The benefit of starting your own business certainly outweighed any constraint you may experience at the beginning. To make things lot more easier for you, I’m putting up well researched hot business ideas that any serious entrepreneur from any background can work on.
These are not some random junk business ideas listed in alphabetical order just to make up numbers. This list contains carefully selected, time tested, latest trending business opportunities you can work on. And we take it further by elaborating on how to start each of the top business ideas mentioned on this list.
As a home grown entrepreneur, I understand that starting a business anywhere in Nigeria is difficult, and coming up with reliable idea is even much more difficult. Sometimes, it takes countless of searches and researches to come up with hot business ideas. Throwing countless of resources on your face isn’t going to help you discover any business idea, it will rather complicate things for you.
Therefore, In no particular order, I present to you the top 25 hot business ideas in Nigeria that works. Follow the corresponding links to get further details about any suggested business idea on this list.
Recommended Hot Business Ideas For Beginners
1. Online Advertising Agency
Online advertising is fast taking over from TV advertising and it is projected that there will be more people advertising online and more revenues generated in online advertising than the TV ads in 2018. Setting up online advertising agency helps you leverage on this massive growth. And the business is foolproof.
2. Home/Office Cleaning
Cleanliness is one of the most beautiful habit that sustains environment. But not everyone has the habit, and more and more people are becoming too busy to keep their homes and offices clean. Employing a cleaner has become the next viable options towards maintaining clean environment. Most companies and homes outsource cleaning to the cleaning agent.
Setting up a cleaning services business is a sure bet to attract qualified paying customers on consistent basis. It is a business that has 98 percent chances for survival and growth.
3. Grocery Store/Supermarket
You can start small and increase your size and capacity over time. Setting up Grocery store in your neighborhood is ideal business opportunity for many reasons. It sells daily consumables that guarantees your customers coming again and again for repeat sales.
4. Public Relation (PR) Services
PR services is fast gaining ground worldwide. In this line of business, popular celebrities and top businesses are your prospective clients. If you are qualified in this field and good at what you do, public relation business is a sure banker.
5. Writing Business Plans and Resumes
A good number of people out there who desires to go into business or look for jobs simply don’t know how to go about writing good business plan and job resumes. They prefer to hire experts to do the writing for them. Are you good in writing business plans, this could just be your business.
You can set up a business consulting firm that will specialize in writing business plans and resumes, as well as render other consulting services.
6. Selling of Wrist Watches
Very few people out there are not wearing wrist watches as we speak. Wrist watches are some of the most desirable fashion accessories anywhere in the world for both men and women. Dealing on wrist watches is a very lucrative business and you can setup and supply using online portal.
7. Apps Development
You and I knows the importance of Apps. With the popularity of smartphones, smart TVs, tablets and etc.. Apps are even making them smarter. There are Apps for almost everything, including for corruption.
If you are good at developing Apps, this is the time to take it up as business. You can as well learn it if you have the few spare time required. You can even develop apps without any coding knowledge using apps platforms such as Google play.
8. Dog/Pet Business
Pet industry is a billion dollars industry and many businesses are already thriving in that sector. Dog business stands shoulder high above every other pets business. Think of what you can offer and go for it. It is a business of passion, especially for pet and animal lovers.
9. Fast Food Restaurant
This is one of my choice top business ideas and it’s just a matter of time before I invest in fast food restaurant business.
It works in any country and location as long as there are human traffic and people do eat foods around there.
10. Computer Game Center
First of all, get a good location. It should also be located in a domestic area; this is because your prospective clients are located within the domestic axis.
SEE ALSO: How To Start A Computer Game Center
You need to be well informed about the features of games that you intend to use. We suggest video games, board games as well as snooker game.
11. Private School/Tutors
Private school is a big business in countries where it is legal to run. Teaching is a skill and it is better learned with time and experience. Depending on your experience level, you can set up a tutor center to teach beginners for a modest rate such as $30 per head.
With time, you can grow it into a well equipped private school and charge up to $1,500 per child per term.
