Are you interested in business? Learn about the 15 fast moving small scale businesses in Nigeria.
There are some businesses that are extremely profitable and can generate profits in a short time. These fast-paced businesses are ideal for those who want to pay out immediately or continue cashing out.
Reality is setting in, and an increasing number of young and old people are interested in learning how to establish a business; they can no longer wait for positions that are no longer available.
You can launch some of these enterprises with as little as N100,000. Some even had smaller sums, as low as N50,000, and it becomes a profitable daily income business for you and your household.
What Are Small Scale Businesses?
Small-scale industry, small-scale company, and small-scale entrepreneurship are all interchangeable phrases that refer to the same entity.
A small scale business can be founded with little or no capital and run as a sole proprietorship, partnership, private or public limited company. It’s also known as a SME, and it has a lot of potentials to aid our country’s industrial transition and prosperity.
15 Fast Moving Small Scale Business In Nigeria
Unemployment is rising by the day, and some of the available positions aren’t even worth having. As a result, many people would rather establish their own enterprises than wait for these positions.
Here are some of the fast moving small scale business in Nigeria:
- Snacks making business
- Liquid soap business
- Daycare Center
- Noodle preparation
- Film Hall
- Popcorn business
- Selling Animal Feeds
- Frozen food or fish business
- Starting a WAEC/JAMB lesson centers
- Gas refilling
- Freelance Jobs
- Mobile phone repair
- Ice block production and sales
- Car wash
- Mini importation business
Snacks Making
If you know how to make egg rolls, small chops, meat pies, buns, or even burgers, you will be in good shape. You are already missing out on the massive riches that this profitable, fast-moving small-scale business can provide you.
You can start a snack-making business right now. A show glass is all that is required to get started with this business.
You might even negotiate a small commission with a local foodstuff merchant in your neighborhood to sell your items.
Liquid soap production.
Many people are now venturing into the liquid soap production company since it is simple to start and sell, people use soap daily, and there is a generic liquid soap with a green tint. The soap is made locally and requires little initial investment; in fact, this business may be started with as little as 5,000 Naira.
It’s a good idea to speak with your neighbors before starting your business and tell them about your new idea and when you plan to begin manufacturing. Inform them that you will be supplying them at a discounted rate compared to the typical price they pay.
Daycare center business
The need for well-managed childcare services is growing by the day. Many parents are working extremely hard to earn enough money to keep the family afloat, which has left them with less time for their children. They want their children to be cared after by someone deserving of their trust.
Even if there are many daycare centers, if you can enter the sector with great service and originality, you will undoubtedly be successful. You don’t need to start by opening a daycare facility; you may easily start this business from your own house.
Noodles preparation business
This business does not take a large sum of money to begin; you can start with as little as #5,000 to #8,000, depending on how you want it to look. This is the act of making noodles, utilizing bread and egg to make messiah; it does not have to look like the local version once the Hausa guys in your area have done it.
You can build a neat area for it, cover it with planks or plastics, and wrap the body in wrappers, ta-poling, or whatever else you want to make it acceptable and very neat. You can plan ahead of time and use takeaway parks to execute this business.
Film Hall (Viewing Centre)
Nigeria has a large population of football fans. With inconsistencies in power supply and a lack of sufficient funds to pay for large satellite networks such as DSTV subscriptions consistently, many Nigerians turn to less expensive alternatives such as movie theaters.
Even before a match begins, several movie theaters are sold out. In Nigeria, a typical movie theater charges about #100 per viewing session and seats roughly 50 people.
If you do your math correctly. You will see that this is a great small-scale and fast-moving business that you can start right now.
PopCorn
In Nigeria, popcorn is a household name. There is something for everyone, from schoolchildren to local merchants to fast-food establishments.
This small snack is purchased by everyone, whether for personal consumption or f business purposes. Having your popcorn stand in Nigeria is a huge accomplishment that comes with a lot of benefits.
