In this post, we outline some of the best and effective small scale business ideas. Some of them can be started with very little capital. It covers ideas that can help you make money online and offline also in Nigeria.
The best part is that you can possibly operate many these businesses mostly with the internet from any location even when there is lockdown, they are mobile and absolutely stress free with the right tools.
1. Blogging
If you can write or have the capacity to learn how to write, start a blog. Blogging is a good way to continuously make money online in Nigeria. All you need is internet access, good research skill, an interest, and a laptop and some spare time. Your most important and perhaps expensive investment in a blogging career is your time.
Also, since you would want people to find your blog posts without manually promoting it all the time, you would need to learn how to optimize your posts for search engines like Google, Bing, Yahoo search and others or hire the services of an SEO Expert.
Set up a free blog with Blogger, WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content like articles, videos, pictures, music and so on, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.
2. Information Marketing
This is an internet-based business that is effective in Nigeria. Do you know anything that people don’t know much about, a research, a solution, a formula that is always in high demand or know something that other people know but can present it differently or know someone who knows something that others may not know?
You may be on your way to making money by packaging the information in the form of a report, an ebook, a video, or audio and sell it online.
Take note, you do not have to write it as there are many resources online to help you. You can outsource the writing on Fiverr, buy master resell rights or private label rights books, rewrite and rebrand to your choice and sell. This takes time as you need to gain the trust of your customers and having positive reviews with verifiable means or source has proven very effective and helpful.
This online money-making opportunity is a lucrative business in Nigeria anyone can start with little or no investment. An affiliate marketer is one who helps companies or individuals sell their products and earn a commission.
Products you can sell online here can be digital products or physical products. You can sign up with as many affiliate programs as you can handle such as Amazon, Konga, Jumia, etc and use your affiliate links to promote the products through social media or by creating dedicated websites. Many people in Nigeria have earned thousands through affiliate programs marketing and sales.
4. Website Design, Maintenance and Mobile Application Building
The world has a lot of things online now, many businesses that are in trend now have an online presence. Many high net worth individuals like politicians, chieftains of corporate organizations and successful business people are now using online tools such as websites to promote their brands and personality. This trend has increased the demand for website designers.
If you learn how to use common design tools and build excellent websites, you are in for good business. To be successful, you need to know how to design professional websites, create web graphics, build web pages, and upload web pages to the server.
Other skills you will need include domain name registration and how hosting services work. As you gain capacity, you may add domain name registration and host to your service bouquet.
5. Digital Recharge and Call card Business
This type of business is also known as the recharge card and DSTV/GOTV business in Nigeria. There is hardly any adult who doesn’t own a phone and many households have installed satellite TVs with decoders that needs to be recharged or loaded.
This is one of the reasons the recharge card and TV recharge businesses are doing well. This is a mobile business, which is also available on many online platforms like Opay, palmpay, Recharge and get paid and many more platforms. Tap into this market today, get your customers informed and start making profit.
6. Sports Betting Agency
Thinking of how to currently make money in Nigeria? Think sports betting. This has become a goldmine business in the Nigeria of the present as the young and old take advantage of their love for football to make money while enjoying the popular game.
This also explains the reason there is an upsurge in sport betting companies (eg betnaija, betking, etc). The sports betting companies need agents to relate with players directly.
You will need a neat and fairly large environment with ventilation for office space ( a shop will do), a generator, a computer, a POS printer, internet connection, and a fixtures board. Next, you sign an agency or contract agreement with your bookmaker.
With some companies, you make money in three ways: board game, virtual game and deposit or funding you make on behalf of your customers.
With about N150,000 for a start, you can sure be in this business and begin to smile to the bank.
TAKE NOTE BETTING IS RISKY AND YOU CAN LOOSE ALL YOUR MONEY, BUT IT IS CURRENTLY A BUSINESS POPULAR AND PROFITABLE IN NIGERIA. These is just a suggestion and idea. Have a nice day.
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