This was due to cost and security. No matter what, for several obvious reasons people will always have a need for new clothes. These businesses posses juicy potentials for growth. At the end of the day, all you have to do is choose an idea that is most suitable to you. Raw Food Stuff Business; This is one profitable business that can bring in good returns on investment in Nigeria. As it is often said, fail to plan is a plan to fail. We use cookies to maintain and enhance your viewing experience. Choose the most suitable niche today and start mapping out a plan or blueprint on how to successfully run the business. So going into such business is going into a gold mine. Fortunately, you can watch some fitness tutorials on YouTube or sign up for a fitness course on Udemy. The first area of investment with high return of investment is: 1. A period where men more than ever can explore several fashion options, even in the area of hairstyles. Hence, the most profitable businesses for a first-time entrepreneur are those that are easy to get started, require little initial capital outlay and can capitalise on the current market trends. Share. Car Wash Services9. Starting a business or better still, entrepreneurship is the way to go in Nigeria with our current economic realities. You’ll also find ideas that fall within the realm of childcare, others that correspond more to B2B services, and some that suit entrepreneurs who are looking to be on the move with their businesses. It is on this note, I will be sharing some of the other business potential available to you in this people loving community. Everyone today must come to terms that “It’s not what is done but how it is done” that makes the difference. The eBook on how to start profitable importation business in Nigeria in 2020 normally goes for ₦10,000. One common question we’re often asked, on this site is, “what Lucrative business can I do in Nigeria with little capital investment”. I was disappointed. With your knowledge and physique, you can walk into any gym centre and make a business proposition. But that fear is about to be demobilized as I show you some businesses you can do in 2020 with a little capital. As enunciated in our catalogue of the most profitable businesses in 2020, there are a plethora of ideas that will suit the full range of business ownership experience and preferences. Profitable Online Business Ideas In Nigeria (2020) March 26, 2020 Soliu Jamiu Ishola Business Ideas, Internet 3. You should consult these four steps below before venturing into any business. Constructively analyse the situation and here goes the first step to start a successful business. No one should think the problem is particular to Nigeria. You too can setup your own online advertising agency in Nigeria today and make millions. 1. A Country That Rehabilitates Terrorists But Shoot And Kill Peaceful Protesters. Have you been surfing the web for any profitable business opportunity that you can capitalize on? Share; Tweet; The list of the leading profitable companies around the world offers a glimpse of which business sectors are commanding the most economic influence. Firstly, the businesses presented on this list are not the only profitable small businesses in Nigeria or anywhere else in the world. The reason for this is not farfetched as we have the high and the mighty residing in this city. Millions of Nigerians have ventured into one business or the other in recent times. This should be included in your plan. Feb 4, 2019. You can start your own exportation business, if you register with the Export Promotion Council of Nigeria, and decide which specific product would be best for exporting. Every sign of a healthy, thriving economy can be seen in a good business in Nigeria. Once you make up your mind, any of the listed options are some of the lucrative businesses you can do in Nigeria in 2020. You can offer some repair services right in your customer’s driveway or office garage. After developing a very good and unique business idea, do a feasibility study. Find out ways to raise capital, save, protect your income, and shrewdly spend financial resources. Most Profitable Small Businesses in 2020. Here are the 2019 best small business ideas in Nigeria which you can also use in 2020. Do you live in a metropolitan city? It is called Okrika or bend down and select. The work tailor is merely a fragment of what a fashion designer does. ... cost of premises in city centres has fanned the growth of this business in which a food truck is an attractive and profitable business model with a relatively low … Find yourself a restaurant in a clean and busy location and start making daily income. Motorists Groan As Construction Project On Lagos Ibadan Expressway Causes Gridlock, Nigeria Shelters 51,000 Cameroonian Refugees, Downloading of music, video, app, and games. Some wrongly claim that it is just a fancy way to describe a tailor. As always, consistency, determination and creativity is necessary to succeed in any business venture. Up till date, the price of rice is yet to experience a regulation. Juxtaposing the cost to setup a barbershop to the returns on investment, makes being a hair stylist is one off the most profitable businesses in Nigeria, as well as other countries in the world. This list would incomplete if rice farming isn’t started. Cold room and ice block production and sales. The whole point of being an entrepreneur is to find a problem and provide a solution to that problem. Home Business Top 10 Lucrative Businesses In Nigeria (2020) Business. A good number of customers would prefer this due to the comfort and convenience it brings. Even so, you can read our article on how to make money online to get more internet-based businesses. Millions of Nigerians have to eat to survive; therefore starting a farming business ensures profitability for years to come. You might already have a profitable business waiting for your exploration. Fastening your seat belt, as we cruise through some of the profitable businesses you can do in Nigeria in 2020. If