are interested in embarking on this project please make sure to start first with a comprehensive business plan.
I read this honey bee story with amusement – as told by an unanimous story teller.
When I was much younger, my father, during one of his adventures in an old, dusty store in our apartment, got stung by a honey bee. And his eye was swollen.
My junior brother, almost exploding with the news screamed to our neighbor downstairs, “my daddy is blind”. He was about four years old at the time.
Thankfully, my father did not go blind.
The business of rearing honey bees, honey bee farming, involves the keeping of bees, breeding them, collecting the honey produced and marketing them.
Honey bee farming business is known as apiculture. Asides from honey, honey bees are also kept for other products which include beeswax, venom, royal jelly, pollen and propolis.
First of all, the know-how of the business is very important. Do you have an idea of what a honey bee farm is about? How do you start one?
Why Start Honey Bee Farming?
Beekeeping, among many other agricultural businesses, is a gold well and requires more involvement.
3 reasons why you should start a honey bee farm:
✅ Highly Profitable
In 2018, it was recorded that Nigeria spends about two billion dollars to import honey into the country. It has also been discovered that Nigeria produces about 10% of honey that its citizens consume!
This should answer your question of whether or not bee farming is profitable. There’s around 90% local market supply gap. Your honey bee farm has a large room for growth.
A majority of the honey consumed in Nigeria is imported. And many of them are not actual honey but sugar syrups. Think about that.
✅ Agents of Pollination
If you already have a farm, it’s an added advantage because bees are pollination agents. They would cause a significant increase in your produce and income at the end of the day.
The business flows with the seasons. You need to know the times and seasons if you’ll engage in beekeeping.
Honey bees are more active during flowering seasons before fruits start to form. They are at their peak and this way, they can get enough pollen and nectar and hence produce a maximum amount of honey.
They can however be fed in seasons where food is not abundant.
A beehive can produce up to twelve liters of honey in the first year of acquiring it. Consequently, you can get about ten liters of honey after 6-8 months.
A liter of honey can sell for about N1500 or more. Calculate N1500×10× the number of beehives you have and that is your profit from bee farming every 6-8 months.
Imagine you have 100 beehives that’s N1,500 multiplied by 10, which is N15,000. Then multiply N15,000 by 100, and that’s N1,500,000 every 6 to 8 months.
How Much Required to Start Honey Bee Farm
If you are wanting to ask this question: How much does it cost to start a bee farm in Nigeria? I have the answer covered for you in this post as well.
Bee farming can be started with as low as N50,000 and as much as can be. How high the starting cost goes solely depends on how big you want to start.
New tools are better for new bee farmers or beekeepers because they are new. Unlike most second-hand equipment, they have everything intact. You might not notice something missing if you’re not familiar with the equipment so it’s much better.
The starting cost can also be reduced by using locally made equipment, as long as they are of good quality.
A farm site for you bees does not have to be your land, acquired and paid for, especially you don’t have so much. It can be leased or rented from a friend, family member or anyone willing to lease their land.
Or you can partner with someone who has a farm. For safety sake, let this agreement be bound with a legal document or with trusted witnesses at least.
The landowner benefits from the bees’ pollination and you benefit from the space or land and the availability of flowers and food.
Pick Your Bee Niche
You can keep honey bees for several reasons. Many apiculturists keep honey bees just for their honey but there are more products honey bees are capable of producing.
Your bee niche may be to produce beeswax along with honey. Or to harvest royal jelly and honey. You can also decide to rear honey bees for the function of pollinating crops.
Choose the products you want to base your beekeeping business on and build up from there.
✅ How do honey bees produce honey?
✅ Did you know that honey is food for honey bees?
Also, did you know that honey bees have a separate stomach called the honey stomach where they temporarily store nectar?
Honey bees suck out nectar from flowers and store it in their honey stomach. When their stomachs are filled, they return to the beehive where they convert the nectar to honey.
Did you suck out the juice from small red flowers like I did when I was younger? That sweet juice that you tasted is nectar.
The Best Location for Bee Farming
The beehive should allow for sunlight. There should also be a shade to reduce the severity of the sun and to keep the beehive cool.
The beehive should be located amidst trees or some kind of shade to protect the bees from intense winds and sunlight, the forces of nature.
