1. Network marketing: Haven't been previously involved in four different network businesses, i can bodly tell you that this is the most lucrative of all businesses. The reason is simply because you earn both from your efforts and also from the efforts of others under your network(downline) and Nigerias' about 170 million people population makes recruitment into the business easy. You can start a network biz with just #2000 and go all out to make a fortune as long as you know the nitty-gritty of the biz. Care must however be taken with proper research and investigation done as most multi-level marketing plan this days are fraudulent. Subscribe to the RSS feed to get the article on the top 7 most reliable network marketing companies in Nigeria.
2. Bulk sms service: With less than #12000, you already own a bulksms company and on the route to success. This business like most others however require determination, focus, hardwork and patience. Once you are known and already have a large customer base, you can only go forward and never backward again in this business. It's really rewarding.
3. Agricultural products sales: If you can enter the hinterlands with some cash to buy farm produce especially food crops like yam, beans, yamflour, vegetable oil and so on to sell at the city, you will find how rewarding this business can be. For example, 12 big tubers of yam at most villages sell between #600-800 and the same tubers sell at between #1500-2500 at most cities which can be over 100% profit. What more can be lucrative?
4. Laundry and dry cleaning services: This is the cheapest biz of all 7 as you may start a laundry with no capital at all exploiting the free gift of nature via handwashing but it must mind you be done with professionalism so as to build a large customer base at which point you can now afford the necessary equipments needed for operation on a large scale.
5. Barbecue joint: Garnishing catfish with spices and vegetable oil in foil paper you would agree with me is a very rich recipe most Nigerians will pay anything reasonable for. Value addition to a fish bought at let say #400 will definitely raise the price to around #1000. This can be highly profitable in a good location where sales is high.
6. Art collections: Local artistes, craftmen and painters can be patronized for beautiful art pieces at ridiculously low prizes and be sold for handsome amounts as long as you can get a market and the good news is that their is a large market for brilliant art works.
7. Clothes, shoes and accessories sales: A trip to balogun idumota in Lagos, Ogunpa in Ibadan, Aba, Onitsha and other big wholesale markets for clothes, shoes and other accessories in Nigeria will definitely be worth the stress when the profit made on sales is considered.
So my dear reader, i hope you've now seen that discovering yourself, your passion and ability together with a very big positive attitude and not necessarily a very big starting capital and with God behind you, this nation will soon celebrate you.
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