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Business Ideas in Lagos That Never Fails

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Looking for lucrative business ideas in Lagos? Anyway, with the population of over 20 million people in Lagos, developing business ideas that strives in Lagos will be a great venture.

Experience have shown that a lot of people do not get it right from onset, which is why even after introducing them to untapped businesses in Nigeria they still fail.

Therefore, I’ve made it a point of duty to reveal to my esteem readers the 6 basic things they must do before considering going with any business ideas in Lagos found below.

6 Basic Rules of Business

  1. Market Research
  2. Develop a comprehensive business plan
  3. Determine the business structure
  4. Learn to delegate
  5. Source for Fund
  6. Develop effective cash flow management skill

If you master all these basic rules then you can develop any business ideas in Lagos that I’ll list below. Meanwhile, let me throw more light on each rule.

Market Research

This is the most essential part of any business you can think of. It will help you identify your customers and how to attract them.

The reality is that, there is no any business that is new in Lagos. But with proper market research you can comfortably claim your own share of money in any existing business you undertake. The survival of any business largely depends on the market research.

The most difficult part of any business is getting customers, but with proper market research you can find your customers easily. In fact, the research will reveal to you if there are buyers or not.

Assuming you want to go into selling of school bags in your area, adequate market research will help you ask yourself questions such as:

  • How many people buy school bag or what is the population of students in my area?
  • What is the market value?
  • What is the average financial capacity of people in my area?
  • How much am I likely to make for selling a school bag?
  • How many school bags must I sell to run a successful business?
  • Is this a realistic number for my business model?
  • Is the market already saturated or near saturation?

To successfully run any of business ideas in Lagos found below, you must make a proper research. Making a good research will reduce the risk of losing you capital.

Develop a Comprehensive Business Plan

Most people think that it is only when they need a loan that they will provide a business plan. But that is totally wrong. Every good business must have a plan. If you failed to plan then you planned to fail.

In fact, whether you’re starting or have existing business, you must work with plan. Your business plan is your compass to business success. Always make sure your business plan has the following elements:

  • What your business will do
  • The products or services it will provide
  • How customers will access your products or services ( e.g. online, by phone, in a high street shop)
  • Your approach to pricing

Therefore if you are considering developing business ideas in Lagos, consider having a good business plan.

Determine the Business Structure

Most times, those searching for hot business ideas in Nigeria or business ideas in Lagos do not think much about structure. This is because they usually start small, which is known as sole proprietorship.

But the reality is that even if you are starting alone; start thinking of who to partner with as time goes on. Your partners or who you run the business with is referred as structure.

In a small range, even your family members can be part of your business structure. Your children, wife, brothers, sister and some extended family members can be part of business structure.

Therefore, it is wise to determine who will run the business with you. Because your structure determine how far you can go.

Learn to Delegate

This is a step that comes after building your business structure. Your ability to delegate roles based on capacities is great skill to acquire. This means you can be able to assign the right job to the right person. Don’t be among those that will want to do everything alone. Developing business ideas in Lagos goes with knowing who will best fit a particular role at any given time.

Source For Fund

A lot of people think that it is only after they have capital then they will go online to search for business ideas in Lagos or lucrative business ideas in Nigeria to do. That is completely wrong.

You can only talk of fund or source for fund after you have done the steps above. The steps above will greatly help you raise money easily.

Investors are usually interested in the business plan or business roadmap. Therefore, getting the steps above will make sourcing for fund easy.

Develop Effective Cash Flow Management Skill

No matter how good a business idea is, without proper documentation of sales and purchases, it will never work. In other words, book keeping is the lifeline of every business. The cash management skill is what determines if you’re advancing in the business or not.

In addition, in case of expansion, it is only your record book that will speak for you. So, learn to imbibe the spirit of record keeping because it helps business survive in the long run

Having gotten the 6 basic principles of starting and running a business, let’s take a look at 6 business ideas in Lagos that never fail.

Business Ideas In Lagos that Never Fails

As an astute business man I am, I only tie my business ideas to basic human needs. All my businesses revolve around feeding, shelter, clothing and health.

Don’t think you’re going to read about business ideas in Lagos or hot business ideas in Nigeria that is totally new. No, all the ideas here are in existence but you’ve to do things differently to make huge money from them.

First on the list of business ideas in Lagos or lucrative business ideas in Nigeria is agriculture. Under agriculture are:

1.     Snail Farming

This is the easiest business idea anyone can start today. It does not require much capital, time and space to start. Above all the demand is 600% high than what is produced in Nigeria today.

