Tuesday, March 12, 2019

10 Real Home Based Businesses that Make Money in Nigeria

When it comes to making money from home in Nigeria from my over 5 year experience I have come to realize that certain things work while others don’t. The things that work are usually learned the hard way or through mentorship and they vary from one home business to another. The real difference between home based businesses that make money in Nigeria and those that do not make money is in knowing what works (in terms of money management, marketing, home and business life balance and business operations). The breakdowns of these ideas will come in another article meanwhile I want to share a few home business opportunities that are lucrative if well managed and if the business owner uses home business management principles that work.
 
10 Lucrative Home Based Businesses in Nigeria
Here they come – keep in mind that there are no guarantees in running a home business. You may succeed or fail but your chances of success increase when you properly and professionally run your home business.

#1 Real Estate Agency
This business involves connecting real estate buyers with sellers or helping prospective tenants secure accommodation or rented apartments in suitable locations and within their budgets is a low cost high revenue business that can net the business owner with some good profits. You only need an internet enabled mobile phone to start.

#2 E-commerce: Web Store
This entails helping people to find useful, high quality, unique products to buy from your own web store. The web store can be a facebook page, an ecommerce website, or just a simple social media account with product listings. Prominent ecommerce websites such as; Konga and Jumia offer individuals the chance to sell products online from their ecommerce platforms even if such individuals work from home.

#3 Business Plan Writing
I have been writing business plans since 2013 and there have been months when I made more than 200,000 naira just from this service. The downside is you need to read a lot, do a lot of writing, research and always be connected online which may not really be a downside but the stress that comes with it could have consequences on your health but it is a good way to make money from home.

#4 Online Tutoring
This is a relatively new venture compared to others. The business involves teaching people different things such as; school subjects/topics (academic) or vocational skills such as; cooking, baking, interior decoration, financial planning or even life skills like public speaking, self-defense or poise among other skills. The business involves offering trainings and courses for sale to clients

#5 Academic Research
The fast paced world we live in coupled with falling standards of Education in Nigeria creates a market for students in higher institutions (the busy ones, the lazy ones and those struggling with understanding lectures). There are a few services that can be rendered here; regular assignments, school projects, seminars,

#6 Fashion Designer
Design clothes from home and sell online to a specific market or sew tailor made clothes to clients and charging them fees for sewing their clothes. The price ranges from 3,000 to over 10,000 naira fees per dress to 5,000 to over 20,000 naira profit per dress or cloth sewn.

#7 Freelance Writer
Writing ebooks, articles, essays, blog posts or business/technical reports can be very lucrative. I for one have made a lot of money selling reports online to people from diverse walks of life. The interesting thing is low entry requirement for this business and the profit is very huge

#8 Graphics Designer
Design logos, letter heads, web pages, product trademarks, outdoor signs and a host of others using very cost effective marketing approaches. This field is highly competitive but very profitable for those who can build a strong brand and engaging customer base.

#9 Computer Programmer
Designing mobile apps, enterprise solution software, web based applications or other software programs targeting specific markets can be very lucrative. The main challenge is that computer programming is highly competitive and newer advances in technology can render many software irrelevant or obsolete.

#10 Backyard Poultry
You can also start a backyard poultry in Nigeria at the back of your home or any available space in a residential location. Poultry farming for eggs is more lucrative than for meat.

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