I know some people would say “What about capital?”, but the
fact is that not every business requires huge capital to set up. There are
even some businesses that could be started for less than N10,000 or N15,000, so
capital really shouldn’t be so much of a stumbling block that would stop any
serious entrepreneur from starting
small and building a profitable business in Nigeria.
Here are ten lucrative business opportunities that you should consider venturing into if you’re looking to start your own business.
1. Poultry Farming
Poultry farming is one of the best and most lucrative
business ideas in Nigeria right now. This has a lot to do with the fact that
Nigerians love meat a lot especially Poultry. Just go to a party on any
Saturday and you’ll see just how much poultry meat is consumed in these parties
every week. Let’s not even talk about the ones we consume in our homes, in
restaurants and eateries.
The demand for poultry meat is so high that a lot of
dealers of poultry products resort to smuggling these items in from neighboring
Republic of Benin just to meet up with demand. This ought not to be so
considering that poultry farms are fairly easy to set up and could even be set
up in your backyard. There are lots of products you can sell as a poultry
farmer; you can package and sell frozen poultry meat, you could distribute and
sell eggs or you could eve sell day-old chicks to other interested poultry
farmers.
2. Snacks making
Snacks making is another hot business opportunity in
Nigeria. If you’ve ever been on Lagos-Ibadan express road or on Benin-Ore
express road, you would see how lots of Nigerians make their living from selling
pre-packaged snacks like plantain chips, Coconut Chips, Potato chips, Chin-Chin
and Popcorns to mention few.
You can set up a similar business as well and supply your
products to supermarkets, schools and grocery stores or get salesmen to help
you sell them at roadsides and in strategic selling places for a commission.
3. Metal scrap trading
This is a business that a lot of people would ignore due to
its ‘messy’ nature but this messy business has turned a lot of Nigerians to
millionaires.
It’s really simple, what needs to be done is to look for
people who can go around to pick or buy metal scraps if you cannot do so
yourself. Or you could set up a metal scrap depot where people can come and
sell their metal scraps to you for a token. These scraps are usually bought by
importers in China and other countries for production.
4. Livestock feed production
If you noticed, Nigerians have embraced agriculture these
days like never before and livestock farming is becoming increasingly popular.
But like I always tell people, don’t do what everyone is
doing.Instead you should look for how to provide what everyone is lacking. So
instead of going into livestock farming, consider production of livestock feed
that livestock farmers would use to feed their animals.
5. Mobile fruit juice bar
Nigerians have learnt to pay more attention to their health
and eat right and at this time, nothing would sell better than natural fresh,
fruit juice in a mobile cart which people can use to quench their thirst on a
hot afternoon in place of soda.
6. Furniture making
You could also consider making furniture for home and
office use. You don’t have to be a furniture maker yourself to start this
business; you could employ good furniture makers who you would employ to make
solid furniture for you and simply handle the marketing and promotion aspect of
the business.
7. Mobile food vendor
You would agree with me that Nigerians don’t joke with the
“stomach infrastructure”.This is why a mobile restaurant would be a great idea
especially for the working class ones who barely have enough time to grab a
bite before leaving their homes every morning.
8. Online tutoring
This is another business that is fast gaining a strong
reputation in Nigeria. It involves training people on short courses, helping
students with assignments and projects and basically imparting knowledge over
the internet.
9. Fitness and beauty consultant
Call us vain but we are Nigerians and we love looking good.
Ten years ago, this kind of business may not have made sense, as fitness was
kind of an alien concept to Nigerians. But these days, just claim you have any
product that would make people slimmer, lighter, have flat abs, pink lips, long
hair, full lashes or enhance the body in anyway; you would have dozens of
Nigerians swooning to you like bees do to honey.
10. Mini importation
Lastly, you can start a mini-importation business and start
making money from importing items like laptops, phones, computer and electronic
gadgets and accessories, clothes, shoes, jewelries and any other hot selling
product in Nigeria.
