53 MONEY MAKING IDEAS FOR STARTING A SMALL SCALE BUSINESS IN NIGERIA AND MAKING REASONABLE AMOUNT OF INCOME EVERY DAY
Are you thinking of starting a small scale business but wondering what to go into? This article will offer you some ideas on different businesses you can venture into.
This article is just to give you ideas about different small scale businesses in Nigeria. This article is written to give you a comprehensive breakdown of a particular business.
You will have to research more about any particular business you intend going into inorder to succeed. Getting a mentor is always a great way to go.
2) JEWELRY LINE BUSINESS
If this line of business appeals to you, all you need is to have reliable suppliers for bulk purchase and who will also give you at a discounted price.
4) NURSING HOME BUSINESS
6) COSMETICS BUSINESS.
This can be a very lucrative business for you once you are ready to put in the necessary work. People are willing to spend alot of money just to look good and if you have what they need, you will always make money.
7) MICROFINANCE BUSINESS
10) WOOD WORKING BUSINESS
To start a wood work or furniture business, you must consider these things; passion, skills and marketing strategies. Access yourself in these areas and work on the areas you are weak on. You can can aswell develop your strengths and manage your witnesses.
11) AGRICULTURAL BUSINESS
You can go into agriculture, specifically crop farming. Farming on a commercial scale is a very profitable business in Nigeria. In this line of business you really need commitment and patience.
12) FISH FARMING BUSINESS
13) SHIPPING COMPANY
Shipping business is one of the most profitable Nigerian businesses. You would have a high turnover in terms of profit. Ensure to get a mentor before going into it.
14) REAL ESTATE INVESTMENT BUSINESS
16) ELECTRONICS REPAIR BUSINESS
Electronic repair is another business you can start after you have been trained. I know some people in this line of business and they are doing very well. You will need a little capital to begin after you have acquired the necessary skills. People continue to require the services of electricians.
17 COURIER SERVICE BUSINESS
18) FREELANCE WRITING BUSINESS
If you have passion for writing this can be a great business for you. You can be a writer and work from home. All you need to start this business is an internet enabled device and time. You can do this as a side hustle or another source of income in combination to your Job. Writing is equally a great way of boosting your creativity.
19) ART AND CRAFTS BUSINESS.
20) BOUTIQUE BUSINESS
21) PEST CONTROL BUSINESS
Pest control has to do with the removal or eradication of pests in the environment. The pest control business has to do with removing pests such as harmful insects, rodent and reptiles in farms, commercial and residential properties. People are becoming more aware of the dangers that harmful animals pose. You will find this to be a good business.
22) GAMING BUSINESS
23) FABRIC BUSINESS
This is a robust business that needs experience. You should know the fabric you want to focus on. Ensure that you have a reliable supplier before going into the business. Getting a mentor is vital inorder to understand the intricacies of the business.
24) FUNERAL HOME BUSINESS
You can go into a funeral home business that supplies people with funeral accessories. This business is one that is always in demand. When you know your work very well, you will secure alot of businesses than you can handle.
25) SOLAR PANEL REPAIR BUSINESS.
26) CUPCAKE BUSINESS
Many people love cakes in Nigeria. You can go into the business of making cupcakes which you supply to as many people such as road side sellers, restaurants, hotles, eateries and even direct customers etc.
27) BLOGGING
The blogging business is for anyone who has the capability to write. It is one of the best ways to make money while working from home. All you need to start your blogging business is good internet access, good research skill, a laptop and time to invest. Ensure to obtain some basic skills in relation to search engine optimization.
28) SALE OF MOBILE PHONE ACCESSORIES.
Before going into this business ensure to have a good location for your business. You can choose to rent a space where you would be selling from, or you can also sell online and deliver the products to where they are needed. I know many people that are doing great in this line of business.
29) PLANTAIN CHIPS PRODUCTION AND SALES
This is a very easy to start business. You can start right from your kitchen. All you will need to do is place your brand name on the nylon of your plantain chips, and plan how , where and whom to supply them to and you are good to go. If you like this line of business just begin.
30) ICE BLOCK PRODUCTION AND SALE
Nigeria is located within the tropical climate region where there is an abundance of sunlight and heat. This is why ice block production and sales is a lucrative business here also, due to unstady power supply for refrigerating Products, many people resort to getting ice-blocks for the preservation of their frozen Products.
