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Business: 14 Great Business Ideas You Should Know As You Step into A New Year
December 27, 2021
It is obvious to many now that the world can’t survive without businesses. Business literally drives the world and that’s why China is becoming prominent and powerful to all the countries of the world. It does not matter how small or big your business might be, just be consistent and keep doing and applying the right methods, soon you will look back and say thank God I started.
In this post, we will be looking at some top business ideas that can change your life forever. Any of this businesses can be chosen by you depending on your startup capital. Kindly go through this list below:
1. Blogging Business
Bogging is the process of writing a blog, an online journal in which you share your thoughts about a particular subject with readers. An example of blogging is when you write an online journal about the progress of your new home build.
Lately blogging is not only for passion but business. Blogging rakes in good amount of money in if you know how to go about it. this day many has gone in to blogging, it most common in Nigeria but still many people didn’t still know about it. Blogging has rules and regulation to follow if you want to be successful. The fact is that Nigerians has started abusing blogging does not mean blogging is not lucrative. The question is, are these people really talented and do they have the strong heart of blogging?
Lately many Nigerians going into blogging have been complaining due to the fact that they want to start seeing huge returns after some couple of weeks, hence sveral has opted out. You can drop a comment in the comment section with your email address if you are interested in blogging, because bloggers are still making it big.
2. Printing Business
Printing business is very lucrative as the demand for printing service is very high in Nigeria. This business presently is capable of raking in not less than #200,000 Naira daily as profit, especially large format printing e.g flex banner for advert, invitation cards, calendars, books, event programs news papers, stickers, posters, vehicle wrappers, screen printing e.t.c this business is very lucrative and people are fighting to get into it, but currently it not that common due to the huge start-up capital involve, it obvious that this business known no location. It doesn’t mater what location it is, contracts will always keep searching for you. The average start-up capital for this business is 6-7 Million Naira. If you have a good start-up capital you can look into large printing business.
3. Poultry Farming
This is one of the best business that is yielding great in Nigeria, A lot of people who have venture into this business early is really making it huge today. Poultry farming is very lucrative, even some foreigners are coming to Nigeria to invest on poultry farming. Poultry farm of 2,000 chickens can yield you more #7 million monthly and #70 million annual. The good thing is that you can start making money from poultry farming within 4-5 months unlike other business that take so much time to start making money. With #100,000 you can start poultry farming in Nigerian if you have a land. But if are not a yet a landlord you can easily rent a land and start your farming easily.
4. Fruit Juice Business
Fruit juice business is making it big time currently in Nigeria. Permit me to see say fruit juice production business is one of the most lucrative business currently in Nigeria. We have some companies who started small and now their names are everywhere. There is a lot of benefit, fruits are always helpful for health. e.g orange, orange help in many ways preventing some dangerous diseases and infections. Many people already knows the value of fruit and want to have them daily, but the time to buy them and extract them is what they don’t have or don’t know of, this is where you come in. You can make research by visiting the lab with up to three kinds of fruits and find out how they are useful to human health. Combine this three types of fruits and use them in making fruit juice. Soon as people knows it health value and it good taste they will start patronising you constantly and even recommend your brand. Example of fruit juice in Nigeria are Chivita premium, Hollandia yoghurt, Chi happy hour, Capri-sonne, chi-exotic, there are many of them if I should keep listing and you can land your brand. Nigeria is one of the most fruit juice consumers. Starting this business required good amount of start-up capital, but it worth venturing into if you have the money.
5. Cat Fish Farming
Cat Fish farming is profitable if you apply good management skill. Cat fish business is growing huge in Nigeria and a lot of people are already making millions from it. This business is lucrative if you have the experience and the capital to start it. Cat fish farming take just 4months to start making money from it. Cat fish has a very high consumption rate and demand in Nigeria, it one of the fame fish known in Nigeria. In some beer parlor a plate of catfish Peper soup is #1,000 to #2,000. If you have a space to start this business and the capital. You can start this business with average range of 200,0000 – 500,000 Naira. Note that fish farming business required good management, in other to succeed.
6. Importation Business
Nigeria is a country that depends on foreign products mostly. It not new any more that Nigeria are imports toothpick and matches. You can take part in this business and start making your cool money. Electronics, mobiles phones and computers are the best importation items that sell very faster in Nigeria that has good profit. As an importer you can have a warehouse where retailers buy in bulk, you can there after advance it by rendering delivery to retailers or even some wholesalers when your goods arrive.
Importation these days doesn’t required
you to travel to China, USA, or UK. Importation business has advance that you can sit at your home and order items from chinese, USA, UK and some other parts of the world. There are some few steps you need to take to be succesful in importation business. There are a lot of things to learn before getting involve in importation business so you don’t end up biting your fingers. It is possible to also start importation as mini importer and grow big later.
As a mini importer there are some items you need to avoid not to a make mistake. On this article we won’t be able to cover all of that, but in our next article, we will surly do. Now the good thing is that you can start importation with as low as #10,000 and make up to 300,000 monthly. You can make more reseaech on importation business or send a mail @ firstname.lastname@example.org for more details.
