Find schools offering marketing programs The primary challenge facing the entrepreneur is competing against larger, better known, and more resourceful companies. How can a start up with a small staff, limited budget, and miniscule customer base hope to compete against the giants in their industry? They do this by turning their weaknesses into their strengths.
So after another year of research on successful businesses in Nigeria, I add below additional successful profitable businesses to start in Nigeria to the already existing list of small businesses I earlier discussed. Fast food Joint and eateries business — Eateries is one of the fastest incomes yielding business in Nigeria.
The startup capital varies.
It depends on the categories of your customers you wish to cater for. If you wish to serve High class customers then you need huge capital to start up such eateries. However, if you target customers are low income earners then you need little capital start up.
These are big cities in Nigeria and the business is well patronized there. Sackets water packaging and selling business the capital input might be a bit high.
You need sterilizing and packaging machine, tanks for storing water, distributing bus or truck etc. So, this requires considerably huge capital.
Many people starts on a low scale importation mini-importation and finally grow to become large importer of different products. Product sales, distribution and marketing the capital input might be high. However, you can negotiate with the producers or manufacturers of such product s to reduce start-up cost.
Mobile phone accessory business though no longer as lucrative as in the years back. Cloth designing and Tailoring — This business requires skills.
So, the first step to your success is to acquire skills. Cloth designing and tailoring is often neglected business that is highly paying and the good thing about it is that you can start on a small scale. It takes time — sometimes years — to master a skill, craft, or habit.
I have earlier discussed some of the right steps you can take to begin a profitable small business in Nigeria. Are you a Nigerian looking for small business that you can start with little or no money money. Are you an entrepreneur searching for small business to invest on?
There are lots of small business opportunities in Nigeria.
Here are list of most Successful Small Business in Nigeria with little capital investment and some with no money startup. Be passionate about your business and you succeed.
Try to visit other people who are in the same business with you, share ideas with them so that you can be updated on the current trend in the business. These are secret of any successful business. Below are Successful Small Businesses in Nigeria you can start in and beyond; I have group these businesses into sector by sector for easy comprehension.
Most of the major inputs are space landwater and the viable breeds crops and animals. The businesses can be started as a sole-proprietor and then grown to Limited Liability Company.
Here are small lucrative Agricultural Businesses 1.
Poultry farming business 2. Fishery Business catfish and Tilapia Rearing 3. Snail Rearing Business 5. Dog Rearing and Breeding Business 6. Livestock feed production 7.Nov 16, · Get the latest headlines on Wall Street and international economies, money news, personal finance, the stock market indexes including Dow .
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