For the bees to find food, the compound with their hive needs to have plants. It doesn’t have to be a flower bed or flowers of fruits alone. Weeds, trees, and other plants are also sources of food since they produce pollen.
Bees must be able to find abundant water and food (pollen and nectar) in the area where the hive is so that they do not have to travel long distances in search of food.
The area should be dry, not moist. It should not be noisy or crowded. Avoid using chemicals like weedicide or insecticide around the area where the beehive is situated.
The opening or door of the beehive should not be in the direction where people would pass. This would prevent a collision between bees and humans and therefore prevent bee stings.
Marketing Plan For Honey Bee Farming Business
A business plan is important to communicate what your business is about and how you want to run it. Contact us to get one at affordable price. Or get the Honey Bee Farming Guide 101 to hive you all the necessary information.
If you want to apply for a loan, you need to have a business plan to show your lender how you plan on using their money, how long it would take and how the profits would stream in.
Your Business plan should include the source of income for your business.
• Will you be getting a loan? • For consequent costs, how would you find them? • What would happen if you run at a loss?
Your plan should have this information.
Also, in your plan, you need to input your target market. Who would you supply with your products? How do you reach them and how do you convince them to buy from you? You should identify both local and international markets for your honey.
You should also assess your business for its strengths, weaknesses, available opportunities, and possible threats.
It’s referred to as a SWOT Analysis.
Honey bee farming business is one with great demand and profits. The question of whether or not people would buy is irrelevant because there is a good amount of demand already available on ground and a much less supply in Nigeria.
Do you now have an idea of what starting a honey bee farm business looks like? Do you have unanswered questions? Let me know in the comments.
Do you know that grasscutter farming is one of the livestock businesses in Nigeria that require low cost but has big returns on your investment?
Grasscutter meat has risen among other sources of meat and now ranks among the most anted source of meat in Nigeria. This is understandable due to its many benefits and taste. However, there is a larger demand than supply.
Grasscutter farming is the business of breeding grasscutters for their meat and by-products (for example, their faeces for fertilisers).
Grasscutters are also referred to as cane rats. This is because sugarcane is one of their beloved foods. If you are going to be very successful as a grasscutter farmer, farm sugarcane too.
Grasscutters are rodents. They are much larger than common rats and live in bushes. Rats however are found in houses and their surroundings.
Grasscutter meat, among other grasscutter products, is in high demand. It contains a low amount of cholesterol and a high amount of essential nutrients.
Grasscutters are easy to breed. They mature early at about 5-6 months. Their gestation period is about 22 weeks and one female can produce roughly 12 offsprings in a year.
Why Start a Grasscutter Farm?
See some of the reasons to start your own grasscutter farming right at your back yard, without investing in farm lands and costly housing kits.
Grasscutter meat is found among the class of meat referred to as white meat. It has much-reduced fat and cholesterol levels. It is high in protein.
Grasscutter meat reduces the risks of hypertension by preventing some of the factors which cause it like high cholesterol and obesity.
Another Stream of Income
Grasscutter farming is an agricultural business that is not only profitable but also brings you passive income. You don’t have to do so much work since they do not require much attention.
Ease in Farming Grasscutters
That grasscutters do not need much attention does not mean that you can or should neglect them. They need food and water daily and regular checkups to examine them for signs of sickness and keep them healthy.
They can be left alone by themselves after being provided for so that you can attend your other job if you are not doing it full time.
Low Starting Cost and Risks
You don’t need so much money to start a grasscutter business. It only needs to cover the necessities and then you are good to go. You can even start it at your back yard. Cost of building shelter or cage for grasscutters is minimal. You can construct it yourself if you are technically inclined.
They Are Fruitful and Multiply Early
Grasscutters become mature as they attain 5-6 months of age. Some even mature much early than 5 months and are ripe for breeding. This depends majorly on their breed and how well they are cared for.
It takes approximately 22 weeks for female grasscutters to carry their younglings. This means they can produce grasscutter babies twice in one year. Your breeding target should be calculated by the number of breeders you farm.
Each birth can yield about 5-7 grasscutters which means a single female grasscutter can birth 10-14 grasscutters in one year.
Increased and Increasing Demand
Due to the benefits of grasscutter meat and its recommendations by people in the health sector, the demand for grasscutter meat has risen.
