In this post, we will be looking into several offline business to start with. There are many businesses that you can do to earn money from in Nigeria. These businesses require little amount of money to start up and you can start them as a part time job, therefore you can continue with you present job till you feel is the right time to leave.
In this post, we are summarily analysing these businesses but in our subsequent post, we will show you how you can start investing in the business of your choice.
Your choice of business to invest in depends on how much time you have because in business you don't just invest money but you also invest time. So in business, time is an important factor.
Another important determinant of your business is your capital. Your capital limits your business choice because you can't decide to venture into oil company servicing when you have an initial capital of #100k.
There are other factors which will be published in our subsequent post such as your passion, your environment, competition, profit etc. So watch out.
List of offline Business To Earn Smart Income
1. Farming Business
This may sound odd, as in carrying hoe to farm to cultivate yam, cassava, maize etc. No that's not what I mean. There are some expects of farming that you can earn smartly from.
These include:
a. Snail farming business
b. Poultry farming
c. Cat fish farming
d. Tomatoes farming
e. E.T.C
Don't worry about the stress involve in doing this business as we will be showing you shortcut on how you can benefit from this business even without owning a farm.
2. Recycling Business
This one involves selling condemned material for profit. You don't necessarily need to start picking them by your self.
There are different areas to invest which include:
a. Metals scrap
b. Plastics
c. Pure water sachet
d. Condemned clothes e.t.c
3. Haulage ,Transportation And Equipment Leasing
This involves renting of trucks, bus, vehicles and equipment to people who need them. This is a good business as people are willing to pay N1.2million for a car you bought N600k.
4. Computer Business Centre Services
This is a business that is in high demand nowadays. It is highly needed in places where there are schools, offices and churches.
Areas in these business include:
a. Typesetting and printings
b. Cyber café services
c. Photocopying services
These business can be done singly or all-in-one depending on your capital.
5. Importation Business
The importation business is a very cool business to invest in as it is a high profit yielding business. There are many things to import which include:
a. Computers ,laptops and accessories
b. Phone and accessories
c. New and fairly used car importation and spare parts
d. Clothes , watches, jewelries importation
e. Electrical and electronics Import.
6. Oil Business
Oil business is one of the high paying business in Nigeria. No wonder the big boys are into the business. But you don't have to worry about start up as there are two areas you can kick start with little capital.
They are:
a. Kerosene Business:
This business is very lucrative because almost every body makes use of it. This means that the market is always there. Also, the business is not capital intensive as you can grow your business as demand grows.
b. Gasoline Business:
This is also a good one as most people prefer using gas cooker to stove because it doesn't smoke. Students also prefer using gas to stove because it cooks faster. Therefore, the gas market is a ready market for investors.
7. Pure water Production:
This is a capital intensive business but yields profit on daily basis because people can't do without it. So the business is a good one to Start if you have the capital.
8. Cable Connection Business:
This is a very cool business that you can start with #50k and earn at least #60k monthly. It is very simple to start up and once setup, you need not stress your self but rather you will be receiving your alerts monthly.
9. Selling equipment to patients in the hospital
This business involves getting some equipment for certain patients like getting the glucometer apparatus for diabetic patients to monitor their sugar level, the sphygmomanometer for hypertensive patients to monitor their Blood pressure, eye glasses to those with eye defects. The patients are always there in big government hospitals and medical centres.
10. Industrial Catering and Baking:
This one is nice also as there are always hungry mouths out there to be feed who don't have time to cook. Providing baked foods and catering services to schools, banks, organization e.t.c pays off well on the long run.
There are still more business opportunities to invest in such as:
Real Estate , supplying products, dry cleaning and laundry business, DJ and music band business, Tutorial and home lesson business, Professional car wash, ice block production, cold room business, Rental services e.t.c.
The list goes on, so make a wise decision based on what you want and is required.
Watch out for our next post
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