Did you know there are incredible and profitable business ideas in Nigeria to invest your money? Keep reading to know more!
Profitable business ideas in Nigeria
Uber driver
They are the boss and work for as long as they want, following a schedule that suits their needs. An average Uber driver earns between 80,000 and 120,000 Naira per week.
It gives you the chance to earn some extra money whenever you want while doing so. While some drivers do this full time, some only do it in the evenings after the day job. Sometimes even on weekends.
Social media
These are platforms where Nigerians are making a huge amount of money. Simply by sharing engaging content and building a list of loyal followers. This is a business idea you should also venture into if you are crazy about social media.
Accumulate followers on any of these platforms and major brands, gear companies and other relevant businesses that quickly reach out to you can contact you with products or services related to the type of content you share. If you have hundreds of thousands of followers, you can easily upload between 15,000 and 50,000 Naira per post or more, making it a very profitable business idea.
Web design and development
You will develop incredibly valuable skills that are in extremely high demand in the Nigerian market. You can get up to speed on creating websites in as little as a few weeks using a free tool like WordPress.
In addition to having the opportunity to work on your own schedule, you can make between 50,000 and 250,000 Naira per website project. If you’re looking to greatly improve your web development skills, Andela is a great place to start and gain the knowledge you need.
Graphic design
While having a formal background in graphic design will absolutely come in handy, it’s also relatively easy to learn the basics of graphic design on your own using tools like Adobe Illustrator and Photoshop.
But before you can start making a living as a graphic designer, you will need to develop your recommended skills and be creative in all of your designs. I recommend showcasing your design skills on platforms like Instagram and Facebook to gain a good client base.
Freelance content development/ghostwriter
Do you consider yourself a wordsmith? Setting yourself up as a freelance content developer could be a side job or even a full-time job.
Companies in Nigeria, such as media agencies, blogs, and startups, will pay a lot for someone who can write clean content copy, whether it’s for ads, websites, or blogs. However, consider how much work it takes to make freelancing your full-time job.
Blogger or vlogger
Starting a blog/vlog with a particular niche and targeting a particular set of individuals is a lucrative business idea with great potential.
Your first step is to sharpen your writing skills. Also to understand what your audience craves. You’ll have to learn how to write a blog post that will generate traffic. Attract readers on a regular basis.