Connect with us


6 Agro-Based Business Ideas That Can Bring In Passive Income In Nigeria



agro-based business ideas that can bring in passive income

6 Agro-Based Business Ideas That Can Bring In Passive Income In Nigeria

Agriculture has proven to be a veritable means of sustenance in Nigeria. It is filled with lots of opportunities for people spheres of life. It can a full-time source of income for you. That, you must already know. The good news, however, is that there are agro-based business ideas that can bring in passive income.

You can look at the most profitable agricultural businesses; you will find out that most of them will require your full attention and more resources to run.

That said, the fact that you are busy with or engaged with some other things does not necessarily mean that you cannot have some of what agriculture has to offer. This is a simple fact.

Related: Best business ideas for animal lovers in Nigeria

In this article, we shall explore agriculture as a business bearing in mind that there are agro-based business ideas that can bring in passive income.


List Of Agro-Based Business Ideas That Can Bring In Passive Income

  1. You can Start a Snail farmagro-based business ideas that can bring in passive income

One of the agro-based business ideas that can bring in passive income is snail farming. Everybody loves snails and they bring a lot of protein. It is widely regarded as the rich man’s meat.

Related: 2018 profitable business ideas for stay-at-home moms in Nigeria

If you value your time and you are engaged with some other activities, snail farming can be that side hustle that brings in some money to your pocket.

The interesting thing is that snail farming is quite simple and it isn’t very capital intensive. Check out our article on snail farming and you will get all that you need on snail farming.

You can take the nights to take care of your snails and it doesn’t take much time and you can use your day for some other things.

Remember, we are talking about a side hustle that could bring in passive income and not a full-time business. By extension, you are meant to work within the scale you can handle.

  1. Run an agriculture-based blog

agro-based business ideas that can bring in passive income

Blogging is quite demanding and it should be a full-time job. However, you can still run a blog as a part hustle. Starting an agriculture-based blog is one of the agro-based business ideas that can bring in passive income.

The blog can run concurrently with other businesses and works that you may be engaged in. all you need to do is to find a balance between the two. Look for the best time to be in the mood to write well and you will give it the required time.

Blogging does not start paying immediately given that it takes time to gain traction but it does pay in the long run. More so, given your passion for agriculture, you will be able to widen your knowledge on the subject matter and then, you can consult for people and get paid.

  1. Start a small Agricultural consulting business

Consulting has really metamorphosed in the twenty-first century to include doing it from anywhere and at any time. Starting a small consulting business is one of the agriculture business ideas. It is indeed a new agricultural business idea.

It does not involve sitting at a place for hours waiting for clients as the term consulting could erroneously portray. That used to be in the past.

The world has changed so much in communication and transportation that there is an unusual ease of doing business. If you want to consult in person, then it is fine but you can also do that over the phone or online. It only takes the little time you assign to it. You use your remaining time as you deem fit.

  1. Buy and sell agro commodity

agro-based business ideas that can bring in passive income

Buying and selling agro products is indeed one of the agro-based business ideas that can bring in passive income. You can buy in one part of the country where the commodity is cheap and sell at the other part where there is a scarcity of the product.

It is quite easy. For emphasis, you shouldn’t let the thought or idea of spending so much time on inter-state trade discourage you. It can be handled by proper planning and contact.

All you need to do is make a trip to your supply state and get a contact that you will trust with the business. Buy and send to the person who either buys all from you at a reduced price or sells all for you for a little commission. You are meant to visit once in a while to know how it is going on there.

You can buy the agro commodity from one part of the country and sell in the other. Don’t worry, you can still do this as a side hustle; don’t let the thought of inter-state trade freak you out.

  1. Cattle farming

agro-based business ideas that can bring in passive income

This is an unusual business idea. Please, don’t be scared. We are not in any way trying to tell you to go start carrying cattle around. It doesn’t make much sense.

