There is no question that launching your own business involves risks. After all, unlike being employed in a stable company, there is no guarantee that your business will be able to provide you the security you need. However, having your own business in Nigeria also lets you build your wealth and gain financial freedom in a way that you won’t be able to when you’re someone else’s employee. To help you increase your chances of having a lucrative business, here is a list of lucrative business ideas that could prove to be profitable in Nigeria.
Fruit Juice Making Business
Trust me when I say Nigerians love sweet things and others love drinks with good nutrients. This business is capital intensive but if you can afford it, it’s well worth it.
You can make fruit juice for parties, cocktails, etc.; you can also make it and sell to restaurants, bars, eateries.
In this kind of business all you need to do is to brand and position your business properly, packaging matters a lot so you need to get it right.
Restaurants And Bars
Nigerians eat and drink a lot, some people can drink 7 bottles of beer in one sitting. Come to think of it if you have tens of such people who patronize you daily you can make good money from it.
You could spice it up with pepper soup.
Soap Making Business
Can you go a day/week without using soaps for dishes, bathrooms, toilets, cloths or washing your hands? I bet the answer is NO! If the answer is no and you have no job but want to earn extra income then why not try soap making. There are places you can learn for one, two, three weeks and be a professional in it.
Are you a writer and still wondering what to do with your writing skills? It’s time to stop thinking and use your writing skills to earn yourself cool money.
You can be a ghost writer, offer such services to organizations, brands and people who need it. Use Google to search gig websites, blogs, magazines and newspapers who pay freelance writers in Nigeria. This is a business you can do from the comfort of your home.
Other things you can write for people are; resumes, proposals, letters and Curriculum Vitae.
This is one job so many organizations look for. They need people who are good in reading between the lines and have good eye for spotting grammatical errors. If you serve in that position then why not take up such jobs and make good money from it.
Many people today want to have one or more tattoos/piercings on their body, you can be of good service to such people. Get the necessary materials then you are good to go. If you are not perfect in the business you need to learn it to become a professional because the fact of any business is if you are good, people will want to make use of your service.
Laundry business is another lucrative business in Nigeria. Many people are looking for individuals to help them with these services, and as we all know “looking good is good business”.
One good thing about this business is that you can do it from your home. People are making good money from it, why can’t you.
Modeling And Event Ushering
Your event can’t be complete without ushers to assist; also there are companies who need ushers when it comes to new product launch or corporate events. You can take up this business, have girls in you agency and begin to publicize your brand; sure you will see people who will call in for the service.
Most event are not well organized because of lack of good planning, that is why it’s advisable to get a good event planner when planning an event. If you don’t have a good event planner(s) for your event, then you may end up having flaws and people will talk badly about the event.
Professional Car Washing Business
This business is good if you can set it up in a strategic location. All you need for this business is space, constant water supply and staff to wash (2-3 to start with).
Other equipments include water pump, hose and nozzle, pressure washer, stand by generator, water storage tanks, vacuum cleaner, and sprayers. Also, space where your customers can sit, relax, if possible snacks can be sold close by, and this will attract customers.
Car wash business is so profitable that you can make up to 300,000 naira per month. If you don’t have the resources to do it alone you can partner with a friend to start the business or get a loan.
Computer Training/Internet Service Business
Now that almost everything is going digital, people are in search of computer knowledge. You can open a computer school where you will have to train people in different aspect that has to do with computer. E.g Website designing, typing, graphic design etc. An internet café can also be set in place to bring in additional income.
When we talk about fashion school it doesn’t have to be one BIG school, you can start small then as your business progresses you start opening other branches. There are people who want to learn about fashion designing.
Pure Water Business
Pure water business may be a bit challenging depending on how you see it. It’s a business you can’t start with little capital, why? You will need to have a borehole, necessary machines, fillers, tanks and other things in place. But, the bulk of it is purchasing the machines – but it’s worth it when you begin and work progressively. In a year with a well-planned marketing strategy you can make up to 10 to 15 Million naira.
You can start with sachet water and as you make profit you venture into bottle production.