12 Profitable Business Ideas For Students in Nigeria – 2018
This article contains information on the twelve major lucrative business ideas students in Nigeria can engage into and make good profit from it.
There are several side business ideas for students to start while in school and make some extra cash.
If you don’t have a good financial background, being a student in Nigeria will be very challenging and most of the time as an undergraduate in a University, Polytechnic or College of Education you get tired of waiting for weekly and monthly allowances from your parents or guardian which are usually not enough to cover up your expenses in school.
Do you need an extra source of income to meet your every day need in school? Well, you are reading the right article.
I will briefly discuss 12 profitable business ideas for students in Nigeria to start while running their full time program.
Why Nigerian Students Should Engage In Business
- It will surely bring in extra cash
- It can birth the platform for the future career path
- It gives you experience
- It makes you to be self reliant
Best Business For Nigerian Students
The following are some business ideas for students in Nigeria that any student can start with little or no capital and make extra cash while in school without having to depend on parents or guardian.
Blogging is one of the business ideas for students to start and make extra income from. Running a blog can be a bit tricky especially when the aim is for it to be profitable but once you have figured out what you are doing, it can be very rewarding.
Before you start your blog it is advisable you choose a niche with high search traffic and one that you are equally passionate about.
It is important you create quality content for your blog because you are not going to make money from it if people don’t read it.
There are several ways to make money from blogging and some of them are Google AdSense, Selling of Ad Space, Consulting, Affiliate marketing, Selling of digital products etc.
2. Graphic Design
In schools different organizations, associations, departments and even the student union organize programs and parties for the students.
After putting these events together, the next thing they do is to create an awareness for the event using publicity materials such as flyers, posters, banners etc.
If you can learn how to be a good graphic designer using software like Photoshop, Illustrator and Corel Draw, you will be able to make some extra cash for your self while you offer graphic design services to those who need them.
If taken seriously this can be your major source of income even after school.
Photography is a lucrative business to start on campus because many students love taking pictures. Even though most of them use smart phones with cameras, professional photography services are still in high demand.
Apart from the passport photographs that students will need for one registration or the other they also need beautiful photos to slay on the various social networking platforms they are on like Facebook, Instagram, Snapchat etc.
Once you can build your credibility as a good photographer you will be called upon to cover major events on campus and some other students can book a session from you to take pictures when celebrating memorable days like birthdays, matriculation, convocation etc.
All you will need is a professional camera to take your pictures with. This can be a great source of income in school.
4. Cake Making
You can’t go wrong learning to bake and decorate cakes of different sizes and shapes. What you will notice when you visit various campuses is that students love to celebrate and cakes are mostly needed for these celebrations.
There are special events on campus you will need to target and some of them are valentine’s day, birthdays, anniversaries, dinners, convocations, matriculation etc.
You don’t even need to rent a space to do this business, even if you stay in the hostel you can easily engage in this business.
If your cakes taste nice and you are able to package it well you can be sure to sell your cakes at a good price and rake in some extra cash occasionally.
5. Hair Styling
Hair making also known as hair styling is also one way you can make extra cash while in school. If you can properly learn how to make and style hair you will not go a week without having money coming in.
The statistics of female students in all campuses is quite high and almost every lady on campus do make their hair frequently.
If you are really good at it, then you are sure you will be making some good money for yourself.
These days men are not the only ones cutting their hair to look good, some ladies are now going on low cut too.
You need to be very creative and know what is in vogue to be able to make it in this business because if you are not trendy students will not patronize you.
Now, you have the male students as your potential customers along with some female students on low cut, delivering a good service to them will grow your business by word of mouth.
For this business you can either own a space or not, having a space can be expensive but you can start small by doing house calls.
7. Selling of Wares
This is another lucrative business you can do on campus, selling both females and males wares will earn you lot of cash particularly ladies ware ranging from under wears to tops, shirts, blouses, trousers, bags, foot wears of any kind.
Most students love to dress well, in fact avoiding too much repetition of a particular cloth is deemed necessary to survive social critics on campuses, meaning if you decide to engage in this business you will be making cool money while you make the students look good.
Everyone knows that in campuses there are so many social events throughout the semesters that students do engage in and for every occasion, there is need for a new apparel, which makes this business quite rewarding.
8. Laundry services
School can be so stressful and demanding, as a result many students do not enjoy thinking about doing their laundry themselves.
Because they consider it to be stressful and time consuming, they wont mind taking their clothes out to laundry stores. As a student interested in making extra cash, this is also one area you can make money while in school.
One good thing about this business is that you get to bill at every stage, you charge for washing and ironing.
Some may just want to wash while others may want their clothes to be ironed since the supply of power may not be stable. It is no doubt lucrative to run a laundry business on campus.
Are you an entertainer or M.C? Can you crack people up? If your answer is yes then you have a talent that will always be needed on campus.
There are a lot of social events in schools and most of them including the religious organizations invite comedians to crack the students up and it’s not for free.
Apart from the fact you get to make money from these events, you make a name for yourself, you become famous! To be candid, this business is one of the most lucrative businesses you can engage in while in school and even make a name for yourself after school.
10. Typing and Printing
Most students dread typing their assignments, proposals, papers and projects by themselves.
The business of typing, printing and photocopying documents is one of the very lucrative business ideas for students in school.
These services go together and will always be in demand in a school environment, you can be sure of making your sales daily.
You can operate this one without the need for a space, all you need is your laptop and printer/photocopier in your room and you are on your way to financial self independence.
11. Sales of Stationery
This whole post will not be complete without mentioning this business, students have need of stationeries such as books, pencils, biros, files, calculators, and so on.
Selling these stationeries is like meeting the primary need of every students. It is lucrative regardless of whether you stay on campus or not and its not so expensive to start this business in school.
Organizing tutorials and training has been one of the proven business ideas for students to start in school. If you are really good at a course or you have some skill like software development.
Then you can think of holding tutorials or training sessions for interested course mates and other students for a fee.
Not every student have high capacity to grab what they are being taught immediately and others might want to learn a skill while in school.
This makes this business very lucrative for students because once services can be rendered in this area it will generate extra cash while you gain mastery in your course or skill.
Starting a small business while in school is a smart idea because this will get you extra income and also lay the foundation for your future career after school.
I hope you were able to get some ideas here that you are going to try out. It is important to note that the ideas shared here are not get rich quick schemes.
You might not get the returns over night but as you keep improving and stay focused, you will definitely achieve success.
You can raise the capital you will need to start your business from family and friends. Before starting your business do your market research properly and it is also important you start small and grow from there.