As a result of the increase in the rate of unemployment in Nigeria, many has decided to get involve in one business or another in order to invest on the country’s economy by creating jobs for self and others and also for the purpose of gaining profit but still hasn’t gotten a satisfactory decision on what to do and how to go about which are the necessary steps of starting up a business. Most people find it difficult due to lack of capital or fear of taking risk but one thing is sure, having a business of your own is surely going to be of great benefit and importance and is the wisest journey to embark on. There are a thousand and one businesses that can be done, but not all of them stand a good chance of turning out well.
An increasing number of Nigerians depend on sachet water for drinking. Although there are several companies that produce sachet water in Nigeria, the demand for the product keeps getting relatively higher than the supply, therefore there is room for more sachet water producers.
2. Laundry/Dry Cleaning
Everyone enjoys wearing clean clothes, but not everyone enjoys the process of making those clothes clean, and this is where you come in. Laundry business is a small-scale business that can be established at the back of your house and requires small capital to establish. With more Nigerians getting busier and some lazier by the day, this business can fetch a lot of money in a short while.
You can also set it up in a big way to gain rich customers who dry-clean expensive clothes and pay more. That requires a handsome amount for purchasing the equipment needed, nonetheless, the basic materials needed for this business are water, detergents, buckets, pressing irons, hangers and a couple of drying ropes and pegs.
3. Poultry Farming
Raising domesticated birds such as chickens, ducks, turkeys and geese, for the purpose of meat or eggs for food, is one successful business venture. This business has been making average Nigerians rich in the last decades, and foreigners have seen its lucrative nature and are coming in to invest in it too.
If you start with 1,000 chicks and manage your birds properly, by the end of the first year you must have sold over 2,000 birds and a thousand eggs, and still have more to sell for the festive period.
4. Making of Fruit Juice
Because everybody wants to be nourished and look fresh, Nigerians drink fruit juice more than any other people in the world. This is one reason why companies like
La Casera and Chi are making billions of naira every day.
The country is blessed with various fruits; mangoes, oranges, pineapples, and banana, especially in states like Benue. But a lot of these fruits go to waste due to lack of preservative methods. Although
this business is capital-intensive, one can set it up in a fruit producing state to cut down production costs.
5. Creche, Nursery and Primary School
Education is a necessary door that every Nigerian must pass through. No matter how many schools exist in a town, there will always be room for another one – a cheaper one with high standards of learning coupled with a conducive environment. School business has no rival among its mates.
One area to start from is the creche; it is easier to handle and can grow to add the nursery and eventually the primary sections to the scheme. You don’t need to own a big building for it. You can start from as little as a room in your house and expand with time.
6.Plantain Chips Making
On major streets in most Nigerian cities, one snack you are sure to find in shops and traffic is Plantain chips of different brands. The product is easy to produce and fast-moving as consumers buy it every now and then to keep their mouths busy and stomachs filled.
If you engage in the business of producing and supplying plantain chips, you will be making good money on a daily basis. All you need is: ripe and unripe plantains, a big frying pan, a small sealing machine, nylons and labels, and other utensils, and you are ready.
7. Import Used Cloth
Since a lot of Nigerians can barely afford to feed well, a good number of them patronize Tokunbo clothes, also known as O.K or Okrika clothes. The market in Nigeria is quite big as not everyone can afford new and expensive designer clothes from boutiques.
Most people who can afford expensive clothes still prefer buying first grade O.K clothes because they are most times original and one-made samples. The cost of buying and importing used cloths is low compared to the prices in the market here in Nigeria and it has a guaranteed good turnover. You can start selling by introducing your goods to friends and neighbors.
8. Office Supply
Many businesses in the office supply industry have recently expanded into related markets. Most people who work in offices often times feel reluctant or get too busy to go out to buy certain things like paper, pen, stapler, and other materials needed in an office. You can help them do the shopping and add your mark-up. Gradually, you’ll be a major supplier and even extend to other offices around.
This business does not require a lot of money for start-up, and allows even students to engage in selling stationery to fellow students. In another dimension, you can buy goods such as clothes and shoes and other personal items and sell them in offices especially places like banks where workers do not have time to get to the market.
9. Professional Car Wash
Car wash business, which is offering outdoor services to clean the interior and exterior of automobiles, is similar to the laundry business. You can setup your car wash to be self-serving, fully automated, or full-service with attendants who wash the vehicles. This business is good if you can set it up in a strategic location in a populated state where
There are a good number of cars and low competition with other car.
10. Snail Rearing
Also known as heliculture, the process of raising land snails specifically for human use is a tedious one but at the same time is a successful business venture. Snail farming is one of the choice animal farming for many reasons. It is a low capital investment with high yield and a large market. There are few people currently doing this, most of which are in small scale. You too can invest in snail farming and make good money within a year.
11. Cassava Production
Normally, a lot of Nigerians will not want to embark on this business because of its nature and the stress involved. But in recent years, people are beginning to turn their attention to this aspect of farming in Nigeria that has been neglected for a while. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in fertile areas like Ondo, Cross River, Ebonyi and Rivers State, your harvest will be great, and your profit will sure flow in.
