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How To Start Online Mini Importation Business In Nigeria: A Complete Guide

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start online mini importation business

How To Start Online Mini Importation Business In Nigeria: A Complete Guide

This is one business I am very excited about. If you want to start online mini importation business, then I suggest you take time to go through this article.

The key to success is starting where you can and scaling the business from there. You can agree with me that Bill Gates, Carlos Slim, Mark Zuckerberg, Jeff Bezos, Jack Ma, Dangote, and the other great entrepreneurs started from somewhere.

Your somewhere can be mini importation or any other small scale business.

I don’t really know about you but the idea of having to see myself as an importer is orgasmic. I can tell you that because I love it and so do many other people.

Related: How to start a lemon farming business in Nigeria

From afar, the prospect of having to start online mini importation business may seem a daunting task. I can tell you that it is not as difficult as it seems. You can take that from me.

Many people naturally would have gone into traditional importation but are scared away by the long process of getting certifications and licenses and capital. We will revisit this shortly when we talk about how the how importation business works.

You did be surprised to find people who still think that international trade is the exclusive reserve of big and rich importers and the government. That was the case before now but it has all changed. That is the reality of the new world.

Everybody who is willing, and has little capital can start online mini importation business today. You will see exactly how it is done. But before then, let us get an overview of how the importation business really works.

Overview Of How Importation Business Works

Really, there isn’t much to this if you know about buying and selling.

If you want to make a profit from selling shoes or whatever you wish to sell, the eternal principle behind it is buying at a very low price and selling at a very high price. Do this and you will be okay.

Also read: How to start car importation business in Nigeria

Importation business works the same way. The only difference is that instead of buying from local producers or distributors, you are buying from producers and distributors from other countries.

I hope you get the logic? You bring in goods from outside the country at a considerably low price and sell at a very high price so as to cover the cost of the product and its delivery if it is paid delivery goods.

For you to understand the opportunity which we know exists in the importation business, you will need to go through this little illustration. Trust me, you must become enthusiastic or at least, curious when you are done.

Personally, I like importing female hairs (human and synthetic) and other cosmetics. If I go through the normal importation channel, I will have to cough out millions of naira to meet up with the Minimum Order Quantity (MOQ) requirement. You may want to mark that word.

Quickly, let us look at what the MOQ requirement really is and we can move on with our analysis.

The Minimum Order Quantity requirement is the minimum quantity of goods a supplier will sell to you so as to make any kind of substantial profit.

If you were the supplier, I bet you will prefer to sell to big importers who will buy very large volumes of the product you are selling. You can get a free mini importation ebook to understand more of this thing.

I want to believe that you understand this idea of MOQ as essential to why you need to start online mini importation business. But in the event that you don’t, I will explain it further by using practical examples.

If you want to import shoes as your profitable importation business in Nigeria and you have little capital, without the internet you will find it difficult to bring in the goods and make the necessary profits because of the MOQ we talked about. You will eventually be left to deal directly with the big importers.

However, things have changed and it is in big parts due to the availability of the internet and mobile shops. Most restrictions are now in the past and you can start a mini importation business today without much ado.

Besides, when you deal with the producers, you make more profit as the importers will act as middlemen thereby reducing the profit you will make.

Where To Get Your Products From When You Start Online Mini Importation Business

The first you should know is that you can buy your goods from anywhere in the world insofar as the country has the necessary facilities and products. Majorly, Nigerians buy from the USA, Europe, and China.

That information doesn’t seem to be new. The next information may be new or maybe something you already know. It is the fact that most products from Nigeria are imported from China.

Now, you may be wondering why you should bother importing from China. I was worried too. But here is the truth; many people miss the point about products from China. Don’t worry, I will explain.

In China, what you ask for is what you get. It is not that content that is filled with mediocrity as many people will have you believe. All the fake products we get in Nigeria that are imported from China it is not the doing of China but that of the Nigerian government who has failed to put up good legislation to stop the importation of fake products and that of Nigerians who order the fake products.

Some of the products used in the USA and Europe that meets the required standard are made in China. So, China is not the problem, the problem is the people requesting for substandard products.

I believe it is clearer now. Now you know you can actually import quality goods from China if you so desire. Let us talk about the other advantages China has over other countries.

