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
PARTY BUSINESS IDEAS IN NIGERIA
Party Planner
Party planning is one the most lucrative business ideas that anyone can easily start in Nigeria with very little financial capital.
It more than getting a DJ, entertainers, caterers, and dancers for events. This business is built on patience, diplomacy, multitasking, salesmanship, organizational abilities, and a passion for seeing your clients fulfilled.
The business involves but not limited to, planning bachelor/bachelorette parties, concerts, conferences, seminars, weddings, anniversaries, book launches, etc.
It doesn’t require any special education to start. It is usually a business born out of passion, and through experience and exposure, you will well be equipped to climb up the ladder.
What you need to start this business idea
Passion: It should be a business you’re passionate about. By going to events and volunteering to help, might help you improve your skills.
Create a business plan: Write out and plan everything that the business will need to kick off. A business plan should answer every critical question relating to the business.
Party planning is a broad business, so you can decide to tailor it to a particular niche.
State your charges and responsibilities for every event.
Decide the cost: Although it’s not advisable to have fixed prices due to the ever-changing cost of things, but try to have stipulated cost for every event.
Consider the fact that every event/client is different from the other when charging. Big outdoor events are more tasking and expensive than in-house parties.
Lawyer up: Employ the services of a lawyer to draft contracts that will cover you from any liability that might arise in the course of the business.
Business registration: Get your business licensed by the CAC – The Nigerian Corporate Affairs Commission, and try to have some insurance coverage for the business.
Marketing: Be strategic about how you’ll market your services online and offline. Don’t only rely on referrals from your clients, work towards getting new clients. Read up on customer Acquisition here.
Put up your best jobs online for people to be aware of your services. You have to be conversant with social media platforms like Instagram, Twitter, and Facebook.
But while at it, make sure you’re covering grounds offline. Create brochures, business cards, and tell friends, family, and colleagues about it. Do not fall to the If I Build It They Will come, Trap! The path you choose to go is yours to take. But listen to me, you cannot make sales unless you attract the right type of customers.
Create portfolios for your successes: Properly document all the parties you’ve planned and executed successfully.
Create a team: The importance of having a good team you can rely on to successfully execute any event can’t be overemphasized. Have a good business relationship with DJs, caterers, MCs, entertainers, photographers, decorators, rental service companies, etc.
How to keep this business idea successful
Success is guaranteed when you embrace each phase of the journey by giving every job your best. As a starter, you will quickly build your reputation by taking up jobs you can handle correctly.
Another way to build the credibility of your brand is by being truthful in your dealings because no one will like to recommend a party planner that reaped him/her off.
Financial capital needed
It needs little or no capital to start up. The clients provide the funds required for planning.
| ITEM | COST (NGN:K) |
|---|---|
| One-page website | 15,000.00 |
| Business cards | 10,000.00 |
| Sponsored social media promotions | 10,000.00 |
| Brochures | 5,000.00 |
Other essential tips
Don’t claim someone else’s work because many party planners are doing it.
Market your business aggressively if you don’t want to be overshadowed by competitors.
Lastly, party planners are outgoing and creative people. Work towards being one if you’re an indoor person.
Practicable minimum startup cost = N30,000 – Thirty Naira
Wedding Marketplace
As the name implies, the wedding marketplace is a place intending brides and grooms can hire or buy their wedding items.
Planning a wedding in Nigeria is quite a cumbersome task; that’s why there are people who specialize in making weddings less stressful – The party planners.
A wedding marketplace could be online or offline, but we’ll be focusing on the online wedding marketplace. An online wedding marketplace is cheaper and easier to own. All you need to do is have a well-designed website where buyers, sellers, and renters can meet.
What you need to start this business idea
Salesmanship: You need to have the skills of an excellent salesman to run an online wedding marketplace successfully. Your ability to bring buyers and sellers together should be top-notch.
An eye for quality: Having an eye for quality wedding materials will help in spreading your fame.
It’s the joy of every intending bride/groom to have his/her desires qualitatively met.
