Because of the low level of economic development in Nigeria today, entrepreneurship has become inevitable, and people who want to survive not only exist need some ideas about the industry. There are so many high-return investments in Nigeria, and you can start immediately with good business ideas.
Alternative power sources
Nigeria’s major problem with electricity means that businesses’ alternative energy sources are thriving. Generator, inverter, solar power, and windmills are included here. Demand for these products is steadily increasing, and you can take advantage of it by starting a business in this field.
However, note that you may need a good amount of capital to start this business because of the cost of the products. You’d certainly sell them for a high profit, on the other hand.
Poultry farming is an ideal business for any location, including Nigeria. It includes the rearing for the end product of domesticated birds like chickens, turkeys, ducks, and geese. You can sell them as meat or food for their eggs. Poultry is one of Nigeria’s most successful enterprises, and you can also attract investors, depending on how well you run the business.
Email marketing is one of the best ways to reach customers digitally. Each Tom, Dick, and Harry have an email these days, which allows you to announce products directly. You can convert foreign people to customers for enterprises and pay in return using a good sales pitch.
If you have a good email strategy with proven conversion results, you will have more companies to come back and refer others as well. Today, most companies outsource this so that they can focus on other important things. The best thing about e-mail marketing is that you don’t need to start with a lot of capital.
Search Engine Optimization
Skills such as Search Engine Optimization (SEO) are increasing in demand as the digital field gains more importance. It is possible to start a small or no capital SEO business. You can easily learn this vital skill via rigorous online learning and research, or you can do it easily by involving an online SEO expert.
Marketing of contents
Content marketing is an important part of digital marketing and is currently used by more than 70 percent of companies in Nigeria. In this context, content (text, video, images) are created and shared through social media to raise awareness of a product for potential customers. This is part of a broader range of measures that a potential customer can convert into true customers.
You would be quickly in high demand with mastery of content marketing. To set up this business, you do not also need a large capital. Technical know-how is the most important.
From crèche to kindergarten and elementary school, owning a school would generate lots of income, although high capital is needed. Notwithstanding the number of schools you have, the unlimited number of students to pick out will allow you to thrive.
It would be best if you had significant capital, but you don’t have to invest millions in one go. Start small and expand the business with innovative ideas and commitment.
Used Cloths Importation
Boutique clothes are what everyone wants, but unfortunately, they can’t afford them, especially in Nigeria. Many people are poor and prefer the famous “Okrika” or clothing that is fairly used. This business opportunity is vast and can fit as many competitors as possible.
You can become a leading supplier of Okrika markets by importing fairly used clothing. This market has customers in the categories poor, average, and even rich. Start small again and expand again.
One of many businesses that would give you revenue every day is the car wash business. Structure a shop, buy the tools you need, and you’re good to go. Depending on your schedule, you can also work or manage your employees. There is no telling of your incomes if you can set up strategically in a place that has a high car population.
Almost every human goes to work or his place of business or transports goods. Being a fundamental feature of living things, everyone moves by transporting people or goods around you or paying for a fleet of vehicles. This basic need can be solved. Transport is an outstanding enterprise with room for all.
Mobile Phone Repairs
You can get your phone repair kit and start making good money with considerable training and little money. You need other communication skills that your customers will gain, and your business will expand quickly.
If you have experience in art or are likely interested in art, this business might be the best for you. You may take some courses in graphic design if you don’t have a background in art.
It takes little capital to begin this business. It’s just design software like Adobe Photoshop, Illustrator, Corel Draw that you need to start. Check how to become a good graphic designer.
Education is one of Nigeria’s most rapidly growing industries and is highly demanded as a result.
This business is yes for you if you’re very good at mathematics, science, or other subjects. Tutorials for students of the jamb, Waec, etc., can be organized.
You only need a space to start the business; you can start with a shed, a chalkboard or whiteboard, and a billboard or sign for your services to let students know.
Gas Cookers Business
Kerosene’s days are gone. There are now many households in Nigeria cooking with a gas cooker, resulting in gas demand.
It takes a little capital, a shop, gas cylinders (you can start with one or two), and basic materials like scale and shaft. This business needs little capital.
Many companies at least need a simple website to promote their products and services. In this regard, if your coding and designs are excellent, this is your best bet.
You can gain good fortune with this business from your home’s comfort—leverage freelance websites for endless opportunities like Upwork, Fiverr.
You can also read the 10 proven days to make money online.