Are you searching for hot and profitable business ideas in Nigeria? Then you have come to the right place. I have noticed that contrary to what most people think, capital is not the greatest challenge of starting a business ; the greatest challenge is getting a very good business idea. This is why every potential business owner must take out the time to research profitable business ideas before they invest in. To make it easier for you, we have analyzed hot small scale businesses guaranteed to bring you huge profit in Nigeria. Plz I need a Business startup plan with k capital in Southwest…. Consult Amalfred for Fish farming and poultry Amalfred2gud14 gmail. Call or Whatsapp: Hello everyone, my name is Praise Nwolisa.
50 Best Small Scale Business ideas in Nigeria for 2020
How about starting a small business in Nigeria in ? According to research, the times of economic crisis and financial meltdown are the best periods to start a business. You know you want to start something for yourself. The cost of starting a business in this era of the internet and social media technology has greatly reduced. In this post, here are few validated business ideas you can start with almost no capital. There are many different reasons why people choose to drive with Uber. Some do it for the freedom to drive when and where they like. An average Uber driver earns within 80, — , Naira a week. Driving for Uber is one of the most lucrative business ideas in Nigeria right now. It does not only give you the opportunity to work when you want including nights or weekends but also give you the ability to earn some extra cash while doing so. While some drivers are doing this full-time, some only do it at nights after day job and on weekends. These are platforms where Nigerians are making a load of cash just by sharing engaging contents and building a loyal followers list. This is a business idea you also need to venture into if you are crazy about social media. Build up a following on any of this platform and you could quickly be approached by major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share. If you have hundreds of thousands of followers, you can easily charge anywhere between 15, — 50, Naira per post or more—which makes for a very profitable side business idea. You can get up to speed on building websites in as little as a few weeks by using a free tool like WordPress. Aside from having the opportunity to work on your own schedule, you can make as much as 50, — , Naira per website project. If you looking to greatly improve your web development skills, Andela is a great place for you to start and acquire the knowledge you need. I recommend showcasing your design skills on platforms such as Instagram and Facebook to earn a good customer base. Do you consider yourself a wordsmith? Setting yourself up as a freelance content development could prove to be a side-hustle or maybe even a full-time job.
The best business to start with little money
What are the best small scale business ideas in Nigeria? What is the best business to start in a harsh environment like Nigeria or Lagos for ? What are the best small business opportunities for Nigerians Investment Opportunities living in Diaspora or oversea? For quite sometime now, my email box has been filled with request from fellow Nigerian entrepreneurs asking for the fastest growing business opportunities in Nigeria which they can invest in. Before I proceed with any detailed explanation, I want to state clearly that there are untapped small scale business opportunities in every industry both in Nigeria and all over the world; you just need to dig deeper to find such niches. Now for those landing on this blog for the first time, i think it is important i introduce myself briefly. I am Ajaero Tony Martins ; an entrepreneur and investor, with a passion to share my knowledge and also learn from others. A company i control own the biggest business blog network in Nigeria and probably the fastest growing entrepreneurship blog in the world. Now from my personal experience and interaction with Nigerians both home and abroad, I came to observe that many people are interested in investing in Nigeria by setting up their own companies but fear seems to hold them back. I have met individuals who have been living and working abroad for over ten years; they have made a lot of money over there. But rather than come back to Nigeria and start a business, taking advantage of the currency exchange difference between the Naira and Dollar, Euro or Pounds; they would rather stay abroad because they are afraid of the uncertainty of doing business in Nigeria. Some even tried to invest in the stock market and they lost their money, not because the stock market is bad but because they lack the needed experience and knowledge to invest in the stock market. Well, I still invest in the stock market regardless of its ups and downs; because I have the needed technical know-how. Well, if you are one of such individuals that is scared of coming back to Nigeria to establish a company, the points below will help quell that fear. Now Nigeria still remains a hub for most entrepreneurs and investors. In fact, Nigeria is now the largest economy in Africa , the number one destination for Foreign Direct Investment in Africa and one of the fastest growing economies in the world. The list goes on and on but the point I want to stress is that this is the right time to invest in Nigeria. Please if you are in doubt of any of the information listed above, Google is your friend. Just do a search. There are over million people resident in Nigeria and the population in Nigeria is been predicted to overtake that of United States by Now what this means in essence is that the market is big enough to absorb any product, provided enough marketing and awareness is created. Another positive impact of this population statistics is that there is cheap labor. One of the reasons China grew to become an industrial hub is because of her large population, which in turn can be an advantage, with respect to cheap the cost of labor and market availability. Nigeria is fast developing and there is a huge need for innovative products. If you are resident in Nigeria, kindly reflect on the position of Nigeria ten years back and compare it with her present state; you will agree with me that there is a huge change. Between and , new companies were launched in Nigeria that disrupted their various industry. Nigeria is currently riddled with problems and the government is currently battling to tackle these problems. I am talking about challenges such as falling oil prices, security, infrastructural decay, unemployment, power failure, corruption, fall in education standard , accommodation, etc. The average minds believe these problems can never be resolved and if it is to be resolved, it should be done by the government. However, people with entrepreneurial mindset know that these problems are opportunities; and only those who act will turn these opportunities into profitable businesses. Between and , new private universities and higher institution of learning are springing up to bridge the gap.
1. Uberpreneur – Driving for Uber
Do you want to start a business in Nigeria with low capital? This is one of the reasons why you have got to look at starting a business in Nigeria. The ground is so fertile and there are loads of people to patronize you especially in cities like Lagos, Abuja, Onitsha, Portharcourt, Aba, Kano, etc. Even though entrepreneurs complain of the heavy taxes they are subjected to pay, it cannot be compared with doing business in some other countries. Here are some very lucrative business ideas to look at;. This is one profitable business that can bring in good returns on investment in Nigeria. Nigerians are people who love to eat more homemade foods than the fast foods, unlike their foreign counterparts. Things like rice, beans, garri, amongst other things are what would be sold. This type of business is also known as the recharge card business. This is one of the reasons why those in the recharge card business are doing so well. You too can join the train as you begin to tap into the market. There will always be the need to make a living even after giving birth. This is one of the reasons why day care centers make good money. The services they render is second to none and is indispensable.
How to Start a Small Business in Nigeria (Part 1)
Nigerian Latest news
I am a charcoal and cashewnut export of long standing. Export market is very different from local market, what we Even if you join leading online marketplaces, you still have to ship to them to ship to the customer. Please in respect to the feed formulation mentioned above, I don’t get the full meaning of Boss and I want On the Internet there is a lot of information for learning forex trading. Only the lazy will not find such Firstly, you need passion to stay long on forex market. These are practical business ideas in Nigeria that any serious person can start even with small money and conveniently end up with more than enough cash to cater for his needs. Nigerians are not lazy people as some wrongly assumed. The only problem that is affecting most Nigerians is the inability to sit down and properly think out their ways and come up with mzke business ideas. Start the business and run it well to attract the needed investors to push the business to the next levels. There are more than enough business ideas in Nigeria scattered all over our road ways, waiting to be tapped. The problem is that nigetia are closing their eyes on these business opportunities, preferring to go to another country to do mojey kinds of menial and demeaning jobs. We also wait right here at home only to have the foreigners employ us to work for them in our own country for business ideas we would have explored. What a shame! What that simply means is that our eyes are closed to the business ideas in Nigeria that we are being surrounded. As we can all see, another year has just begun and if nothing is done about it, believe me, it will niheria another story filled year. That is why I am bringing to you these top business ideas in Nigeria that is guaranteed to make you serious money this year. Do you know that you can actually start honey business with less than N50, and grow it to become a multi million naira business?
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