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Top 10 Small Business Ideas In Nigeria
Eric Roth once said that our life is a definition of possibilities. Even those we miss. Brad Pitt said the same lines
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The point is that opportunities are all around you, you just have to be willing to take advantage of them. Are you tired of working for someone else and never making enough money? Maybe it’s time to start your own business in Nigeria! There are several ideas for profitable business in Nigeria. Many businesses do not need a large capital base.
For starters, look at the things that are in high demand in Nigeria. Follow up with research on how to become and launch a supplier of that product, service or skill.
Do you like cooking? Starting a food business may be the best idea for you. You can cook from home and offer other local activities. This is a profitable business idea that you don’t need huge capital to start. In addition to the cost of food, you will also need to hire some staff when you start booking more events. Your bill and service fees should cover these costs.
By storing palm oil and selling it during off-seasons, you can make a lot of money. Buy palm oil in February and April when palm kernel prices drop. Then sell it in July with a profit of 50-60%.
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Many organizations in Nigeria need transport but cannot afford to buy a car. Buying a bus (or multiple buses) can turn you into a transportation service. Schools, religious and non-profit organizations can outsource their shipping and logistics to you. Focusing on a sector such as education or e-commerce shipping is a good idea. You specialize, serve many schools and vendors, and develop a profitable business.
Security is not the sole responsibility of the government. The demand for excellent security services in Nigeria is increasing. You can start an agency, hire professionals or become a security guard. Another option is importing and selling safety products.
Property investment takes more upfront capital than some Nigerian business ideas. But if you have the capital, you should definitely look into buying land or property in Lagos. When you resell the property, the return can be up to 100%-200% profit. You can also rent office buildings or houses and earn monthly passive income.
Most jobs in the United States are now outsourced to other countries. Writing is one of those things. Most businesses have s and they also need web content for marketing materials. The demand for quality writers never diminishes. Offering freelance services from home is a good idea. You can also have a writing company, have online jobs and recruit writers from Nigeria to work for you.
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There are many day care centers in Nigeria. Most of them do not meet the high standards of the parents who use their services. If you are creative, love children and have a clean home or property, opening a daycare is a good business option.
The technology market is expanding. The United States also outsources many web-related jobs to other countries. You can learn web design and coding online and then offer web development services from home. This is one area where you can make very good money if you are a Techie.
The demand for custom clothing in Nigeria is huge. There are over 500 schools and businesses in Lagos with this need. There are also military and paramilitary groups that have such a great demand. Making special clothes for these groups will keep you busy for a while.
Also, you can take advantage of the COVID-19 pandemic and start a mask sewing business. The demand for N95 masks is so high that manufacturers cannot keep up. Many countries have approved the use of cloth masks instead. You can provide hospitals and other businesses with a high risk of exposure.
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This is a great option because you can start small and expand as your friends refer you. At Heroshe, we help small business owners buy their inventory in America. We never mark prices. You can have American products delivered to your home and then sell to family and friends. If you want to get started, watch our video on how the process works. Otherwise, you can register to get started.
These are just ten of the long list of profitable businesses to start in Nigeria. As long as you are entrepreneurial and creative, you can start a profitable business. Don’t be afraid to step out of your comfort zone – no risk, no reward!
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Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on logistics and upfront costs and more on getting your ideas off the ground. Let’s get you through the first mental hurdle of “I want to start a business, but I don’t have an idea.”
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These 26 small business ideas are a great starting point for startups, executives, or anyone with a busy schedule, allowing you to sidestep the business without giving up everything else.
To help you find inspiration to get started, we’ve compiled a list of 100+ business ideas divided into categories like fitness, clothing, and gaming.
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Buy stock, store, pick, pack, ship. Inventory management is a big undertaking when you run a business.
Dropshipping is an easy, cost-effective, business idea to start and our first good business idea. Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers on your behalf. It is one of the best business to start because it is low cost, manual and scalable.
You don’t have to manage any products yourself – you just have to make sales and send orders to your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can turn products from one or more suppliers into your online store under a theme that focuses on a specific niche, such as gear for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who fulfills it on your behalf. However, you are still responsible for your marketing and customer service.
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There are both local and overseas suppliers that you can work with as long as you can build a relationship based on trust with them – an unreliable supplier will have a negative impact on your brand.
Dropshipping is a great way to test the suitability of a product for the market and start a business before investing in your original product. Just make sure to always order a sample for yourself to make sure your supplier is reliable and the quality of the product is right for you to sell to your customers.
Excited to start a business but not sure where to start? This free, comprehensive guide will teach you how to find the best and newest products with high sales potential.
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Another delivery model, print-on-demand puts inventory, shipping and fulfillment in the hands of a third-party supplier. But unlike the dropshipping business idea above, the focus here is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, bags and more for your creativity. You can think of catchy slogans for developers or links that resonate with cat owners – if there’s passion and pride in the community, there’s a potential t-shirt business you can start.
Even if you are not a designer, you can still work using freelance sites like Fiverr, Upwork, Dribbble, or99Designs.
With many print-on-demand services, you pay per product, so the base price per unit will be more expensive than when you order in bulk. But the upside is that if a certain t-shirt design doesn’t sell, you haven’t actually paid for the item (just the design if you bought it outside).
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You can even use shirt mockup templates so you don’t have to spend extra money on a full photo shoot for each new design.
There are a variety of print-on-demand platforms you can work with, many of which can be integrated
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