In Nigeria, weddings are a big deal, and you won’t want your clients to think that you lack quality wedding materials because of a poorly developed website.
Patience: As long as weddings are concerned, patience should be your watchword. Intending couples are some times indecisive. Even after you’ve shown them the best of items and given them the best advice, they will still be skeptical about their choices. That is where patience comes into play.
A well-detailed business plan: Plan this business to the very last detail. Answer every question/doubts that may arise. Decide on the prices of every item you intend to rent out or sell. Charge for the extra services you offer. If you need an expert at writing business plans, then get in touch using the contact us page.
Build a professional network: Since you’re just like the middleman between the buyers and the sellers, it is necessary to have the best sellers in your professional network. You have to know the quality of every item you’re putting up on your platform.
If it means going to the physical shops of your sellers to see their wares first hand, by all means, do it. Your success depends on the quality of the items you sell on your marketplace.
Lawyer up: Get a lawyer involved and get insurance if you can. ExpertsNG has some of the best SME friendly lawyers that the country boasts of, link up with them here.
Have a return policy: Let the buyers and sellers know what the return policy is.
Marketing: Since the business is online, you need a web developer to create a user-friendly website for you. Use social media platforms like Instagram, Facebook, and Twitter to your advantage.
Tell family, friends, and colleagues about your business. Go to events and create a strategy to convert marriageable singles into clients.
How to keep this business idea successful
There are lots of online wedding marketplaces, but very few are succeeding in Nigeria.
This business can be successful if you have a good taste for quality and the zeal to see intending couples fulfilled when they visit your site.
Aside from the quality of service, nothing sells this type of business like customer relations, so relate well with your customers to understand their needs.
Financial capital needed
It doesn’t take much capital to start. You certainly need to have a laptop, a website with a payment gateway, carry out social media marketing campaigns, and create business cards, etc.
Starting Cost Outlay
| Item | Cost |
|---|---|
| Laptop | N150,000 |
| Website with payment gateway | N150,000 |
| Social media promotions | N10,000 |
| Business cards | N5,000 |
Other essential tips
Get a website designer to build you a beautifully designed modern website with easy navigation, user friendly, and other features fit for a wedding marketplace.
Practicable minimum startup cost = N250,000
Party cleanup services
Everyone loves to party, but very few are willing to clean up when the party is over. Such a reality is why an after-party cleanup business will thrive if you have the passion and the will to get your hands in soapy waters for money.
You may start gradually by asking friends, family, and colleagues to pay you an affordable fee to clean up and sort utensils, bottles, and other items for them after parties. It may not sound so Nigerian, but many people who clean up after their party wish they had a professional they could pay to do help with the dirty chores.
Small in-house parties are an excellent way to start until you have built momentum to take up more significant projects.
What you need to get started
Determination: The early days of this type of business may not boom like the other businesses you may know, and so, you need to determinedly keep doing what’ it takes to grow the business.
Note: If cleaning isn’t your thing, then the party cleanup services business isn’t for you.
Trustworthiness: People are careful about the people they let into their homes. You need to find ways to radiate integrity and reliability for this business to scale.
A good reputation is the silver bullet in this type of business. Your customers should find you dependable, always.
Team: When picking your team of cleaners, make sure they’re people of integrity if you do not want the gavel of judgment to come down heavily on you.
Banking on your integrity alone isn’t enough because any team you take to a job represents your business.
Your team members should, therefore, appear professional and equipped to improve on your brand’s equity – representing all that you project to make your clients feel safe.
Time management: You should, and must project to be very efficient – your party cleanup service should be able to manage time as your profitability mostly is often tied to your time-management ability. If you have three jobs in a day, you shouldn’t spend the entire day on one job post.
Customer relations: How well you relate with your customers determines how far the business will go. People will need recommendations from people they know before hiring a party cleanup service.
Those online recommendations might look fake to people, but what your customers say about your brand is what it is.
Insurance: You need to have some indemnity cover on your business to help cover liabilities that might occur in the course of executing your trade.
