They are so many lucrative businesses you can start up today while looking for better jobs or while you have the time.
Some of These businesses depends highly on your location because i.e where you want to start up this business,whether in rural or urban areas.
The second factor you will have to check is nearness to the raw material you will be using that’s if needed.
And lastly, what you have to consider is MARKET..where to sell this goods after you created them. Whether you are going to take them to the market for sell or put them in your shops or probably take them around on your head
Some of the businesses you can start on your own in nigeria include:
1. WEARS AND CLOTHING MATERIALS
There are numerous types or categories of
wears and clothing materials business to
venture into. However, it’s important that
you do a proper research and then decide on
the particular one to choose. From my
experience, people that engage in this
business buys from the importers at the
wholesale level or buys from the wholesalers
at the retail level. These products are also
made locally so the choice is yours to
make. Doing this business on any of these
levels most a times depends on your capital
base and location.
The requirements are knowledge of the
trade, a startup capital and a shop located
ins!de the particular market of your product.
Examples are; men and women’s wears,
children’s wears, foot wears, cottons, bed
NB: most people still do this business here
in Nigeria without a shop. Some use their
homes as their point of sale while others
move from one place to another.
2. FOOD PRODUCTS
Food is one of the basic needs of man so you
don’t need to be told about how lucrative
this business is. If you do a proper research,
you’ll discover that one of your major
challenges will be tackling is competitions.
Some of the food products you can sell are rice,beans,yam,potatoes,garri..etc
3. ELECTRONICS PRODUCTS
This business is very lucrative as well but
just like other businesses, requires that you
learn the trade, conduct a proper research
and have a sufficient capital base.
4. ELECTRICAL PRODUCTS
Electrical products are dealt in similar way
5. MUSICAL PRODUCTS
Musical instruments are majorly done on
the retail level. One notable thing is that it
requires huge startup capital.
6. PETROLEUM PRODUCTS
Fuel, engine oil and numerous others are
examples of products under this category. If
you have plans to invest in this sector, then
you sure have a lot of research to conduct.
Importing new and fairly used cars is
another business embraced here in Nigeria.
You can find out the reason by doing a
8. BEVERAGE PRODUCTS
Soft and alcoholic drinks are in no doubt
booming in sales here in Nigeria. Venturing
into this business as a retailer or wholesaler
are both lucrative.
Necklaces, bangles, and other items under
this category are in high demand.
Nevertheless, it requires that you learn you
learn the trade for a specific period.
Most retailers of furniture products are also
the producers. But you can also be a retailer
after following due procedures of learning
the trade, conducting a proper research and
fulfilling other important requirements.
11. CLOTHING ACCESSORIES
Hangers, dummies and the likes are
examples of clothing materials sold
separately from the clothes.
As we all know there are thousands of other lucrative business out there that you can involve in. IF u want to start any of these business you will need a little to set them up and please make a very good research on any of the business you want to engage, you can contact us for more advise on this topic