In a country like Nigeria where over 170 million people reside, it would be good idea to become an entrepreneur by starting a lucrative business right away.
If one has to list the businesses that can be done in Nigeria it would be a whole e-book that needs to be read from time to time, because there are a lot of hot business ideas in Nigeria.
In this guide, I would be giving you highlights on some lucrative business in Nigeria which you can start today and have good profit in the nearest future.
10 Businesses Nigerians Can Do:
It’s no doubt that many Nigerians rely on the internet for many things ranging from information, buying of goods online and even having fun.
So here I would break the e-businesses you can do in Nigeria into four because there are numerous online businesses that one can do.
a. E-Commerce: As many Nigerians would love to get their best products from online shopping malls, it would be wise for you to start an e-commerce store and you will definitely make profit from this business because the market are the people online and all you need to do is convince them to buy from your online store.
b. Digital Marketing: As big brands and even Small and Medium Enterprises (SMEs) begin to know the importance of digital marketing, you will achieve success by creating a digital marketing agency that would cater for the needs of brands.
c. Online Resource: You can create an online resource platform where people who seek a particular information would get, there are a few resource platforms like WikiHow that teaches people what they want to know, you would gain profit from search terms and this would be a good business you can start and make passive income.
d. Online Coaching: Coaching people online is a bit similar to creating an online resource platform but in this case you are dealing with individuals who need an in-depth knowledge of the information they are seeking for.
You will get a handsome amount of money after coaching a few individuals because they would be desperate to learn at all cost.
e. Ad-Network: The success of advertising networks like Google Adsense is enough to convince you that creating an advertising network is a profitable deal.
This is because thousands of businesses would want to gain exposure and it is the job of the advertising networks to connect brands to content publishers (website owners) who usually gain traffic.
These e-businesses will surely make you to become a success in no time because the two parties you need to get started would always be available.
Nigeria is a land where almost any plant grows and there are many agro-businesses you can engage in. The thing you would have to do is to make research on the topography that best suites the agribusiness you want to do.
There are many hot agribusinesses you can do in Nigeria, they include; poultry farming, fish farming, rice cultivation, plantain plantation, cocoa farming and many others.
3. Transport Services
Starting transport business in Nigeria would really bring in success; this is because a country as large as Nigeria needs people to move from one part of the country to another. You would definitely make daily profit if you strategize your business plan well.
The key to succeed in this business is to ensure you have your facilities on ground and to also ensure that the vehicles are in a good state before starting.
4. Exportation Of Goods
As Nigeria is beginning to realize its potentials, it would be wise for you to start exportation business, because there are a lot of things in Nigeria that can serve as a raw material ready for export and it would yield profit.
Start exportation business today in Nigeria and you will see success in no time.
5. Educational Services
As many Nigerians strive to be educated, starting a learning institution even at the cradle level to as high as the tertiary level will surely bring you profit. This is a sure venture that would bring you profit in a long term basis.
6. Snacks Making
Nigerians are snacks lovers and they hardly withstand the sight of any snacks they see when they are a little hungry that’s why you would realize that many biscuit brands exist and succeed in Nigeria. You can produce any snack that brings pleasure to the mouth and there would surely be a market for your snacks.
7. Water Business
Whether you would be producing sachet water or table water, you would surely succeed in your business because everyone drinks water at all age, at all economic situations and at any instance.
There can never be a time when you wouldn’t see customers that would patronize you. Many people would say that “Water business is not profitable”, but do you know that people in this business usually stick to it because they know what they are getting daily.
You should give water business a try and you would see profit, though it is capital and also labor intensive while starting but with time you will get a good percentage of your Return Of investment (ROI).
8. Hotel Business
As Nigeria being a tourism hub, you wouldn’t doubt that venturing into hotel business would be successful. There would always be more than enough people to lodge every day.
Even if there are no tourists, the number of conferences held each year in Nigerian cities should convince you that people into hotel business are making a lot of money from it.
9. Oil and Gas Business
As Nigeria is a nation blessed with crude oil, whether you are investing in the downstream sector or upstream sector you will surely succeed doing this business in Nigeria.
A lot of investors from within and outside Nigeria are making a lot of profit from the oil and gas sector and it is also not rocket science that Nigeria solely depends on oil as its major source of funds.
The oil and gas sector can be further broken down into refining of oil, petrol haulage, selling at petrol filling stations, fuel importation, kerosene business and many others, in this business there is always room for anyone who wants to invest.
10. Car Wash Business
With many Nigerians owning their private cars, you can start a car wash business today with a few hands and you would just be catering for the needs of the numerous car owners in Nigeria by making their vehicles look clean.
Car wash business is indeed a good business you can start in Nigeria.
I hope this article has shown you lucrative businesses you can do in Nigeria that will grow to become very profitable
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