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
Cleaning Services
Laundry/Dry Cleaning
Fast-paced life in the cities has made laundry and dry cleaning business a prosperous one. Little wonder that it claims its spot on this list of the leading fastest growing businesses in Nigeria. People are so busy that they would instead outsource their laundry than to do it themselves.
Even the less active people hate to do their laundry themselves.
If you’re passionate about laundry and dry cleaning, this might be the business for you.
How to Start Laundry/Dry Cleaning Business
The first thing needed to start laundry and dry cleaning business is to be passionate about cleaning to come extent. Usually, laundry is a hated chore, so if you want to build a business empire out of it, you must be passionate about it.
It is also vital you understand the difference between laundry and dry cleaning. Laundry is washing clothes and other materials with soap and water, while dry cleaning is more technical. Dry cleaning involves cleaning without water; mostly with chemicals such as Perchloroethylene, Glycol Ethers, etc.
The above-mentioned difference between the two will require you learning the techniques. The best way to learn is by going to a physical laundry/dry cleaning shop for a few months. It might sound tasking, but there are tricks those professionals dry cleaners know that you might not know.
You can leverage some YouTube videos to learn the techniques needed to run a dry cleaning business successfully.
How to Keep the Business Successful
The best way to successfully run this business is by learning the ropes and going professional. Just because it’s fast-growing doesn’t mean you should jump into it without equipping yourself with the needed skills and knowledge.
Tell people about your business and the value you’re giving to them. You must be ready to bring something new to the table. You should be able to answer prospective customers’ questions on why they should use your services.
People are entirely mindful of their clothes. They may not like doing the laundry themselves, but they’re concerned about who’s doing their laundry.
Use social media to your advantage. You mustn’t have a fat bank account to push your business on social media platforms. You can start with Facebook, where you have friends, relatives, former colleagues and former schoolmates. You can run Facebook promotions on your business page with 1,500 Naira.
You can later extend to Instagram and Twitter. If you can’t create time to manage your business pages yourself, some influencers can help you out for a token.
You can register the business name with the CAC for only 5,000 Naira. People trust registered businesses more than unregistered ones.
Do all that’s needed to put your business out there.
Financial Capital Needed To Start Laundry/Dry Cleaning Business
How you start depends on your capital. The beautiful thing about this business is that you can start from your house with some essential items needed for laundry/dry cleaning. If you intend getting a shop, it will cost you more depending on your location.
Here are some things you’d be needing to start a laundry/dry cleaning business:
| Item Needed | Cost Price |
|---|---|
| Washing machine | 50,000 |
| Dryer | 98,000 |
| Iron board | 30,000 |
| Electronic iron | 6,000 |
| Hangers | 15,000 |
| Pegs | 3,000 |
| Buckets | 2,000 |
| Basins | 3,000 |
| Laundry soaps and detergent | 3,000 |
| Brushes | 4,000 |
| Garment conveyor | 25,000 |
| Bleach | 1,000 |
| Power generator | 85,000 |
| Banner | 10,000 |
| Stickers | 5,000 |
| Business name registration | 5,000 |
| Social media promotions | 5,000 |
Other essential tips to effectively run a laundry/dry cleaning business:
If you have a car, you can add “Pick and deliver” to laundry business. Customers prefer a laundry service coming to pick up their clothes and return them.
It’s a competitive advantage if you have a car and employ other hands.
Find out what your competitors are charging and know how to fix your prices.
CAR WASH
The increase in the number of busy car owners is making car wash business more profitable. Many car owners would prefer to take their vehicles to the car wash for thorough washing instead of washing their cars themselves.
This article writes on all the key essentials that you must consider before you start your car wash business – one of the leading fastest growing businesses in Nigeria.
The most exciting thing about the car wash business is that you can start at any scale, even small.
You don’t necessarily need to have big washing equipment to kick it off. With little capital, determination and hard work, you can scale that business into something big.
How to Start A Car Wash Business
Learn about the business before jumping into it. Many startups fail not because they weren’t profitable, but because the owners didn’t take time to learn about the business.
Startup-Business-Plan-TemplateDownload
There are tricks in every business you’ll have to learn in order to excel.
Choosing the right location for the car wash is of utmost importance.
A majority of car washes are situated close to the roads. It would help if you situated your business close to your customers. Seek an open space close to a significant or busy highway.
Get the right equipment. As a starter, you mustn’t have ample equipment, but there is some essential equipment to have. We’ll be looking at some of the equipment in the starting cost outlay.
How to Keep A Car Wash Business Idea Successful
First of all, you need to have the foresight to be able to keep it thriving. Have a well-thought growth map you’re working with.
I’ve also noticed that having a sitting area where your customers (A lounge or something similar where car owners) can sit and chill while you wash their cars will increase your customer base—adding something like a lounge or a minibar to the car wash will improve patronage.
The location alone won’t draw customers. You have to market the business every chance you get, aggressively. Tell friends, family, colleagues, neighbours, cliques, and every car owner you meet about the services you offer.
Collaborating with auto repair shops, barbershops, salons, and other businesses around will help boost your clientele.
Employing experienced car washers is very important. It would help if you had a team of professionals with integrity around your business.
If the cars are thoroughly cleaned, your customers are more likely to come back.
Financial Capital Needed For A Car Wash Business
How much you need to start depends on how big or small a car wash business you’re creating. You can start with small machines in a not so ample space.
| Item | Cost |
|---|---|
| Business name registration | 5,000 |
| Rented space | 250,000 |
| Social media promotions | 5,000 |
| Car wash machine | 100,000 |
| Water (Borehole) | 400,000 |
| Water tanks | 45,000 |
| Water Hose | 10,000 |
| Power generator | 100,000 |
| Brushes, Buckets, towels | 7,000 |
| Robber boots and gloves | 6,400 |
| Soaps and detergent | 2000 |
| Blowers/dryers | 350,000 |
| Vacuums | 40,000 |
| Perches | 30,000 |
| Prep guns/pressure water | 100,000 |
Other Essential Tips To Aid The Car wash Business
Strategically partner with barbershops, salons, eateries, spare parts dealers to increase your customers. Use social media to create online awareness for your business.
You may also wish to start a membership subscription plan.
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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