13 Best Business Ideas You Need To Start In Nigeria And Make Money

Best business idea

In Nigeria learning a skill is one of the best thing now cause when you have a skill you can turn it into a source of income.

People will pay you for what you know and what you can do for them “if it adds value to their life” Some of these business ideas you can operate from your home.

Some you can start part time. And some of these businesses are very simple and require limited expertise and are the most profitable business in Nigeria with low capital.

In this article, I will share with you 13 Best Business Ideas to Start In Nigeria that can make you good money. Not only that, you can start any of them with a low capital.

In Nigeria today, due to the way the economy is, lots of people are looking for various ways they can survive. And personally speaking, the best way to survive the hardship of this country Nigeria is to open your own private business.

So below are some businesses you can start small and expand as time goes on.

13 Best Business Ideas You Need To Start In Nigeria And Make Money

Best Business Ideas to Start In Nigeria

Mobile Phone Repairs

This is a business idea that will fetch you good money if you are patient to learn how to repair and maintain mobile phones. With less than N50,000 you can start a phone repair and maintenance business in Nigeria.

All you need to start is a little training, a laptop, software tools, some regular home tools (screwdriver, soldering iron, brush, battery tester, etc.) and some marketing to let people know what you do.

You will also need to develop good relationships with dealers of quality accessories. With as low as N5,000, you can purchase a repair kit from any eCommerce stores. Just make payment with your debit cards, and you’re ready for business.

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Blogging

Best Business Ideas To Start In Nigeria

Think blogging is no longer a viable source of income? Think again. Tens of thousands of bloggers, creating content on topics as diverse as scrapbooking, home cooking, travel, film, lifestyle, and more are launching self-employed careers thanks to a combination of blog subscribers, affiliate marketing, sponsorships, and other revenue streams.

If you can write or have the capacity to learn how to write, start a blog. Blogging is a good way to make money online in Nigeria. All you need is internet access, good research skill, an interest, and a laptop and a lot of time.

Your most important and perhaps expensive investment in a blogging career is your time.

Also, since you would want people to find your blog posts without manually promoting it all the time, you would need to learn how to optimize your posts for search engines like Google or hire the services of an SEO Expert.

Set up a free blog with WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.

READ THIS: How To Start A  Blog in Nigeria and Make Money

Mini Importation

The internet has redefined trade and commerce. Many people have struck gold by importing items online through eCommerce sites like Alibaba, Aliexpress DHgate, global sources, etc. With about N100,000 or even less, you’re open for business.

13 Best Business Ideas You Need To Start In Nigeria And Make Money
Mini Importation – Best Business Ideas To Start In Nigeria

Identify people’s demands. Search all the eCommerce websites, get a procurement agent to purchase these items. The agent will then send them to you to sell and make your cash.

Even with the falling value of the Naira, people who are engaged in this business still smile to the bank. Items you can import and many varied and may include: mobile phone accessories, cosmetics, fashion items, etc.

This post is a very helpful resource on all you need to know about mini importation.

Copywriter Service

1 1

Organizations of all sizes are in need of talented Copywriters to either compose press releases or content like blog posts. If you have these skills and a strong portfolio, writers can make a very comfortable living. This is one of the untapped business in Nigeria

How to Become a Good Copywriter Step-By-Step

Do you want to join the rank of copywriters and make cool money?

Copywriting in Nigeria, like any work, requires knowledge. You need to go through the learning period.

Feeling overwhelmed with all the information here?

Trying to figure out what you should do first? Second? Third?

Well, let’s go back to the steps I outlined in the beginning, and we will wrap up with some concrete, actionable steps:

  1. Be Proficient in Grammar

Grammar is the first thing you have to learn as a copywriter. And it is not only the English language; there is Russian, Chinese, Arabic, and more.

Whatever language your copy is going to be, make sure your grammar is good enough.

No matter how compelling your copy is, if the grammar is incorrect, nobody will want to read it.

So, take copywriting course in Nigeria on sites like:

Udemy

Coursera

With good grammar, you are one step away from becoming a copywriter and earning thousands of dollars.

  1. Learn the Basics of copywriting from books

As a copywriter, the basics are the most important to learn. The basics are tried and tested methods that work in copywriting.

They are methods that have been working for decades and are still working.