This demand would continue to increase as more people find out about its benefits. You can equally farm grasscutters for your personal needs.
How Much You Require to Start
This depends on the size you’re starting with. Factors that determine the startup cost:
● Getting a mature doe(female) and a buck(male). A mature doe costs about N14,000 and a matured buck is about N12,000.
● The housing – should be such that gives the room enough to move around and nit confide them to static position.
● Feeding, cleaning and other necessary equipment
● Checkups by a veterinary doctor
A small scale farm would cost about N50,000-N80,000 to setup. It can cost less if you have the housing or the necessary equipment ready.
Pick Your Grasscutter Farming Method
Commercial grasscutter farming can be performed in two ways:
Deep litter method
Deep Litter Method
This involves putting some grasscutters in a house, in a single space.
This can be done efficiently well with a minimal number of grasscutters. The grasscutter house should be spacious to allow the grasscutters to move around freely and have space to themselves.
This method involves keeping grasscutters in cages or hutches. This method keeps a reduced number of grasscutters in each cage. A colony (4 females and 1 male) can occupy a cage or the grasscutters can be separated so that individual grasscutters occupy a cage.
How to Build a Grasscutter House
Housing in grasscutter farming is very important.
It must allow ventilation, light and have enough space for the animals.
The grasscutter cage should also have structures like light bulbs and waterproof covers that can protect the animals from rain and cold.
Building materials should be made of quality materials. Bamboo and wood can be chewed on, so they’re not efficient choice materials.
A grasscutter house is usually and popularly built with metal.
Grasscutters are clean animals. The grasscutter house should be built so that there is a separate space for feeding and a separate one for resting.
To allow for breeding, grasscutters should be kept in a colony. A grasscutter colony has 4 females and 1 male. This method is good since the presence of a male stimulates ovulation in females and the presence of more than one male with a female would provoke fights.
In a situation where a huge grasscutter needs to be moved around, a squeeze cage should be available. It should be about the size of the grasscutter and should not allow much movement.
A squeeze cage facilitates the easy handling of grasscutters of various sizes. The size of the cage should be tailored to fit the size of the grasscutter.
Also, trays for feeding and drinking should be made heavy so that the grasscutters cannot displace them.
The Best Grasscutter Foods
Grasscutters eat sugarcane, legumes, guinea grass, elephant grass, peels of tuber crops(e.g cassava) and outer coverings of fruits like pineapple and mango.
They can also be given concentrate to supply them with more nutrients and balance their diet.
Some concentrates are made of only one ingredient. This would not give the animals all the nutrients they need so it should be rotated with other feeds.
Other concentrates are made from multiple ingredients and can be fed to the grasscutters constantly.
The feed should be placed in the feeding container and not the floor to prevent the grasscutters from stepping on the food and soiling it with their faeces.
You can feed your grasscutters two or three times daily. Feeding the grasscutters should be consistent every day. If you would feed them in the afternoons by 2 pm, keep up with that.
A baby grasscutter depends on the mother for milk. And when it is about 6 weeks old, it is ready to be weaned.
What’s The Best Time to Start Breeding?
You can start anytime. As long as you have the money to start and the necessities are available; food and housing, and others. Another best time is tomorrow. You can start with one male and one female.
Managing Diseases And Environment Conditions
Grasscutters are prone to certain diseases which are described below. These diseases can be prevented by proper care for the grasscutters and by regularly checking them up.
Their surroundings should be kept clean and dry. Leftover food and food that is spilt out of the feeding container should be removed before a new one is placed.
Ecto and Endoparasites
Ticks and fleas are ectoparasites commonly found on grasscutters.
Endoparasites like worms also trouble grasscutters. These worms are attracted to wet areas. Constant deworming of the grasscutters would keep these worms in check.
Is a common disease that attacks grasscutters. It is caused by Diplococus Pneumonate which is a bacteria. This bacteria is abundant in cold seasons.
Grasscutters should therefore be kept as warm as possible during cold seasons.
Coccidiosis is caused by a protozoan. It causes tiredness, appetite loss and diarrhoea in grasscutters.
Is caused by Staphylococcus Aureus which is a bacteria. It causes discharges in the vagina and nose of the grasscutters.
