This list would incomplete if rice farming isn’t started. There are plenty of industries that are into one food processing or the other. A good physique and some knowledge about fitness and physiology would send the signal that you’re an expert. Monitor how quickly you turn those plans to the most successful business you’ve ever ventured into. You can turn your love for fitness into a career without the need of large capital investments. As said initially, running a profitable business at this time is a function of business management, which would depend largely on the entrepreneur's l. … While there are … A lot of persons would prefer to get their car fixed right where it got bad, instead of experiencing the inconvenience of having the car towed to a mechanic workshop. This obsession, thus, creates a business opportunity. In Oyo state there are mechanics scattered here and there and you too can join the competition. The parents of this children would be willing to pay a sum to improve the children’s performance in school. These businesses posses juicy potentials for growth. Plus the only thing that is booming now is the creative industry. Hence, we have assembled a catalogue of the most profitable small businesses in 2020. Blogging. Ezekiel is one of the numerous teenagers who run a mobile car wash business in the daily, gruelling traffic along the Lagos-Badagry expressway. We live in a period of exquisite taste in fashion. You would be avoiding the startup and overhead cost having a physical location by making your services mobile. It really is a great experience to be at Oyo state, as the people of this state are known to be very hospitable people. 10 lucrative small business ideas you can start now. Building a hotel in a rural area in Nigeria where people are sparsely populated with poor amenities is really a bad idea. The lower overhead, increased geographic versatility and good returns makes it one of the most profitable businesses in 2020. You can turn this into a business. In recent times, there is a rising necessity to live a healthy life. Irrespective of how a brand decides to promote its services, whether they utilise a high-end advertising or marketing agency or not. Poultry business is another lucrative business opportunity particularly for the eggs whixh is a staple in the average Nigerian diet. Starting a business in Nigeria may be a bit difficult, especially if you are a bit confused about what business to venture into. Best Dining in Ibadan, Oyo State: See 225 Tripadvisor traveler reviews of 31 Ibadan restaurants and search by cuisine, price, location, and more. Now you’re confident that you have crossed all the ‘t’s and dotted all the ‘i’s. If anyone need to purchase or lease land for farming either pastoral, Arable or mixed, I can be contacted. It can seem arduous to find the perfect business idea. Strive to be the best at your own approach. Yet, this doesn’t make it any easy to become one nor a successful one ay that. You can organise private lessons for children of different families with a proper schedule. Imagine the increasing number of persons experiencing problems with phones, you could provide solution to them. Transportation business in Nigeria is still growing with the increase in population which is estimated at about 180,000 million as at 2018. Top 10 Most Profitable Businesses in Nigeria (2020). Start this business and you will enjoy the fun & income that comes from it. tell me what you think? What about kerosene business how profitable is it, cos am thinking of going into that bid. People will always want to make their hair. This business is profitable to those with the experience but very very profitable. As always, you can also broaden your audience by offering you services online. Draw out your effective business plan. Now that you have an idea of the type of businesses to likely invest in Oyo, then it becomes important that you know how to go about raising the required start up. Many ordinary Nigerian citizens have made a life for themselves and their family from this business. 1.3K likes. Your email address will not be published. It is the dream of every parent that their children becomes the best at whatever they do. Auto repairs business is one business that that have continued to yield profit from time immemorial. Making car wash services mobile is amongst the most profitable businesses in 2020. Free parking. For a fast learner, six to twelve weeks of training should be enough. Helping other local small business owners can be a lucrative enterprise. At the end of the day, all you have to do is choose an idea that is most suitable to you. Women are also rapidly embracing haircuts that where once solely associated with their male counterparts and vice versa. With repairs ranging from low level to high level technical skill requirement, anyone with dedication and resourcefulness can become an auto technician. Small Business in Ibadan, Nigeria. You can also start funding your initial growth with a business credit card if that is available where you live. You can as well add the sales of accessories to it. About Ibadan Business School. I know you aware of the current situation of rice in Nigeria and how the prices skyrocketed in 2019 due to border closure. Ibadan Business School (IBS) RC: 972642 was incorporated on the 17th day of August, 2011 under the Company and Allied Matters Act 1990 of the Federal Republic of Nigeria with the primary objective of promoting the growth and advancement of business … You may also consider investing in the printing of recharge cards. Do not forget to offer quality services and good after sales services, to increase the chances of customers returning and keeping you in their speed dial. If you interested in this niche, there are several ways to acquire some training — either by subscribing to an online training or getting some training offline. What you need is … As enunciated in our catalogue of the most profitable businesses in 2020, there are a plethora of ideas that will suit the full range of business ownership experience and preferences. Even so, you can read our article on how to make money online to get more internet-based businesses. Despite more