Wait...This is not a get-rich-quick blabbing
you might have heard before. What you are about to know now id a goldmine. Don’t
pay me for it; simply share it with
friends and invite me for a dinner party when you are successful.
[Read: 13Great Sources of Capital to Finance your Business]
[Read: 13Great Sources of Capital to Finance your Business]
I’m not
talking about forex here; rather, I’m talking about top 4 businesses that rock
in Nigeria today. Yes! These businesses require less than a hundred thousand
naira to start while you can recoup your whooping 1Million naira or more in
just six months interval or less.
These ideas
have a new-zero loss percent, meaning that the profit potentials are very high
especially you are good at it.
Disclaimer: Please note that every
business involves risk and a good business person is responsible for any risk
that might arise from it and must be ready to take it. Hope there’s no
gentlemen here, because we are ready to get our hands dirty so far we can make
more money legitimately. If you don’t like this, better go and work a white-collar
job (if is still available).
Don’t forget
our target is to turn N100, 000 or less to 1Million Naira in six months period.
This is a project. Isn’t it? It’s very much achievable and I will show you
how.
Are you up
to speed? Ok, let’s get started...with a different approach.
1. Move Seafood from Southern Nigeria to Eastern Middle-belt and Northern Nigeria.
Wow! This
business is superb. The southern Nigeria is naturally blessed with diverse
species of sea foods ranging from fishes, crayfish, snails, oysters, periwinkle
etc. These sea foods are special ingredients to our day-to-day meal here in
Nigeria and they are fairly cheap in the South South Nigeria because that’s
where they are produced. The story is not the same in other part of the country
like in Abuja. You can use as less as fifty thousand naira (N50, 000) to start
this business. Simply visit places like Oron, Ibaka, Ibeno or Itu in Akwa Ibom
State, and buy amply quantity of fish, crayfish or other sea food products at
cheaper rate. Transport them to other parts of Nigeria and sell them triple the
cost price. A whole basket of dried natural catfish is about N40,000 at Itu and
you can sell this same quantity in Abuja and make over N150,000. The profit
margin in this business depends on your sales location. Hope you’ll not tell me
you are a graduate selling fish. You can make this a big business and employ
people to work for you. This is a tested business but we’ve leaked it to you
now.
How to start: locate a local market around
you and make some enquires and market survey about your chosen seafood
products. Make a first business travelling to strategic fishing ports in Akwa Ibom
and do your research too. Compare the prices and work out your gain excluding
transportation and begin it right away.
If you have
a business mindset, it won’t even take you up to six months to make up to
1Million naira. You’ll hit the target in about 9 to 10 business trips. Here you
go! Remember to tell us how it goes.
[Read: 14Proven Ways to Identify Top Lucrative Business Ideas]
[Read: 14Proven Ways to Identify Top Lucrative Business Ideas]
2. Move Agricultural Produce from Northern, Middle-Belt to Southern and Eastern Nigeria
This is
almost opposite to point (1) above. Because of petroleum exploration in the
Southern part of Nigeria, agriculture seldom thrives in that region. Because of
this and many other reasons, most farmers in the Southern part of Nigeria
resort to subsistence farming that cannot even cater for the families. Yes, the
southern part of Nigeria produces fish and crude oil, they have more money, but
they don’t have enough food such as rice, beans, yam, goats, maize, garri
etc. For instance in Akwa Ibom State, all the aforementioned food products are
brought from out the state majorly from the Northern part of Nigeria and
Middle-belt region. Have you realized
this yet? You can exploit this
market and make millions from it. According to personal interview I did with a
garri dealer at Akapnandem market in Uyo,
He said that he make over Three hundred
Thousand naira (N300,000) as gain from one single trip from Koggi to Akwa Ibom State.
Although, this business travelling is a bit cumbersome, the gain is enough to
satisfy the merchant. This might be a
nice business to start!!
How to Start: locate a local market around
you and make some enquires and market survey about your chosen food and
agricultural products. Make a first business travelling to strategic food
markets in the Strategic locations in Northern Nigeria and Middle-belt region
such as Benue State and do your business
research too. Compare the prices and work out your gain excluding
transportation and begin it right away.
3. Move Palm Oil from Southern Nigeria to Eastern, Middle-belt and Northern Nigeria.
Oh! You don’t
know? There’s no fruitful palm tree in Kaduna and environs except it’s a flower.
Yet, they consume palm oil in their diets. Consumption of Palm oil is inevitable
if you consider the nutritional benefits. It’s a potent source of vitamin A in
the diets. Very few people, mostly local market women, are the one exporting
palm oil from where there are readily available (Southern parts of Nigeria) to
the Eastern, Middle-Belt and Northern Nigeria. There, these pal oil are used
for various purposes – food and as raw materials for production of other processed
foods and dairy products. There’s money here! In the rainy season, 20 liters of
palm oil is sold at about three thousand Naira (N3,000) in Akwa Ibom State.
From my market analysis, this same quantity is sold at N5,000 at Aba State, N6,000
at Anambra State, N7,000 at lagos, N8,000 at Abuja and N9,000 and Kano. The net
profit starts at N2,000 depending on location of sales. A single lorry trip
contains about one hundred 20-liters rubber of palm oil. So depending on the
location you want to make your sales, a single trip can fetch you like three
hundred to four hundred thousand naira (N300,000 – N400, 000), after settling
for transportation. This might be a nice
business to start!!
How to Start: locate a local market around
you and make some enquires and market survey about palm oil supply. Make a first
business travelling to strategic palm oil mills in the remote villages in Akwa Ibom
and do your research too. Compare the prices and work out your gain excluding
transportation and begin it right away.
4. Supply Building Materials to Various Construction Sites
Hey! This
particular business has been monopolized by very few business tycoons for
years. Don’t worry because I am leaking it today. You can make upto hundred thousand Naira (N100, 000) in a
week from this business. You can even make more than that if you apply
professionalism (bring education to bear). Building materials especially sands,
gravel, stones, granites, cements, rods, PVCs, tiles are always in high
demand in every construction site. You don’t have to be a mega dealer of these
materials to make money from this
business. Also, you don’t need to
own a tipper vehicle or a delivery van before you join this business. The good
thing is that all these things; lorry, loaders, vans are rentable. You can rent
them to do your delivery services. You can buy a trip of sharp-sand for N6, 000 depending on source and deliver it at the rate of N10, 000 – N11, 000 making a gain of N4, 000 per trip. If you can make up to 20 trips per day – you’ll go home with nothing less than N50, 000 after paying like N30, 000 for
the truck. You can use less than a hundred thousand naira to start this
business while you can make more than a million naira within six months of
starting it.
How to Start: Simply develop a stong
business model in this niche and add a bit of professionalism to it. If you are
a graduate – better. Start your business research in this area, make valuable
contacts – contractors, building material dealers, machinery rental services
and make enquires. After that, register
your business name and print a business card. In this business, you just
need only one supply contract and you are good to go.
5. Start Selling Online
This is
awesome and it the rocking trend in Nigeria and globally. Recently, the world
largest online payment gateway – Paypal started accepting Nigerian to her
e-commerce platform. Do you know the implication of this? Very soon common
bread will be bought online as it is done in the US, UK and so on. Are you a
shop dealer or you want to start? Consider creating and online store. By
selling online, you’ll reach wider customer coverage and leverage on the available
internet technology to enhance your success. I will deal with this topic in detail in a separate post. This will form the basis of our future
discussion on “How to Start Selling Online in Nigeria”.
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