What you need to do is to simply find a cattle farmer who is trustworthy and reliable. You will buy a calf and keep it with him to nurture and care for. When it is grown, you sell the cow share the profit based on a pre-arranged formula.

  1. Lease out farming equipment

agro-based business ideas that can bring in passive income

If you have enough capital to invest, then you can buy certain farming machinery and equipment. Farmers can come and lease them and make some payments.

You will be doing some of them a favor since they cannot afford some of those tools.

In conclusion, you don’t have to be a farmer to enjoy the proceeds of farming but with the right set of a plan, you can gain passive income from agriculture. There are so many agro-based business ideas that can bring in passive income but these are the ones that caught our attention. If there are more you would like to add, feel free to share with our readers.




How to Start Ice Block Production Business in Nigeria



Ice block making business in Nigeria has been neglected by many people because when they see those that deal on such business, they absolutely feel it is not the type of business they will engage in. But actually, ice block business is not just profitable but has no season which makes it an every time business. You will get to find out more on How to Start Ice Block Production Business in Nigeria as you read on.

This is a business you can start with small amount of money as even the machines used in producing these ice cubes are quite cheap and produces more cubes faster than expected. This business idea is not about people who just want to engage in 5 or 6 ice block molds like most people do and goes to the nearest market to sell it. No! I am talking about having a company that produces ice for commercial purposes and having a good business plan that will make your ice block business a good brand when any outlets thinks of ice.

The variety of businesses that needs ice daily are growing in all parts of Nigeria as customer are happier to mix ice with their cocktails, wines, whisky, juices etc. The different type of ice and its uses has made it easier for many industries to engage in patronizing these businesses.  Earlier,  most people think that it is because of non-constant power supply that makes people to request for ice but even in the developed countries, a lot of bars, restaurants, hotels, fast foods etc. use huge amount of ice daily and the same happens in Nigeria. You can make a huge amount of money in profits if you know how to brand your company, market your business and produce good and clean ice.

How to Start Ice Block Production Business in Nigeria

How to Start Ice Block Production Business in Nigeria

Types of Ice you can produce in Nigeria

 ice tubes

  • Ice Tube: This is the type of ice that that is processed by freezing water on the inner surface of vertical tubes with a hollow center. It is mostly used in restaurants, coffee shops, pubs, hotel bars, beer parlor, convenience stores, clubs etc.
  • Ice Block: This is a common type because it is big in size. It can be processed by freezing water from a full liquid state instead of a crushed ice. It is widely used in by fishermen, shopping malls, frozen food shops, Hotels, restaurants etc.

ice cube

  • Ice Cube: This type of ice looks like a cube with a clear shape. It is processed by freezing water from a full liquid state in a cube form. It is used in hotel bars, restaurants, beer parlors, fast foods, wine bars etc.

ice cubes

  • Cracked ice: This is mainly the type of ice that is derived from Ice block after it is cracked into pieces with a clear weight. It can be used for several purposes including freezing fishes, meats, drinks etc.

How to start making ice block in Nigeria

Starting an ice block business in Nigeria requires you to do the followings;

1.     Industry analyses

Do feasibility study of the Ice market and observe the advantages and disadvantages of such business. It is important thing to do when starting such business in Nigeria.

2.     Business plan

Draw a detail plan of how you want to start, run, manage and grow your business. Your business plan should consist of the description of your business, target markets, marketing plans, company mission and vision, organizational structure, financial projection etc.

3.     Business registration

Register your business with the CAC Nigeria and obtaining your certificate of incorporation is important. This will make branding of your business easier and people will trust your business because it has obtained the necessary requirement as required by the CAC.

4.     Clean Water source

You are required to source for clean water that is drinkable as this is the important part of this business. Many people use tap water which is not filtered and it affects their business as no restaurant or hotel can patronize such business. You have to use water that is either distilled, purified, natural springs or bottled water. Don’t overestimate the source of your water as it will increase your brand hygienic principles in a higher tone.