12. Business Process Outsourcing
If there is anything you are very good at, you can get a company to outsource the service to you. For example, a bakery can outsource the delivery of the final product to a courier company.
This type of service arrangement allows each company to focus on its respective strength and improves customer service.
13. Petroleum Product Marketing
Starting up petrol gas station may be considered capital intensive and requires a lot of logistics and planning. But it is a very good and profit oriented business idea.
If you have the required resources to setup and run this business, I’d advice you to go for it now.
14. Book Publishing
The market is not saturated yet, people still ask for books thus creating needs for others to join the ranks of existing publishers. Do you want to make millions as a book publisher? I have written series of articles on this website that explains exactly what you need to get started and get going.
Because the article is very detailed, it has been divided into series. This way, both greenhorn, fledgling and experienced publishers can get to benefit.
15. Freight Forwarding
Exportation of goods happens on daily basis in different locations and in different countries. This puts freight forwarding is at the very top of my choice of lucrative business ideas.
Read the corresponding article and add further research to find out exactly what you need to get started with this business opportunity.
16. Private FM Radio Station
You may wonder – another big budget business idea – hey, no! Well, starting a radio station isn’t as big as you may think.
Find out what is required to start a radio station of your own. Listening to radio while driving is, and will remain one of the biggest entertainment you could get in a car.
17. Setup A Law Firm
But you are not a Lawyer? You don’t have to be to setup a law firm. All you need is couple of smart lawyers in your portfolio and business logistics.
As a matter of fact, people are getting more conscious of their human rights, and as the crime wave increases, law suits too are getting on the increase. These in return has made law business one of the top business ideas in the world.
18. Football Viewing Center
We all loves football, the beautiful game. Sometimes, what makes football very exciting is the atmosphere. That’s why most people prefer to watch football games in public.
Football viewing business is a seasonal business that is sure to bring you money during the season, while you go on vacation to enjoy your money during the break. I like a business that gives me time for break.
19. Growing Edible Mushroom
Have you tasted foods prepared with mushroom before? It’s surely delicious, isn’t it? You can grow edible mushroom from your home and supply to hotels and restaurants in your locality and make good money.
This is surely a business idea, rare one for that matter. One thing beautiful about this business is that it’s not time consuming like other business ideas.
20. Graphic Designing
Graphic designing is an art. If you are good at it, you can set it up as business, offering the service on a freelance basis to prospective clients, both online and offline.
Getting clients for graphic design business is quite simple, use freelance websites like oDesk.com to find clients.
21. Event Planning/Management
Planning an event requires high level of dedication and expertise. Not many event organizers has such amount of time and dedication to plan their events. Therefore, the best bet is to outsource.
Setting up event planning and management business is a very good idea, viable in every city. This requires minimal amount of money as you will be working with clients money paid upfront most of the times.
22. YouTube Program
Some YouTubers are making more money than ever before from just uploading simple videos to Youtube.com
All it takes is to make any interesting video, use video editing software to edit your videos if you can lay your hands on the software or you use YouTube inbuild editing system to edit your video. Then post and promote, that’s all.
23. Car Wash Services
Cash wash business is one of the age long top business ideas that is always evergreen. With more and more cars coming into the streets on daily basis, the need for car wash is always on the increase.
You don’t have to break the bank to setup a car wash business except you want to. Good location and few equipment and you are good to go.
24. Seminar Consulting
A business I did for five years! If you think you are expert in any subject that requires consulting. Think of setting up seminar consulting business around it. All you need is your ideas, your qualification, and a well packaged seminar. The rest will become history.
25. Property Consulting Agent
Property agents make money from practically doing nothing. Read the article on this link to find out what it takes to start property consulting outfit.
The requirement may be different according to your location. Find out what is the necessary requirements; such as government regulations and registrations.
There are hundreds of other top business ideas on this website (going to thousands). If you really wants to start a business or take your existing business to the next level, you need to bookmark WealthResult.com and visit on daily basis. Thank you!