Starting your own business in Nigeria can be both thrilling and terrifying at the same time. It’s definitely not an easy task, but it can pay off if you do it right. From choosing your idea to validating it, executing it, and finally marketing it, this guide on business ideas in Nigeria will help you make an informed decision on whether or not to pursue your entrepreneurial dreams in the country of Africa’s biggest economy.
1. Liquid Soap Production
You may not know it, but you can make money by manufacturing liquid soap and selling it for a higher price than what is being sold at stores near you. This will involve doing research on where you’ll get quality raw materials from and also getting a bigger container so that you can store more quantities of liquid soap after production.
2. Gas Station/Petrol Station
Of course, if gas stations are usually located on roadsides and are always busy with customers, then wouldn’t it be better if there was one in front of your house?
3. Pure Water Business
Although we have safe drinking water provided by our government, many people still prefer drinking pure water instead because they believe it’s healthier.
4. Waste Management
If you live in an area where there are no waste management system or garbage collection services available, then starting your own waste management company would definitely be profitable!
5. Fashion Designer and Tailoring
One way to stand out from other fashion designers is to come up with designs that no one has ever seen before or combine two different styles together into something unique!
6. Setting up an Eatery
A lot of people eat outside when they’re too busy working inside their offices or homes; therefore, why not open up a small eatery nearby their place of work?
7. Mobile Phone Repair Shop
There are many mobile phone repair shops around Nigeria today, which means that competition is stiff. However, if you want to set yourself apart from others and gain an edge over them, then you need to create a brand name for yourself first and do some marketing!
8. Candle Making
Even though candle-making might seem like a traditional business that won’t earn much profit, you’d be surprised at how much profit you could make from candles made from natural ingredients such as beeswax, soy wax, palm oil, and palm kernel oil.
9. Coffee Roasting
Coffee roasting is basically preparing coffee beans to be used in beverages such as coffee, espresso, and cappuccino.
10. Ice Block Business
If there aren’t any ice blocks being sold near your neighborhood, then maybe it’s time to take advantage of that opportunity by starting your own ice block business!
11. Hair Salon
Hair salons are usually located in busy areas where a lot of people pass through on a daily basis; therefore, if you want to make money from selling hair products and services, then you should open up a hair salon near a busy area.
12. Computer Repair Shop
There are many computer repair shops around Nigeria today; however, if you want to stand out from others and get more customers for your shop, then you need to create a brand name for yourself first and do some marketing!
Conclusion
Now that you’ve read about 12 small profitable businesses you can start now, I hope that you’ll be inspired to create a new business of your own! You don’t need a lot of money or experience to succeed in business; what’s most important is being determined enough and willing to learn along the way. Once you launch a successful business, remember to pay it forward by giving back, hiring people who want jobs, and helping those who want advice.
