Small Business Ideas For Nigerian Entrepreneurs
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Nigeria is regarded as the giant of Africa for many reasons, chief among these reasons is the fact that Nigeria is a land of opportunities; with a lot of natural and human resources, a lot of businesses abound in Nigeria.

You may, like so many others who read this, be in search of small businesses to invest in. I would ask that you also read my post on How To Start A Business In Nigeria. The article will help you make the right decisions on company registrations, etc.

Due to my small business consulting background and training, I’ve had a lot of people ask me questions related to Small Business in Nigeria. Some of such business-related questions are –

And many of such questions keep getting to me through emails, phone calls to my consulting agency, at seminars, etc. I have, therefore, in response to these questions, created this article with these business ideas with the hope that it would give answers to at least one of your many questions.

It was designed to take the form of a mini business plan, and in categories.

Recommended Article: Solved: Top 6 Challenges of Small Business Owners Today

It is a list of the best businesses to start with little money

FOOD BUSINESS

Catering Services

Catering is one business idea hinged more on the passion than the skills of the entrepreneur.

How to start this business idea

The best way to start this small business is by leveraging social media to create the needed visibility and customer awareness. Focus more on smaller parties, groups, and home gatherings. Register a business name, cook some nice meals, and showcase them using Facebook and Instagram in particular.

You really do not need to have all the categories of cookware, you could hire per need basis. Ensure that you have enough kitchen space (It could also be your backyard) to prepare food and use paid carriers, or Uber /Bolt services to transport your stuff to the client’s preferred venue.

Find, and come to some arrangements with other service companies in the hospitality industry, especially the party planners, wedding planners, Masters of ceremony, etc.

How to keep this business idea successful

Start small. Ensure to create a brand and be known for something in particular. Think out of the box and be different. When your more staff, you could start doing larger parties and functions. Go above and beyond by offering to clean-up after the party for great customer service.

If you must, partner with complementary services in this service section, like the decorators, events planners, etc. Such partnerships would definitely yield mutual gain.

Financial Capital Needed

Little or no capital. Your customers most time pays for the service ahead, just ensure to get above 50% of your charges, usually, you’d be paid about 100%, and that should be enough to take care of your expenses including your hired hands such as cooks, and dishwashers (If you must).

Starting Cost Outlay:

ITEMAMOUNT
Burners, chaffing dishes N150,000
Stoves, Gas cylinders, etcN50,000
Pots, Serving Plates, spoons, etcN45,000 – N300,000
Food Trolley N60,000
One-page websiteN15,000
Food labels N2, 000
Menu cards N5,000
Complimentary cards N10,000

Other essential Tips:

You need to partner with a service provider to give you well-trained ushers, server, even photographers to make your service stand out. Practicable minimum startup cost = N157,000

However, you could choose to rent the chaffing dishes, stoves, etc and start as low as N60,000

Food Delivery Services

My personal effort at cooking – I could start a food delivery business if I have to.

Most people love good food, but only a few know how to make very tasty meals. If you’re good at cooking food, you may wish to consider cooking it in bulk. There are a lot of 9 to 5 workers that would gladly have your meal at their launch time or some that may even ask for enough quantity to last them for a while.

How to start this business idea

You could offer your services to working professionals, especially those in the corporate setups. All that is needed is to attract the right customers. Leverage social media, especially Facebook, and Instagram to attract your customers. Make some good looking home-made meals, take very good photos of the meal.

Try to dish your food to look very appealing, serve it in a white plate if you have one, and then set the dish in such a way that you could take photos using your phone’s camera at the least. Ensure that you have some rays of sunlight to make the photos pop.

How to keep this business idea successful

Get yourself a website if you can, it should not cost you much to establish a good website to showcase your food and also collect and process orders. Once you’re established, offer your customers a menu they can order from.

Consider picking a niche, position yourself to serve a market, either as the healthy meal sector or the local delicacy sector. Be different, ensure to give the best quality ever at as affordable as a rate you could offer. People love quality at a reasonable cost, and would readily refer other customers to you. Serve a range of meals; keep it interesting for them and you.

Financial Capital Needed

You could actually start this business without cooking any sample of yours. Go to the Internet or find means of getting nice-looking photos of food in the sector you want to serve. Be persistent, put a photo at least 3 times a week.

