a lot of businesses ideas and business opportunities abound worldwide, especially in Africa, especially Nigeria.
When starting a business, it is important to look for business ideas that have the possibilities to make your startup successful; you would do well to seek business ideas in industries with high growth potentials and profitability. One that your team and strength as a startup can effectively execute.
Are you looking for new ways of earning money? Check out a list of 100 business ideas, especially in Nigeria. While this list was created with Nigeria in focus, the business ideas are in no way limited to Nigeria.
It is a list of Untapped Business Ideas and small scale business ideas in Nigeria to start with 5k 10k 20k 30k 40k in Nigeria. Overall, please note that it is no child’s play starting a business in Nigeria.
Your first step to starting a business is to register your business, in Nigeria, you would need to register with the CAC. Kindly take your time to at least learn how to register a business name in nigeria; lets jointly make corporate governance a business culture in Nigeria.
Here is Our List of Highly Lucrative Business Ideas for Startups
Contents
ONLINE BUSINESS IDEAS IN NIGERIA
The proliferation and advancements in technology have given rise to the possibility of entering new markets, developing new products, etc.
Most significantly, it has enabled entrepreneurs to create businesses that are wholly operated virtually; mainly in the digital environment. A major result of this is decreased overheads from physical space and in some cases personnel cost.
Businesses can now be run on the move, without boundaries, and in some cases, secretly.
This is a list of some businesses any focused entrepreneur can pick up and make money from, online:
1. Build a Niche Blog (or Website) and Use Affiliate Marketing
Blogging can be quite fun. Especially if you love to write, making money doing what you love can be very fulfilling. Earlier in June this year, I woke up and asked myself what I could do with the spare time I had and somehow make money from it now, and into the future. So blogging came to mind.
Read my piece on blogging here and how best to make money blogging.
How to start this business idea
Let me make this process as simple as possible:
2 hours implementation time
Select the Right Blogging Platform
Having the right blogging platform can mean the difference between a successful blog and a failed one. I mostly use WordPress for its ease of use and support base, but I have also made use of almost all the available platforms. Overall, I highly recommend WordPress. The attached chart says it all. 
Decide on a niche
One of the reasons we go into blogging is to share our knowledge of a specific field or topic we are familiar with, but it would not make sense to blog in a field that is absolutely dominated by authority sites, their expertise, authority, and trustworthiness would simply drown a newcomer.
So it is necessary to spend some time thinking about the niche you would love to blog on. Ensure that you narrow down on the niche as possible.
It is better to blog on BMW cars than it is to blog on cars generally.
Setup your domain name and get a hosting service
Picking up domain names these days is similar to being on a gold mine – the best domain names have all been taken. There have been instances when big corporations have had to buy domain names relevant to their purpose for several thousands of dollars.
That notwithstanding, if you are creative enough, there is always room for more domain names out there.
How to keep this business ideas in Nigeria successful
In the blogging world, content is king. Ensure that you dish out high-quality content frequently, preferably on a schedule. A major key to being successful as a blogger is your ability to figure out what content to write about, and when to write it.
Keep engaged follower-ship and in time everything would fall to their rightful places.
Financial Capital Needed
Little or no capital. Your capital outlay is a function of how vast you want your recipe to be. You could focus on a single recipe and make it so good in such a way that even a blind man would find it easy to replicate.
Starting Cost Outlay: Tools and supplies needed
| ITEM | AMOUNT (Naira) |
| Starting ingredients | 10,000 |
| Media platform | 30,000 |
| Marketing and Sale – Advertisement | 36,000 |
| Website | 15,000 |
Other essentials items:
Your ability to think out of the box would make the difference between your success or lack of it. Did you know that you could sell your recipes to established restaurants?
Practicable minimum startup cost = N40,000
Read a more detailed post on Affiliate Marketing here
Nice list, so many options to choose from.
Thanks, Newton, we will keep working on it to make it as extensive as possible.
I really do love this piece. Truly detailed. Your comprehensive list of “small business ideas in Nigeria” speaks a lot especially, it reflect a need to be hard working like u.
Some ideas for startups are developing a new app, selling a product, renting out rooms in your home for short-term housing, driving for Uber on the side, packaging your expertise into ebook and course for sale, or selling products online.
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