The major reason is that China is the country you will get the cheapest products from. Of course, you should know that the quality is guaranteed. China has very low labor and production costs compared to the USA and Europe. Resultantly, most of the big companies you know have gone there to set up factories and that gives them more profit.

Remember, this mini importation business guide will ensure you know the needed things before you proceed and one of those things is the place to buy from.

Let us proceed to what you will need to start online mini importation business in Nigeria.

What you need to start online mini importation business

So many people are running a profitable importation business in Nigeria. So many people understand how to import goods from China to Nigeria. So many people have written and read free mini importation ebooks and so many people talk about mini importation business on Nairaland. You can become a successful e-commerce entrepreneur if you so desire but you must get your facts right.

What exactly do you need to start online mini importation business in Nigeria? I will tell you. After all, that is the only reason we are writing this piece.

  1. A PC or a good smartphone with internet access

This is primary. Everything you are doing; searching for products, ordering the products, payment for the products, shipping of the products, and sometimes, sales of the products are done online. Therefore, you must have access to the internet using a good Smartphone or a good PC.

  1. A valid email

You must create a valid and working email as that will be key to registrations and verifications.

  1. A valid Address

Whichever delivery platform you will use, it will require you have a valid home or office address that the products will be shipped to. The address has to be also traceable.

  1. Money in your account

You know you cannot honestly run any business without money so you will need money in your account before you start online mini importation business.

We are here now. Let us get on with it. You have all the necessary background information now. We can move on to the next level. Let us explore the guide on how to start online mini importation business in Niger.

Guide On How To Start Online Mini Importation Business In Nigeria

start online mini importation business

  1. Which platforms will you buy from

Just as there different offline markets, you will find online market places too. There is a handful of them but we will recommend the following given that they will give you their products at affordable prices.

a. Aliexpress

If you are a small business and you want to start online mini importation business from China, this is the platform for you. It has emerged as the leading place for importers who would want to buy at a wholesale price from China.

Anybody who knows anything about online marketing knows the Alibaba Group and Aliexpress is a subsidiary of the group.

You only need to search the group to understand how influential it is in the internet sphere. It is a giant company owned by Jack Ma. It is worth more than $120 billion.

The platform, Aliexpress was launched in 2010 by Alibaba Group as their online retail service platform. It is majorly a place where you will find small sellers offering their products to buyers online. Aliexpress has more than 20 categories for their products and it sells to people from over 200 countries of the world. Register and start buying products now at http://www.aliexpress.com.

b. DHgate

DHgate is backed by investors Warburg Pincus, JAFCO and KPCB and has been in business since 2004. That is a very long time ago. If you ask me, I will tell you that they have been around long enough to establish trust for those who would want to start online mini importation business.

Majorly, this platform is a B2B (business to business) website that connects China-based small and medium ventures with overseas buyers. You can order the products directly from this website. Majorly, it has to be Chinese products, don’t forget that.

The website has a wide range of products and it also offers support through online chat, email messages or phone calls. Visit it today at http://www.dhgate.com/ and order your products.

c. iPmart

This is a bit different from the other platforms. It does offer products from China, Malaysia, and the USA but it has a limitation. While Aliexpress and DHgate offer you a wide range of products, iPmart only offers electronic gadgets.

If your mini importation business has electronic gadgets as part of what you want to sell, this platform is your bet. A quick glance at http://www.ipmart.com will give you more details and you can make your orders there.

Now, the above platforms are our top picks. There are other platforms that you can explore and make orders from.

When you visit these websites, you will need to register by completing the form on the registration page. Most times, you will just have to provide your name, email, and password. There is the option of signing in with your Facebook account. You did have to choose the one that is convenient for you.

After the registration, you can start buying and adding to your cart until you are ready to order. When that time comes, you will be led to the payment page.

  1. How to pay for the products you have picked

Apart from the MOQ discussed above which is the limitation on the part of the sellers, one of the reasons small businesses didn’t venture into importation is the complicated nature of getting a letter of credit or bank guarantee. That was the traditional importation anyway.

This is no longer the case today. As many free mini importation ebooks will tell you, the online payment systems has made it easy for anybody to buy at any time. These platforms above accept multiple payment systems.

You can pay with your credit or debit card; do a bank transfer or any other form of online payment they will accept. If you don’t know how to use your ATM cards to pay, you can quickly watch this short tutorial on youtube.