Experience has shown that you can start this particular farming with just 2 to 10 pieces of  achatina achatina which is the best specie.

2.    Goat Farming

Goat farming is another lucrative business idea you can go for today. It’s simple and very affordable. All you need is very good specie that can produce two or three. Therefore, you just need a male and female goat and a small space to start.

You can even do this business in an urban area. All you get do is to look for a partner (structure) who will always take them to the bush to eat and bring them back to tie them at a specific position.

This is like the snail farming because it does not require much time and money to get it done. Above all, you can start on a very small space and grow it to you taste. The mortality rate of both goat and snail is almost zero.

Do your market research well; you’ll see the reason to develop any of these business ideas in Lagos.

3.    Crop Farming

This is another area of agriculture that is worth venturing into. In fact, with proper planning you can make a return of about 1000% in 4 months. Most of the crops we have today are high yielding crops.

Being high yielding crops means they are usually ready after 3 months. Therefore, you can produce twice a year. Crops and vegetable such as tomatoes, cucumber and onion are good ones to start with,

As usual, the demand for agricultural produce are high, therefore, do your homework well, then you’re on your way of making money from this business ideas in Lagos

4.    Supply

There won’t be supply if there is no demand. I love this particular business idea so much because it’s profitable. In this case you don’t need to farm; instead you source farm produce from where it’s abundant and supply it where the demand is high.

There are abundant of food production in the northern part of Nigeria. And demand for food is high here in Lagos. Therefore, your ability to source and supply farm produce such as yam, tomatoes, fruits from the north to the west will be a good one.

Most times, the northerners are mostly involved in doing this type of business. To start, approach them and join their union because it will give you the support to do it well.

Don’t forget doing an extensive market research before going into these business ideas in Lagos.

5.   Real Estate Agency

With everyday growing population in Lagos, the demand for house increases. Becoming a housing agent is a profitable business idea you can develop.

Take note, this is one of the business ideas in Nigeria with low startup. Yes, you don’t need much to start this particular type of business. All you need is a small space or even you can start from the comfort of your home.

Your main job will be to get real information from owners of houses that will like to rent them out. Then connect them with people that are searching for house to rent and make money from commission.

6.   Tailoring and Fashion Design

Involving yourself in any business that relates to sowing or marketing of clothing will be a good one. In fact, the demand for things to wear is on the increase by the day. Therefore, it will be wise to find a way to tap into this multi-billion Naira business opportunity in Lagos

Business Ideas in Lagos- Wrap Up

It is obvious that developing business ideas in line with basic human need is a sure way of making money easily. But it will not be without proper market research, business plan, good partner, capital and cash flow.

All the business ideas in Lagos found above are worth going into. You must not be an expert in any of the areas before going into it. Rather sort for the service of a consultant or a mentor to guide you in any of the businesses above.

Developing and running a business idea is not an easy job. Therefore expect the huddles along the way. Be prepared to face the challenges that go with running a business. Anyway, with the help of a mentor, they will come easy.

So go on and try any of them and come back with testimonies. Please leave a comment below if you really learnt something from me.

 

Lucrative Business in Nigeria That Moves Fast

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There are different types of businesses that can yield very big profits. This kind of business is said to be lucrative. So, today I’ll be talking about lucrative business in Nigeria.

The businesses mentioned here are businesses that move fast because the ideas are evergreen, which means as long as there is life; people will always make millions from them.

Do you want to start your own lucrative business in Nigeria but don’t know the way forward? Well, after reading this article, you should know the best lucrative business in Nigeria. Perhaps, make a choice from the list below.

With the ever growing population in Nigeria, starting a business will be a good move. Though, the business environment is not conducive but with persistence and endurance you can still make it.  After all, people are making it big in business here in Nigeria

Today, we shall review few lucrative business in Nigeria. And how we can start them, manage them and make the most from them.

Before going into details of these thriving businesses in Nigeria, I will like to expose you to short cut of making it big in any of the business here.

The top secret is to get a mentor or employ the service of a consultant to help you establish. A mentor or consultant will help you avoid some serious mistakes you may find on the way.

Having said that, let’s take a look at lucrative business in Nigeria you can start today.

List of Lucrative Business in Nigeria

Transport Business:  

Transport business top my list of lucrative business in Nigeria 2018 because it really worth it.

It’s very lucrative because every minute of the day people migrate from one point to another.

Even when the economy is in recession people still travel and move around in search of means of survival. In other words, transport business is a recession proof business.

It is a business that you can start small and grow it big. All you need is to acquire the basic knowledge of running a successful transport business.