Taxi business
With car apps like Uber and Taxify, it’s quite easy to
start a taxi business even if it’s your personal car. You just need to get
registered on any of these platforms and you’re good to go.
Creche
Busy professionals are often in a dilemma of where to put
their kids when they are working. This is where a creche comes in. You can
offer to provide this service for working class or busy mum. But you should
make sure your creche is neat and well-furnished.
Home tutor
If you have a good grasp of some secondary school subjects,
you can start a home tutoring service. There are many students that need
assistance for their school work and this is where you can make some cool cash.
Phone sales and repair
Everybody uses a phone these days and at some point in
their phone’s life cycle, they might need to get it repaired. You can start a
mobile phone retail outlet along with a repair service
Home cleaning
People are busy but they need to get their homes cleaned.
And a lot of folks have become wary of getting a maid. Hence a home cleaning
service seems like a viable alternative.
You can either offer this service by employing cleaners and
overseeing them.
Hair stylist
You can meet the hair dressing needs of women by starting a
hair styling business. You don’t need to be a hair stylist to get started. All
you need do is to rent a shop and get it equipped. Then you can employ a
stylist to provide the necessary service while you run the business.
Cat fish farming
Cat fish farming is quite lucrative with farmers recording
profit in millions during harvest. Unlike crop farming, you don’t need a large
space to get started. Interestingly, it takes just a few days to learn the
basics of this business.
Poultry business
Poultry business is another lucrative business opportunity
particularly for the eggs whixh is a staple in the average Nigerian diet. Also
you can sell your birds during festive period.
However, your poultry business requires proper supervision
and care if you want to reap an abundant harvest.
Event planning
With owambe parties happening almost every Saturday in
various parts of the country, there’s a need to plan these events properly.
You can pitch your service to your friends and
acquaintance. And if you’re able to do a great job, your business will grow
organically by word of mouth referrals.
Real Estate Agency
If you can network effectively with the right people you
can build a profitable real estate agency.
For every rent or sale, you will get a commission and sometimes this fee can
run into millions of naira.
Photography
People love good pictures and any photographer that can capture
beautiful moments is certainly going to be much sort after.
If you don’t have the skills, you can learn the business
provided you’re passionate about it. The business is quite profitable and you
can earn in millions if you’re really good.
E-commerce
A compelling reason to start an e-commerce business is the
low barrier of entry. Unlike a physical store, you can open an online store
with less than N500 000. As a matter of fact, you may not need to hold the
physical inventory that you sell. You just need to know the suppliers and know
how to get the product once a customer makes an order.
Gym or Fitness Instructor
If you’re a stickler for being fit and you have an amazing
body to validate your passion for body building, you can offer your service to
people. As a matter of fact, you can use your earnings from this service to
equip and open your gym. This can further increase your revenue and as your
vision expands, you can choose to open several fitness centres in different
parts of the state.
Beauty & Makeup
The beauty industry has grown exponentially in recent times
and almost every young lady these days seems to be interested in beauty and
makeup.
Interestingly, you can learn the art of makeup in a few
weeks. Additionally, you can include other services in your venture such as the
sales of cosmetics and other beauty products.
Employment Agency
A large proportion of the Nigerian populace is either
jobless or underemployed. If you have the skills, you can start a recruitment
or employment agency to bridge this gap.
You can start by pitching your service to small and medium
scale business then progress to the working with larger organizations.
Travel Consultancy
Travellers are always looking for the best prices and
travel agents that can proffer solutions travel issues.
Starting a travel consultancy can be quite lucrative
especially in Lagos. However, you’ll need to take some IATA training courses
that will ensure you become a certified travel agent.
Logistics Business
With the rapid rise in e-commerce business and with the
need for people to move things from one place to the other, the logistics business
has grown rapidly in recent years.
You can serve as third party logistics (3PL) for businesses
or any of the thriving e-commerce platforms. However, you should do some
research properly before you start this business.