Grasscutter business is another lucrative business that you can own and make yours. Are you going to start your grasscutter business, if yes, do contact us for consultation and guidance. If you have more questions, let me know in the comment.
Let’s make some free money. I want to show you how you can start collecting free cryptos. How much you collect will be up to you. I bet you can collect free crypto coins worth tens of millions of dollars.
But realistically, let me make it easier for you, maybe you can collect $10,000 worth of free coins in a few weeks or months. There are many coins being launched. You can’t buy them all.
In fact, many of them will fail. Some were even designed to fail – as scam to defraud investors of their money. So, it’s not all safe. That’s the more reason you shouldn’t dole out money to buy every coin that’s released these days. If you want to know more about scam free cryptos to buy, READ THIS ONE.
I want to show you how you can get these free crypto coins every time they are available. I hope you have your second trustwallet account dedicated for Airdrops. It’s always important you have a separate wallet just for collecting free crypto coins.
How Free Cryptos Works
If you are new in Crypto you might have been doubting these free crypto coins when you hear of them. You remember the old saying, nothing good comes easily. Well, I can modify it for you, anything cheap comes easily.
When companies start their Crypto coins they would need to get people to start buying it. That usually doesn’t always happen. People who buy cryptos do due diligence before they buy.
They want to know how many others have bought the coin, how many social followers they have, how trendy is the coin before they buy. Even the exchanges don’t list new coins until they have met some requirements which also includes certain number of address holders.
Crypto companies know these things too. So, at the initial stage they want to get as many people to get their coins. And it’s easier to give away free coins than advertising for people to buy.
Process Of Collecting Free Crypto Coins
The process is very simple. Hope you created the second trustwallet account as I told you. If you didn’t, create one now before you continue.
✅ Step 1: Buy BNB Smart Chain Coin
You need some BNB smart chain coin. I suggest you buy at least $10. If your funds cant get that much, just buy like $5. Although, most sellers won’t sell that low. Unless they already have it on trustwallet to sell to you. But you need BNB coin in your free coins trustwallet account.
🔹️NOTE: The reason for this coin is to enable you pay for network fees. When you claim free crypto coins, it passes through the network, and network charges apply. It’s from this coin you will pay for network fees when claiming free cryptos. Networks fees for airdrops like this is usually cheap. Some are like $0.36 or less or sometimes more. But usually below $0.50.
✅ Step 2: Start To Collect Coins
Once you have your bnb smart chain coin in your trustwallet it’s time to start collecting free cryptos. The process is very simple. Free crypto offers will provide you with the web link from where you can claim the crypto coins.
🔹️Note: This kind of free crypto is different from those Telegram Airdrops that requires you to do certain tasks
and now wait for a date for the airdrop to be sent to your wallet. Most times you don’t even get those telegram airdrops. Most of them don’t fulfill their promises.
But this method of collecting free crypto coins works instantly. You get the coin deposited into your wallet once you follow the process I’m going to outline for you below.
✅ Step 3: What You Need to Start
Let me outline what you would need to get this process now started. I will also provide you with an example you can do now and collect some free crypto coins. You will need the following:
🔹️A. Website link from the crypto company with the claim offer.
🔹️B. Information to help you add the new Crypto details into your wallet
🔹️C. Knowledge of how to add custom crypto wallet address on Trustwallet
🔹️D. And your Trustwallet account
✅ Step 4: Creating A Custom Crypto Wallet Address
Before you start creating a new custom coin, do a search to be sure it has not been added already on Trustwallet. Here’s the steps to follow to setup new coins that are not already setup on trustwallet.
In your trustwallet you have at the top of your wallet, above the account balance, five things to note.The first one from the left hand corner is
🔹️A bell image
🔹️Followed by tokens
🔹️Before a unique sign
That unique sign opens to where all the coins are hidden from view. And if you scroll to the end downwards, you will see ADD CUSTOM TOKEN. This is where you get to setup the new tokens.
🔹️Select ADD CUSTOM TOKEN. and a new form box will open. You will need the following to fill the form and submit it to create a coin profile on trustwallet.
🔹️A. Network – you need to select the Network of the coin. By default it shows Ethereum. Click and select the actual network for the coin. In this case, it’s Smart Chain. So select smart chain.