Click here for more details on how to run a successful transport business in Nigeria.

Cattle Farming:

Cattle rearing is one the top hot business ideas in Nigeria you can venture in today. Don’t leave this business for fulanis alone. You can do it. Basically, it is a lucrative business in Nigeria for those at the southern, western and eastern part of Nigeria. Because it involves buying cheaper in the north, rearing and selling high in the south or east.

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Just think of how many people eats meat in Nigeria daily. I mean cow meat. It is obvious that any business that involves rearing and selling meat is a big business.

I, personally have done this fast moving business in Nigeria and never regretted it. In addition, you can do this business in any part of the country. Let me tell you how.

Go to your state abattoir and get the details of the Hausa/Fulani butchers chairman there. Tell him you want to rear cow under their supervision. In fact, they will gladly welcome you as long as you’ve the capital to do that.

This business is best done in the dry season. Here is the secret. During the dry season, cows in the north do not have enough grass to eat so they grow so thin even to the point of dying.

During this season, you will get a very big cow for as low as N120, 000 in the north, because there is no grass to feed them. It usually cost between 15,000 and 20,000 to transport it to any destination in Nigeria.

Since, we have all round the year grasses in the western, eastern and southern part of Nigeria, you will have enough to feed the cow(s). After 3 month such cow gets back to its normal size and goes for as much as N400, 000.

In fact, with proper guide, you can make over 300% ROI.

Fish Farming:

Like cattle, the demand for fish is also very high because of its high protein.  In fact, medically, a lot of people have been advised to only go for fish. This hot business in Nigeria does not require much startup.

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You can start fish farming on any secured piece of land. Dig a natural earth pond of about 3ft deep and buy fingerlings. In addition, make sure the water in the pond is not contaminated to avoid the fishes dying.

Before going into fish farming, make sure you have some money mapped out for feed, because feeding determines their growth. Above all, their growth determines how much you can make.

Poultry Farming:

This is another lucrative business you can start today. Before, going into poultry you must identify what you really want to achieve because that will guide your decisions. If your goal is to produce and sell eggs then you’ve to go for layers.

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Layers are specie that specializes in laying eggs after sometime. Specifically if you feed them with the necessary feed then expect constant laying of eggs after 5 months.

But if your goal is to produce chicken for meat then you can go for cockerel and broilers. Cockerels and broilers mature in a short time. As long as you take good care of them.

Real Housing Estate Agency:

Shelter is one of the most essentials of human being. With the growing population in Nigeria, being a real estate agent becomes lucrative. In fact, you don’t need a serious capital to start this lucrative business in Nigeria.

You can even start real estate agency from the comfort of your home. All you need is a sign post telling people you’ve information on where to get a decent house for rent. You earn through commission.

 Tailoring and Fashion Design:

It is obvious that looking good is a good business. Therefore, positioning yourself as a fashion designer is a clear indication you’re in for a lucrative business. Our population is growing by the day, hence the need for clothing.

You must not be a tailor or fashion designer before venturing into this lucrative business in Nigeria. All you need do is to high the services of so many designers out there.

Fashion is one of the evergreen niches in life. So, it will always be and always profitable to do.

Lucrative Business in Nigeria- Wrap Up

All the businesses mentioned above are tied to the basic needs of human. Transport, food, shelter and clothing are our everyday need.  Establishing a good knowledge of any of the lucrative businesses mentioned above will definitely make you money. Why not try one today?

List of Online Business in Nigeria- 20 You Can Start Today

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Statistics show that over 7000 Nigerians go online monthly searching for list of online business in Nigeria. This means that every day people turn to the internet searching for alternative means of making money.

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My dear reader, my question to you now is, do you believe you can really make money online. In other words, are you convinced that people really make money online?

If your answer is yes, then you’re right. But there is a big problem. And the problem is, most people that go online searching for list of online business in Nigeria always get disappointed. In fact, they are always scammed by all those “do what I preach not what I do” internet business men and women.

Before you go into details of my post on list of online business in Nigeria thaat you can start today, let me tell you why you must believe me. I was once wandering and surfing the internet aimlessly searching for how to make money online in Nigeria as a student.

That means I was once like you. In fact, I am convinced that I was even desperate than you. If at all you’re desperate on how to start online business in Nigeria. Severally, I was scammed, duped and dumped by so called internet market gurus in Nigeria.

Anyway, to cut the long story short, I was able to figure it out and today I make a living online. Click Here to watch a live video on how much I have made online and still making.

Therefore, all you’ll read from this post of list of online business in Nigeria are from an experienced blogger.