31) LIQUID SOAP PRODUCTION
The market for soap in Nigeria is so large that even the well-established brands are not fully meeting the demands. This is one business you should consider.
32) CAR WASH
You need only a little capital to start a car wash center. You can spice things up by setting up a sitting area decorated with a TV set where your customers can sit while their cars are being washed. Having your car wash location close to a bar or restaurant won't be a bad idea either. Customers can request for your service while eating and they can aswell eat while waiting for their cars to be washed.
33) MINI IMPORTATION
Search all the eCommerce websites available then get a procurement agent to purchase these items. The agent will then send the products to you, which you will then sell.
34) INFORMATION MARKETING
You can make money by making information into different forms such as a report, an ebook, video, or audio and then sell online. There are different platforms you can host your products for free and get paid when anyone buys them.
35) AFFILIATE MARKETING
Affiliate marketing has to do with selling products of a manufacturer by promoting the products on social media using your own affiliate link. You get a percentage from the profit when you sell these products. Products you can sell during affiliate marketing includes digital products or physical products. You can sign on with as many affiliate programs as you want and make money. Just master the art of lead generation.
36) WEBSITE DESIGN AND MAINTENANCE
Many businesses and individuals now have an online presence. These ones need someone to manage their online platforms. you can position yourself for these people in the process generate money for yourself.
37) CALL CARD BUSINESS
This is another popular business in Nigeria. There is hardly any adult who doesn’t own a phone and would need to recharge from time to time. While this line of business may seem outdated in recent times due to different channels of recharging phones. Reasonable number of people still prefer recharging their phones through this method.
38) FOOD CART/MOBILE FOOD BUSINESS
Food is one of the primary needs of man. It is no surprise it is one of the fastest selling products in Nigeria. If you want to start small, consider starting a food cart or food truck business. You will always make money.
39) SPORTS BETTING AGENCY
Many people are caught up in the world of sports and are willing to spend a fortune on it. All you need is a neat office space, a generator, a computer, a printer, an internet connection, and a fixtures board. If you are new to this line of business, Ensure to get advice from someone who is already successful in it.
40) CLOTH DESIGNING AND TAILORING
Fashion designing business requires having the skills. This is a business that can never go extinct because people will keep needing to wear clothes.
41) OKRIKA BALE BUSINESS
The okrika bale business has to do with selling second hand products such as clothes and shoes. This business is thriving very well in Nigeria because of the poor economy of the country. You can generate alot of profit from a single okrika bale. Hardly before you lose in this line of business.
42) DRIVING FOR UBER
Another business you can start is registering with a transport company such as Uber and driving for them.
43) SMALL CHOPS PACKAGING
This is another line of business that you may want to look into. Small chops is a light meal that many now use in occasions and parties. Starting a small chops packaging business is a lucrative business idea in Nigeria.
44) EMAIL MARKETING BUSINESS
This is a process of marketing by mail. A lot of Nigerians now own email address unlike before that was a little percentage of people. Email Marketing is one of the most effective ways of communicating with your Prospects and customers. It's less expensive and less time consuming. All you need to do is acquire email Marketing skills from an expert and you are good to go.
45) SOCIAL MEDIA MARKETING.
46) DRY CLEANING BUSINESS
Many are doing well in the dry cleaning business. You should consider starting one too. You can start it from your house and expand as you go. Get advice from someone who is already successful in it.
47) RESTAURANT BUSINESS
If You are passionate about this line of business then you should consider it. You can sell different types of food or a single type. This is another business that has been on the rise here in Nigeria.
48) CAR RENTAL BUSINESS
There are times people want to own a car for a few days for personal needs. You can go into renting out cars.
49) EGGS SUPPLY AND DISTRIBUTION
You can go into the supply of eggs to business such as cosmetics companies, restaurants etc. You can get your supplies from a poultry farm.
50) HIRE PURCHASE SERVICES
An hire purchase service is one where the buyer makes an initial down payment and pays the balance over time, with additional interests. For example, you can buy a vehicle and then give it out to a driver for a specified period of time in return for a higher price than you bought it.
51) SHOE MANUFACTURING
This may not be for everyone but if you have qualities of becoming a master of ceremony, this can be a great business for you. Nigerians are fun loving people, you will always be engaged.
