Guide On How To Make 200k Monthly In Nigeria : Are you considering starting a business in Nigeria, but aren’t sure where to begin or which firm to invest your money in? Well, given the country’s robust economy, there are a number of small company ideas that can earn a lot of money in a short period of time.
You may put your money to good use by investing in one of these top Nigerian business ideas and be sure of a quick return on your investment.
Rather than a few randomly chosen garbage businesses, this list of Nigerian business ideas is comprised of time-tested, carefully selected, high-performing enterprises you can stake your hard-earned capital on and be guaranteed of making a profit. In the present and beyond, these businesses are up to date and relevant.
- FAST FOOD RESTAURANT MONEY MAKING BUSINESS IN NIGERIA
One of the most profitable businesses in Nigeria is owning and operating a restaurant. In general, the initial capital required for this type of business is low, however it varies greatly. The type of customers you want to cater to and the number of people you want to bring to your restaurant are the two most important factors in determining how many people you want to serve at your establishment. A modest start-up budget may be sufficient for businesses that cater to low-income clientele.
Simply finding a busy neighborhood to open your restaurant and then working on making it appealing to customers is usually all that’s required in most circumstances Some of the most popular restaurants in Nigeria are located in the cities of Lagos, Abuja, Wuse, Garki, Kaduna, Ibadan, Kano, and Aba. It’s no surprise that the firms in these regions are in high demand because of their size and prominence in Nigeria.
- MAKE MONEY WITH WEDDING / EVENT PLANNING BUSINESS IN NIGERIA
In Nigeria, wedding and event organizing is one of the most profitable businesses. Regardless of the size of the event, planning and preparations are always important because families, corporations, and organizations engaged may not have the time. In Nigeria, starting a wedding or event planning business is rather simple, and all you need is some expertise, an education if necessary, a strong network, and a creative mind to get started. Start off with just $20,000 and plan an event that might bring in as much as $100,000; all you’ll need is the right equipment and the ability to build relationships with your customers, and you’ll be on your way. Start-up costs are minimal and there is no need to have any previous experience to get started. For anyone looking for a business they can start making money in under a month, look no further than this lucrative one.
- MAKE MONEY WITH school BUSINESSES IN NIGERIA
Nigeria’s private school industry is booming, thanks in part to the country’s high birth rate of new students. With an ever-increasing number of children being born each year, there is a need for more nursery, primary, and secondary schools to accommodate them, especially in urban areas like Lagos and Abuja, where the number of children has grown significantly in recent years. All you need to do when starting a personal school business is choose a land in an ideal location, erect your building, equip your classroom, and employ qualified staff. Depending on the circumstances, you may be able to generate a sizable profit within a few years of beginning your school.
- SNACKS / MINI-SUPERMARKET AND BREAD MAKING BUSINESS IN NIGERIA
An enormous market exists for baked goods and snacks in Nigeria because Nigerians love them so much. There are many different baked goods that can appeal to a wide range of demographics, such as chin-chin and other snacks that can be enjoyed by both men and women of all ages and religions. It‘s critical to come up with a clever market plan that will allow you to make a lot of money in the long run. It is possible to make a lot of money by starting a bakery and snack business in Lagos and Abuja, which are both thriving cities with a lot of potential customers. This business is typically very easy to start out with only a small amount of capital required, and it can be very lucrative to offer delivery services, teach apprentices how to make snacks, cater events, and distribute packaged foods.
- MAKE MONEY WITH VIDEO AND PHOTOGRAPHY BUSINESS IN NIGERIA
In Nigeria, there are constantly parties and occasions that necessitate the use of photographic services. If you’re willing to photograph wedding receptions, birthday parties, and other social gatherings, you can earn as much as N30,000 per week or $120,000 per month as a photographer in Nigeria. A small amount of money is required to get your photography business off the ground, but you’ll need digital cameras, a laptop computer, a studio light, a printer, and other tools to do a good job for your clients. Getting your photography business off the ground in Nigeria can be as simple as taking a course from an experienced instructor and raising the necessary startup capital.
- MAKE MONEY WITH ALTERNATIVE POWER SUPPLY BUSINESS IN NIGERIA
For investors, the country’s weak electricity supply has created a profitable economic opportunity, especially in solar energy generating, given the country’s dire need for more alternative energy sources. Solar energy generation is one of the easiest small businesses to start in a country with a population of over 170 million people, diverse sectors, and active companies. All you need to get started is capital and a license to generate solar energy, and then you can run your alternative power supply business and provide services to large institutions like hospitals, schools, and banks. Start your own alternative power supply business and begin making additional money within the first month.
- SMARTPHONE MONEY MAKING REPAIR BUSINESS IN NIGERIA
According to Wothappen.com, there are about 200 million mobile phone users in Nigeria, and the average Nigerian owns two or three devices, making the smart phone repair business one of the most viable small companies to start. Many people now own numerous mobile phones, thanks in part to the low cost and wide availability of these low-cost gadgets. As a result of the causes described, there is a ready market for smart-phone repairers, and starting a mobile repair business for love or money between $20,000 and $150,000 is rather simple. To get started, you will need to buy tools, training, a shop and business registration as well as a laptop for phone software repairs. Depending on the type of smart phone repair business you want, you may be able to make a lot of money in the first few months of your business.
- MAKE MONEY WITH RECHARGE CARD BUSINESS IN NIGERIA
GSM phone calls cost an average of #6,000 a month for every Nigerian, which means that the average Nigerian spends more than #300 billion on recharge cards each month. According to this data, starting a recharge card business with a little capital of just $10,000 can lead to a monthly income of up to $200,000, making it a realistic business to consider.