In Nigeria, a conventional popcorn machine costs over #75,000. However, there are cheaper variants available.
Animal Feeds
With so many livestock farms in Nigeria, starting an animal feed production firm is a simple way to make money.
On the other hand, you can become a supplier or a merchant of these items. To begin, you will need some fundamental knowledge and expertise in the disciplines of agricultural and animal husbandry to succeed in this industry.
Frozen Food
Nigeria has a high demand for frozen meals such as fish, chicken, fish, shrimp, and other seafood. With a tiny refrigerator or even a small cold room. It is pertinent you learn how to start a frozen fish and chicken business to excel in this frozen food business.
Because frozen food is in high demand in Nigeria, you may start a frozen food business today and profit handsomely. The fish farming business is also in high demand. You can explore all these options.
This business may be started with very little money and offers a lot of flexibility.
WAEC/JAMB Lesson
If you are a competent teacher, you may want to explore teaching WAEC/JAMB candidates yourself.
Every year, millions of students around the country take these tests. As a result, a well-taught lesson will easily captivate students. You may make a lot of money from this for a cheap monthly cost of around #2,000-#4,000.
If you’ve ever seen the crowds of students leaving WAEC/JAMB classes, you’ll understand what I’m talking about.
Gas Refilling
Do you know Nigeria consumes over a hundred thousand metric tons of gas annually (100,000mt+)? We can start a small-size gas refilling business with as little as $150,000.
You don’t need a license to operate as a small-scale retailer, which saves you a lot of money. This business has a very large market that anyone can earn from.
Freelancing
Many individuals are unaware of the concept of freelancing. They are also unaware of how to become an SEO content writer. However, providing your services to the general public is one of the best fast-moving small scale enterprises available today.
You may market your services on a variety of sites to attract new customers. Some of these platforms offer to connect you with new clients in a matter of minutes, but you should study reviews before deciding to use one. If you have a skill in any sector and want to sell your talents to the rest of the globe.
Mobile Phone Repairs
If you are patient enough to learn how to repair and maintain mobile phones, you can make a lot of money in a phone repair company. You may start a phone repair and maintenance business from the comfort of your own home for less than N50,000.
All you need to get started is some training, a laptop, software tools, and some common household tools (screwdriver, soldering iron, brush, battery tester, and so on), as well as some marketing to let people know what you do.
You will also need to establish solid relationships with quality accessory dealers. You may acquire a complete repair kit from renowned ecommerce stores for less than N5,000 and get started right away by paying with your Naira debit cards.
Ice block Production and Sale
Nigeria has a tropical climate, which means it receives a lot of sunlight and heat. People usually need refreshing cold water to keep their systems hydrated when the weather is hot.
Unfortunately, the lack of electricity makes it impossible for households to have enough cold water in their refrigerators. This is what makes ice block making such a lucrative venture. Ice blocks are required to keep water and drink cool. It is required at all times, particularly during the hot season, which lasts approximately 300 days out of the 365 days in Africa.
Car Wash
For quite a long time, car wash services have been one of Nigeria’s most common small scale enterprises.
This is because the need for car washes will always be high, and anyone, regardless of age, may start a car wash business.
You can establish a car wash that caters to upwardly mobile persons with a little more capital by building up a sitting area with a TV set where your customers can sit while their cars are being washed.
Mini Importation
The Internet has transformed trade and commerce. Importing things online through eCommerce sites such as Alibaba, Aliexpress, DHgate, global sources, and others has proven profitable for many people. This business can be started with less than N100,000.
You need to find the small, essential items that people require, search these eCommerce sites for them, find a procurement agent who will buy the items and ship them to you, sell locally, and profit.
What Are the Roles Of Small Scale Businesses in Nigeria?
Some of the roles of small scale business in Nigeria are as follows:
- They provide food security
- Small scale businesses in Nigeria provide jobs
- Helps to ensure Nigeria’s technical capacity improvement
- They help in developing the youth and also engaging them in different workplaces
- Capable of turning small businesses or firms into great corporations
- Assist in the distribution of small-scale business products to the general public.
