The word ” daily income” puts a smile on a lot of people’s faces. Knowing you make your profit in little or no time is something to be joyful about. Thus why I want to take the time to discuss 10 daily income opportunities in Nigeria.
Generally, starting a business is a great idea either as a full-time work or side hustle. It is reported that about 86.3% of small business owners earn an annual salary of less than $100,000.
If you are planning on getting a daily income business in Nigeria but you don’t know what and how to start with, guess what? You are in the right place. Even if you are not thinking of getting a daily income business, you are still in the right place because after reading this article you will consider either for a friend or yourself or a family member. So here are 10 daily income business ideas for you.
10 Daily Income Business In Nigeria That Are Lucrative
#1. Open a Betting Center
Betting is entirely inevitable in our country, in fact in any part of the world. Betting centers are always crowded due to the high interest of people. This makes it a profitable daily income business in Nigeria.
There are different betting companies, find the one with a better commission and open an outlet as their agent and start to earn cool cash on a daily basis.
Getting the right location is the most tricky part. Because you need to find where is busy, lively and fun, close to a lot of people or the main road for easy access. This job takes a lot of time because of aggression, crowds, etc that would be present in your shop. Choose a niche on the type of betting you want, maybe football, tennis, etc, and start earning.
#2. Start a Car Wash
This business also requires getting a location that is busy so it can be easy to locate. I would not want to say it does not require any start-up capital, because it does but very little.
You would be needing a consistent source of water and detergent or any soap that is good enough for washing a car without damaging the body of the car. When you get your detergent in bulk, you really don’t have to spend on anything for a whole week but you would still make your income.
#3. Open a Salon
Be it barbing salon or beauty salon or hairdressing salon, just ensure you get your skills and talents right and you would earn on a daily basis to a point where you would need to start telling your customers to book an appointment.
You can as well turn it into a side hustle by just opening a shop and employing Talent like hairdressers and barbers to help you and you would ensure that you know how much is coming in and how much you pay them. You can decide to make it unisex by having both hairdressers and barbers in there.
#4. Start a Provision Store Business
you can never go wrong opening a provision store thereby having a lot of junks and provisions, like milk, Milo, cornflakes, golden morn, sugar, coco pops, fruits and fiber, etc . you can decide to open as a small petty seller until you have enough funds to get a shop.
Get a supplier whose deal is considerable and let him or her start to supply for you. Once again, getting a location close to the main road, a busy environment would help a long way. Ensure to check for expiration dates and leaked goods so as not to be at loss.
#5. Open a Bar
Bar, popularly known as beer parlor is a common daily income business in Nigeria. Eating something spicy and cold after the hustle and bustle of this country is the desire of many Nigerians – it’s almost like a culture. You can sell things like goat meat pepper soup, cow leg pepper soup, even cow tail pepper soup, nkwobi, isiewu that pairs along with a bottle of beer or cold drinks, or even palm wine. What you choose to sell depends on your locality.
Also, the secret here is getting a shop somewhere close to a busy environment so as to attract more customers, and ensure your food has a nice aroma, that too would attract more customers. If you do not know how to prepare them, then hire a good cook, and watch as your business booms.
Do not forget to play some nice old-school native songs in the background. You do not need a DJ for this, a music box should be fine.
#6. Sell Food Stuff
This is one of the major daily income business in Nigeria. And it still remains one of the best because foodstuffs are something we all need on a daily basis. Stuff like garri, rice, beans, maggi, salt, sachet tomatoes, palm oil, groundnut oil, etc are what you can sell.
You can start as on a small scale or large scale. Do not forget to check expiration dates and the foodstuffs authenticity, because good foodstuffs would attract and keep your customers. For better turnover, ensure you stay close to a busy area or a big market that is close to a busy area.
#7. Open a Business Center
In as much as this is quite profitable, it requires huge capital to start with, because you would be needing computers, generator, printer, papers, a photocopy machine, etc. It requires countless things to run it, but when you get all you need, that is the point of income. Do you know what else would be better than opening a shop close to a busy road? Opening it close to a school such as a secondary school, polytechnic, or university. That is the spot you see business centers and cyber cafes boom because you have consistent customers.
#8. Start a POS Business
The POS business is a booming daily income business in Nigeria. It is best situated in areas that are quite far from the ATM or bank. You can open at the end of a street junction that you know will be a long walk to the ATM.
This business requires very little to start with because all you need is a registered pos and a chair or a spot to stay. Ensure you check the money given to you by some customers in other to avoid fake money and story that touch. This daily income business can bring more than 100,000 a month to you.
#9. Start a Transport Business
I present to you one of the highest daily income business in Nigeria. We can not deny the fact that it requires huge capital to start with, but the profit is mind-blowing. With a transportation business, you can make up to 80,000 a week, if not more.
If you work consistently, then you would definitely get bigger due to the high income made. You can not regret getting into the business. Ensure you have human management skills because you would experience some funny customers on some days and be careful of who you carry. Even if you do not have a car, some companies offer car rentals, find the ones with a good deal and make cool cash.
#10. Start a Perishable Farm Produce Business
This is like oil money, especially if you know any farmer or you have a land that you do not use at the moment. This might take some capital at first, especially if you want to plant them yourself, but the turnover is endless.
Perishable farm produce like tomatoes, onion, yam, potatoes, vegetables, etc are great because it is always needed and will always sell. Get the best deal you can, either by planting them yourself or buying from a farmer, the turnover would still be amazing.
These are our top 10 profitable daily income business in Nigeria. With all these beautiful ideas, you can choose the one you feel you can handle best. Do you have more ideas or suggestions? Leave a comment.