Have you been on a search for business ideas for women in Nigeria?
With the unprecedented COVID-19 outbreak, more women have been on the lookout for opportunities to earn more money. Again, so many businesses have been affected by the lockdown with s number of them laying off staff.
If you have been affected by the sudden change in times and climes or are simply looking for how to make more money, there are so many business opportunities in Nigeria for women.
Housewives are also not left out as more of these women have begun to join the employment band wagon. To help women survive these times, we have put together this post business ideas for women in Nigeria and business ideas for housewives in Nigeria. Grab a seat and get to work on your blueprint.
What is Business?
A quick one before we delve into our picks of great business ideas for women in Nigeria you must have the simple understanding that as much as business helps you make money, it is majorly a tool for problem solving. Anything that solves problems is a business and should yield profit as a result or by product of the problems that have been solved.
This post will benefit you even if you are a housewife on the lookout for business ideas for housewives in Nigeria.
Finding the Right Business Opportunity
We are all aware that finding the very best of business in Nigeria to invest in can be a tricky and difficult endeavor as there are factors that one has to consider when it comes to investment of one’s time, energy and resource (finances, money) into any business.
You do not just want to put your time, energy and resource (finance, money) in any endeavor simply because the internet says so. You want to be able to say that this was a well-researched business idea for women in Nigeria, perfectly tailored to my situation and current capital and can help me achieve the goal which I want to achieve (that is making money through business).
Our picks of best business ideas for women in Nigeria will be listed in ascending order considering those that would require little or no finance, effort or time to those that would be quite demanding.
However, our list of Business ideas for women in Nigeria will give business ideas that are commensurate to the risk involved. Remember the yardstick, “low risk, low reward; high risk, high reward” and stick to the one you have capacity for.
Without much ado, here is the first trio of Business Idea for Women in Nigeria in relation to minimal resource.
1. Social Media Management
All you will need as capital is time and a good hand to express gist aka content. This is no way undermines the effort that social media managers put into managing accounts for businesses.
A lot of companies, businesses and people want to grow their business, their client base or their following online but do not have the time necessary to do that and that is what makes social media management such a good Business idea for women in Nigeria.
There is time in your hands and the client pays for your time aka buys your time in exchange for money and you get paid for doing the things you would regularly do on your phone.
To understand how this works and to have a good handle on social media management, you should check out @ms-einstentte and @thesocialmediaoga on Instagram.
Check YouTube for videos on how to better manage Instagram and other social media accounts. You should also find some apps like Buffer, Blue Host, Canva and other apps that help to make the work easier and some of these apps are basically free.
2. Information Marketing/Blogging
Information Marketing is different from blogging but the two are pegged together because they are only subtly different.
Information marketing is simply selling information. When there is info you have a firsthand experience of, or a sector where you are an expert in what you do, you can conveniently become an information marketer. Write a book, create a Facebook post, or upload on LinkedIn just do anything you do professionally.
An information marketer involves themselves with teaching people and building a following around that niche in which they have gained expertise in and it makes it easier for them to sell their books, write-up’s, podcasts and emails should the need arise. This is easy because they have already created a following based on that expertise they have created.
In another news, blogging covers article writing, opinions and blog post about personal thoughts. It actually evolved from journaling of personal life. Blogging mostly touches what the blogger believes in or does not believe in and is usually a platform for the blogger to share their thoughts on various issues, both trending and not trending.
The difference between both is the nature and manner that the information is that given (the payment funnels too are different). Information marketing requires that you sell the information to the fan base you have created. One major way to monetize blogging is through Google AdSense. This requires an audience to click the link or the adverts that have been put up on the site and the payment funnel is through the attached account or Google ad sense (or any host/agent the blog advertises for or under).
For the short run, you can make higher profit from information marketing but to make money form blogging, you have to think the long run. You would want to allow some extra time after which you can expect to see reasonable turnovers that would be able to cover for certain expenses.
However, they both only need investment of your time, energy and minimum finance depending on the site used to host the blog. These sites may require a sort of hosting fee or commission of some sort. Overall, information marketing is a great business idea for women in Nigeria.