Many copywriters try to be creative, and they write entertaining copywriting.

But they went wrong because the copy did not ‘sell’ as it was meant to. It just put a smile on people’s face when they read it, but it does not ‘sell.’

  1. Connect with People

As a newbie to freelancing, 70% of your jobs come from your connections.

People you know, people who know you and trust you. And from there, you build your brand to a higher level

Connect with people doing the same work as you. Join Facebook groups and forums.

Follow the experts in copywriting on Twitter and learn from them. You can pick up things from their tweets and by association with them. You can also follow other Copywriters in Nigeria and learn from them.

READ THIS: Top 20 Places You Can Promote Your Business For Free

Affiliate Marketing

This online money-making opportunity is a lucrative business in Nigeria anyone can start with little or no investment. An affiliate marketer is one who helps companies or individuals sell their products and earn a commission.

Affiliate marketing - Best Business Ideas To Start In Nigeria

Products you can sell online here can be digital products or physical products. You can sign on with as many affiliate programs as you can handle and use your affiliate links to promote the products through social media or by creating dedicated websites. Many people in Nigeria have become millionaires through affiliate programs.

Affiliate marketing works in a way that you get a percentage of the product price. When anybody buys the product through your link, a certain percentage goes to your account.

Affiliate marketing helps you make commissions by sending your referrals to an affiliate offer.

There are multiple niches to choose for affiliate marketing. Affiliate marketing is said to grow by 8.3 billion by 2022. Thus hundreds of niche products are being sold every day using affiliate marketing. It is easy to become an affiliate and start selling products in any niche.

In Nigeria now, Affiliate marketing is making people a lot of money. And the good thing is that, most of them uses Facebook to advertise the products. To find a good niche for affiliate marketing on Facebook. Use Keywords tools (or) just use Google and Facebook to do the research.

The most profitable niches for affiliate marketing:

  • Online Marketing
  • Health & Fitness
  • Facebook and Instagram Ads
  • Make Money Online
  • Digital Products
  • Love & Relationships
  • Health Care Products 
  • Skin Care Products 
  • Freelancing 

You can choose any of the above niches that you like. You can search for the products within your interested topics and look on Facebook to know who is promoting such products.

If many people are promoting products on Facebook in your niche, then it’s an opportunity for you to sell those products too.

After deciding on your niche, the crucial part is to discover the excellent selling products for your area of interest and become and affiliate. You can either choose to sell any physical products or digital products of your interest.

You can find the best affiliate products in your niche by signing up in any of these marketplaces:-

  1. Expertnaire
  2. JVZoo
  3. ClickBank
  4. WarriorPlus
  5.  Jumia Affiliate Program

Once you’ve signed up for any of the above marketplaces, look for any products in your area of interest and research how the goods are acting in phrases of no-of income, refund fee, conversion fee, and, most importantly, check in case your product is inside the top-promoting list.

If a product is selling good within the market and has low refund prices. Then, it makes it less difficult, you can promote such products as a beginner

Note: Digital products is a very good choice if you’re looking for high commissions products to promote in Nigeria and make money. Typically most of the digital products give you commissions of 30–65% for each sale to make.

Social Media Marketing

Best Business Ideas To Start In Nigeria

The Social media space has grown to be an important tool that can drive not only the visibility of businesses but also their profitability.

Indeed, some forward-looking companies now have social media strategy as a full-service function within their organization while some others outsource this service. This is why there is a growing need for people with social media marketing strategy and development skills.

Take advantage of this development to learn the tricks of using Facebook, Twitter, LinkedIn, Online Forums, Blogs to sell goods and services and offer this to the many individuals and corporate organizations, including SMEs yearning to launch into the digital marketing space and make money for yourself. You can check this out on how to make money on Facebook in Nigeria

READ THIS:Top 12 Benefits of Email Marketing For Business

Instagram Marketing

Build up a following on your Instagram account and you could quickly be approached by major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share on Instagram—creating multiple potential side business ideas that’ll come to you.

If you have the right marketing skills and hundreds of thousands of followers, you can easily charge anywhere between $500 to $8,000 per post (or more)—which makes for very profitable side business ideas and best best business ideas to start in Nigeria

Drop Shipping 

Drop shipping is one of the best at-home business opportunities there is. Drop shipping is a fulfillment model that lets you buy products directly from a supplier or manufacturer and ship them to your customers.

