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Most times we often get stacked with numerous business ideas and don’t really know which one to start with, some prefer doing business in vogue and trend.
This reason is often okay but in most cases always end up in numerous competition that would eventually kill the business for those that cant keep up.
A whole of business have been in this situation right from the time of sport view centers, before cheaper satellite companies rolled in to disrupt the business, to recharge card selling and distribution that died just shortly after banks with telecoms industry choked it up by introducing virtual Top up service which allows existing customers to subscribe and purchase airtime right from your home.
If you seek a more general and more broad article on business ideas you should check out the article below.
Most Lucrative Business In Nigeria
Here are the top 18 lucrative business in Nigeria you can venture into with as low as 100k.
1. Game Centers.
When i was a kid i spent a lot of my time in Game centers because i loved computers a lot.
Young people and Adult want to have fun all the way, and one way they catch fun is by playing games.
Games like Play station, X -box 360 can be bought and offered as a service in your various locality.
You have to be very careful with the pricing so as the kids don’t end up stealing cash from their parents to satisfy their lust for games
2. Branding – Sales and Customizing of Sport Jersey.
Football team supporters always want to show how much they’re rooting for a team, you can become a major branding expert in customizing their sport jersey
3. Real Estate.
Real estate is becoming very big and a huge industry in Nigeria with over a 100+ real estate development companies presently existing.
You can become a real estate consultant and earn commission based on sales you make.
There are various real estate groups for you to join, Here is an article wrote deeply in real estate.
4. Soap making business.
Soap making business is another very lucrative business especially when packaged well.
There are various companies willing to pay your fortune to produce good soap for them especially detergent.
5. Perfume production business.
I know of a friend who produces perfume and is currently doing very well.
Not every Nigerian can afford foreign perfume.
you can start your perfume production today especially if it has a very good scent.
6. Jewelry production business.
Local jewelry like beads, necklace fancy head ties can be produced at very little or no cost and marketed at very good prices.
If you agree with me Network marketing have become increasingly popular with brands like Longrich, Foreverliving products have all created platforms for every one to make money by selling their products and bringing people along with you.
you can start your Network marketing business at little or no cost at all and begin to build your network.
You can read my article on network marketing .
- 10+ Top Network Marketing Company you Should Join In 2020.
- How To Join Forever Living Product And Make Money In 2020
8. Uber/ Opay driving.
With 100k you can get a drivers licence and begin driving an Under even without having a car.
There are so many people who lends their cars for Uber Drivers.
There are a lot of them around, Make sure to network with them.
Another bike hauling company presently shaking Nigeria is Opay by Opera.
You can sign up as an Opay driver today and start earning from as low as 200K
9. Hair styling Business
Do you have the skills to style hair you can make good money from it from offering home services.
You don’t necessarily need to have a shop, you can be all mobile.
The internet is your friend. make sure to go through this guide till the end, i have a package that would set you free for life.
10. Day care services.
There are so many young ladies who are willing to give up their kids for proper care and are ready to pay you for it.
A very good business if you have passion for Kids. you can start with your home, get toys, television and children learning aid materials.
11. Computer and phone repair services.
There are very few out of the entire Nigerian population without a computer or a phone or any form of tech gadget .
These tech gadget are likely to get damaged or need replacement , so therefore a problem arises and a solution is needed.
I strongly recommend that you check out this article on mini importation guide.
12. Disk Jockey.
Are you a young individual full of life and enthusiasm you can begin earning money as a disk jockey starting with your locality within your friends and family.
There are various people willing to pay to your services.
All you need to start a DJ business is a Laptop, and basically some speakers.
You can decide to outsource speakers if you have an event
13. Life / Business Coach.
Do you have an idea on building and developing new and existing businesses ?.
Do you have passion for people and development ?.
Becoming a life coach is not a bad at all, there a many various persons willing to pay you for proper consultations .
Social media is a very wonderful place to begin from as a life/business coach. You can also leverage church events and schools.
14. Sport Betting Agent
Sport betting is becoming increasingly popular in Nigeria,according to Alexa sport betting websites have become the most visited in Nigeria with over 30 million Visits daily. Various sport bet companies recruit agents to represent them nationwide and get paid in very high commission.
various sport companies in Nigeria include.
15. Bedspread /Bedding’s Production.
We have still have Nigerian who believe in Nigerian made products and don’t care rewarding you for very good services rendered.
With just less than a 100 K you can get materials for bedding and begin sewing bedding and bed spread then brand and resell.
16. Mini Importation.
Yes, Africa is a major market for furnished products and majorly tech gadgets, you can pick up products you are yet to see in Nigeria, Buy them for cheaper prices and sell here a list of them you can get are
- Men Shoes
- Wrist watches
- Kitchen Utensils.
