You can start a variety of profitable small business ventures in Nigeria right away and earn a sizable profit.
If you’re looking for a full-time business concept to invest in while working in Nigeria or if you want to create numerous sources of income, this piece will serve as a starting point for you.
In Nigeria, there are more than a thousand business opportunities that could make you wealthy. However, we have provided a complete list of profitable Nigerian businesses that you can start and be successful in.
Having a plan for your business is the first step in beginning one in Nigeria. Putting into practice a concept that has the potential to generate millions of naira in revenue. Therefore, yesterday was the perfect time to start a successful business in Nigeria.
This is the time to start that dream business and make money big time
You may read: 20 Sales and Marketing Tips for Startups
The greatest moment to launch a successful business in Nigeria with modest funding is right now, regardless of whether you’re a student who’s chosen to get into business during breaks and strikes or a person looking for passive income.
This article is for you if any of the following apply to you:
- Seeking what business to start with small capital in Nigeria
- want to validate your startup business ideas
- A students who want to make money while they are in school
- Looking for hot new business ideas for a man, woman, teenager, lady or guy in Nigeria
- want to have multiple streams of income in Nigeria
- want to start a new business that makes a profit or you are employed and want to start a business from scratch
- What can I produce to make money in Nigeria
- I’m looking for anything to sell there.
Table of Contents
Top 45 Lucrative Business Ideas in Nigeria to Start
The startup business chances and ideas to invest in Nigeria that you may start with minimal money and generate a profit are highlighted below.
Let’s start now!
1. Real Estate Business
The real estate business is the path to take, says real estate entrepreneur Robert Kiyosaki. Do you know the cause? You can earn money from these passive sources even while you’re asleep.
Every entrepreneur hopes to retire and enjoy financial independence one day. Building several passive income streams, such as ones from real estate, is the only way to achieve that.
In Nigeria, the real estate industry is still undeveloped and open for business.
2. Sales of Mobile Phone Accessories
Starting out on a very little budget is possible if you bake and decorate your cakes in the convenience of your own home.
Sending cake samples to interested parties and event planners to ensure they work with you when the need comes is a great marketing tactic. You can also display your work on social media platforms like Instagram and Facebook by using the most profitable hashtags.
One of the best business ventures for females or women in Nigeria is a bakery that sells cakes and cupcakes. You may attempt it.
Batteries, AirPods, battery chargers, memory cards, earpieces, bags, screen protectors, and other accessories are frequently requested.
You can get your goods from internet retailers or through partnerships with sellers at Computer Village (Lagos). You can quickly start an internet import with a phone accessory business.
3. Cake and Cupcake Bakery
Today’s society is full of events, from weddings to birthdays, anniversaries, and year-end festivities. This offers the baking business a tremendous opportunity.
A excellent and potentially profitable business idea for the hobby baker is to prepare, decorate, and sell distinctive cakes and cupcakes for such occasions.
Without a doubt, starting a business in baking can be highly profitable.
Starting out on a very little budget is possible if you bake and decorate your cakes in the convenience of your own home.
Sending cake samples to interested parties and event planners to ensure they work with you when the need comes is a great marketing tactic. You can also display your work on social media platforms like Instagram and Facebook by using the most profitable hashtags.
One of the best business ventures for females or women in Nigeria is a bakery that sells cakes and cupcakes. You may attempt it.
4. Egg Supply and Distribution
It’s not a bad idea to supply and distribute eggs; you could also run a poultry farm to make life simpler for yourself. You can sell the eggs to merchants and motels.
Each day, people eat eggs, which are a good source of animal protein. In addition, eggs are utilized in the production of goods like face masks, adhesives, hair conditioners, cosmetics, confections, and cosmetic goods.
Therefore, starting an egg supply and distribution business in Nigeria is a very profitable business concept. The business will expand as you increase your customer base, and you’ll earn more money.
5. Blogging
One of those businesses that unquestionably makes you your own boss is blogging. You work whenever, wherever, and at your own pace.
To be able to sustain the business, you simply need to select a successful specialty and a location where your heart lays.
You only need a laptop and a reliable internet connection to launch a successful blog in Nigeria.
Additionally, every blogger wants their article to appear on search engine result pages without constantly promoting the material; as a result, you must learn the best digital marketing techniques (SEO) for search engines like Google or employ an SEO Expert in Nigeria.
Read also: How to Start a Blog and Make Money
You can start a blog for free with WordPress, Blogger, or Wix, or if you have the money, you can set up your blog on a self-hosted server. Then, you can publish quality content, direct targeted traffic to it, earn their trust, and then monetize your blog with Google AdSense, affiliate marketing, display advertisements, or by selling high-quality information products like ebooks, etc.
6. Car Wash Business
Everybody, regardless of age or expertise, can start a car wash in Nigeria because there will always be a need for them.
Since most automobile owners don’t have the time to wash their own vehicles, the car wash industry is quite lucrative.
Some of them may not even have gatemen to assist them at home. In light of their busy schedule, visiting a car wash is the next best alternative.
The ability to rent space, a water supply source, and a washing machine are prerequisites for starting a car wash business.
Installing a TV in the waiting area is another way to go the extra mile in making your customers feel comfortable.
7. Fashion Designer and Tailoring
This is one of the home-based startup business concepts based on skills that you can launch in Nigeria right now. Once you’ve mastered this talent, big bang!
You are prepared to cash out. The fashion industry is currently more profitable than ever. People frequently stitch new clothing, and tailors play a major role in this.
Even some tailors use web marketing techniques to promote their services and draw clients.
Yes, some individuals do this. Anyone in Nigeria can start a business that generates a daily income like this.
8. Ice Block Production and Sale
Ice block manufacture is the first business venture that springs to mind when considering startup ideas for men and women in Nigeria.
Perhaps this kind of thinking is influenced by Nigeria’s tropical climate, which has a lot of heat and sunlight. Additionally, it is a profitable company idea that can be launched with very little start-up money.
You only need a nice freezer, electricity, and water (which will freeze into ice blocks once you get started). Do you realize how simple this is?
People may not have access to electricity in some areas of the city, and they will undoubtedly look for ways to preserve food, such as soup in particular. Drinks and even drinking water will require at least a small amount of ice to become cold.
Can you now envision making money solely from water?
Of course, water now exists in its solid state as an ice block and serves a completely different function.
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