Having gone through these businesses, don’t let this knowledge go to waste. Analyze each business idea carefully; the risk, cost and of course, profit margin. You never can tell which of them might make you the successful businessman you have always wanted to be.
Below are list of businesses one can embark on using Small or Large Capital and would yield you profit but put it in mind that in every business, there’s profit and loss but profit is likely to surpass loss of one is truly dedicated n serious with the business
1. Sachet Water ProductionAn increasing number of Nigerians depend on sachet water for drinking. Although there are several companies that produce sachet water in Nigeria, the demand for the product keeps getting relatively higher than the supply, therefore there is room for more sachet water producers.
This business is capital and labor intensive but it is worth venturing into, because it has a high-profit margin of over 50%, especially if it is well-managed, and the product is widely distributed. Since no one can do without drinking water, you can be sure your business will do pretty well if it is well taken care of.
2. Laundry/Dry Cleaning
Everyone enjoys wearing clean clothes, but not everyone enjoys the process of making those clothes clean, and this is where you come in. Laundry business is a small-scale business that can be established at the back of your house and requires small capital to establish. With more Nigerians getting busier and some lazier by the day, this business can fetch a lot of money in a short while.You can also set it up in a big way to gain rich customers who dry-clean expensive clothes and pay more. That requires a handsome amount for purchasing the equipment needed, nonetheless, the basic materials needed for this business are water, detergents, buckets, pressing irons, hangers and a couple of drying ropes and pegs.
3. Poultry Farming
If you start with 1,000 chicks and manage your birds properly, by the end of the first year you must have sold over 2,000 birds and a thousand eggs, and still have more to sell for the festive period.
4. Making of Fruit Juice
Because everybody wants to be nourished and look fresh, Nigerians drink fruit juice more than any other people in the world. This is one reason why companies likeLa Casera and Chi are making billions of naira every day.
The country is blessed with various fruits; mangoes, oranges, pineapples, and banana, especially in states like Benue. But a lot of these fruits go to waste due to lack of preservative methods. Although
this business is capital-intensive, one can set it up in a fruit producing state to cut down production costs.
5. Creche, Nursery and Primary School
Education is a necessary door that every Nigerian must pass through. No matter how many schools exist in a town, there will always be room for another one – a cheaper one with high standards of learning coupled with a conducive environment. School business has no rival among its mates.One area to start from is the creche; it is easier to handle and can grow to add the nursery and eventually the primary sections to the scheme. You don’t need to own a big building for it. You can start from as little as a room in your house and expand with time.
6.Plantain Chips Making
On major streets in most Nigerian cities, one snack you are sure to find in shops and traffic is Plantain chips of different brands. The product is easy to produce and fast-moving as consumers buy it every now and then to keep their mouths busy and stomachs filled.If you engage in the business of producing and supplying plantain chips, you will be making good money on a daily basis. All you need is: ripe and unripe plantains, a big frying pan, a small sealing machine, nylons and labels, and other utensils, and you are ready.
7. Import Used Cloth
Since a lot of Nigerians can barely afford to feed well, a good number of them patronize Tokunbo clothes, also known as O.K or Okrika clothes. The market in Nigeria is quite big as not everyone can afford new and expensive designer clothes from boutiques.Most people who can afford expensive clothes still prefer buying first grade O.K clothes because they are most times original and one-made samples. The cost of buying and importing used cloths is low compared to the prices in the market here in Nigeria and it has a guaranteed good turnover. You can start selling by introducing your goods to friends and neighbors.
8. Office Supply
Many businesses in the office supply industry have recently expanded into related markets. Most people who work in offices often times feel reluctant or get too busy to go out to buy certain things like paper, pen, stapler, and other materials needed in an office. You can help them do the shopping and add your mark-up. Gradually, you’ll be a major supplier and even extend to other offices around.This business does not require a lot of money for start-up, and allows even students to engage in selling stationery to fellow students. In another dimension, you can buy goods such as clothes and shoes and other personal items and sell them in offices especially places like banks where workers do not have time to get to the market.
9. Professional Car Wash
Car wash business, which is offering outdoor services to clean the interior and exterior of automobiles, is similar to the laundry business. You can setup your car wash to be self-serving, fully automated, or full-service with attendants who wash the vehicles. This business is good if you can set it up in a strategic location in a populated state whereThere are a good number of cars and low competition with other car.
10. Snail Rearing
Also known as heliculture, the process of raising land snails specifically for human use is a tedious one but at the same time is a successful business venture. Snail farming is one of the choice animal farming for many reasons. It is a low capital investment with high yield and a large market. There are few people currently doing this, most of which are in small scale. You too can invest in snail farming and make good money within a year.
11. Cassava Production
Normally, a lot of Nigerians will not want to embark on this business because of its nature and the stress involved. But in recent years, people are beginning to turn their attention to this aspect of farming in Nigeria that has been neglected for a while. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in fertile areas like Ondo, Cross River, Ebonyi and Rivers State, your harvest will be great, and your profit will sure flow in.Having gone through these businesses, don’t let this knowledge go to waste. Analyze each business idea carefully; the risk, cost and of course, profit margin. You never can tell which of them might make you the successful businessman you have always wanted to be.
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