Home-based Businesses in Nigeria
You are highly welcome to this page where opportunities meet with preparation as I have always said. I know it for sure that you are interested to read this article not because you want to learn grammar but simply because you understand the meaning of the topic above and you can not wait to be informed about the home-based businesses in Nigeria.
Just as you are so keen to read down the line! Believe me, so many fresh Nigerian graduates are also reading alongside with you. Some have even read this article before you do. Relax, nothing to worry about, you are not here to compete with anyone neither are you here for a job needed by a million job-seekers. This article, Home-based Businesses in Nigeria will elevate you from being a job seeker to a job creator. I bet you! Before this year ends, you will be making money while you sleep at home.
I will first enlist the top five home-based businesses in Nigeria and therefore hint you about some of the five home-based businesses in Nigeria I have enlisted. Allow me to quickly say this; what is the reason why fresh Nigerian graduates run away from business? Oh! You have never thought about that? The answer to the question is not far-fetched. Many fresh Nigerian graduates today run away from business simply because they don’t want to risk anything. They are lazy and coward is the name I call them. A philosopher once said “when you risk nothing, you lose nothing but you become nothing”. As simple as that, a farmer who plans to plant nothing should plan to harvest nothing as well. Many fresh Nigerian graduates today just want to work under someone and get paid because they wouldn’t have to care about anything, whether the company is losing or gaining is none of their concern. They just want their salaries at the end of every month, cowards.
Below are the top five thriving home-based businesses in Nigeria:
- Catfish Farming
2 Paints Production
- Estate Management
- Poultry Farming
- Training/Tutorial Center
I shall calmly brief you little details on some of the five money making home-based businesses I listed above and before I conclude, I shall not drop my pen without telling you how to start your journey of becoming a job creator who makes his money 24/7 even while he’s asleep at home.
Firstly! Do you know that one of the fastest growing business opportunity in Nigeria is catfish farming? The primary reason I listed catfish farming as one of the fastest business opportunities in Nigeria is because it is an emerging industry that has not reached its peak or full potential. The major participants in this business are usually regional farmers. What this means in essence is that each major farmer in the catfish farming industry is focused only on a particular business terrain within the geographical location of the farm.
Now, for those who do not know, there is a bill being proposed recently by the Federal Government of Nigeria to ban the importation of frozen foods. Once this bill is passed into law by the National Assembly, the local fish farmers will smile and you will be left behind. So why not position yourself now?
Furthermore, Paint production remains the most reserved home-based business many people don’t know about. As at year 2015, paint importation reached its peak at 92%. This means that only 8% of paint use is produced or mixed in Nigeria. Research shows that at least 2 million drums of paint are used yearly in Nigeria. Yet only few know and milk the profit of this home-based business. According to a production manager in one of the leading paint company in Lagos, paint production or mixing can fetch one a hug profit as high as 200%. The most amazing fact about paint production or paint mixing is that you can start without a capital. Dear friend, what can a fresh Nigerian graduate like you desire again. A home-based business which can be started without a capital! How is it a home-based business? In painting business, you don’t have to hawk, you can control your clients and supply your products right from your home.
If you don’t know how to achieve this, you’re welcome to the new era. With the use of Facebook and Instagram, you can showcase your products and samples. Right in your home, you can produce or mix your paint and get it to the site where it will be applied without leaving your home. Also, without a dime you take on a paint job and realize a hug profit at the end of the day. You can achieve every production by optimum utilization of the upfront from your clients and get the whole of balance bouncing into your bank account.
Meanwhile, I have met a lot of individuals with money piling up in the bank, but they don’t seem to know what to do with that money. Yet, on every business trip I make, I hear stories of people facing accommodation problems; not because they can’t afford it but because there is none within their choice of location.
Also, I hear woeful stories from students in various universities and other high institutions who live under harsh conditions; not because they want to or can’t afford a comfortable place to live; but because there is no conducive apartment in close proximity to the institutions.
I also know the stress, effort and resources it took me before I got an office space both within and outside Lagos. What these facts or complaints are pointing to is that there is a massive need for buildings, both residential and commercial. It is a known fact that shelter is one of the basic needs of life. As a fresh Nigerian graduate, there is cool home-based business here for you. Reach out to many landlords and landladies, persuade them into legal agreement, you fill their houses with tenants and get commission. Nothing is easier to do as a business than Estate Management. In no time, you have succeeded in life.
With respect to poultry farming, the ban imposed by the federal government of Nigeria with respect to the importation of live or frozen poultry birds has only helped explode the demand. To be honest with you, livestock farming in general is a booming business in Nigeria and the trend is not dying anytime soon.
You can start this business from your backyard, home-based business. With over 170million mouths to feed daily, this business can’t liquidate centuries to come.
In conclusion, home-based businesses in Nigeria are not limited to the list above. With more research, you will surely uncover more of these opportunities. However, the point I want to stress is that having the capital to invest in these opportunities does not mean you will succeed at it.
More important than your capital and the business opportunity is to make sure you have adequate understanding about the business you intend venturing into.
Knowledge and experience are the prerequisites for low risk business and investment.
These are the top home-based businesses in Nigeria that I have no doubt that you can venture into and in no time you can stand up on your feet to work and achieve what many people go down on their knees to beg for. If you can believe in yourself and risk what only looks like a risk but absolutely a treasure for those who face it straight on. Start a business today, if not on big scale, do it in your scale. Keep succeeding.
Nurudeen Olaide Binuomote
BUSINESS CONSULTANT- AUTHOR - SPEAKER - SERIAL ENTREPRENEUR - BUSINESS COACH
He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.
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