There are some lucrative businesses you can start in Nigeria that will get you some cash. You will need some money as capital to start the business and later take the profit on the capital as your income. Here are 3 lucrative businesses you can start in Nigeria:
A real estate business is a business that processes buying, selling, or renting a property, home, land, or building. A real estate business can be a source of income even when you are asleep. Entrepreneurs dream to be financially free even after they have retired, this can be possible if you invested in real estate which could be a continuous source of income for you.
In our society, we have some events coming up occasionally which has increased the need for cake or cupcakes. These events could be wedding parties, birthday parties, anniversaries, end-of-the-year parties, etc. Some of these events are celebrated with the cutting of cakes which have brought an increase in cake and cupcakes demand. Cakes and cupcakes are lucrative businesses you can venture into.
Baking is a lucrative business that you can start with a low budget by baking and decorating cakes right from the comfort of your kitchen. You may need to show some of your cakes decorations as samples for an effective advertisement. You could advertise using social media or showing your samples of cakes to party planners for partnership deals with them.
3. Sales Of Mobile Phone Accessories
Selling mobile phone accessories is also a lucrative business that deals with buying phone accessories from the producer or vendor and resell to retailers or consumers. The number of phone users is increasing in the country which may increase demand for phone accessories. A phone user can get two or more phone accessories that could be of different makers or the same maker but different designs. Some phone common accessories are battery, battery chargers, Bluetooth, earpieces, memory cards, pouches, screen guards, etc. You can partner with some vendors within the country to be supplying these accessories.
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