It is important that you make your business legal by registering your business with the Corporate Affairs Commission (CAC). Ensure you also register with the right importation bodies in Nigeria.
1. Poultry Farming
This is one among the simplest business that’s yielding nice in Federal Republic of Nigeria, plenty of individuals United Nations agency have venture of this business early is actually creating it large nowadays. Poultry farming is extremely profitable, even some persons of other nationalities are trooping into Nigeria to begin poultry farming.
A poultry farm of 2,500 chickens will yield you additional #7 million monthly and #70 million annual. the nice factor is that you simply will begin creating cash from poultry farming at intervals 4-5 months in contrast to alternative business that take such a lot time to start out creating cash. With #500,000 you’ll be able to begin poultry farming in Nigerian if you have got a land. Not owning a land shouldn’t impede you from beginning a poultry farm as there are land’s that you can rent at affordable rates. Do make sure they are well secured.
2. Oil and Gas Business
Oil and gas business has best-known to be the millionaire’s business in Federal Republic of Nigeria, Oil and gas business is extremely profitable everywhere the globe. Oando, Corn Oil, you’ll be able to name them on, this folks area unit creating millions daily. The advantage of the oil and gas business is that you simply will begin little and grow rapidly along with your profit. This business needed sensible quantity of start-up capital for purchasing or dealing of land, building service station, and getting the desired documents to wrongfully install your oil and filling station.
3. Importation Business
Importation business is really profitable in Nigeria because, and I am being realistic, most of the things used in Nigeria are imported from outside the shores of the country. In recent times, the customs of the country have stepped so just ensure whatever it is you are importing into Nigeria meet the set standard by the regulatory bodies.
4. Mental Scrap Business
Mental scraps are melted to be used to produce alternative solid metal types. This business is profitable even though some think it’s dirty to some folks, however after you get into it you’ll notice it isn’t as dirty as some folks have been terming it. Still many innovative people are into this business and raise plenty of cash from it. If you’re in Lagos then considering investment into mental business, this can be an excellent plan. Even if you are in other cities such as Idi-Iroko, Ogun State, Port Harcourt and Onitsha. These are cities with smelting plants which would buy from you. There are valuable metals lying around like abandoned car parts, motorbike parts and so much more.
5. Advertising Business
In the whole world each business that will grow quicker undoubtedly would like advertising. Federal Republic of Nigeria firms area unit cathartic countless Naira’s yearly for advertising. There area unit many alternative reasonably advertising and you’ll be able to become a millionnaire with advertising company. we tend to area unit aiming to check out a way to become a millionnaire from advertising business in Federal Republic of Nigeria.
6. E-commerce Business
We must always assume every person currently grasp what e-commerce store is. Just in case you don’t know’ e-commerce store is on-line store that change folks to shop for things online and have it delivered to their given address while not them living the comfort of their home or workplace. We’ve some well-functioning e-commerce web site in Nigeria that keep providing pay on delivery. This business is profitable however takes a time to become king to folks. Generally it needs some high level advertising each on-line and offline to grow higher. This business will cause you to millionaire if planed and manage correct. we’ve reveal a secret on however you’ll be able to begin associate degree e-commerce business while not having product on your own and still observe quantity of profit.
7. Blogging Business
Blogging is creating sensible quantity of cash in Federal Republic of Nigeria if you recognize a way to set about it. in this day and age several Nigerians has gone in to blogging, it most typical in Federal Republic of Nigeria however still many folks didn’t still understand it. Blogging has rules and regulation to follow if you wish to achieve success. The very fact is that Nigerians has started abusing blogging doesn’t mean blogging isn’t profitable.
What happening is that Nigerians went into blogging within the mind to start out creating millions in an exceedingly week or month time, victimisation the hardship of the country in facing blogging. The question is that area unit this folks very proficient and has the robust heart of blogging? Within the past three years all Nigerians going into blogging area unit simply wasting their hard-earned cash as a result of they don’t wish to be told or maybe wish to exercise some patient.
8. Transportation Business
You most attest to the very fact that individuals ravel from one location to a different and this business has ever been booming right from time. This can be the business you’ll be able to begin nowadays and begin seeing cash directly. This business doesn’t need coaching job or any type of management to induce it moving.
All that require to be done is get a bus or little vehicle, register with pack and begin creating cash. In alternative wards you will wish to travel on the far side native transportation either state or maybe international. Presently we’ve some company well grasp in the country that have been rendering international transportation and that they area unit creating sensible quantity of cash daily. Transportation business will ne’er fall since there’d always be person with the need to convey themselves from place to place and not everyone owns a vehicle. This can be one most profitable business to seem at for if have the finance to start out it.