Your capital need should be concentrated at creating a very appealing customer experience. Invest in a website, a payment gateway, and partner with a delivery company to deliver your products.

This is one business that can start with less than N20,000 ($80)

Ensure that your customers know that the cost of delivery is passed to them, and clearly state that on all your media channel including your menu. Start small; use the money paid by your customers. You’d, however, need to buy disposable plates and cutlery to get you started.

Starting Cost Outlay:

  1. Disposable plates, spoons, and bowls = N10,000
  2. Facebook advertisement = N8,000

Other essential tips:

You could find and take permission from other entrepreneurs in the food business to enable you use their photographs to start your campaign. Just ensure that you know how to cook. So no excuse here that you do not have the money to start.

Practicable minimum startup cost = N10,000

Examples of brands in this sector are:

Dundun Nation

Restaurant On Wheels

food on wheels
Image Source: https://foodienaija.com.ng

Do you want to open a restaurant without paying rent and having to buy tons of kitchen equipment? With a decent set of wheels and a small-scale food preparation station, you could launch a food truck business.

How to start this business idea

Starting a food truck business means you would have the availability of some funding source to offset your start-up costs. Owning a food truck is not cheap. The business is very lucrative and the entry barriers could be a bit high.

Decide on specific food especially those in the fast-food sector. Ensure to have mastered your recipes, and the act of clean-cooking (washing the dishes as you cook).

Get the right local permits and position your food truck to take advantage of the movement of your target market. Go for the working class, look for areas near Bus-stops.

How to keep this business idea successful

Focusing on a particular food niche can help your food truck business stand out from any competition and aid in your branding strategy. Master competitive pricing; it would help lower your risk of failure.

Ensure to always get fresh food items and be proactive with your service.

Financial Capital Needed

This is a high-capital business. The entry barrier is relatively high, but the return on investment is steady and high enough to make you break even within few months. You would need a functional truck to enable you pack and change locations as market demands.

If you are a good cook, you would not need to hire any staff.

Starting Cost Outlay:

ITEMAMOUNT
Food TruckN2,000,000 – N5,000,000
CookwaresN150,000 – N300,000
AdvertisementsN50,000
Startup Food itemsN50,000
Sit out Kit (Optional)N85,000
Permit (Depends on Location)N150,000 on the average

Other essential tips:

Running a food truck involves extremely long hours, no matter how good you or your staff is. The success of your food truck business is directly dependent on the amount of time and effort you put into running it.

You must understand the 4Ps of Marketing. There is no better place to put them to work than this business. Your social media strategy must be top-notch.

Fish Grill

Fish Grill

Most people, if not everyone finds it difficult to resist a well-grilled fish. Fish grills are commonplace, especially in Nigeria. In Abuja, owners of fish grills make as much as One million Naira (N1,000,000) as turnover, daily.

You could actually make yours a mobile grill and leverage people’s movement to and fro work.

How to start this business idea

The best way to start this is by leveraging social gardens and parks. You could, in fact, make yours different from the pack by going online – YES, AN ONLINE GRILL DELIVERY SERVICE.

You really do not need a lot of items to get started with a fish grill, and yes, you can also expand to meat, snails, etc.

How to keep this business idea successful

Start with a clear definition of your target market. Having a clear understanding of your market would help you in deciding what strategy to use in entering the market.

Your options are vast – You could go purely online, mixed, and even partner with owners of other social gathering outlets.

Financial Capital Needed

Little or no capital. I love the idea of a mobile grill, and that seems to be the highest on my scale in terms of barriers to entry, so I chose to reference that.

Starting Cost Outlay:

ITEMAMOUNT
Grill (several Options available)N10,000 – N85,000
Space Rental… You could pay this monthlyN15,000 – N50,000
Take-off stockN100,000
Advertisements (Very important)N50,000
Website with payment Gateway N150,000
Sit out Kit (Optional)N85,000
Permit (Depends on Location)N150,000 on the average

Other essential tips: Your ultimate goal is to aim for online sales and delivery. That can only be achieved if you build an online brand, hence the budget for advertisements.

Seek out any spot at all, some may require that you get a permit. Such spots could beside car wash, market exits, gardens, churches, schools, even in front of your house.