53) CUSTOMIZED CLOTHING
People love to wear their custom T-shirts and polos with their own specific designs and inscriptions. You can go into the business of customizing shirts and other items. Focus on learning the skills and stay committed to your work and you won't worry about making money.
Lets begin.
1) TRANSPORT BUSINESS
1) TRANSPORT BUSINESS
So long as people are always moving from one place to another, you can decide to start a transport business.
This doesn't have to be a difficult thing. If you are passionate about transport business, all you need to do is to start from where you are with what you have and continue from there.
2) JEWELRY LINE BUSINESS
If this line of business appeals to you, all you need is to have reliable suppliers for bulk purchase and who will also give you at a discounted price.
3) PARTY RENTAL BUSINESS
This is another great business you can be making good money from. Nigerians love party, you will always have customers for your business as long as you provide great services. You can supply party equipments.
This is another great business you can be making good money from. Nigerians love party, you will always have customers for your business as long as you provide great services. You can supply party equipments.
4) NURSING HOME BUSINESS
Alot of people are so busy to take care of their aged parents and even babies. They will prefer to outsource if they have such Opportunity. You can set up a business and provide such service at home for people. If organized properly, you will earn alot of money.
5) POULTRY FARM BUSINESS
Poultry farming is a very lucrative business but like every other businesses, it requires skills and experience. You need to gain knowledge from someone who is already successful in this type of business. You also want to define your target audience and what poultry product you want to sell. E.g eggs or chicken.
6) COSMETICS BUSINESS.
This can be a very lucrative business for you once you are ready to put in the necessary work. People are willing to spend alot of money just to look good and if you have what they need, you will always make money.
7) MICROFINANCE BUSINESS
If you have the capital or can source for funds, you can get into a microfinance business. All you need is a good business plan to guide you on what to do per time.
8) TAILORING BUSINESS
Tailoring is a great business that will continue to be a much demanded service in Nigeria. A good tailor will always have business. All you need to do is to know your work and stay committed to it then you won't worry about generating money on a daily basis.
8) TAILORING BUSINESS
Tailoring is a great business that will continue to be a much demanded service in Nigeria. A good tailor will always have business. All you need to do is to know your work and stay committed to it then you won't worry about generating money on a daily basis.
9) TOMATO FARMING BUSINESS.
Starting this business is cheap it's one of the cheapest businesses to start in Nigeria. all you need is a large portion of farmland for cultivating it. You will equally need to do your research and get expertise advice. With these,you will know the variety of tomatoes that will do well in your location and also that will sell.
10) WOOD WORKING BUSINESS
To start a wood work or furniture business, you must consider these things; passion, skills and marketing strategies. Access yourself in these areas and work on the areas you are weak on. You can can aswell develop your strengths and manage your witnesses.
11) AGRICULTURAL BUSINESS
You can go into agriculture, specifically crop farming. Farming on a commercial scale is a very profitable business in Nigeria. In this line of business you really need commitment and patience.
12) FISH FARMING BUSINESS
This is another great business that is very lucrative. Fish farming is a nice form of farming in Nigeria. All you need is the capital to start the business such as building fish pond and stocking up. Knowledge about this business is highly necessary as one can easily lost all his or her capital when there's no adequate information to run the business.
13) SHIPPING COMPANY
Shipping business is one of the most profitable Nigerian businesses. You would have a high turnover in terms of profit. Ensure to get a mentor before going into it.
14) REAL ESTATE INVESTMENT BUSINESS
This can be a great business venture provided you are willing to learn how it works.
This is one investment that you won't loose your money. Focus on getting a good mentor that has gotten tangible results in real estate and do exactly what he or she tells you. The person will enable you to understand the financial, legal and Marketing related techniques inorder for you to become successful.
15) NETWORK MARKETING BUSINESS.
In recent times alot of Nigerians are going into network marketing business because it's one of the simplest and cheapest businesses anyone can do and make daily income in Nigeria. In network marketing you only have to be willing to learn from successful networkers and adopt patience as you engage in the business. If you do it right, you can earn alot of money within a limited period of time.
16) ELECTRONICS REPAIR BUSINESS
Electronic repair is another business you can start after you have been trained. I know some people in this line of business and they are doing very well. You will need a little capital to begin after you have acquired the necessary skills. People continue to require the services of electricians.
