Daily Income Businesses In Nigeria – The business landscape in Nigeria is vibrant and full of life, and the Nigerian market is no doubt saturated with lucrative opportunities that you can take full advantage of. Some of these opportunities are Lucrative Daily Income Businesses In Nigeria you can dive into.
There are business opportunities in Nigeria that can bring you profitable daily income, These businesses have the capacity to generate millions of revenue.
Whether you are a 9-5 worker or a business owner, having a business that brings you daily income is nothing but liberating.
Lucrative Daily Income Businesses In Nigeria is one the only sure type of business on the planet where you get paid for shopping, services and purchase throughout all the days of your life.
In daily income business, it is advisable not to be skeptical because of your initial and unsuccessful businesses you have done in the past, and had a closed mind towards the business model.
How To Start a Daily Income Businesses In Nigeria
The decision to start a Daily Income Businesses In Nigeria is one of the best decisions you will ever make. Some shared their experience when they started they just did as a trial, but seriously speaking they have earned more money than they could ever dream of happening in this business.
It’s no longer news that the economy is undergoing restructuring and a lot recently lost their means of livelihood. The question is, if your main source of Income Stops Today… How Long Can You survive without a crisis
To start this business, all you need to do is working with very successful people who are already making huge recurring Income in the business and are ready to hold you by the hand, work with you and help you grow your income to an extent your average income will be extraordinary.
Would you prefer to meet Daily income businesses? Here are the 30 Authentic Lucrative Daily Income Businesses In Nigeria you can do anytime soon.
Lucrative Daily Income Businesses In Nigeria:
These are the authentic list of businesses that can generate income daily in Nigeria:
1. Food Supply Business
The food supply business is a lucrative one with a lot of people making it from the business.
The business involves buying and selling of food stuff in demand. You buy at a cheaper rate, sell at a higher rate and the rest is up to you. That include managing your fund, scaling the business and other management activities.
If you are interested in making money through buying and selling of food stuffs in Nigeria then read this article, it will serve as a guide on how to start.
How To Start Food Supply Business in Nigeria
- Write your business plan
Writing a business plan is always the first step as it serves as a guide to which direction your food supply business is going to.
It contains the necessary information for your business to survive, especially the cost. Remember that proper planning prevents poor performance.
- Choose The Item To Sell
The second step toward starting this business is making a choice on the food item to sell. There are a lot of items to sell. You can go for beans, maize, guinea corn, soya beans, yam, cassava etc.
If you go for a product that you can’t easily find a buyer then you are going to find it really hard in the business.
- Learn The Trade And Choose A Location
You might think the business is easy but it is not until you know it in and out.
First of all, you need to get close to someone in the business. doing so will get you to know the market you can the product are rate you would sell to make gains.
You will also learn the tricks associated with the food business. Every business has a trick associated with it and this business is no exception.
- Start Marketing
After the steps above, you can then buy the items you want to sell and stock it after that, you can start selling.
Marketing is at the top of this business. usually, when you are doing the business on a large scale, you will need a vehicle to transport the goods from the market to your store and then from your store to your clients.
2. Poultry Farming.
Poultry farming is the process of raising domesticated birds such as chickens, ducks, turkeys, and geese for the purpose of farming meat or eggs for food.
Poultry Farming in Nigeria is probably one of the most lucrative farming business you can do. The quick maturity of chicken presents one of the finest opportunity for entrepreneurs to make good money within the shortest period of time possible.
With over 160 Million consumers in Nigeria alone, the market is always there waiting to be tapped.
The demand for poultry products such as eggs is so high that people go about every day looking for where to get the supplies needed.
3. Catering Business
This business is lucrative because people would always need food. If you are passionate about cooking, then you need not waste any more time.
Turn that passion into a daily income business that can bring you financial freedom. From weddings to birthdays to events, the list is endless.
There is a huge market out there waiting to buy from you. It is important to build a strong relationship with your customers and also provide good customer service.
4. Rice Farming.
Nigeria is the largest producer of rice in West Africa and the third in Africa after Egypt and Madagascar producing about 3.6 million metric tons on the average annually.
Interestingly, Nigeria still falls short of meeting its local demand which is placed at about 5.5 million tons.
Considering the fact that Nigeria has a huge market for rice, if you are looking for a lucrative agricultural business idea in Nigeria, you need to seriously consider entering the rice farming business which is undoubtedly one of the most profitable businesses in the Nigerian agricultural sector.
5. Data Reselling Business
Data reselling business is not a new business model. This business is the type that generally, requires a small amount of money as capital, but a significant amount of profit.
