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20 Most Profitable Businesses Ideas In Nigeria 2019 With Small Capital

Gudtalent Chrisent

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Profitable Businesses In Nigeria

Profitable Businesses In Nigeria 2019

Nigeria is so blessed with enough resources and a good population for the end products made from these resources. Meanwhile, any business established from these resources should be given a fair treatment. Are you thinking of Investing in Nigeria or any other country but don’t know where to start from or which business to invest your money into? Here, i have decided to list the comprehensive and the top 20 most lucrative businesses in Nigeria you can invest your money and be sure of making millions back in no time after investing.

NOTE: The start-up capital for these businesses varies in price as they are not the same and never takes the same mode of business operation.

List of Profitable Businesses In Nigeria 2019 Edition

  1. Professional Car Wash

start a profitable professional car wash business

This business is good if you can set it up in a strategic location in a place like Lagos, Abuja, Port Harcourt, Owerri, Enugu, etc where there is a good number of cars. A car is being washed at the price of 500-1500 depending. Let’s do the calculations

Assuming you are washing a car at the price of 500 Naira, And in a day you was 10 cars, that means you will be making 500X10=5000 Naira.

If you work all day except Sunday, in a month you will be making 5000X26=130,000. So you have

N5000 Daily earning and N130000 Monthly earning in a small scale range.

Is this bad for a car wash business? Oya!!! start something now and stop complaining you don’t have a Job.

  1. Poultry Farming as Profitable Businesses In Nigeria

money-making businesses

This business is making average Nigerians rich. It is so lucrative that even outsiders are coming in to invest in poultry farming the business in Nigeria. And why not, in a country of more than 150 million people, what would you expect? If you start with 1,000 birds and manage your poultry farm properly, when the turnover on investment begins to come, you will be making up to N30 million annually.

Related: 6 Agro-based business ideas that are profitable

Gudtalent’s Advice About Investing Into Poultry.

Before you go investing into poultry business, Make sure you are prepared for it and do give your birds a pretty attention if you want to succeed. We have tried it and we know all the secrets and what it means to keep a poultry farm.

  1. Import Used Cloth as Profitable Businesses Idea In Nigeria

how much is a bale of used clothes in nigeria

Honestly, a very good percentage of Nigerians prefer Those used clothes, shoes and other wears as they are cheaper and even better than the so-called new products. This is just to tell you that Tokumbo market in Nigeria is very big. The cost of buying and importing used clothes is low compared to the prices in the market here in Nigeria, guarantying good turn over on investment. Click on the highlighted 3rd Point above to read the complete guide about how to do this.

Gudtalent’s Advice About Investing Into used clothes.

This business is against Nigerian law but it still works fine, so be guided properly.

Secondly, Do not buy the bad material, Get good ones and good amount of buyers will keep coming to you.

ALSO READ: How to Raise Capital For Your Start-Ups

  1. Sale of Furniture as Profitable Businesses In Nigeria

furniture business

Buying and selling of locally made furniture is a goldmine. You don’t need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only a few can afford the imported designers. I guess a set of Furniture sales at the average price of 100,000 Naira.

  1. Snail Rearing as Profitable Businesses In Nigeria

snail business

 

Snail is really good and many health professional recommend it for Adults. Snail farming is one of the choices Animal farming for many reasons. It is a low capital investment with high yield and the market is big. There are few people currently doing this – and most of them are doing it in a very low scale. If someone invests heavily in Snail farming, he is sure to make good money in Millions within a year. You can Learn how to start Snail Business Here

  1. Rice Farming as a Profitable Businesses In Nigeria

rice farming business plan sample

Rice remains the most consumed food staple in Nigeria and Billions of dollars goes into the importation of this product yearly from China and Thailand because the local farmers are unable to meet up the demand due to poor funding and limited knowledge. If you are interested and wants to start rice importation, you can contact me for a well-researched rice farming Business Plan sample and I will be revealing the million dollar secret in this business. I already have a good production and well researched and written business plan about this. Don’t miss to take advantage of this great opportunity. Call +2347037281050 now for immediate assistance.

Related: Business ideas for stay at home moms

  1. Making of Fruit Juice as Profitable Businesses In Nigeria

Making of Fruit Juice

I would love to ask you “How many soft drinks and fruit juice have you taken this month”? Check it and multiply the number of other Nigerians who do the same as you do in a month. Nigerians drink fruit juice more than any other people. That’s why companies like Hollandia, La Carcella and Chivita who came into the country as nobody are today making billions of Naira annually. This business is capital intensive but if you can afford it, it’s well worth it.