Cleaning products: The products you need to clean up a place can be from you or the client. Some clients are allergic to some cleaning products, which means you have to ask them.
Here are some products you should have:
- Brooms
- Mops
- Window cleaner
- Brushes and dustpans
- Latex gloves
- Toilet brush
- Toilet cleaner
- High duster
- Vacuum cleaner
- Extension cord
- Disinfectants
- Feather duster
- White rags
- Paper towel
- Waste bags
Suggested Reading: 14 Steps to Start and grow a profitable business in Nigeria
Register the business: People trust a registered company, especially when it involves going into their private space.
Marketing: Offline and online marketing strategies should be employed. Paid social media promotions are a great idea, but don’t forget that telling people your services offline pays too.
How to keep this business idea successful
Keeping a business like this successful has a lot to do with consistency and persistence. The more you offer exceptional service to your clients, the better your portfolio.
Finally, have a good team working with you.
Financial capital needed
Aside from the vacuum cleaner, every other cleaning product is quite affordable in the market.
Starting Cost Outlay
| Item | Cost |
|---|---|
| Vacuum cleaner | N59,000 |
| Brooms, mops, brushes | N5,000 |
| Latex gloves, toilet brush, nose masks | N5,000 |
| High duster, extension cord | N3,000 |
| Disinfectants, feather dusters, dustpans toilet cleaner | N5,000 |
| Paper towel, white rags | N2,000 |
| One-page website | N15,000 |
| Social media promotions | N10,000 |
| Business name registration | N15,000 |
Other essential tips
You have to partner with event management companies, wedding planners, etc. to set the ball rolling.
Practicable minimum startup cost for a After Party Cleanup Service = N115,000
Gift Basket Services
Many people find it hard to put the right gift items together for their parties, with many not knowing where to get the right gift items.
Gift basket service is an art some people do for fun without the expectation of being paid. Some people gifted with the creativity of putting together gifts items, especially ladies, would do this for their friends as favors.
As an entrepreneur, what I see in most scenarios are business opportunities. Looking for business opportunities wherever I find myself has become second nature. I expect that you’d also develop yourself to that point.
Train your business mind to figure out how best to turn that fun activity into a money-making venture.
As simple as gifting items sounds, not everyone is good at it, and not everyone has the time to do so.
If you’re a creative genius in crafting, packaging, and delivering gift items, consider this business idea. The gift basket idea is one that full-time housewives/homemakers would be able to do with much ease.
What you need to start this business idea
Creativity: Anyone can go to the gift store and pick gift items; indeed, not everyone can be creative about it. People are willing to pay for your creative ability to make the gift unique and valuable to the recipients.
You have to think outside the box to show your uniqueness.
Do note, however, that creativity increases with practice and on-the-job experience over time.
Craftiness: Craftiness is what most gift basket service in Nigeria lack. You mustn’t buy everything needed to deliver a gift basket to a client.
Some times, the client’s request will demand you to be crafty to create one of the items yourself. It’s an edge you’ll have over your competitors.
The art of presentation: There’s no doubt that an expensive and creatively packaged gift basket can mean less when poorly presented; Presentation says so much in this business. Gift baskets for different occasions have beautiful ways you can present them.
Enthusiasm: Make sure you’re very enthusiastic about putting smiles on the faces’ of the gift baskets recipients. Remember, it takes a cheerful countenance to makes someone’s occasion special.
Register the business: Companies like to patronize registered businesses. Registering your business makes it a legal entity.
Marketing: Your marketing is majorly through the fantastic jobs you’ve delivered. Your clients’ satisfaction is your gateway to more prominent gigs.
Maximize social media platforms to enhance your online presence.
How to keep this business idea successful
Keeping your gift basket service business is achievable through exceptional customer service delivery. Don’t post a gift basket online and deliver something else offline. People are wary of online gift basket services because of this particular reason.
Integrity plays a crucial role in this business’s success. Improve your craft by watching DIY YouTube videos. And ensure to always deliver more than expected of your clients.
