Do you wish to know about the 26 profitable daily income businesses in Nigeria and starting cost? If yes, then there are a lot of opportunities for employment, in virtually every industry that exists.
Daily income businesses in Nigeria will give you money each new. What these income businesses in Nigeria does is that it never all was your pocket to run dry.
To go further, we recommend you explore lucrative small business ideas in Nigeria & start your own income business.
In this article, I will share ways to make a profit daily income business in Nigeria from what you love to do. Plus other lucrative business ideas in Nigeria.
What is the Daily Income in Nigeria?
Daily income or earnings is the amount you make daily from a business or daily side hustle. It also means an account or income earned any day during a calendar month.
26 Daily Income Businesses in Nigeria and starting cost (2023)
Day by day, the business and services sectors continue to dominate the Nigerian economy. Daily income business is real.
We will discuss some income businesses you can start today and make an income daily. They are:
- Business of raw foodstuffs
- POS payment Service
- Freelance/ SEO Content Writing
- Food vendor business or Restaurant
- Makeup Artist/ studio
- Daycare center
- Dry cleaning business
- Bakery business
- Business of graphics design
- Phone repair business
- Fitness center business
- Transportation business
- Business of jewelry
- Party equipment rental company
- Nursing home business
- Business of poultry farming and egg sales
- Cosmetics business
- Plantain chips production and sales
- Production and sales of ice block
- Production of liquid soap
- Car wash business
- Importation and sales of Okirika clothes
- Marketing of daily information online
- Affiliate Marketing
- Becoming a virtual assistant online
- Call card business
1. Business of Selling Raw Foodstuffs
Most Nigerians are foodies who prefer home-cooked meals to quick cuisine. You can start a business selling food items like rice, beans, and garri, which are commonly used in cooking.
Here, you negotiate to rent a shop nearby or close to the market and start selling your goods. You can make a daily income of about #10,000 or even more on good days.
Starting Cost
You can start with the sum of #200,000 to #500,000.
2. POS Payment Service Income Business
POS payment service is one of the 26 profitable daily income Businesses in Nigeria and starting cost can range from #20,000 to #300,000. People these days no longer wait in long queues in ATMs stand just to withdraw money.
They easily look for a POS stand and pay as little charge as #100 and withdraw their money.
3. Freelance Writing
Many people ask how they can start a profitable daily income business in Nigeria. Freelance writing is one of the lists. Many people also might know how to start, but don’t know where to begin.
You can start by checking out online remote jobs and freelancing platforms. They pay hourly and you get your money once you are done with each content writing.
Moreover, you can also go further to explore and learn how to become an SEO content writer. Knowing how to implement SEO to your writing skills is also another plus and avenue to get daily income.
Starting Cost
Nothing. Just your phone and your internet connection.
4. Food Vendor Income Business or Restaurant
Are you an excellent cook or willing to learn how to cook professionally? Then you should consider creating your own restaurant. If you love cooking, you can start a food vendor business. Popularly it is called Mama Put in Nigeria and costs little capital to start.
You can start with local and general cuisines that people know and can eat anytime like rice, beans, yam, soups, e.t.c.
Starting Cost
#70,000 to #150,000
5. Makeup Studio Income Business
Makeup studio is one of the profitable daily income Businesses in Nigeria and starting costs can range from #70,000 to #200,000 so as to also rent a shop of your own.
Here, you make money daily from customers who patronize you. Learning how to become a makeup artist and starting the business can average you a daily income of #20,000 or even more.
6. Daycare Enterprise Income Business
Because mothers must return to work after giving birth, daycare centers make a lot of daily income from starting a canteen in the school where they sell biscuits to the pupils.
They also make a daily income from sales of textbooks, sales of notebooks, stockings, school uniforms, pens, e.t.c
You could start your own daycare center. All you have to do now is register your company and purchase the appropriate equipment.