  1. Pure Water Production as Profitable Businesses In Nigeria

Pure Water Production 

An average person takes about 2-4 sachets of water daily in Nigeria. You know how popular this is in Nigeria and how many that is dispensed daily. Though this business is capital intensive but well worth investing into.

  1. Oil and Gas Business as Profitable Businesses In Nigeria

Crude Oil Business

This is a self-explanatory business that is worth doing in Nigeria. We are blessed and cursed with huge deposit of oil in our land which presents some of the finest business opportunity for Nigerians and Foreigners over the years. Owning a Petrol Filling Station, Supplying of Diesel, and Distribution of Kerosene are some the areas you can invest easily and make good money for yourself. I think in a list of 100 Oil and gas business dealer, only 1% is broke. So if you have been thinking about this business, why not give it a shot.

  1. Haulage Services as Profitable Businesses In Nigeria

granite hauling business

The cost of taking a truck from one place to the other in Nigeria is between N20,000 to N200,000 per trip depending on the distance. Due to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one. Getting a direct Totumbo Mark Trailer is within 4,000000-10,000000 depending on the grade.

  1. Hotel Business as Profitable Businesses In Nigeria

how to start Hotel Business

Hostel business has a high demand as civilization is rapidly taken over the new Nigerian Generation. This is probably the coolest money-making opportunity in Nigeria. Invest in a small-scale hotel of just 10 suites and watch as the money flows in. This has nothing to do with the tourism boom of any kind; there is just something in Nigerians system that makes this business very lucrative – Nigerians are jolly-jolly people!

  1. Fast Food Eatery as Profitable Businesses In Nigeria

Fast Food Eatery 

When I talk eatery business, am not talking about MAMA PUT business. Eatery business is another goldmine though poor management can kill it! If you wish to go into this business, be sure to get everything right and don’t forget it’s a bit capital intensive and requires good management skills. But if you get everything right, free money is yours.

Gudtalent’s Advice About Investing Into Fast Food Eatery Business

Be very good with your packing and location, Treat your customers well and don’t miss manage your business.

  1. Importation of Tokumbo Spare Parts as Profitable Businesses In Nigeria

Importation of Tokumbo Spare Parts business

If you are in USA, this business is good for you. Don’t just keep importing exotic cars, gather tokumbo spare parts in containers and ship down here. There is a huge market for it in Nigeria, our roads are bad and our cars here suffering and needs replacing some parts. While importing those exotic cars, you should at the same time know that these cars can develop fault in some part and may need to be replaced, so please do consider importing the spare part of those cars while importing the cars. It very important to Nigerians.

  1. Investing in Real Estate or Property as Profitable Businesses In Nigeria

money-making businesses

Land, Houses and other Property appreciates every day in Nigeria. Right now, Nigeria is one of the countries in the world where landed property is most expensive. If you buy land now anywhere in Lagos, you are sure to make 100% profit within two years. You can buy and quickly resell and make profit. Or you buy to keep and sell later is you want to spill over 150% percent profit.

  1. Dry Cleaning as a Profitable Businesses In Nigeria

Laundry Business Nigeria

Anyone can do this, Both students and graduate and make cool cash. The world is gradually turning in a lazy generation and people no longer like doing their home chores as well as their laundry work again, so they simply push it to the dry cleaners. Professional dry cleaners at affordable prices are scarce in Nigeria. What we have are professional Dry Cleaners whose service fees are extremely high or mediocre dry cleaners who can never keep with time. Give them clothes today and meet it unwashed after one week. This business is a money maker if you balance it up.

  1. Cassava Production as a Profitable Businesses In Nigeria

how-to-start-a-cassava-farm-in-nigeria

People are beginning to turn their attention to this aspect of farming in Nigeria that has been neglected for years. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in a fertile area like;

  • Ondo State for those in western Nigeria
  • Imo and Enugu for those in the Easter Nigeria
  • Benue, Kogi, and Nasarawa for those in the middle belt Nigeria
  • Gombe, Plateau, etc for those in the North,

your harvest will be great at the end of a minimum average of 6-9 months.

  1. Sales of Building Materials as a Profitable Businesses In Nigeria

how to start building material business

Because real estate business in Nigeria is becoming more lucrative, House structure are now being built within months and to tell you, The rate at which new houses are springing up in Nigeria, you get to wonder why many people still complain of the housing problem. Investing in building material is a good business and I can count some guys who are making millions almost daily in this business.

Gudtalent’s Advice About Investing Into Building Materials.

