1. Cosmetics Production Business
If you love beauty, then going into the cosmetics business will be your best bet. For you to do well in this business in Nigeria, you will need to engage in some deep research.
Why is this important? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.
2. Tomato Farming Business
Agriculture offers the best investment in Nigeria today. This business is rewarding, and at the same time, not expensive to start up. However, before you start the tomatoes business in Nigeria, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand. Also, they will let you know the varieties that are patronized best. You will also need to ensure that the seeds you finally pick will grow well.
3. Plantain Chips Production and Sales
You have seen it everywhere – the delicious crunchy snack made from unripe plantain. Hawkers sell them along the highways. The catch is, you probably did not realise how lucrative it is.
What else, you don’t need to be a UAC or Leventis Food to engage in the plantain chip business in Nigeria.
A small-scale plantain chip enterprise with an initial investment fifty thousand is capable of returning N10,000 in profit daily. If you’re looking for business ideas in Nigeria with low capital, you should really consider this.
If you can write or have the capacity to learn how to write, start a blog. Blogging is a good way to make money online in Nigeria. All you need is internet access, good research skill, an interest, and a laptop and a lot of time. Your most important and perhaps expensive investment in a blogging career is your time.
Set up a free blog with WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.
5. Sale of Mobile Phone Accessories
This is a very lucrative business in Nigeria today. With as little as N50,000 saved using a platform like PiggyVest, you are good to go. While you will do well by renting space if you have the money, this business can also be done in mobile fashion i.e by carrying your products to places they are needed.
In this case, you have to first identify your market and feed them with their needs.