Have you been searching for the hottest and lucrative business ideas.
Do you want to conveniently make money directly from home? If yes, then this article is for you!
A major barrier to many thinking of starting their own business is the perception that start-up costs are prohibitively high.
Here are some profitable business ideas
1. Local SEO Business Idea
SEO business idea is lucrative because it can make you wealthy with little or small start-up capital. Becoming an SEO expert means learning an improved variety of Search Engine Optimization techniques to help improve a website search engine rank.
But once you have learned a lot of ideas about SEO, you can even start your own company.
There are people who are making quiet a lot of money from their SEO businesses after going through digital marketing training and you would be surprised to know that they all started as an SEO.
You can start your own SEO company but before that, you need to understand what it takes.
To start up an SEO company is a very tough task. You can become an entrepreneur if you know how the search engine works and how to ensure your client’s websites rank increases after optimisation.
How to start an SEO business
Starting up an SEO business is not simple. You need to be very much defined by your core requirements, you need a process that works.
To start your own SEO company and make it successful, you should follow the checklist below:
- Gather the necessary knowledge
- Use tools to gather more ideas
- Start getting clients
To make your SEO business thrive, you have to understand the basics of website optimization and ensure you’ve implemented what you are bragging about. Calling yourself the best SEO company.will warrant you’re on top on Google search when prospective clients search for the highlighted keyword.
For you to successfully set up an action SEO company in Nigeria, you should have acquired all the necessary digital skills needed to succeed and to be called an SEO expert or strategist.
Before you start your company, you need to define what you want, how to get clients and how you want your company to grow.
2. Copywriting Business Idea
If you’re looking for a business with low-cost start-up opportunity? If you’ve got a way with words and business, then you might want to adventure into starting a copywriting business.
Whether in the form of direct mail, a web page or even a jingle, the copywriter’s job is to use persuasive language to sell or raise awareness of a product, idea or service – a skill that is very much in demand by some of the biggest brands in the world at large.
An intelligent and powerful
copywriter can convince the casual consumer to switch brand allegiance, generate leads and supercharge sales – the success of a campaign hinges on the quality of its written content.
Requiring only an internet connection and a laptop, as you will see from the list of online businesses, copywriting represents a very affordable start-up opportunity for someone with a good grasp of grammar and a way with words.
How to start a Copywriting business
You need to be very much defined by your core copywriting requirements and skills, you need a process that works. So, to start up your own SEO company and make it successful, you should follow the checklist below:
- Gather the necessary knowledge
- Decide you’re going into business for yourself
- Decide what kind of writing you’re going to do
- Get your portfolio together
- Pick a good name for your business
- Get a website
- Get a business card
A comprehensive understanding of the English language is a must – a major marketing campaign could become a laughing stock at the mercy of a stray apostrophe – but not just any willing wordsmith can make it as a copywriter.
3. Social Media Marketing Business Idea
Utilizing social media to its fullest potential can propel a business to the next level — if done correctly. Yet the world of social media marketing is still new to many people. A lot of businesses today who claim to be social media experts have consistently made these social media mistake swithout taking a look at the effect it has on their brand.
So entering the digital world can be intimidating to those looking to expand their online presence. For business owners who aren’t interested in handling social media marketing themselves, outsourcing is an option. And providing these social media services to other companies can be a business in itself.
If you’ve ever thought about how to start your own social media business, consider looking at existing social media companies.
These companies are social media management agencies and they basically specialize in maintaining the Facebook, LinkedIn, Twitter and blog presence for other businesses. Sometimes, these such companies also assist other business owners with planning social media strategy.
How to start a Social Media Marketing business
Starting up a Social Media Marketing business is not simple. You need to be very much defined by your core requirements, you need a process that works.
To start up your own Social Media Marketing company and make it successful, you should follow the checklist below:
- Gather the necessary knowledge
- Use tools to gather more ideas
- Start getting clients
- Create your own social media marketing agency from home
- Offer a wide range of social media and digital marketing services
- Have the products and tools necessary to find and close clients
- Up-sell and cross-sell your clients on other related and value-added services
- Create a website that advertises your services and gets leads
4. Blogging Business Idea
If you’re looking for the quickest and lucrative way to make money online, then the answer is blogging.
Blogging is turning out to an addictive part-time job for a lot of people around the world. Apart from being a great medium to express your feelings, expertise and experiences, blogs can turn into alternate means to earn some quick bucks.
Though blogging takes time before you can start earning big but if you implement the right strategy, you can start making money in less than six months.
With recession rocking the boat and intermittent layoffs and salary cuts – why not make some extra money through blogging. You need no special technical knowledge or literary abilities to start a blog.
How to start a Blogging business
Starting up a blogging business is relatively simple. To start up your own blog, monetize and make it successful, you should follow the checklist below:
- Pick a topic that you love
- Create a blog
- Build up traffic
- Build trust and credibility
5. Website Design Business Idea
Web design or development is another cool business that requires technical know-how to start making money legitimately online.