  1. The level of protection (can one get scammed?)

We know that the online payment processes and online transactions are riddled with fraud and scam. This has led so many people to build a distrust for the system. One of the questions on your mind will definitely be if you are going to get scammed if you start profitable importation business in Nigeria.

You can imagine getting the products you ordered and they are fake or you pay for products and they are not shipped to you.

The possibility of these arising is one of the reasons we recommend these three websites above. They have some form of protection for the buyers. It is called the Buyer Protection mechanism. This mechanism is built into the payment process.

Another name for this mechanism is Escrow. The way it works is that instead of paying the seller directly when you make purchases on Aliexpress or DHgate, these platforms withhold your payment and wait for confirmation from you that the goods you received are what you ordered before they remit the money to the sellers.

It is like booking an Airbnb apartment. Until you confirm service delivery and satisfaction, the seller will not sell.

More so, these platforms or websites offer reimbursements if you are not satisfied with the products you received. These measures are put in place to ensure that there is a reduction of fear of loss of money. We cannot say it is totally risk-free but it is much reduced.

  1. How you can find quality and reliable goods

Like we earlier stated, there is this concern about buying goods from China and it is because of factors we already explained. But you must buy from China if you intend to maximize profit. The question, therefore, is how you will find quality products and sellers that you can rely on to deliver.

To do this, you will have to explore the power of feedback ratings. It is very essential that you understand what people are saying about the person you want to buy from before you can commit your money to the person.

The feedback rating is the measure of the reputation of the sellers on these platforms. When buyers are done with their transactions, they are expected to leave negative or positive feedback based on their experiences. You can measure up the seller from these ratings.

You will find people rating them on the scale of either 0-100% or 1-5 stars. In the course of shopping online, you will come across products that you like and would want to buy. Take time to look at the reviews so as to know the reputation of the seller.

While looking at the ratings, we advise that you take the time to look at the comments section so as to read the actual comments of the buyers. It helps you understand more. At the bottom of every product page, you will find product details and description; the shipping conditions, and sellers guarantee so as to be sure that what you are buying is what you really had in mind.

  1. The products to buy

start online mini importation business

To start online mini importation business in Nigeria, you will need to know the products to buy. The good news is that you already know where to buy from and these platforms/websites discussed above have most of the hot selling products.

The products we regard as hot-selling products include clothing accessories, consumer electronics, mobile phones and accessories, and hair extensions. As a matter of fact, hair extensions of all kinds are about the hottest selling products given the fact that they are recurrently used and are demanded by a large number of people. You can venture into it.

Generally speaking, people are more interested in fashion and electronic gadgets especially the younger population. Nigerian market provides a good place to sell these products and I did benefit from this craze to make money.

However, it will be wrong to conclude that because a product is hot-selling, it will sell for you. You need to carry out a feasibility study to know the one that works better in your local market. It is very important. Your location is crucial to your success. if it is possible, test-run the product and then you can make bigger demands.

  1. Delivery

Whatever you buy and it is not delivered to you, it is as good as you didn’t do anything. In fact, it is worse. That is why it is important that you understand how the goods will be delivered to you, who will deliver it and the time it will take.

If you are lucky, you will get a free shipping service from aliexpress.com or dhgate.com. Some products come with that service. The service is often provided by China Mail Air Post or Hong Kong Mail Services.

Get it right, free shipping is very attractive but it comes with a catch; it takes a long time to reach Nigeria (15-60 days). It also provides security issues. You will find a little difficult to track the goods. If you are not concerned with the security and time of delivery, you can explore this option.

But the ideal thing is to explore the other delivery options available as they are more efficient and effective. Some of them include FedEx, DHL, and EMS. They are obviously more effective but you are guaranteed early delivery and you can track them easily while they are en route. Don’t forget to put your mobile number for easy communication.

  1. How to find buyers for your products

When you bring in your products, you will need to sell them to the people who would want to buy. Which people will that be? It is usually better to have a great market before importing. If you don’t have buyers already, you did have to find some.

To do that, you will need a shop. An offline shop will still do the wonders and that is true. It is very traditional as it is ancient and it is very effective. People who are interested in buying will walk in to make purchases. The fact that you import online doesn’t mean you should only sell online. You can sell offline and that is usually a great idea.