If you want to go into this business, I strongly suggest you get/buy your iron rod from DNO NIGERIA LIMITED. It currently the best and one of the most trusted wholesaler of Iron rod across Nigeria now. Here is their direct company phone contact. +2348033208363

  1. Transport Business as a Profitable Businesses In Nigeria

how to start transport business

Investing in Transport business is still one of the Profitable Businesses in Nigeria one can invest in and make millions of naira on monthly basis. What we have in this sector are transport companies that are badly managed by local chiefs and touts. Invest in this business with good management and you will be wondering what hits you with bags of money.

Gudtalent’s Advice About Investing Into Transport Business

Before you go investing your money in this business, Please visit Benin City and take a very good not of how their motor parks are built, change the plan and come back later to thank me for sitting down to write this free report for you.

  1. Nursery and Primary School as a Profitable Businesses In Nigeria

Nursery and Primary School as a Profitable Businesses

School business has no rival among its mate. Little kids school fees take away close to a million naira per term just to learn ABC! All you need to do is have a very good looking school with well-trained teachers. The location should be within a town. If you are planning to start this business, I advise you travel down to Ebonyi state and take a good look at Blessed Martins International School (BMIS) located at Democracy estate, Presco, Abakaliki.

  1. Investing in Internet Companies as a Profitable Businesses In Nigeria

Internet-based business are currently the highest paying jobs. Most of the world first 20 richest are internet and software-based Billionaires. This is a new crop of powerful investment opportunity that is creating Billionaires around the world including Nigeria. It’s simple! You don’t have to be a Tech person, all you need is to look for creative online start-ups with good ideas and invest in. Within 1 to 2 years you will be counting your profits in dollars.

Liked the list about the Profitable Businesses in Nigeria you can invest in today? Need a business plan or have any other question and need us to help you with a business plan or help improve your business and it’s growth? Kindly use the contact form page we will get back to you in a shortly. You can call +2347037281050 for immediate assistance.

let us know what you think in the comment section

 

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6 Tips for Small Businesses Before Making a Business Partnership

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The next line of action an entrepreneur especially someone running a small business considers to boost his/her business is partnership. This is because the main goal of every business is to make money and business partnership can offer a great deal of that.

Starting a business gives the business owner the power to choose the people he/she is willing to work with. Making the right business partnership decisions has the potential of escalating the profits and scope of a business almost overnight. However, partnering with individuals, brands or companies without the proper guide or information do not guarantee 100% profit.

There are things you should take into consideration before you go into business partnership (s). These things can make or break your business hence it is important to take note of them ahead of time.

I implore you to take your time and consider the points I am about to share with you if you truly value your business and intend to maximize your business partnership(s) and get full returns on your investment.

Useful Tips Small Businesses Should Consider Before Going Into A Business Partnership

  1. Be Clears With Your Motive(s).

When you are starting a business partnership, it is important that you have thorough understanding of your reasons for going into the business.

You should clearly define your motivation for the business venture which is to say what you hope to get out of the relationship. There should be a clear reason behind your quest for business partnership instead of running the business alone. Is it to increase your business’ income, to add more value to your products or to reach out to a greater audience?

You must have a firm reason behind your need for business partnership and why it is necessary. Be clear about your motivations or intention behind the partnership and make it clear to your prospective business partner. This will help to steer your small business partnership in the same direction.

  1. Choose A Partner With Complementary Skills.

You can’t have a partner that has the same strength as you. You have to double the power of your startup team right off the bat. For example, a shy tech expert who wants to start an Internet business would do well to find a partner with sales, marketing, and people skills. This way, both partners can focus on doing what they enjoy and are good at. So, partner someone, a company or a group with skills that are complementary to yours.

business partnership

Business partners dialogue how to move the business forward.

  1. Discuss the Long-Term Vision of the Business With Your Partner.

You have found a complementary partner, what next? Strategic business partnerships are in many ways like a marriage, and both parties must be committed to the growth and long-term development if it’s going to work. From the onset of the partnership, express your expectations and sign contracts with one another so that trust is established.

  1. Define The Job Roles Of Each Partner.

Having strategized and established a vision for the business, you proceed to discuss roles differentiations between you and your business partner(s). That is, what roles will each partner play? This is a keen move to eliminate any confusion on what each partner’s duties will be.

A business partnership is bound to fall apart soon after it is formed when one partner believes the other should be performing certain tasks other than the ones he or she is performing.

To avoid this confusion, prepare a written document with your partner stating the roles each individual plays so it can always be referred to when the need arises.