9. Food Production Business
If you know how to use your money wisely, this is a good option. You have the option of starting a farm to raise animals for consumption such as goats, rams, cows, poultry; or you plants crops such as yams, cassava, maize, rice and so much more especially the staple crops in your community for sell, You could buy the raw materials and process them. For example, you could buy cassava tubers to process into garri, plantain to process into plantain flour and so much more.
9. Office Supply
office supplies
Many businesses in the office supply industry have recently expanded into related markets. Most people who work in offices often times feel reluctant or get too busy to go out to buy certain things like paper, pen, stapler, and other materials needed in an office. You can help them do the shopping and add your mark-up. Gradually, you’ll be a major supplier and even extend to other offices around.
This business does not require a lot of money for start-up, and allows even students to engage in selling stationery to fellow students. In another dimension, you can buy goods such as clothes and shoes and other personal items and sell them in offices especially places like banks where workers do not have time to get to the market.
10. Fast Food/Eatery
FAST-FOOD-1440
You can never go wrong in the Fast Food business. Lots of Nigerians, especially bachelors, depend solely on foods made in either restaurants or eateries. This is due to their inability to prepare these meals themselves, or just the laziness in making them. You can start small in stands or kiosks, or a real building, depending on the amount you have as capital.
11. Professional Car Wash
car wash
Car wash business, which is offering outdoor services to clean the interior and exterior of automobiles, is similar to the laundry business. You can set up your car wash to be self-serving, fully automated, or full-service with attendants who wash the vehicles. This business is good if you can set it up in a strategic location in a populated state where there are a good number of cars and low competition with other car washers.
12. Snail Rearing
Snails Also known as heliculture, the process of raising land snails specifically for human use is a tedious one but at the same time is a successful business venture. Snail farming is one of the choice animal farming for many reasons. It is a low capital investment with high yield and a large market. There are few people currently doing this, most of which are in small scale. You too can invest in snail farming and make good money within a year.
13. Selling Used Books
Used Boks
Used books are some of the fastest selling items in the Nigerian market today due to the huge increase in the educated population. Nigerians are well-read people and that can be seen from the level of interest they show in purchasing books. A full container load of used books can be sold within weeks, especially in schools and office areas, and the profit margin is highly attractive. One great thing about used books importation is that they are sourced in countries like UK and USA for almost next to nothing.
14. Investing in Internet Companies
internet_keyboard
With the emergence of the internet, starting an internet business in Nigeria is now possible for anybody. That is one good reason why you should start an online business based on your knowledge, passion and need to be successful. 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 a creative online tech startup with good ideas and invest into. Within 1 to 2 years you will be counting your profits in millions.
15. Transport Business
transport
If you have been looking forward to creating additional streams of income to make your dream come true, then your search ends here. Transport business in Nigeria is one of the surest successful businesses to engage in.
Nigeria has the largest road network in West Africa and the second largest south of the Sahara, with roughly 108,000 km of surfaced roads. Nigerians travel a lot from one state to the other, and as such road transportation is a good business, and more people should consider owing transport companies.
16. Hotel Business
Hotel
This is probably the coolest money-making opportunity in Nigeria with guaranteed success. Invest in a small-scale hotel of just 10 suites and watch your money flow in duplicates. This has nothing to do with the tourism boom of any kind; it is simply connected to the fact that Nigerians are jolly people who love luxury and comfort. Also, expatriates in Nigerian prefer to live in hotels than an actual house, so you see, there can never be enough hotels in a city.
18. Importation of Tokunbo Cars/Spare Parts
used-cars
Every Nigerian wants to own a car, but not all of them can afford brand new cars. If you are very buoyant and don’t know what business to go into, this will be a good one for you. There is a huge market for used cars in Nigeria, you can start from one car, then two, in less than a year, you will have a fleet of cars in your garage waiting for its new owners to come pick them. This business entails a lot of risks though, but it is a sure business you can succeed in.
19. Investing in Property
EstateBQ
Being a landlord in Nigeria is a serious business because properties appreciate every day. Right now, Nigeria is one the countries in Africa where landed properties are most expensive. If you buy a plot of land now anywhere in the country, you are sure to make 100% profit within two years. You can buy, resell immediately, and make a profit, or buy and sell later. You can also become an estate manager and get a percentage for every house rented out.
20. Cassava Production
Cassava Farm
Normally, a lot of Nigerians will not want to embark on this business because of its nature and the stress involved. But in recent years, people are beginning to turn their attention to this aspect of farming in Nigeria that has been neglected for a while. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in fertile areas like Ondo and Rivers State, your harvest will be great, and your profit will sure flow in.
Having gone through these businesses, don’t let this knowledge go to waste. Analyze each business idea carefully; the risk, cost and of course, profit margin. You never can tell which of them might make you the successful businessman you have always wanted to be.
