There are a lot of untapped business ideas in Nigeria that will make you money in 2021.
If you are looking for untapped business opportunities in Nigeria, that means you are tired of all those common recycled business ideas.
You are looking for something fresh and different that will make you money.
Many Nigerian business people have no innovation. They just copy any thriving business in their area and open the same kind of business without any form of modification.
One key thing to note is that not all businesses will succeed in every environment. A business idea that will make a lot of money in the United Kingdom might not be profitable in Nigeria. It’s necessary to study your environment and not only study but do a failure-proof business plan.
A business plan is crucial to any business success. It offers you the chance to think deeply about every aspect of the business before you go into it. You also need to feasibility study before venturing into any business.
There are numerous untapped business ideas you can start that will make you good money in Nigeria.
In this article, I have compiled a list of 8 Untapped business ideas you can start asap!
8 Untapped Business Ideas in Nigeria
Untapped Business #1: WallPaper Production
Wallpaper production is one of the many profitable business ideas in 2021 that remained untapped. The business of producing wallpaper will make you money in 2021, particularly if you are artistic. And if you are not a creative person, you can always outsource the artistic part of the business.
Wallpapers are used to decorate walls, vehicles, and many more. People use it for beautifying their space, brand their properties, and show loyalty to a cause.
There are many forms of wallpaper, from celebrity pictures to sports teams and abstract designs. Wallpapers are widely used by churches, betting shops, businesses, barber’s shops, car owners, students, and some households.
It is a lucrative business opportunity with a lot of business potential.
Untapped Business #2: Parking Garage
If you ever live in a busy city, you will know how hard it’s to get a parking space, especially when you are out for an occasion or business duties. And, when you get one, you are hesitant about how secure the parking space is, so your mind is not at rest.
A parking space business is one of the untapped business ideas one can start in a city as their limited parking space in the city.
All you need is to find a large piece of land, fence it for extra security. You issue a ticket to the car owner that wants to park their cars in the space to avoid cases of stolen cars, where one person parks their car, and another person comes to pick it up.
A parking garage can make you a millionaire in a matter of months in some busy area in cities like Lagos, Abuja, and Port Harcourt. It’s one of the untapped business ideas in Nigeria in 2021.
Untapped Business In Nigeria 3. Mobile Fruit Production
There is a huge demand for fruit juice in Nigeria, with many Brands producing their brand of fruit juice.
As awareness begins to increase on the effect of chemicals on the immune system. Many people have started to crave healthy and natural fruit juice.
Come to think of it…
What will be better than a Natural fruit juice with no additives? It’s a natural fruit juice that is accessible and made fresh.
As a mobile fruit juice business, you will be required to go around with your equipment making juices for people based on their specifications.
You can easily peel the fruits and keep them in a safe and hygienic place like a fridge. This will reduce the time taken to produce a glass of juice.
Your target audience knows the importance of taking healthy and natural fruit juice, so they will be willing to pay a reason for this service.
Starting a mobile fruit production business is a lucrative and profitable business idea that will make you plenty of money.
Untapped Business #4: Home Cleaning Business
Another profitable business idea in Nigeria is the home cleaning business. The home cleaning business is not popular in Nigeria.
Many business people do not have the time to tidy up their home, but they will be happy to pay a company to do it for them.
For a home cleaning business, you don’t have to be the one doing the cleaning. You can get people to do the cleaning while you focus on supervising and getting more clients.
Untapped Business In Nigeria #5. Mobile Car Wash
A Mobile car wash business is another untapped business idea in Nigeria. Instead of having people bring their cars to your place for washing, you go to their houses to watch the cars.
A mobile car wash will reduce the cost of starting a typical car wash. With just a phone call, clients can book an appointment for your services.
Untapped Business #6. Home Tutoring Agency
There are many ‘lesson teachers’ in the country, but running a home tutoring agency is not widespread yet.
The typical lesson teacher is a school teacher that offers extra classes for some students at the students home after school hours. While this is easy for many teachers to make more money on the side. Many teachers are underpaid and even owe many months of payment in the name of familiarity.
Also, the lesson gigs are tied to them working in the student’s school. Once they resign from the school, their lesson gigs are usually given to a new teacher.
The home tutoring agency businesses are to get quality subject teachers and connect them to parents looking for lesson teachers for their ward for a percentage cut of the lesson fee.
The agency takes care of getting clients and getting money from clients at the end of the months. They act as the middleman between the parent and the teachers.
Untapped Business In Nigeria #7. Co-working space
Co-working space is another good business idea that can make you good money in Nigeria.
After the COVID-19 pandemic, companies now know they can save more money by allowing companies to work from home.
Also, considering the increase in the number of freelancers and remote workers in Nigeria. Many of them are looking for a good environment with stable power, electricity, and freedom from distraction.
Many of them find it hard to work from home because of the non-conducive environment and the temptation to lay down on the bed when tired while working.
Therefore, the demand for co-working space is at an all-time high right now. A co-working space must have a serene environment, fast internet connection, stable power and conducive working chairs and table.
A co-working space is a profitable business opportunity that will fly in most of the state capital in Nigeria.
Untapped Business #8. ATM Machine Business
You probably know that the POS business is very profitable, considering it’s scattered around every street in Nigeria, but I guess you don’t know about the ATM machine business.
Owning an ATM machine is one of the most lucrative businesses in Nigeria. This is good business, especially when the ATM machine is located in a populated place where people do many transactions like a popular restaurant, club, gas station, or market.
As the owner of the ATM Machines, you get a percentage cut from transaction fees on the ATM machines. The higher the transaction, the more money you will make.
Some of these businesses listed above might require capital in a couple of Millions to begin, as the ATM Machine business, while others might require less starting capital. Find the business idea that fits your risk level and get to work on it.
So, which of these businesses are considering starting?