Do you want to find the best business idea after graduation? Want to know the business ideas for Nigeria graduates?
I know you’ll like it.
Then read this guide from start to finish you’ll have the list of business ideas for Nigeria graduates.
Unemployment is really a serious issue in Nigeria. The government appears to be the largest employer of labor.
According to recent statistics from a survey, above 45 percent of Nigerian graduates are employed.
As I am writing this article right now, more and more Nigerian Graduates, graduate every year and also completing their one year mandatory NYSC thereby increasing the number in an already existing unemployment graduate in the country.
With the business idea for nigeria graduate, you have the option to get out of the list of unemployed.
Here is the what is the good news
Despite the negative on employment, there are some positives for the Nigerian graduate in the aspect of business. Many are willing to start their business.
According to The report by SME sector provides, on average, 50% of Nigeria’s employment, and 50% of its industrial output.
and contributing about 46.54% of the GDP according to the enterprise baseline survey.
With the business idea for Nigeria graduates, you have the option to get out of the list of unemploy graduate.
The problem is, there are many small business ideas for the unemployed graduate. Which one will work has always been the issue.In this article, I want to share with you the top ten (10) business ideas for young Nigerian graduate. When taken seriously, serious money can be made from it.
However, this is not a guarantee quick way to make money, but you need to take it one step at a time.
Top 10 Business Ideas for Nigeria Graduates
There are several Business ideas for Nigeria graduates which one that you’ll use will depend on your interest.
One major complaint by many Nigerians is the startup capital. Where can I get capital to start my business? Is one major question asked by a lot of people? Funny enough most of the people that ask these questions are the ones having phones worth 30,000 and 50,000 naira respectively (not against it).
I have gone through and try my best to provide you with the best business ideas for Nigeria graduates that you can do with a minimum of 10,000 naira. Well, it might not be an instant success but with dedication and focus, you can generate serious profit.
You can create your own blog and start writing quality articles. You can write on anything especially the topic/niche you have great knowledge about. In Nigeria, there is a niche that is really hot and are among the search topics.
These include dating, latest movies, career tips, business, make money online, entertainment and celebrity gossip. This business will cost you 10,000 to start.
Then install WordPress to create your blog. This is as easy as you can thing. That’s why WordPress account for 25% blog and website online.
On there are 56 million posts are publish on the WordPress platform.
Trying to stand out from the crowd is what will make you build a great influence in the niche.
When blogging, always try to write longer articles of at least 2000+ words. This is the type of article that stands out and make you appear in the top 10 search engine. The more organic traffic you get the great will be your conversion.
Use long tail keywords whenever you write your article, this reveals the user intent which makes it increasingly possible to increase conversion.
Screen printing business is one of the lucrative businesses that require small startup capital. Screen printing is the act of printing with the aid of a screen. Jersey number and names, branded polo shirt, customize handkerchiefs as souvenirs, stickers and so on are all printed using screen printing.
As small businesses, grows, they’ll begin to create their own custom items. Like the shirt, cup, biros and so on. That’s why screen printing will continue to thrive.
Before going into this business, you have to decide who you intend to target.You be successful, just start by focusing on a single item and move from there.
To start screen printing, all you need is the knowledge and how the process work. Then purchase your materials necessary to start the business.
It normally requires a screen made from plain wood and a mesh, then gets the screen printing inks to start the business.
Other items include chemicals like remover, synthesizer, retarder, and inks like emulsion, textile ink, leather ink and sticker ink.
Create awesome designs and print to stand out from the crowd. The more creative you’re, the more customers you’ll make.
Read more on screen printing business.
3) Recharge Card Business
You can go into recharge card business and start printing recharge cards for Glo, MTN, Airtel and Etisalat in bulk.
You are going to make a good money here if you know how to create values and market your printed recharge cards.
Nigeria has seen a tremendous increase in the number of cell phone users. According to a report by NAN, there are 151,123, 172 active lines in Nigeria and 148,681,362 numbers subscribe to the Global System for mobile communication (GSM).
with an average spending of N447.8 billion monthly on recharge top-up cards. This shows how huge the business opportunity is.