Since you’re reading from an experienced blogger, I know you’ll like to learn from my mistakes. Therefore, below are list of mistakes I did and would not want to you to do.

List of Online Business in Nigeria- Mistakes to Avoid

  • Don’t Be Desperate

Because I was desperate to make money online I end up losing money by buying every product on make money online I see. This means I quickly believed on any advert I see on how to make money online. Therefore, do not be desperate and don’t quickly believe anybody online. In fact, all you need to start making money online in Nigeria are free. Yes make search and you will see.

  • Don’t Put All Your Efforts on Online Business at First

I came online with the mind of making a living online. So, I abandoned every other offline business thinking I will make it easily. The truth is that making money online is very tasking. To be honest, it is even more difficult than most offline business.

All those scammers made it look so simple and cheap. To be candid it is not. It requires much money or time, depending on the approach you take. Therefore, make sure you have something doing offline while building your online business.

  • Be Consistent

Jack Canfield the author of the book “the power of focus” defined focus as “follow one course until success. Therefore, starting from today be focused and consistent in any online business you may take from the list of online business in Nigeria below.

  • Have a Plan

There is this popular mantra that says: If you fail to plan then you plan to fail. Making money online in Nigeria is like any other business you may think of. You need to plan extensively before venturing in any of the list of online business found here. Get a business plan and roadmap of online business you will do.

Hoping you have taken note of the mistakes I did when I first started, I’ll equally like to tell you some of online business that will never make you rich. In fact, you may not make a dime from some of them. Don’t even bother doing them because I wasted much time on them out of ignorant.

List of Online Business in Nigeria to Avoid

  • Survey

This is a lazy man business because you have to wait endlessly to get a survey to take. In addition, there are only few genuine survey websites online. The worst of it is that most of the survey questions do not apply to Nigerians.

Imagine asking you questions on the products that are only available in Canada or Australia. In fact, some of the products are totally strange to Nigerian audience. Therefore, survey taking in a no go area when it comes to how to start online business in Nigeria.

  • Paid to Read Email

Ask yourself, why must you be paid to read emails? Whose email will you be reading? Anyway, after detailed research I find out that those emails are product adverts. And they will only pay when you spend about 3 minutes on any page of the email you open. The annoying part is that you will only earn 0.1 cent per mail you read. Above all, they only pay through paypal, therefore there is no way you can get paid

  • High Yielding Investment(HYIP)

My humble plea to you is to totally flee from any high yielding investment both online and offline. For those of you that do not know, HYIP are all those programs that will ask you to invest you money and make 100%, 200% or 300% in a very short while.

Money accumulates gradually over time. In fact, over a long time, therefore avoid this because some writers include it in the list of online business in Nigeria.

Therefore, what is the list of online business that I recommend?

List of online Business In Nigeria

There are 2 major online businesses you can do here in Nigeria. They are blogging and freelancing. I usually pay little or no consideration to freelancing because it did not fit my lifestyle.

Yes, I love making money while sleeping. I love working once and keep making money from it. Which I cannot get from freelancing, therefore I am not a fan of it. But of a truth, it is a genuine online business in Nigeria that Pays.

So, I will dwell more on blogging because it produces passive income as long as you work it out. In fact, blogging is the most reliable and sustainable means of making money online In Nigeria and the world at large.

Therefore, if you’re seriously searching for list of online business in Nigeria that you can start today, then look to more because blogging is all you need.

What is Blogging?

Blogging is an act of presenting your ideas, experiences, knowledge, expertise and information on an electronic journal for public consumption. So blogging is another way of being a journalist.

Before, you start saying but it involves writing and I can’t write, let me tell you one good story. Blogging involves elementary writing. Did you read it well? I said it involves elementary writing, which means nobody care on how you write. All people need is for you to pass useful information.

If you’re totally new to blogging and want to learn how it is done then

Click Here to 5 Steps of Effective Blogging.

Another big problem people face when it comes to blogging is what to blog about. Anyway, I’ll highlight 20 areas of blogging you can start now and blog your way to financial success. All the areas mentioned below are hot cake. People are in dear need of information on these areas.

Note: You don’t need to be an expert in any of the areas before blogging about it. You only need to learn how to make research on the niche from Google and blog about it. That is how simple it’s to be a blogger.

