10 Profitable Business Ideas For Rural Area Residence In Nigeria 2022
This is a detailed guide on the Profitable Business Ideas For Rural Area Residence In Nigeria 2022.
Are you staying in a rural area and looking for a profitable business idea to invest in? We are still in the first month of the year, a lot of you are thinking of a Profitable Business Ideas For Rural Area Residence in Nigeria to start up as a main hustle or side hustle. so read on lets share some mind blowing ideas with you.
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When it comes to starting a new business as an entrepreneur, it’s advisable to venture into a business that is profitable, so you won’t end up wasting their capital. Be sure you pay great attention to your Return On Investment (ROI) which is the reason for going into a business.
However many people choose to relocate to the city to open a business but the truth of the matter is that you can also succeed doing business in rural areas, all you need is the right business idea and for sure you will get one after reading this article to the end.
Provision Store
The first on our list is Provision Store. This is one of the most profitable businesses to do in the rural area despite the fact that many rural dwellers are known for making attempts to produce their basic needs themselves (such as food and local clothing).
However, they will always need other things which they can’t produce all by themselves. Hence, you can open a store that sells regular products in a rural area and people will still patronize you.
All you need to do is to sell items such as matches, toothbrushes, toiletries, beverages, and so on. Just ensure you have direct links to bigger stores where you can get these products in bulk (which are cheaper), and sell them in your store for profit.
Barbing Saloon
Barbing Salon is another profitable business to start in rural areas because this is one thing rural dwellers will surely need help on. You don’t need much investment capital before opening one.
All you need is to acquire the barbing skills and this business doesn’t disturb other activities you might be doing in the rural community. Most of the rural dwellers go to their farms early in the morning and come back before nightfall to cut their hair.
Mechanic Shop
As we all know, vehicle owners in rural areas find it difficult to repair their vehicle when it’s faulty because they will have to take their vehicles to far places before they can find good mechanics to fix them.
All you need to do is to ensure you have the right skills before opening a shop so you can give nothing below quality service. However, you have to put into consideration the number of vehicle owners in your community and if the village is by a busy road filled with vehicular movements.
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Fashion designer
Fashion Designer is another good business to start in rural areas because people must wear clothes. You can make money by opening an outlet where clothes can be made and sold.
To attract them, you have to make sure your products aren’t too expensive, considering the fact that it is a rural area and most of your customers are farmers, petty traders.
Don’t forget that many rural dwellers are also traveling to big cities just to buy clothes. Let’s say you start a clothing store, and they are aware that your store is filled with good clothes of different types, you can dominate the area easily in that regard, as they will patronize you than to travel to the city to buy the same thing you sell.
TV/Radio/Mobile mechanic
As stated before, many people in rural communities now have electronics like television and radio. However, they can develop a fault at any time, and the people will need their items to be repaired by experts. Therefore, you can open an outlet that repairs electronics like televisions and radios.
Plumbing Shop
Plumbing Shop is another profitable business to start in rural areas, what you need is to acquire the skills and you can even make more money by training several other young individuals on the skill for a fee.
Computer training center
This is another good business idea because you will not only make money but also empower the people staying in the rural area with the knowledge of computer usage. For the fact we are in the digital world now, this is surely one major way to change their lives and conditions.
Electrical Shop
You can focus just on this if it’s the skill you are good with. Electricity is getting popular in many rural communities. However, there are times when issues could arise, and people will need a professional to help them fix their electrical issues.
Poultry/live-stock farming
Poultry farming business is another highly profitable business in the rural area and it does not require a huge amount of capital before starting up the business. All you need is to build poultry that can accommodate a lot of birds.
However, It is advisable before you can start a thing like this, you should ensure you first learn the ropes, so you won’t lose your investments. There is however a huge demand for poultry products, and this is a recommended business idea.
Transportation company
As we all know, the primary occupation of people staying in the rural areas is farming and they will be needing vehicles to transport their farm products to the city to sell, so this is where you can make a lot of money running a transportation business. All you need to do is to provide buses that can take them to and fro.
10 Profitable Business Ideas For Rural Area Residence In Nigeria 2022
