Are you looking for a job? Are you thinking of venturing into a business that would yield massively this year and make you big? Worry less. God has got control of this. You’re not going to end this year 2020 the way you ended previous years. When you’ll ending this year, you’ll be very happy and grateful by God’s grace.
So without further ado let’s get straight to business.
It’s a whole new decade and from the look of things in Nigeria and virtually all part of the world, business is the best way to make money but what kind of business can you venture that will yield profit?
Someone once said that if you’re doing a business and you’re not earning up to N3000 profit a day in that business, you are not doing a very good business.
We’ve looked into the Nigerian economy and analysed the best business to venture into this 2020.
1. Importation
Perhaps you are thinking that it requires a lot of money to start importation. Take for instance Apple importation, you can get to negotiate with the company that you want to start importing Apples into Nigeria and then you’ll pay them after you’ve made sales.
They might probably take it into consideration and there you go, you’ve started a very good business. You start making money and then you can settle your debt with them after sales.
This is from a relative experience.
2. Blackhead Removal
If you’re looking for low investment business ideas, you probably want to start with products that are low cost but have mass audience appeal. Blackhead removal was one of the most popular opportunities in 2019, but it’s been growing again proving that this could be a long-term, low-investment business to start. The thing about blackheads is that they never go away. You can continue selling products for years to come and even expand into other verticals within skin care.
blackhead removal – low investment business ideas
So, let’s break down how marketing can work for this business. First, you need to start with a blog. This is gonna be a long-term business, so writing about blackhead removal, skin care, and beauty from day one will help you become an authority in your niche down the road. You need to ensure your strategy is strong so be sure to write long-form blog posts of at least 1,000 words per article, update the article every six months for accuracy/content freshness, and optimize each article for one main keyword and three or four secondary keywords.
3. Women’s Dresses
Venture ideas that involve women’s dresses are ultra competitive, but they’re also super popular. We’ve been scouring women’s fashion websites for a while now and have noticed an interesting trend. While most fashion online stores include drop-down menus, we’ve noticed that many brands actually include “Dresses” in the top navigation while bundling everything else under a “Clothing” dropdown. The prominence of “Dresses” proves that it’s one of the most popular women’s fashion items for many retailers.
Ecommerce business ideas like selling women’s dresses can be heavily promoted via ads. The great thing about clothing ads is they’re often great at capturing the impulse buy. A shopper sees a dress they like on Facebook or Instagram, pulls out their credit card and makes a purchase without carefully contemplating the decision. Running ads on Facebook and Instagram will likely be your best bet for attracting the sale. Also, if you have an audience built up, you can also run email campaigns to drive traffic to your website.
4. Bakery Business
This is a business I will personally recommend for anyone who is looking for a most profitable line of business that is hassle-free.
About 10million loaves of bread are consumed every day in Lagos Nigeria alone. Now imagine how many loaves are consumed in the whole of the nation daily.
This is not surprising. Bread is one of the most common staple food in Nigeria next to rice and cassava flakes.
If you are considering going into any business in Nigeria, starting a bakery is your best bet. It is one of the most profitable businesses one can do in Nigeria with minimal capital. brown bread arranged in an oven
You can make as much as N2million weekly by selling just 50,000 loaves of bread.
5. Solar energy sales and installation
As of the lastest statistics
Electricity production in Nigeria reached 8,441 GWh. Compared with Russia’s 1,110,800 GWh or United Nations 4,460,800 GWh, Nigeria is a far cry!
With the epileptic supply of electricity around the country, it’s a no brainer that any alternative to electrical energy supply will flourish, especially if it is affordable.
Little wonder solar energy production, sales and installation is a profitable business idea in Nigeria.
I believe this line of business is largely untapped going by the population of energy needing Nigerians. If well structured, you can profit from solar energy sales and installation line of business.
6. Manufacturing and sales of detergent
Capitalise on the economic situation in the country to create affordable detergent products.
Detergents are some of the most useful products in every home, rich or poor. But most of the known brands producing these items sell them at a price that many households in Nigeria cannot easily afford.
If you can make the required sacrifice to learn the skill, you could start making your own detergent. To start with, you can sell to your immediate network; your family, friends, church members and colleagues.
With the right business mind, experience, and knowledge, you could expand your business and grow to become a brand that will be reckoned with.
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Business