Businesses that you can Launch with 20,000 naira
The list below are businesses you can launch with 20,000 naira:
- Sales of small bedsheets
- Shirt bulk sewing and sales
- Men’s underwear sales
- The POS and e-payment industry
- Electronic mobile accessories
- Snail farming
- Fairly used goods
- Housing Keeping service
- Home Delivery and cooking
- Cakes and confectionery
1. Sales of bedsheets
Visit Lagos Island or the main market where they sell bulk materials, choose good designs, and the sewers you will be hiring are right there. You can start with less than N100,000 and work hard to increase your profits.
2. Shirt bulk sewing and sales
A lovely side business. Most major marketplaces have tailors, but it is best to master the trade because it will spare you from all possible heartbreaks.
For instance, materials are priced between 700 and 1 000 naira per yard, sewn for 1500/2 000 nairas, and sold for 5-7 000 naira, and they are available on Taiwo Street in Lagos Island.
3. Men’s underwear sales
Plan a visit to Aba Market; Boxers can be produced for as little as N300. All you need to do is package it in 3s and properly market them by pleading with your friends on Twitter for Retweets.
4. The POS and E-Payments Industry
You can enable online banking and obtain a POS machine from your bank: You can manage e-payments for others and make your tiny change if you reside somewhere with a few banks.
I spent N200 on a withdrawal of N10,000 because the queue at the ATM was long.
5. Electronic and mobile accessories
Alibaba, Ali Express, DealExtreme, and other online marketplaces are good places to buy mobile and electronic accessories like pouches, chargers, USB cables, HDMI cables, earbuds, and more. The price reduces as you purchase more items.
Additionally, they are lightweight, making shipment easy. Offer your products for sale online or on Jumia and other marketing sites.
6. Snail farming
Because it is quite inexpensive to start a business in Nigeria, where snail farming is much more common, your company will prosper if you advertise your products well. You may launch this business from your garden.
As a general rule, remember that snails need almost a year to mature.
7. Fairly used goods
Fairly used items, including shoes, tops, t-shirts, and jeans, are available. They might come from Cotonou or Badagry. You can choose and combine them, but 100k won’t get you a bale.
Wash, and then carefully pack. All it takes to sell something is marketing, and you’ll see your money grow.
8. Housekeeping Services
Some people struggle to keep their apartments clean because they are so busy from Monday through Friday, engaged on Saturday, and just want to relax on Sunday.
You can clean six residences over the weekend, and your equipment won’t cost you up to N30,000.
9. Home delivery and cooking
People will pay well for your services because you can prepare various meals well and provide excellent customer service. You can operate this from home.
10. Cakes and Confectionery
When people rejoice, this is one industry that always enters the picture, and bakers are frequently consulted.
Cha-Cha’s Hub offers information on all aspects of baking, from small chops to wedding cakes.
Obtain the necessary knowledge, a decent oven, passion, and customer service! You will evolve! They are also open to training.
Other Small scale moving businesses in Nigeria
- Website Design and Maintenance
- Affiliate Marketing
- Plantain Chips making and Sales
- Sales of mobile accessories
- Egg Supply and Distribution
- SEO content writing/Blogging.
Here are various ways that you can earn real money in Nigeria using your smartphone.
The various ways you can earn real money in Nigeria using your smartphone is:
- Recharge card and data sales
- Social media management
- Taking part in a paid online/blockchain game
- Starting article writing and editing
- Conducting online surveys
1. Recharge Card and Data Sales
In Nigeria right now, this method of earning money using your phone is the most widespread and reliable. All other people who enjoy playing games might also get paid, but it’s not always reliable.
Every credit and piece of data you sell will get you a token, and you’ll also profit from registrations you encourage from others. The best tip I can give you is to start small and expand your business over time.