Practicable minimum startup cost = N50,000

Bakery

bakery

If you love to bake like I do…. just kidding. I am actually surrounded by bakers and know a thing or two on baking. I know that baking is highly lucrative and you do not spend more than 20% in cost to bake anything.

So, if you are like me and know how to and also love baking, why not get paid to do it by opening a bakery? There are a lot of recipes out there, you could even create yours. Just ensure to find a recipe that you can replicate perfectly every time.

How to start this business idea

You can actually start this small business idea from home, and as part-time at your free periods; evenings and on weekends until you make enough money for you to make it your full-time gig. Once you have earned enough money, you could then expand to a space big enough to enable you to bake professionally. Ensure to incorporate online payments and marketing into your strategy from the onset.

How to keep this business idea successful

  • Diversify – Have multiple products/ income streams to sustain your business
  • Have a social media strategy
  • You definitely need a website.
  • Focus on what your customers want, and how they want it
  • Hire a skilled and experienced help
  • Don’t forget about marketing

Financial Capital Needed

This depends mainly on how big you want to start. You would need some initial investments to get you started, but nothing an average Nigerian would not be able to afford. What takes initial capital mostly is the space and equipment needed to get you started.

If you are lucky enough to have a good-sized oven at home, then you are good to go. The next thing would be marketing. Marketing is very essential to your growth especially when you start from home or make it a side hustle.

Starting Cost Outlay:

ITEMAMOUNT
Oven (several Options available)N120,000 – N485,000
MixersN75,000 – N350,000
Bake-wares (Several of them)N100,000
Proof Boxes for Bread ItemsN50,000
Website with payment Gateway N150,000
Salary for one extra hands (Baking staff)N85,000
AdvertisementsN50,000 to start

Other essential tips:

Start small and gradually grow into a fully commercial bakery. Practical minimum startup cost = N37,000. With N37,000 you could start small from your home, or that of a friend. Most friends would let you use their ovens and other facilities for some freshly baked cakes, bread, etc.

Cooking Classes

cooking classes
Image Source: https://chefsacademy.info/

If you love cooking, and you do not mind teaching people what you know, then this could be a money-making business for you. Why not get paid to do it by opening a training school – Online or offline.

How to start this business idea

You can start this small business idea part-time, during the evening and on weekends until you become known, your business generates regular inflow and you feel you need a bigger space. You could then go big and hire other hands to help you.

Starting this is easy. All you need is your phone, a good phone stand, some good light source, a neat kitchen, some neat napkins, and some nice looking pots. It is always the best option to start this at home. Get help to hold the camera and make a video of you teaching while you cook.

Do not bother about the quality when you start, you would eventually get better by the day. Just start.

How to keep this business idea successful

Keep learning new recipes and offering various categories, for example, you could teach your clients/audience how to make a particularly special meal per week. Call in other friends to join you once in a while to teach people other things you may not be familiar with, like desserts, or Italian meals, or vegan meals. Your ability to always bring in varieties and new stuff, especially new faces, will bring previous customers back to learn more.

Financial Capital Needed

Little or no capital. Try to cook what you would normally eat and teach people to make what you would eat after the class. That way, you save yourself a lot of money.

ITEMAMOUNT
Nice camera phone (If you do not have one)N30,000 – N150,000
Phone standN10,000
Starting food itemsN4,500 – N10,000
Data creditN500
MarketingN10,000

Other essentials items:

Start out with Youtube and other social media. Ensure to have your own Youtube channel and with the right marketing and execution, you could grow your brand and start an offline school.

Recipe Collection

Food recipe

The recipe collection is one business sector a lot of people would normally not pay attention to as a money-making business. However, there are millions of people out there searching for recipes daily. Such searches come from chefs, housewives, and other people with the mindset off their culinary skills to their willing clients.

How to start this business idea

Recipe collection can take different forms, from setting up a recipe blog, to writing your own cookbook, or even showcasing your recipes through videos on YouTube, Instagram, or your personal recipe bog.

