Why consider home business ideas? Simply put, unemployment in the country is no news. We are to reach a 33.5% unemployment by the end of the year, a projection that might increase as a result of the global pandemic COVID19.
As a direct result of COVID-19, more people have had to lose their jobs. The lucky ones have had to work from home with only essential workers allowed to go out. The world is seeing a change in the way we conduct business operations and life in, General. Even with an abundance of investment opportunities in Nigeria (for those that have what to invest), you still need to keep busy and have the money coming in.
Home Business Ideas To Try Out
This article covers 10 home-based business ideas that you can try out. Some are relatively easy to set up, while some might take more time. However, all of these are viable ways to earn a living or at the very least augment your primary source of income.
Online Business Ideas
1) Graphic Design
Graphic designers are always in demand. Businesses and organisations still need graphic designers to help convey information visually, and they pay good money. It is a relatively easy skill to learn (via Youtube and other platforms), and with some practice, you too can charge individuals and businesses for your design services.
2) Video Editing
Video content is gold these days, and a lot of work goes into preparing those one-minute videos you see. You can make some serious cash by helping companies and individuals edit their raw video footage. If you’re creative and have a passion for storytelling, this is a skill you should learn.
3) Social Media Management
Lots of brands on social media are seeking to engage an insatiable audience with content. If you know how to come up with fun and engaging content, now is the time to shine. You can help brands interact and engage with their audience online. It is a skill in very high demand.
4) Product Reviews
A lot of people love watching videos on an item they are thinking of purchasing. They want to know what another person feels about these products. Being a successful Product Reviewer can get you good cash from companies who would want you to review or promote their products. The business also comes with a lot of free times.
5) Social Media Comedy Skits
Nigerians love a good laugh to ease of the daily pressures they face in these climes. If cracking people up is your forte, then go for it. Start by creating an Instagram profile and uploading your funny skits. Once you begin growing your following, brands will reach out to you to sell their products through your creative skits.
Offline Business Ideas
If doing business online is not your thing, we suggest going through some of these offline business ideas. These are other creative ideas you can explore.
1) Laundry Service
Everyone needs to wash their clothes, but almost no one enjoys it or has the time for it. Well, time is money, and you could make a decent sum by helping people with their laundry. All you need are some bowls and soap! Definitely a way to make quick cash in Nigeria.
Sewing requires a bit of skill, but it is a great way to make money from home. As at this very moment, lots of people are cashing out by sewing Ankara face masks. Some are sold for as much as a thousand naira.
3) Food Business
Everyone has to eat at least once a day for various reason. From the need to satisfy their craving for a particular meal to not having enough time to cook their meals. Starting a neighbourhood food vendor business may be the way to go. Take it up a notch by making special meals at a customer’s request. You can also add a delivery service to your setup.
Just make sure you maintain good hygiene practices, especially in these times.
4) Soap Production
There are several tutorials to learn the art of soap production from your home. The demand is very high because people will always look after their hygiene. You have to decide whether you want to make soap for bathing or washing. You could choose to do both options. One more important thing, you have to identify people that would patronize your hustle.
As the business grows, you would need to get a name registered. You can refer to this post to learn more on how to register a business name in Nigeria.
5) Snail farming
Snail farming is a successful business to start. Its popularity is due to its relatively cheap startup cost. You just have to market your business right, and you will achieve success. Tons of Nigerians have set up this business in their backyard. Nothing stops you from doing the same thing. But one thing you need to have is patience. Snails take about a year to mature.
These are a few businesses you could start right now from the comfort of your home, and with less than 100,000 naira as capital. Another business idea worthy of mention here is the mini importation business.
None of these is exactly new or groundbreaking, but the market is in demand for them. There is no better time than now. Start that business TODAY!