Top 20+ Service-Based Lucrative Business Ideas you can start in Nigeria

Thursday, 28 August 2014

Are you interested in investing in Nigeria?

Are you a professional that have service to render?

If yes, I’ve compiled top 20+ service-based business ideas you can start in Nigeria today. All of them are very lucrative and can fetch you millions especially if you do it well.

These ideas were tested by a number of business analysts and certify being profitable. I implore you to take a keen analysis on each of the business idea to discover which one will be suitable for you to start.

1. Day Care Center


About: This is otherwise called “the business of child care”. Do you love playing with kids? If yes, starting a day care center will be very suitable to you. At any level you’ll want to operate, it involve giving care to children for their parents.   

Demand and Prospect: Yes! As more and more parents are becoming career people on daily basis and they are now faced with two major challenges: (1) keeping to their jobs and (2) being better parents (raising kids). Therefore, there are increasing demands for top quality child care provider across the country.

Business Requirement: Anybody (men and women) can do this business. You don’t need to be a graduate to excel in day care center business. Of course, if you have a certain level of child’s care training, you’ll get an edge in this business.   

Amount you can make: The amount of money you can make from this business idea really depends on your business capacity, professionalism and experience.
This might be a nice business to start!!!

2. Beauty Salon

About: Beauty salon business is one of those business ideas that will never fade out. People will always want to look good, therefore conscious business people makes money for making other people look to good. Simple! 

Demand and prospect: This business cut across diverse spheres from hair dressing, barbing, costumes shop, pedicure / manicure, make-up branding. This is hot!!! For instance, after analysis, I discovered that a single university girl in Nigeria spent an average of N5, 000 or more keeping their hair, nails, and other make-ups. You can exploit this market today.

Business Requirement: You need a basic training to be effective in this business. A big high-five if you already have a bit of training in this. So, you can just start it. You’ll need a shop in a booming business location and capital to fund your business

Amount you can make: The amount of money you can make from this business idea really depends on your business capacity, location, professionalism, customer relationship and experience.
This might be a nice business to start!!!

3. Laundry Service

About: Washing cloths and house-keeping have become a big business today. It’s all about providing a service of washing people’s cloth, ironing them and getting paid. Washist.com invested 8 million Naira to take laundry business online. This business idea is getting bigger and bigger on daily basis. 

Demand and Prospect: Everyone needs to where clean cloths and very few people have the time and expertise to satisfy their daily laundry and housekeeping needs. Perfectly this business has a good return of investment (ROI). In major cities in Nigeria, career people spend over N10,000 in laundry services each month. 

Business Requirement: This business is relatively easy to start, even if you do not have any experience in the industry. Depending on your level of operation, you might need a shop and a little capital for washing machine and other laundryequipment.    

Amount you can make: The amount of money you can make from laundry business depends on your business capacity, location, professionalism, customer relationship and experience.
This might be a nice business to start!!!

4. Tutorial / Coaching Classes

About: Are you an expert in anything? Are you willing you transfer your knowledge to another? You can earn big monthly wage if you open a tutorial / coaching center. Here you simply make money teaching, coaching or training others. Depending on your level of knowledge, you can teach anything raining from sports, exercise, mathematics, business training etc. 

Demand and Prospect: People will always want to learn new things, increase their level of knowledge to enhance their survival. So, if you know what they don’t know, you can make money teaching them. This business is evergreen and will still rock till the end of time.   

Business Requirement: You need to know something or anything to do this business. What you need to do is to research on the regulatory requirement needed to start this business. Acquire the needed tools and rent an office that you’ll use as training contact point.   

Amount you can make: The amount of money you can make from coaching business depends on your business capacity, professionalism, location, customer relationship and experience.
This might be a nice business to start!!! 

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5. Real Estate Agent

About: Conscious business people make serious money in real estate. This business is all about investing in real estate at any capacity and you’ll enjoy the new-zero risk. As a real estate agent, you are simply looking for available properties and present them to clients. Here you are paid by commission.

Demand and Prospect: Real estate niche is always hot as people migrate from one location to another inevitably. People will always become tenant somewhere even if they have their own hose elsewhere. So you can make money from them by finding them a house in their location of choice.

Business Requirement: Interestingly, you do not need any special training or expertise to become a real estate agent. All you need is a Smartphone that will help you store your contacts and appointments.  

That’s it. These service-based businesses are hot in Nigeria today. Try any of them and you’ll be glad you did.

6. Magazine Publishing 


Magazine publishing business is very profitable because there is a huge margin between the production cost and the recurring sales amount. In magazine production, income is from three ways; you sell spaces for advertisers, sell the magazine to readers and /or get money from subscribers. Also, the market is never competitive because information is always unique to a particular author. See how you start magazine pushing in Nigeria.

Others include;

7. Courier services  

8. Event Management

9. Video Production / Editing Services 

10. Water Supply Services 

11. Block Molding Industry

12. House Painting 

13. Make-up Artist 

14. Interior Designer 

15. Web Designing

16. Blogging 

17. Pet Breeding 

18. Catering 

19. Musician

20. Security Agency     



Your Thought!

Do you have any top business idea not mentioned here? Or, do you have any experience with any of the aforementioned service-based business? Kindly share with us in the comments below. Also feel free to ask any question you might get as a result of reading this article.

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