15 Hidden Business Opportunities In Nigeria: There are a good number of businesses out there that can fetch you real money, many don’t draw their minds to these businesses for reasons being that they belong to low class individuals of the society
Starting a business is not easy; factors like stiff competition, tax, inadequate power supply, and naira-to-dollar exchange may scare or fold-up a business, hence some entrepreneurs think twice before venturing into it
Do not be afraid to go into business, all you need is the right information and the needed experience, experience is key when you want to open a business, so it is better to learn from someone else’s experience or learn the hard way
There are hidden business opportunities in Nigeria that can turn your economic and business life for good if ventured into, the good thing about these hidden businesses is that their start-up capital requirements are small
Do not be scared going into these hidden businesses, it is making a lot of people millionaires every year, there are chances of succeeding in these business
Without wasting much time, let us unveil some 15 Hidden Business Opportunities In Nigeria
15 Hidden Business Opportunities In Nigeria
Palm Oil Storage
Palm Oil storage is a lucrative and profitable and one of the hidden business opportunities in Nigeria, when you buy during harvest or surplus and store, for 6 months or more, the price doubles
A 20 liter of Palm oil goes for 30,000 naira during harvest or surplus, but becomes expensive when it is out of season and can be sold for about 60,000 naira to 80,000 naira
A cousin of mine in Otukpo Benue state, goes to the interior villages, buys 500 gallons of 20-liter each, and stores them in a warehouse in Makurdi
After 6 months, he sells to companies in Lagos and Kano for 70,000 naira per 20-liter
States Producing Palm Oil in Large Quantities in Nigeria
Benue
Cross River
Rivers
Delta
Edo
Bayelsa
Enugu
Akwa Ibom
Anambra
Ebonyi
Osun
Ondo
And others
Phone Accessories Business
Selling phone Accessories such as selfie sticks, micro SD Card, power banks, portable Bluetooth speakers, headphones, screen protectors, smartphone cases, and covers are profitable
This is because, phones develop issues that must be fixed, so, phone users don’t hesitate to fix their phones when they develop faults.
Fashion Designing Business
This is the latest trend in town, fashion designers don’t only cash out during festive seasons, but almost daily.
To be a successful fashion designer, you must possess great skills both hard and soft to become a successful. Skills such as art skills, sewing and crafting skills, creativity, communication skills, In-depth knowledge of fabrics, leadership skills, etc.
Mini importation
This involves importing certain products into the country at cheap prices and selling them for profit
With a small budget or fund in your pocket, you can import goods such as bags, electronic equipment, cosmetics, jewelry, and mobile phone accessories and sell for profit
Platforms where you can buy cheap goods include Ebah, Amazon, Aliexpress, and Alibaba
Agricultural Storage Business
The food business cannot go extinct, humans and animals must eat, therefore Agricultural Storage is one hidden business making people millionaires
Agricultural Storage involves buying agricultural products in their raw and unrefined form when it is cheap and newly harvested and storing them for some time
This business is lucrative if you are close to farmers at the local levels, you buy from them during harvest and store-up in your warehouse for some time, when prices might go up
There are some raw materials highly needed by our industries to produce most of the basic food we consume including agricultural products like;
Maize
Beans
Millet
Soya beans
Sorghum
Guinea corn
Rice
Groundnut
Unpeeled melon seeds
Bambara nut
And many others
Let us exemplify this, during harvest, a bag of Groundnut goes for 33,000 nairas when you buy at that rate and store it in your warehouse for 6months, when it is scare, a bag of groundnut goes for 88,000 nairas to 110,000 naira depending on location if you buy from the northern part of Nigeria
Imagine buying at the rate of 33,000 naira and selling for 88,000 naira, and you buy 100 bags and store, you will be making 8,800,000 naira, your profits will be 8,800,000-3,300,000=5,500,000 naira
Some of these products sell high in some southern states such as Lagos, Rivers, Anambra, Enugu, Abia, Ogun, and many others
See 10 Verified Platforms To Earn From
States with Surplus Foods in Nigeria
If you want to go into Agricultural Storage Business, it is important to target the following states, to buy cheap during harvest and store them in your storage facilities
Benue, Nasarawa, Nigeria, Kogi, Plateaux, Kwara, Kebbi,Gombe, Adamawa, Jigawa, Yobe, Borno, Taraba, and Kaduna
Selling of Honey Business
Selling Honey is one of the Hidden Business Opportunities In Nigeria, this business is grossly rated, many don’t have any idea how to get into it, while other see it as a business for the lower class
But the truth is that you can become a millionaire if you venture into buying and selling honey
Before we proceed, it is important to that, a lot of people don’t take sugar due to health challenges, many seek for alternatives to sugar, and the best alternative is Honey-a harmless natural sweetener.