you consider starting a business and maintaining it, then you have a great chance to make good money out of it. Most Profitable Small Businesses in 2020. Since we live in a society where several brands are aiming to increase their market share, an elegant and well polished image has become more important than ever for small businesses. When you start an online business, you’re most likely selling one of three things: Your time (coaching or consulting). Local farmers are still unable to meet up the demand for rice, which creates an investment opportunity to explore. Provided you have the technical know-how, time and transportation, then IT support is one of the most profitable businesses available for you. This article is written for those guys who are looking for low investment business ideas for 2021. Farmers are among the Richest people In USA and Australia. Top Profitable Business Ideas You can start in Nigeria In 2020 Canned food production:. Real Estate business. Food business. 1. It is believed in some quarters that this fairly used cloth serves them better. Profitable Online Business Ideas In Nigeria (2020) March 26, 2020 Soliu Jamiu Ishola Business Ideas, Internet 3. Another way to penetrate the market is to improve your skills. I will list out a few of such businesses. Additionally, while some repair jobs require a completely equiped auto shop. Nigeria currently has an estimated population of over 200 million people and what this means business-wise is that there is a big market … Tuesday, April 7, 2020 7:36 am | Business | 1 Comment(s) Rice farm. Unsurprisingly, three of such companies … Most Profitable Business Opportunities in Nigeria (2020) Updated on April 20, 2020 by Blessing Eji. 3. TOP 10 MOST PROFITABLE BUSINESS IN AFRICA 2020 #1. Potential investors will find this article useful because it is brief guide on profitable investments in Nigeria. In fact, it should be rank as no.1 most Lucrative business in Nigeria because we depends a lot on oil and gas in 50% of everything we do such as: We depends on kerosene or gas for cooking food, boiling water etc. profitable businesses in nigeria you can start with low capital – With the rapid decline in economic growth most especially during this period of worldwide pandemic which have resulted in to massive firing of the already employed individuals, looking for other source of income apart from white collar job has now become the other of the day. Irrespective of the most profitable business idea you decide to venture into, they have some things in common that we would like to enunciate. Nigeria is a country which is full of various natural resources and quality food. Monitor how quickly you turn those plans to the most successful business you’ve ever ventured into. Agriculture remains number one among other most profitable businesses in Nigeria. Even so, it is difficult for a small business entrepreneur to penetrate into such industries. Your email address will not be published. December 13, 2020. #EndSARS Protests: Is The World Watching? Obtain knowledge about government activities, as well as emerging trends in the current economy. by Olawale Abdul Sodiq June 20, 2020. Profitable Business ideas in Nigeria. Hence, making IT support one of the businesses in demand. Raising Funds Without Venture Capital or Bank Loans, Best Way to Start a Makeup Business in Nigeria, Best Way to Start a Provision or Grocery Store…, How to Start Recharge Card Printing Business: 2020…, How to Make Money Online in Nigeria (2020), How to Start a Real Estate Business in Nigeria (2020). 20 Successful Businesses You Can Do For Quick Profit In Nigeria. You can make it on a large scale here in Nigeria and still make millions if not billions yearly. With the increasing rate of unemployment in Nigeria, one will agree that starting up a business is the wisest journey to embark on. Don’t forget to share your testimonies in the comment section when that happens. Apart from that, you can also go into the installation of CCTV cameras and other security apparatus that can guarantee the lives and property of people. During the early days of becoming an entrepreneur, it is common to experience difficulty when deciding the kind of business to venture into. If going into palm plantation because of the cost and duration of maturity, you can be a major supplier if the product. Auto Repair. Twitter. This is a very lucrative business and is rated as one of the most profitable business in anywhere in the world. Or perhaps you are talented at branding businesses. Buying new clothes is a luxury these days. A good physique and some knowledge about fitness and physiology would send the signal that you’re an expert. Begin formulating plans that help you succeed, and implementing those plans accordingly. So if you didn’t find the business idea you came up with on this list, it doesn’t discredit its profitability. In view of the foregoing, electronic repair services is no doubt one of the most profitable small businesses in 2020. A successful business means meeting needs. Get helpful information on banks and how to resolve issues associated with banking services. This is a very lucrative business and is rated as one of the most profitable business in anywhere in the world. Here is a list of the 107 best small business ideas to start in 2020. That being said, here is a list of the 10 most profitable small businesses in 2020 that can be done outside the internet: We live in a society where more than half the population spend a good proportion of their time on electronic gadgets. Electronics Repair2. However, this may only be profitable in highbrow areas in Nigeria. You can market your work by doing a job without any formal request, contact the business owner and show it to them. And might not be the most profitable option for a small business entrepreneur. You need to do your research and evaluate the risks. 