17 COURIER SERVICE BUSINESS
This is another profitable business. A courier service helps to deliver Products between the manufacturer and the retailer or consumer.
When done right, there's alot of money to be made. Before you begin ensure you have a detailed business plan on how to operate your business. Get in touch with those already in this line of business for proper exposure.
18) FREELANCE WRITING BUSINESS
If you have passion for writing this can be a great business for you. You can be a writer and work from home. All you need to start this business is an internet enabled device and time. You can do this as a side hustle or another source of income in combination to your Job. Writing is equally a great way of boosting your creativity.
19) ART AND CRAFTS BUSINESS.
Do you like art work? In most cases you mustn't be the producer. You can act as a distributor buy getting from the artist and selling to your audience. The concept is to have an interested audience that are willing and capable of paying for art work. With this, you are on your way to making reasonable amount of money. You can do this as a full time business or a side hustle remember that multiple streams of income is one strategy that all rich people adopt.
20) BOUTIQUE BUSINESS
Owning a boutique is a great business. Nigerians do not play with their looks. They can spend huge amount of money just to look good. All you need to do is to get a reliable supplier who would provide you with clothing and accessories. You can make your clothing store strictly a designer based one or sell a mix of designers’ labels (brands).
21) PEST CONTROL BUSINESS
Pest control has to do with the removal or eradication of pests in the environment. The pest control business has to do with removing pests such as harmful insects, rodent and reptiles in farms, commercial and residential properties. People are becoming more aware of the dangers that harmful animals pose. You will find this to be a good business.
22) GAMING BUSINESS
This is another area of business that alot of people are going into and they are doing well because people love gaming. In this business, all you need to do is to learn how it's done and the needed capital to get the necessary equipments.
23) FABRIC BUSINESS
This is a robust business that needs experience. You should know the fabric you want to focus on. Ensure that you have a reliable supplier before going into the business. Getting a mentor is vital inorder to understand the intricacies of the business.
24) FUNERAL HOME BUSINESS
You can go into a funeral home business that supplies people with funeral accessories. This business is one that is always in demand. When you know your work very well, you will secure alot of businesses than you can handle.
25) SOLAR PANEL REPAIR BUSINESS.
If you are technologically inclined this could be a great business for you but you must obtain adequate training on it's operation. Once you know your work you would be highly engaged.
26) CUPCAKE BUSINESS
Many people love cakes in Nigeria. You can go into the business of making cupcakes which you supply to as many people such as road side sellers, restaurants, hotles, eateries and even direct customers etc.
27) BLOGGING
The blogging business is for anyone who has the capability to write. It is one of the best ways to make money while working from home. All you need to start your blogging business is good internet access, good research skill, a laptop and time to invest. Ensure to obtain some basic skills in relation to search engine optimization.
28) SALE OF MOBILE PHONE ACCESSORIES.
Before going into this business ensure to have a good location for your business. You can choose to rent a space where you would be selling from, or you can also sell online and deliver the products to where they are needed. I know many people that are doing great in this line of business.
29) PLANTAIN CHIPS PRODUCTION AND SALES
This is a very easy to start business. You can start right from your kitchen. All you will need to do is place your brand name on the nylon of your plantain chips, and plan how , where and whom to supply them to and you are good to go. If you like this line of business just begin.
30) ICE BLOCK PRODUCTION AND SALE
Nigeria is located within the tropical climate region where there is an abundance of sunlight and heat. This is why ice block production and sales is a lucrative business here also, due to unstady power supply for refrigerating Products, many people resort to getting ice-blocks for the preservation of their frozen Products.
31) LIQUID SOAP PRODUCTION
The market for soap in Nigeria is so large that even the well-established brands are not fully meeting the demands. This is one business you should consider.
32) CAR WASH
You need only a little capital to start a car wash center. You can spice things up by setting up a sitting area decorated with a TV set where your customers can sit while their cars are being washed. Having your car wash location close to a bar or restaurant won't be a bad idea either. Customers can request for your service while eating and they can aswell eat while waiting for their cars to be washed.
33) MINI IMPORTATION
Search all the eCommerce websites available then get a procurement agent to purchase these items. The agent will then send the products to you, which you will then sell.
34) INFORMATION MARKETING
You can make money by making information into different forms such as a report, an ebook, video, or audio and then sell online. There are different platforms you can host your products for free and get paid when anyone buys them.