Starting cost
#50,000 to #200,000. You can with renting a small apartment that can cost you #10,000 a month.
7. Dry Cleaning Income Business
In Nigeria, the dry cleaning industry is one of the fastest expanding and daily income Businesses. People are frequently overworked and may not have time to wash their clothes. This is why the dry cleaning industry continues to thrive.
Starting Cost
#70,000 to #300,000. You can choose to have different washing machines and also rent more space.
8. Bakery Business
Pastries, such as cake and bread, are popular among Nigerians. Before you start this business, be sure you have all the knowledge you will need to succeed. To get started, you would need to enroll in a catering school and learn all kinds of cakes.
Starting cost
#50,000 to #150,000
9. Business of graphic design
If you are artistic and imaginative, you should consider pursuing a career in graphic design. You can learn to design from the ground up even if you have no prior experience.
Daily income is sure from this type of business in Nigeria.
Starting Cost
#80,000 to #200,000
10. Phone repair business
Businesses that revolve around the use of phones prosper since everyone has a phone that needs to be repaired at some point. You can learn how to repair phones so that you can make money repairing phones for others.
This is one of the 26 profitable daily income Businesses in Nigeria and starting cost range from #20,000 to #70,000.
11. Fitness center business
If you are a fitness and health buff, you might want to consider opening a gym. All you will need is to adequately equip your gym center.
You can decide to be collecting money daily as people use the gym or customers can subscribe monthly to use the gym.
12. Transport business
People must travel from one location to another for a variety of reasons, including business. Many people do not own automobiles and will require the services of a professional and dependable transportation company to get them from one location to another.
Start a transportation company by deciding whether you want to operate within a state or across states. Be sure of daily income from the business.
Starting cost
Renting a car costs nothing, just to sign an agreement with the owner and remit money to the owner weekly or monthly.
13. Business of the jewelry line
To establish a jewelry line business, all you need is dependable suppliers who will give you jewelry in quantity and also supply you at a cheap price.
It is one of the 26 profitable daily income Businesses in Nigeria and starting cost would be around #20,000 to #100,000 depending on the quantity and quality of the jewelry.
14. Party equipment rental company
Nigerians are known for their love of parties. As long as you provide excellent service, you will never run out of customers. You can provide party-related equipment like canopies, seats, flowers for design, clothes for designs, rugs to design the floor of the events, e.t.c.
Starting Cost
From #90,000 to #400,000
15. Nursing home business
You may start a firm that provides individuals to look after the elderly and babies in their homes. Nursing homes make a lot of money in big cities in Nigeria like Lagos since people are usually too busy to take care of these things and would rather outsource them.
Starting Costing
Nothing, just gain the basic knowledge and get the licenses needed.
16. Business of a poultry farm and egg selling
Poultry farming is a lucrative industry that may payout in the millions. The chicken farming business causes a great deal of prudence and attention. You will also need to figure out who your target market is and what kind of poultry you want to sell.
For instance, eggs or chicken flesh can be a source of daily income for the owner.
Starting cost
Budget about #100,000 to #300,000 for a standard poultry and egg business. But an egg sales business can be started with just #20,000 or even less.
17. Business of cosmetics
The beauty industry is quite lucrative. It will require a lot of hard work and investigation, but if you put in the effort, it will pay off.
It is one of the 26 profitable daily income Businesses in Nigeria and starting cost ranges from #30,000 to #250,000 depending on the quality and quantity of the cosmetics items.
18. Plantain chips production and sales
This is a pretty simple business to establish. You may begin in your own kitchen. All you have to do now is write your company’s name on the top of your plantain chips and you are ready to go.
Starting Cost
You need about #20,000 to #50,00 to start the business.
19. Production and sale of ice block
Nigeria is part of the tropical climate zone, which means it gets a lot of sun and heat. Therefore, ice block manufacturing and distribution is a profitable business in this area. You need a freezer and water and nylon for the business.
