Do you want to know about the 26 businesses in Nigeria that can make you money every day and how much they cost to start? If the answer is yes, then there are many job opportunities in almost every industry.
There are businesses in Nigeria that will give you money every day. In Nigeria, these ways to make money make sure that your pocket never runs out.
To go even further, we suggest that you look into profitable small business ideas in Nigeria and start your own company to make money.
The ideas in this article will help you start a business in Nigeria that makes money every day from something you enjoy. Plus, some other good Nigerian business ideas
Daily Income Businesses in Nigeria and starting cost (2023)
The Nigerian economy is still mainly made up of the business and services sectors. Making money every day is a real business.
We’ll talk about some businesses that can make you money every day that you can start right now. These are them:
- The business of raw foodstuffs
- POS payment Service
- Freelance/SEO Content Writing
- Food vendor business or Restaurant
- Makeup Artist/Studio
- Daycare centre
- Dry cleaning business
- Bakery business
- The business of graphic design
- Phone repair business
- Fitness centre business
- Transportation business
- The business of Jewelry
- Party equipment rental company
- Nursing home business
- Business of poultry farming and egg sales
- Cosmetics business
- Plantain chips production and sales
- Production and sales of ice block
- Production of liquid soap
- Car wash business
- Importation and sales of Okirika clothes
- Marketing of daily information online
- Affiliate Marketing
- Becoming a virtual assistant online
- Call card business
1. Business of Selling Raw Foodstuffs
Most Nigerians love food and would rather eat home-cooked meals than fast food. You can start a business selling rice, beans, garri, and other foods that are used in cooking.
Here, you go through the steps to rent a store near the market and start selling your goods. On good days, you can make about #5,000 – #10,000 a day.
Starting Cost
You can start with the sum of #150,000 to #450,000.
2. POS Payment Service Income Business
One of the businesses in Nigeria that can make you money every day is a point-of-sale (POS) service. The start-up cost can be anywhere from #20,000 to #300,000. Some people no longer wait in long lines at ATMs just to get their money.
It’s easy for them to find a POS stand, pay as little as #100, and take their money out.
3. Freelance Writing
A lot of people in Nigeria want to know how they can start a business that makes them money every day. Writing for money is on one of the lists. A lot of people may know how to start, but they don’t know where to start.
Check out online platforms for freelancing and jobs that you can do from home as a first step. It’s an hourly rate, and you get paid when you finish a piece of writing.
You can also learn more about how to become an SEO content writer by going further. If you know how to use SEO in your writing, that’s an added bonus and a way to make money every day.
Starting Cost
Nothing. Just your phone and your internet connection.
4. Food Vendor Income Business or Restaurant
Do you love to cook, or do you want to learn how to do it professionally? Then you might want to open your own restaurant. If you love cooking, you can start your own food truck business. In Nigeria, people call it “Mama Put,” and starting one doesn’t cost much money.
You can start with simple, everyday foods that everyone knows and loves, like soups, rice, beans, yams, and so on.
Starting Cost
#70,000 to #150,000
5. Makeup Studio Income Business
A makeup studio is a good way to make money every day in Nigeria. You can start one for as little as #70,000 or as much as #200,000, which includes renting a store. You make money every day from people who come here. You can make #20,000 or even more a day if you learn how to be a makeup artist and start your own business.
6. Daycare Enterprise Income Business
Because moms have to go back to work after giving birth, daycare centres make a lot of money every day by setting up a school canteen and selling cookies to the kids.
They also get money every day from selling things like school uniforms, pens, textbooks, notebooks, and stockings.
You might want to open your own daycare. Now all you need to do is get your business registered and buy the right tools.
Starting cost
#50,000 to #200,000.
You can rent a small apartment that can cost you #10,000 a month.
7. Dry Cleaning Income Business
In Nigeria, dry cleaning is one of the industries that is growing the fastest and making the most money every day. When people are too busy, they might not have time to wash their clothes. This is why the dry cleaning business keeps doing so well.
Starting Cost
#70,000 to #300,000. You can choose to have different washing machines and rent more space.
8. Bakery Business
People in Nigeria like baked goods like bread and cake. Make sure you know everything you need to know about this business before you start it. You would need to go to a catering school and learn how to make different kinds of cakes before you could start.
Starting cost
#50,000 to #150,000
9. Business of graphic design
If you are creative and artistic, you might want to look into becoming a graphic designer. Even if you have never designed anything before, you can learn how to do it from scratch.
This kind of business in Nigeria is a sure way to make money every day.
Starting Cost
#80,000 to #200,000
10. Phone repair business
Businesses that revolve around the use of phones prosper since everyone has a phone that needs to be repaired at some point. You can learn how to repair phones so that you can make money repairing phones for others.
This is one of the 26 profitable daily income businesses in Nigeria, and the starting cost ranges from #20,000 to #70,000.
11.
If you are a fitness and health buff, you might want to consider opening a gym. All you will need is to adequately equip your gym center.
You can decide to be collecting money daily as people use the gym or customers can subscribe monthly to use the gym.
12. Transport business
For many reasons, including business, people have to travel from one place to another. A lot of people don’t have cars, so they will need to hire a professional and reliable transportation company to get them from one place to another.