🔹️B. Contract address or CAnfor short. Every coin has a contract address. That’s what makes it different from another coin. And that’s why if you send a coin it will get to the address anywhere it’s located on the internet because of the contract address.
🔹️C. Name – every coin has a name to differentiate it from others. You enter the name of the coin you want to setup.
🔹️SYMBOL – Coins are also given symbols like Naira sign or NGN that’s used for Naira for easy recognition.
🔹️Decimal – It’s a number that’s usually 0, 9, 8, 6,18 or any number. But each coin has its own decimal. You don’t just put any number you want. Find the decimal for the particular coin and add it there.
🔹️CKICK DONE – at the top of your screen. Your new coin will be setup now. Note that some new coins may already have its profile image displayed, while some don’t at the beginning stage but will have later.
✅ Step 5: Claim The Free Crypto Coins
If you have the website link for the free coins, copy it, open “DApp” on your trustwallet. DApp is a web browser on your Trustwallet. Once you open, paste the web link for the coin you copied earlier and press enter. It will open the website with instructions on how to claim the free crypto coins.
🔹️Note: make sure the coin you want to claim is already setup or exist in your Trustwallet account.
✅ Step 6: Pay Network Fee
The final step in collecting free crypto coins is paying the network fee to transfer the coins to your wallet. Note that the network icon at the top of your wallet.
Click on it to select Smart Chain. Fees goes to the platform you are using to collect the free coins. They are small fees. Once you accept to pay the fees, the coins will be deposited into your wallet.
Follow the examples below to setup any token wallet address that doesn’t already exist on Trustwallet. Please do what is specified in this lesson step by step. If you don’t follow it you won’t understand what to do and you will be asking unnecessary questions.
✅ Here’s details for creating token wallet address:
🔹️A. Copy the contract address and paste it in your Trustwallet token search, and click on the Add Custom Token to create the wallet address for that token using the parameters provided for each different token. See the example below.
🔹️B. Change network to Smart Chain
🔹️C. Enter this contract address:
🔹️D. Name is CRYPTO
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Rabbits are not expensive to breed, unlike some other livestock animals. You don’t spend much on them and you get ample profit.
Why Start a Rabbit Farm Business?
Here are my 6 reasons why you should start a rabbit farm business:
They can care for themselves
Of course, you need to provide food for them since they are caged and cannot get food themselves. But rabbits can be left alone after they have been provided for. This characteristic of rabbits allows you to attend to your other job if you are a part-time rabbit keeper.
For Their By-products
Did you know that rabbit urine is used as a pesticide and a fertilizer?
Rabbit’s urine contains nitrogen and therefore enriches the soil and crops and due to its pungent smell, it repels insect pests.
Doesn’t require a large amount as a start-up
Rabbit farming, like grasscutter farming, is referred to as called micro livestock farming and do not need much startup cost.
High Reproduction rate
Rabbits have a gestation of about 31 days after which a female rabbit produces two to twelve younglings. Due to its short gestation period, a female rabbit can produce offspring up to seven times in one year!
Benefits to health
As I mentioned earlier, rabbits are a source of white meat which has been known for its health benefits.
It is said to have low-calorie levels, preventing weight gain and hypertension.
Rabbits enter the maturity stage at about 5-6 months old. Some farmers however suggest that male rabbits are left to enter their first year before they are bred.
This is said to allow for the production of quality offspring.
How much can you earn from rabbit farming?
The amount you earn from each rabbit largely depends on their age and breed. You can sell a rabbit at the rate of N1500 to about N9000.
How Much You Require to Start
The amount of money you need to start your rabbit farming business depends on 3 major factors:
● The rabbit’s breed
● The number of rabbits you are starting with
● Getting a rabbit house
The cost ranges from N45,000-N100,000 with N100,000 being the highest amount you would have to spend. It can cost more if you want to start on a large scale.
Pick Your Rabbit Farming Method
Rabbits can be reared in a cage method or deep litter method.
Deep Litter Method
● This method is efficient if you will be raising a few rabbits.
● You can keep up to 30 rabbits in one house in the deep litter method. Males should be kept apart from the females till it is time to breed.
● The floor of the house should be made of concrete and should be covered with dry wood shavings or straw.
