Here in this post, we are going to list out 50 Untapped Business Ideas in Nigeria. We hope you will find this article both educating and informative.
Here in Nigeria, there are lots of business ideas which are left untouched where they are. Lots of thriving business ideas which one can choose from to start at the moment.
The popular business ideas which we all know have been flooded with people in it, despite the flooded people in it, yet the business is still booming.
But would it not be better for you to step into a business that is fresh with no one in it or just few people in it and reap great profits from it while you can than going to share the profits coming from a flooded business already.
Nigerians are known for their high business sense, despite the situation of the country, there are still people who deem it fit to go into business and bear the risks so at the long run and they can make good profits.
What to expect in an untapped business:
There are some things you should be sure of seeing in an untapped business.
- Few people in the business
- Slow but steady sales or profits on business
- Zero competition
- Probability to be the best in the business
These are things to expect if you are going into an untapped business idea.
Also for you to bring out the best in your business there are some qualities you have to possess to be able to make it good out of this business.
Developing passion for your business is what will act as a fuel to strengthen you in times when you face low sales and no sales or low patronage. If you do not have passion for the business, then it is better you do not go into the business at all.
Having the right skills in the line of your business will also prove to help you carry on, it will also give you the chance to improve on those skills.
For example you love tech and you have tech skills, go for a tech related business. Doing this will help you direct your energy and passion in the right place.
3. Have A detailed Plan for your business
It is important to have a detailed plan for your business so you do not step off track in the course of business. Most times when you are facing high returns, you may tend to just spend extra in purchasing extra materials or expansion. Your plan should have room for Plan B in case of a necessity.
4. Always start with your financial capability
Do not go for a business that will dry your pocket up while you are still trying to stand in your business. Always plan financially as your pocket can carry you.
Business grows by stages, you cannot start a business and not face a challenge in your business, so be ready for financial challenges, cause they are the worst type of challenges in a business which can lead one to frustration.
After all said and done, let us look at some untapped business ideas in Nigeria;
50 Untapped Business Ideas in Nigeria
1. Snail farming
Many people are ignorant about the sale farming, people think because of its little nature means it cannot bring forth good money.
Little do they know that snails do not cost much to rear and if you start with 50snails, you can get a lot of money when they mature by selling to hotels or eateries that have snails included on their menu.
Here is the tricky part, A snail lays up to 500 eggs, if you start with 50 snails, and they give you 400 snails each, when they mature, you will sell 20,000 snails.
Now selling 20,000 snails for maybe minimum of 50naira each to buyers, you will make 1,000,000naira after selling all. This is for something that will not cost you more than 100,000naira to train and feed.
2. Rice farming
People still look down on what we have in abundance within us. Ebonyi state and Kebbi states are top producers of rice in Nigeria, yet we still import rice.
Anyone can decide to take up the business, buying the processed rice form rice mills in either Ebonyi or Kebbi state and package it with your own attractive packaging and sell to people. You could even export it.
3. Mobile Fruit Juice Production
People do not know that making fruit juice just got easier and better. Without much chemicals and additives, you can make your own fruit juice naturally, and make your business mobile.
People will patronise you. Even if you do not want to make it mobile or natural juice, just go into fruit juice production, instead of leaving it to the few big names to occupy the market alone, you too can strive for a space.
4. Cleaning Services
Doing a cleaning job is another trending business especially in Lagos and Abuja. It is not populated; you can venture into the business and make your way in it.
5. Garri Production
People have forgotten that this is one business that does not need any advertising to sell. People eat Eba everyday at homes, eateries and restaurants.
So going an extra mile in giving garri a prestigious business face will make it look outstanding. Just like D’banj’s Koko Garri.
6. Mobile Car wash
Many people have not known about this new style of car wash, as you can take your business anywhere you want it and wash the cars of your customers. All you need is to get the car wash vehicle which has all the necessary equipment for the washing of a car.
7. Online advertisement agency
One of the best ways to go about an advertisement is to do it online, as almost 80% of Nigerians use social media every day.
So anybody who can take up the challenge of starting up an online agency is sure to gain a lot of business customers. You have to be creative in your thinking to survive in this business.
8. Event Planning company
Events need a lot of planning in order to be successful. Event planners are limited to a few numbers of individuals. If you can get together a team that is dedicated to planning of events, you are sure to build a company from the scratch to be a big business
9. Home tutoring
If you consider offering your services to various homes which need extra tutor classes for their kids. You can get paid handsomely well if you are good at what you teach and if they notice positive changes in their kid’s performance, you can have a raise in payment.
Read Also: 8 Steps to Start a VTU Business in Nigeria
10. Pet breeding
The best pet anyone can have is a dog, and people love to get new puppies and raise them till they are grown, while you can start with a few mature dogs, train them and when they mate and give birth, you can sell the puppies.
In highbrow areas, a Rottweiler puppy costs about 250,000. Imagine having about 6 puppies, which will give you about 1.5million naira on the sale of the puppies.
Other business ideas untapped will be listed in no particular order of importance.
- Manicure and pedicure
- SEO consulting
- Event ushering
- Office supply business
- T-shirt Production
- Production of stain remover
- Liquid soap making
- Employment or recruitment agency
- Fashion designing
- Real estate investment
- Distribution business
- Event hall leasing
- Ogbono seed production
- Palm oil production
- Piggery business
- Affiliate Marketing
- Painting Company
- Freelance writing
- Computer programming business
- Waste management business
- Solar/Inverter sales and installations
- Rental services
- Business Management Consultancy
- Gas cylinder supply
- Soap making
- Language Schools (Nigerian languages especially)
- Forex trading
- Waste recycling
- Vehicle hiring
- Ice block production
- Home delivery services
- Drop shipping
- Dried meat processing and packaging
- Online tutorial business
- Unisex saloons
- Software development business
- Wallpaper production
This list was compiled based on business that have no or few people indulging in the business. Most of these businesses have not yet been flooded by people in the line of business. You can learn the running of the business and go into the business fully.Click here to see the latest Study Abroad Scholarships and Guides
Click here to see the latest Jobs opportunities in Nigeria.
Click here to Join Recharge and Get Paid
Click here to Read Latest School News in Nigeria