UPCOMING BUSINESS IDEAS IN NIGERIA
UPCOMING BUSINESS IDEAS IN NIGERIA
Looking for smart business ideas? Here are 15 upcoming business ideas in Nigeria.
Today, millions of people in Nigeria are considering going into business, and for good reasons. Starting a good business is within the reach of almost anyone who is ready to bear the risks and work hard. With so many start up ideas, it can be hard to figure out which is really worth pursuing. So in this article, I’m going to show you the most viable upcoming business ideas I feel is worth your investments in Nigeria. While jumping on a new trend can sometimes be risky( well, business generally is “risky”) — it can also be highly rewarding
E – BOOKS
Packaging your skills and knowledge into a downloadable e – book that delivers value to those seeking to learn a skill, advance in their career, or start up their own business, makes for a strong business proposition if you can target the right audience. So many entrepreneurs in Nigeria are tapping into this goldmine online. Find out how to sell ebooks online and start building your strategy around this great business idea.
ONLINE TUTORING
UPCOMING BUSINESS IDEAS IN NIGERIA
If you’ve got something you’re really skilled at and passionate about, you can turn that winning combination into offering your services with a one on one online coaching. Aside merely offering online tutoring services through your skills and experience, this business idea is all about building a community around the help you’re offering and fostering trust with your members, all you need do is set up a Facebook page that caters to creating space for this community. So what are you waiting for!? Start making money from online tutoring.
PODCASTING
Podcasting is a trending upcoming business in Nigeria now in Nigeria, and is steadily mounting the centre stage. If you’re skilled in or simply interested in a particular niche and you know that you can create a regular audience for your podcast on a specific topic, it could prove useful in fetching you sponsors to fund this great business idea.
It will help if you already have an existing online audience you can tap for listening to your regular podcasts. You’ve got to have a strong and relevant online presence for your podcast business to become widely successful.
BUSINESS CONSULTING
This is perfect for people who have developed valuable skill sets or certifications within a particular industry; if you belong to this category, then you should consider putting your skills to use in your free time by offering your consulting services to local business owners as a potentially lucrative business idea in Nigeria. So whether you’re an expert marketer, business development strategist, or manufacturing aficionado, there’s always going to be a local business owner who is willing to pay you to help them solve an issue in their company. There’s a lot to know about being a business consultant; this you will need to research and learn, or even consult with other consultants in your field to get started.
AFFILIATE MARKETING
If you have a knack for marketing and also have a great online presence; then affiliate marketing may just be your thing
If you already have a website that is driving in targeted traffic, a great way to increase your income from the content you’re already creating is to go into serious affiliate marketing business. So many bloggers in Nigeria rake in a lot of money from just doing affiliate marketing. So affiliate marketing is definitely a great upcoming business idea in Nigeria.
BLOGGING
Think blogging is overrated and is no longer a viable business idea? Think again. Tens of thousands of bloggers creating content on topics as diverse as sports, travel, movies, lifestyle, economics, business and many more, are launching self employed careers, thanks to a combination of email subscribers, affiliate marketing, blog sponsorship, and other revenue streams. The first step to launching a successful blog is sharpening your writing abilities, understanding what your audience craves for, and creating content and blog posts that drives traffic to your website.
PHOTOGRAPHY
UPCOMING BUSINESS IDEAS IN NIGERIA
If you love taking pictures and are really good at it, why not buy a camera and start a freelance photography business. It could be a natural way to turn your skills and talents into a commercial opportunity. Photography business is trending now in Nigeria, so look out for millionaires in this industry. You can start your own photography business today. Start by doing free shoots for friends and family to build your online portfolio, get familiar with your gear and the editing process, then soon enough you’ll start getting paid for professional jobs and head shots.