  1. To start, It is best to select a niche you love and are good at, one that you could be proud to build a brand around
  2. Make a conscious effort to document the preparation of all the meals you love
  3. Take your time to perfect the recipe by going over them several times to ensure that your recipe is accurate and can be easily replicated following the steps you documented
  4. Pick out your preferred media for to present the recipe to your customers – viz book, audio, or video

How to keep this business idea successful

  • Focus on a market (Cuisine) – African, Calabar, Continental, Italian, etc
  • Diversify – Diversify within your market – Give your customers varieties and keep surprising them to enable them to keep coming back for more.
  • Have a social media strategy
  • You definitely need a website, regardless of the media of delivery.
  • Think out of the box, present your recipe in a very easy to replicate manner, do a lot of info-graphics if you must; just ensure to focus your attention on the customer experience.

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:

ITEMAMOUNT (Naira)
Starting ingredients10,000
Media platform30,000
Marketing and Sale – Advertisement36,000
Website15,000

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

Online Business Ideas

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
Image Source: Unsplash – Anete Lūsiņa

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:

  1. 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. blogging platforms

  2. 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.

  3. 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 idea 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

ITEMAMOUNT (Naira)
Starting ingredients10,000
Media platform30,000
Marketing and Sale – Advertisement36,000
Website15,000

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

Party Business Ideas

Party Planner

Party planning is 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.

ITEMCOST (NGN:K)
One-page website15,000.00
Business cards10,000.00
Sponsored social media promotions10,000.00
Brochures5,000.00

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

Wedding marketplace
Source: The Bridal suite

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

ItemCost 
LaptopN150,000
Website with payment gatewayN150,000
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

after party cleanup
Image Source: Shutterstock

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

ItemCost
Vacuum cleanerN59,000
Brooms, mops, brushes N5,000
Latex gloves, toilet brush, nose masksN5,000
High duster, extension cordN3,000
Disinfectants, feather dusters, dustpans toilet cleanerN5,000
Paper towel, white ragsN2,000
One-page websiteN15,000
Social media promotionsN10,000
Business name registrationN15,000

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

Gift basket services
Image by Shutterstock

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 

ITEMCOST
Social media promotions N10,000
WebsiteN35,000
Business registration and reservation of business nameN15,000
Business cardsN5,000

Other essential tips

You should partner with event planners, flower shops, etc.

Practicable minimum startup cost = N45,000

PAMPER PARTY

Pampering party

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. 

ItemCost
Massage table, towels, robes N135,000          
Fairly used massage tableN80,000
Portable pedicure and manicure massageN40,000
Beauty productsN12,000
Business cardsN10,000
Social media promotionsN10,000
Business registration and name retentionN15,000

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. 

ItemCost
Pots, plates, spoons, pans, glass cupsN50,000
Industrial gas cooker and gas cylinderN100,000
Firewood standsN40,000
Tables, chairs, table clothesN150,000
CanopiesN150,000
Trays, cutlery, turning sticksN100,000
Water drumsN20,000
Basins, bowlsN10,000
Business registration and name retentionN15,000
Printing on the itemsN10,000
Business cardsN10,000

Practicable minimum startup cost for Renting Out Party SuppliesN650,000

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 NeededCost Price
Washing machine50,000
Dryer98,000
Iron board30,000
Electronic iron6,000
Hangers15,000
Pegs3,000
Buckets2,000
Basins3,000
Laundry soaps and detergent3,000
Brushes4,000
Garment conveyor25,000
Bleach1,000
Power generator85,000
Banner10,000
Stickers5,000
Business name registration5,000
Social media promotions5,000

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.

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.

ItemCost
Business name registration5,000
Rented space250,000
Social media promotions5,000
Car wash machine100,000
Water (Borehole)400,000
Water tanks45,000
 Water Hose10,000
Power generator100,000
Brushes, Buckets, towels7,000
  Robber boots and gloves6,400
Soaps and detergent2000
Blowers/dryers350,000
 Vacuums40,000
Perches30,000
Prep guns/pressure water100,000
  

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.

Farming Business

Photo by James Wheeler from Pexels

Poultry Farming

Poultry farming is a very profitable business, and that’s why it is speedily climbing up the fastest growing businesses in Nigeria ladder. 

Unlike what many people think, poultry farming isn’t only about breeding chickens or egg production. There are four significant activities and possibilities with Poultry farming:

  • Layer breeding
  • Broiler breeding
  • Poultry feeds production
  • Poultry equipment production.

Poultry farming, as a business is broader than people think. And that’s the reason it’s essential to understand whichever branch you decide to venture. 

Know that every branch is profitable, depending on how you run and manage the business.

