There are many successful businesses in Nigeria that can bring you profit in a short amount of time. These fast-moving businesses are great for individuals who want to make money at a quick pace. In this article, we will discuss various businesses that once started, are certain of having quick sales and revenue.

The list below contains many fast-moving businesses in Nigeria. Some don't even need a lot of capital!

Fast Moving Businesses You Should Consider And Why

1. Food Business:

This is a good option because eating out is quite common. You could either start a fast-food business or a Simple restaurant. However, fast food businesses need more capital and have more competition. Restaurants, on the other hand, are more likely to succeed. They require less capital and could make a profit every day! It is also easy to win loyal customers as long as your food is delicious and you have good customer service. 

You may have to spend between N50,000 – N900,000 (depending on the scale and type of food business you want to operate) to get it started. Although there are a few factors that determine the success rate of this business such as finding a location easily accessible to your customers and having the right skills and personnel, the food business thrives every season and is in demand every day. So, profit is assured as long as you take into consideration these factors.

2. Poultry Farming:

Meat from birds such as turkey and chicken is in high demand and for this reason, poultry farming is one of the best businesses in Nigeria. With a relatively small capital of about N70,000 – N200,000, you could get enough for small poultry with more than 50 birds! 

One way to maximize profit with this business is to start close to the festive season. During that period, poultry birds are usually in high demand. You would thus make more profit than if you were to sell during the regular seasons.

3. Dry Cleaning Business:

This is a big business idea and could get you income daily if set up in the right place, especially if you live within the city. This is because many people, especially those of the working class are usually too busy to attend to their laundry needs and would rather pay someone to get it done for them. It would cost around N15,000 – N100,000 to start this business. Yet, you will always have customers if set up in the right location.

4. Tutoring Business:

If you’re great at subjects like Mathematics, Physics e.t.c It is possible to start tutoring secondary students preparing for WAEC and other exams. This opportunity is also open to university students, you can tutor university students who need help with their courses. 

This can get you great profit, especially if you’re able to get a lot of students under your tutoring program. You may spend from N10,000 – N30,000 to start the business.

5. P.O.S Business:

Every day, people need to make financial transactions. P.O.S business serves as a way to extend services offered by financial institutions not only in the city but also in other unreached parts of society.

It also makes it easier for people to get the money they need in exchange for a commission. A minimum of N50,000 is all you need to begin the business and profit-making is easy since the target market is large.

 Raise your capital, get a good location (a densely populated area is best), fulfill the official requirements, and apply for a POS machine at any bank. Once approved, begin offering your services to customers.

ENDNOTE

This list has given a few of the fastest-growing businesses in Nigeria. Consider anyone that seems best for you. Most of these businesses do not need large capital and are easy to start. Location and target audience are important things to think about before deciding which business to venture into.

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