Financial capital needed
It takes almost nothing to start since the clients will be paying for the gift baskets. As you grow, you can add a website and pay for your social media campaigns.
Starting Cost Outlay
| ITEM | COST |
|---|---|
| Social media promotions | N10,000 |
| Website | N35,000 |
| Business registration and reservation of business name | N15,000 |
| Business cards | N5,000 |
Other essential tips
You should partner with event planners, flower shops, etc.
Practicable minimum startup cost = N45,000
PAMPER PARTY BUSINESS IDEAS
Also known as a pampering party, a pamper party is a party where people get their body massaged and enjoy beauty treatments while relaxing with family, friends, or colleagues.
You might consider this business idea if you have magical hands and a good knowledge of beauty treatments. Better still, if you could partner with someone that does.
You don’t need to have an office space since you’d be meeting your clients in their houses or hotels.
Events such as bachelorette nights, baby showers, birthdays, and engagement parties are days when some ladies would love a good massage and beauty treatment.
What you need to get started
Massage skills: As a masseuse/masseur, you need to have excellent massage skills. There are many beauty spas you can train to improve your skills.
When it comes to the human body, people want to feel safe with whoever is handling their body.
Certification: You may not need this to massage friends and family, but some clients may want to be sure that you know what onions mostly with some certifications. As you start, have it in mind that you need to be certified to scale.
Products: For a start, you need a massage table, reclining chair, beauty treatment products, and pedicure and manicure stations. There are other equipments used for a pamper party service, but you’ll have to get them with time.
Businesses registration: Get the business registered to boost your credibility and make your clients feel safer with you.
Customer relations: Friendliness and gentility are essential when dealing with your customers. Give your best to every client you get to pamper and watch your ratings increase.
Marketing: You’re to promote your service both online and offline. Do your best to leverage Offline marketing as much as possible and engage more of mouth-to-mouth marketing as it will resonate more with your offline contacts. Tell your family, friends, and colleagues that you are a masseuse/masseur.
Leverage online platforms like Facebook, Instagram, and Twitter to build your online clientele. Just ensure targeting your marketing efforts in ways that aim to get prospective clients from your geographic location.
How to keep this business idea successful
When people hear the word “Pamper party,” they tend to think it’s for the rich. And this is an impression you should change through your marketing strategy.
Promote your services in such a way that almost anyone can patronize your services. Create different packages and offer a discount when the clients based increases.
Try your best to use the right beauty treatment products. Ladies do not joke with their bodies, so avoid any product that can devalue your services.
Sell your services wherever you find yourself by talking about the solutions your products and skills will bring to people.
Financial capital needed
For a beginner, you don’t need to own all the equipment, but if you are to be effective, there are necessary products you ought to have. If you’re not financially buoyant enough to get new equipment, you can go for fairly used.
| Item | Cost |
|---|---|
| Massage table, towels, robes | N135,000 |
| Fairly used massage table | N80,000 |
| Portable pedicure and manicure massage | N40,000 |
| Beauty products | N12,000 |
| Business cards | N10,000 |
| Social media promotions | N10,000 |
| Business registration and name retention | N15,000 |
Other essential tips
Partner with hair salons and local hotels around you. Practicable minimum startup cost = N150,000
Renting Out Party Supplies
Renting out party supplies is a very lucrative business that requires little or no training. All you need is to have the necessary supplies people need for their parties.
The party supplies rental business idea entails owning party supplies and renting them out to event planners or end-user customers.
It is capital intensive, but you can decide to start small with what you have. After all, some big rental companies don’t have all the supplies.
It will also require you to partner with those that have some supplies you don’t have. It will reduce your profit, but that’s the best option if you want to start small and grow. The reality is that you may never start if you wait to have all the supplies before starting. Some prominent people in the business began with small party supplies until they were able to own their supplies. It would help if you had enough patience to see it through.
What you need to start this business idea
First of all, you have to be able to identify quality party supplies. It’s expedient that you know what is in vogue; use them. Commit to working consciously towards the growth of the business because rental service takes time to pick up in sales.