Still on List of Online Business in Nigeria, so let look at the types of blogs we have. There are two major types of blogs namely:

  1. Niche blog
  2. Broad blog

Niche Blog

A niche blog is a blog a website specifically dedicated to a particular area of life. In other words, it is a blog designed for just some group of people. For instance, this blog you are reading is dedicated to people seeking to know how to make money online in Nigeria. More examples of niche blogs are:

Broad Topic Blog

This is a type of blog that cover different areas of life at the same time. It is designed to target different audiences at a time. In such type of blog, you will get football or sport matters, politics, health, lifestyle and many more. Example of such blog is https://www.lindaikejisblog.com/ etc

Types of Blogs – Which One Should You go For?

Ordinarily, you’ll think that broad topic blogs will be the best because it covers a lot of topics. Therefore, the audience or coverage will be high. Yes, you may be right but there is big problem with these types of blogs.

Search engines don’t rank them fast. In fact, days are gone when such site make good returns to their owners. Therefore, you should consider specializing on creating niche blogs. Niche blog means choosing a particular area of life and blog about it.

Below is the list of 20 niches you can start blogging from today.

 20 Areas to Blog Where the Demand is High and Supply is Few

Make Money Niche

This is the hottest niche anyone can blog about. Today, a lot of people turn to the internet searching for list of online business in Nigeria or lucrative online business in Nigeria. Therefore, this niche is an ever green niche because people will always search for a way out of poverty.

But the shortcoming is that you must have a professional idea on how to make money online before blogging in this niche. In fact, no amount of research will save you here. This niche is only meant for people who have learned, practiced and are earning real money online.

You can’t make it in this niche without concrete evidence of your own earning report. So, if you’re a baby blogger then learn more before blogging on make money niche.

Health and Fitness Niche

The health niche is a great place to start. You can build thousands of sub-niches in the health niche. It is also an ever green niche, which means as long as there is life, people will be surfing the internet for solution to their health problems.

As earlier said, there are thousands of sub-niches to blog on health niche. In addition, the narrower the niche the more targeted your blog will be. For instance, you can blog on the following sub health niches:

  • Diabetes
  • High blood pressure
  • Arthritis
  • Infertility
  • Cancer
  • Weight loss after child birth
  • Weak erection and many more

The great thing about this niche is that you don’t need to be a doctor before blogging about it. All you need do is to make a research on any area you love blogging about and blog.

Personal Finance Niche

I am sure you have heard someone saying, I have money but don’t know where to invest it. Or some people say my problem is not earning money but how to save or invest it. In fact, millions of people go online daily searching for real information on how to save or invest their money.

Therefore, creating a blog that teaches how to invest and save will be a great one. One good thing about this niche is that your readers already have money. So, they will not delay in investing or following your instructions.

Beauty and Fashion Niche

Building this type of blog is not easy because it requires much quality images. In fact, you need to be involved because it more of personality blog. My friends that are into beauty and fashion blogging usually start with youtube channels.

It is a bit technical but very rewarding if you get it right.

Dating and Relationship Niche

Personally, this the most lucrative niche for me. 90% of the money I made online is through blogging on this niche. It is a niche that touches the emotion of readers. There are lots of sub-niches under it.

I target the breakups. People that are really in love get separated sometimes and will do everything to get back together. Therefore, if you can get good information on how to get ex back then you stand the chance of making money from you blog.

In addition, still under this niche you can still target the married people. If you can source for information on how to have a happy marriage life, then people will pay for it.

The niches above are great place start blogging because it  directly or indirectly affects every living being.

Having said that, there are other 15 areas of life that you can start blogging about, such as:

  • Agriculture blog
  • African dish blog
  • Oil and gas blog
  • Job search tips blog
  • Export and mini importation blog
  • Travel and tour blog
  • Tech blog
  • Pet blog
  • Football blog
  • Product review blog
  • Inspirational stories blog
  • Personal development blog
  • Music blog
  • Wedding blog

My last word regarding blogging in this article is that you only need passion for blogging to succeed. Yes, your passion for blogging will make you keep blogging even when the result is not fast coming.

How to Monetize you Blog

You are searching for list of online business in Nigeria because you really want to make money online. Therefore, the essence of venturing into blogging is to make money online here in Nigeria.  The question most people ask is, how do I make money from blogging?

The answer to that question is simple; all you have to do is to monetize your blog. There are 4 major ways you can monetize your blog and they are:

  • Selling of information material such as books on it
  • Doing affiliate marketing through it
  • Selling of ads space
  • Signing up with adsense

List of Online Business in Nigeria – Wrap Up

Blogging is a lucrative online business in Nigeria anyone can do. The market is so large that it can never be saturated. It is rewarding and fulfilling. Having said that, it’s not easy at all, It’s business.