  1. Devise A Way to Measure Each Partner’s Contributions.

There will be times when partnerships experience stress and at that time one party may be tempted to assume that the other party is not pulling in the much-needed weight. To avoid mounting resentment, define clear and objective performance indicators from the beginning to measure each of your contributions to the business’s success. This way, if one or the other of you fails to meet up with his/her end, you can have a level-headed conversation based on facts instead of feelings and thoughts.

  1. Make Provision For The Demise/Exit of a Partner.

What happens if one partner is deceased or wants to leave the partnership? To manage these situations you need a buy/sell agreement document.  This establishes a method by which the partnership interest can be valued and the interest purchased either by the partnership or individual partners. In addition, it will do you extremely good to develop an exit strategy. Like a prenuptial agreement, an exit strategy should clarify what will happen to the business’s real and intellectual properties should the partnership come to dissolution.

Conclusion

Great businesses are founded on great partnerships. But great businesses can also be destroyed by bad partnerships. Small business partnerships can be harmonious, mutually beneficial relationships that help propel a business forward. You should endeavor to choose a business partner just as carefully as you’d choose a romantic partner. This could be someone you spend the rest of your life working with, so don’t go into it loosely.

Have you analyzed these tips? If you have carefully done that, you can finally say “I do” to that business partnership and go ahead to execute it.

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4 Reasons Why Your Website Is Not Making Money In Nigeria

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With the increase in online transactions in Nigeria today and increased internet coverage and usage, it is expected that the average website in Nigeria should make a sizeable amount of money daily.

However, this is not so.

Most websites these days still operate like traditional offline businesses with a beggary look and operation. Rather than serve as a cash-spitting machine for the owners, most websites in Nigeria take more money from the business than they give. This makes it appear like owning and operating a website in Nigeria is unprofitable and mediocre endeavor. It is not supposed to be this way.

If you are an entrepreneur in Nigeria with a website which is not making money or as much money as it should, this article is for you. Read this to the end to find out the 4 reasons why your website is not making money in Nigeria and how to fix it.

The 4 Key Reasons Why Your Website Is Not Making Money in Nigeria as It Should and How to Reverse This

1.     Your Homepage is Not Friendly, Lacks Call-To-Action (CTA) Features

The reason why most websites don’t make sales (as much as they should) is the lack of an attractive, enticing, welcoming, and customer-friendly homepage. If your website cannot ignite a visitors interest to do business with you (on the first, second or third visit), don’t expect to make (much) sales from it. Your website can bring you money if you can influence your visitors buying decisions as soon as they land on your website.

Even if visitors to your site don’t buy on the first visit, at least your homepage should have an offer (i.e. a lead magnet) to wet their appetite and convert them into subscribers who may likely buy in the future. This is how most smart businesses make money from their websites. If your website is not designed this way, the chances of you making money from it are very slim.

To fix this, kindly redesign your homepage with clear Call-To-Action (CTA) button or form with an offer to collect visitors information for (email) marketing and re-marketing. Doing these will greatly improve sales and income from your website in a short time.

Why Your Website Is Not Making Money

Why Your Website Is Not Making Money and How to Reverse This

2.     You Are Not Selling Anything!

Damn it! How can you expect money from your website when there is nothing on it for someone to buy? When it is not clear that you are selling, how and why do you want people to give you money? When you are not selling anything on your website, it suggests that you don’t need money and people won’t force money on you.

So, if you need money from your website, sell something on it. In fact, sell things! You don’t have to create everything you sell. You can sell other people’s products and earn commissions ding so if your product is not yet ready. This is called affiliate marketing. You may incorporate an ecommerce section on your website to sell a physical or electronically deliverable product (related to) on your niche.

3.     You Are Promoting Too Many Things Too Soon

A website may be well-designed but lacks an orderly sales sequence. This will leave visitors to your website confused and overwhelmed. You can’t expect a new visitor to your website to buy all your products at once on one page, in one day.

Who does that?!

This is the bad marketing practice. Doing this makes the visitor a victim of offers’ overload and he/she may leave angrily without making a purchase.

Rather than commit this marketing felony on your website, place single and unique outstanding Call-To-Action messages on your website pages. This will help your visitors to make a quick buying decision.

4.     You Are Selling Features Not Solutions (Benefits)

An entrepreneur’s primary responsibility is to sell benefits not features. However, many websites waste too much time on preaching about the features of their products and pay little to no time talking of the benefits.

That’s stupidity!

No one wants to buy your shiny shoes because it’s shiny without solving a peculiar need. But anyone will buy your shiny shoes if he/she perceives the benefits it has compared to other shoes.

So, sell solutions not features; let the visitor know why he/she should buy what you sell and why that should be done immediately. You may include urgency in your sales’ copies to incentivize your prospects to take prompt action. Beside doing so in writing, you may go a step further to place a timer on the offer’s page to boost urgency in the prospect.