5.     Space/ Ware house

A good ware house that can contain your equipment, machines and has easy access to delivery vans is essential. Your warehouse should be located close to a city so that you may not need to drive more than an hour to reach your target city.

6.     Ice Block Machine

This is an important aspect of the ice block making business in Nigeria. This will enable you to produce many ice blocks within a short period of time for commercial purposes. Machines vary as it depends on four main important things.

  • Capacity: This is the number of ice blocks or cubes a machine can produce at a time or a period of time. The size of machine capacity varies and should be put to consideration when buying the ice making machine.
  • Compressor: An original compressor is the heart of the cooling system of your machine. Compressors vary in their different horsepower’s and it is in one way or the other affects the quality of the ice produced. You have to make sure your machine has the original compressor and the higher the compressor the faster the ice can be produced. Compressors come in 1.5hp, 2hp, 2.5hp etc.
  • Freezing time: Freezing time is important in your ice block making machine because machines that produce ice faster takes less electricity and man power than those that take a bit longer. So when buying an ice making machine, make sure you are going for a faster one though it may be a little bit expensive but worth’s
  • Molds: Some machines comes with different kinds of molds which can produce a variety types of ice block, while some can only produce one type. I will advise you to buy a machine that have the capacity and molds to produce other type of ice blocks rather than concentrating on one type. Some molds can produce 30 blocks at a time while others can go for 50, 100 or even 200 at a time.

7.     Nylon Bag

Design a nylon bag with your company logo and description that will be used in packaging your ice in an orderly manner. A good packaging of your business speaks volume about your product and brand.

plastic ice bag

8.     Power generator

A power generator that generates light to power your machines and facilities both day and night is essential because of the epileptic power supply that surrounds the Nigeria business districts.

9.     Delivery vehicle

A good delivery vehicle that can deliver your ice to your varieties of customers is needed. The van can be 4 tires as you are a beginner in the business.

10.                        Hire employees

Hire few employees that can operate the machines, account for finances, stock, lower manager etc.

11.                        Market your Ice

Design a banner ad and advertise your business to many of your target customers. Advertise your business in blogs like Enterprise Boom that attracts thousands of business minded readers and reach at to your customers in TV and radio broadcast.

12.                        Evaluate your success

Evaluate your success regularly to make sure your business and product is doing well and see customers complaint to know where and how to correct errors.

Why you need to start Ice Business in Nigeria

  • Easier than you can imagine
  • Low cost of maintenance
  • Low capital investments
  • Low operating cost
  • Incredible profits potential
  • Daily demand and will never stop
  • Highly flexible
  • Make money from water

Ice Block making business in Nigeria is very lucrative business if you take time to do a strategic planning about the operation of your business.

You visited our website, now like our page in Facebook and follow us on twitter to get more free business ideas.

Subscribe your email and get the notification of our free newest posts.



Continue Reading


How to Sell Your Business to High Paying Client in Nigeria



Are you an entrepreneur in Nigeria? Are you thinking of how you could be able to sell your business to a high paying client in Nigeria?

Every business has one thing in common no matter the niche which is the word, ‘selling’. If your business can’t make good sale, then your business is already dead. One secret of success in business lies largely on how strong the relationship a business build with real clients.

The fact? You have to be clear on how you intend attracting high paying client. To attract high paying client you need to be ready to play the game top marketers are playing. The business owner should have an idea of how much it will cause the high paying client to buy from the business. No matter the business, learning how to attract high paying client in Nigeria can help in reducing needless years of stress and frustration. Selling your business at a high price to a high paying client required that your business is worth that price. To get a high paying client for your business in Nigeria is not that difficult but it demands determination, clarity and ability to stand firm while you are filtering the junk from the gems.

5 ways to get high paying client for your business in Nigeria.

How to Sell Your Business to High Paying Client in Nigeria

How to Sell Your Business to High Paying Client in Nigeria

1.     Know the value of your business

Before you set on a journey to getting high paying client for your business, you need to know the value of your business. It goes along side with knowing how much your business is worth. High paying client don’t want desperate marketers who look like one that will starve if no one buys the product or services. If your business shows it’s worth a million Naira, high paying client will keep you to your words. If your high paying client really see that no one can deliver like your business, they will pay top Naira for what so ever you’re selling.