Good knowledge of record-keeping is required to avoid losing your supplies. Take proper stock of all your supplies and make sure they are returned in good form.
Register the business to give it a legal identity.
Share the business idea with friends, family, colleagues, etc.
Display your wares online through social media platforms.
How to keep this business idea successful
You can be successful as a party supplies rental service owner when you treat your business as an essential service and run it as you run any other business.
Friends and family will like to use your supplies for free, don’t let them. Unless you make a profit and maintain healthy cash flow, your business would collapse.
Take collateral for every supply you rent out and adequately keep records.
Deduct the amount of any damaged supply from the collateral paid. You might also make your customers pay for the lateness in returning your supplies.
Financial capital needed
As stated earlier, it’s capital intensive, but you can always start from somewhere.
| Item | Cost |
|---|---|
| Pots, plates, spoons, pans, glass cups | N50,000 |
| Industrial gas cooker and gas cylinder | N100,000 |
| Firewood stands | N40,000 |
| Tables, chairs, table clothes | N150,000 |
| Canopies | N150,000 |
| Trays, cutlery, turning sticks | N100,000 |
| Water drums | N20,000 |
| Basins, bowls | N10,000 |
| Business registration and name retention | N15,000 |
| Printing on the items | N10,000 |
| Business cards | N10,000 |
Practicable minimum startup cost for Renting Out Party Supplies = N650,000
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.
What’s Happening i’m new to this, I stumbled upon this I’ve discovered It positively useful and it has helped
me out loads. I’m hoping to give a contribution & assist other users like its helped
me. Great job.
I like what you guys tend to be up too. Such clever work and coverage!
Keep up the terrific works guys I’ve included you guys to
blogroll.
I’m extremely impressed with your writing skills as well as with the layout on your weblog.
Is this a paid theme or did you customize it yourself?
Anyway keep up the nice quality writing, it’s rare to see
a great blog like this one nowadays.
Thanks for sharing your thoughts. I truly appreciate your efforts and I am waiting for your further post thank you once again.
I’m extremely impressed with your writing skills and also with the layout on your
blog. Is this a paid theme or did you customize it yourself?
Either way keep up the nice quality writing, it’s rare to see a nice blog like
this one today.
Have you ever thought about including a little
bit more than just your articles? I mean, what you say is valuable
and all. But think of if you added some great visuals or videos to give
your posts more, “pop”! Your content is excellent but with
pics and video clips, this blog could definitely be one of the best in its field.
Amazing blog!
Wonderful site you have here but I was wondering if you knew of any user discussion forums
that cover the same topics discussed here? I’d really love to be a part of community where I can get feed-back from other knowledgeable people that share the same interest.
If you have any suggestions, please let me know. Thanks a lot!
It’s an amazing piece of writing in support of all the web people; they
will obtain benefit from it I am sure.
Its like you read my mind! You seem to know a lot approximately this,
like you wrote the e-book in it or something. I believe that you just could do with a
few percent to pressure the message house a bit, however other than that, that is fantastic
blog. A fantastic read. I’ll definitely be back.
I simply couldn’t leave your website before suggesting
that I actually loved the standard info a person supply to your visitors?
Is gonna be back often in order to check out new posts
Thanks for another informative blog. Where else may just I am getting
that kind of information written in such an ideal approach?
I have a mission that I am just now operating on, and I have been on the
look out for such information.
Hi would you mind stating which blog platform you’re working
with? I’m going to start my own blog soon but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal.
The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique.
P.S Sorry for getting off-topic but I had to ask!
Viking is a brand of top-of-the-line appliances that live up to their reputation in the Viking Refrigerator Repair Chicago, who focus on providing quality service and support for Viking appliances.
Our goal is to provide you with the best possible refrigerator repair and maintenance service at the lowest possible price
Higher Positions is a premier SEO company in Maryland City, and a Google Partner and SEO-Certified, with over 10 years of search engine marketing experience.