1. Poultry Farming
This is one among the simplest business that’s yielding nice in Federal Republic of Nigeria, plenty of individuals United Nations agency have venture of this business early is actually creating it large nowadays. Poultry farming is extremely profitable, even some persons of other nationalities are trooping into Nigeria to begin poultry farming.
A poultry farm of 2,500 chickens will yield you additional #7 million monthly and #70 million annual. the nice factor is that you simply will begin creating cash from poultry farming at intervals 4-5 months in contrast to alternative business that take such a lot time to start out creating cash. With #500,000 you’ll be able to begin poultry farming in Nigerian if you have got a land. Not owning a land shouldn’t impede you from beginning a poultry farm as there are land’s that you can rent at affordable rates. Do make sure they are well secured.
2. Oil and Gas Business
Oil and gas business has best-known to be the millionaire’s business in Federal Republic of Nigeria, Oil and gas business is extremely profitable everywhere the globe. Oando, Corn Oil, you’ll be able to name them on, this folks area unit creating millions daily. The advantage of the oil and gas business is that you simply will begin little and grow rapidly along with your profit. This business needed sensible quantity of start-up capital for purchasing or dealing of land, building service station, and getting the desired documents to wrongfully install your oil and filling station.
3. Importation Business
Importation business is really profitable in Nigeria because, and I am being realistic, most of the things used in Nigeria are imported from outside the shores of the country. In recent times, the customs of the country have stepped so just ensure whatever it is you are importing into Nigeria meet the set standard by the regulatory bodies.
4. Mental Scrap Business
Mental scraps are melted to be used to produce alternative solid metal types. This business is profitable even though some think it’s dirty to some folks, however after you get into it you’ll notice it isn’t as dirty as some folks have been terming it. Still many innovative people are into this business and raise plenty of cash from it. If you’re in Lagos then considering investment into mental business, this can be an excellent plan. Even if you are in other cities such as Idi-Iroko, Ogun State, Port Harcourt and Onitsha. These are cities with smelting plants which would buy from you. There are valuable metals lying around like abandoned car parts, motorbike parts and so much more.
5. Advertising Business
In the whole world each business that will grow quicker undoubtedly would like advertising. Federal Republic of Nigeria firms area unit cathartic countless Naira’s yearly for advertising. There area unit many alternative reasonably advertising and you’ll be able to become a millionnaire with advertising company. we tend to area unit aiming to check out a way to become a millionnaire from advertising business in Federal Republic of Nigeria.
6. E-commerce Business
We must always assume every person currently grasp what e-commerce store is. Just in case you don’t know’ e-commerce store is on-line store that change folks to shop for things online and have it delivered to their given address while not them living the comfort of their home or workplace. We’ve some well-functioning e-commerce web site in Nigeria that keep providing pay on delivery. This business is profitable however takes a time to become king to folks. Generally it needs some high level advertising each on-line and offline to grow higher. This business will cause you to millionaire if planed and manage correct. we’ve reveal a secret on however you’ll be able to begin associate degree e-commerce business while not having product on your own and still observe quantity of profit.
7. Blogging Business
Blogging is creating sensible quantity of cash in Federal Republic of Nigeria if you recognize a way to set about it. in this day and age several Nigerians has gone in to blogging, it most typical in Federal Republic of Nigeria however still many folks didn’t still understand it. Blogging has rules and regulation to follow if you wish to achieve success. The very fact is that Nigerians has started abusing blogging doesn’t mean blogging isn’t profitable.
What happening is that Nigerians went into blogging within the mind to start out creating millions in an exceedingly week or month time, victimisation the hardship of the country in facing blogging. The question is that area unit this folks very proficient and has the robust heart of blogging? Within the past three years all Nigerians going into blogging area unit simply wasting their hard-earned cash as a result of they don’t wish to be told or maybe wish to exercise some patient.
8. Transportation Business
You most attest to the very fact that individuals ravel from one location to a different and this business has ever been booming right from time. This can be the business you’ll be able to begin nowadays and begin seeing cash directly. This business doesn’t need coaching job or any type of management to induce it moving.
All that require to be done is get a bus or little vehicle, register with pack and begin creating cash. In alternative wards you will wish to travel on the far side native transportation either state or maybe international. Presently we’ve some company well grasp in the country that have been rendering international transportation and that they area unit creating sensible quantity of cash daily. Transportation business will ne’er fall since there’d always be person with the need to convey themselves from place to place and not everyone owns a vehicle. This can be one most profitable business to seem at for if have the finance to start out it.
