Presently in Nigeria, the state of the economy is affecting many things such as transportation, food items, cost of living is increasing, and unemployment as many businesses are shutting down.
This has brought despair, anger, confusion, as well as frustration among the people.
Today, in this post we will discuss the top businesses to do in Nigeria at the moment with a little or big capital.
Let’s dive in.
Top Businesses to do in Nigeria
- Food business
No matter how bad things get, one thing is certain, people must eat. And that’s why the food business is a profitable business to go into.
You can be a wholesaler or retailer of food items. Or you can set up a small restaurant at a strategic location. All you need to do is make sure that you provide quality and excellent service to your customers.
Also, you can start a catering business and target event planners as your primary customers. Or maybe you start exporting food items to other countries.
The food business is a business that you’re certain of customers as long as you’re consistent in providing excellent service to people and the population of Nigeria.
- Information marketing
Your experience, expertise, and knowledge can make you money if only you can package them into a course, e-book, podcasts, videos, and webinars and sell them.
Nowadays, information is the newest currency in the world. And people are hungry for knowledge and having firsthand knowledge in any niche will place you on a steady flow of income.
Blogging is a business you can do from the comfort of your home. It allows you to share your knowledge and establish yourself as an authority in a particular niche.
It allows you to review other people’s products with the sole aim of affiliate marketing and earn commissions.
You can also make money through sponsored content, direct advertisement, ad networks (e.g Google), partnership, the opportunity to be contacted to write for other websites, and to speak in events and conferences.
However, to get to this point, you must give value first because online businesses are in a “give and take principle”.
So give value through high-quality content first for people to trust and when they trust you they will subscribe to your email list and that’s where the money is.
To start this business you need a laptop, an internet connection, a steady power supply, and a self-hosted website.
Freelancers are always needed. There are many websites, business owners, bloggers who don’t have time to create content. Companies need excellent copywriters, graphics, and website designers.
This shows that people are willing to pay for your services. And there are platforms you can join and offer your skills as services, platforms like Fiverr, Upwork, etc.
Also, LinkedIn is a platform you can leverage to show what you have. A great social media platform for professionals, to get started:
- Create an account
- Optimize your profile with the keywords you want to be found with
- Posting high-quality content that teaches, inspires and motivates others
- Engage with other people’s content by liking, commenting, and sharing
As you do it consistently, your target clients will reach out to you.
- Mini importation
Mini importation is a kind of business, you can start with little capital by importing products from other countries.
You have to find what people need, then go to a platform like Alibaba, negotiate with sellers, and buy the products at a reduced price.
The products will be brought to you by the sellers depending on the platform you bought from. And then sell to people that placed orders with you.
You can create an e-commerce website for your business, and social media accounts to market your products to people and they can buy on your website as well.
- Agriculture business
Agriculture is an attractive business because of the single reason that people will continue to eat.
In Nigeria, the government has put a lot of things in place to attract people to go into agriculture through easy access to grants and loans.
So with a proper feasibility study, you will be able to know the area of agriculture to go into.
Business opportunities in agriculture include the following:
- Palm oil business
- Cattle farming
- Poultry farming
- Snail farming
- Pig farming
- Yam and cassava farming
- Viewing center
A lot of people love football, and the most amazing thing is that many people have a foreign club they support and love to watch them play.
So starting a viewing center will be a good business because it’s one that you can combine with your main job or other businesses.
You have to find where there’s no such thing and people move from that location to another place to watch a match.
Next, is to set up your viewing center there, post banners in strategic places to create awareness about it.
You can leverage the viewing center to set up another business like a drink shop, betting shop, etc.
Now I’d like to hear your thoughts on this post.
Which business would you start first?
Or probably I didn’t mention the business you would love to start.
Either way, let me know by dropping your comments in the box below.