You can start supplying every person that sell recharge in your street. From there, you can expand to a neighboring street. By the time you know it, you will be earning good money from it.
The type of people within your area will determine the recharge type you’ll sell. For instance, if you stay in a high-income street, selling recharge cards of 500 and above will still be within the affordable range.
4) Bulk SMS business
A text message is a big revenue earner in the mobile industry today in Nigeria and in the diaspora.
People love to text and so is money being made by those who are involved in text messaging business. According to fastwebSMS.com, over 15 billion text messages are sent yearly in Nigeria.
This number is increasing on daily basis. With just 10,000 you can start this business. The good news is you don’t need to be a tech-savvy person to start this business.
With your money, there are two ways you can enter the business. You can either create your own website and sell SMS credit to customers or join an existing bulk SMS business and send the SMS on behalf of your customers.
Reaching to people about your service is a great way to build your customer base.
Bulk SMS also gives you an opportunity to build a customer base of a phone number which you can use to send marketing or product or service.
5) Online Importation Business
Here, you can start making money importing products that are under $1, and sell them like N600 to 700. Why you should concentrate on product less than one dollar is because these products usually are hot products.
People always demand most of this product every day. Some of the products include accessories, gift product, raining season product eg umbrellas, watches, shoes, wallets etc.
You need like N30, 000 to start this business and also the services of Courier Company to deliver your goods to your own house.
There are so many places you can buy product less than one dollar. Just do searches on Google, you will definitely find one.
But before buying, you have to find out and to make sure the product is not among the contraband, else you’ll lose the product through confiscation when it arrives by the customs service.
6) Internet business
Internet business is one vital and in my opinion, the cheapest way to start your own business. Over the years, more and more internet business have been created.
There are several internet businesses, I will be focusing on two internet business model and the method here require zero capital to start.
These are the internet business where you promote a product or service and you share the commission when someone buys or sign up via an affiliate link. In affiliate marketing, you can promote either digital or physical product.
You can create a 15-30 page or even more than that number and sell it. There are several sites that allow you to sell your information product for free. One of such website is amazon.com.
Your information product can be used in your blog as a product. Using your blog can give you 100% of profit compare to that of amazon.
Selling of online courses has seen its growth since the coming of www.udemy.com. You’ll need to create a course in the form of short videos with each video explaining one of your course curriculums.
Using a screen capture software, webcam, smartphone, you can create your courses. One vital point here is you have to ensure that your course is highly informative, have a great picture quality and make the sound near perfect to hear.
What ability do you have? It could be you can write articles, edit articles, editing videos, graphic designer, web design, app development and so on. You can be a freelancer and offer your service in exchange for cash.
As the internet, a change, so also is the way things works. Many sites are looking for content editors, graphic designer, and internet consultant, article writers and will continue to be in demand.
If you have what it takes, you can visit a site like www.fiverr.com and create a seller’s account base on the category that fits your expertise.
Then begin to tell people about your service on social media and offer to do it for free just to show people that you’re an expert in the field.
Read also: How to become a freelancer
8) Car wash
You can start a car wash business in your area. Many working class people find it difficult to clean their cars in the morning.
You can work with them and negotiate on the among and begin to wash their can every morning. You only need 3000 to start this business.
The average households don’t dress their chicken instead they take it to a dresser to dress it for them. a single chicken cost 50 naira to dress and you can have the intestine which you can sell too. All you need is a knife, small table and a mini drum where you’ll boil your water.
See also: How to start chicken dressing business
The business of laundry has seen the increase in popularity due to the increase in the need for the laundry services. Working class likes to outsource for laundry than to use their spare time to do it by themselves
You don’t need heavy laundry machine to start a laundry business. All you need is detergent, buckets, and robs for drying the clothes. Work with your neighborhood and broadcast about the news.
Strive to deliver your work within the stipulated time frame to build confidence and encourage existing customers to return always.
See also: How to start dry cleaning business
Here we go the top 10 business ideas for Nigeria graduates. Many of the business have been picked because it has the lowest form of risk; the business opportunities are there and have little to no capital to start.
What can you add to the list? Do you agree with our list? Feel free to share your thoughts by making your own contribution.