If you are looking for new business ideas or just a way to make some money in Africa, then Nigeria is the place to achieve that dream of yours!
Nigeria, the sub-Saharan African country, is home to one of the fastest-growing economies in the whole African continent. Though the country has experienced a very large setback in the best 7 years due to its choice of leaders, which has affected the country’s economy, it remains one of the best places to start up your business.
Nigeria in West Africa is also home to some of the most exciting small business opportunities globally. With its vast array of business opportunities, it can sometimes be difficult to know where to begin, how to begin it, and the best approach to perform well in Nigeria’s business.
In this article, we will take you through some of the best ways to start and grow a business in Nigeria, the best-tested approach to take as a startup, the best location to start your business, and the way to go about it.
We have interviewed some of the best performing business owners, asked them some questions about how they started and was able to grow their businesses and the sacrifice they had to make to make it to the state they are currently; their answers are what we will be giving you here is the insight to part of the list of the best business In Nigeria, the current best-performed business currently running now, and the best location to start your business.
Best Business In Nigeria
We highly recommend you start some business in Nigeria if you want to make some cash in the country, while some don’t worth the stress.
We will keep our options open, give you the best advice we have, give you the guise as needed, and then allow you to choose depending on your location, capital, and how you want to run the deal.
Below is the list of tested businesses you can start in Nigeria and make a good profit out of:
- Solar parts Installation business
- Poultry farming
- Email marketing
- Rice farming
- Making fruit juice
- Content marketing
- Importation of used clothes
- Car wash
- Setting up an eatery
- Transportation business
- Fashion designer and tailoring
- Waste management
- Animal Husbandry
- Rental services
- Mobile phone repair
- Pure water business
- Recharge card and data
- Catering services
- Laundry services
- Event planning
- Photography
- Liquid soap production
- Ice block business
- Affiliate Marketing
- Graphics designing
- Beauty Service
- Gas shop
- Hotel Services
We will cover some crucial parts of the business and how you can start the business of your choice.
Solar parts Installation business
Solar installation is a very nice business to start in Nigeria because Nigeria cannot give its citizens a steady electricity supply. Many businesses and individuals are switching to solar energy, and 100s join every day. You can start installing solar energy for this person who needs it to make some cash out of it.
How to start a solar installation business
- Inquire about the best prices of solar equipment
- Buy your tools such as a screwdriver, spanner, and tester
- Meet someone that knows how to install solar and learn from that person (1 month or 2 will be enough)
- Advertise your handwork so people will start patronizing you
Poultry farming
You can start poetry farming in Nigeria by just getting a small piece of land, getting your livestock, and getting the important education you need to start one.
Email marketing
You can start your email marketing business, and if you have a laptop and internet access, you are good to go. Go on YouTube and learn how to do email marketing with ease; many YouTubers are willing to teach you for free.
Rice farming
If you live in places like Ebonyi state, rice farming should be your best choice because their land is good for producing rice.
Content marketing
Content marketing is a nice business to start; go on YouTube and learn everything you need to know.
Fashion designer and tailoring
If you know how to sow, then fashion design should be your best option; you can start making clothes for people that need them.
Waste management
Not many people are into the business; there is a lot of waste produced in Nigeria, and you can turn it into business.
Mobile phone repair
If you are good as a handyperson, you start fixing people’s phones and charge them money for it. Not everyone has the money to acquire a new phone. When theirs get spoiled, you can start making money from it.
Laundry services
You can wash people’s dirty clothes and bedsheets, and it is a very lucrative business to start at any point; get some location where lots of people live and start your business.
Liquid soap production
Making liquid soap is not as hard as you think; learn how to do it on YouTube and start your business.
How To Promote and Attract Customers To Your Business
Below are steps to attract customers to patronize your business; you must not do everything recommended; you can choose one or two recommendations and follow them.
Join A Facebook Group
Facebook groups are the king when starting and building a business in Nigeria. We are all familiar with it – whether you’re a Facebook member or not. There are thousands of groups for just about every type of business you can think of.
And if you are the kind of person who likes to make new friends, joining groups is the perfect way to meet people in your area and get involved in the activities.
Set Up An Instagram Account
If you consider starting a social media campaign, Instagram is king in Nigeria. It is the king when it comes to taking pictures, but also when it comes to likes and follows.
With more than 200 million users and counting, it is the ideal platform to promote your brand and products. Money, and want to do it the old-fashioned way, an Instagram account is the way to go.
Get A Traditional Newspaper Ad
This is one of the oldest business ideas in the book. And it is still going strong in some parts of the world. And it works in just about any town or city in the world – as long as there is a newspaper to be printed. With the newspaper, you can advertise your products and services and run some great ads.
Get A Black Booking
This is one of the oldest business ideas in the book, and it is still going strong in some parts of the world. And it works in just about any town or city in the world – as long as there is a blacksmith or a photographer to be booked.
Join A Facebook Event
Facebook Events are the future for starting and growing a business in Nigeria. You can join a free class and learn some skills that will benefit you in this field. With some simple steps, an event for your friends and family to join. And with the growing popularity of Facebook Events, it does not seem to be slowing down anytime soon.
Build an Online Business
The future of online businesses in Nigeria is bright. And with the growing popularity of the internet, there are endless opportunities for startups to build an online business in Nigeria is very easy. You need to use a website like Wix or Squarespace and integrate it with your existing mobile app. You can create a professional website with unlimited features for your business or use a free website builder. The choice is yours.
Create an Online Course
Online courses are becoming more popular as more people are interested in online business training. And with so many great classes and free courses to choose from, it’s very easy to get started. You have to find a course that you think would benefit your business and sign up for it. You can then use the payment option provided by the course provider to pay for the course.
Create an eBooks or a Manual PDF
Manual pages are great for small businesses as they can allow you to create eBooks or handbooks that you can distribute to customers and friends. You can either self-publish your manual or sign a publishing deal with a traditional publisher. Decide between printed books, eBooks, or both.
Join A Networking Event
Should join a networking event. With more than 100,000 networking events held each year in the U.S., there is bound to be one near you. You can join a health-related event or a financial event, or even a marketing or sales event.
Set up an email list
Email lists are one of the oldest and most reliable forms of marketing. And with so many different businesses now offering email campaigns, it does not seem to be going away soon. And it works in just about any town or city in the world – as long as there is an email provider like Gmail or Hotmail to be sent to. With an email list, you can either send regular emails to your list or set up an auto-responder that sends replies to the top of the list.
Conclusion
The Nigerian economy is one of the most exciting in the world. With so many new business opportunities, it can often be difficult to know where to begin. That’s why, in this blog post, we’ve taken a look at some of the best ways to start and grow a business in Nigeria. With its vast array of business opportunities, it can sometimes be difficult to know where to begin.
That’s why, in this blog post, we’ve taken you through some of the best ways to start and grow a business in Nigeria. The business idea you believe in and implement it into life. From there, your success will be hard to stop.
