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Tuesday, July 25, 2017

10 MOST PROFITABLE SMALL BUSINESS IN NIGERIA





KEY TO SUCCESSFUL BUSINESS IN NIGERIA TODAY 
The economic situation in Nigeria today has called for wisdom. Gone are the days that the fresh graduates get many different job offers and opportunities when they finished their studies. I even heard that sometimes back then, the employers goes to schools to convince and lure the heart of fresh graduate (finalists) to work in their companies. As you can imagine such must attract good and heavy remunerations. But the revers is the case now. Why because we are having more people graduating to the the labour market and less or few people are ready to retire. Thanks to the democracy under which an old papa get new appointment at his old age even when he has retired once or twice and still collecting pensions.
Another problems that is spoiling our future is the sudden diversion to technology in almost every organizations. This may sound strange to some of you but the truth is that the use or let me say over reliance on technology also contribute to unemployment situation in Nigeria.

WHAT IS THE WAY OUT?
An adage says when the going become tough only the tough keep going. What this means is that the youth or graduates of today should learn how to keep going in any situation that they find themselves. And how can you do this is by doing what is called feasibility studies, that is, find out what are the problems in your society and then think on how you can turn these problems into an opportunities. We have done little of this and we found out that one of the biggest way to conquer this bad economic and unemployment situation is by going into a small scales business. And which of those business are growing faster that can bring to you a brighter future? We've been able to collate ten (10) of them out there. Read below the 10 most profitable small or no start-up capital business in Nigeria today.


  1.    RECHARGE CARDS BUSINESS:  The  printing and selling of recharge cards in Nigeria is fast growing everyday. With more people joining the communication network everyday, you too can make it big by making the needed recharge cards available and sell to the end users. It doesn't require much capital to start the business, you can manage small amount of money and then start growing to become bigger. Note that the individual or unit sale profit may not be attractive, don't be discouraged, try and sell more and you will be surprised with your mark-up margin. At the end of the month calculate your profit and you will see that you've earned more than some managers.
     2.     PRODUCING/SELLING SNACKS:   Do you know you can also make it in snacks production? Yes, you can. With the level of poverty in the country, almost everybody can afford to buy snacks. Let me even reveal to you that snack is what some people depends on because they can not afford food stuff. For you to make money doing this, it is left to you to decide which one out of those numerous types of snacks out there that you can produce perfectly. Here, one thing is very important and that is ''packaging''. You have to use an attractive branding/packaging so that people will rush your product in the market. At the starting point you may need to increase the size of your product and also sell at the discounted price in order to win the hearth of many costumer and then beat the competitors.

    3.     MINI IMPORTATION AND EXPORTATION BUSINESS:     If you are the type that surf the internet very well, then this business is for you. Unlike the ancient days, importation and exportation has now become easy with the use of internet. What you just need to do is to do a little research on the internet and you are good to go.You can start with any amount no matter how little it is, and start making money. There's nothing under this business that is too small or too big that you can't buy or sell. For exportation you can start selling/exporting goods like coco-yam, cocoa beans, coffee beans, kola-nut, yam tubers, cassava tubers, locust beans, and many other locally produce products. And for importation, you can order for goods like wrist-watches, phones, laptops, bags, clothes, belts, cameras, shoes, e-books, jewelries, chemicals, etc.
Just make sure you do your research perfectly, and your goods will be sent to you at your own house or the nearest post office.

   4.      FARMING- CULTIVATION OF BEVERAGES:      Beverages are the farm produce that can never be overlooked in Nigeria markets today. If you go into this business I assure you a speedy and quick financial freedom. You can start producing the likes of tomatoes, pepper, okro, ugwu, vegetables etc. These products doesn't take long period before maturing and you will start making thousands of naira. The most sweetable thing there is that you can repeat the production up to twice or trice in a given year.


  5.      SELLING FOOD STUFF:      Food is the universal basic needs of life. No one live without taking something. An adage in Yoruba tribe of Nigeria even says ''what are we going to eat is an elder brother to what are we going to do''. This means that before one think of what to do, he must have already think of what to eat. Moreover, one have to eat no matter whether he's jobless or not. So food is considered as the essential basic needs. Therefore, you can start earning from food stuff business such as rice, yam, beverages, cassava powder, and so on.

  6.      POULTRY BUSINESS:       Poultry business is another opportunity that can speedily take you to higher ground. Though, you will need to acquire some basic knowledge or ideas on it. The reason for this is that this business is very delicate. You need to know the behavioral response of the birds especially to a particular problems or disease so that you can quickly make a control measure before it is too late. Before going to this business I advice you to learn all it takes from the experts.

 7.     FISH FARMING:      Here, you can make a thorough research on this business. It is a simple and interesting business. It doesn't required much capital.

 8.     COMPUTER BUSINESS CENTER:      This particular one is definitely for computer literate people. Once you are very good in handling all the microsoft office applications such as microsoft word, excel, power-point and so on. If you can use these applications perfectly, then you are good for this business. It is just that it may cost you little amount of money to get the needed equipment such as desktop computers, photocopy machines and so on.

 9.    DRYING CLEANING:      Many people have really done well in this business. It has really changed the life of many people. And it will continue to do this because there are more people, more family partaking in the patronage everyday. Therefore you too can join this group and your story will change for better.

 10.  BEADS PRODUCTION:     Despite the economic meltdown in the country, women can never do without make-up and they can spend their last kobo to buy jewelries and anything that can let them look good. You can use this opportunity to make it in life. If you don't know how to produce beads you can quickly learn it. It does not have to take you longer period before you become an expert in beads production.


However, the above listed business is according to my little research earlier this year. Nevertheless the fast moving small scale business is not limited to these 10 mentioned above. You can also do the research  in your area, know what they lack, and how you can be of help to the society and continue to make your money doing this. Let me add this that there is no business that is not good. The most important things is how are you doing the business, where do you site the business, what are you doing to beat other competitors in that business? These and many more will determine your future and define your success.
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