That’s how smart website owners make money from their websites.

So…

The question now is, “are you smart enough to take your piece of the cake from the market?”

Or, are you still doing things the old-fashioned way and expect your website to make sales without positioning it to do so?

The reason why your website is not making money as it should is because you have been doing so many things wrongly with or without you knowing it.

Now you know; the ball is in your court. Go back and apply the pieces of advice I just shared with you in this article to your website and watch it make you money in a matter of days.

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4 Reasons To Use Email Marketing in Nigeria for Your Business

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Are you a business owner in Nigeria looking for an effective and low-cost means of communicating with your customers and clientele? Try Email Marketing! Email Marketing in Nigeria can allow you to sell your product or service to your customers through direct marketing.

Also, with Email Marketing you can inform or remind your prospects (i.e. subscriber) of the availably of a (new) stock. The main advantage of Email marketing over other forms of marketing like social media marketing is that it drives sales without having to spending so much after the initial setup fees and maintenance fees.

To profit from Email Marketing in Nigeria, you need to first of all build an email list of your customers. This will help you gain your customer’s unique information – what they like to buy, how often they buy, when they like to buy and how likely they are to buy what you have.

Besides, with proper email marketing, you can gain information on your customer’s purchasing strength, their demographic information, tastes and dislikes. You will use this information to sell to your customers whenever there is the need to do so.

This article explains in detail the reasons for using Email Marketing in Nigeria.

Email Marketing in Nigeria

Email Marketing in Nigeria for for Business Growth

Why You Need Email Marketing in Nigeria for your Business

1.     Email Marketing Can Help You To Identify Your Customers Or Prospects Unique Needs

With an email list of your customers, you can determine your customer’s preferences and specific by sending them an email requesting for feedback. Based on the feedback, you can know if the product you have in mind to sell will actually sell. Email marketing is an information providing tool that decides the success or failure of your next product. The beautiful part is that you do this at almost no advertising cost to you besides the initial and recurring maintenance fees.

2.     Having An Email List Reduces The Cost Of Your Marketing And Business Operation

I have mentioned twice in this article that email marketing is comparatively cheaper than other forms of marketing like digital marketing. This is because it is true. Besides, it is always available to you to use compared with hiring an employee or office assistant to run your marketing.

While an employee will fall sick, need a break for holidays, demand employee bonus or insurance, Email marketing does not. It is always there for you at no additional avoidable expenses. So, if you are looking for a way to reduce your cost of marketing and do away with some of the troubles of human labour, try Email marketing.

3.     You Can Sell/Rent Your Email List

Leave your local business for a moment and think global. Do you know that individuals and big corporations are currently looking for businesses with harvestable PDI (public domain information to work with? Yes, this is true. Email marketing is one of the most-sought after PDI tools. If you have a list of thousands or millions of targeted buyers on a given niche which investors are willing to buy, you can sell (or rent) this and make huge profits doing so.

4.     Email Marketing Can Give You International Connections.

You can connect with multinationals and internationals globally and expand your business reach seamlessly. Multinationals are looking for effective email lists to source domain information about customers whenever they are entering a new business terrain. They are always glad to connect and pay a juicy sum to whoever has a promising email list. The question is, will that be you?

5.     Effective Email Marketing Can Help You to Make Quality Business Decision Quickly

Why I say it helps you to make the best decision on time is that with your email list you can get buyer’s feedback and leverage this anytime of the day. This is a follow-up to what the first point I mentioned which discussed the customer information acquisition aspect of email marketing. This one discusses one of the key benefits which is the ability to make quick business decisions based on the information you gathered from your customers in your list.

Knowing what informs your (potential) customer’s choices and why they purchase more of a particular product is vital to a business’s growth. But that’s not the best part. The best part is having this information almost immediately to make the best decision quickly!

Growth in business is a function of quality, timely decisions. The more quality decisions a business makes and on time, the more it is likely to experience tremendous growth. This is made possible by email marketing.

Some of the outcomes of prompt business decisions which email marketing in Nigeria can give you are:

  1. Improvement in your business’s overall manufacturing strategy
  2. Improvement in the production capacity (input and output) of your business.
  3. Reduction of your business’s turnover time.
  4. Determination of a better profitability margin for your business.
  5. The use of better machinery, tools, advertorial, etc. in your business

Conclusion

Email marketing in Nigeria has many benefits and this article has explained them. If you want to give and gain more from your customers and prospects, then go for Email marketing. It always helps. Yes, it does.

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