BusinessHABGood Businesses: Here, I bring to you Good businesses in Nigeria to do.
In the event that you need to earn more than one million a year you ought to choose an area of your business very carefully.
Here are 19 lucrative businesses in Nigeria you can invest your money and be sure of making millions back.
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List of Good Businesses in Nigeria You Can Do
Good Businesses:
1. E-commerce
Electronic commerce is the easiest sort of business to begin.
The best thing about the e-commerce is that you already have millions of online “customers”.
You simply need to transform them into buyers of your products.
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Good Businesses
2. Poultry Farms
This sort of business is very lucrative. Even some foreigners are coming to Nigeria to invest into it.
Let’s say you begin with a ranch of 1,000 chickens and develop it properly.
You will be earning nearly N30 million yearly.
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Good Businesses:
3.Second hand clothes
Ibadan flea market Many Nigerians prefer to purchase used clothes of good quality instead of cheap fakes.
The cost of importing used fabric is very low.
This guarantees good turnovers of your investments.
4. Snail cultivates
These ranches are quite famous in Nigeria.
They need low investment to begin. you don’t not need to bother with any special equipment.
Be that as it may, the area is huge, and also the market.
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Good Businesses
5. Organic product juices
Nigerians consume more natural product juice than other people on our planet.
This business is intense and it needs enormous beginning capitals.
However, in the event that you are able to bear the cost of it.
It is absolutely justified, despite all the trouble.
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Good Businesses:
6. Oil and gas
Our land has great deposits of oil and gas.
So, the land itself presents the best open door for its citizens.
Some finest businesses in Nigeria started from owning of petrol filling stations or gas logistics.
These areas are constantly good to make money.
Good Businesses:
7. Professional car wash
The primary concern in this sort of business is good management and an ideal place.
Attempt to choose a strategic place for example in Lagos or in other city overcrowded with much cars.
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Good Businesses:
8. Construction materials
House construction is on its peak now in Nigeria.
So, being that you will manage to become a neighborhood dealer of construction materials.
It will surely present to you some good money.
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Good Businesses
9. Rice farming
There is never enough rice in Nigeria.
That is the reason government imports it from Thailand and China every year.
You ought to prepare to invest barely in good work and farming itself.
However, the result is justified, despite all the trouble.
See also: How To Start Fruit Juice Business In Nigeria
Good Businesses
10. Hotels and estates
Business with property is most likely the biggest chance to make money in Nigeria.
Invest in a little hostel or a smaller than usual hotel.
Likewise, you can simply rent some property.
And then you will see how the money stream in.
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Good Businesses
11. Logistics/Courier Business
The increase in eCommerce businesses will open entryways for more delivery/courier companies to emerge.
Being that you are transportation goods from Owerri to Lagos, someone needs to deliver them.
Cost of delivery is a hindrance to eCommerce business in Nigeria.
More delivery companies will provide healthy competition, constraining down prices.
This is a good thing. How to begin a little courier company?
Read this article: Top 21 Generator Business Tips in Nigeria
Good Businesses
12. Online Marketing
Take your pick: blogging, freelancing, data marketing, affiliate marketing, there are plenty.
More people will make more money online in 2018 than they did in 2017.
It is no longer a secret that people make full income on the Internet.
Coincidentally, in the event that you plan on launching a blog in 2018 get blogging ideas that could make you the most money.
Read also: 23 Tips to Start Cupcake Production business in Nigeria
Good Businesses
13. Transportation
Like real estate, every year will dependably be a good year for transportation.
Uber has challenged the way transportation works in Nigeria.
Today, we see startups like FindMyRide and GoMyWay creating developments in the vehicle sector.
Cab drivers are no longer the old men driving rickety cars, polluting everywhere with smoke.
You also can make money in transportation. The opportunities are endless.
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Good Businesses
14. Cassava Processing
Cassava is predominately known as one of the traditional food to the nearby farmers in Nigeria.
Cassava is one of the most well-known and widely consumed food in Africa.
It is such an important food in the region.
It also has an extremely versatile yield.
It is normally referred to as cornerstone of food security in Africa.
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The competing needs for cassava cut crosswise over both human and creature utilization.
It is quick becoming a well-known raw material in modern production.
And is presently a preferred material for making biofuels.
There are a great deal of bi-products that can be produced from cassava.
For example, garri, Cassava Bread, Cassava Flour, and Cassava Fufu.
Savvy entrepreneurs can venture into any of these businesses or even get involved in delivering all.
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15. Waste Recycling
So much has been said in regards to the environment this year.
Huge players like the US and China are pulling out all the stops about safeguarding the environment.
True, Nigeria might not have gotten to the point.
Where we cut our non-renewable energy source reliance and go completely green.
Be that as it may, Nigerian entrepreneurs are not surrendering.
Waste recycling is a good project for the environment.
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Good Businesses
16. Paper Bag Production
Still on the environment, I expect plastic sacks to steadily leave use from 2018.
Maybe not that immediate but rather bound to happen at some point.
They are not good for the environment.
Paper packs have got good yells in other African countries with countries like South Africa,.
Morocco, Rwanda, Uganda, etc. all forcing a restriction on plastic sacks.
To what extent before our beloved Nigeria takes action accordingly?
Regardless of what extent it takes, investing in paper pack production will be justified, despite all the trouble.
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Good Businesses
17. Nursery and Primary School
There is an absence of good schools in the nation.
And you can set up fantastic nurseries or elementary schools to make millions.
18. Online tech business
You can easily set up an online tech business.
And make a great deal of money inside a year or two of your business dispatch.
This is a simple business and you don’t have to be a tech expert to operate in this sector.
I’ve known people set up these types of businesses, and outsource the work to tech professionals.
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Good Businesses
19. Furniture business
A ton of profits is what you will earn in the purchasing and selling of furniture.
You don’t have to be a carpenter.
You can basically contact reliable carpenters in your area and arrange a steady supply of furniture items to show in your showroom.
This is a major scale enterprise due to the fact that only a few people can manage the cost of imported designers.
These business ideas have great potential, and the capacity to help you generate millions.
However, remember the success is in the planning, and your capacity to execute your plan.
There are some key elements that you should assess before focusing on any business venture.
Once you have these elements in place, you are just a few steps away from business success.
Good Businesses
If you need a complete business plan, please let us know.
Or, you want us to help you set up this business, kindly contact us.
Otherwise, Please check out these other business ideas you can do.
BusinessHAB
Ekemini Ekpo