● There is a higher risk in this method than in the cage method. Make sure to start with a little number, gain experience and see how it goes and then increase their number.
● The animals are reared in a cage in this method. This method of rabbit farming is more efficient for a commercial business.
● You can raise as many rabbits as you want with this method with the animals spaced out in different cages.
● This method allows the rabbits enough space and food in their cage.
● The females and males also need to be separated from each other until it is time for breeding.
Rabbit Farming Business Plan in Nigeria
A business plan is important in planning your business.
If you want to get a loan to start your business, you will have to show the lender something, proof that you know what you are doing and that profit would come from the business so that you can pay them back.
The business plan should describe your business, how it would be funded, expected profit, how the marketing part would go, and all that your business needs and would be about.
There are samples of business plans to guide you in making yours.
How To Build Rabbits’ House
A rabbit house (hutch or cage) should have good ventilation, be protected by a shade and be out of the way of people passing by or noise.
The rabbit house needs a windbreaker, like a tree so that when it gets windy they would be protected from massive amounts of wind. They also need protection from rain during rainy seasons.
You should consider the following when buying or building a rabbit house:
● The size
How many rabbits do you want to start with? This would determine the size of the cage that you get.
● The type
Is the rabbit house outdoor or indoor? This would determine the material that is used to make the cage. If the cage is placed outdoors, a wooden cage would not be efficient. It would get weaker as the rain beats it.
● The material used
A majority of the rabbit houses currently are built with metal, wood and even plastic. Now, as I said earlier, the material used to build the cage depends on the exposure of the cage to the natural elements(sun and rain).
Aside from natural elements determining the type of cage, choose a cage that would not give you issues when you clean. It should be easy to clean.
Many rabbit houses have floors made of wire and a removable pan under them for easy removal of waste.
Rabbits can however develop sore feet (hocks) because they stand and walk on the wire floors all day long.
This can be reduced by covering a part of the floor with something solid, like wood. This wood would be a resting spot for the rabbits and reduce the possibility of them developing sore feet.
The Best Foods for Rabbits
The rate at which a rabbit eats is determined by the breed and of course, the age.
Rabbits eat green vegetables, cucumber, carrots and grass, among others. They can also be fed with remnants of food from your house.
Rabbits need variation in their feed. They need assorted food choices. This would ensure that they get the necessary nutrients that they need for growth and health.
As you add new foods to their diet, give them a small amount of the new food daily and check for how they react to it. When they have adapted to the food you can increase its quantity to the amount that they need.
When you give the rabbits their food make sure to place the flood in their feeder, not on the floor. Since they would be wandering around their cage, they can walk all over their food and ruin it with their faeces.
Remove the unfinished food from the previous feeding when you go to give them more food.
Rabbits eat less than they eat at night. This is majorly caused by the heat of the day. They are more active at night and so they consume more food.
If you would be feeding your rabbits with concentrate along with the other foods, you can give concentrates in the mornings and others in the evenings. Along with the food, they need clean water.
Profitable Rabbits Breeds to Farm
Some of the profitable grasscutter breeds are listed below with what they are reared for.
● Californian: Meat
● Satin: Fur and Meat
● White New Zealand: Fur and meat
● New Zealand: Meat
● Champagne d’Argent: Meat
● American Chinchilla: Fur
● Silver Martens: Fur
● English Spot: Meat and Lab
● Checkered Giants: Fur
● Rex: Fur
● Angora: Fur and Meat
You would not find all these breeds in your area. Choose the best among the ones available to you to start your grasscutter business.
The Best Time to Start Breeding
Cold weather is more favourable for rabbits than hot weather. However, to be able to create more body heat, they need additional food. Their body heat is caught by their fur, allowing them to stay warm.
Hot weather is less bearable for the rabbits. They would require your help to stay cool. Hot weather can result in overheating in the rabbits which can result in tiredness, low productivity, and even death.
Unlike during the cold weather, rabbits reduce their consumption of food but not to the point that they take just little worrying amounts.
Heat can be reduced by giving the animals cool water to drink, taking them out of their cages and underneath a tree’s shade, and placing fans with them.
Rabbit farming is a business you should consider if you want to start an agricultural business.
I hope this article answered your questions. Do you have more questions? Drop it in the comment box.