Jobs are scarce in Nigeria today, and sometimes, if you find a job, it may happen that the salary paid will not be enough for you to cater to all your needs.
So, in order to avoid getting into too many debts, I have listed out different business ideas you can start with low capital and make a good profit in return rather than sitting at home doing nothing.
If you just finish your degree and you’re looking for where to start small so you can at least earn something good at the end of every month, Or maybe you are tired of sitting home doing nothing, or you are getting fed up attending several Interviews and yet nothing to show of it. Then I’ll advise you to read on as you might find any of these ideas useful.
Below are the lists of Profitable Business Ideas you can start as a low-income earner and/or Unemployed Graduate in Nigeria.
Rental Service
Running a Rental Service can earn you a reasonable profit considering the fact that this array of equipment you rent out are an essential aspect of every kind of event, party or occasion in Nigeria and this makes the rental service business a lucrative venture in Nigeria.
There is always at least one or two celebrations or occasions going on in your neighborhood every weekend with this you can tap into the situation by renting out your equipment and getting paid for it.
Things needed to start a rental service include considerable space where you can keep all the equipment, musical instruments such as a speaker, microphone and mixer, canopies, chairs, table, cooking pot, and generator, among others.
Rental businesses have long been a popular moneymaking venture in Nigeria, mainly because not everyone can afford to purchase equipment. Still, most people can afford to rent them for a day, two, or even for a week.
Email Marketing
Email marketing involves directly sending a commercial message, typically to a group of people through email. In its broadest sense, every email sent to a potential or current customer could be considered email marketing.
It usually involves using email to send ads, request business, or solicit sales or donations, and is meant to build loyalty, trust, or brand awareness.
Email marketing enriches business communications, targets specific key markets, and is both cost-effective and environmentally friendly.
With email marketing, you can easily and quickly reach target markets without the need for large quantities of print space, television or radio time, or high production costs.
Essential Tools Needed to start Email Marketing service includes A Laptop, Email Extractor software (Mostly they are paid software), a modem for Internet connection, Email marketing software, etc.
Affiliate Marketing
Affiliate marketing is performance-based marketing in which a business rewards one or more affiliates for each buyer or customer brought by the affiliate’s marketing efforts.
The reward comes in the form of a percentage for selling the company’s products.
Affiliate marketing gives you the opportunity to earn a commission by selling products or services offered by other companies.
It’s a great way to supplement your income. Fortunately, it’s also easy to become an affiliate for companies that are household names.
This type of business can be done using online methods or the traditional way of marketing goods and services. It’s essential you stick to selling products or services that you’re familiar with. This will help you to provide detailed information about the goods or services.
Makeup Artist
Like other artistic professions, you also need to undergo a series of training before you can become a professional Make-up artist. Some training takes up to 3 months while others go beyond that, especially when you are adding Gele tying (head-gear) and other beauty skills to it.
This profession is fast becoming one of the most sought-after ventures for Nigerian ladies as its more of like getting paid for what you love doing.
As a makeup artist, you can make over 120k per month depending on 4 basic things which are; your location, how good you are on the job, how well you package the business and your customer service.
Cake baking
To be an expert in this business then, you’ll have to learn from the Pros in the field. Cake baking and sugarcraft is, without doubt, a very good business that can really earn you a living, a real good living for that matter. An average wedding cake in Lagos now costs up to #80, 000 and aside from weddings, cakes are also used for graduation, anniversary, and Birthdays in fact, “it’s no cake, no birthday” for some Nigerian kids. So u can see that the taste/quest for cakes is now far better than what it used to be
Football Viewing center
At the moment, if there is a business that is not struck by the current situation in Nigeria, then the viewing center business will definitely be one of them. The love for football in Nigeria is growing day by day and watching football has gone beyond being a guy’s hobby to what ladies now see as passion-able too.
An average viewing center operator in Lagos charges #100 per football match that lasts 90 minutes, and every weekend (Saturday and Sunday) you can have at least 5 live matches to show; with this business, you can pocket more than #70,000 every month if you have a good location. But before you venture into this business, kindly ensure you did a thorough feasibility study of your location of choice.
GSM Phone Repairs
With the emergence of different video tutorials and learning books that teach how to become a phone, an engineer has made the profession a pool of ventures that unemployed graduates can tap into to make money for themselves.
