36. PROJECT MANAGEMENT - Jack’s Digital Business Collection - Digital Business Ideas - Digital Entrepreneurship - Digital Entrepreneurial Ideas
In a world where efficiency, planning, and successful execution are critical to growth, project management has emerged as one of the most important business services across all sectors. Whether it's developing a new technology platform, organising an NGO campaign, introducing a new product, or creating housing units, project managers are the unsung heroes behind the success.
36.1. Benefits of the Business
1. Low entrance barrier: requires more knowledge than equipment.
2. High demand across industries (building, technology, NGOs, healthcare, and events).
3. Scalable model: You can start alone and then expand into a team or agency.
4. Lucrative income potential from both local and international clientele.
5. Location Independence: Work remotely or on-site, depending on the project.
6. Professional credibility: Increases confidence and leadership abilities.
36.2. Budget
Basic start-up budget includes:
• Laptop/Tablet: ₦300,000–₦500,000 ($200–$330)
• Reliable internet/month: ₦20,000 ($13)
• Business registration: ₦15,000–₦30,000 ($10–$20)
• Website (domain + hosting): ₦40,000 ($26)
• Branding and logo: ₦15,000 ($10)
• Project management tools (Asana, Trello, Notion, etc.): ₦10,000–₦25,000/month ($7–$17)
- Digital marketing costs ₦30,000-₦60,000 per month ($20-$40).
Estimated start-up budget: ₦430,000-₦690,000 ($287-$460).
36.3. Business potential
• Project management professionals are in high demand in Nigeria's construction, non-governmental organisation, technology, and government sectors.
• International organisations seek remote project managers for worldwide teams.
• High demand for event planners, software developers, real estate agents, product launches, and educational initiatives.
- The global shift towards freelancing and outsourcing benefits project management firms.
36.4. Funding
• Personal savings or family support.
• NGO or women's/youth entrepreneurship grants (e.g., TEF, YouWIN).
• Microfinance loans (e.g., LAPO and Nirsal MFB)
• Government programs such as N-Youth, BOI, and AGSMEIS
- Angel investors or partnerships for larger setups.
- Crowdfunding
36.5. How It Works
1. Determine a niche (technology, events, construction, non-profit, product launches).
2. Get certified (optional but increases credibility).
3. Create a portfolio (beginning with free or low-cost projects).
4. Use project management software (such as Trello, Asana, and Monday.com).
5. Provide service packages (per project, retainer, or hourly).
6. Promote online and network offline.
7. Scale as your clientele expands.
36.6. Impact
• Empowers individuals to lead and complete challenging activities.
• Increases company efficiency and accountability.
• Creates jobs through team hiring and subcontracting.
- Improves local economies through successful project implementation.
36.7. Key Players in the Industry
• Project Management Institute (PMI)
• W-Holistic Business Solutions provides women-focused training and project management services.
• Agile Nigerian Community
• Techpoint Africa hosts project management-related activities.
• Construction and Civil Engineering Firms
- PM consultants for NGOs and the UN system
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36.8. Marketing
1. Use LinkedIn for professional networking and lead generation.
2. Use Instagram and Facebook for testimonials and graphics.
3. Join local business organisations and attend industry events.
4. Create a personal or business website with a blog.
5. To grow your email list, offer free seminars or project checklists.
6. Collaborate with event planners, software developers, and non-governmental organisations.
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36.9. Monetisation
• Contracts for project execution typically range from ₦200,000 to ₦2 million ($130 to $1,300).
• Hourly consultation rates range from ₦10,000 to ₦25,000 ($7–$17).
• Retainer services range from ₦100,000 to ₦500,000 per month ($66-$330 per client).
- Training programs cost ₦15,000-₦50,000 per participant ($10-$33).
Prices range from ₦2,000 to ₦10,000 ($1.30-$6.60) for digital products such as templates and toolkits.
36.10. Potential Income
• Beginners (1-2 projects per month): ranges from ₦200,000 to ₦400,000 ($130 to $265).
• Intermediate (4-6 clients per month): ₦500,000-₦1 million ($330-$660).
- Advanced (agency model): ₦2m–₦10m+ monthly ($1,300–$6,600+).
36.11. Requirements
• Strong organisational and leadership capabilities.
• Laptop and internet.
• Project management software.
• Certification is optional but beneficial.
• Communication and negotiating skills.
- Portfolio of past work (including simulated projects and voluntary labour).
- Interpersonal skills.
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36.12. Research and Development
• Analyse worldwide project management trends, including Agile, Lean, and Scrum.
• Follow the PMI guidelines and publications.
• Attend webinars and conferences.
• Collect client comments and feedback to help enhance service delivery.
- Explore software upgrades and integration tools.
36.13. Scaling
• Hire and train junior project managers or helpers.
• Offer online courses, templates, and eBooks.
• Collaborate with developers, NGOs, or real estate corporations.
• Expand into international or remote project delivery.
• Open a real office or agency.
- Create a PM SaaS platform or application.
36.14. Positive Milestones
Below are some milestones that indicate you are on the right track.
• Clients trust you with additional duties and responsibilities.
• High referral rate.
• Consistent revenue and retainer agreements.
• Invitations to lectures, and sharing best practices with others.
- Increased confidence
- Systems and structures in place, for efficiency.
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36.15. SWOT Analysis
Strengths:
• Flexible and industry-wide demand
• Low entry costs.
- Scalable and teachable.
Weaknesses:
• Intangible services (requires verification of results)
• Time-sensitive workload.
- Possible burnout.
Opportunities:
• Digital Courses and SaaS Tools
• Remote global clients
- Partnerships with consultancies and non-governmental organisations.
Threats:
• Competition from freelancers.
• Clients' lack of project management comprehension
- Project scope creep or under pricing.
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36.16. Target Audience
• NGOs and donor-funded programs.
• Small business proprietors.
• Tech start-ups and developers.
• Construction firms
• Event Planners
- Educational institutions
- E-learning platforms
36.17. Niche
Choose a successful speciality.
• Non-profit project management
• Construction and Site Coordination
• Tech and Agile PM
• Event/project coordination
• Product Launch Management
- Educational or school project supervision
- Crowdfunding
36.18. Training and Development
• PMI certification (CAPM or PMP): ₦200,000-₦500,000 ($130-$330).
• Agile/Scrum certification costs ₦80,000-150,000 ($53-$100).
• Free courses include Google PM Certificate, Coursera, and Alison.
• Mentorship and apprenticeships with experienced project managers.
• Stay up to date by joining local PM communities and attending webinars.
36.19. In conclusion
Project management is more than just a job; it is a business opportunity for widows, Digital Entrepreneurs and young people who want to lead, make an impact, and earn money. With low initial costs, scalable possibilities, and high-income streams, this firm provides a solid return on investment and long-term relevance in changing environments.
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