Sometimes you just get stuck in your search for business ideas. Yes, it happens and that’s why we have created a list of lucrative and profitable small business ideas in Nigeria – ones you can grow into a bigger business.
Other than fear of failure, one of the biggest mental barriers to starting your own business is a lack of clarity about what kind of business you should start.
There are literally hundreds of self-employment options available to you, and each one has its own individual costs, challenges, potential rewards, and startup requirements.
So with that in mind, here’s a list of 61 of the most popular and lucrative small business ideas in Nigeria to consider — some of which may help you gravitate toward the best small business idea for your temperament, capabilities, tolerance for risk, market conditions, geographic location, and budget.
List of 61 Lucrative Small Business Ideas In Nigeria – Investment Opportunities
1. Cleaning business
2. Photography
4. Catering
5. Consulting
6. Real estate
7. Construction
8. Hair styling
9. Jewelry making (crafts)
10. Tutoring, giving group or private lessons,
12. Vending machine business
13. Event planning services
14. Motivational speaking
15. Painting services
16. Fashion business (sewing, tailoring, design, clothing alterations etc)
17. Shoe business (shoe building, selling, design)
19. Bakery, cupcake business, cookies, birthday and wedding cake baking and decorating
20. Bar business
More Hot Business Ideas In Nigeria With Low Investment
Yes, you can start small and grow big. Today, a lot of people want to have a side hustle as they’re looking to leave the salary job cycle to something that feeds their passion.
Let’s be honest here, we spend money every blessed day but we get paid every 30 days, which means we get paid 12 times in 365 days.
Business owners on the other hand? your rewards flow with respect to the efforts you put int (marketing, sales, product creation, customer satisfaction and more).
Luckily, it is now increasingly easy to start a business from scratch without spending a fortune. Below, I’ve highlighted 41 more creative business ideas with low investments.
Some of the business ideas listed require nothing more than an internet connection, while others demand a level of licensing or a specific set of vocational skills…the choice is yours!
Profitable Small Scale Business That Moves Fast In Nigeria
21. Football showing center
22. Recycling business
23. Transportation or trucking business
24. Generator repair service
25. Computer repair services
26. Intra-state Courier services/delivery services
27. Music lesson trainer (Piano, box guiter, drums, etc.)
28. Daycare center
29. Animal feed production and sales
30. Senior care business
31. Dance instructor
33. Wholesale business
34. Rug cleaning services
35. Final year & PG student project writing services
36. Craft business (bead making, wireworks, etc)
37. Gift basket business
38. Smartphone repair
41. Web design and/or graphic design business
42. Printing services (print shop)
43. Gym business
44. Manufacturing business (soap making etc)
45. Furniture making business
46. T-shirt business
47. Domain name trading
48. DJ business
49. Scrap metal business
50. Dog business (dog training, grooming, boarding)
51. Farming, ranching, growing produce, aquaculture, greenhouse business
52. Magazine publishing
53. Party rental
54. Interior design
55. Bicycle repair
56. Painting business
57. Frozen food sales
58. Resume writing
59. Spa business
60. Web hosting business
61. Editorial services: article writing, web page content provider, proofreading, etc
Guide to Starting Your Untapped Business Ideas In Nigeria
Now, you’ve checked through the lists of small scale business ideas isn’t it? But what about starting on the right foot?
You can be an entrepreneur if only you will take a self-inventory of your gifts or ask trusted friends to tell you what they perceive to be your strengths/gifts/talents/abilities – whatever you choose to call it.
Once you’re certain you have the entrepreneurial drive to start a business, these 7 quick tips will guide you through having a successful small business of your own.
Small Business Ideas In Nigeria – Home Business Ideas You Can Start Now
You can start any of the 61 lists of small business ideas with low capital and still scale it up into a big business that moves fast.
You should check this list of 7 profitable home based businesses that moves fast in Nigeria (Link in number 28 above), because they are becoming more popular, and also within the reach of almost anyone who wants to take a risk and work hard.
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