So many people in Nigeria who have earned a living already are now looking out to make more money for many reasons likes chasing huge bills coming up every months, upgrade their standard of living and also maximizing their bank account balance.
Why Nigerians Need 100,000 Naira Daily Income Business Idea
Nigeria is country that hardworking people can hustle ₦2K to ₦5K or ₦20K in a day but still it might not be enough for them because of the loads of responsibilities they are carrying on their head which makes them think of expanding their profit margin to bigger income and the good news is that there are several legit businesses you can start that can bring in up to ₦100,000 daily if you can run it or manage them well.
These business ideas already working for many people in the country with proofs I have gotten from legitimate operators of the businesses, for this post, I will guide you on well researched and confirmed top businesses you can start today and make hundred thousand naira everyday with the steps to start properly, profit you should expect and how to make it work consistently for you.
Top Businesses You Can Start and Make ₦100k Daily in Nigeria
I will suggest 6 solid business idea you can begin to start your ₦100,000 target daily income.
1. Poultry Business
One of the businesses you can start that could generate daily income of up to one hundred thousand naira is poultry. Nigerians usually eat meat everyday: Chicken and eggs are needed a lot, so if you get day old chickens raise them to grow and mature people will come and buy it for meat (this one is called Broilers, also if you want those hens to keep them to lay eggs it’s known as Layers, both are very lucrative busines, you can start small from your house or rent a space for it, buy new born chicks at low price, buy livestock feed, and some medicine, grow and nurture them gently till they turn big and you sell them out. From my experience it normally takes 3 weeks to 2 months they are grown so you do not wait too long to make your daily income.
Start Up cost for Poultry Business: is around ₦150,000 to ₦700K or ₦1million naira, depending on the size you want to start with, For example: if you already have a place, 150 can do it , you only need to buy new-baby chicken and go straight to grow them… But if you have to rent poultry farm, your overall expenses to startup can reach 700 to 1m or above (if you are opening very Large setup).
Estimated Daily Profit: ₦70,000 – ₦150,000 [if they mature enough to be sold].
Where To Get Customers:
- Market women
- restaurants
- Hotels
- sit outs
- family and friends
2. Car Reselling Business
Another top business idea and bring ₦100K in a day is reselling of cars. this is something your friends or colleagues may be doing as side hustle but they won’t tell you, you might even see them posting cars on their status, that’s it, they do not even own the car stand themselves , what they do is to reach out to the owner of those cars, ask for pictures ,price and last offer, come to their Facebook timeline or Whatsapp status and post it, add their gain, when they successfully have someone to buy the car, money na water!.
Look at this screenshot to understand what I mean.
Let’s assume “N300,000” is the profit of this reseller in this case study, he will negotiate with the car company or main car owner and have agreement that when he sent someone to come and pick up the car, he should be credited and it is simple as that. So you must not buy down cars or own auto-mobile-company, you can start this business using your android phone and still make reasonable income.
Start Up cost for Car Resell Business: is ₦0 to ₦50K or less. This is something u can start with zero naira, Since you already have phone what remains to do is buying data bundles so you can connect internet, post it on Facebook, Whatsapp, Instagram and Tiktok and put “care for sale”, link up with rich people that are in need for car and start selling.
3. Food Business
Food selling is one of the fast profitable business idea that can make you 100k daily in Nigeria. the secret in this particular business is to first know how to cook sweet food because people eat everyday and food is a daily necessity in the world, so if you can make descent meal trust me Nigerian are surely gonna patronize you, now understand that you are not the only person selling food, in your area alone numbers of restaurants or mama put fit reach 5 to 10 stand which makes it a high competition business, so the strategy you will use that could enable u see up to hundred thousand naira income a day is to first open a classy food is ready spot and also post it online to reach more audience, Do not limited the business to only your environment, when someone order for it, give dispatch Riders to deliver to the customer.
If you sell 1 portion of rice or a plate of soup with fufu or garri for ₦2,500 each, then you need just 40 customers a day to reach ur target amount which is ₦100K. The profile estimate you can see daily from food-biz is from ₦20K (small business) to ₦170K (big type).
Start Up cost for Food Business: ₦80,000 – ₦400,000 depends on the size and how big you want it be.
4. Rentals Business
you can start renting canopy and chairs business in Nigeria and still make 100K in a day, the key strategy to meet up in this business is to buy and stock as many canopies and chairs as your budget can carry. In Nigeria, event like birthday, burial, wedding, graduation (school party), vigils and all mannars of ceremonies is happening day by day, so the more of this things you have the bigger your profit margin, if you give you canopies at the rate of 15k or 20K each, doing that for 5 people or 7 people a day is going to possibly earn you 100,000 naira.
Profit you can see daily on estimate is around ₦50k to ₦120k.
Startup cost for Rental business: ₦250,000 – ₦800,000 considering the size and ur budget.
5. Household Items Business
Sales of useful household items like Pots, Spoons, Bucket, Fridge, Generator , Air condition (AC) and others is a nice daily paying business you can start in Nigeria. The Key method about this business is having where you can buy them cheap and resell at higher rate, you must not even buy with your money, sometimes go and meet the big vendors dealing with house hold appliances or items, ask them for prices of each stuff and take pictures of the item, add your profit to the original price and post on Facebook marketplace, to reach a target of ₦100k you should be able to sell at least 5 to 10 items. For example: if the main vendor is selling AC for 300K, you can repost for 320K and get 5 people to buy 5-Ac that day or if you resell it for 350K it’s just 2 people you need to earn ₦100,000.
Profit estimation: if you have your own place or own the business you can be making income of about 150K to 300k a day, but for reselling 30k to 120k is sure.
Startup Cost for Household Items Business: ₦0 to 20k for resellers ( because you just need money to buy Data and source for vendors to screenshot items and repost) but if you want to own the business yourself, ₦400K to ₦1.5million since you may need a shop and money to buy down those items.
5. Online Coaching Business
Teaching others what you know is a very smart business you can start and make 100K daily in Nigeria, especially now that that digital platforms is monetizable and besides a lot of Nigerians are online searching for how to do a thing. The key idea to earn good in this field is to first of all be a professional in a field, for instance, if you have “proven ways to do forex without loosing money” People will contact you and ask to learn the skill, you can charge #20k each to teach just 5 people and pull in #100k daily income. Besides that, you can create YouTube channel, Facebook, Tiktok and Instagram and Monetized the platforms so that when you drop videos and get paid from the views.
Profit estimated: ₦20k to ₦120K
Startup Cost for Coaching Business: ₦50K to ₦200K (to buy wireless microphone that you will be using in tutorial session and a smartphone) laptop is not a must, but if you have money you can still get one.
Conclusion
There are so many business models you can try in order to make thousands of naira in Nigeria, you just have to choose the real one that match your vision and stay actively consistent, because doing it for a long time also matters in aspect of visibility, you can’t just open a bar today and expect 500 customers to come and buy same day of launching the business, patience and close checking and observation for the business is also important. So now that I have listed all top businesses you can start and make ₦100,000 naira a day in Nigeria, go ahead and select the best you can do and Start your journey to financial freedom, say goodbye to poverty!.