The first quarter of the year is gone and another quarter is already in progress, new businesses have sprung up, while some has closed due to various reasons which will be discussed in another article

The business ideas listed in this article will be very good as limited amount of financial resources will be required to begin.

The good thing about 2018 is,  a lot of people will find new, creative ways to do old businesses, and reinvent new ones going forward.

7 Profit Making Business in Nigeria

1. Agriculture business ideas

The down fall in the international price of crude oil has made the Nigerian economy suffer a great hit . As  various companies continue to downsize and cut salaries of her staff, the country itself is moving towards other revenue streams. It’s of no surprise that agriculture is the next big thing in Nigeria, and with people losing their jobs and businesses failing, one lucrative area to invest in is farming which is been seen as one of the ways to boast the economy.

some profitable agricultural business you can start includes; Fish farming, cassava farming, poultry farming, grain farming and tomatoes farming.

you can start using a small plot of land and increase overtime as revenue streams improves or acquiring government grants.

2. Social media consulting

Social media consulting will be very good business in 2018. As a lot of business are realizing the benefits of social media and will be looking for experts who will help establish their business brand on social media.

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As the elections are fast approaching, many politicians will be looking for brand influencers who will help them win their political battle because, like it or not, it’s all going down on social media.

If you have not done so, learn as much as you can about social media marketing. start establishing your own business brand on social media and make your cool money while working from the comfort of your home.

3. Real estate business

Every year is a good year for real estate business. 2018 will not be an exception. The major drawback in real estate business is the amount of capital it requires for startup. Real Estate Business is one of the most profitable business that anyone can do; in fact, To some, they go into this type of business as an investor while others will actually start a real estate business as an agent.

in making sure you succeed here are the important steps you will need to operate a real estate business in Nigeria.

  • Decide on the type of real estate business sector you want to get into
  • Get the necessary government license required
  • Knowledge is power, educate yourself
  • Develop a business plan
  • Create a marketing strategy
  • Embrace technology – Create a website to showcase your property
  • Budgeting play an important role – Create a realistic budget
  • Network with others in the same industry
  • Advertise in the industry advertising platform
  • Develop customer loyalty

4. eCommerce

Ecommerce is a booming business. Building an ecommerce business takes more than choosing a brand name, writing product listings, and starting to sell products online. Even the best business ideas can flop if you aren’t driving enough traffic to your site.

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Make sure you get the right persons needed to develop your ecommerce website, manage your products and shipping as well. Here are 10 steps you should note when starting an ecommerce store

  • Step 1Build From The Ground Up
  • Step 2Find Your Niche
  • Step 3Choose the Right Platform For Your ecommerce Business
  • Step 4Design Your New ecommerce Business
  • Step 5Set up your Payment System
  • Step 6Tackle Abandoned Carts & Other Important Issues
  • Step 7Choose Payment Options
  • Step 8Determine Shipping Costs
  • Step 9Be Mobile Friendly
  • Step 10Get the Word Out with Digital Marketing

Remember, you’ll never be successful if you never try.

5. Logistics/Courier business

The increase in eCommerce businesses has open doors for more delivery/courier companies to emerge. If you are shipping goods from Abuja to Lagos, someone has to deliver them.

Cost of shipping is a hindrance to eCommerce business in Nigeria. More delivery companies will provide healthy competition, forcing down prices. This is a good thing. How to start a small courier company? Read this article.

6. Digital marketing

Make your choice: blogging, freelancing, information marketing, affiliate marketing, there are plenty. More people will make more money online this year  than they did last year. It is no longer a secret that people make full income on the internet.

If you’re looking to break into the digital marketing industry, there’s no better time than now.  the digital economy is growing 10 times faster with a lot of people engaging in it one way or the other as its a source of employment for the youth in the county .

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7. Apps development

Mobile smartphones are been used millions of people in the country. One of the best ways for your business to stay relevant is to give people easy access to your online platform and that is creating an app for your business.

There are literally millions of apps on google and apple playstore and many more are coming up everyday. The app development business is booming for very good reasons.

If you don’t have a business to develop an app for, you can still make money planning and developing apps for existing businesses, look for clients to develop applications for and then make money from it.

Conclusion

These are not the only businesses you can do; there are plenty more. There are other lucrative business ideas I may not have mentioned. Whichever one you choose to do, plan for it very well and stay hopefully cos Rome wasn’t built in a day.

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