Obviously, you are looking for small business ideas you can start up in Nigeria in order to make ends meet. If so, you are in the right place. As this article will discuss some of the businesses you can invest in and actually make daily income
Profitable businesses to earn daily income in Nigeria
As the economic situation of our country Nigeria grows from bad to worse, it is important that citizens and residents of the country look for additional income streams so as to earn more and stand the chance of coping with the situation.
We will discuss these profitable small business ideas which you could use as side hustle and make up to 3k income from them daily.
By the end of this article too, you should be in a right position to choose between any of these daily income business and start planning on how to start up.
1. Food Selling
In Nigeria, many youths find it stressful to prepare three square meals in a day. They prefer eating outdoor. This can be a very big opportunity for you. You could capitalize on this and Set up a small food shop in a very good location, where passerbys use frequently. Find out the foods that are mostly wanted by consumers and start selling them.
This business will surely yield you great profit. You you don’t have enough money at this time, you can suspend going primarily into dishes and start selling popular snacks like puff-puff, akara, or roasted plantain (bole) to passersby. The facinating thing about this business is that it doesn’t require much setup and it yields high returns within a short time.
2. Mobile Phone Accessories Sales
Another business that has been profitable since it’s existence and is still lucrative now is the phone accessories business. You can sell mobile phone accessories such as chargers, earphones, and phone cases at busy street corners or markets and make your income on daily basis.
If you have enough capital, you could get a shop of your own and start selling. If you don’t have much capital, you can still make it mobile. Carrying it around on trucks to very good locations like market places or busy junctions. This business is really worth trying. Checkout our article on how to go about starting a phone accessories business.
3. Laundry and Dry Cleaning Business
This is a very easy to start business in Nigeria. Many workers and big businessmen in Nigeria don’t buy out the time easily to wash and iron their clothes. So you can take advantage of this opportunity and offer laundry and dry cleaning services to busy individuals and families in your neighborhood. It is best to get a location where big businessmen or company workers reside around. To find out more on this business, checkout our article on it.
4. Car Wash:
This business has slowly become a very lucrative business in Nigeria. I say this because, many youths and big businessmen are not a good fan of washing their cars by themselves. They prefer bringing it to a car wash center to do the job perfectly for them.
So you can use this opportunity to Set up a car wash service and offer cleaning and washing services to car owners in your area. You can start by just hiring a space and getting a good water supply, create a banner for awareness and do the job. You may also consider offering home services to interested customers at additional cost. This business is bound to generate you cool income.
5. Driving Business
This business is one of the top businesses you can start in Nigeria right now. Irrespective of the fact that fuel prices are consistently going higher, you can still match up with it and join the competition. Whether it is okada, Keke, small bus, and big bus, it will yield you sustainable income and that too on a daily basis. If you don’t have enough money, you can start by hire purchase and keep progressing in the industry.
See also: cost of starting a filling station business in Nigeria
6. Hairdressing and Barbing:
No matter how hard things may seem to be, people will still barb their hair, plait new one or wash. As a lady you can Provide hairdressing services to your neighbors and relatives and gradually you get a space or shop. As a man barbing salon services can go a long way in giving you daily income. Maximizing the use of the rechargeable clipper can really fetch you the desired daily income you need and earn you more profit. Read our article on how to start how to start barbing salon and hairdressing business in Nigeria.
8. Teaching Business:
If you are good in teaching or enthusiastic about classroom affairs, you could offer tutoring services in subjects like mathematics, English, or science to students in your neighborhood. Reach out to parents to identify your identity and convince them to let you teach their children
9. Snacks and Beverage Sales
Selling of snacks like popcorn, chin-chin, or soft drinks at busy intersections or bus stops, can give you an extra income stream in Nigeria.
10. Mobile Repairs
This business is another profitable business you can venture into with proper planning. After a few months of training, you can Provide mobile phone repair services, fixing common issues like cracked screens, faulty batteries and charging ports. This can be more profitable, if you choose the right location and really know what you are doing.
11. Cleaning Services
Offering cleaning services for homes, offices, or commercial properties on a daily or weekly basis can give you the regular income stream you need. You can start by visiting almost completed buildings and meeting with the owner, whether he will like a thorough cleaning service after the building is completed. You can bargain prices with him and make your cool money.
12. Shoe Repair Business
This business can really give you some additional income to keep up with Nigeria economy. Although it is overlooked in some part of the country, it’s returns should not be overlooked. You can start a shoe repair business and offer services like sole replacement, heel repairs, and polishing. The profit is actually worth it. Read this article on how to start shoe making and repair business in Nigeria
Conclusion
In conclusion, we have seen that with or without specialized abilities, there’s something for you to explore and start making daily income. So, just pick an idea that appeals most to you and start making plans on how to start. In doing this, you will be coping fine despite the economic situation of the country.