What business can I start up here in Nigeria?

There are many opportunities for business in Nigeria. If you live abroad and want to start a business back home, now is a great time because of the favourable exchange rate when you send hard currency back. 

But don't just jump in. Start-ups can be difficult and people want innovation. Consider what is in high demand in Nigeria now, and think of how you can provide it. It could be a new idea or same thing done differently. What you end up with may well depend on your investment capital, passion and skills.

20 high demand medium to low scale capital investment businesses 

  1. Fast food 
  2. Food processing like juice, ice cream, yogurt, milling, etc.
  3. E-commerce 
  4. Transportation
  5. Automobile parts
  6. Production of bottled and sachet water (pure water)
  7. Cold room for ice blocks and frozen foods
  8. Internet services
  9. Car wash
  10. Entertainment &; multimedia business services
  11. Event planning
  12. Blogging, product review and website traffic referral
  13. Social media management & digital marketing services
  14. Mobile technology and smartphone accessories
  15. Affiliate marketing
  16. Product distributor
  17. Private security &; facilities management services
  18. Customer service call centre management services
  19. Website design, data management and programming services. This includes other technology based businesses like developing an App or game that can be downloaded worldwide.
  20. Bakery - bread, cake and related catering services. 

Partner with a Business Development Company

HetoGrow Investment Management is on ground to assist you with start-up risk assessment, marketing research, developing your business proposal, setting up bank accounts, completing associated business registration processes. You may also need help with capital structuring, reinvestment and repatriation options. As noted above, don't just jump in. Do your homework and test the market first before you start up your business.
An excellent example of a high demand business idea in Nigeria is internet access and related technology. Many people are trailblazing right now and lush opportunities abound. 

Mobile internet consumes a lot of power.  So, power banks have become essential and very popular phone accessories to have. People use them to charge phones, internet modems, universal USB connectors and office signal boosters, etc. Unfortunately there are too many fake power banks all over Nigeria.
But HetoGrow's fighting the proliferation of fake power banks. HG solar power bank warranty registration can be completed easily online

You can become a Distributor and enjoy huge discounts. You can make over N1k for each one you sell. And if you win a large company order, you don hamma be dat! Here’s link to the online application form - Distributor Application: HetoGrow Solar Technology

At HetoGrow we are keen to help entrepreneurs grow. You can sign up for our Affiliate Programme and make residual income on the side through internet marketing.

Avenues for market penetration and sales growth

  • Traditional marketing and selling locally
  • Online sales and Affiliate programme
  • Selling at university and polytechnic campuses
  • Selling at NYSC camps
  • Acquire a bulk order. Some distributors tend to focus on getting large purchase orders. When the deal is done, they smile to the bank. 

The market is huge and the product is excellent. Robustly tested and in high demand in Nigeria for mobile gadgets like smartphones, internet access modems, tablets, USB table fans, etc.
There is a great need in Nigeria for excellent top quality power banks. HetoGrow is making great efforts to educate the public about fake power banks and how to avoid them

HetoGrow started producing HG solar power banks because of too many fake power banks in Nigeria. It is shocking that Customs even allow so many fake products in the country. And one can’t see what the Standards Organisation of Nigeria (SON) are doing either. Shocking!
The product spec was designed in London specifically to be robust and long lasting and be able to especially cope with the harsh local environment in Nigeria. Production was commissioned in China. Independent testing agency was also commissioned to confirm that the products are functional and comply with the approved specification. We then obtained certification from the SON before shipping to Nigeria. Nigerians deserve the best!

The summary point is, whatever business you do, always ensure you produce quality products that your customer will enjoy. Then get appropriate certifications for what you do.

Check out the quality assurance page and read answers to customers frequently asked questions - Solar Power Bank Quality Assurance: Power Bank phone Chargers

Also have a look at this short video interview on HG Facebook fan page. If you are an Entrepreneur or want to start a business, you should watch it



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