Proposal
writing is one of the most profitable businesses globally. Each successive
year, individual businesses, companies, government agencies at the local, state
and federal levels put out millions of request for proposals (RFPs) for
bids.
These
proposals range from erecting government structures and buildings to supplying
of equipments or services to government offices, industries, and companies as
well as individual’s projects.
For
companies or individuals to successfully bid for contracts, the bidders do need
a well-written, concise and articulate bidding proposal to win the needed
contracts. However, most business owners do not have the time or the
needed capability to craft out compelling and winning business or bidding
proposals.
You can
fill the gap if you specially provide proposal-writing services for these
companies. Your duty will be to compile and complete different proposal
documents for and on behalf of your clients or contractors. It’s JUST as simple as that.
How
much can you earn?
Proposal-writing
business is very lucrative. A proposal writer charges fees based on the quality
and quantity of the work expected of him. Also considered when costing for
proposal-writing is the duration (time) it will take to finish the
proposal.
Typically,
professional proposal-writers in Nigeria charge between N10,000 to N20,000 or
more per project while some proposal writers even charge a commission depending
on the profit margin of the contract should their clients later win the
contract. For instance, a proposal writer can negotiate 5% of the contract’s
worth with his client and should such client be awarded the contract, the
proposal writer will enjoy the negotiated and agreed
percentage.
Which
area can you specialize?
In proposal writing, there are many areas to
specialize and become an expert. You can specialize in writing of proposals on
non-perishable goods, services, non-profit, construction, maintenance, sales
etc. All you need is to fill the gap in crafting winning business proposals and
earn money.
All You Need to Start
In you selected area of specialty, you will need to
have a wide range of researched materials and a bit of technical writing
capability. If you are good in technical writing, do well to monetize
your knowledge. You can just start this business now with the basic equipment
which include a standard office with computer systems.
How
to Start Proposal Writing Business in Nigeria
Do you like this business idea? A friend of mine
started this business in 2011 having finished his NYSC and now he has up-to 4
different offices in Nigeria with headquarter in Lagos. This business is
lucrative and can help you become self-employed.
Here are steps you need to start this
business in no time:
- suggest a business name for yourself;
- compile your business proposal;
- rent an office space;
- facilitate your office with the needed equipment and plants;
- go to Corporate Affairs Commission (CAC) to register your business name;
- design a business card, Sign Post, Bill board and advertise;
- start your business.
You can start this business on your own until you
have need for more capabilities then you can employ people to work under
your establishment.
Do you need a guide on how to write a compelling
business plan? Please contact us for billing.
This could be a nice business idea. Have you
started this business already? Please share your experiences. Kindly let us
know if you have any question or feedback through comments
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