Bakery Business
Everybody loves bread. You can start a bakery business in
your neighbourhood. Also, you can include different delicious varieties of
bread in order to give your customers many options and keep them coming back
for more.
Bakery business is certainly lucrative if you do your
planning and research. Also, you should have enough capital to start and
maintain your business for a couple of months before you break even.
Education and tutorial centers
This is a notch higher than starting a home tutorial. In
this way, you can increase your revenue by catering for students that need
assistance especially when preparing for exams like WAEC, GCE and JAMB.
The success rate in these exams is usually below average
and you can set up a tutorial centre that caters for these students and you’re
sure to receive massive returns on your investment.
Computer schools
Twenty years ago, you could rise to the top of your
profession with a little or no knowledge of computer. But these days, you
won’t even get an entry level job without basic computer skills. This is why
setting up a computer school can be a lucrative business opportunity.
Satchet water business
A satchet water venture is another popular business
opportunity which you can never have enough since people are always drinking
water on the go.
Bead production
Bead production is another growing business venture.
Wedding events take place every weekend and one of the popular accessories worn
by the bride and groom is beaded jewelry.
Pharmacy store
If you’re a pharmacist, it’s quite straightforward. On the
other hand, if you’re a non-pharmacist, you’ll need to partner with a
pharmacist to setup your store. You can select a neighbourhood where the
pharmacy stores are sparse.
Pet breeding
There are many lovers of pets especially dogs in Nigeria.
You can specialize in exotic breeds like alsation, chihuahua, rothweiler and so
on. But you will need to invest a little money in getting these breeds.
Barbing salon
Every man loves a great hair cut and they will pay any
amount to get the right barber. If you can get expert barbers, you can start a
barbing salon.
Printing Press
There’s always the need to print especially with
individuals, small scale as well as medium scale businesses. You can offer your
printing service to this target market and you’ll be smiling home from the bank
in a short while
Painting service
It is very easy to learn the art of painting but if you
don’t want to, you can employ painters while you focus on marketing the
business.
Catering service
Wedding events, birthday parties and business meeting
always involve an item 7 (food) and the service of a caterer is always required
in this case.
Furniture business
It’s not so difficult to starting a furniture business even
if you can’t make the furniture. However, you will need to market your products
and get enough clients to sustain your business. Also, the furniture business
can be very lucrative due to the high margins.
Driving school
Owning a car in Nigeria is more of a necessity than a
luxury. As a result, there are new people every day looking to learn how to
drive.
Once you can obtain the necessary permit from the Federal
Road Safety Commission, you can kick start your driving school with a couple of
vehicles.
Laundry business
Drycleaning is another lucrative business especially in the
urban cities. Most people hardly have time for themselves due to their busy
work schedule as a result; dry cleaning or laundry business has grown to become
very lucrative.
Soap making
Soap making is quite easy to learn and can be very
lucrative if you can properly advertise your service.
Recharge card business
Recharge card business can be very profitable especially if
you’re involved in the wholesale aspect of this business. With many resellers
buying from you, you can receive a high turnover due to large quantities sold.
Web design
Every organization has come to understand the essence of
having a website as a result the need for web designers has skyrocketed in
recent years. You can work as a solo web designer if you have the skill or you
can set up an agency involved in web design.
Fashion design
Fashion design has become a trendy career option in recent
times. From young school leavers to university graduate, this vocation has
become a viable business option and it’s quite lucrative
Blogging
Once upon time nobody thought blogging could be a lucrative
business opportunity until a certain Linda Ikeji made it quite popular with
billions of naira in her account as a result of owning a blog. You too can
start a blog today and start making cool cash after few months — provided you
play your cards right and target the right audience and topics.
Freelance writing
Freelance writers are in high demand by many companies due
to the proliferation of websites and the need to promote content.
Plumbing service
Plumbing is another high demand business option due to the
dearth of professionals in this vocation, people often try to find a company as
professional as the Arizona Plumber team.
As a result of the small number of plumbers, if you offer a plumbing service
you can charge a reasonable amount of money and the number keeps going if
you’re really good at what you do.