WORDPRESS WEBSITE CONSULTANT
So many small businesses out there start out their web presence using a WordPress hosted website before needing to upgrade to other solutions for various reasons. And so many of these business owners will pay thousands of Naira for someone to set up their business idea online; this is where you come in. If you have the patience to learn the skill, it can prove extremely valuable skill and business idea. With time, you’ll get to smile often to the bank
DEVELOP AN APP
I know it may seem that there’s an App for everything now. Yet somehow new ones keep popping up and selling for lots of money. So if you can spot a niche that hasn’t been completely explored just yet; then you can learn the coding skills and begin a career from App development. The software App industry is trending and really booming globally, and young Nigerians are beginning to migrate to this wealth – making industry.
YOUTUBE VIDEOS
UPCOMING BUSINESS IDEAS IN NIGERIA
If taken seriously; spending time on YouTube can be a very productive business venture. If you can create value- driven entertaining video content and grow your subscriber base to a few thousand subscribers, your videos can start generating a lot of income from all the ads that get displayed on your videos. As you must already know by now; YouTube videos is generating huge income for so many Nigerians and the industry is still yet to be fully explored in the country.
BEARD OIL SALES
An upcoming business idea targeting men is beard oil as the grooming/beauty industry makes approximately $6,000,000 in annual sales in the United States of America. The market here in Nigeria is even larger and yet to be explored. With a potential of pooling huge revenue; beard oil sales is here to stay. The men’s toiletries industry is worth approximately $3.4 billion, so if you’re ready to make some cool cash, what are you waiting for?
PLUS SIZE CLOTHING
Plus size clothing is one of the top business ideas of 2018. Since more manufacturers are offering greater size collection, there’s also more variety in clothing sizes. Plus size clothing as a stand – alone niche allows you to fine tune your marketing directly to the plus sized audience. This clothing line can be marketed in a number of ways; you can create a Facebook page, where you get to include product posts, and use other online channels such as Instagram
ACCOUNTING SERVICES
Many small companies and startups now out source jobs that aren’t part of their core business ( such as HR, accounting and admin). This means that if you’re a professional in any of these areas; you can turn this skill set into a profitable business idea that can engage your number prowess. Because most small companies in Nigeria are beginning to see the need of tracking their cash flow; starting an accounting services business can benefit you greatly with the increasing demand for part – time professional services in Nigeria.
JANITORIAL SERVICES
Janitorial services business in Nigeria is here to stay. And it’s pretty easy to start. There are so many directions you can take this business, if you want to work during hours when no one else does, you can focus on office clients. Big city restaurants are in great need of constant and thorough cleaning and it can be a great source of steady clients. Or perhaps you would be more interested in house cleaning? Janitorial services doesn’t even require that you spend a lot of money on advertising, as the market for this niche is pretty much untapped in the country. Usually, most of your customers will come by word of mouth.
DAYCARE SERVICES
It’s no gainsaying that daycare services business is highly profitable and is here to stay in Nigeria. Now, more than ever, as the country grows more and more industrialized; the need for parents to protect their kids while at work keeps rising, more women are up – and – about these days; thus the growing demand for daycare centers in the country.
(B.Agric, MBA)
08105636015, 08076359735
Serial Entrepreneur - International Business Planning Consultant - Speaker - Trainer - Author - Blogger - Network Marketing professional.
- 2018 SME Business Trainer and Coaching Advisor at GIZ for SME Loop.
- 2018 YALI RLC Online Cohort 9
- 2017 Fellow, Inspire Africa Train-the-Trainer Entrepreneurship programme sponsored by US Consulate Lagos and the Dickey Center, U.S.A.
- 2016 Fellow, Tony Elumelu Foundation Entrepreneurship Programme
- 2015 Top 50 Innovative Entrepreneurs, BET5 by Diamond Bank and EDC, PAU.
He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.
- He is a Certified Trainer in Design Thinking by the U.S Consulate, Lagos and the inspire Africa Entrepreneurship Institute.
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Samuel Olufemi
I really enjoyed this post. Online business is dominating the list of upcoming business in Nigeria
Daps
Nice content, Thanks for sharing. I hope we take business to the next level in Nigeria.
David
Great information and it really helpful
ogboi isioma henry
beautiful, i love your search. It is a good omen, keep it up. i have talent in the area of research, writing and teaching.
9jainfo
Am a blogger. Please sir, let’s talk privately