The advantage is that since you import directly from overseas producers, you can actually sell your products at a lower price and still make more profit. This is a competitive advantage and you just have to take it.

The truth is that there are so many people who cannot afford to set up offline shops either due to the lack of time or resources. I wouldn’t worry about that if I were you. I will just go ahead and start my profitable importation business knowing that I can open online shops and sell my products there.

The internet is the game changer and it goes a long way in making you make up for what you cannot do offline.

There are many social media platforms that you can utilize to market your products. Personally, I use Facebook and Twitter and you can use others. Just pick the one that you can handle and pitch yourself a name and start making sales. You don’t even have to pay except you want to which of course is a higher level of marketing. I believe you know about free and paid Facebook ads.

  1. Funds

In the final analysis, it will always come down to funds. It is the blood that keeps any business running. Without it, you cannot start online mini importation business in Nigeria or in any other place. It is just the way it is.

From the name of the business; mini importation, we can all agree that you don’t need the world to start it. It is within the category of small and medium enterprises (SMEs). The fund you need to start this business according to most of the mini importation business guides available will just be a little fund.

Without running the risk of oversimplification, you need at least, 50,000 naira to start the business. If you have more, it is even better.

However, our advice is that you start small and scale the business. You need to know how to handle the business before you can put in a lot of funds into it. Just be careful and understand that there is always a risk associated with every business.

Conclusion

It has been an interesting run looking up this business idea. I know you have seen or heard about mini importation and it is cool but you have just been given a detailed guide on how to start it. Would you be bold enough to start or would you wait for when the time is right which frankly speaking, never happens? The choice, of course, is yours. Do have a wonderful day.

Cheers

Sam.

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How to Finance Your Education: The Best Ways to Pay for College

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How to Finance Your Education: The Best Ways to Pay for College

With the cost of college rising, it’s hard to figure out how you can afford your education without going into debt. We want to show you some ways that may be able to help with financing your education. This article provides the best ways for how students can finance their education.

Practical Ways to Finance Your Education

Local Scholarships

There are a few practical ways to finance your education, and one of them is through local scholarships. Local scholarships are usually offered by businesses, civic organizations, and religious groups.

They tend to be smaller in amount than national scholarships, but they can still provide a significant amount of financial assistance. To find local scholarships, you can search online or ask your school’s financial aid office for a list of resources.

Financial Aid Appeals

Colleges are not static institutions and they often have to recognize changing economic conditions. This may mean that a student’s financial aid package needs to be adjusted. A financial aid appeal is an option for students who have had a recent change in their financial situation, such as the loss of a job or unexpected medical bills.

If you have been denied financial aid, you have the right to appeal the decision. Here are a few tips on how to appeal:

  • Gather all of the documentation that you will need to support your case. This may include tax returns, bank statements, pay stubs, and anything else that can help prove your financial need.
  • Write a letter to the financial aid office explaining your situation and why you believe you should receive aid.
  • Include a copy of your most recent tax return and any other supporting documentation.
  • Be polite and professional in all correspondence with the financial aid office.

If you follow these tips, you will give yourself the best chance possible of having your financial aid appeal approved.

Employer Tuition Assistance

Employer tuition assistance is one of the most popular ways to finance your education. Many employers offer some form of tuition assistance, and it can be a great way to get your education paid for. Employer tuition assistance can come in the form of tuition reimbursement, tuition discounts, or other types of financial aid.

Save money ahead of time with a 529 plan

One of the best ways to finance your education is to start saving money ahead of time with a 529 plan. A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education expenses. With a 529 plan, you can save money for your own future education or the education of a family member, such as a child or grandchild.

There are two types of 529 plans: prepaid tuition plans and college savings plans. With a prepaid tuition plan, you purchase tuition credits at today’s prices to use at a participating college or university in the future. With a college savings plan, you invest in a portfolio of investment options, which can grow over time.

529 plans are sponsored by states, state agencies, or educational institutions, and are managed by investment companies. There are many different 529 plans to choose from, so it’s important to compare plans and find one that best suits your needs.

If you’re looking for a way to finance your education, a 529 plan is a great option. Start saving now and you’ll be on your way to a bright future.