3. Drop shipping/ Affiliate links
Drop shipping is another brilliant business idea for women in Nigeria. This requires in some cases for one to become the human warehouse for a company and one will be paid a commission for every item bought from you or payment would be made as agreed by the company or business you are drop shipping for.
It is not to be confused with Affiliate marketing. In affiliate marketing, you attach a link to your profile, bio or comments and payments calculated for you would get from a certain percentage of every sale that is done through the customized affiliate link used in the bio.
For this business idea to flourish, all you need is a space in your bio for affiliate links.
The above three business ideas for women in Nigeria are those that would require little to no finance or effort on your part to begin to achieve a flow of steady income. The next three would require more time, effort and finance from your part but they are worth all the investments.
4. Baking Cakes and Small Chops
It would be unnecessary to start a bakery at a go especially when you have not yet saved finances well enough to begin to pay rent, employees and for big equipment. With dedication one can start gradually and scale this up from the get go.
As wide spread and saturated baking and small chops is as a business idea for women in Nigeria, baking is still one of the top when it comes to business at your fingertips. The thing about this business is that anyone can start and flourish so long as one is willing to pay attention to details and make periodic investments into baking tools, the client would always pay before service and that is extra cash you can bank on.
As a result of this (the popularity of bakers and baked goods), it is important that you start this business optimistic and remain optimistic and to always strive to excel in delivery of your products.
5. Freelance Writing
This ought to have been included in the first three business ideas for women in nigeria but for the fact that the first three covered business ideas that required little to no effort on your part, freelancing finds itself here because you can choose your terms and times of working.
Freelance writing requires taking writing jobs and writing for others for a reasonable pay (based on word count, content or time frame allotted for the work) and although the hours are flexible, you might likely not get paid unless you do an excellent job. It can take hours to a few days to come up with stellar blog posts back to back.
Freelancing requires access to trusted freelance sites (like UpWork, Fiverr and Guru), skilled writing, a good laptop/phone and good editing skills.
Call it “Summer Lessons” or oh, thanks to the Coronavirus, “Online Tutorial”. This can be tutoring students on a skill you are an expert in or about any topic that people would find needful and useful.
The traditional tutoring technique requires that you meet at a physical location to tutor kids on the subjects they aspire to get better or organize a class or meet up where the tutor and students would have to meet.
However, the pandemic has helped in that you can get paid same amount by teaching from the comfort of your home as long as you have a good grasp (at least an expert) of the subject you are to teach the students and also have a good network coverage that can access apps like Google classroom, Zoom, Facebook live and the likes to have live sessions.
The next trio of Business ideas for women in Nigeria would cover business ideas that require above average effort and money but allows you flexibility in time but do not be discouraged because the more the investment, the more the output.
7. Homemade Natural Hair products
Whether we accept it or not, the natural hair movement trend is here to stay and the all organic lifestyle (or vegan lifestyle) is also here to stay. With the push for the need for natural products in our daily lives comes the demand for their production and trust me, there is not enough suppliers to go around so why not create homemade hair products that actually do work?
There are YouTube videos that can teach you 10 must have oils for your natural hair. They detail how most ladies (and even men) that keep their natural hair do not have the time to create the product or oils they would need to take proper care of their hair to see maximum results and would need to get these oils and products in their natural form.
8. Fast Food Joint
Wait! It does not sound lucrative yet but wait until you know how much is made per day on just food at parks. All you need do is wake early enough; strategically choose an area and start selling quick noodles and white rice and bean, and then you can drop a thank you comment under this blog post.
With the rise of real estate comes a rise in demand for labor, a rise in demand for labor brings with it a rise of hunger of laborers and hunger is the problem you will solve to bring a cash flow into your pocket.
You only have to be present early mornings and the mid hours of the afternoon and say hello to cash flow. It is pertinent to note though that this is a temporal business idea for women in Nigeria.
9. Delivery Runs
Can you drive? Do you have a license? You need to be available in the mornings and the afternoons too. This business idea for women in Nigeria is an unconventional path that actually works especially in big cities in Nigeria. Simply liaise with hotels, restaurants or other online vendors and begin a product delivery business.