Data Reselling is a business model in which an individual buys data bundles in bulk and resells to consumers in small quantities for a profit.
Nigeria has four major telecommunications companies which are Airtel, Glo, MTN, and 9Mobile. However, MTN has the largest coverage in Nigeria due to the large number of internet users especially youths who use their service.
MTN sells 1GB for ₦1,000 and 1.5Gb for ₦1,200. As a data reseller, you can get 1GB MTN data for as low as ₦450 and sell them for ₦600 or more. A data reseller can purchase such data at a cheaper rate and sell it to his customers at a higher rate and makes money from the markup.
6. Provision Business In Nigeria
A provision store is a retail outlet where goods such as food items and other consumer goods are sold. It is one of the lucrative businesses you can engage in out there and make you some money.
It involves the game of buying in bulk, that is at wholesale and sell at a retail price which is a bit higher compared to the wholesale price you bought the goods at.
How To Start Provision Business
- Do your research and plan
Research is very important in starting this business. You need to know how competitive it is to start this super-market business. You can’t open a provision store in an area where a lot of them exist except of course if you have your own unique way to attract customers.
- Getting the shop and equipment
The next step is getting a store. It should be in a populated area where you know people are interested in the goods you are interested in selling.
After getting the store, get a carpenter to construct shelves, tables and chairs you will need. Made sure he uses quality wood to save you the problem of replacement in the future.
- Buying your goods
The success of your business depends on how much you buy your goods. You have to research well on the goods that will help make profit for the store and locate the market where you can get these goods as a relatively cheap price.
Needless to say, you are buying in wholesale and not at a retail price and as such, you are assured of a profit if you had done your research well.
- Record Keeping
You need to keep record. Record of everything from what you buy, to what you sell, down to how much you spent out of the money and how much you are investing or reinvesting.
7. Baking Business
This is another lucrative daily income business. Pastries, snacks, cakes and others are in high demand in Nigeria. All you need are baking tools, equipment and you can start selling from the comfort of your home.
You can bake cakes and pastries for parties and events and make lots of income on the go. You can leverage the power of social media to promote and sell your product.
8. Transport Business
The ever increasing population of Lagos state and Nigeria at large makes transportation a major need for the average Nigerian. You can start transporting people to various destinations. All you need is a car and registration and you can start making daily income.
9. Catfish Farming.
There are many kinds of fish growing in Nigeria, however, many people like catfish because its meat is juicy, soft and tasty. However, not everyone knows that this fish can be grown quite easily even at a small fish farm, you can even organize catfish farming at home.
There’s a very high demand for catfishes all year round. The demand is highest from football viewing centers, restaurants and market women who buy in bulk and sell in retail either as live catfishes or smoked catfish. Individuals also demand catfishes too for personal consumption. With catfish farming, you’ll never have any problem selling your products.
10. Dry Cleaning Business
This is a business you can start right from your home. All you need is a washing machine and iron.
This type of business is profitable in well populated areas. It is important to keep your service delivery high to attract more clients to your business.
11. Car Wash Business
All cities in Nigeria is a great business environment for car wash businesses to thrive.
You can solve this problem by setting up a car wash that can bring you more daily income than you expect.
12. Hair Styling Business
There is no doubt that you will be going home with enough cash daily. If you are skilled at hairstyling, then this is a business you can start and scale over time.
All you need is a store and the required tools. If you can’t get a store, you can start right from your home.
You can also leverage the power of social media to gain visibility and attract customers.
13. Snail Farming.
Snail farming is considered to be one of the most lucrative agribusinesses you can start with low capital in Nigeria today. Yet, it is one of the most neglected animal rearing business in the country.
Snail farming in Nigeria provides one of the finest opportunity to make money within a short period of time.
Snail farming is a niche and unusual business type of business. It’s very expensive to buy snail to eat because snails are very dormant during the dry season, they become increasingly scarce during this period and the market is starved of adequate supply until the next wet season.
14. Freelance Writing
The demand for writers has never been as high as it is now. Can you win the hearts of people through writing? If that’s a yes then this is a daily income business you can venture into.
You can make income daily from writing articles and creating content for various brands and businesses.
15. Haulage Business
As a result of the pandemic, the transportation of goods and services has become a task that every company or business must tackle. You can start carrying out haulage services and earn income daily.
16. Online tutorials
There is increased demand for online education, now more than ever. You can start online tutorials on any subject that you are great at and get paid handsomely for it. You can hold classes on social media platforms like WhatsApp or Facebook or you can choose to upload some courses on platforms like Udemy.
