8 profitable businesses you can startup in Nigeria 2019

in this post today, I will be looking into 9 profitable businesses you can startup in Nigeria this 2019.

For you to have read this post means you're interested in starting a business right? Or don't know the businesses to venture into that is profitable.

First you should know that businesses have different grooming levels, in that, they grow differently.

Some could take longer before you start seeing profits.. While others could take just weeks sometimes days.

 remember, don't just go for fast profits, some businesses that takes time to grow have the potential of making you the millionaire or billionaire you dream of.

That being said, I have tried to come up with some profitable business ideas that could boost your income.

#1. Super market business

This business if done right could start making you money in less a month.

People buy goods from supermarkets everyday.. and this makes this business highly profitable.

You can start small if you don't have sufficient cash at hand, then with time grow your business and make it more sophisticated.

a supermarket could be started with N300k-N700k.

#2. Poultry farming

This is also a profitable business model that is highly lucrative in seasons.

poultry farming is fetching business owners millions.

Also this business could be started for a much more lower price.

With as low as N50k you could startup a poultry farm.

In fact you could get a mini poultry farm for a much more smaller amount..

You'll need.

• A cage for your birds
• Lightening to keep their housing warm
• Your birds or animals you'd want to breed
• Feeds for the animals

You can start with smaller amounts of animals.. And after a successful breeding and sales you move to a much more bigger amount.

3. Restaurant
We eat everyday to survive, so also do the restaurant owners make money everyday!

It's such a great business to startup if you're already good in cooking.. Why don't you venture into something that would fetch you income with your skills.

You could also employ workers to cook and sell..

This business could bring you income of up to N10,000 daily.. Believe me I know what I'm talking about.

Not only that... You could start getting profits from the first day you open your business.

Things to note

• You have to do a market research on your location
• A restaurant needs a place of low competition
• Try making your meal special -it'll boost sales

4. Barbing saloon

Well, seems this one's mainly for guys😉 ever thought of starting a barbing saloon?
It's also a lucrative business this days..

Plus it has the potential to bring you substantial income everyday.

I know of a barbing saloon around my area... This guy is making it big everyday.

Here are some things you may need

• Learn the skill if you don't already( this is very important, you don't want people taking you to the police station😉)
• Get a shop(try starting at a low price)
• also get a generator( if you're in a country like ours, trust me you'll need one)
• Get your equipments (such as, clippers, brushes,combs,cloths,etc...)

If you already have a shop, then the cost should be around N35k

#5. Open a bakery business
The bakery business is also a very lucrative business which is sometimes ignored by most people.

Up to 1million loaves if bread are being consumed every day from over thousands of bakeries..  This is also a chance for you to earn big if you want a profitable business.

Although for aspiring small business owners, this might be a big step.. But as they say "big steps comes with great success"

If you have fund at hand(or can get a loan) that could open up a bakery, then I suggest you go for it.

Meet with other bakery owners and get to know how things work together with the cost price for starting up the business.. Since it varies.

6. Clothing/wears shop
Selling wears on its own is lucrative, you could also decide to sell specific kinds of wears like kiddies wears, bridal wears, or casual wears.

Anyone you decide would work well provided you are located in a suitable(or busy) area.

A good thing about this business is the low cost of buying your goods and selling at an awesome price.

It could be started with as low as 15k

7. Provision stores
Unlike the supermarket this is a smaller shaped business but has the ability of bring 10s of thousands per day.

The Provision store business is meant to bring goods closer to consumers so it should be in a place close to houses and offices.

You could sell almost anything useable by man and make profit.

But also it needs studying, to know how the business actually works.

Tips
•Ask provision store owners how they run theirs
•make sure the location of your stores are in places close to homes and offices
•buy goods that are trending.. and easily consumed.

#8. Start a  tutoring business
Ever thought of teaching someone what you know and making money from it?

Well people have been doing that for years and are making thousands and even millions from it.

It could be an online tutoring or an offline one.

By offline I mean, probably opening a lesson hall, or any kind of thing you know you're good at. Like how to make something, or how to bake.. Etc...

And online, there are lots of ways you could tutor people and make money from it online.

•join websites that allows you to make and upload videos of you teaching and pays you a percentage when a student buys you course.(like udemy, teachable.. etc)

•create YouTube videos and get paid by placing google ads on your videos

•create a blog where you teach people how to do certain things and also get paid placing google advertisement on your blog post.. Or sell other peoples product as an affiliate.

•render your own service online and get paid.. Can you do web design? Can you write? Can you create a website OR do one or two tasks and get paid.

Don't fail to drop a comment below👇👇