7. Cocoa Business
This is seriously making some people millionaire in Nigeria while many people don’t still know about it. There are many companies buying cocoa in Nigeria. About two companies buying cocoa are in Ibadan express way Lagos. This companies uses the cocoa for production of nestle, bournvita and some other chocolate stuff we consume daily. The last time we checked; they were buying a kilo of cocoa seed at #500 which means if you have up to 5 tones of cocoa seed you will make at least 2 million.
In fact this business is considered the best if you have the capital to start. You are not the type that is waiting to make money while seating at home. Are you thinking where you can get cocoa seed to buy in Nigeria? It easy if you can go out of your house and make some search. Edo people are heavy cocoa farmers, most of them build their houses from cocoa farm. You can make Edo friends and start making inquiry for cocoa, farmers over there. With 200,000 – 500,000 you can start cocoa seed business in Nigeria.
You can also make more money exporting cocoa seed in case you don’t want to sell to Nigeria companies.
8. Mental Scrap Business
This business is lucrative but seem dirty to some people, but when you get into it you will notice is not as dirty as some people are classifying it. If you are in Lagos then considering investing into mental business, this is a great idea.
This business can fetch you up to 500,000 on once supply. There are so many companies in Nigeria urging for metal scrap, in fact there are many companies to the extend that the sellers give rules on their products. This business is very easily and stress free to start, the only thing is making calls or visiting to dump sites. You are not the one gathering the metal, there are people who does that.
Yours is to buy the materials and supply to the company that same day. There are people who will load the metals on a truck while you are just relaxing, after loading the truck you pay them for workmanship and take the driver straight to supply the items to the company you have a deal with. You don’t have any stress to undergo or what so ever.
9. Plastic Scrap Business
This business is just as same as the mental scrap business we mentioned above. The only difference is the amount which you can use in starting plastic scrap business is lower than that of mental, this is because plastic is cheaper than mental. but you can make a good amount of money from plastic scrap also. You can start plastic business with just 90,000 to 100,000 and be making 30,000 – 40,000 daily depending on how many tones you are supplying daily. But you have to know that plastic are very easy to get. If you have many dumps that sell to you then you can be supplying the company every day which you can make up to #250,0000 Naira weekly. If you need companies that buy plastics scrap in Lagos then drop your comment below requesting for it.
10. Advertising Business
In the whole world every business that intend to grow faster definitely need advertisement. Nigeria companies are releasing millions of Naira’s yearly for advertisement. There are many different kind of advertisement and you can become a millionaire with advertisement company. we are going to look at how to become a millionaire from advertising business in Nigeria.
11. Computer Sales Business
Computer is one of the fast selling business in Nigeria. We don’t know this till we get into it. One of the most profitable and quick business is computer sales. Many advance way has shown up that you can make faster sales beyond your expectation. OLX, jiji.
There are thousands of things phones can’t still archive no mater how wide the screen is. Starting this business require some good amount start-up capital but still you can start small and grow big.
12. E-commerce Business
E-commerce store is an online store which enable people to buy items online and have it delivered to their given address without them living the comfort of their home or office. We have some well-functioning e-commerce website in Nigeria which are offering pay on delivery. This business is lucrative but takes a time to become king to people. Sometimes it require some high level of advertisement skill both online and offline to grow better. This business can make you millionaire if planed and manage proper.
13. Transportation Business
You most attest to the fact that people travel from one location to another and this business has been successful right from time. This is the business you can start today and start seeing money immediately. This business doesn’t require coaching or any form of management to get it moving. All that need to be done is buy a bus or small vehicle, register with pack and start making money, you can also register with Bolt or Uber and start making.money on a daily.
In other wards you may want to go beyond local transportation either state or even international. Currently we have some transportation company well know in Nigeria who are rendering international transportation and they are making good amount of money daily.
Transportation business can never fall since people are still in that environment or area. This is one most lucrative business to look at for if have the finance to start it.
14. Food Production Business
This is a good business idea that will make you lot money if manage properly. Restaurant, eateries, bunkers, mama put, you name them on e.t.c. this is a very lucrative business and doesn’t take months or year to start making it on this business. Human is survived by food, it almost to impossible to see someone who doesn’t eat for days in Nigeria. Not all of this people have the time to cook for them self at all time, some men are still bachelors and prefer eating at restaurants.
Starting a restaurant business is a brilliant idea if you can afford the start-up capital then what are you waiting for? I must tell you that you don’t need a million naira to start a restaurant business. It will shock you to know that mama-put sell more than some big eateries.
Start from somewhere and if your food taste good you are eventually going somewhere. This business accepts almost all location knowing that the people in that location eat.
You have an option of starting this business in advance standard just as mr.biggs, tasty t, sweet sensation etc if you have the capital. And if you don’t have the capital to start huge then start from the bottom and expand in future. Restaurant business can be executed with 20k to 3million Naira depending on the standard you want to give it.