There are so many businesses you can start in Nigeria for a
very little amount of money and you can within a couple of weeks be smiling to
the bank. Let me state that I’m not saying you’ll become rich overnight with
little stress, I’m merely saying these businesses don’t require much startup
capital although they are very challenging and require a lot of attention at
least at the initial stages for them to yield the desired results. Overall I’ll
say if you find a suitable location and have a solid marketing plan in place
you should be able to recoup your investment in less than 4 months and even
increase your income two or three folds within 6 months. I’m confident in
recommending these businesses because of the existing market trends which show
growth.
5 Lucrative
small businesses to start in Nigeria 2016
Here’s the list;
Shawarma
and small chops
Shawarma is one of the most items on demand in outdoor
evening hangouts for young romantics and it’s increasingly gaining prominence among
young Nigerians especially in cities like Lagos, Abuja, Port Harcourt and Benin.
At some shawarma joints in Abuja I know of more than 60 orders are placed daily
at average cost of N1,000 that’s N60,000 from sale of Shawarma only, now think
how much sales could come from offering roast fish with chips, suya and drinks.
Startup
requirements: a stand for placing your machine, Shawarma machine,
condiments and ingredients for preparing your shawarma, drinks, furniture,
entertainment system and working capital.
Reselling
Palm Oil
Palm oil is one of Nigeria’s best consumed agricultural
produce although there are health concerns about the quality of locally
processed palm oil and cholesterol levels however if you can prove to your
customers that you sell well processed and health friendly palm oil you’re
already in business as many middle class consumers are becoming increasingly
health conscious.
Startup
requirements: N150,000 startup cash to purchase stock, 100 jerry cans of
various sizes, capping machine and N30,000 for marketing
Hair and
Beauty Salon
Anywhere in Nigeria you find women who earn an income
regularly, you’ll always have a way to make money setting up a hair and beauty
salon. The trick here is to be better than the average hair and beauty salon,
if you make excellent hairdo women will flock around your salon like ants do to
sugar.
Home and
Office Cleaning
This business works best in top cities with a large number of
middle class residents and offices such as Abuja, highbrow parts of Lagos and Port
Harcourt. Your main customers would be hotels, schools, law firms, fast food
restaurants, banks, IT companies and even private residences. Very few busy
people who earn well have the time and energy to carryout basic home and office
cleaning when they have plenty of work to deal with, so the demand is for
professionals to render this service which is usually outsourced, the good
thing is you only need basic cleaning reagents and tools which could cost less
than N100,000 in total.
Freelance
Marketing
You can also start a small business as a freelance
marketing/sales person approaching businesses with unique and lucrative
products to help them find customers for which you get paid a commission for
any successful sale made through your referral. For instance you may approach a
real estate dealer, a car dealer, electronics shop, Education consultant/foreign
school placement agency, hotel or car rental service. You make money by getting
people who need these services to contact you for enquiries, when you answer
their questions satisfactorily they’ll naturally want to know how they can make
payment that is where you hook them up with the actual seller. But make sure
you sign a contract with the seller so that you don’t work in vain. With as
little as N50,000 you can start this business and what you mostly need is an
online presence – website, twitter handle, Whatsapp number, email and thorough
knowledge of whatever you want to market.
Thanks for
reading my article, I’m Paul Onwueme a professional business plan writer
contact me if you need a business plan or business proposal: 0803 206 4106