Make sure your price reflect the true value of what you’re selling. In other words, your price should reflect to the client the true monetary value of the business. Use competitors price as a guide for pricing. If you know the value of your business, you can easily design a strategy that only attract high paying client and filters the low paying ones. If your business meets the demand of what your customer are looking for, they will be more happy to pay the price you’re asking for.

2.     Use satisfied client testimonials

Showing your high paying prospect testimonials of your past satisfied happy clients help in doing the selling alone. Sometimes just displaying testimonials on either your websites or office environment, high paying client will be confident in investing their hard earn money on your business.

You can use customer’s feedback and draft it as a testimonials. It does not have to be in formal letters.

3.     Conquer your self-doubt

Never doubt that you may never get a high paying client to buy from you. Acquiring high paying client for your business is all about positioning yourself as a VIP brand. Go to the market where your high paying ccustomer hangout. As a writer, I don’t just pitch my business services to any publisher. I weigh them to see if they can afford my service.

One thing I believe is that they is always a client who can pay for your services, no matter how high the price.

4.     Provide a guarantee

Do you know what providing customers guarantee can do for your business? Have you ever gone to a shop to buy an electronic gadget, and you were told that if the gadget get faulty or develop any fault within 90 days or 6 months from the day of purchase, you will either get a refund of your money or another same gadget?

How would you feel? Great right! So also a guarantee or warranty is needed for your business to sell to high paying cuctomer at a high price. Providing a sort of guarantee or warranty shows your confident in your business. Providing a money-back guarantee for your service help reduce the tension for high paying client. This is one techniques some fortune 500 companies use to get high paying client to buy their premium product or service.

Give it a try and see your business plummet to higher height.

5.     Add Emotion to your sales techniques

Customers are likely to pay higher fee or prices irrespective of how high it can be if they truly like you and your business. Your work in getting high paying customers is by being friendly with them. Try to always add emotional feelings in all your conversation with your high paying clients. Go beyond just selling, make your client feel important and part of the business family. If you can effectively communicate your business with your client and show them that their thoughts are welcome in your business, it makes them happy.

This will make them more happy to do business with you and pay your ideal price. It can even lead to referring another high paying client for you.

These are the important steps an entrepreneur has to take to get high paying client queuing at the door of his or her business.



Continue Reading


How To Profit From the Daycare Business in Nigeria



The daycare industry is an often overlooked profit center that Nigerian entrepreneurs can reap massively from. This industry is fueled by the growing middle class and the demands placed on this class of people. In past years, the daycare nanny business in Nigeria was virtually non-existent. However, today it’s a different kettle of fish as i will  be showing you How To Profit From the Daycare Business in Nigeria.

The average household spend for middle class families on child care is put between 150,000 to 200,000 Naira per month. So how can you access a piece of this cake you ask?

Read on!

How To Profit From the Daycare Business in Nigeria

How To Profit From the Daycare Business in Nigeria


As with other industries, the child care service industry benefits from certain challenges which include:

A.   Increase in middle class population

With the advent of technology and improved access to education, many folks have become members of the middle class. Entrepreneurship is also a major driver of this movement. This is because many more people are creating wealth for themselves which in turn improves their status.

This has its own side effects as more of this Nigerian middle class depend on the income from their 9-5 job to keep up with their lifestyle. Gone are the days where the father is the sole breadwinner. We are in the era of co-breadwinners with the female folk contributing immensely to the family’s financial state.

Hence there is a need for a support service provider to help groom the children in the absence of both parents.

B.   Convenience

The expansion of the middle class has resulted in a crave for lifestyle servitude. The lifestyle that this class can now afford has indeed helped the child care service. After going through the hurdles of work, parents believe they should have time for themselves to rest. This has made the engagement of child care service providers a veritable option.

