10 Best Business Ideas For Students In Nigeria 2024
Fund Your Higher Education With These Amazing Business ideas For Nigerian Students.
Business Ideas For Students: Are you looking for business ideas as a student? You are in the right place as we have 10 best business ideas for students in Nigeria in this article. There is a lot of business you can do as a student even as so many people think if you engage in business as a student, you won’t put much time towards your studies. No lies but there are some businesses you can do and still have time and attention for your studies. These business ideas are discussed in this article, keep reading to find out 10 best business ideas for a student in Nigeria.
Engaging in businesses as a student don’t only earn you money but it also give you a hobby you can do in your idle time and also gives you first hand experience and knowledge on making money before you finish from school finally especially in a country with a really low employment rate. Keep reading this article to get these 10 best business ideas for students in Nigeria.
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Best Business Ideas For Students In Nigeria
In no particular order, we have made a list of 10 best business ideas for students in Nigeria and they as follows:
1. Fashion Design
The first on our list is fashion designing, this is a hand work that is quite popular in Nigeria and requires skills, speed and ability to work under pressure to excel in this business. As long as people continue to wear clothes either for mere covering up or outings, fashion design will continue to be one of the best businesses to venture into as a student.
The major downside to this business is the time taken to learn the requires skill and customer base development. Once you get a hang of these two things you’re set and you can only go up in this business. As a student in this business, you can just decide to handle your friends cloth repair and sew the gangs asoebi when needs arises.
2. Affiliate Marketing
This is another of the best business ideas for students in Nigeria as most students venture into this line of affiliate marketing. This business can go hand in hand with digital marketing as you need to learn how to pick the right products you’d like to use for your affiliate marketing program. Combination of these two fields help improve flow of income. This business is basically using online tools to bring clients to their target audience.
3. Freelancing
Freelancing is also another of the best business idea for a student in Nigeria. This is a business in which most Nigerians venture in as it requires you offer remote services to clients across the globe and earning their pay in dollars. This idea is really a good option for students as you can conveniently work for your home and not show up everyday.
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Most people venturing in this business become millionaires within a year as it involves copywriting, to ghost blogging, to graphics design, to even long projects like web development. And like most every other business, you might have to work a little harder if you don’t use freelance platforms like Upwork, Fiver, and Indeed. If you’re able to do all the work and become a full experienced freelancer then can you establish your own network to offer services directly to clients and no longer depend on sharing economy that is controlled by freelancing platforms.
4. Tutoring
Tutoring is another best business idea you can venture in as a student in Nigeria. Tutoring is not just limited to school work, you can also tutor on music, computer, or whatever skill you have but barely practice, tutoring is a good way to put that skill to use. Also you might be a natural born teacher, you can learn on a subject and tutor others on it and earn good money from it by teaching in one-on-one lessons, virtual classes or a gathered room.
5. Baking
Baking is another top business idea for students in Nigeria. It is an interesting business especially if you have love baking naturally. With the right network, you can handle birthday cakes, ceremony cakes and others as these events are inevitable because people would definitely mark a birthday either with a big celebration or not but cakes are always welcome. Learn to be a highly skilled Baker and rule your worlds as a student doing what you love the most and making money from it.
6. Photography
Photography is another not so expensive and one of the best business idea for students student in Nigeria. With a little passion for photography you can capture moments at ceremonies, parties, outings, seminars and many more. To venture and excel in this business you need to invest in a camera with standard quality and learn the principles attached to photography. You can create a portfolio that showcase your best works and use that as a promotion as event planners could be interested in your skills. As a student, photography don’t take your time much especially if you learnt the skills before you became a student which makes it easier for you.
7. Event Management
Another of the bet business idea for students is event management. Each day all around the world an event takes place even down to Nigeria alone, either it is a wedding, ceremony, hangouts, birthday parties and others. You can make a lot of money as a student in this business, all you have to do is plan the cost, the workers, ushers etc. It is a low cost business idea and you can starting by events planning for family and friends and graduate to other people and you can also decide to invest in chairs, tables and other rentable as your business grows.
8. Laundry Business
Also as a student, one of the best business idea is Laundry business, it is quite a low-cost business venture as you may not necessarily need to rent a different place for business as you can run it from the comfort of your house for a start. You also don’t necessarily need to learn any skill before you can venture into this, all you need for this business is basically a washing machine, washing detergent and hangers.
9. Sell Handmade Goods
Handmade goods is another lucrative business idea for a student in Nigeria. With a skill in sewing clothes from your own patterns, design jewelry, bake truffles, or make dog treats, you can excel well in this business. You can easily sell through online markets and social media platforms to advertise your creation.
Other ideas for handmade goods to make and sell include: Beaded or textile jewelry, Handmade soaps or bath bombs, Pet supplies like treats or leashes, Greeting cards, Tote bags, etc.
10. Blogging
The last top 10 business ideas for students in Nigeria we will be sharing is Blogging. Blogging allows for you to share your insights and knowledge with a world wide audience. From a topics like travel, fashion, health, technology, music, entertainment and other topics you can choose and share your knowledge on.
If you are a student who loves writing, blogging is the perfect idea for you. With platforms like WordPress or Blogger, you can develop a schedule to build your blog with consistently publishing highly informative contents as people will always turn to blogs for information on entertainment and solutions to their problems. Over time, you can monetize your blog through sponsored posts, or affiliate marketing.
Frequently Asked Questions
1. What Is The Cheapest And Most Profitable Business To Start?
There are lots of businesses in this category and some include; Information Services, Social Media Management, Drop shipping Business, Event Management. etc.
2. What Is The Fastest Small Business To Start?
Business ideas that are easy to start quickly include; Yard work, Software training, Homemade soap making, Errand service etc.
3. How Can I Make Money As A Student In Nigeria?
As a student in Nigeria, you can make money online in various ways. Try freelancing on sites like Upwork or Fiverr for skills like writing or design. Offer online tutoring or teaching services. Explore affiliate marketing by promoting products on social media.
4. What Business Can I Start With 5k As A Student In Nigeria?
From tutoring to tech troubleshooting, growing and selling social media accounts to offering dance lessons, there are various business opportunities that you can explore with just 2k to 5k Naira. Whether online or offline, these businesses provide a way to earn extra income while balancing your studies.
5. What Business Can I Start With 20k As A Student In Nigeria?
Starting a soap-making business in Nigeria can be quite profitable with a start-up capital of 20k. Soap is a basic necessity that is always in high demand, making it a good market to explore. All you need to start is some equipment and raw materials such as oils, fragrances, and lye.
Conclusion
In this article, we have listed and discussed 10 best business ideas for students in Nigeria to venture. These ideas won’t clash with your student activities but will rather make you less idle and put some money in your pocket.
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