With the steady rise of the unemployment problems in Nigeria, many people now look for what they can do to start making money. Not just a money-making business of any sort but a daily income business in Nigeria.
There are so many daily income businesses that you can begin with relatively minimal capital in Nigeria and make a notable amount of money.
Whether you’re still studying and you need a side hustle that gives daily income. A graduate or you don’t even have an education background but looking for how to make money daily in Nigeria. Or even a stay-at-home mom, this article will talk about some of the best daily income business ideas in Nigeria. Check them out below.
Daily Income Business in Nigeria
POS Business
The POS business is Nigeria’s foremost daily income business on this list. It is one of the fastest-growing businesses and most rewarding endeavours right now in Nigeria. POS business brings money every day.
And you can begin the business no matter who you are. Whether man or woman, student, graduate, zero education, and even housewife. On average, POS agents cash in around 5,000 Naira in daily profit.
Food Business
Food is one venture in Nigeria you can begin with any amount. With as low as 50k, you can venture into the business. N50,000 is not a bad amount to start a business in Nigeria. Food such as snacks, fast food, etc., can be delivered by you through your social media page, your Whatsapp, or even a devoted sales website.
With the proper care and attention to ensuring the best for your clients, you can elevate your business quickly and become a household brand. The food business is one of the businesses that can give you daily income if you go about it in the right way.
Sale of Recharge Card
Selling recharge cards is an easy way to make daily income in Nigeria. The business makes quite an amount of money from low capital. This business grows fast as it is in demand because people want to make calls and buy data.
You can begin a recharge card business in Nigeria with whatever amount you can afford. However, the scope for profit is not that excellent, with the fast sales that come with it. On average, you can make up to 3,000 Naira daily. This business is a good choice for students and young minds who do not have a large amount of money to venture into a big business.
Logistics
The logistics business is one of the fast-moving businesses in Nigeria presently. The logistics business runs around a number of areas and services. From conducting warehousing to delivery and other specific services.
With quite a number of people working from home and leveraging the Internet and social media as their sales points. A large number of them work without the comfort of paying their own staff. So, that leaves the option of hiring liberated service delivery agents, one of the services people ask for a lot is logistics. It is highly sought after.
Betting Shop
Opening a betting shop outlet is also a way of generating daily income in Nigeria. Nigerians are particular about gambling, and it is not only about football. But for other sports, and when talking about virtual betting, you will most likely not be short of people to come to stake their money anywhere in the country.
This business is not really difficult to start. As you only need to register with a betting company. And acquiring all that is needed to begin, including a set of computers and a shop in a busy area. The Sports Betting Business brings steady income as you will make money in numbers, especially on weekends.
Affiliate Marketing
Affiliate marketing is presently one of the businesses that can assure you thousands in daily income. In Nigeria, there are sites that can help you with affiliate marketing and aid your dream of making money through affiliate marketing.
Expertnaire is one of the sites for Nigerians. It is perfect for the Nigerian terrain, and the normal limits you encounter as a Nigerian on other sites have been reduced.
Charging of Phones
With terrible, fluctuating, or even blackout of power supply in most places in the country. A lot of people look for places to power their gadgets like phones, mp3 players, power banks, and so on. Thereby making charging a making venture. It is a good one to look into while looking for a business that brings daily money.
The phone charging business is not difficult to begin, as you only need a generator, a few spots to charge, and a shop to get it up and running. You can arrange all these with less than 200K; in return, you can make money daily from this business.
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Cleaning
Daily income Business in Nigeria will not be complete without adding the cleaning business. You can delve into this venture, starting with zero capital. Put in the work, promote what you do through a number of sources available, and you can expect to make daily income from cleaning.
Cleaning is a service that can be offered to a wide set of clients, from cleaning on regular occasions to office cleaning as contracts and even house cleaning after fumigation or after a renovation. Cleaning is constantly a service that many people would always need at some point.
Food Delivery Business
The food delivery business also called a dispatch rider business, is a daily income business in Nigeria that is not really exploited. And it could make you hundreds of thousands every month.