Consider a less-expensive school

There are a number of practical ways to finance your education. One option is to consider a less-expensive school. This can be a good option if you are looking to save money on tuition and other associated costs. Another option is to look for scholarships and grants that can help you cover the costs of your education.

There are also a number of loan options available, both private and federal. You can also look into work-study programs and other ways to earn money to help pay for your education. Whatever route you decide to take, there are a number of options available to help you finance your education.

Consider private student loans

You may be able to finance your education through private student loans. Some private lenders offer loans specifically for students attending certain schools or pursuing certain majors. You may also be able to get a private loan if you have a cosigner.

Get a job

There are a few practical ways to finance your education, and one of them is to get a job. You can work part-time or full-time, and use your earnings to help pay for your schooling.

This can be a great way to gain work experience in your field of interest, and also reduce the amount of debt you have when you finish your education. You may also be able to get scholarships or grants from your employer that can help with your schooling costs.

Apply for internships

There are a number of practical ways to finance your education. One way is to apply for internships. Internships can provide you with the opportunity to gain valuable work experience while also earning money to help pay for your education. Another way to finance your education is to apply for scholarships.

There are a number of scholarships available to students who are willing to put in the time to search for them. Finally, you can also take out loans to help pay for your education. Loans should be considered a last resort, as they will need to be repaid with interest. However, if you are unable to find other ways to finance your education, taking out a loan may be your best option.

Spend Wisely

There’s no doubt that college is expensive. But there are ways to finance your education without going into debt. Here are a few tips:

  • Start with scholarships and grants. There are many sources of financial aid that don’t have to be repaid.
  • Work while you’re in school. You can earn money to help pay for your education while getting valuable experience at the same time.
  • Be smart about your borrowing. If you do need to take out loans, make sure you understand the terms and only borrow what you need.

By following these tips, you can finance your education without putting yourself in a difficult financial situation.

Conclusion

Paying for college can be a challenge, but there are many options available to help finance your education. Federal and state grants, scholarships, and student loans are all great ways to pay for college.

You can also look into private loans, work-study programs, and military benefits. Talk to your financial aid advisor to explore all of your options and find the best way to finance your education.

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Basic Steps And Requirements For Starting A Dredging Business In Nigeria

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Dredging has to do with the mechanical excavation of sand, gravel, mud and other substances from the bottom of a water body such as a river, stream, creek, lagoon etc. to do that, you need a vessel known as a dredger.

The need for more buildings and other physical structures has made the market for dredging in Nigeria to become a much sought-after one. Of course, there will always be the need to build or construct. So, dredging never dies.

Aside from the construction of new buildings or roads, etc., dredging products such as sand, gravel, rocks, and pebbles are also used to reclaim swampy areas and for the production of construction materials.

Basic Steps And Requirements For Starting A Dredging Business In Nigeria

Basic Steps And Requirements For Starting A Dredging Business In Nigeria

How Does Dredging Work?

Some dredgers are water-powered, and these cuts and sucks up the dredged material, like sand, from the bottom of the waterway by a method which involves a stepping stool that is mounted on the cutter head passing the material via a suction pipe and this sucked via a suction pump via a drifting pipeline up to the shore. When it arrives on the shore, at the dump, is it moved using tipper to the sub-dump where it is piled up, ready for sale or use.

Opportunities Available in dredging commercial enterprise

There are plenty options in the dredging business. Let’s look at some of them below:

1) Dredging:

  1. Channelization of river
  2. Fabrication of dredger
  3. Managing the dredge team
  4. Reclamation and urban renewal
  5. Safety of a dredger
  6. Stockpiles and profits

2) Supply of sand to numerous locations

3) Sand search

4) Environmental impact assessment

5) Hydrographic survey

6) Leasing of dredging workplace tools such as:

  1. Dredger
  2. Excavator
  3. Low bed
  4. Payloader
  5. Swamp buggy

Basics Steps To Starting Dredging Business In Nigeria

Among the many uses of dredging, its use for the building of houses seems to be the most outstanding. Housing, of course, is one of the most basic needs of man. He can’t just do without it, just like food and clothing. Before the advent of the present technologies in building construction, man has always experimented with several materials to meet his housing needs. This ranges from mud, sand and rock, all in an effort to withstand the elements. With time, however, in a bid to get the much-needed solidness and strength for buildings, other materials have been introduced to building technology such as steel and glass.