You need to prepare your mind, soul and spirit before going into blogging. I am not saying all these to scare you. I only want you to get prepared before considering blogging.

My last question is, is there any genuine way of making money that is simple or easy? If there is then go for it and forget blogging. But if there is not, then welcome on board.

 

50 Business Ideas in Nigeria That Can Make You Millions Easily

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Just few weeks ago, a friend approached me and asked can I help him with viable business ideas in Nigeria?  I wasn’t surprised that he asked me because most of my friends know me as a business oriented person.

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But I did not go ahead to start listing the number of business ideas in Nigeria I know. I really wanted to understand what he really meant. So, I asked back, what really do you need or really mean?

It was then he told me that he needs business ideas in Nigeria that are not saturated or that have not been discovered by many. It was at this point I smiled and asked him, what about telling you a business idea nobody knows about?

Out of excitement he shouted, that is exactly what I want. He continued, if you give me such an idea my financial situation will change for good. In fact, before people will know much of it I must have made so much money. I saw the zeal in him to be the first person to start a particular business in the world.

Then, I further asked him; do you know the difference between an inventor and an entrepreneur? He answered by saying, inventors are those that discover things for the first time in life, while entrepreneurs are business people.

My question to you my dear reader is, is my friend right with his answer? I know you’re here to get answer to your own investigation, which are business ideas in Nigeria.

Bear with me and read on because I will definitely give you simple business ideas in Nigeria that you can easily make millions from. But before then let us clearly understand the difference between inventor and entrepreneur.

Who is an Inventor?

According to wikipidia, and inventor is a person who creates or discovers a new method, Form, device or other useful means of doing things. With this definition, my friend was unknowingly talking of becoming an inventor.

[Also Read] Latest Online Money Making Opportunities in Nigeria

Bad News:

Inventions don’t make inventors rich. Most inventors died poor. That was my words to my friend and he became shocked.

I went further to list some great inventors that died very poor, such as Charles Goodyear the inventor of galvanized rubber. Antonio Meucci was the inventor of telephone and he equally died poor. He asked but why?

Before I reveal to you my answer, which is why most inventors die poor, let’s understand who is an entrepreneur.

Who is an Entrepreneur?

According to investopedia “An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures”.

Read more: Entrepreneur https://www.investopedia.com/terms/e/entrepreneur.asp#ixzz5J3PVu8Qe
from the definition above, I want you to take note of the word “innovator”. An innovator is someone who gets a new idea of doing something.

In other words, an entrepreneur is not interested in creating new things; instead he is interested on working or improving existing things.

I know you are interested in getting new business ideas in Nigeria. With the explanation above, I expect you to start thinking on how to improve on the existing business ideas in Nigeria.

Yet, I will not provide you with list of business ideas in Nigeria without telling you why most inventors die poor.

Why Most Inventors Die Poor:

Of a truth, being an inventor is not curse. Neither is it bad to be an inventor. But the reality is that most inventors are not marketers or sellers. Yes, no matter how great your invention is, you need to market it for it to gain public acceptance.

So, because they can’t market their invention they hardly make money from it. The second reason inventors die poor is that human being hardly embrace change.

At first, most people are usually skeptical of buying new inventions. They are usually comfortable with the one they are used to. So, before people will embrace the inventions, the inventor might have died.

Good News

Entrepreneurs make much money from the inventors. They know how to market every product till people accept it. They take the risk of pushing the product even when it is new.

The greatest part of entrepreneurs is that they are innovative. This means that they know how to add value to existing product. Some year ago, business men and women were tying water in small white polythene bag and sell for one Naira.

After some time, an entrepreneur came with the idea of sachet water and it goes for five Naira. Till date, almost every Nigerian buys sachet water daily.

Another good example is the revolution that took place in the social media product. Before Facebook came into existence there were more than 500 social media networks. In fact, only few people know about social media networks.

Mark zuckerberg who is the founder of Facebook and entrepreneur asked himself several questions such as:

  • What can I do different from what other have done to get this thing known to people? In other words, how can I repackage this social media business?

His quest in providing answer to his question lead to the birth and prosperity of Facebook today.

Business Ideas in Nigeria – Are you ready?

Are you ready to ask yourself question on how to improve on existing business? Because there is nothing new under the sun today, therefore you should be thinking on how to innovate new idea of marketing or improving on the existing business.

