Business is about trends! What’s booming or making more money for entrepreneurs in 2018 might not be profitable in 2019. So in today’s post, I want to share 10 New and profitable Business Ideas Nigerians can start in 2019.
You require little to no capital to start any of these businesses, and they vary from Technology to Agriculture, Transport, Education etc. So let’s get started and dive deep into this business below👇.
9 Profitable Business Ideas Nigerians Can Start in 2019
1. Online Education Business
This one of the best business you can start in 2019. It’s easy to scale and it requires very little startup capital. You start by simply creating a course, tutorial or educational material and selling it online via your website or 3rd party educational platforms like Udemy, Skillshare or Teachable.
The internet has made learning easier since people can now study anywhere and anytime. To teach online, you only need to know a little more than your potential student, then you’re good to go. Click here to visit 9jacashflow.com online school.
2. Fresh food business
This another great business Nigerians can start in 2019 with little to no setup capital. Here you focus on the sale of Natural foods like vegetables, fruits, crops etc. The value proposition here is that people should live more and healthier. And as a matter of factor, I alongside some notable individuals now prefer foods without ingredients.
Moreover, if you’re passionate about fitness, health and nature etc I think you should give this business a shot✔. To show you I’m serious about it, I even purchased the domain name fruits.ng, and if you’re interested we can partner together and make things happen🍉🍌🍎🍏.
3. Media Agency
Media Agency business is very viable in countries like Nigeria where big organizations and people lack proficiency in creating good content about there Businesses online and offline. The majority can’t even use social media effectively.
Your job here is to assist businesses in creating the right type of content, whether videos, audios or writeups etc. Guess what! It doesn’t require much of your time. You can outsource this work to freelancers on Fiverr and Upwork.
4. Marketing Agency
This business is synonymous to the media agency business discussed above. However, as a marketing agency, your main focus is to help companies increase their sales and revenue.
If you’re interested in starting this business, a Google search about Digital marketing and business model will help you a lot.
5. Media and Marketing Agency:
This simply means you’re operating a media company alongside a marketing company. The two combination is quite easy to setup and manage. Having knowledge of video & content creation, Digital Marketing and Sales will be of great help.
6. Fishery Business
Fishery business is a very lucrative Business. I know a friend who owns a fish farm and doesn’t work there or visit the farm except during harvest. Another friend of mine invested in fishery business by giving farmers startup capital to setup huge fish farms. Either way, you can make money.
I think creativity is important in this Business, so depend in on what your interest and passion are, do explore fishery and other fish related business.
7. Blockchain in insurance
The blockchain is the new revolutionary technology that’s making Financial institutions stay unrest. And in case you don’t know, Blockchain Technology will make Big corporations like Accounting forms and Banks go out of business.
Insurance simply means pulling money together to cater for risk. However, there has been a lot of fraudulent activities in the insurance space and I believe anybody that com w out with a tangible solution through Blockchain will make quite a lot of money.
8. Blockchain in Tax and Remittance
You don’t need much proof to understand that a lot of people don’t pay tax in Nigeria. Even the so-called big men are so fraudulent in there Tax affairs and operations. Blockchain Technology can revolutionize Tax and Remittance by adding transparency, speed, and efficiency to it.
With Blockchain, you would be able to pay for a tax without leaving your house. Tax official and the public would also monitor Tax affairs on the public Blockchain. I believe anybody that could solve this problem and convince the government to adopt it is in big money💰.
9. Transport Business
If you stay in places like Lagos, Abuja, and Ibadan then transport business is one of the most profitable business you can start in 2019. It’s now so modern that you don’t have to register for Taxi union or drive it yourself. I’m sure you know what I’m talking about! Uber, Taxify, Gokada and likes.
Below are the requirements for starting a Uber or Taxify Business.
- A smartphone that’s connected to the internet.
- A neat car with Air condition system
- A valid driver’s license
- A registration fee of 2000 for Taxify or 20000 for Uber.
Starting any of this business and scaling it would require you to be creative. You also need to identify your target customers and determine the best medium to effectively reach them every single day. With all these, you’re set to make spontaneous sales and increase your revenue.
Do promise me you will implement what you’ve learned. And don’t forget to share your thoughts and opinion in the comment box below👇.