Electrical service
Lighting and electrical service is often needed by
people from time to time. From churches to project managers, there’s always a
reason to hire the services of an electrician or lighting professional.
Nursery and Primary School
Starting a school is another viable means of creating a
steady stream of income. However, this business can be quite capital intensive.
Fast Food
Everyone needs to eat but only a few have time to prepare a
proper meal. This is especially common in urban centres where most working class
individuals barely have enough time for cooking. You can employ cooks or you
can provide the service yourself if you’re a great cook.
Hotel Business
People travel all the time and they often need a place to
stay. Providing a hotel service can be a way of meeting this need. However, you
will need ample capital to build a hotel or refurbish an existing building.
Food export
With an increasing need to generate foreign exchange, food
export has become a great way to generate income in dollars. However, there are
constraints in getting the necessary permit before you can begin to export food
items.
Importation
With the country largely dependent on foreign imports, you
can join the train by identifying a product that is in huge demand and
importing it into the country to sell to your numerous customers.
Online Advertising
Almost everyone spend a large chunk of their time on their
mobile devices as a result, marketers need to reach people through online
means. You can take some courses online with regards to online advertising and
digital marketing and you’re good to go.
Showbiz
The entertainment industry comes with a lot of
opportunities. You just need to study the industry and find out these
opportunities and in a short while you’ll be counting your cash.
Retail
Retail is one of the easiest businesses to start yet it
comes with a reasonable return on your investment. An example is starting a
retail supermarket in your neighbourhood.
Wholesale
Although the margins in any wholesale business are much
lower than retail, you can get your wholesale business running if you can reach
out to businesses in your niche.
Snack making
Making pastries and snack is another hot business
opportunities. You can make these snacks in bulk and sell to retailers.
Snail farming
Snails are a great source of protein but they are quite
expensive. You can set up a snail farm where you can breed them and sell them
in the market.
Wrapping up
Once you can identify the right, you should do your due
diligence in terms of market research then get started.
I know some people would say “What about capital?”, but the
fact is that not every business requires huge capital to set up. There are
even some businesses that could be started for less than N10,000 or N15,000, so
capital really shouldn’t be so much of a stumbling block that would stop any
serious entrepreneur from starting
small and building a profitable business in Nigeria.
Here are ten lucrative business opportunities that you
should consider venturing into if you’re looking to start your own business.
1. Poultry Farming
Poultry farming is one of the best and most lucrative
business ideas in Nigeria right now. This has a lot to do with the fact that
Nigerians love meat a lot especially Poultry. Just go to a party on any
Saturday and you’ll see just how much poultry meat is consumed in these parties
every week. Let’s not even talk about the ones we consume in our homes, in
restaurants and eateries.
The demand for poultry meat is so high that a lot of
dealers of poultry products resort to smuggling these items in from neighboring
Republic of Benin just to meet up with demand. This ought not to be so
considering that poultry farms are fairly easy to set up and could even be set
up in your backyard. There are lots of products you can sell as a poultry
farmer; you can package and sell frozen poultry meat, you could distribute and
sell eggs or you could eve sell day-old chicks to other interested poultry
farmers.
2. Snacks making
Snacks making is another hot business opportunity in
Nigeria. If you’ve ever been on Lagos-Ibadan express road or on Benin-Ore
express road, you would see how lots of Nigerians make their living from selling
pre-packaged snacks like plantain chips, Coconut Chips, Potato chips, Chin-Chin
and Popcorns to mention few.
You can set up a similar business as well and supply your
products to supermarkets, schools and grocery stores or get salesmen to help
you sell them at roadsides and in strategic selling places for a commission.
3. Metal scrap trading
This is a business that a lot of people would ignore due to
its ‘messy’ nature but this messy business has turned a lot of Nigerians to
millionaires.
It’s really simple, what needs to be done is to look for
people who can go around to pick or buy metal scraps if you cannot do so
yourself. Or you could set up a metal scrap depot where people can come and
sell their metal scraps to you for a token. These scraps are usually bought by
importers in China and other countries for production.