As I said earlier, all the business ideas in Nigeria today that I will list below are not new. But you can re-strategize and make millions from them. Below is the list of the hot business ideas in Nigeria

  1. Travel agency company
  2. Ice cream production
  3. Biscuit production and marketing
  4. Palm oil  plantation, production and marketing
  5. Fashion designing company
  6. Solar and invatar company
  7. Security training company
  8. Hair stylist company
  9. Online store business (like the likes of Jumia and Konga)
  10. Wine production company
  11. Party management business
  12. Laundry services
  13. Video and photography company
  14. Pharmaceutical company
  15. Trustworthy network marketing
  16. Electrical supply and services company
  17. Automobile rapairs and fleet management services
  18. Car hiring company
  19. Catering services company
  20. Computer training/ICT center service company
  21. Party rental services
  22. Mobile phones repair company
  23. phone/laptop selling company
  24. Mobile toilet company

  25. Blogging (if you know how to write)

  26. Information marketing (if you have valuable information Nigerians could pay for)
  27. Freelance writing for website owners and news sites
  28. Scool uniform making company
  29. Modern bread making and marketing company
  30. Day care services company
  31. Pet breeding company
  32. Modern block industry company
  33. Branding consultancy company (if you know a lot about branding)
  34. Management consultancy company (if you know a lot about business management)
  35. Affliate marketing business (selling other people’s products online)
  36. SEO consultancy company (like my friend at VTN Company)
  37. House paintaing company
  38. Tie making company
  39. Cooking gass supplying company
  40. Soap manufacturing
  41. Just add anything here
  42. Frozen food sales
  43. Online business
  44. Turkey farming business
  45. Used car sales
  46. Importation business
  47. Bulk SMS Services company
  48. Waste management services
  49. Animal feed production and sales
  50. Software and game development

You can start any of the business ideas in Nigeria mentioned above with little capital and grow it big. But you must observe the two fundamental principles of doing business, which are:

  • Know your business
  • Learn how to sell or market your product.

Good Luck as you move into the business world through any of the business Ideas in Nigeria found here.

 

Small Scale Business in Nigeria – 5 You Can Start Today

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If you’re here today, then you might have been wondering on starting up a small scale business. Well, I’ve got to say you’re in the right path. Some things that have bothered you for so long might have made you decide to start up a small scale business in Nigeria.

Perhaps, you’ve gone to search for job and didn’t get a good luck and you’re now utterly fed up with the unemployment rate of this present government. You might as well be thinking about the bills and you come to find out that your income wouldn’t be enough for you to make ends meet. Well you’ve got the option to start a small scale business in Nigeria.

What is a Small Scale Business?

A small scale business is a one that need very little amount of capital and sometimes no capital in order to start up. Most small scale businesses in Nigeria need only a little capital to start up while some doesn’t need money at all to start doing the business.

Starting a small scale business in Nigeria today is clearly a wise decision. Why do I say so? When we look at the present government today, they can’t be trusted with our future. So, starting up a small scale business in Nigeria relieves you of so many financial burdens which will be discussed as we continue.

Various Small Scale Businesses in Nigeria

Nigeria is of no doubt full of hustlers who are ready to do anything for money. There are many small scale businesses in Nigeria and I’ll discuss on a few of them below

 Here are list of small scale business in Nigeria which you could try at least one.

 Farming:

Farming is of no doubt one of the lucrative small scale businesses in Nigeria. and is arguably one of the best.. There are two types of farming. We have the livestock farming and crop farming. Livestock farming has to do with poultry, fishery, rearing of small animals for commercial use.

Crop farming entails growing of crops for commercial purposes. Any of the type of farming mentioned above can fetch you money I’ll go further to discuss how you can benefit as a small scale business owner in Nigeria.

 Livestock farming:

Poultry farming is one such business you can start small and grow to a very large one. You can easily make money as a poultry farmer owing to the number of people that eat chicken daily in Nigeria. With just 10 layers (which is specie of chicken) you can start. With proper care, the layers will grow to the point of laying eggs.

This means over time you can start selling eggs, which its proceed will grow to the point of buying more. The more the number of layers you have the more eggs they produce. The more money you can make by selling them. This type of small scale business has made a lot of people millionaires.

However, you won’t be a millionaire overnight. If I told you so, then I’d be lying to you and myself. So the process can take from months to years depending how prepared you are to work it out.

There are other livestock farming and I’d list them out. I won’t list all out though but I’ll list those with great benefits.

  1. Fish farming (fishery)
  2. Cattle rearing
  3. Pig farming
  4. Small animals such as grass cutter, guinea pig and so on. They can be farmed as well.

