There are so many business ideas and it can be tough picking the one to bring to life. To tackle the problem of figuring out which business idea to develop, try to understand your interests and passion because starting a business in a field you’re familiar with and comfortable in will direct you.
Business ideas can be developed from one’s passion or talent as explained in this list.
If you aren’t certain of your talent, you can settle for a business idea that you’re willing to learn the required skills to start.
Owning a business gives you the freedom to work when, where and how you desire. It can also give you a sense of fulfilment.
Here is a list of business ideas that will make you money:
1. Gadget Repairing
If you’re good with your hands and you are a natural at fixing things, then you might want to consider this business idea.
You can start this business as a phone repair business and add laptop repairs later. In addition to your talent, you might need a little bit of training. Find someone who already has his/her own gadget repair business setup and learn. It could take 6-12 months or even less, depending on your talent, to sharpen your skills in readiness for your own gadget repair business.
Here, your capital is directed towards getting a small space in a very populated area, you will need to get your repair kit, table and chair.
People will always purchase phones and issues will always arise so starting this business means you will always get customers!
2. Personal fitness trainer
Are you a fitness buff? If yes, then think helping others achieve their fitness goals. Sometimes, business ideas are born out of our interests or what we know best and want to share with the rest of the world.
If you love body building and healthy lifestyle, you can go ahead to earn a living from it. Social media will be of great help here. Frequent posting of your workout videos, photos and fitness advice will make you more visible to potential clients. Grow your followers, create a personal brand, and communicate how you can help people stay on track with their fitness journey.
You can take things a step further by creating your own fitness e-books and charge a fee for wellness classes.
These days everyone is looking for ways to stay fit so you will definitely have clients, you just need the right packaging. Based on experience, skills and location, a personal trainer in Nigeria could make over N300, 000 in a month.
3. Virtual Assistant
Every enterprise, big or small, requires smooth running of their daily management. Your excellent organizational skills can be put to good and profitable use here. You can get paid for replying emails, scheduling meetings, bookkeeping tasks and performing other administrative duties.
Duties vary depending on the client. A virtual assistant may upload regular updates on social media, write articles and handle travel arrangements. People are always in need of efficient virtual assistants.
As a virtual assistant, you earn income by offering administrative services to clients remotely.
A virtual assistant should be tech-savvy, having a wide range of computer skills and a high level of proficiency with commonly used software and business programs. A virtual assistant who specializes in bookkeeping should be adept at basic accounting tasks.
4. Online Teaching
If you are knowledgeable in a particular field, starting an online teaching business can be a lucrative option. You can develop materials and resources in your field of interest and use them to teach people online.
An essential prerequisite is having a bachelor’s degree in the subject you intend to teach. You have to teach subjects that relate to your area of expertise so you can easily share your knowledge which will in turn enhance your students’ knowledge experience.
You can deliver your lectures via zoom, Microsoft teams, etc.
5. Content Writing
Everyone needs creative content on websites, blogs, etc. Therefore, starting a content writing business could be a profitable one for you. In order to get clients, you might want to join content writing groups or communities online. It could be a Facebook group or a whatsapp group comprising other content writers, sharing ideas or how they got their latest gig.
6. Video production
With more and more videos being watched than ever before, there’s a very high demand for people who can record, edit, cut and publish videos, so starting a video production business can be a lucrative. You will have to invest by getting a camera with lenses, microphones, lights, installing editing software such as Adobe Premiere.
You get paid by offering to produce video content for companies, YouTube channels, event coverage and more.
7. Graphic designing
Small businesses and corporations are always in need of promotional materials and if you can create graphic designs to help relay their message, then consider graphic designing as a business. You can start a graphic designing business to provide visually appealing materials such as flyers, digital ads, posters and more.
For this, you need a laptop and software to begin.
You too can join the league of top paid photographers such as Felix Crown, Kelechi Amadi, Klala photography, etc.
Of course you will need a camera with lenses and photo editing software to start this business. The internet should be your go-to place for tutorials to boost your skills.
Photography has now become a big deal in Nigeria. Photographers are always busy with photo-shoots for weddings, birthdays, seminars, product launch events, and so much more.
Photography business can be really profitable.
Starting your own catering business might be the way to go if you love to cook and actually know how to cook delicious and nourishing meals.
Your first job might be a friend’s birthday party, a family friend’s child naming ceremony, etc. Make sure to exceed their expectations and have them refer you to other people.
Catering business is lucrative because people will always eat and there will always be events requiring the services of caterers.
Apart from rendering your catering services at events, you can setup a social media page where people can order from your menu of the day and have their food delivered to them.
10. Personal shopper
Do family and friends come to you for clothing advice? If yes, it means they trust your judgement especially when it comes to trends and fashion. They know that they will not step out looking like a…well, never mind. You can own a personal shopping business like Big Brother Naija star, Dorathy Bachor.
Personal shoppers find clothing items for clients who are struggling to find their personal style. This involves evaluating your client’s wardrobe, visiting websites and picking items that will suit them.
You do not need any special kind of certification or qualification to be in this business. Also, personal shopping is a business idea with very low investment.
11. Social Media Consulting
If you understand the workings of social media engagement, consider becoming a social media consultant. Clients will pay for your services to create catchy and engaging posts, captions, attractive bios and more. You can have rates for different projects or requirements. You can render your services with just your smartphone.
There you have it. For success, focus on one business idea at a time until you find the one that fits your abilities.