2. Social Media Management
This is when you use social media platforms to act as an online representative for a business, person, or blog. And for maintaining these brands, you will receive a monthly payment or a commission.
Why Employment of Social Media Managers is Growing in Nigeria
Due to the high volume of recurring daily customers, many businesses require a specialist to maintain their online presence.
There are different things they want you to do (for them) and ways they want you to represent them online.
The fundamental fact is that you can perform this work from wherever you are. As their social media manager, you can be in Port Harcourt while the business is in Lagos and yet perform your duties flawlessly.
3. Taking part in paid online/blockchain gaming
You may play a lot of online games with your phone in Nigeria, and if you win, you will get paid.
If you enjoy playing games, you may visit the play store to download them.
The following are ways to monetize android apps:
- Google Opinion Rewards
- Clickworker
- Foap is a well-known app that lets you monetize your photos by selling them.
- Toluna enables you to earn money by completing surveys
- Swagbucks is a website akin to Toluna.
- CashPirate
4. Start Article Writing/Editing
Another way to earn money using your phone in Nigeria is by creating and updating blog posts.
But because they believe that writing articles can only be done with a laptop or desktop computer, many people look down on this part of writing. But that is not true, with just your phone, you can make money by editing and writing articles.
5. Conduct online surveys.
Online surveys are another option to use your phone to earn money in Nigeria. Yes, you can download various survey apps from the iOS and Google Play stores, create an account, and begin taking online polls.
Manufacturers, techies, and others who want to test their goods and services before they go on sale have offered you these online polls.
Online surveys are similar to market surveys in which products are tested to determine consumer acceptance. By taking online surveys, you can earn money in cash. To withdraw your money at any moment, you need a PayPal account.
Tools Needed to make Money with your Phone
How to Make Money with Your Phone requires tools. Here are the tools or supplies you need to earn money in Nigeria using your phone:
- Smartphones
- Subscription/data
- Time
- Power Bank
1. Apple/Android smartphone
Funny how some individuals believe that any phone may be used to make money in Nigeria today.
Please let me know in the comments if this is achievable. I could be mistaken, but I think you’ll need an Android phone.
2. Subscription to Data
If you want to use your phone to earn money in Nigeria, data is the second most important thing you need.
I am unable to give you a precise amount because it all relies on your financial situation and internet usage skills.
3. Time
I don’t want to imply that you must commit the entirety of your day when I talk about time here. No! I am trying to say that you will have to take care of clients at certain important moments.
For client service at these vital hours, early morning wake-ups are required. All of them demonstrate your commitment to what you’re doing.
4. Power Bank
Even if there are more power outages in Nigeria, you shouldn’t truly rely on generators because they could let you down occasionally.
In addition, you occasionally might not even have a spare coin to keep it running. This is why you need a reliable power bank as a backup to keep you connected and available at all times.
If you get everything set up, it will be fairly simple for you to immediately begin earning money with your phone in a nation like Nigeria.
Frequently Asked Questions
What Sells Everyday In Nigeria?
- Computers and Phones Accessories.
- Food Supply Business.
- Liquid, Solid Detergents, and Soaps.
- Cooking Gas.
- Electronics business.
- Building Materials like woodworking business and so on.
- Carpentry business
- Used Clothes (Okrika) and Shoes.
- Soft Drinks.
Most profitable business in Nigeria
- Becoming an Uber Driver
- Social Media Marketing
- Graphics design
- Selling Cold drinks and water
Daily Income Business In Nigeria
- Barber Shop
- POS Payment Service
- Food Vendor
- Okirika (OK) Clothes and Shoe Business
- Transportation business
- Bakery Business
Other Searches- 7 easy steps on how to raise capital for your small business in Nigeria
Conclusion
Small businesses are beneficial since they allow you to expand while making money.
This allows you to broaden your business experience and gain a deeper grasp of business operations.
If you’ve been looking for a fast-moving small-scale business to start in Nigeria, you’ve come to the right place.
You may select any option from this list that best meets your needs.
