This post explains what is needed to successfully run and execute these business ideas. Some of them can be started with very little capital.
If you love beauty, then going into the cosmetics business will be your best bet. For you to do well in this business in Nigeria, you will need to engage in some deep research.
Why is this important? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.
Tomato Farming Business
This business is rewarding, and at the same time, not expensive to start up. However, before you start the tomatoes business in Nigeria, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand. Also, they will let you know the varieties that are patronized best. You will also need to ensure that the seeds you finally pick will grow well.
Fitness has always been a source of concern and Nigerians have also caught the bug. This is because of the high rate of cancer that continues to ravage people. If you are a fitness and health enthusiast, then you can look towards starting a gym-related business in Nigeria. You will need to have enough finance to equip your gym center.
This is a very lucrative business in Nigeria today. With as little as N50,000 you are good to go. While you will do well by renting space if you have the money, this business can also be done in mobile fashion i.e by carrying your products to places they are needed.
In this case, you have to first identify your market and feed them with their needs.
What drives this business is the rapid growth in the use of mobile phones in Nigeria. Nigeria has an estimated population of 180 million people. There are more than 160 million connected through their mobile phone line.
Accessories that are common in demand include batteries, memory cards, battery chargers, earpieces, screen guards, pouches, etc. You can get supplies from Computer Village (Lagos) or online stores. Phone Accessories business is one sure way of getting into online importation.
Plantain Chips Making And Sales
You have seen it everywhere – the delicious crunchy snack made from unripe plantain. Hawkers sell them along the highways. The catch is, you probably did not realise how lucrative it is.
What else, you don’t need to be a UAC or Leventis Food to engage in the plantain chip business in Nigeria.
A small-scale plantain chip enterprise with an initial investment fifty thousand is capable of returning N10,000 in profit daily. If you’re looking for business ideas in Nigeria with low capital, you should really consider this.
You can start this right from your kitchen. Just place your brand name on the transparent nylon, and you’re good to go. You will need to get some coaching from someone already doing the business, learn some recipes and develop a supply chain both for your raw materials (plantain) and finished products.
Ice block Production and Sale
Nigeria is located within the tropical climate region with an abundance of sunlight and heat.
Unfortunately, the electricity supply is very poor, making it difficult for homes to maintain adequate stock of cold water in their refrigerators. This is what makes ice block production a money-spinning business in Nigeria.
People require ice blocks to keep their water and drink cold. Your market includes households around your neighbourhood, retail shops, restaurants and bars that need to keep their drinks ice-cold at all times.
The good thing about this business is that you can kick off with the little you have. You need A deep freezer as well as a medium-sized generator and you’re all set. As you make money, you can scale up by acquiring an ice block making machine.
Liquid Soap Production
The market for liquid soap in Nigeria is so large that the well-established brands are not meeting demand.
Every household in the country needs this product. So there will always be a demand for it. You just have to be the one supplying.
If you look around you, you will find homemade liquid soaps with no branding at all, packaged in used plastic bottles being sold for between N50 and N100. With a little investment, you can make so much money producing liquid soap and selling to supermarkets and other shops that retail to end-users, restaurants, bakers, caterers and home keepers.
You may have to acquire some training that is available at vocational centers run by churches, government, and non-governmental organizations. Create a large market by branding and fine packaging and you will smile to the bank.
The need for car wash will always be on the rise and anybody can do this business irrespective of age. With a little more capital, you can start a car wash that appeals to upwardly mobile individuals by setting up a sitting area decorated with a TV set where your customers will sit while their cars are being washed. You can make it a multiple income stream business if you have space by adding the sale of drinks, shawarma, etc at the sitting area. The critical things needed for a car wash business is the space that can be rented, source of water and the washing machine.
People constantly need things that they do not possess. Some of the things you can start contracting out includes chairs, canopies, vacuum cleaners, cutleries, cooking utensils, music box, ladder, etc. Once you are known to be engaged in this business in your environment, you may not be able to meet demand.
If you have an interesting range of expensive gadgets or equipment, you might consider exploiting them for side income businesses hiring them out on hourly use basis. If the business gets going, you can add more items as you discover what people like renting. Prepare a leaflet, advertise in a local newspaper or use social media to announce your services.
This particular business idea can be capital intensive sometimes and may require you to check out some platforms where you can get an instant loan in Nigeria.
The internet has redefined trade and commerce. Many people have struck gold by importing items online through eCommerce sites like Alibaba, Aliexpress DHgate, global sources, etc. With about N100,000 or even less, you’re open for business.
This is another internet-based business that has taken people out of poverty in Nigeria. Do you know anything that people don’t know, or know something that other people know but can present it differently or know someone who knows something that others may not know?
You may be on your way to making money by packaging the information in the form of a report, an ebook, video, or audio and sell online. Take note, you do not have to write it as there are many resources online to help you. You can outsource the writing on fiverr.com, buy master resell rights or private label rights books, rewrite and rebrand to your choice and sell.
This lucrative online money making opportunity anyone can start with little or no investment. An affiliate marketer is one who helps companies or individuals sell their products and earn a commission.
Products you can sell online here can be digital products or physical products. You can sign on with as many affiliate programs as you can handle and use your affiliate links to promote the products through social media or by creating dedicated websites. Many people in Nigeria have become millionaires through affiliate programs.
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