9. Food Production Business
If you know how to use your money wisely, this is a good option. You have the option of starting a farm to raise animals for consumption such as goats, rams, cows, poultry; or you plants crops such as yams, cassava, maize, rice and so much more especially the staple crops in your community for sell, You could buy the raw materials and process them. For example, you could buy cassava tubers to process into garri, plantain to process into plantain flour and so much more.
9. Office Supply
office supplies
Many businesses in the office supply industry have recently expanded into related markets. Most people who work in offices often times feel reluctant or get too busy to go out to buy certain things like paper, pen, stapler, and other materials needed in an office. You can help them do the shopping and add your mark-up. Gradually, you’ll be a major supplier and even extend to other offices around.
This business does not require a lot of money for start-up, and allows even students to engage in selling stationery to fellow students. In another dimension, you can buy goods such as clothes and shoes and other personal items and sell them in offices especially places like banks where workers do not have time to get to the market.
10. Fast Food/Eatery
FAST-FOOD-1440
You can never go wrong in the Fast Food business. Lots of Nigerians, especially bachelors, depend solely on foods made in either restaurants or eateries. This is due to their inability to prepare these meals themselves, or just the laziness in making them. You can start small in stands or kiosks, or a real building, depending on the amount you have as capital.
11. Professional Car Wash
car wash
Car wash business, which is offering outdoor services to clean the interior and exterior of automobiles, is similar to the laundry business. You can set up your car wash to be self-serving, fully automated, or full-service with attendants who wash the vehicles. This business is good if you can set it up in a strategic location in a populated state where there are a good number of cars and low competition with other car washers.
12. Snail Rearing
Snails Also known as heliculture, the process of raising land snails specifically for human use is a tedious one but at the same time is a successful business venture. Snail farming is one of the choice animal farming for many reasons. It is a low capital investment with high yield and a large market. There are few people currently doing this, most of which are in small scale. You too can invest in snail farming and make good money within a year.
13. Selling Used Books
Used Boks
Used books are some of the fastest selling items in the Nigerian market today due to the huge increase in the educated population. Nigerians are well-read people and that can be seen from the level of interest they show in purchasing books. A full container load of used books can be sold within weeks, especially in schools and office areas, and the profit margin is highly attractive. One great thing about used books importation is that they are sourced in countries like UK and USA for almost next to nothing.
14. Investing in Internet Companies
internet_keyboard
With the emergence of the internet, starting an internet business in Nigeria is now possible for anybody. That is one good reason why you should start an online business based on your knowledge, passion and need to be successful. 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 a creative online tech startup with good ideas and invest into. Within 1 to 2 years you will be counting your profits in millions.
15. Transport Business
transport
If you have been looking forward to creating additional streams of income to make your dream come true, then your search ends here. Transport business in Nigeria is one of the surest successful businesses to engage in.
Nigeria has the largest road network in West Africa and the second largest south of the Sahara, with roughly 108,000 km of surfaced roads. Nigerians travel a lot from one state to the other, and as such road transportation is a good business, and more people should consider owing transport companies.
16. Hotel Business
Hotel
This is probably the coolest money-making opportunity in Nigeria with guaranteed success. Invest in a small-scale hotel of just 10 suites and watch your money flow in duplicates. This has nothing to do with the tourism boom of any kind; it is simply connected to the fact that Nigerians are jolly people who love luxury and comfort. Also, expatriates in Nigerian prefer to live in hotels than an actual house, so you see, there can never be enough hotels in a city.
18. Importation of Tokunbo Cars/Spare Parts
used-cars
Every Nigerian wants to own a car, but not all of them can afford brand new cars. If you are very buoyant and don’t know what business to go into, this will be a good one for you. There is a huge market for used cars in Nigeria, you can start from one car, then two, in less than a year, you will have a fleet of cars in your garage waiting for its new owners to come pick them. This business entails a lot of risks though, but it is a sure business you can succeed in.
19. Investing in Property
EstateBQ
Being a landlord in Nigeria is a serious business because properties appreciate every day. Right now, Nigeria is one the countries in Africa where landed properties are most expensive. If you buy a plot of land now anywhere in the country, you are sure to make 100% profit within two years. You can buy, resell immediately, and make a profit, or buy and sell later. You can also become an estate manager and get a percentage for every house rented out.
20. Cassava Production
Cassava Farm
Normally, a lot of Nigerians will not want to embark on this business because of its nature and the stress involved. But in recent years, people are beginning to turn their attention to this aspect of farming in Nigeria that has been neglected for a while. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in fertile areas like Ondo and Rivers State, your harvest will be great, and your profit will sure flow in.
Having gone through these businesses, don’t let this knowledge go to waste. Analyze each business idea carefully; the risk, cost and of course, profit margin. You never can tell which of them might make you the successful businessman you have always wanted to be.
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