Given the alarming shortage of residential and commercial buildings in the country, therefore, there has been much interest in the sand dredging industry in Nigeria, all in a bid to cater for the housing needs of Nigerians. Sand dredging is vital to keep the pace with building of homes and offices as well as industrial layouts in all over the country. Therefore, going into it is a great way to earn a decent income.

Kinds Of Dredgers To Buy

Two popular kinds of dredgers are available in the market. They include

  1. The discontinuous
  2. The persistent

The discontinuous dredger burrows and excavates the heap while the persistent dredger burrows consistently, raising and also transporting the dredged materials at the same time.

Types Of Dredgers To Go For

If you wish to buy dredger in Nigeria, go for the types manufactured by IHC as well as ELLICOT. There are more solid, sturdy and durable, although a bit expensive. China-made dredgers are not very strong, although less expensive.

Types Of Dredging Businesses To Do

There is hardly a part of Nigeria where dredging business does not thrive. However, the riverine areas have more market for the business. however, dredging business in Nigeria may be dissected into the following parts or classification systems:

  1. Class A —Dredging Firms only
  2. Class B — for Only Dredging and sand dealer as well as;
  3. Class C – Manual dredgers as alone

Class A – Dredging Firms Only

  1. Application for dredging routed to the Honorable Commissioner Ministry of Waterfront Infrastructure Development.
  2. Installment of the use charge of N50,000 [fifty thousand Naira only] Provides point by point depiction of proposed dredging area.
  3. Provision of the Environmental Impact Analysis Report.
  4. Provide Hydrographic review.
  5. Bathymetric review of the proposed area.
  6. Duplicates of current duty freedom authentication.
  7. An endorsement will be liable to the installment of the accompanying charges:

(an) (i) Payment of the total of N1,000,000.00 (One million Naira) per annum.

(ii) Proof of Ownership or Access to Portable Barges

(b) (i) Payment of the total of N750,000.00 (Seven Hundred and fifty thousand Naira) per annum

(c) (i) Payment of the entirety of N500,000.00 (Five Hundred Thousand Naira) per annum.

Classification B – Dredging/Sand Sellers Only

  1. Application for dredging routed to the Honorable Commissioner, Ministry of Waterfront Infrastructure Development.
  2. Installment of utilization expense of N50,000.00 [Bank Draft] Provide point by point portrayal of proposed dredging area.
  3. Provide the Environmental Impact Analysis report.
  4. Provide hydrographic study.
  5. Bathymetric study of the proposed area.
  6. Duplicates of current expense leeway authentication.
  7. An endorsement will be liable to the installment of the aggregate of the accompanying expenses.

(i) installment of the entirety of N1, 000,000.00[One million Naira].

(ii) Proof of possession or access to convenient freight boats

(b) Payment of the entirety of N750,000:00 (Seven Hundred and fifty thousand Naira) per annum.

(c) Payment of the entirety of N500,000:00 (Five Hundred Thousand Naira) per annum.

Classification C – Manual dredgers as it were

  1. Application for dredging routed to the Honorable Commissioner, Ministry of Waterfront Infrastructure Development.
  2. Installment of utilization expense of N50,000.00 [Bank Draft] Provide point by point portrayal of proposed dredging area.
  3. Verification of responsibility for Edge review and Ecological Impact Analysis (EIA).
  4. Provide an account of dredging procedure to be embraced.

The endorsement will be subjected to the installment of the accompanying expenses:

(i) Payment of the total of N200, 000:00 (Two Hundred Thousand Naira) per annum.

(ii) Proof of access to Portable Barges.

(iii) Payment of the total of N100, 000:00 [One Hundred Thousand Naira) per annum.

(c) Payment of the total of N50, 000:00 (Fifty Thousand Naira) per annum.

 

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20 Lucrative Small Businesses In Nigeria You Can Start Now

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Small businesses have always existed in Nigeria and are commonly operated in the streets. These businesses have catered to the immediate needs of many as they are easily accessible, hence the increase in the number of small business owners in the country. For many who are having a hard time deciding which to invest in, the list below will be of great help.