Before you start your transportation business, you need to decide if you want to work within the same state or between states. Make sure that the business brings in money every day.
Starting cost
Renting a car costs nothing, just to sign an agreement with the owner and remit money to the owner weekly or monthly.
13. Business of the Jewelry line
If you want to start your own jewellery line business, all you need are reliable suppliers who can give you jewellery in large quantities and at low prices.
It’s one of 26 businesses in Nigeria that can make you money every day, and the cost to start would range from #20,000 to #100,000, depending on how much jewellery you sell and how good it is.
14. Party equipment rental company
It’s known that Nigerians love to party. You will never run out of customers as long as you give great service. You can offer party supplies like tents, chairs, flowers, clothes, rugs for the floor, and other things.
Starting Cost
From #90,000 to #400,000
15. Nursing home business
You could start a business that helps people find people to care for their elderly or sick loved ones in their own homes. They make a lot of money in Nigeria’s big cities, like Lagos, where people are too busy to take care of their own needs and would rather hire someone else to do it.
Starting Costing
Nothing; just gain the basic knowledge and get the licences needed.
16. Business of a poultry farm and egg selling
Farming chickens is a very profitable business that can pay off in the millions. A lot of caution and attention are paid to the chicken farming business. You will also need to choose what kind of chicken you want to sell and who you want to sell it to.
Like, eggs or chicken meat can bring in money every day for the owner.
Starting cost
Budget about #100,000 to #300,000 for a standard poultry and egg business. But an egg sales business can be started with just #20,000 or even less.
17. The business of cosmetics
The beauty business makes a lot of money. Putting in the work and research will be very important, but it will be worth it.
It’s one of 26 businesses in Nigeria that can make you money every day, and the prices start at #30,000 to $250,000, depending on the quality and quantity of the cosmetics.
18. Plantain chips production and sales
Setting up this business is pretty easy. You can start in your own kitchen. After that, just put the name of your business on top of the plantain chips, and you’re good to go.
Starting Cost
You need about #20,000 to #50,00 to start the business.
19. Production and sale of ice block
The weather in Nigeria is tropical, which means it gets a lot of sun and heat. Making and selling ice blocks is a profitable business in this area because of this. For the business, you need a freezer, water, and trash bags.
Starting Cost
Budget about #50,000 to #70,000 for the business because to buy a good freezer now would cost up to #60,000 or even more.
20. Production of Liquid Soap
The market for soap in Nigeria is so big that not even the biggest brands can keep up with demand. You should check out this business.
One of the 26 businesses in Nigeria that can make you money every day is making liquid soap. The start-up costs are between #20,000 and #50,000.
21. Car wash
It doesn’t cost much to open a car wash. To make things more interesting, give your customers a room with a TV where they can relax while their cars are being washed.
Starting cost
Budget about #30,000 to #50,000
22. Importation and sales of Okirika clothes
Search all available eCommerce websites and also Facebook marketplace before enlisting the help of a procurement agent to make the purchases. After that, the agency will send you the products, which you will then sell.
Starting Cost
Budget about#50,000 to #200,000
23. Marketing of daily information online
You can earn money by converting information into other formats, such as a report, an ebook, a movie, or an audio file, and then selling it online.
Starting cost
Nothing. Just your phone and data.
24. Affiliate marketing
Affiliate marketing is when you use your own affiliate link to promote a brand’s products on social media sites and make sales. You get a cut of the money made when these things are sold.
It is possible to sell both digital and physical goods through affiliate marketing. You can make money from a lot of affiliate programmes.
Starting Cost
Nothing. Just your phone and mobile data.
25. Becoming a virtual assistant online
These days, a lot of businesses and people have websites. These businesses need someone to keep an eye on their online products and help customers with them. You get paid by the hour.
Starting cost
Nothing. Just your phone and mobile data.
26. Call card business
This is another well-known company in Nigeria. One of the 26 businesses in Nigeria that can make you money every day is the call card business. The start-up costs are between #5,000 and #30,000. Almost all adults have a phone that needs to be charged every so often.
You could buy airtime and then sell it to people in your neighborhood and nearby.
Disadvantages of Daily Income Business in Nigeria
- Future possible income instability
- Uncertainty
- Longer daily working hours
- The future potential of financial risk
- Lack of guidance
What is the best business for daily income?
These are some daily income business ideas that will work in Nigeria:
- Boutique
- Ice cream business
- Hair business
- Salon
- Spa
- Tea/Coffee shop
- Gift store
- Antique business
- Hot air balloon or boat ride services.
Business that move Fast in Nigeria
The best business you can start in Nigeria right now that will make a lot of money is the
- E-commerce business
- It could be a dropshipping business
- Affiliate income-generating business, or
- Your own products and services, or product sales business, and so on.
Anyone in Nigeria who has an idea for an e-commerce business and knows how to get money to grow it can make a lot of money.
Conclusion
Nigeria has a lot of daily businesses that make money. You just need to be honest in what you do, do it every time, work hard, and have the right information to carry out the process.
With a small amount of money, you can start a business that is expected to make you #500,000 a year. This can give you up to #2,000 a day in passive income, or even more. In fact, you can make money every day with any of the businesses in this article that you can easily start.
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