Starting Cost
Budget about #50,000 to #70,000 for the business because to buy a good freezer now would cost up to #60,000 or even more.
20. Production of liquid soap
In Nigeria, the soap market is so big that even the most well-known brands cannot keep up with demand. This is a company you should look into.
Production of liquid soap is one of the 26 profitable daily income Businesses in Nigeria and starting cost range from #20,000 to #50,000
21. Car wash
To open a car wash center, you only need a small amount of money. Set up a sitting room with a TV where your customers can relax while their cars are being washed to add some excitement to the situation.
Starting cost
Budget about #30,000 to #50,000
22. Importation and sales of Okirika clothes
Search all available eCommerce websites and also Facebook marketplace before enlisting the help of a procurement agent to make the purchases. After that, the agency will send you the products, which you will then sell.
Starting Cost
Budget about#50,000 to #200,000
23. Marketing of daily information online
You can earn money by converting information into other formats, such as a report, an ebook, a movie, or an audio file, and then selling it online.
Starting cost
Nothing. Just your phone and data.
24. Affiliate marketing
Affiliate marketing is the practice of selling a manufacturer’s items by advertising them on social media with your own affiliate link. When you sell these things, you get a portion of the profit.
Digital and physical products are examples of products that can be sold through affiliate marketing. You can do many affiliate programs and earn money from each one.
Starting Cost
Nothing. Just your phone and mobile data.
25. Becoming a virtual assistant online
Many companies and individuals now have a presence on the internet. These organizations require someone to oversee and help their customers with their online products. You are paid hourly on the job.
Starting cost
Nothing. Just your phone and mobile data.
26. Call card business
Another popular company in Nigeria is this one. The call card business is one of the 26 profitable daily income Businesses in Nigeria and starting cost range from #5,000 to #30,000. Almost every adult owns a phone, which they will need to recharge from time to time.
You can decide to buy airtime and sell it to your neighbors and people living around your area.
3 Benefits of Daily Income Business in Nigeria
It’s hard to overstate the benefits of daily income businesses in Nigeria. It benefits startups greatly, especially if there is not enough cash or funding available.
| Benefits | Explanations |
| A beginner benefits from knowing whether the venture is worthwhile. | A daily income business in Nigeria will always assist a beginner in quickly determining if the venture will be successful or not, allowing him to avoid wasting all of his time and energy should it not be in their favour. |
| It encourages the proprietor. | A newbie who has just launched a small business will have several concerns on their minds. The first thing that will come to a beginner’s mind when they launch a small business is “profit.” Since profit is the main driver of the company, they will be fervently hoping to start seeing it in a short amount of time. |
| It helps a new business owner to understand how to make adjustments. | The owner would be able to trace when his business has started to decline because it generates daily income. Assuming that they used to earn N3,000 daily in profit, they will be able to identify and research the root causes if the profit falls below N3,000 and correct them. |
Disadvantages of Daily Income Business in Nigeria
- Future possible income instability
- Uncertainty
- Longer daily working hours
- Future potential of financial risk
- Lack of guidance.
What is the Best Business for Daily Income?
The Daily income business ideas for Success in Nigeria are:
- Boutique
- Ice cream business
- Hair business
- Salon
- Spa
- Tea/Coffee shop
- Gift store
- Antique business
- Hot air balloon or boat ride services.
Do I Need To Start A Daily Income Business In Nigeria?
One might even be tempted to believe that daily income enterprises are the only businesses that should be considered, given the benefits they offer in Nigeria.
But I can tell you that you must not go for a daily income business in Nigeria; you can venture into any business as long as it’s genuine and it is profit assured.
How long it takes to make a profit doesn’t matter.
I believe there may not be a need to worry about whether it is a daily income business or not if you have enough cash on hand and won’t be in need of small cash for your necessities inside the short term of establishing your firm.
Therefore, starting a daily income business is not the only method to succeed in business in Nigeria.