20 Lucrative Small Businesses In Nigeria You Can Start Now

20 Lucrative Small Businesses In Nigeria You Can Start Now

1.      POULTRY FARMING:

In Nigeria today, the amount of protein consumed daily is unimaginable, this makes poultry farming a very profitable business to invest in.  Poultry products like eggs, birds are consumed on a daily basis in homes, restaurant businesses etc. Therefore, investing in this business has a good margin for profitability and the best part is that you can start small.

2.      FISH FARMING:

For fish farming, you will need to equip yourself with the right information on how to properly build a fish farm so as to avoid losses. Types of equipment needed are fish ponds, a good supply of water and good drainage system before you proceed to get your fingerlings which will be nursed into the mature fish.

3.      SNAIL REARING:

Snail rearing is another business you can venture into. It requires less capital and snails reproduce at a fast rate. Snails can be reared in homes as they do not smell and are also in high demand in Nigeria.

4.      CROP FARMING:

There are many things that can be done with an unused land and one of them is crop farming. This can be done either on a small scale or on a commercial scale. The population in Nigeria makes farming a profitable investment. Rice, Cassava, yams, maize and vegetables are examples of crops that can be planted because they are in constant demand.

5.      RESTAURANTS:

Restaurants will continue to exist since not everyone can afford to patronize fast foods. As food is an essential for everyone, this business has a tendency to thrive. Bearing in mind that it is accompanied by its own unique stress but with good hands, this can be managed.

6.      CATERING:

Catering is also centered on food. Caterers exist because not everyone has the time to prepare meals for their events. This business is usually done on a contract basis and when handled with professionalism promises lifetime customers irrespective of how much you charge.

7.      CAR WASH:

The basic needs of this business are a very accessible location, a good supply of water, car washing equipment and a good support team.

8.     LAUNDRY SERVICES:

To run my service, you will need a reliable source of electricity supply and other equipment like a washing machine, dryer and pressing irons.

The ability to satisfy your clients will determine how much profits you can turn in.

9.      SOAP MAKING:

Just like food, soap is also in high demand in homes, offices, etc. Get the right knowledge, equipment, excellent packaging and strategic marketing, and you are all set.

10. HAIR AND BEAUTY SALONS:

As long as there are people, there will be salons. Everyone desires to look good and this boost the hair and beauty business. Acquire the skill, set up your shop and let people know about your business.

11. TAILORING AND FASHION DESIGN:

Fashion design requires skill and creativity. You can start small and build your brand with time. Build good relationships with your clients, offer quality service and this can earn you referrals as well as return customers.

12. SALE OF SECOND ITEMS:

Majority of the population in Nigeria buy second-hand clothes, shoes, curtains,  bed sheets etc. which makes this business a very profitable one. You can start with a bale and expand with time.

13. EVENT PLANNING:

Every event requires a planner either professionally or not. Event planners help ease the stress on the client by coordinating events from start to finish. With the right information, software and expertise you can build a good reputation as an event planner.

14. SALE OF ICE BLOCKS:

For areas where the power supply is low, ice block business is a good source of income. Ice blocks are needed on a daily basis by sellers of drinks.

15. TUTORING:

With the current emphasis on vocational training, Parents are in need of tutors to coach their children in subjects and arts like acting, dancing, singing and creative writing. This is an opportunity for everyone with these skills to earn money while instilling knowledge.

16. PARTY EQUIPMENT RENTALS:

This business is capital intensive as you will need to acquire the materials like canopies, chairs, drums etc. This business can be run from the comfort of your home.

17. SUPPLYING AND SALE OF FIREWOOD:

On a daily basis, firewood is used in Nigeria, either by caterers, restaurant business owners etc. Starting a firewood supply business can yield you good profits.

18. SNACKS AND COCKTAILS:

Little drops they say makes a mighty ocean, you can make snacks like puff-puff, bread, cake, meat pie etc. with drinks like zobo and pineapple drink for sale in areas like schools, offices etc. and earn some money daily.

19. OFFICE SUPPLIES:

For workers who are unable to shop for their office needs, you can be the middleman bringing their needs to their doorstep at fair prices.

20. WEBSITE DESIGNING:

Many businesses are moving with the tide and going digital which has led to a demand for web designers. You can acquire the skill and source for clients in need of this service. The internet is a good place to start.

Welcome on board to entrepreneur.ng

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