4. Livestock feed production
If you noticed, Nigerians have embraced agriculture these
days like never before and livestock farming is becoming increasingly popular.
But like I always tell people, don’t do what everyone is
doing.Instead you should look for how to provide what everyone is lacking. So
instead of going into livestock farming, consider production of livestock feed
that livestock farmers would use to feed their animals.
5. Mobile fruit juice bar
Nigerians have learnt to pay more attention to their health
and eat right and at this time, nothing would sell better than natural fresh,
fruit juice in a mobile cart which people can use to quench their thirst on a
hot afternoon in place of soda.
6. Furniture making
You could also consider making furniture for home and
office use. You don’t have to be a furniture maker yourself to start this
business; you could employ good furniture makers who you would employ to make
solid furniture for you and simply handle the marketing and promotion aspect of
the business.
7. Mobile food vendor
You would agree with me that Nigerians don’t joke with the
“stomach infrastructure”.This is why a mobile restaurant would be a great idea
especially for the working class ones who barely have enough time to grab a
bite before leaving their homes every morning.
8. Online tutoring
This is another business that is fast gaining a strong
reputation in Nigeria. It involves training people on short courses, helping
students with assignments and projects and basically imparting knowledge over
the internet.
9. Fitness and beauty consultant
Call us vain but we are Nigerians and we love looking good.
Ten years ago, this kind of business may not have made sense, as fitness was
kind of an alien concept to Nigerians. But these days, just claim you have any
product that would make people slimmer, lighter, have flat abs, pink lips, long
hair, full lashes or enhance the body in anyway; you would have dozens of
Nigerians swooning to you like bees do to honey.
10. Mini importation
Lastly, you can start a mini-importation business and start
making money from importing items like laptops, phones, computer and electronic
gadgets and accessories, clothes, shoes, jewelries and any other hot selling
product in Nigeria.
Taxi business
With car apps like Uber and Taxify, it’s quite easy to
start a taxi business even if it’s your personal car. You just need to get
registered on any of these platforms and you’re good to go.
Creche
Busy professionals are often in a dilemma of where to put
their kids when they are working. This is where a creche comes in. You can
offer to provide this service for working class or busy mum. But you should
make sure your creche is neat and well-furnished.
Home tutor
If you have a good grasp of some secondary school subjects,
you can start a home tutoring service. There are many students that need
assistance for their school work and this is where you can make some cool cash.
Phone sales and repair
Everybody uses a phone these days and at some point in
their phone’s life cycle, they might need to get it repaired. You can start a
mobile phone retail outlet along with a repair service
Home cleaning
People are busy but they need to get their homes cleaned.
And a lot of folks have become wary of getting a maid. Hence a home cleaning
service seems like a viable alternative.
You can either offer this service by employing cleaners and
overseeing them.
Hair stylist
You can meet the hair dressing needs of women by starting a
hair styling business. You don’t need to be a hair stylist to get started. All
you need do is to rent a shop and get it equipped. Then you can employ a
stylist to provide the necessary service while you run the business.
Cat fish farming
Cat fish farming is quite lucrative with farmers recording
profit in millions during harvest. Unlike crop farming, you don’t need a large
space to get started. Interestingly, it takes just a few days to learn the
basics of this business.
Poultry business
Poultry business is another lucrative business opportunity
particularly for the eggs whixh is a staple in the average Nigerian diet. Also
you can sell your birds during festive period.
However, your poultry business requires proper supervision
and care if you want to reap an abundant harvest.
Event planning
With owambe parties happening almost every Saturday in
various parts of the country, there’s a need to plan these events properly.
You can pitch your service to your friends and
acquaintance. And if you’re able to do a great job, your business will grow
organically by word of mouth referrals.
Real Estate Agency
If you can network effectively with the right people you
can build a profitable real estate agency.
For every rent or sale, you will get a commission and sometimes this fee can
run into millions of naira.
