Are you looking for a high paying side hustle to start in Nigeria? If yes, this amazing article will help you make real money online and offline. It is easy, and simple and anyone can do it. The best way to earn extra cash is by doing something that you love.
Explore the 10 practical high paying side hustle to start in Nigeria.
What is a side hustle?
A side hustle is something you can do alongside your routine or daily job to make more money to add to your income. They can be hobbies or something you love doing.
Side hustles have become very popular in the past few years. And with good reason, because side hustles are fun to do, and you can make some serious money doing them. In fact, we think everyone should have at least one side hustle which is a way to make money on the side from something they enjoy.
That is why today we are going to teach you how you can start an amazing high-paying side hustle from anywhere in Nigeria.
10 Practical High Paying Side Hustle to start
Here is an amazing opportunity to start your own business and enjoy an extra income. The most amazing part of this is that this isn’t any form of investment but just a straight and easy way to earn extra money daily. They are:
- Dry cleaning and laundry services
- Blogging
- Liquid soap production
- Baking
- Poultry farming
- Car wash
- Selling cold drinks and pure water
- Uber driving
- Affiliate marketing
- POS services
1. Dry cleaning and laundry services
Dry cleaning and laundry services is a lucrative business and one of the 10 practical high paying side hustle to start in Nigeria. As people get busier and more engaged in their day-to-day activities to do their own laundry, starting up this business would be effective and it takes little capital to run it.
What is required to start up this business?
- Small generator
- Pressing iron and table
- Hangers
- Washing machine
- Source of water and also situating your business in a residential area with an epileptic power supply is important and can fetch you more money.
2. Blogging
This is one of the most popular sources of income these days. Being a good content creator/writer, having access to the internet, putting in a lot of time and dedication, having a laptop, and keeping up with the latest gist, fashion and news are good ways of being a successful blogger.
3. Liquid soap production
The market for liquid soap is becoming vast, and the product is needed by every household, school, supermarket, hospital, and other shops. Starting up this business is easy and can be run in the convenience of your home. We all know the population is increasing, so as the demand for the product, and with a little capital and good packaging you can make money from starting up this business.
4. Baking
Nowadays people earn a lot of money from baking. The baking business is a good one and being good at it is even better because you would gain a lot of referrals from it. All you need is to open a social media account (Twitter and Instagram) where you can upload all your baked products, use the right hashtags to show your skills, and take requests from different people who need cakes for weddings, birthdays, and anniversaries.
5. Poultry farming
Poultry farming is another successful business you can start with low capital and one of the 10 practical high paying side hustle to start in Nigeria. Nigeria’s poultry industry has the second-largest chicken population in Africa. Poultry farming is the form of animal husbandry which raises domesticated birds such as chickens and turkeys to produce meat and eggs for food. What is needed to start up poultry farming is choosing the type of poultry bird to rear, selecting a suitable farm location, and providing good shelter for the birds.
If you want to go into agriculture, there are other lucrative businesses in Nigeria you can startup. For example:
- Pig rearing
- Fishery
- Dog breeding
- Growing and selling rice, cassava, and maize
- Egg farming
6. Car wash
The car washing business is another type of business that can serve as a high paying side hustle business as it has been one of the most popular businesses in Nigeria for a long time. It is important to position your business along a busy road and having a good source of water is important as well.
7. Selling cold drinks and water
In starting up this business, not much capital is needed. Nigeria experiences hot seasons many times a year and people constantly need to stay hydrated during this period. The sale of cold water or drinks thrives well in homes, schools, markets, and other busy places.
8. Uber driving
If you are a skilled driver and looking for a business to start up with little investment, then driving an Uber is one of the many businesses you can run as a side hustle and make money out of it. It is legal and legit.
9. Affiliate marketing
This is another distinct internet-based business that has helped change people’s financial status. An affiliate marketer is someone who helps people promote their business or help advertise their products. You can learn how to make money with affiliate marketing in Nigeria to scale through.
10. POS services
We all know going to the bank and meeting a long queue can be exhausting or experiencing an irregular network service at an Automated Teller Machines (ATM), which makes people sort after a more convenient way of receiving money or performing transactions. Situating your Point of Sale (POS) business in a populated or crowded area with pedestrian traffic like motor parks, school environments or markets can be good for the business.
How can I start up a High Paying Side hustle business with a small capital?
Side hustles have helped thousands of entrepreneurs build businesses and become leaders in small business, even getting investment funding for their startups. You can start by:
- Writing a business plan: Just having an idea without mapping out a plan is not enough to start up a business, a proper business plan can prevent some mistakes from being made. A business plan is writing, mapping out, or outlining what you want to do and how you plan to do it. Before starting a business you ask yourself a few questions like; who is going to be your clientele? What type of services do you want to render? And what is the purpose of your business? All these questions can be answered in a well-written business plan.
- Getting your capital ready: Before you can think of starting a business, you need to get your capital ready; you should determine how you would cover the cost, if you have the funds to start up or if you need to borrow a business loan to fund your business.
- Picking your business location: Picking out a business location before starting up a business is very important. The business location you choose to pick should be in line with the type of business you want to start up whether you’re setting up an online to an online store or a brick-and-mortar business.
- Choosing a business name: Choosing a business name is difficult, so in choosing a name, pick one that reflects the type of business you want to do and also make sure someone else has not used your business name.
- Registering your business: Registering your business is another step to take before starting up a business. Once you are done picking out a name for your business or brand, you’ll need to register with the Federal, State, and Local governments in other to protect the name you have picked.
- Opening a business account: You would always want to see the profits you make to know if your business is thriving or not and opening a business account can help you handle that. A business account helps to protect account holders by donating private liability of protection by keeping your personal and business funds separate. With the right registration and paperwork opening a business account can be easy.
FAQs about starting a business
How can I start my own side hustle business with no money?
You can start up a successful business with little to no capital and here’s how; first you need to work on a business idea that centers on the business you like to start up. You should also note that when working on a business idea, keep working in your current job to avoid financial risk.
What is the easiest business to start?
The easiest or fast moving business to start is one that doesn’t require too much training to start or needs expensive tools/materials and also requires little to no capital or funds.
When is the best time to start a business? Each person’s ideal time in starting a business varies. This means you have to decide how much time and attention you put into the business you plan to start up.
Why is a business plan important and who should write it?
A business plan is important because it helps you map out or create a blueprint for the business you want to run. A business plan is a documented guide that details the future of your business. Who should write it? You, the entrepreneur, should write it because no one knows your ideas or goals you want to attain better than you do.
Why is location an important aspect of my business?
Picking out a good location plays an important role in attracting customers and can significantly boost your business’s long-term performance.
How can I improve customer service in my business?
We all know of the saying “customers are always right”. So to make this happen, you need to bring up a strategy that puts your customers first and your customers will receive the best service. This doesn’t mean you should be lenient with your policies but you have to be flexible. Reviewing the most common reasons for poor customer service can also help prevent a lost customer from spreading discontent about your business.
Conclusion
Are you ready to start up a side hustle business in Nigeria with little to no capital? With these 10 practical high-paying side hustles to start in Nigeria, you can own a successful business within no time. There are other small lucrative and successful businesses in Nigeria you can start up with little to no capital and being an entrepreneur gives you more time to engage in other activities. To achieve your desired goal of starting up a side-paying side hustle in Nigeria, you need to be more dedicated, hardworking, and ready to learn.
