Thursday, April 30, 2015

40 Successful Profitable Small Businesses In Nigeria

40 Lucrative Good Businesses In Nigeria To Start In 2015If you research into the start-up stories of many big companies today, you would discover that many of them started from the scratch. Starting a small business in Nigeria and growing it into success requires lots of dedication, determination and careful planning. In my previous posts, I have highlighted how to start a profitable small business in Nigeria. Everyday, many Nigerians search for small investment opportunities to start with no money. They keep looking for lucrative small business ideas to invest in with little capital. Do you have little money but no feasible business idea to start with? The truth is there are many business opportunities available for investment in Nigeria. Whether you are planning to start up a Nigerian business ideas already adapted to this economic climate or looking for franchises to buy, in this post, I will be revealing the most profitable small business and lucrative investment ideas in Nigeria. Dedication, putting in extra efforts and partnering with the right set of people are some key secret of successful business in Nigeria. Here are the most successful small businesses in Nigeria for 2015. These business ideas have been categorised into industries and sectors for easier access. Best Profitable Small Scale Agriculture Business ideas here are some of the best lucrative agricultural businesses
1. Fish farming business 
2. Broiler and layers farming
3. Snail farming business
4. Starting a pig and a grasscutter farm
5. Dog breeding and sales. Open a veterinary/pet shop
6. Livestock feed sales and milling business
7. Processing of maize, rice, palm oil, cassava, rubber, cotton etc
8. Cultivating vegetablesGeneral Lucrative Business Ideas
9. Haulage business
10. Starting a rental service businessCar, Okada and Keke Napep- hire, daily deliver and hired purchase
11. MC, DJ and event planning business.
12. Party Planner and Event Planner Business
13. Cake baking and decoration business
14. Frozen food business
15. Mortuary and ambulance service business successful Business Ideas In Education. Main source of income in this sector comes from:
16. Setting up a tutorial centre and private coach classes
17. Providing catering services to schools
18. Day care and nanny services
19. Establishing self empowerment centres for corpers and graduates
20. Selling past exam questions and cbt softwares
21. Starting a business school and computer training institute computer And technology business. Business ideas in the IT field include:
22. Sales and repair of PC and its accessories
23. Mobile phone sales and repairs
24. Development of mobile and web applications
25. Graphic design and printing business
26. SIM swap and mobile money agents

27. Recharge card reselling business
28. Android games development profitable small production business
29. Custard making
30. Paint production
31. Liquid soap production business
32. Hair and body cream production
33. Making perfumes, Izal, Dettol and other disinfectants internet based business ideas on line business/internet based businesses to make money online in Nigeria include:
34. Blogging
35. Email and affiliate marketing
36. Forex trading
37. Blog set up and customization services
38. Domain and website flipping
39. BulkSMS, SEO and article writing services
40. Reselling services on Fiverr Complete list of internet based businesses requiring little or no capital here finally, I expect you have been provided with various investment options that will help you pick a successful business to start in Nigeria.
all this list is not exhaustive as there are many other successful small businesses in Nigeria that is open to investment for any serious entrepreneur in Nigeria. All the best as you start any of these successful small business in Nigeria listed above.

7 Reliable Sources Of Business Ideas

Great Sources To Generate Ideas For businesses what are the best sources of business ideas and opportunities? How do i find business opportunities? How do i know the best business to start? How do i develop creative and I innovative business ideas?Many entrepreneurs all over the world have confirmed that there are many sources of business ideas, such as: sources of new viable business ideas, sources of entrepreneurship ideas and sources of business opportunities. Below, I will be sharing with you some of the most common sources of investment ideas.

1. Hobbies

While having fun at what they enjoy doing, many people have started businesses. Converting hobbies into money making opportunities has worked for very many entrepreneurs. For instance, if you love to travel, perform arts or into hospitality you can look at starting a business venture in the tourism sector. Examples of hobbies that make money include sports, cooking, piano playing, photography etc.

2. Experience

Many investors find it convenient to choose business ideas in line with their background. This because they understand the terrain better. More than half of business ideas come from experiences at work place. For instance,

3. The Media

You can also get business ideas from the mass media in the following ways:A. study commercial adverts on business needs and sales of entire businesses. extract information from reports on changes in fashions or consumer needs e.g healthy eating, weight loss.C. sieve through adverts for popular skills demanded e.g security, catering, web design.

4. Exhibitions

If you take time to study most exhibitions, you would be able to discover the nature of new products and rebranding ideas of existing products. Through talking with sales rep, manufacturers and end users, you will be able to find a gap to fill to start your own business.

5. Surveys

Surveys can either be done online or offline. Talking to neighbours, coworkers and family members about a particular product or service is a form of informal survey. The essence of carrying out surveys is to gather complaints from dissatisfied customers of new and existing products, you will be able to generate ideas to fine- tune your own investment so as to include improvements and changes most people would like to see.

6. Complaints

Anytime you hear a customer complain about a product such as I wish there was...if they had...etc there lies an idea for investment. You can either set up a competitor business with such firms offering a better product or sell that idea/product for improvement to the company directly. Talk to people, read comment and reviews on blogs and browse popular forums to gather complaints about that product.

7. Brainstorming

Brainstorming involves using creative thinking to generate business ideas to solve problems. The first step is to identify a problem or question and then Brainstorming is a technique or creative problems solving as well as for generating ideas. The overall idea is to come up solutions as many as possible. When sourcing for business ideas through brainstorming you should avoid criticising the ideas of others on your team, allow even the wildest of ideas, allow large number of contributions and don't hesitate to merge and improve upon other people's suggestions. I appreciate your taking time to go through the article. Kindly drop your contributions in the comment section. Share this post with others to help us reach more people. Sharing is caring!