Photography
People love good pictures and any photographer that can capture
beautiful moments is certainly going to be much sort after.
If you don’t have the skills, you can learn the business
provided you’re passionate about it. The business is quite profitable and you
can earn in millions if you’re really good.
E-commerce
A compelling reason to start an e-commerce business is the
low barrier of entry. Unlike a physical store, you can open an online store
with less than N500 000. As a matter of fact, you may not need to hold the
physical inventory that you sell. You just need to know the suppliers and know
how to get the product once a customer makes an order.
Gym or Fitness Instructor
If you’re a stickler for being fit and you have an amazing
body to validate your passion for body building, you can offer your service to
people. As a matter of fact, you can use your earnings from this service to
equip and open your gym. This can further increase your revenue and as your
vision expands, you can choose to open several fitness centres in different
parts of the state.
Beauty & Makeup
The beauty industry has grown exponentially in recent times
and almost every young lady these days seems to be interested in beauty and
makeup.
Interestingly, you can learn the art of makeup in a few
weeks. Additionally, you can include other services in your venture such as the
sales of cosmetics and other beauty products.
Employment Agency
A large proportion of the Nigerian populace is either
jobless or underemployed. If you have the skills, you can start a recruitment
or employment agency to bridge this gap.
You can start by pitching your service to small and medium
scale business then progress to the working with larger organizations.
Travel Consultancy
Travellers are always looking for the best prices and
travel agents that can proffer solutions travel issues.
Starting a travel consultancy can be quite lucrative
especially in Lagos. However, you’ll need to take some IATA training courses
that will ensure you become a certified travel agent.
Logistics Business
With the rapid rise in e-commerce business and with the
need for people to move things from one place to the other, the logistics business
has grown rapidly in recent years.
You can serve as third party logistics (3PL) for businesses
or any of the thriving e-commerce platforms. However, you should do some
research properly before you start this business.
Bakery Business
Everybody loves bread. You can start a bakery business in
your neighbourhood. Also, you can include different delicious varieties of
bread in order to give your customers many options and keep them coming back
for more.
Bakery business is certainly lucrative if you do your
planning and research. Also, you should have enough capital to start and
maintain your business for a couple of months before you break even.
Education and tutorial centers
This is a notch higher than starting a home tutorial. In
this way, you can increase your revenue by catering for students that need
assistance especially when preparing for exams like WAEC, GCE and JAMB.
The success rate in these exams is usually below average
and you can set up a tutorial centre that caters for these students and you’re
sure to receive massive returns on your investment.
Computer schools
Twenty years ago, you could rise to the top of your
profession with a little or no knowledge of computer. But these days, you
won’t even get an entry level job without basic computer skills. This is why
setting up a computer school can be a lucrative business opportunity.
Satchet water business
A satchet water venture is another popular business
opportunity which you can never have enough since people are always drinking
water on the go.
Bead production
Bead production is another growing business venture.
Wedding events take place every weekend and one of the popular accessories worn
by the bride and groom is beaded jewelry.
Pharmacy store
If you’re a pharmacist, it’s quite straightforward. On the
other hand, if you’re a non-pharmacist, you’ll need to partner with a
pharmacist to setup your store. You can select a neighbourhood where the
pharmacy stores are sparse.
Pet breeding
There are many lovers of pets especially dogs in Nigeria.
You can specialize in exotic breeds like alsation, chihuahua, rothweiler and so
on. But you will need to invest a little money in getting these breeds.
Barbing salon
Every man loves a great hair cut and they will pay any
amount to get the right barber. If you can get expert barbers, you can start a
barbing salon.
Printing Press
There’s always the need to print especially with
individuals, small scale as well as medium scale businesses. You can offer your
printing service to this target market and you’ll be smiling home from the bank
in a short while
Painting service
It is very easy to learn the art of painting but if you
don’t want to, you can employ painters while you focus on marketing the
business.
Catering service
Wedding events, birthday parties and business meeting
always involve an item 7 (food) and the service of a caterer is always required
in this case.