- Phone Accessories
- Tech Gadgets.
Foreign tech companies always find it very easy to maneuver the African market for sales. Tech gadgets like phones, ear pads, power bank can be bought directly from the manufacturer at very cheap prices and sold here at custom retail prices.
Starting this business is not very stressful at all, you just need to get in touch with major suppliers in your location or country.
You can as well shop directly from the country of the manufacturer. If you are talking tech you should think no other country than China. All american tech and gadgets are designed in China even to the famous Apple inc. All tech packaging and refurbishing takes places in China.
If you intend buying from a confidential manufacturer, China is the best option. There are a whole lot of ways and option to get around this. Shopping from E commerce platforms like
Tech gadgets can be bought at extremely low prices and sold for huge profits in your local market. Double profits can be generated as well.
Simply visit these website mentioned above. Delivery takes about a month or two, depending on the type of order.
Here is an article on Mini importation , its very deep and explanatory.
Payment is usually made through an online processor provided by the platform, so don’t think you can do payment on delivery. Do your product sourcing, add them to your wish list and prepare a credit card to purchase what ever you might have carted for purchase.
17. Creating A Website/Blog .
If you have tons of knowledge or you have gift in writing articles or contents, this might be a better option for you.
All you need to start earning from your website is just a google account and unique content written on any topic of your strength.
To learn more on blogging, kindly click the link below to get started with blogging and make money.
18. Agro-Packaging And Distribution.
Africa and Nigeria at large is embedded with raw materials and useful ago by product most of which lacks packaging and proper distribution channel.
Take for example, Shea butter has been researched to be a wonderful hair care product and is mostly sought out by hair stylist and people in the beauty industry, yet Shea butter can only be found in the slums and in very unpleasant forms. Packaging and distributing Shea butter is one way to create your own product.
If you are worried about sales. A little spending on Facebook/Google ads could get your business very fast into the hands of potential customers.
You can use this same ideology to create some other wonderful products. Other wonderful products to be packaged and properly distributed are.
- Dry fish and so on.
The above mentioned can be packaged, sold to the local market and maybe exported if you could get major clients.
Lastly, marketing can be done via social media, i recommend the use of paid advertising to achieve maximum results.
Here is an article on exportation that i recommend that you read.
19. Start A Mini Pastry Business
We live in a fast world, the world is moving so fast at a very high frequency that even people prefer having fast and packaged meals than sitting minutes to enjoy either breakfast, Lunch or Dinner.
If you have talent in the kitchen and have passion for food. Starting a mini Pastry business can be suitable for you. Baking and proper packaging of pastries like Samosa, Finger-foods, Shawarma, Pizza, Barbecue and the likes can earn you a whole lot.
Starting with a minimum capital of 100k can help jump-start your business .
If you doubt me do a research on the story of top brands like KFC and Mc Donald’s. Their Journey into limelight can show you how profitable a mini pastry business is.
The above mentioned pastries can be sold at least $2USD/500Naira per pack and with consistencies it could later in the recent future generate huge amount of income for you.
Lastly , most people are scared of marketing, and do not like to venture in retail if you find yourself in this position here is an advice , you can start selling your products to Cooperate firms around you, like Banks, Corporate offices and industries, they usually like eating fast food because of the pressure during work hours.
Another sames channel is the internet, Social media can give your business huge popularity and thereby boost sales revenue. Do not hesitate to build an internet experience for your business.
And lastly, packaging, The food industry is highly competitive, what keeps you afloat of your competitors is packaging, always make sure you spend more time and money preparing your brand for the best look.
I highly recommend you check out my article on starting a catering business.
20 .Social Media Influencing.
Building a huge community around your favorite social media platform is called social media influencing .
A social Media influencer is any who utilizes social media platform to express their opinions on a specific brand consequently captivating and influencing their Audience
Having huge followers on Instagram, twitter and you tube subscribers gives you the leverage to showcase anything . Becoming a social media influencer does not necessarily mean you are a celebrity. You can come up with your own thing in order to attract followers.
The more attention and growth achieved overtime can make your social media bundle a target advert slot for companies and brands
Social media influencer get paid from as low as 200k to 1m per sponsored post depending on the amount of followers and relevance of content generated over time via a specific social media platform of all combined together.
Next on the To do list after meeting the above requirements is to decide the niche and what kind of contents to be published from time to time. This can be in form of Images, Short Videos or a full Video.
Recently a platform was launched in Nigeria to connect social media influencer with advertisers and it is called Hype.Buzz. Hype.Buzz simply allows advertisers create campaign and connect with influencers. You can sign up by clicking the link below.
To get more insights on becoming a social media influencer you can check out my article below.
Starting a new business is not usually an easy task this is more reason i decided to write this article and i strongly recommend you take out time to read it.
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