Who in Nigeria should pursue a Daily income business?
Although there may be some large-scale enterprises that also bring in daily money in Nigeria, the majority of firms that generate daily income there are small or beginning businesses.
When considering who in Nigeria should start a daily income business, I would suggest that:
- Anyone can do so
- But it is most beneficial to a beginner who doesn’t have enough money or capital.
It would be good to choose daily income enterprises in Nigeria if you know you won’t have enough money to meet your wants for a short while without touching the money from your business, so that you can easily use the daily profit to meet your needs as they arise.
To better understand this, let’s imagine that you put all of your money—both small and large amounts—into a venture that would be profitable in two months.
What happens if you have pressing expenses that can be paid for with little money before the two months you hope to turn a profit? Even though you own a business, I believe you would still be quite frustrated.
In light of this study, daily income
Nigerian business could be a fantastic alternative for one that is not yet steady or financially robust.
Business that move Fast in Nigeria
The best business you can start in Nigeria and that will move fast today is the
- E-commerce business
- It could be a dropshipping business
- Affiliate income-generating business, or
- Your own products and services or product sales business and so on.
There is a huge income opportunity for someone who has an idea and the ability to get access to funds to grow an e-commerce business in Nigeria.
Cheapest Business to Start in Nigeria
The Nigerian online market is growing rapidly as a lot of Nigerians are getting online. The high rate at which businesses in Nigeria are accepting online payments will make it easier to penetrate the business market.
The fact that there are no middlemen involved in online payments, the prospect of starting a business is very attractive to Nigerians.
The cheapest business to start in Nigeria would be:
- Opening a marketplace online
- Join Affiliate Marketing online
- Started an online marketing agency e.t.c
Discipline Yourself To Save
Since you consistently receive income daily, it would be prudent for you to set aside money each day as well.
Find the method that works best for you and save a portion of your daily income.
It may be done by using pigeonhole savings, putting money in the care of any savings institution, or using other genuine methods.
If your small business generates a daily profit of N3,000, why not decide to save at least N1,500 per day?
I believe that would significantly speed up the process by which you could raise the necessary funds for your ideal company.
Frequently asked questions
What business can give me money every day?
What business can give me money every day? In the traditional sense, having your own business can give you money every day, and even a micro-business requires little to zero investment.
If you want to make money regularly, there are several things you can do with some of them being easier than others. Explore areas like: Restaurant business, call card business, freelancing jobs, makeup artist jobs, fish farming businesses, etc.
What business can I start with 5K in Nigeria?
Have you ever thought about what business you can start with 5k in Nigeria to make money daily? If not, you can explore call card business, POS stand business, ice block business, and even more.
What are the top 10 most profitable small businesses in Nigeria?
There is an endless sea of opportunities for generating passive income. But finding the one that you will actually find enjoyable (and profitable) is a daunting task. Fortunately, we have filters set up to sift through all the options, so you can skip to the best opportunities and save yourself time. They are:
- Business of raw foodstuffs
- POS payment Service
- Freelance Writing
- Food vendor business or Restaurant
- Makeup studio
- Daycare enterprise
- Dry cleaning business
- Bakery business
- Business of graphics design
- Phone Repair Business
What business can 50K start in Nigeria?
In the past, it was believed that to have extra income every day or to start a business; invest large amounts of money. But there are businesses you can start with #50,000 in Nigeria and they include:
- Poultry farming and egg sales
- Snail farming
- Printing and graphic design
- Ice block business
- Small-scale business fish farming
- Frozen fish and chicken business e.t.c
Conclusion
There are many profitable daily businesses in Nigeria. All you need to do is to be sincere in what you do, be consistent, put in the hard work, and of course, have the information to execute the process.
A lucrative business idea with a small capital model which is estimated to hit #500,000 will easily give you up to #2,000 a day as passive income or even more. Yes, you can actually make money each day with any business ventures listed in this article that you can comfortably start.