50+ Most Profitable Farming Business in Nigeria 2020. As you know, delta state is one of the Nigerian oil-producing states so involving in oil and gas services will be a money-spinning opportunity. The health benefit of the spa is one reason people in a place like Abuja will gladly pay for it. Since most people would want to get their gadgets fixed as soon as an issue arises. However, I must warn you this is not a get rich quick scheme. Then request for a fee in exchange for the work. All you works should have a unique touch of excellence that can’t be found anywhere else. Making the business official involves deciding the business structure, registering the business with the appropriate authorities and obtaining a business license, as well as doing other registration your business needs before commencement. Required fields are marked *. This you can package and sell to high-class people. Despite the abnormal price hike rice still remains the single most consumed food staple in Nigeria. This business thrives in Owerri and you can start as well. Security is a top priority world over and Nigeria is not an exception. The four steps below is only to serve as a guide which can be further elaborated. If you key into this idea, you can go into farming in Imo state. With the connection with the local farmers, you will buy direct from them and sell to the wholesaler if take to the city like Lagos or Abuja. You may also have to get a business licenses, and safety compliance standards. Due to the fact that this is one of the most profitable businesses in 2020, you may experience a little bit of competition especially if you live in a mega city. Online Business Ideas You Can Start Tomorrow. Whether you should transport goods or passengers, you are in for an outstanding result. Nigeria, the Giant of Africa. As always, you can also broaden your audience by offering you services online. Top 20 Richest Men in Nigeria and their Net Worth (2020). 4. The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. As expected, home service will be way better than when they visit your salon. Many people want to start profitable business, and usually, people start small before developing into something great. Best Online Business Idea: Start a Profitable Blog. By marcel February 24, 2020 BUSINESS 0 Comments. You should also know that Exporting Agro Products have a massive revenue base than just local marketing. Calling a fashion designer a tailor is like calling a physiotherapist a masseuse. There some rich clients that may prefer private sessions, even as they come to the fitness centre once in a while. Two of them served snacks and soft drinks the last focus on meals and soft drink. Published. Let’s dive right in! 5 Lucrative farming businesses in Nigeria . Asaba is home to some agricultural products like fisheries, tubers like yam, cocoyam, potato, and cassava. You can establish a security firm if you have the fund. The good news is you are most likely to make some money during apprenticeship. Since you have seen all the lucrative business in Nigeria in 2020. Even so, it also one of the most profitable businesses in Nigeria. For more profitable business ideas, follow NaijaGists.com mentorship YouTube Channel at Naija Mentor. This is a very promising profitable venture to invest on in 2020. Now you’re confident that you have crossed all the ‘t’s and dotted all the ‘i’s. Best Online Business Idea: Start a Profitable Blog. But if you act fast today , you will get my comprehensive ebook on importing for a token sum of ₦5,000 only. Provided you aren’t breaking any law. Having lucrative business ideas in Nigeria in 2020 has become imperative – for obvious reasons, there are no jobs anywhere! Oil and gas is one of the most profitable business in Nigeria many people are finding it difficult to understand. There have been a surge in demand for phone repair services in recent years. In my opinion, this business is one of the most profitable types of online businesses today. Many people would pay a premium for a mobile car wash service that came to them, instead of having to drive across town to access a car wash. Some people take videos of themselves detailing their daily lives as if starring in a reality show. In recent times, there is a rising necessity to live a healthy life. The state is known for its timber and palm oil. Now it’s time to plan out the logistics of the business with a well constructed business plan. You could also purchase your auto detailing startup kits from online wholesalers. Investment Banking; There is a surge in the level of investment coming into Africa from other lands. Women are also rapidly embracing haircuts that where once solely associated with their male counterparts and vice versa. It is a profitable venture as we have enough virgin farmland that can be a lease. Lewis Ray Post author. In all of this, those who know their onus will step up their game and make a profitable living. Exportation agricultural products. Call it dropshipping, profitable online businesses or making money online in Nigeria, selling highly sought-after products via e-commerce is the way to go for savvy, upwardly mobile youths in Nigeria in 2020 and beyond. Top 10 lucrative business ideas in Nigeria 2020 conclusion. Especially If technology comes easily to you and you’re a relatively patient person. 4. Most of these problems are minor but may seem big to an individual lacking technical skills. Many people want to start profitable business, and usually, people start small before developing into something great. You can cross the poverty line with a little patience. All time high agree with me that the fashion industry is one of the most businesses... Their cars lives as if starring in a gym your money this year make their or! Buy and sell to high-class people this people loving community other options compensate... Materials you doubt if they ate not new do in Nigeria will go beyond their community about possibility making. Called Okrika or bend down and select business 0 Comments go beyond their community think. The innovators never imagined it will also surprise you ; you can do online current economy market their.... 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