Although you need capital to begin, and also need some skills, including bike riding skills and how to find the right people to start. You can make a lot of money just by becoming a delivery guy in Nigeria.
This business is very easy to manage and is not difficult to operate. It involves moving food from sellers, which are mostly cook-on-demand restaurants, then delivering it to consumers and getting paid.
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Phone Accessories Business
Selling phone accessories is one of Nigeria’s most lucrative daily income businesses. People are aware that the Igbos were mostly known in this business. Anybody can venture into the business in any part of the country.
This business has to do with the sale of accessories, including chargers, batteries, phone cases, and earphones, as well as power banks, memory card chips, and mp3 players. Either you go about it with a wheelbarrow or an open space to show your product. You will make money every day from this business.
Frozen Food Business
The business of frozen food is another unexploited daily income business in Nigeria. This business has to do with the sale of frozen foods such as turkey, chicken, fish, etc. Sellers of frozen foods make money daily, as there is a huge demand for all types of frozen food. They come from restaurants and also individuals.
Transportation
The transportation business in Nigeria is one of the oldest ways to make daily income in Nigeria. It deals with carrying passengers from one destination to another by road. This can be interstate, within a state, or as small as a town.
This business can be ventured into with buses, bikes, and tricycles. To begin this business, you will need to get one of these, then look for a driver who will deliver daily after work.
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Okrika Business
Okrika business deals with selling London-used clothes, including shirts, trousers, shoes, bags, socks, etc. This business is known almost everywhere in the country parts because of the profit margin it brings.
Okrika or bend down select is in high request as so many Nigerians choose it over new clothing materials. However, it is mostly because of financial restrictions. It means that there is always a place for the business.
To enter the business, you will need around 80,000 Naira to 100,000 Naira. Then look for Okrika depot close to you, e.g. they are mostly different rail lines in Lagos. Then purchase in large quantities, and begin selling at retail prices.
The profit of this business fluctuates, as the amount you will make hinges on the type of products you have. Sometimes, a full sack of Okrika does make up to 300% ROI and beyond. That is, if you purchase a sack of about 50K, you can make up to 150K on the sack.
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Sale of Cooking Gas
Almost every home now uses a gas cooker to go about their cooking. The gas refill business is a quickly growing daily income business in Nigeria. Anybody can start this business anywhere.
The beautiful stuff about the gas refill business is that you can begin on a small scale, with little capital, and on a large scale, with huge capital. The profit of this business is huge, as you can not go a day without making money.
Laundry Business
The laundry business is a profitable daily income business that can even be carried out as a side hustle. The high demand for laundry in Nigeria has turned the business into a profitable one all over the country, as you can deliver a laundry service at N500 per shirt or N2000 per suit.
You will always make money from this business during the week or on weekends as so many people need your services. They include professional workers like bankers, doctors, lawyers, politicians, and entrepreneurs. Businesses like hotels can also need your services.
Although you don’t need a huge amount of money to begin this business. It can be strenuous, particularly when you have to do it yourself. However, if you can get huge capital, you can employ people in charge of washing, ironing, and pickup and delivery simultaneously.
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FAQs for Daily Income Business in Nigeria
Sell Online Courses
Making a course for various skills, including dance, drawing, cooking, etc., and selling it on platforms like Udemy, Unacademy, Skillshare, Teachable, etc., can help you earn money daily.
If you want to make money every day, you should indulge in intraday trading. In intraday trading, you buy and sell stocks within a day.
Yes, you can become rich by investing in the stock market. Investing in the stock market is one of the most reliable ways to grow your wealth over time.
Certificates Of Deposit With The Highest Interest Rates
If you’re looking for a safe investment with a solid return, you may want to consider a certificate of deposit (CD).Â
Fixed deposits
Fixed deposits are easily among the best options for short-term investments. They offer a high rate of return, independence from market fluctuations and interest rate volatility, and high flexibility in terms of tenor period.
There are a lot of profitable daily businesses in Nigeria. However, the major hiccup that may be troublesome is looking for the best location for the business. Daily income businesses will grow more in a quick-moving environment than in a secluded environment.
