Best Untapped Business Ideas and Opportunities in Nigeria 2021 Update : Current School News

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Best Untapped Business Ideas and Opportunities in Nigeria 2021 Update

Filed in Articles by on May 6, 2021

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Would you like to learn about untapped business in Nigeria? The current generation of business owners and entrepreneurs in Nigeria is largely focusing on segments that have already been discovered and now overcrowded? The untapped Business in Nigeria is just too many and entrepreneurs need to take advantage of it.

In this article, we have provided for you all the top untapped Businesses in Nigeria.

Best Untapped Business Ideas and Opportunities in Nigeria 2021 Update

Untapped Business

Now you will ask yourself, what exactly is the untapped business idea in Nigeria? Untapped business ideas are those business ideas that nobody considers as a profitable business to venture into. They most times might be seen as hard to start and might need a high capital to start up.

Here in Nigeria, there are lots of business ideas that are left untouched where they are. Lots of thriving business ideas which one can choose from to start at the moment.

The popular business ideas which we all know have been flooded with people in it, despite the flooded people in it, yet the business is still booming.

One of the issues could be that everyone dreams of starting their own business and becoming a millionaire or a billionaire.

In a very competitive market like Nigeria, most people remain confused about what business idea to start for maximum profit with less competition.

Things to Note:

There are some things you should be sure of seeing in an untapped business.

  • Few people in the business
  • Slow but steady sales or profits on business
  • Zero competition
  • Probability to be the best in the business

These are things to expect if you are going into an untapped business idea.

What you will need in an Untapped Business

Also for you to bring out the best in your business there are some qualities you have to possess to be able to make it good out of this business.

1. Passion

Developing passion for your business is what will act as a fuel to strengthen you in times when you face low sales and no sales or low patronage.

If you do not have a passion for the business, then it is better you do not go into the business at all.

2. Skill Acquisition

Having the right skills in the line of your business will also prove to help you carry on, it will also give you the chance to improve on those skills.

For example, you love tech and you have tech skills, go for a tech-related business. Doing this will help you direct your energy and passion in the right place.

3. Plan for your Business

It is important to have a detailed plan for your business so you do not step off track in the course of business. Most times when you are facing high returns, you may tend to just spend extra in purchasing extra materials or expansion. Your plan should have room for Plan B in case of a necessity.

4. Good Financial Capability

Do not go for a business that will dry your pocket up while you are still trying to stand in your business. Always plan financially as your pocket can carry you.

Business grows by stages, you cannot start a business and not face a challenge in your business, so be ready for financial challenges, cause they are the worst type of challenges in a business which can lead one to frustration.

Top Untapped Business in Nigeria

After all said and done, let us look at the top untapped business ideas in Nigeria;

1. Snail Farming

Many people are ignorant about snail farming, people think because its little nature means it cannot bring forth good money.

Little do they know that snails do not cost much to the rear and if you start with 50snails, you can get a lot of money when they mature by selling to hotels or eateries that have snails included on their menu.

 

Here is the tricky part, A snail lays up to 500 eggs if you start with 50 snails, and they give you 400 snails each when they mature, you will sell 20,000 snails.

Now selling 20,000 snails for maybe a minimum of 50naira each to buyers, you will make 1,000,000naira after selling all. This is for something that will not cost you more than 100,000naira to train and feed.

2. Rice Farming

People still look down on what we have in abundance within us. Ebonyi state and Kebbi states are top producers of rice in Nigeria, yet we still import rice.

Anyone can decide to take up the business, buying the processed rice from rice mills in either Ebonyi or Kebbi state and package it with your own attractive packaging and sell to people. You could even export it.

 

3. Mobile Fruit Juice Production

People do not know that making fruit juice just got easier and better. Without much chemicals and additives, you can make your own fruit juice naturally, and make your business mobile.

Mobile Fruit Juice Production

People will patronize you. Even if you do not want to make it mobile or natural juice, just go into fruit juice production, instead of leaving it to the few big names to occupy the market alone, you too can strive for space.

4. Cleaning Services

Doing a cleaning job is another trending business especially in Lagos and Abuja. It is not populated; you can venture into the business and make your way in it.

5. Garri Production

People have forgotten that this is one business that does not need any advertising to sell. People eat Eba every day at homes, eateries, and restaurants.

So going the extra mile in giving garri a prestigious business face will make it look outstanding. Just like D’banj’s Koko Garri.

6. Mobile Car Wash

Many people have not known about this new style of a car wash, as you can take your business anywhere you want it and wash the cars of your customers.

All you need is to get the car wash vehicle which has all the necessary equipment for the washing of a car.

7. Online Advertisement Agency

One of the best ways to go about an advertisement is to do it online, as almost 80% of Nigerians use social media every day.

So anybody who can take up the challenge of starting up an online agency is sure to gain a lot of business customers. You have to be creative in your thinking to survive in this business.

8. Event Planning Company

Events need a lot of planning in order to be successful. Event planners are limited to a few numbers of individuals. If you can get together a team that is dedicated to the planning of events, you are sure to build a company from scratch to be a big business

9. Home Tutoring

If you consider offering your services to various homes which need extra tutor classes for their kids. You can get paid handsomely well if you are good at what you teach and if they notice positive changes in their kid’s performance, you can have a raise in payment.

10. Pet Breeding

The best pet anyone can have is a dog, and people love to get new puppies and raise them till they are grown, while you can start with a few mature dogs, train them and when they mate and give birth, you can sell the puppies.

In highbrow areas, a Rottweiler puppy costs about 250,000. Imagine having about 6 puppies, which will give you about a 1.5million naira on the sale of the puppies.

Pet Breeding

There are countless other business ideas in Nigeria, but the above are some of the best. There’s no excuse to start earning today, but make sure you make research on whatever you finally decide on what to do.

Hence, take advantage of this information

There is countless other untapped business in Nigeria but the above are some of the best. There’s no excuse to start earning today. Take advantage of this information

What’s your take on this? We believe this article was helpful, if yes, don’t hesitate to share this information with your friends on Facebook, Twitter, Whatsapp, and Google plus.

CSN Team.

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