Compared to other ecommerce business opportunities, dropshipping has a low barrier to entry. You don’t have to worry about carrying inventory or buying products in bulk.

You don’t even have to worry about shipping products, because your supplier handles that for you.

Since you don’t have to buy the items you sell, you can offer a variety of different products, such as beauty, keto, fashion, home, ice cream, wholesale, and more—dropshipping business opportunities are near endless.

Web Design Agency

Having a website isn’t a luxury anymore. It’s a necessity. Web designers are incredibly valuable for technology companies—which is why becoming a freelance web designer is a top side business idea today.

Web Design Agency is one best business ideas to start in Nigeria that you can be making money monthly. Web design is all about mastering the art of creating a beautiful, value-driven experience for the people using a website or app.

There are always new websites popping up in need of professional web design, and foundational books like HTML & CSS: Design and Build Websites by acclaimed web designer Jon Duckett and Don’t Make Me Think by user experience legend Steve Krug will get you started down the right path to quickly determining whether or not becoming a web designer is one of the most viable side business ideas for you.

If you really want to make some cash, though, consider targeting emerging markets where the competition isn’t as high, but the demand is steadily growing.

Benefits of Learning Web Design

Here are some of the benefits of Learning Web design.

  1. Fat Salary
  2. Expansion to Other Areas
  3. Be independent
  4. It isn’t demanding on skills
  5. It is easy to work on your own
  6. You Can work anywhere in the world
  7. Be your own Boss
  8. There are more working opportunities
  9. There are more working opportunities
  10. Improves Creativity
  11. There are great employment opportunities.
  12. Your earning capacity is enormous

Mobile App Developer

With almost 5 billion mobile users in the world, mobile app development can be a profitable business venture since demand has been skyrocketing for years – whether if it’s a game or app that provides a useful function, such as a budgeting tool. And, as mobile usage continues to grow, this is a business that should be profitable for years to come.

Affiliate Sales and Marketing

If you already have a website that’s driving in targeted traffic, a great way to make passive income from the content you’re already creating, is through affiliate marketing. ClickbankSkimlinks, and Rakuten are all great affiliate marketing tools and networks that can help you make money from the content you already produce. This affiliate sales and marketing is an untapped business in Nigeria You can click here for your 6 Best Affiliate Marketing Tips

Start a YouTube Channel

Best Business Ideas To Start In Nigeria

If you can create value-driven, entertaining video content and grow your subscriber base to a few thousand subscribers, your videos can start generating pretty substantial income from all the ads being displayed on your videos. Many YouTube users make well into the millions each year.

Search Engine Optimization (SEO)

Search Engine Optimization (SEO) as opposed to Search Engine Marketing (SEM) is a form of marketing that focuses on the growing visibility of a company in organic or non-paid search engine results. This is one of the best business ideas to start in Nigeria

Search engines are basically the main method of website navigation for most internet users. This is independent of whatever the purpose of the website is, whether a content website, services, products, information, and the list continue, all use SEO for navigation.

SEO, in simple terms, is the process of increasing a website’s rankings in Search Engine Results Pages and one of the most important digital skills needed to drive traffic to a webpage, an important quest of all companies that have an online presence.

SEO covers both technical and creative elements of improving rankings, driving traffic, and increasing awareness in search engines.

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Meanwhile, learning basic SEO which might come freely from free online classes can make you a hot cake for companies willing to promote anything from a website to even a single blog post.

However, digital pros should know that an increasingly practical skill is imperative to the progressive development of all digital know-how even as the world and work go deeply digital.

Frequently Asked Questions

What do I need to start a business?

The basic things you need to do are to conduct a market research, write a business plan, choose a business name, register your business, and fund it.

Can I get insurance for my small business?

Of course, you can. There are small business insurance plans designed to cover losses you might incur while doing business.

What businesses are high in demand?

Online businesses like email marketing, affiliate marketing, content marketing, website design, information, blockchain technology are currently high in demand, and this may not be changing anytime soon.

Can I start a business without a capital?

Yes, you can. An online business in Nigeria that pays can be started with very little or no capital. All you need is to have the required skill and be able to convince a prospective client to work with you. You can also learn smarter ways to invest money here in Nigeria and ways to save money as a family.

 

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