10 Lucrative Businesses You Can Start In 2021 (GLO 30527 84696 91429)
As e dey hot! Lots of folks are fired up and ready to start a business and make 2021 the year they achieve their dreams regardless of the persistent Coronavirus.
During the heat of the pandemic last year and towards the end of 2020, some businesses showed tremendous growth so that even after the off/on lockdown these businesses have continued doing well.
If you are looking to set up a business in 2021, you should check out this list;
1. Logistics Business
With the influx of e-commerce business even in the heart of a pandemic, brought on by the Coronavirus, the logistics business has thrived. Due to many businesses setting shop online, there has been a high demand for goods that needs to be moved from one designated area to the next. With half a million naira, one can begin a logistics business in Nigeria. For movement, the business makes use of buses, trucks and cargo bikes. In a state like Lagos, where the traffic situation doesn’t make for faster travel, the use of bikes is more popular and can easily manoeuvre through traffic jams.
2. Poultry
Even from the comfort of your home, you can start a poultry business. ThisDay claimed that Nigeria’s poultry industry was worth over N1.2tn as of 2017. You can keep your chicken and turkey for both their meat and eggs.
3. Digital Marketing
Traditional advertising though still very important is not the only way a company that wants to grow would go. Businesses all over the country are running both offline and online campaigns and they keep looking for digital-savvy folks that can take their business to the next level, and increase sales via social media marketing. Get trained and certified and jump at this opportunity.
4. Software Development
Almost every company wants to be tech-savvy, hence the need to have functioning websites and apps to help their customers enjoy their services. If you know how to develop software, you are a hot cake.
5. E-Commerce
Gone are the days when you had to pay 250k to get a good store in a highly competitive area in Lagos or other parts of the country. E-commerce has opened doors for small-scale businesses with minimal overhead costs. Depending on your ability to market your business online, you already have a shop by simply posting your goods on your social media pages.
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6. Maize farming
According to Entrepreneurs.ng, Nigeria is one of the second-largest producers of maize in Africa after South Africa and the 11th largest producer in the world. Companies like Nigeria Breweries, Cadbury, and Nestle, buy maize in large quantities from different outlets to make drinks, cereals and the like. There are other meals we get from the corn such as pap, popcorn, roasted or boiled corn, used as a flour mill, animal feed and so on. The bottom line is that maize is generally accepted in the country and it is quite a lucrative business. Within 3 months of planting, you can harvest up to 8 tonnes of maize.
7. Transportation
There is a large open market for transportation. With the limitation as to where bikes and Keke can penetrate in the Lagos market, many passengers pile up frustrated in parks waiting for their ride. To cater to this crowd of people, you can purchase buses for commercial transportation. As we get more involved in the digital world and seek for better comfort, you can develop a transporting business like Shuttlers, (which is still a bus except you book the ride online and enjoy your trip without being squashed into a corner) Bolt, Uber, etc.
8. E-Learning
What skills have you acquired and would like to pass on? Since the beginning of the pandemic last year, most classes have gone online. Which makes it even easier to have a lecture space. From the comfort of your home, you can take master classes via YouTube, Zoom and other internet apps. You can start with a free lecture or tutorial and upgrade to premium classes that come with a fee. If you are good at what knowledge you are trying to impart, customers will come knocking.
9. Real Estate
Aside from owning a property in Nigeria or in the heart of Lagos State, people are becoming aware of the need to invest in real estate. Individuals and companies are currently investing in fintech, stocks, farming, and real estate, among others. All you need is to attach yourself to a real estate company (if you can’t start yours yet) and bring in your first customer.
10. Consultant
If you know what you’re worth and will like to guide other businesses into making the right decisions for their companies, then step up to this job. You can start off on your own as a professional in your chosen field, then grow your business and hire other consultants over time.
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