Furniture business
It’s not so difficult to starting a furniture business even
if you can’t make the furniture. However, you will need to market your products
and get enough clients to sustain your business. Also, the furniture business
can be very lucrative due to the high margins.
Driving school
Owning a car in Nigeria is more of a necessity than a
luxury. As a result, there are new people every day looking to learn how to
drive.
Once you can obtain the necessary permit from the Federal
Road Safety Commission, you can kick start your driving school with a couple of
vehicles.
Laundry business
Drycleaning is another lucrative business especially in the
urban cities. Most people hardly have time for themselves due to their busy
work schedule as a result; dry cleaning or laundry business has grown to become
very lucrative.
Soap making
Soap making is quite easy to learn and can be very
lucrative if you can properly advertise your service.
Recharge card business
Recharge card business can be very profitable especially if
you’re involved in the wholesale aspect of this business. With many resellers
buying from you, you can receive a high turnover due to large quantities sold.
Web design
Every organization has come to understand the essence of
having a website as a result the need for web designers has skyrocketed in
recent years. You can work as a solo web designer if you have the skill or you
can set up an agency involved in web design.
Fashion design
Fashion design has become a trendy career option in recent
times. From young school leavers to university graduate, this vocation has
become a viable business option and it’s quite lucrative
Blogging
Once upon time nobody thought blogging could be a lucrative
business opportunity until a certain Linda Ikeji made it quite popular with
billions of naira in her account as a result of owning a blog. You too can
start a blog today and start making cool cash after few months — provided you
play your cards right and target the right audience and topics.
Freelance writing
Freelance writers are in high demand by many companies due
to the proliferation of websites and the need to promote content.
Plumbing service
Plumbing is another high demand business option due to the
dearth of professionals in this vocation, people often try to find a company as
professional as the Arizona Plumber team.
As a result of the small number of plumbers, if you offer a plumbing service
you can charge a reasonable amount of money and the number keeps going if
you’re really good at what you do.
Electrical service
Lighting and electrical service is often needed by
people from time to time. From churches to project managers, there’s always a
reason to hire the services of an electrician or lighting professional.
Nursery and Primary School
Starting a school is another viable means of creating a
steady stream of income. However, this business can be quite capital intensive.
Fast Food
Everyone needs to eat but only a few have time to prepare a
proper meal. This is especially common in urban centres where most working class
individuals barely have enough time for cooking. You can employ cooks or you
can provide the service yourself if you’re a great cook.
Hotel Business
People travel all the time and they often need a place to
stay. Providing a hotel service can be a way of meeting this need. However, you
will need ample capital to build a hotel or refurbish an existing building.
Food export
With an increasing need to generate foreign exchange, food
export has become a great way to generate income in dollars. However, there are
constraints in getting the necessary permit before you can begin to export food
items.
Importation
With the country largely dependent on foreign imports, you
can join the train by identifying a product that is in huge demand and
importing it into the country to sell to your numerous customers.
Online Advertising
Almost everyone spend a large chunk of their time on their
mobile devices as a result, marketers need to reach people through online
means. You can take some courses online with regards to online advertising and
digital marketing and you’re good to go.
Showbiz
The entertainment industry comes with a lot of
opportunities. You just need to study the industry and find out these
opportunities and in a short while you’ll be counting your cash.
Retail
Retail is one of the easiest businesses to start yet it
comes with a reasonable return on your investment. An example is starting a
retail supermarket in your neighbourhood.
Wholesale
Although the margins in any wholesale business are much
lower than retail, you can get your wholesale business running if you can reach
out to businesses in your niche.
Snack making
Making pastries and snack is another hot business
opportunities. You can make these snacks in bulk and sell to retailers.
Snail farming
Snails are a great source of protein but they are quite
expensive. You can set up a snail farm where you can breed them and sell them
in the market.
Wrapping up
Once you can identify the right, you should do your due
diligence in terms of market research then get started.
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