Have you been yearning to start a business but have no idea what to invest in? Or you even had a business sometime ago that did not do as well as you expected? Not to worry.
There are some businesses in Nigeria that is sure to make in cash for you and we will give you a few of these options.
Here are the 5 Lucrative Businesses That Will Fetch You Serious Money;
1. Poultry Farms
This kind of business is very lucrative. Even some foreigners are coming to Nigeria to invest into it. If you start with a farm of 1,000 chickens and will develop it properly, you will be earning nearly N30 million annually.
If you think you have a head for poultry or know someone who can head such a business, then quickly invest in it.
2. Second Hand Clothes or shoes
Many Nigerians actually do not mind wearing second hand clothes or shoes that are still in very good conditions. If you are able to ask those who are into the business and they show you a good source for getting goods, we assure you, in no times, there will be a lot of money coming in.
Electronic commerce is the easiest kind of business to start. The best thing about the e-commerce is that you have already millions of online “customers”. You just need to turn them into buyers of your products. Do not just be online for nothing. Use it to make money.
Benefits are – Low start-up costs, changes can be made instantly, the potential customer reach, and you can easily measure results with cost affective online marketing.
4. Furniture business
A lot of profits await you in the buying and selling of furniture. You do not have to be a carpenter to do this. You can simply contact trustworthy carpenters in your area and arrange a steady supply of furniture items to display in your showroom. This is a big scale enterprise due to the fact that only a few people can afford imported designers.
5. Fast Food business
You need decent customer service, management skills and capital in order to set up an eatery and make sure that everything runs professionally. You can set out on your own and create your own brand, or buy in to an already established business franchise, such as Mr. Biggs.