[Also Read] Latest Online Money Making Opportunities in Nigeria

Crop Farming:

This includes planting and harvesting of crops. It could be for family purpose or for commercial purpose. You need a piece of land for a startup. There is the need to venture into this type of small scale business in Nigeria because people must eat daily.

Let’s take for instance cassava farming as a case study. It is used for producing foods such as garri, fufu, starch and other things.

If you’ve gotten a small piece of land, you can just start by getting the stems of cassava. You plant it and take care of your crops until the time for harvest. When you harvest, there are various products you can make from it.

And these products are in demand every day in Nigerian markets. As we know, garri is an essential food in Nigeria. Garri has a very high demand in the Nigerian markets today. So, you can always make money from crop farming

Laundry Service/Dry Cleaning:

Have you ever paid someone to get your clothes washed and ironed as well? This type of service is known as laundry or dry cleaning service. It is also a small scale business in Nigeria and has been made easy over the years.

With the use of automated machine such as washing machine, laundry has been made easy and efficient. If you’re interested in doing this business, you’ll need at least a small rented flat which you can use as a store.

Like I said, no business can make you millions overnight. You have to start from somewhere and as you go, you’ll progress in making more money depending on the effort you put into the business. With time, you can get a washing machine which will help to reduce stress and save time.

By so doing, you will be able to win more potential customers and grow your business, which can lead to the employment of more hands. Laundry service isn’t a bad idea after all. It’s really a small scale business in Nigeria that pays.

Restaurants:

Man must wak, is a popular saying in Nigeria, which means man must eat. Therefore running a restaurant is a good way to make money in Nigeria. Remember, we’re talking of small scale business in Nigeria and starting a good restaurant is expensive.

So, you can start small by running a road side food selling, from where you can grow it to big restaurant. Positioning is a big factor to consider. Position close to construction sites because workers schedule does not allow them go far to eat.Make sure you know how to cook. As long as you cook tasty food, you will definitely get much customers.

Petty trading:

Opening a store near a school really is a very good idea. This is a very small scale business for you to consider entering into. During break time and closing hours, students like buying snacks and this kind of small scale business usually runs very fast. Well, in order for you to gain more money, you’ll need to increase the size of your store as well as what your store has to offer. Keep saving from previous markets to do this.

Fashion design:

Going into tailoring is not a bad idea because the demand for clothes increases every day. All you need is the skill and a sewing machine. In fact this one of such small scale businesses you can start from the comfort of your home.

With proper publicity among your neighbors you can grow faster in the business than you can imagine

Benefits of Small Scale Business in Nigeria

There are great benefits in trying out small scale businesses in Nigeria. Here, we are going to take a look at them critically.

Freedom:

There was a reason why you decided to try small scale business at first. It was because you don’t want to leave your financial future in the hand of government.. So you won’t be depending on the government for salary. At least you know that if they decide not to pay, you have something worth doing in order to pay the bills and keep the family running smoothly.

Confidence

You don’t have to worry about the bills: you will always be confident that you can meet your needs easily. As said earlier, the government isn’t trusted. So doing a small scale business can help pay the bills easily. You don’t have to worry that you’ll be fired from work one day or that the salary isn’t enough to make ends meet.

Boss

You don’t have anyone who will tell you what and what not to do at any given time. You’re the proprietor of your business. Invariably you’re the boss. In fact, if you manage it well, it will move from small scale business to large business.

Disadvantages of Small Scale Business in Nigeria

As we all know, anything that has an advantage must have a disadvantage. Though, the advantages far outweigh the disadvantages. Let us consider some disadvantages.

  • Unfaithful employees and customers: During your business years, you’ll experience a lot of disappointment from both your customers and your employees. But thus shouldn’t make you quit the business, justly when you’re a sole proprietor.
  • No work no income: If you’re the only one managing your business and you want to make money every day from that business, then you’ll be present at work every day. The day you’re absent from work, you won’t make money from it that day.
  • It is always advisable to have assistance in your business. If you can’t be able to make it to work a day, you know someone is there for you. In this manner, you won’t be losing money as when no one is there to manage the business.
  • The market competition: Well, establishing your business isn’t really easy, but if you can satisfy your customers’ expectations, then it wouldn’t be a big deal. There are other people out there in the market too. The only way to win the competition is to always make sure you satisfy the needs of your customers. If need be, offer discount when a customer buys a large amount of goods from you.

I hope I’ve been able to explain the concept of small scale business in Nigeria. So if you’re not satisfied with the present government, you’re advised to take a small scale business. However, those who are satisfied with the present government, it isn’t a bad idea to take a small scale business too.

Let me know your thoughtful comments here in the comment section.

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