Why’s Poultry Farming a Thriving Business? 

Considering the profit poultry farming yields, it is only logical to understand why it’s thriving. The increase in the consumption of white meat which includes chicken, turkey, duck and other birds fall into is due to the health implications red meat has. All age groups consume white meat, unlike red meat. Apart from that, it’s affordable and readily available.

How to Start This Business Idea 

The first step to take when starting this business is to take time to learn about the business. You might think breeding chicks and layers is all about feeding them, but that’s not the case. Have it in mind that one single mistake can lead to the death of thousands of chicks. There are tricks in every business you have to learn to succeed, know them.

After researching and learning about the different branches of poultry farming, you have to decide if you will be breeding chicks, breeding layers, or both. This decision is a result of the knowledge you’ve acquired from your trainer. Specialize in the area you’re good at.

Set up the poultry farm. This can be done in your house, rented land or acquired property. It depends on your budget. But wherever you choose, make sure it’s conducive for the chicks, layers and eggs.

Another factor to consider when setting up your poultry farm is your access to water, power supply, motorable roads.

Structuring the farm can be done in three ways:

  1. Fencing system: This is a poultry farming system where the birds freely roam around in a fenced area fending for themselves. This structure isn’t advisable for a business.
  2. Sawdust system: This is a poultry farming system that use sawdust as the main cage system. It allows the chickens to move freely. It’s imperative to change the sawdust regularly to prevent the spread of diseases.
  3. Caging system: The is the most common system when structuring a poultry farm. Birds are caged according to their sizes.

Buying of equipment depends on the structure of your poultry farm. We’ll look at the needed equipment and their prices in the starting cost outlay.

When buying the chicks, make sure you’re buying from trusted dealers. This is one of many perks of being trained by a professional. You will be able to different healthy, malnourished and unhealthy chicks.

Already prepared feeds are highly recommended when you’re just starting. As you progress with time, you’ll be able to produce the feeds yourself.

All things being equal, your turnover will depend on your marketing strategy. You are to build a network of retailers before your first harvest. Market to the retailers around your area and let them know when the products will be ready.

How to Keep A Poultry Farming Business Idea Successful 

The business will be successful if you don’t make crucial decisions from a greedy point of view. Start with a few chicks and see your progress. You don’t test the depth of a river with both feet.

Employ helping hands if you are breeding more than 400 chicks. Poultry farming requires utmost attention, so don’t give the business less attention.

Aggressively market the business to friends, family, colleagues, neighbours, retailers, food vendors, grill vendors, etc.

Financial Capital Needed To Run Poultry Farming

You can start with the sum of 100,000 with a well-structured cage. You’ll increase the chicks as time progresses.

ItemCost
Business name registration5,000
Banners/stickers15,000
Social media promotions5,000
Leased land100,000
Feeders12,000
Chicks (N200x40)80,000
 Waterers30,600
Cages92,000
Incubators48,420
Nests50,000
Coops50, 000
Waste disposal25,000
  Brooders  55,000
Perches30,000
  Power generator100,000
bags Feeds (10)30,000

Other Essential Tips

To breed healthy birds, you must employ the services of a vet. A vet will advise you on what to do to make the birds healthier.

Partner with eateries, beer parlours, cuisines and local kitchens to provide them with fresh eggs, turkeys, and chickens.

Cassava Farming Business 

Cassava is the source for most of the food Nigerians eat. Fufu, Garri, Abacha, Amala, Cassava flour, etc. are the products of cassava. And this has made cassava farming a fast growing business in Nigeria. Aside from the products being locally consumed, it also serve as foreign export since Nigeria produce cassava in high quantity. Statistics have it that 24 out of 36 states in Nigeria grow cassava.

Cassava production might sound like a huge task, but it’s one of the easiest things to plant. The quantity you’re planting is where the work lies.

Suggested Read: How To Plant Watermelon

Selecting The Best Location For Your Cassava Farm

Before choosing a location, it should be perfect for cassava farming. Go for fertile land that is well-drained. You won’t be able to tell the real nature of the soil, and this is why you should take the soil for testing to find out if it will favour cassava farming.

