- Food Vending.
Food business is relatively lucrative. Believe me, everyone needs food to survive. Even the poor need food to survive. It is observed that one of the reasons some states did not encourage/support total lockdown during the heat of the pandemic was for people to have access to food and food items either in the market or in the farm.
As interesting and as seemingly simple this business sounds, there are important steps to take before going into this line of business.
a. Choose an area of specialization: You need to consider your food base business or your specialisation. It could be catering services, small chops, baking, restaurant, Ice cream production, fruit juice , parfait and mock tails etc.
b. Conduct thorough research on your niche in your environment. This is equally important. You don’t want to own a restaurant where there is a scarce population. You don’t want to bake in areas where it won’t be appreciated.
c. Ensure all your meals are irresistibly tasty. You shouldn’t trade this for anything. Everyone likes tasty meals.
d. Package your service in a unique and trendy way. OMG!!! Packaging is very important.
e. Make sure you always improve your service and you’re up to date on the current trends in your industry.
Above all, retain your clients/customers, engage technologies and don’t stop improving your service delivery. - Training Services
Training services have been gaining ground over the years. You can start online classes for business coaching, soft skills, digital marketing, photography, product and services training.
Before you start you have to do an inventory of the skill sets you do have and create a brand around it. Register your business legally and have the professional certifications for your fields. - Blogging
If you like writing you can start a blog. Currently, blogging is one of the most popular ways to make money. Blogging is the act of creating content for the web. You have to keep providing relevant content.
There are different ways you can earn from your blog like: google ad sense, affiliate marketing, sponsored post, banner ads, etc.
There are some important steps to take before going into this business:
a. Choose a name that reflects the niche you want to consistently blog on.
b. Get a domain name and web host for your blog or join a blogging platform
c. Launch your blog and start publishing. - Poultry Farmer
Poultry farming has over the years become one of the most lucrative businesses to start . You can rear different kinds of domesticated birds like chicken, ducks, and turkey for the purpose of producing meat, eggs, and feathers.
You will need to choose the type of poultry farming to engage in. - Make-Up Artist
Make up artistry has become one of the most lucrative businesses in this time and age. If you can create magic with make-up kits, then this could be the best business for you. This is the best time to start your own cosmetic brand as there are always parties to attend and there are no shortage of people seeking good make up artists and make up products.
To successfully build your business you need to build relationships with this kind of people. You can also partner with wedding oriented businesses like bridal shops, caterers, wedding consultants, and the likes. - Fashion design
The fashion design business has become a goldmine. So if you have a talent for designing clothes or knowing the next trendy outfit this business is definitely for you. To succeed in this business you need to find a niche study who your clients are going to be, set the right prices and make yourself visible both offline and online. - Photography
Photography has become more popular in recent years. If you’re good at taking pictures and want to get paid to do so this business is for you. There are lots of weddings, birthdays, pregnancies and social events going on and a lot of people want to keep these memories alive and pictures help them do that. There are important steps to take when venturing into this business:
a. Decide what type of photography you want to go into
b. Develop a business plan.
c. Buy your necessary equipments
d. Register your business legally
e. Star taking pictures. - Wig making
The hair business has been around for quite a while now. And is one of the lucrative businesses. Nowadays, you can hardly find a woman who does not own a wig or two. To get into the wig business, whether as the producer or reseller, you should at least have a little experience with hair. Most hair businesses who buy from the real suppliers get a 100% profit. This makes the hair business a very lucrative one to venture into. - Beauty services
As the pressure on women, especially women in Nigeria, to look perfect keeps mounting, beauty service is a good business to venture. The beauty industry is also a very large and varied one so you can pick a particular niche you are experienced in. Some of these niches are as follows :
- Manicure and Pedicure business
- Cosmetic Store
- Spa business
- Skin Clinic
- Beauty blog
- Tatoo business
- Eyelashes and nail studio
- Beauty consultant
- Perfume production
10. Thrift Store or thrift clothes
This is another name for “second hand wears”. In this country, there is a popular belief that used materials last longer than new ones.
Although government policy does not favor most importation businesses any longer, you are sure of recouping your investment from this fast-growing business within a short time. Sales of “Okrika” wears is a lucrative business idea in Nigeria with small capital.
More to come…