35) AFFILIATE MARKETING
Affiliate marketing has to do with selling products of a manufacturer by promoting the products on social media using your own affiliate link. You get a percentage from the profit when you sell these products. Products you can sell during affiliate marketing includes digital products or physical products. You can sign on with as many affiliate programs as you want and make money. Just master the art of lead generation.
36) WEBSITE DESIGN AND MAINTENANCE
Many businesses and individuals now have an online presence. These ones need someone to manage their online platforms. you can position yourself for these people in the process generate money for yourself.
37) CALL CARD BUSINESS
This is another popular business in Nigeria. There is hardly any adult who doesn’t own a phone and would need to recharge from time to time. While this line of business may seem outdated in recent times due to different channels of recharging phones. Reasonable number of people still prefer recharging their phones through this method.
38) FOOD CART/MOBILE FOOD BUSINESS
Food is one of the primary needs of man. It is no surprise it is one of the fastest selling products in Nigeria. If you want to start small, consider starting a food cart or food truck business. You will always make money.
39) SPORTS BETTING AGENCY
Many people are caught up in the world of sports and are willing to spend a fortune on it. All you need is a neat office space, a generator, a computer, a printer, an internet connection, and a fixtures board. If you are new to this line of business, Ensure to get advice from someone who is already successful in it.
40) CLOTH DESIGNING AND TAILORING
Fashion designing business requires having the skills. This is a business that can never go extinct because people will keep needing to wear clothes.
41) OKRIKA BALE BUSINESS
The okrika bale business has to do with selling second hand products such as clothes and shoes. This business is thriving very well in Nigeria because of the poor economy of the country. You can generate alot of profit from a single okrika bale. Hardly before you lose in this line of business.
42) DRIVING FOR UBER
Another business you can start is registering with a transport company such as Uber and driving for them.
43) SMALL CHOPS PACKAGING
This is another line of business that you may want to look into. Small chops is a light meal that many now use in occasions and parties. Starting a small chops packaging business is a lucrative business idea in Nigeria.
44) EMAIL MARKETING BUSINESS
This is a process of marketing by mail. A lot of Nigerians now own email address unlike before that was a little percentage of people. Email Marketing is one of the most effective ways of communicating with your Prospects and customers. It's less expensive and less time consuming. All you need to do is acquire email Marketing skills from an expert and you are good to go.
45) SOCIAL MEDIA MARKETING.
As the name implies; here you market on different social media platforms also known as online platforms. The sole aim is lead generation and sales. You can market for yourself or for clients. All you need is to learn is how to operate on different platforms you equally need to keep on collecting different online ideas to remain on top of your strategies.
46) DRY CLEANING BUSINESS
Many are doing well in the dry cleaning business. You should consider starting one too. You can start it from your house and expand as you go. Get advice from someone who is already successful in it.
47) RESTAURANT BUSINESS
If You are passionate about this line of business then you should consider it. You can sell different types of food or a single type. This is another business that has been on the rise here in Nigeria.
48) CAR RENTAL BUSINESS
There are times people want to own a car for a few days for personal needs. You can go into renting out cars.
49) EGGS SUPPLY AND DISTRIBUTION
You can go into the supply of eggs to business such as cosmetics companies, restaurants etc. You can get your supplies from a poultry farm.
50) HIRE PURCHASE SERVICES
An hire purchase service is one where the buyer makes an initial down payment and pays the balance over time, with additional interests. For example, you can buy a vehicle and then give it out to a driver for a specified period of time in return for a higher price than you bought it.
51) SHOE MANUFACTURING
I know alot of people who are in this line of business and they are doing well. Provided you know your work people will always patronize you. Acquire the skill and start from where you are with what you have.
52) EVENT MC
This may not be for everyone but if you have qualities of becoming a master of ceremony, this can be a great business for you. Nigerians are fun loving people, you will always be engaged.
53) CUSTOMIZED CLOTHING
People love to wear their custom T-shirts and polos with their own specific designs and inscriptions. You can go into the business of customizing shirts and other items. Focus on learning the skills and stay committed to your work and you won't worry about making money.
These are few lines of businesses you may want to consider if your aim is to start a small scale business. Always remember that you don't need to have huge amount of money before starting any business but you need to start the business before making huge amount of money.
Make the decision today and begin from where you are with what you've got and start working from there.
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