Business Ideas

List of lucrative small business ideas you can embark on this year part two


In the last article, some business ideal has been discussed, click here to read

Sew Specialized Uniforms or Special Items

In Nigeria, the demand for specialized uniforms is immense, particularly in Lagos. With over 500 schools and businesses requiring these uniforms, as well as military and paramilitary groups, there is a substantial market for sewing such specialized garments. Engaging in this line of work will undoubtedly keep you occupied for a considerable period of time. Get your hands on custom-made uniforms or special items at Sew Specialized! We cater to all your unique needs and provide top-notch craftsmanship. Let us help you stand out from the crowd with our one-of-a-kind creations.

A Private Chef

If you enjoy cooking and frequently host tasty dinner parties for your loved ones, you might consider starting a personal chef business. Begin by preparing meals for your neighbors’ dinner parties and gradually offer downloadable menus and customized multicourse meal plans. Focusing on a particular cuisine or cooking style, like vegetarian dishes or Chinese cuisine, can help establish your reputation.

Professional Makeup Stylist

If you’re passionate about makeup and enjoy enhancing others’ beauty, starting a makeup artist business might be the perfect fit for you. You can provide your services for weddings, photoshoots, or special events and choose whether to work locally or travel to expand your clientele. In addition to promoting your services on local Facebook groups, consider creating a website and distributing flyers to help people learn more about the services you offer.

Sell Your Photography

Are you passionate about photography? Transform your hobby into a thriving online photography business. Nowadays, you have various options beyond offering services for weddings and corporate ad campaigns. You can effortlessly establish an online store to sell prints, posters, NFTs, and other products. Alternatively, you can sell your photos on stock photography websites.


Start by conducting photo shoots for your family and friends. As you build a body of work, ask for referrals and reviews. Photography businesses often grow by word of mouth, so create a Facebook page where you can tag recent clients. Photos where you tag those clients will show up in their friends’ newsfeeds, where they can view your work. You can also ask them to leave reviews on your Facebook business page.

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Like with a video production small business, you’ll want to specialize. Will you do product shoots or portraits? How about wedding or fashion photo shoots? Once you specialize, you’ll be able to create a body of work that most accurately represents your strengths.

There are no educational or licensure requirements for starting a small photography business, but we recommend investing in a few photography courses, especially if you haven’t used your camera in a while. Some courses you might start with include:

Cornell’s Digital Photography Certificate Program
New York Institute of Photography’s Course
From there, seek courses that help you build skills in your chosen specialty.

If you’re not sure where to start with freelance photography, take a look at Erica Clayton’s journey into the business below. Her advice? Give yourself a firm deadline to turn a profit.

If you’re not sure where to start with freelance photography, take a look at Erica Clayton’s journey into the business below. Her advice? Give yourself a firm deadline to turn a profit.

Bodywork specialist / Massage practitioner

A bodywork specialist is a professional who specializes in various manual techniques to address physical discomfort, improve mobility, and promote overall well-being. They typically work with clients who are experiencing musculoskeletal issues, chronic pain, stress, or tension. Bodywork specialists may use a variety of techniques such as massage therapy, chiropractic adjustments, acupuncture, reflexology, craniosacral therapy, or energy work like Reiki.

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Their goal is to help clients alleviate pain, release tension, improve circulation, enhance relaxation, and restore balance to the body’s systems. Bodywork specialists often tailor their techniques to the individual needs and preferences of each client, and they may work in various settings including spas, wellness centers, clinics, or private practice. They may also collaborate with other healthcare professionals to provide comprehensive care for their clients.

 Ice block production business

Starting an ice block production business in Nigeria can be a profitable venture, especially in hot regions where there is a high demand for ice to cool drinks, preserve perishable foods, and for other purposes. Here are the steps to follow in order to establish an ice block production business in Nigeria:

  1. Market Research: Conduct thorough market research to understand the demand for ice blocks in your target area. Identify potential customers such as retailers, event planners, restaurants, bars, and individuals who regularly need ice.
  2. Business Plan: Create a comprehensive business plan that outlines your business objectives, target market, competition analysis, marketing strategies, operational plan, financial projections, and startup costs.
  3. Location: Choose a suitable location for your ice block production facility. Consider factors such as accessibility, proximity to your target market, availability of clean water, and reliable electricity supply.
  4. Equipment Acquisition: Purchase or lease the necessary equipment for ice block production, including ice block machines, generators (to deal with power outages), water storage tanks, ice molds, packaging materials, and transportation vehicles.
  5. Registration and Permits: Register your business with the appropriate authorities and obtain the necessary permits and licenses to operate an ice block production business in Nigeria. This may include business registration with the Corporate Affairs Commission (CAC), obtaining a trade license, and meeting health and safety standards.
  6. Raw Materials: Source high-quality water for ice production. Ensure that the water meets safety standards and is free from contaminants. Consider investing in a water treatment system if needed.
  7. Production Process: Set up your production process in compliance with hygiene standards. Regularly clean and sanitize your equipment to prevent contamination. Follow the manufacturer’s guidelines for operating the ice block machines efficiently.
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 Event planning and Decoration

If you have excellent organizational and interpersonal skills, starting an event planning business is a great choice. It’s a relatively inexpensive venture. You can specialize in specific types of events or be a versatile event planner.

The good news is that event planners are always in demand. This small business idea is not easily replaceable by automation, so it has a promising future. To get started, you can use platforms like Eventective and WeddingWire to advertise your services.

 Offer Laundry services

Venturing into the laundry business can prove to be a rewarding opportunity, offering a stable income and lower risk of failure compared to other business models. Prior to commencing your own laundry business, it is crucial to understand the various types of laundry services and the essential steps required to enter this field. If you have aspirations of becoming an entrepreneur, familiarizing yourself with the operations of a laundry business will help you determine if it is a worthwhile option for your venture.

Real Estate

Investing in property can be a lucrative venture in Nigeria, particularly in Lagos. Although it demands a higher initial investment compared to other business ideas, the potential returns are significant, ranging from 100% to 200% profit when selling the property. Additionally, leasing office buildings or homes can provide a reliable monthly passive income stream.

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