Deciding to start a web design or development business is not an easy task. It requires a certain degree of diligence, tenacity, ambition to begin working for yourself and a lot more things you need to knowbefore starting your web design company. You’ll be faced with some very hard decisions along the way that can impact the success and growth of your web design entrepreneurial venture.
Web designers aren’t required to have any specific training or certification as long as they have the skills to design a site. Although it’s not necessarily a requirement, a knowledge of coding and programming can increase opportunities and income. Web designers should have:
How to start a Web Design business
Starting up a website design business is not simple. You need to be very much defined by your core requirements, you need a process that works.
To start up your own website design company and make it successful, you should follow the checklist below:
- Acquire web design skill
- Calculate Start Up Costs (Hardware, design software etc)
- Establish Your Brand
- Create Your Own Portfolio Website
- Figure Out How Much to Charge
- Develop a Sales Cycle
- Get clients
6. Email Marketing Business Idea
Over the next few years, the acceptance of e-mail marketing as a means of advertising is expected to grow and you can place your own company to take a substantial share of the market by starting your own e-mail marketing business now and offering your clients first class services with proven results that would keep them coming back and referring others.
Email marketing companies basically help small, medium and larger businesses connect online with existing customers to promote the sale of goods and services.
Outsourcing email marketing services allow businesses to focus on other areas of business development.
Starting an email marketing company requires skills in creating email content and design elements that persuade customers to immediately make a purchase. An understanding of Internet marketing is also useful when creating email marketing campaigns targeted at specific customers.
How to start an Email Marketing business
Starting up an Email marketing business in Nigeria is relatively simple. You need to be very much defined by your core skills and requirements, you need a process that works.
With that said, you have to look at getting started with your own agency right away.
The steps I am talking about involves series of challenges, and you have to be proactive enough to surmount these challenges and get your digital marketing agency running in Nigeria.
How to start a Digital Marketing business
To start up your own digital marketing agency and make it successful, you should follow the checklist below:
Become vastly experienced in critical aspects of digital marketing
Read Also: Simple Guide To Digital Marketing
7. Affiliate Marketing Business Idea
Wouldn’t it be nice to earn ₦20,000 to ₦36,000 daily with affiliate marketing?
Yes.. that compounds to over ₦600,000 monthly.
The best thing is that you can start marketing other people’s product as an affiliate within minutes and it only needs less than ₦11,000 to start and then a daily profit of ₦20,000 to ₦36,000.
That’s basically using less than ₦11,000 to start the affiliate marketing business and earning ₦18,000 to ₦36,000 daily as profit.
Isn’t that cool?
I’m sure maybe at a start, ₦11,000 would sound very much for you.
But once you start banking profits, it will be recovered within a day.
This method I’m going to share requires a few basic skills of generating and monitoring traffic, English writing skills and a bit of patience too.
But before I start, I would like to clarify
- What affiliate marketing is and the different types of affiliate marketing.
- The advantages of being an affiliate marketer
Now, Affiliate marketing is basically when you are rewarded for helping a business promote and sell its product.
For example, if you sign up for Jumia.com affiliate program and promote its product then you will get a commission when the visitor you send from your site, blog or Facebook page makes a purchase
When you join Jumia.com Affiliateprogram and choose the products that you want to sell, Jumia.com will provide you with a unique affiliate code that you can use to refer traffic to Jumia.com.
When interested visitors click on these links from your site, blog or Facebook page they get redirected to Jumia.com and if they purchase a product or subscribe to a service you as the referrer make a commission.
Do you want to know the sweetest part of affiliate marketing?
You don’t need to sell products all the time to make a commission.
Yes… you really do not have to sell all the time to make a commission.
This is basically because different affiliate programs can use different payment terms such as:
- Pay per Sale: In this program, a product owner pays you a percentage of the sale price when the purchase is completed.
- Pay per Click: In this program, you get paid based on the number of visitors you redirect to the products owner website from your affiliate site, whether or not a sale is made.
- Pay per Lead: You get paid once the referred visitors provide their contact information on the target site by filling out a simple contact form.
Today, Affiliate marketing is considered to be one of the world’s fastest growing and best internet marketing techniques to earn money online easily.
How to start an Affiliate Marketing business
In this post, I explained how I used affiliate marketing to make money and a stepped guide to getting started.
However, starting up an affiliate marketing business in Nigeria isn’t as easy as you may think, although it’s lucrativeness is not questionable. You need to be very much defined by your core skillsand requirements, Also, you need a process that works.
To start up your own affiliate marketing business and make it successful, you should follow the checklist below:
- Acquire important affiliate marketing knowledge and skill
- Join a profitable affiliate niche
- Setup your affiliate marketing website
- Get a strategy for promoting affiliate products
- Grow your email list and frequently use email marketing tactic to promote links.
- Do it over and over again!
Read Also: How to Make money through Affiliate Marketing Program
These are some lucrative digital businesses you can start in Nigeria and following the stated steps, you can quickly start a business with low start-up capital.
Here is an infographic shared by Entrepreneur on how to set up your business successfully in Nigeria.
These profitable business ideas in Nigeria with small start-up capital article shall frequently be updated as long as there are new and paying online businesses springing up fast in Nigeria.