than two-thirds of people using modern technology think they are tech-savvy, in reality only a few of them actually have an in-depth knowledge about tech. You too can think to start an industry like this. Do you have a knack for fitness? Show Prices. Even so, it also one of the most profitable businesses in Nigeria. Going into transport business in Nigeria is a viable proposition since the market is there for you and beside, those in the business already are racking handsome profit. Below is the most lucrative online businesses in Ghana that you can invest in today. There are several garages in Oyo state and these garages have vehicles that tour different parts of the state, as well as outside the state. Blogging is one of the most profitable online business with no doubt about that. Those who are in the business know that been consistent with this type of business brings about great success. Car Wash Services9. Make-up Services You’ll also find ideas that fall within the realm of childcare, others that correspond more to B2B services, and some that suit entrepreneurs who are looking to be on the move with their businesses. Note: There exist a misconception about fashion designers. He has bought 3 exotic cars and built his duplex house in a choice estate in Ibadan, within 4 years, all with proceeds from his snail farming business. Laundry/Dry cleaning – laundry services had been in existence for decades now. I have 300 Acres of land off Owode- Idiroko road, just 20 mins drive away from Canaan Land(Winners Chapel) Ota and 5 mins drive away from Military cantonment, Owode. There are even some businesses that could be started for less than N10,000 or N15,000, so capital really shouldn’t be so much of a stumbling block that would stop any serious entrepreneur from starting small and building a profitable business in Nigeria. In all of this, those who … (especially of a…. Hence, making IT support one of the businesses in demand. Many people have passive capital they would have loved to invest in transport business, but with the stories of how drivers (bus, taxi, keke, okada) swindle owners who spent their hard earned money to acquire the car, bus, keke, or bike they are driving is enough to discourage people from investing in this business. 25 profitable small scale business ideas in nigeria A lot of fresh entrepreneurs are looking for small business ideas to invest in with little capital. Since most people would want to get their gadgets fixed as soon as an issue arises. You can make your services available for request on social media and eBusiness websites to broaden your audience. Poultry business plan is like a road map leading you to where you are going in you business. For a lucrative hotel business, an entrepreneur must site the hotel at the centre of the city – the heart of the city where everything modern can be found. This is one state that has continued to be one of the strong forces in the south western part of Nigeria because of its rich cultural heritage. Hence, in order to make an idea a success, you need to make sure it’s worth it. If you’re skilled as a mechanic, you might consider a mobile auto repair service as one of the most profitable business ideas. How do I ensure success in a particular business? Do you live in a metropolitan city? A lot of Nigerians are cashing out from this business. He will expose all attendees to the secrets that led to his successful snail farming business, and how everyone can replicate the same. Fruit Juice Making Oyo shuts six Ibadan gaming businesses for underage betting. Electronics Repair2. Now, let’s see 20 lucrative business ideas I believe you should look out for in 2019. The #1 Best Value of 400 places to stay in Ibadan. List Of Top 20 Most Lucrative Business In Nigeria 1. You’ll also need to strengthen your fashion portfolio and improve your knowledge of business and finance management. An evidence of the surge in the number of cars on the road is reflected in the bad traffic experienced on commute. It isn’t compulsory that you must always render your service in a gym. It will help you know where you are at any point in time. The work tailor is merely a fragment of what a fashion designer does. Since cocoa is produced in Oyo state, there has been the emergence of various cocoa processing industries. It is for that reason that the recharge card business becomes a viable business to start in this state. You might already have a profitable business waiting for your exploration. Two of them served snacks and soft drinks the last focus on meals and soft drink. This is an idea you can turn into a thriving business. Also you can sell your birds during festive period. Whatever the case may be, we require the assistance of a fashion designer. Even though this doesn’t always hold true, yet it presents a business or service in demand. This business is so profitable that foreigners are investing heavily in it. This is a form of business that you can start with a very low capital. Drop Shipping. So, this is the 2019 list of the most profitable Agric Business Ventures in the Nigerian market. There are tailors in Lagos Island or better learn the skill it will … Rent in major cities across the world is generally on the high side. Although you make require some months training to become excellent in this business, changing of engine oil, battery swap or replacement, headlight repair and many other fundamentals do not require much training. Best Western Plus Ibadan. But as a new startup owner, you might struggle to qualify for traditional business loans right off the bat. Even so, it is difficult for a small business entrepreneur to penetrate into such industries. The problem most people have is the starting point. You may also have to get a business licenses, and safety compliance standards. Save my name, email, and website in this browser for the next time I comment. … most profitable small businesses lucrative business in ibadan demand like a road map leading you to where are. Unique touch of excellence that can ’ t be found anywhere else are people love., thus, creates a business credit card if that is booming now is the most businesses! 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