An average phone engineer makes over #3000 naira per day, which amounts to #90, 000 per month. Just get one of these phone repair tutorial packages or undergo 3-month training, get space for yourself, get all the necessary tools needed, package yourself up and start making money.
Photography
A single picture speaks more than a thousand words. Even with the emergence of digital phones that have a good camera quality. The importance of having a printed copy of pictures of our past occasions is still vastly cherished in Nigeria.
Photography has become easier these days with the help of some quality paparazzi cameras and photo editing software which can make the outcome of every snap you take spotlessly cute. With good packaging, the photography business can earn you over #40,000 per occasion and of which you can have 3, 4, 5, or more occasions per month.
Laundry Service
Laundry service is one business venture that have been around for a while, now the business has grown to become even less stressful with the help of a sophisticated laundry machine which is now more affordable. With nice packaging and a good location, this business can really fetch you good fortune.
Event Planning
People are more glued to their business these days that they most times forget they have an important event to plan for. This is where you come as an event planner to save them from the headache of balancing between their work-loads and their upcoming event. Of course, everybody wants memorable events but at the same time, they don’t want to get distracted from their work. As an event planner, your function is to take charge of the event, making sure it met the client specifications and getting paid for it.
Recharge Card Printing
One of the businesses that are not affected by the current recession in Nigeria is the Recharge card business. Research shows that the amount spent on buying recharge cards by Nigerians is over #400 billion nairas per month. This business is actually one you can start with very low capital and then grow with time. If you get your networking and marketing strategy well, coupled with a good location where you have low competition, then this business can get you to your dreamland.
Blogging
In 2018, blogging about a variety of hot button issues is seen a trend because there is a larger online community, both in Nigeria and abroad, eager to learn about various subjects.
This is a market that entrepreneurs can target. Online blogging also makes money through a variety of legal strategies, such as display ads and sponsorships.
As a result, when done effectively, blogging can lead to a sense of fulfillment as well as financial gain.
Franchising
If you have the financial means, you could consider becoming a franchisee for a well-known national or global brand. This could help your service offerings gain more attention, and you could create jobs for others.
All the while, you will be preserving the legacy of your affiliated brand and making money.
Acquiring a franchise could also provide you with enough training to launch your own business and you will remain self-employed for the rest of your professional life.
Connecting to your roots:
Strange as it may seem, returning to Nigeria’s primary profession of agriculture is among the easiest strategies to ensure self-sufficiency and self-employment.
Agriculture has recently received a much-needed push in the shape of agritech firms, which offer technology-driven ideas aimed only at sustaining the profession and those who practice it (farmers).
If you possess agricultural land, think about what you could grow there; you could visit specialists and get helpful advice.
Educator:
Being an educator does not necessitate having a doctorate in education; you can be an educator by simply sharing unique stories of bravery, inspiring others, and spreading optimism.
The advantage here is that you could use the internet to do all of these things without ever leaving your house.
TED conferences are also a great way to share inspiring and unusually positive stories with the rest of the world..
You can start your personal YouTube (or even other streaming video network) channel and cover a variety of topics, including academics.
Read: Most Lucrative Businesses in Nigeria
Other Business Ideas for Unemployed Graduates
- Start a YouTube Channel
- Online Translator
- Local Tour Guide
- Music Instructor
- Stock Photographer
- Ghostwriter
- Online Subcontracting
- DJ-ing
- Clothing Alterations and Tailoring
- Teach DIY Projects
- Baking
- Being a Task Rabbit Handyman
- Freelance Content Marketing
- Freelance eBook Writing Business
- Investing Your Money
- Investing Others’ Money
- Accounting and Bookkeeping
- Building a Niche Website
- Car Washing and Detailing
- Caregiving Business
- Carpet Cleaning
- House Cleaning
- Child Care
- Computer Repair Business
- Modeling
- Computer Training and Lessons
- Contract Customer Service
- Dog Walking Business
- Real Estate Sales Consultant
- Making Custom Furniture
- Making Handmade Jewelry
- Being a Gigwalker
- Home Appraisal Business
- Human Billboard
Good luck!
Leave your comments below.
I enjoy Affiliate marketing and yes it’s not dead. I would recommend it always to beginners but they should target digital courses more to order to make sales.
please, I want to start a card printing business but don’t know how to go about it