Also, some jobs require constant mobility. In the past, we had cases of civil service officers taking their family along with them on transfer. This sometimes took its toll on the kids. Child care service providers can help bridge this gap and create a modicum of stability.

C.   Security

With the heightened security issues in the country today, many parents are not taking chances in ensuring the safety of their kids. Children are as precious as they come and parents can make a significant dent in their finances to ensure their safety.

All these challenges have helped increase the market share of the child care business in Nigeria.

Let’s take a closer look at the value chain shall we?

The Value Chain of a Daycare Business in Nigeria

1)    Surveillance solutions

Technology has ensured that parents don’t have to miss a thing as their children grow. Some Nigerian parents use these solutions to check mate the ills associated with rogue child care helpers, neighbors or other individuals that are in constant contact with their kids.

With the help of hidden cameras in the living room, parents can monitor happenings in their home and take immediate action in cases of emergency. This also curbs brutal treatments meted out on children by their child helpers. These devices come in small sizes and can capture video and audio activities within the home which can be viewed in their place of work. How cool!

An entrepreneur can profit massively via:

  • Sales of surveillance kits.
  • Installation of surveillance equipment.
  • Maintenance of surveillance systems.
  • Creation of surveillance apps that can run on smartphones.

2)    Daycare

Like I mentioned earlier, the population of full time housewives is on the decrease. We seldom have mothers who stay at home through out the growing years of a child to early adulthood. Most mothers have university degrees and are intent on using their degrees for profitable ventures. This they do to help boost the household income and pay necessary bills in Nigeria.

Therefore, most mums leave early for work and return late depending on the traffic situation and distance of their home from their workplace. This has made it difficult for first time mums to cope with shuttling between caring for their children and balancing work engagements.

Also, the family set up is more nucleated when compared to the compound settings of the 60s and 70s era. This has warranted mums to patronize daycares and crèches to take care of their 6 months old kids prior to their return from work. This is a better alternative than hiring a full time child keeper especially with the issues surrounding child kidnapping.

How can the entrepreneur key into this? He/ she can set up functional crèches in a residential area. These facilities usually run from early in the mornings to close of work. The entrepreneur can also provide a  customized meal plan in these facilities for a fee. Depending on how conducive the set up is, they can earn profitably from this venture.

3)    Home tutor

Every parent believes their child is the smartest being on planet earth since Einstein. They can go to any length to prove this even going to the extent of employing home tutors to further sharpen their kids cognitive prowess. This can provide a side income earning gig for undergraduates looking to make money in Nigeria. It doesn’t require having a university degree to begin with.

Basic understanding of elementary subjects and how to pass such knowledge effectively to the child is all one needs. Also, there is need to ensure that a good job is done as this will bring about referral jobs. One can help prepare these kids for major exams like entrance exams, mock exams and the rest. Your delivery will hugely affect how much you take home and how long you do so regularly.

4) Nanny agency

Finding the ‘perfect’ child keeper is a hassle laced process in Nigeria. There are few agencies currently operating in the country as most of the jobs are sourced via the informal sector ( family, friends and work colleagues). An entrepreneur can seize this medium to provide such services for a commission.

The agency could provide such services like :

  • Sourcing nannies of the right fit( character being fundamental)
  • Training of nannies in child care and grooming
  • Background and identity checks of nannies for easy trace-ability in the event of a serious issue.

Money can thus be made via recruiting and training of such child keepers. This could be in form of percentage deduction from nanny’s monthly salary, agency and recruitment fee and regular improvement training modules.

Also, an offshoot of these could be the creation of a nanny grooming or finishing school. Courses on home etiquette, hygiene and emergency situation could help improve the parents trust in your services. One can also provide such services to other child care organizations looking to employ professionals for their daycares or non- profit child management organizations.

I bet this article has been a wealth of knowledge for you. Let me know your thoughts in the comments below. I appreciate them always .




Continue Reading