From food to clothing to other items that can be droppshipped, you can serve as the delivery person for vendors and act as a middleman for vendors and customers.
The last big three would require all your Time, Effort and Money but are worth every penny so long as you are committed to excellent problem solving then you are good to go.
Oil came and is going but men will always remain hungry. It is a fact though; anything that touches the belly sells well.
The agricultural sector is an inexhaustible sector. There are so many businesses inside it that you can start.
So if you are not solving problems to a needed and useful extent, do not expect to get paid properly too.
From corn to ginger to beans to cocoa, any sector of agriculture is a good place to start and a pro tip is to farm exotic crops like mushrooms and strawberries. They require minimal efforts (compared to other crops) and their financial yield is applaud-able.
You can also go a step further to begin exporting or sending agricultural products that are in short supply in one part of the country to the other. A good example is Irish potatoes. They are farmed in Jos and are in high demand in Lagos.
11. Poultry Business
Rearing birds for meat and breeding fowls for their byproduct has always been a good investment of time, effort and money because it touches the stomach. Well, since you are not here for lectures, let us talk about why this is such a good investment.
Hotels and fast foods and online chicken buckets are high on demand as people stay indoors more, more bored and hungrier and more susceptible to spend more, it’s a simple cycle.
Raring of birds demands a high investment of capital in time as effort as the birds need attention before they can grow to be chickens you are proud to kill and sell and with that out if the ways, it is a lucrative business to get involved in if you have the space in your backyard to do so.
12. Tailoring/Fashion Design
No, I do not mean iyabo kind of tailoring or fashion design, I mean top notch sewing that causes people to turn heads, in a good way.
Take Mai Atafo for instance, the bespoke Nigerian tailor and alumni of the prestigious Saville Row Fashion Academy.
This area of business will require expertise, skill and will need the necessary machinery to sew. To further distinguish yourself, you’d have to attend a lot of masterclasses or be mentored by someone high up in the industry.
You must also have dexterity in designs and keep in touch with new and latest trends in order to add a touch of your unique style to the market.
You can follow pages on Instagram that have fashion houses and also follow a couple of pages that can give inspiration for the dresses you intend to make.
That should be all but because you have been a good spot and have read until this moment, we will share another trio of business ideas for women in Nigeria. This set of business ideas for women in Nigeria would focus on businesses that requires interaction with the international community and would require more finances and time than effort on your part. It requires a number of risks but success is too sweet to let these deter you.
The nature of this business is that it requires contact with manufacturers from international borders especially china.
Here, you would buy in bulk and for cheaper cost, plus customs and the rest of charges. The goods will be brought to you through Lagos and you can begin to sell them at Nigerian price rates or cheaper, all depending on what works for you. This has worked for a lot of people and still others learn importation or mini importation as it also called.
14. Private Labeling
Now that you have an idea of importation, Private Labeling as business idea for women in Nigeria would not be hard to understand and undertake. In Private Labeling, all you have to do is to send a sample of the designs or prototype needed to be mass produced in factories in china.
They produce these in mass quantities for a fixed priced and they also add your private labels. After production, it is sent to Nigeria properly packaged or packaged according to the agreement between you and the company.
This sort of business reduces the need for you to own a company and allows you focus mainly on sales and distributions.
15. Health and Fitness
Whatever the elixir of life is, we all want it. The health and fitness industry can be milked in various ways so long as you are in the business of problem solving.
In this area, it is possible to open a fitness center or a gym which would require all three, time, energy and money but it is also doable with good man power and coaches who can help people achieve their body goals.
You can choose to go into sales of home fitness equipment from your home that could be used by anyone. The idea here is to buy them in bulk and sell from whatever platform that works well for you.
You can also choose to sell shakes and protein powders or supplements that would help your market achieve the fitness goals they need.
So with these few point of ours, we trust we have done a good job of convincing you that these business Ideas for women in Nigeria is worth your time, effort and money.
Remember that asides these, as long as you are solving a problem, the byproduct of solving that problem will always be money. Do not just read this blog; read, understand and implement.
Let us know in the comment session if you found this article helpful and if you are among the 1% to try this out, let us know how the business is growing now.