Check for the following:

  • Adequate rainfall, sunshine or access to water
  • Landscape topography
  • Proneness to pest invasion
  • Proneness to soil erosion

Choose Cassava Stems for Planting 

Understand that planting cassava for private use is different from commercial planting. When planting for private use, you may not be so particular about the stems you’re planting, but this doesn’t apply to planting cassava for business. In planting cassava for commercial use, you have to consider the stems to know if they are high yield stems.

Different cassava stems don’t grow well on the same soil. After testing your soil you should have better knowledge of the kind of cassava stems the soil can accommodate.

Check the stems for the following:

  • The quality of the root they produce.
  • If the stems are healthy and fast-growing.
  • Whether the stems have a strong resistance to pests.

Rapid and rich growing stems for commercial cassava planting

  • NR 8082
  • NR 8083
  • TMS (2) 1425
  • TMS 30572
  • TMS 81/00110

Prepare the Soil

Well-prepared soil aid the growth of healthy of the cassava.

How do you achieve this?

  • Adequate use of manure and fertilizer.
  • Prepare the soil for irrigation because you can’t be too sure about rainfall.
  • Prepare the ridges to prevent rain from washing away the soil.

Prepare For Cultivation 

You’re to prepare for cultivation from the very first day you planted the stems. It is highly recommended that you take good records of your activities to help you know the next step to take.

Before preparing the land, you’re to apply herbicide on the soil. Liming is also another thing to do during land preparation. You’re to apply agricultural lime of 5 (50kg) bags on the stems and land.

Plant the Stems 

The Nigerian time for cassava planting is April. It takes 6-7 months to harvest early-maturing cassava, while it takes 12 months after planting the stems to harvest late-maturing cassava. It is advisable to apply fertilizer to the soil 8 weeks after planting the stems.

Weed the soil regularly to make sure the stems aren’t chocked by weed.

Harvest the Cassava 

The best way to know that the cassava is ready for harvest is when the leaves turn yellow and fall to the ground, and when the root (cassava) is mature. To harvest faster, cut off the stems and preserve them for another planting season.

You can carefully use hoes to dig out the cassava root from the soil.

Marketing Cassava Products 

You can either sell the cassava in its raw form or process and sell it yourself. Whatever you decide to do, make sure you have built a network of buyers for your product. There’s a big market for cassava products in Nigeria, so it won’t be that difficult to sell.

How to Keep The Cassava Farming Business Idea Successful

Your success is dependent on many factors, but you must have adequate knowledge of the business. Cassava makes our list of the leading fastest growing businesses in Nigeria because of many factors, one of which is her success rate amongst Nigerian farmers. Little wonder we are a leading producer of the tuber in the world.

Take time to learn the business by visiting cassava plantations and ask the farmers in charge questions.

Learn about the market for your product and how to sell them.

When you’re applying any chemical on the land or cassava stems, do it rightly. Wrong measurements can cost you a lot.

Have a senior in the business you consult in case anything goes wrong.

Financial Capital Needed To Start Cassava Farming

Cassava farming is capital intensive. You have to own or lease a plot of land to do this business.

ItemCost
Rented land (1 hectare)250,000
Land preparation50,000
Cassava Stems (60 bundles)10,000
Cassava cutting5,000
Planting cost12,000
Fertilizer (10 bags)50,000
   Fertilizer application7,000
Herbicide application12,000
Weeding15,000
  Insecticide5,000
Harvesting20,000

Suggested Read: Sources Of Funding For Small Business Owners in Nigeria

Other Essential Tips

As a farmer, you’ll be needing all the patience and consistency you can get to make something out of this business. Learn how to store and preserve the products and get ready buyers before harvest.

Conclusion:

These businesses are not on this list of the leading fastest growing businesses in Nigeria by accident; they are easy to venture, highly profitable and with minimal risk.

Do you know any other business that is worthy of this list? Please give your suggestion using the comment section and I will write on them.

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What can I do to make money in Nigeria?

What can I do to make money in Nigeria?

Making money is easy, it starts with just one simple yet very important principle – The desire to make money and the faith in yourself to make money.

A lot of people want to make money but lack this fundamental principle, so they look for the easiest of ways out of their quagmire – the do so many unholy and unhealthy things just to make money.

This article is an answer to your question. It is packed with a lot of business ideas to help you make money. Some, with as low as N30,000 you could be smiling to the bank at the end of about 3 months of dedicated work on the idea you choose.

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