Despite what some university sapa stories might have you believe, education is not a fraud. Obtaining a degree remains one of the most effective methods to take advantage of global opportunities and achieve financial independence. However, are there any ways to earn money while you’re a student?
Business Ideas For Students In Nigeria
The top business ventures for Nigerian students include freelancing, blogging, coaching, e-commerce, modeling, teaching, and ushering. In addition, you can look into digital product sales, interior design, cosmetic services, curating birthday gifts, shipping and logistics, and thrifting.
Discover how to launch your own company as we examine nine of the most profitable business concepts for Nigerian students in this post. We’ll also offer some useful advice on how to manage your business and schooling.
9 lucrative business ideas for students in Nigeria
Studying at a Nigerian university is a lot like practicing for a competitive sport: you have to put in long study sessions, wake up early, and feel like you could nap all week or two. It can be a costly event, so having extra money is always appreciated.
Nine profitable business ideas for Nigerian students are listed below:
- Beauty services
- Birthday gift curation business
- Cleaning services
- Digital product sales
- E-commerce
- Freelancing
- Fruit, food, and foodstuff business
- Personal shopping services
- POS business
All of them are excellent choices that, with proper execution, can be fairly lucrative companies. Furthermore, these suggestions are ideal for any type of student community, whether you live off campus or in a dorm.
1. Beauty services
In Nigerian universities, beauty services such as tailoring, hair styling, barbering, and pedicure services have always been popular. There are a few solutions available, and the majority just need a certain expertise and some inexpensive equipment.
One of the best things about providing beauty services is that it’s an excellent way to start a long-lasting business. There is, after all, a constant market for their services.
Everybody could be a client. Who wouldn’t want to appear well in school.
2. Birthday gift curation business
Birthdays are usually associated with parties, cakes, and gifts, particularly in schools. This explains why nearly everyone you know gets excited about their birthdays and birth months. What if you could turn celebrating birthdays into a profitable venture?
Give gift-curation a try!
Although a gift curation business may appear complex, it is actually rather simple. All you need to do is purchase, prepare, and send meaningful, personalized gifts to your clients.
To make it even more unique, you can add a personal touch by making the gifts yourself.
3. Housekeeping services
Although it may seem insignificant to begin a cleaning service, it can be profitable. Assisting other students in cleaning their apartments and dorms can lead to the development of a prosperous business. Doing the dishes and laundry are two examples of this.
It’s also among the least expensive ventures you can launch in Nigeria.
A willing consumer base and cleaning supplies like detergent, soap, and bleach are all you need to get started. Cleaning products might not even be necessary. Customers may supply the required supplies.
4. Sales of digital products
The ability to monetize a digital product repeatedly is the greatest thing about selling digital goods like ebooks, courses, and even digital artwork. Starting a business at a Nigerian university is a terrific idea, and if you market your items successfully, you can sell them to customers all over the world.
Thankfully, you don’t require a lot to begin going. Simply produce a digital good and market it on a Selar-like marketplace.
5. Online shopping
Online stores, such as PiggyVest’s PocketApp, have significantly improved internet-based transactions. These days, it’s simple to set up an online store and offer anything you want, from food and accessories to clothing and study materials.
One of the best things about launching an online store while still in school is that you don’t have to worry about paying for a physical location. You can invest additional money in your company in this way.
6. Independent Contractors
If you have a skill that is in high demand, such as software development or writing, and you have access to the resources you need to do the work, freelancing is ideal for you. Additionally, it’s a very lucrative and excellent option for a Nigerian student to make money.
However, you are not limited to using only digital abilities and online platforms. You can earn money by working as an artist like Renike Olusanya or as a photographer like Nora Awolowo.
You may also identify and rapidly connect with customers by using platforms such as Upwork and Fiverr.
7. Fruit, food, and beverage industry
It makes sense to start a meal delivery service at a university; if your cuisine and customer service are top-notch, students will come running to you.
Starting an online meal delivery service allows you to reinvest operating expenses from a physical restaurant or stand into your primary product.
8. Individualized retail services
In many ways, personal purchasing is similar to online shopping. You will help clients buy the things on their wish lists in this business. This covers clothing, books, and groceries.
If you can provide consistent, high-quality services, you can become a personal shopper for little to no money and earn a substantial income.
9. POS Business
They’re an additional lucrative business that Nigerian students could consider.
Fortunately, Patronize offers pay-point devices, and you may start using them immediately for ₦20,000 (or less). Benefits of these devices include the ability to track payments on your mobile device or through the web app, as well as instantaneous automatic receipts.
Conclusion
Securing overseas undergraduate internships may appear more glamorous than the firms featured in this article. But they will help you earn more than enough money to cover the cost of the study guides and handouts you’ll need to ace the class. Who knows? Before you graduate, you might have a successful business or a promising career.
