As Nigeria’s largest commercial capital, Lagos is known for its excellent infrastructure which provides Small and Medium businesses with an ideal atmosphere to thrive.
In the populous city of Lagos, with around 20 million people, small businesses have high demand due to their large consumer base.
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25 Small Business Ideas in Lagos
Lagos is full of promising small business opportunities that require limited capital and can be highly profitable:
1. Food Catering business
Many employees of Lagos don’t have the opportunity to cook for themselves, given their early mornings and late nights. They rely on restaurants and takeout for sustenance, which is why launching a food delivery business in Lagos could be successful if done properly.
2. Cab/car hiring business
In Lagos, cab drivers make an average of NGN 12,000 a day, making it an appealing business opportunity. Here is a guide on how to get started with a car rental business.
3. Fitness Instructor
In the city, a lot of individuals take care of their health through physical activity and massage therapies. A fitness instructor business requires little monetary investment and is highly valued by the local population.
4.. Event management
Events are hosted in Lagos all year round, offering a lucrative business opportunity for event organizers. Discover more about profitable event management businesses by reading our article.
5. Fashion Designing
Residents of Nigeria, particularly those from Lagos, have an affinity for local fashion designers. There has been an increase in the demand for Aso Ebi in Lagos. Starting a women’s clothing business in Lagos can be very successful if plans are properly organized and actions are taken.
6. Real Estate
Real estate can be a lucrative business in the city. Create a real estate agency and help people find suitable living solutions by buying, developing, and selling properties.
7. Travels and tours
Recently, Lagos has seen a rise in foreign visitors for tourism. As a tour guide, you can lead tourists around the city of Lagos in Nigeria. Other potential business opportunities available include ticketing, visa processing and hotel reservations.
8. Man Power Hiring Agency
Unemployment is a severe issue in Nigeria’s largest city, Lagos. You can make lucrative money by offering solutions to those looking for work.
9. Security Agency
In Lagos, where security is a major concern, you could establish a security service business to offer protection solutions to individuals and businesses.
10. Cleaning services
A cleaning services company is a lucrative opportunity in Lagos. You could provide services such as car washing, home cleaning, office cleaning, laundry, and dry cleaning.
9. Babysitting
In the city, the majority of nursing mothers are occupied with work. To take care of their babies, many of them use daycare centers – with 15 children at a time and charging NGN 10,000 per child – or opt for hiring a babysitter.
10. Fitness center
The fitness industry is especially popular in cities, as people value physical activity and health. This can be a costly business, nonetheless.
11. Cosmetic Store
Having a shop offering cosmetics in a commercial area of Lagos can be highly lucrative, due to the city’s fashion-forward population.
12. Set up a Salon
In Lagos, starting a salon can be potentially lucrative. Services such as cuts, manicures, pedicures, spas, and more can be provided.
13. Bar Cum Restaurant
Despite the competition in Lagos’ restaurant industry, there is great potential for new businesses to succeed. For example, opening up a bar restaurant with a unique theme could help draw customers.
14. Start a Manufacturing Business in Lagos
If you have financial resources, think about beginning a small-scale manufacturing business. Lagos has a great domestic customer base who could buy the products, presenting immense opportunities in this area.
15. Distribution Business
If you have some space to store items, the distributorship business in Lagos will bring you great gains. As a distributor, you’ll act as an intermediary between the manufacturer and the retailer.
16. Quail Birds Farming
In Lagos, like in the rest of Nigeria, there is an increasing demand for quail birds. Therefore, someone can set up a quail bird farming business here and make good money.
17. Funeral Busines
It is possible to be successful in the funeral supplies business in Lagos by starting such a venture. This industry has been known to be very profitable historically.
18. Wine Bar
Residents of Lagos enjoy wine, making it a great opportunity for those looking to open a wine bar in a commercial space. This business can be lucrative in this region.
19. Party Rental
Parties are a big part of Lagos, making it a great place for party rental businesses with plenty of customers.
20. Sell & Repair Mobile Phones in Lagos
Investing as little as N25,000 in Lagos can make a lucrative mobile phone-related business possible. This could include selling phones, and accessories or repairing old ones.
Home-Based Online Business Ideas in Lagos
21. Start a Blog
Starting a blog is the most profitable way to make money from home with minimal investment. There are multiple niche options to monetize your blog.
22. Affiliate Marketing
In Lagos, many people are making a profit through affiliate marketing. Our guide can provide more information on how to do this.
23. Online Teaching
If you have particular expertise, teaching online is an excellent way to make additional income on the side. There are a number of online tutoring services offering work in this area.
24. Dropshipping Business
Dropshipping is an e-commerce product delivery system where no inventory is necessary. All you have to do is accept orders through your website, and the supplier or producer of the item will handle shipping it directly to the purchaser. As a result, you get a slice of the action from each transaction.
Dropshipping is gaining popularity in Lagos.
Learn how to start a drop shipping business with minimal investment.
25. Become a Virtual Assistant
Companies are increasingly turning to online freelancers, such as virtual assistants. A virtual assistant can offer services remotely; this guide provides more information on the virtual assistant business.
Lagos is the perfect destination for business-minded people. Carefully assess the many business opportunities in Lagos, and choose the one that best suits your needs. Good luck!
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