Many youths in Nigeria look forward to monthly salaries and forget that they can also get involved in businesses that will fetch them little amounts daily that can later amount to even more than what most monthly salary earners get at the end of a month.
Five thousand naira per day does not seem like much until you calculate it long term, which is monthly or yearly. This is about N150 000 per month and almost two million naira in a year. You must bear in mind that the businesses listed below demand just as much hard work and persistence in order to be successful at it. If you put in your best at any, you will make N5000 or more per day.
This is one of the easy ways people make money online. All you need in order to run a freelance business is a skill, good internet connection and a mobile device. With freelancing, the more people see how good you are at what you do, the more patronage you will have. Freelancing does not have to do with writing only. It could include any of the skills below:
- Graphic design
- Transcription & Translation
- Web design
You also do not need a degree certificate in order to be a freelancer. There are many freelancing sites on the internet. All you need to do is be well skilled at something.
You can run a program to train students at different levels such as those about to take certificate examinations, those who want to be better at their communication skills, those who want to learn how to play musical instrument etc. Places you can advertise this includes schools, youth centres etc.
In most suburbs in Nigeria, the minimum amount you can get a haircut for is N400. Not to talk of major towns or cities. In some towns, guys get to cut their hair for as high as N1000. It is almost impossible that you have only one customer in a day. Therefore, if you set up a barber’s shop and offer excellent services as well as good customer relations, you will make more than N5000 per day, enough money to foot your shop bills and make profits for yourself.
Another option with the barbing business is that you employ people to do the barbing. You will make enough to pay salaries and your employees will also give you returns on a daily or weekly basis.
Note that the location is very important for your barbing business. Ensure you measure the demand, which includes the number of men in the area and how many barber’s shop already exist there or figure out what you can do differently in order to stand out.
The transport business is one underrated by many people. Many think of it as dirty work since you drive people around. However, many drivers and others involved in transport businesses make more money than some in white-collar jobs.
You do not have to be the one rendering the services directly. If you have enough capital, you can buy a car, bus, bike or tricycle (other wise known as keke napep) and get a driver to do the job. This driver(s) will turn over your profits at the end of the day or month (depending on your contract agreement)
If you do not have a vehicle and cannot afford to buy one, you can also apply to an already established transport company. There are many around and they are always in need of drivers.
A beauty salon
This should not be a surprise. The fashion and beauty industry holds huge business opportunities. This is because there is always a demand for services in these fields. Women always make their hair. As long as you are well skilled in hairstyling, you will make money. You do not need a certificate or degree in order to make hair. You can also start small by making do of any space available to you. You can then save up to own a shop and get daily returns of nothing less than N5, 000. In addition to rendering the service of hairstyling, you can also sell beauty products.
Owning a Gym house
This business requires capital, so as to set up a gym house and then put in the necessary equipments. Both men and women are becoming more aware and concerned with their body fitness. At some gym houses, membership fees cost as much as 10,000 and even higher. Setting up a gym household huge business opportunities especially if you set the business up in a town or high-end environment where people are willing to pay the cash.
The world itself is a market place with transactions going on here and there. It is no surprise to see that many wealthy people are those who sell. It is not so difficult to find out the products one should sell. All you need to do is observe products in high demand and with low supply especially in the area you want to set up. You need to be smart in order to look out for business opportunities.
With the world becoming more digital, you can now make sales of whatever product you wish without having a physical shop, all you need to do is open a social media account or website and upload your goods there. You will be able to reach thousands of potential buyers and make sales
There are over 11.8 million licensed cars in Nigeria. Many families and individuals have private cars. This goes to show you the huge potential business opportunity available in car-related businesses. Many think the car wash business is just a petty roadside business that brings in little money, this is not true. There is much money to be made in this business. A car wash business requires a good location. For example, a city where people who own cars are too busy to wash it on their own is a good place to set up a car wash business.
Renting out properties is one of the easiest businesses you can have. All you need is capital to buy whatever it is you want to rent out. Equipments you can rent out include:
Canopies, Chairs and halls for events
Cars for transport services
Lights and sounds equipment etc.