AFRICA UNTAPPED BUSINESS IDEAS & OPPORTUNITIES
In a highly competitive market such as Nigeria, most people are confused about what business idea to start with less competition for full profit is.
What are some untapped business areas and possibilities in Nigeria for a business person to make money?
This article provides a closer look at some of the profitable business opportunities:
1) WASTE & SANITATION MANAGEMENT
Roughly 11 billion tons of waste is being collected globally, producing a passive income of 410 billion dollars.
Suppose you are from a less developed country such as Nigeria. In that case, it is not only through waste collection and recycling that you collect homes that you will become one of Nigeria's wealthiest entrepreneurs.
Everyone wants a clean environment, but nobody wants to clean the dirt because of his hygiene knowledge.
NB: Tons of items from recycled wastes, including Plastic&Broken Bottles, Wine Cork Panels, Roofing Sheets, Slippers, etc., can be made.
As a small business owner, you do not have to be responsible for recycling; all you have to do is look for ways of obtaining waste items from recycling organizations, and it will be paid for.
2) FOOD TRUCK/CONTAINER BUSINESS
Another extremely untapped business concept in Nigeria is a food container company for the working class alone. People are too busy today, and very few take the time to cook or sponsor a restaurant.
Your food container company addresses the problem of food for most people. You should store food that is most likely to be consumed and remain in areas with a large volume of traffic.
And also I suggest you concentrate mainly on offering light breakfasts like tea, coffee, and snacks that employees take on their way to the office to be a unique business concept, which is different from the ordinary restaurant vendors.
And as the lunchtime comes, regular meals like white and jollof rice, yam, indomie, etc. can be prepared.
NB: Know, you need to set up an office-like container. You can put your container in parking or at any crowded place on the roadside. Best of all, you can cut your rent by 70% because you will need less space. After all, sitting arrangements are less important.
3) ORGANIC FARMING BUSINESS
Unlike the rest of African countries, Nigeria still needs to grow its agricultural and farming potential entirely, even though it is an agricultural country with a record of being one or the other world's leading producers of some crops.
Organic farming is still young in the country in a structured way, with less than a decade of application. There is a strong demand for organic food globally, so make fruits, crops, milk, or any everyday commodity, and soon people will see you alongside many millions and millionaires in the front pages of business magazines.
The best thing about organic farming is that the government supports it and grants and subsidies to entrepreneurs who are willing to start it.
4) ALTERNATIVE ENERGY FOR HOMES
According to reports by electricity generation firms, the average energy supply in Nigeria is 3,851 MW, which is not near the necessary power supply necessary by Nigerians.
The entire sector has been privatized since 2005, and it is now the sole duty of these private companies to ensure that more than 180 million Nigerians have control, which they have failed to achieve. Alternative energy sources used in households are available in many forms, such as solar, biofuel, wind, biomass, and many more.
For big business people that do have something to do with now, this is the perfect time for you to make money off this country's poor management and leadership because Nigeria's energy supply crisis doesn't seem to end soon.
And Although this concept is capital-intensive relative to others, the demand is much bigger than you would imagine.
5) EMPLOYEE TRAINING
More than 50% of graduates complained that their degrees never qualified them for the job market.
This indicates that educational institutions have not prepared students for workplace space with the right information. As a consequence, someone must prepare these workers to fit into the market.
What ideas are needed? In taking advantage of this business opportunity, you can develop multiple technical courses, a valuable tool for society.
You will also need to search at places where workers are lacking and then build the remedy. They can be educated on various issues that give them a voice on the labor market. You can make sessions accessible online, if you have no physical venue where all your candidates can meet.
This will cost you very little, and the projected profit you will make depends on the number of courses or sessions you would sell. The number of customers you sell also defines how much you can do.
6) CAR BODYWORK BUSINESS
Many Nigerian car users depend on this type of company. They need their services to repair their accident-related damaged vehicles.
Garage car bodywork also provides easy repairs. These facilities include pneumatic rotation and paint retooling.
NB: Sometimes, customers are not pleased, but they have no alternative because this service's operators are limited.
But however, there are many difficulties in this profession, but if you have detailed information about car repairs and maintenance, there are many car users outside. If you're interested in such a company, you can learn it for months.
NB: If you're already in it, polish your skills and deliver quality services to customers.
Find a good spot, extend your site, and eventually get some small networks. But if you don't have the time to study this for months, it's all right, and you can only be a 1-2 month worker and hire people who are already in car bodyworks.
7) HOMEMADE COSMETICS
Due to the rising number of users, the demand for this service is rising every day. This made it far more profitable than it was in the past.
You should know that many small businesses are now in this business market, but you don't need to be afraid, as many do wrong. In this region, I am certain that there are still many untapped opportunities. And starting is pretty fast. Scan your rivals and consumer audiences, and then name your goods too attractively to disregard them.
You can build different pages on common social networking sites to meet your potential clients in an accepted area. In reality, you can even market them across the country in different locations.
CONCLUSION:
The new generation of business owners and entrepreneurs in Nigeria focuses primarily on already discovered and already over-crowded segments.
To find these untapped business concepts and answer consumer needs, we need to think entirely outside the box, without being affected by the current businesses now.
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