Since you have some money to start a business, I suggest you embark on any of these top 7 daily income business in Nigeria. I explained them explicitly.
It is not a question if you should start your own business but when. while there are many opportunities out there, one of the best options is to start your own business.
Here are some tips and advice that will help you get started with your business
Daily Income Business In Nigeria
Before you start your daily income business in Nigeria, there are few things to keep in mind.
It is also important to note that you need to be prepared for a lot of rejection. If someone says no, don’t take it personally. Always be positive and open-minded when dealing with people, no matter what their reaction may be.
The following are the top 7 daily income business in Nigeria you can start with little to more capital.
1. Point of Sales Terminal Business
POS terminal business: This is a business that you can start with just N100,000 and it will give you monthly income of about N70,000 to N150,000 per month. The point of sale (POS) terminal business is a cashless way of paying for goods and services in Nigeria.
It has been on the rise in recent years because of its convenience and ease of use by customers. If you want to start this kind of business, here are some tips:
Funding: Get funding from banks or other financial institutions; they might give you an interest rate that would make your investment profitable within two months after starting up.
Lender: If there’s no bank near where your shop/store is located, then get one who’ll be willing to lend at low interest rate or even no interest rate if possible!
2. Juice Business
Juice business is a lucrative business in Nigeria. Fresh fruits and vegetables are available in abundance in Nigeria, so much so that the country’s largest city, Lagos, is nicknamed the “Fruit Market.”
Juice is a healthy alternative to soft drinks, alcohol and sugary beverages.
3. Bread Business
Another daily income business in Nigeria is Bread Business.
In starting a Bread Business in Nigeria:
The first step is to register your business name for bread making.
The cost of registration is about N10,000 (about $25). You have to choose a name that will make you stand out from the competition, so maybe avoid something like “Bread Shop” or “Bread House” as these names are too generic.
You can also check with your local chamber of commerce and industry or other business associations in your area if there are any regulations on how businesses should be named.
For example, some businesses have been refused registration because they used words like “food” or “kitchen” which imply cooking food at home instead of selling it commercially!
So, make sure you double check with them before picking a name! I recommend using a CAC agent or if you want to do it yourself, then do a name search using the CAC official website.
4. Hairdressing Business
This is another lucrative daily income business in Nigeria you can kick-start very quickly.
In the hair dressing business, little or no capital is required. The skills required can be easily acquired and the market is inexhaustible.
It is a highly profitable business that you can easily expand to other parts of the country and even overseas if you want to venture into that area.
This business can also be managed by any woman with whatever number of hands she may have because it does not require much strength or special skills on her part to run it effectively.
In addition, this business is recession-proof because no matter how bad things get financially in Nigeria, people will continue to make their hair and buy their favorite style of hairstyle from whichever beauty parlor they choose to patronize.
So long as they are satisfied with the services rendered and pay for those services at the end of each session.
5. Selling Mobile Recharge Cards And PINs
You can also make money from selling mobile recharge cards and pins.
Though this is not as lucrative as the one above, it’s still a viable option for those who have time to spare on weekends and evenings.
You can also sell data subscription to mobile phone users for browsing purposes or otherwise. It’s also a daily income business in Nigeria.
6. Foodstuff and Grains Buying and Selling
This is an unbeatable daily income business in Nigeria. There is no day, you won’t sell except people are not living that area your shop or store is located.
Food business is a lucrative business. If you are looking for a daily income business in Nigeria, foodstuff and grains buying and selling is one of the best options to consider.
You can make lots of money from buying and selling foodstuff such as rice, wheat flour, beans and groundnuts among others.
The beauty about this type of business is that you can start small as most people need some form of daily nourishment which will enable them pay for your services at least once in a day or week.
This means that even if you have just started out with only one product (rice), you will still be able to generate some form of income right off the bat until such time when more customers come on board.
Key things to consider when buying foodstuffs include:
- The quality of the product(s) being sold
- Quantity being supplied by vendors/suppliers
- Cost per item sold
7. Snail Farming In Nigeria
Snail farming is the process of breeding and raising snails for commercial purposes. It’s a business that requires less capital and can be run from home, which makes it an ideal investment for beginners who want to start making money right away without breaking the bank.
Snail farming is relatively easy to manage, as it doesn’t require any special training in order to get started. Snails multiply very fast; so if you have decent skills, you can make a lot of money out of this business before you know it!
When compared with other livestock farming businesses like poultry or cattle rearing, snail farming has its own advantages and disadvantages that need to be considered before venturing into this line of work – just like every other business idea on our list today.
Daily Income Business in Nigeria
- You can start a business of buying and selling of mobile recharge cards.
- You can also buy recharge pins from your local market and sell them to people who are looking for the same or even more than you can get from the market.
- Another way to make money is by starting a snail farming business in Nigeria. This is one of the most profitable businesses that anyone can do in Nigeria, because it has achieved so much success in other countries like South Africa, Ghana and Cameroon among others; it is therefore an idea worth considering if you want quick cash flow in no time at all!
All of these businesses have potential to be profitable and lucrative in Nigeria, but there are many more out there.
It’s up to you to decide what kind of business you want to start, but I hope that this article on daily income business in Nigeria has given some inspiration for those entrepreneurs who are looking for ideas on how they can start a small business.
As always, let me know if you have any questions or comments below!