17. Money Merchant
This business involves being a middle man to help customers perform monetary transactions through platforms like Paga. This will definitely bring you lots of daily income if you are positioned right.
18. Maize Farming.
The Maize farming business has definitely been thriving in Nigeria for decades. Maize, which is also commonly known as corn, is one of the most popular food crops in Africa.
Maize is cooked in various ways and millions of Nigerians rely on this crop because it usually costs less than wheat and rice and other common grains and cereals.
The importance of Maize production in Nigeria cannot be overemphasized. A lot of by-products are gotten from Maize. Maize production gives birth to a lot of other consumables and some of them are: Pap, Custard, Corn Oil, Alcohol, Cornflake, Animal/Livestock Feeds, Corn Flour, Corn Starch, Corn Powder.
19. Pig Farming.
Pig farming in Nigeria is one of the lucrative and profitable livestock businesses. Commercial pig farming is beneficial due to the fact that pigs are prolific breeders and can deliver 10 to 14 piglets in a single birth.
Pig meat (pork) has an excellent demand since the red meat is a good source of protein and tasty as well. The pork market in West Africa alone accounts for about $3 billion consumption value. 80% of that is sourced by importation. That is a lot of untapped revenue.
20. Cooking Gas Business
It is no news that Kerosene is now expensive than cooking gas, and no one can stay without food. So, cooking is a must one way or the other.
And even those that buy food from eatery contribute more to the high demand for cooking gas than those who cook at home. If you don’t understand how, you can ask me in the comment question.
So with the daily increment on the price of kerosene in Nigeria, the cooking gas business has now become one of the lucrative businesses to venture into in Nigeria because of the shift in demand from kerosene to cooking gas.
21. Filling Station Business
Most houses in Nigeria own minor power generating plants (generators) that are sometimes used all day to power their homes and stand in the place of electricity supply.
It is no exaggeration that most of these millions of generators used in the country run on either petrol or diesel.
The Industries, Businesses, Schools, Hospitals, Religious Institutions and in fact everything in Nigeria depends on power generated privately from petroleum products consuming sets.
It is often joked, that even the electricity distributing agencies use petroleum products in their offices to run their day-to-day operations! That is how much crude oil is of important in Nigeria.
22. Internet Store Business
You can sell products online and make money daily. You can sell through established online platforms that have made a name for themselves or by owning your own website.
Here, people view the products and their description and buy and you receive your payments. With this business, you must build the trust of your customers in order to survive.
23. Affiliate Marketing
Affiliate marketing has to do with referring products or services to consumers in order to get a commission. All you need to do is refer people sometimes offline or via a unique link, once this is done, the link can be traced to you and you will be given your commission.
24. Pure Water Business
Water is a necessity. It is one thing people cannot do without. More so, clean water is always needed; hence people buy pure water daily. This is a business that makes money daily. Ensure you provide clean, hygienic water and you will do fine.
25. YouTube Video Blogging
This is another lucrative business that will earn you money every day. As long as you upload content that people love and your videos go viral and you become famous, you can make money daily. YouTube video blogging cuts across various topics such as comedy skits, sports, tutorials, food, music, anything at all. All you have to do is create a YouTube channel. Shoot videos with your phone or camera, upload, share and make money.
26. Popcorn Business
This is one of the small businesses we always patronize yet never really consider. Almost everyone likes popcorn. You simply stop by the roadside and buy every time.
Hence, the business is a viable one. All you need to start this business is to get bags of corn, nylon, sugar, salt and butter, and a popcorn machine. When properly done, popcorn attracts customers just with its aroma.
27. Virtual Assistant Business
A virtual assistant fills administrative roles to corporate organizations or private individuals. However, this is done from home. Your contract can be based on a daily or weekly basis. Jobs done include writing emails, replying emails, typing, receiving calls, etc.
28. Digital Marketing Business
This has to do with the use of Search Engine Optimization (SEO) marketing, social media marketing, and other digital marketing tools that would help with marketing a business online.
In the digital marketing space, you can take on a job as a social media manager.Many firms gives quality SEO services you can approach them for assist as well.
29. Blogging Business
Starting a blog is easy. As long as you have good writing skills and content, you will do just fine. You can monetize your blog for income and can also make money via advertisements on your blog. This business is already saturated but you still can carve a niche for yourself.
30. Hotel business
Hotel business thrives because of the population in Nigeria and the need for movement for people especially because of businesses and also pleasure.
As long as businesses keep operating, there will be movement and hence hotel business will make money.
The ways in which you can thrive in hotel business include strategically situating your business in business areas, offering excellent services than your competition. You can be sure that money will come in every day with this business.
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