It is used as an antioxidant, antibacterial agent, anti-inflammatory, and natural cough syrup
Therefore, the demand for this product is high, when you buy and store when it is cheap, you will get high Rate of Return
Honey-producing states in Nigeria
Visit the following states during harvest and buy in the largest quantity for storage
Benue, Adamawa, Kogi, Nasarawa, Kaduna, Niger, Plateau and Kebbi
Cosmetics Business
Yes, Cosmetics is one of the Hidden Business Opportunities In Nigeria, this is because, fashion and facial beauty is now everyone’s business. Males are catching up when it comes to using cosmetics products, making the market larger and bigger
To prove this point, a senior colleague of mine when into cosmetic business, within 6 months, she opened 4 branches in Enugu, Minna, Makurdi and Lokoja, if the business wasn’t profitable, she won’t have opened branches in the above mentioned states
Cosmetic products such as Concealer, Lipstick, Lip balm, Mascara, Highlighter, Eye shadow, Setting Spray/Powder, Moisturizers, Foundation, Lotions, Ointments, Gels, Creams or emulsions, Face powders etc are used on a daily basis in the whole world
Blogging
Blogging is an online business that is paying hugely, all you have to do is to look for a lucrative niche, write good and decent content, then monetized your blog with any of the ad companies
This is a Hidden Business Opportunities In Nigeria that is yet to be fully tapped, it does not require much capital, you only need to have an experienced mentor to guide you through
Requirements to be a blogger include have a PC, internet connection and tutor, you also need to have good content
SEO Optimizer
Search Engine Optimization is one hidden business opportunities in Nigeria that people fail to reckon with, as an SEO expert, you do SEO on websites and commensurate pay for your effort
Rearing of Livestock
Rearing livestock is a also among the hidden business opportunities in Nigeria, this is because, there is no way you have your mill without a piece of flesh; everyone eat Meat, Fish, Egg at one point or the other daily as protein, making livestock farming ever lucrative and profitable
Of Couse, Rearing livestock include the management and breeding of domestic or farm animals such as, poultry, rabbits, and snails, cattle, sheep, goats, pigs for in commercial quantities.
This business opportunities is mostly practiced by commoners and herders, it has made them millionaires, there is much gain in rearing animals in Nigeria, since the nation is not economically sufficient in livestock production
Some of the lucrative livestock farming in Nigeria
Pigs
Snails
Rabbits
Sheep
Honeybees
Fish
Poultry
Goat
Cow
Crop Farming
Every day we wake up, we eat, there is no day that passes by without one eating, the population of the world is approaching 10billion, and food production isn’t meet the demand of population explosion
In Nigeria, we are still consuming imported food, this is must be corrected, going into food farming is not just a hidden business opportunities but a solving hunger at the national level
There are profitable crops that are in high demand, these include cassava, maize, rice, beans, yam, plantain, sweet potatoes, Melon, Bambara nut, and vegetables other
A friend of mine left his work as an Auditor in a private firm to farm in his LGA, as of Today, he owns a three bedroom flat, and a nice ride all within two years
Jewelry Business
You may be wondering why is the jewelry business is among the hidden business opportunities in Nigeria, well, you stand a chance to become a millionaire overnight if you target the right people and location
Though the jewelry business is a bit competitive, but people with class and vigor still use jewelry
The secret behind this business is simple and straight forward, which include
A market survey and product requirement study,
Develop a marketing strategy,
Pick the right niche and target the right market,
Promote your business online,
Consider building a good relationship with your customers.
Beauty Salon
People are into beauty, everyone wants to look good and feel among, this is another hidden business opportunities in Nigeria
Running a beauty salon for treatments and services to people, including treatment of hair, nails, makeup, skin, and cosmetics treatments, are among the fastest way to become rich over night
The strategist about this business is not to make profit at first, but to retain customers; this is done by rendering services that meet customer’s satisfaction
By so doing, you can your works or services will speak for you. More so, before nursing the idea of running a beauty salon, before you open one, a strong business plan and preparation, the right niche, and capable hands and knowledgeable workers is a must have to succeed
15 Hidden Business Opportunities In Nigeria
SEO Analsyt
Beauty Salon
Palm Oil Business
Phone Accessories Business
Fashion Designing Business
Mini importation
Agricultural Storage Business
Selling of Honey Business
Cosmetics Business
Blogging
Rearing of Livestock
Crop Farming
Jewelry Business
Conclusion on 15 Hidden Business Opportunities In Nigeria
This are the hidden Business Opportunities In Nigeria you can dive into and make it big time.
Before venturing into them, make proper findings and research about your areas of specialty to reduce cost and financial loss