CoronaVirus has changed the world forever! And the need to start a business at home is increasing daily.
With the world’s economy deteriorating by the day, and the unemployment rate is not getting lower anytime soon. A lot of us find ourselves struggling to get the bills paid due to insufficient funds.
But what if there is a way out? What if I show you how you can start making some money from your home right now?
We all like money no matter how small, or don’t we? We get this rush of dopamine each we receive an alert. Without further ado, let’s get our hands working.
NOTE: These Businesses are either online or offline, so you can start with whichever is most convenient for you.
5 Business Ideas You Can Start at Home
1. Affiliate Marketing
In case you don’t know what affiliate marketing is, it’s one of the top 1% online businesses in the world. Affiliate marketing as a business has breed and currently breeding a lot of millionaires.
And you know what? It’s free to start.
All you need is your regular computer gadget (laptop or smartphone) and the internet connection.
What is affiliate marketing?
Simply put, it’s simply by referring people to use/buy/patronize a service or product and you earn a referral bonus in the process.
Confused? Okay, let me use a clear example.
AMAZON is a big e-commerce company, and they need to extend service across the world but they don’t want to start spending money on building offices in each country, so they use what we called “Affiliate marketing”.
Now the role of an affiliate marketer (YOU) is to be recommending AMAZON products to people (your friends, family and anybody) through your unique “Referral link”.
Once someone purchases anything through your link, AMAZON will pay you a commission to thank you for bringing a customer to them.
Let’s say the commission is 20% (varies) on a $200 product. That means you will be earning $40 on each sale.
Imagine 10 people buy a product through your link in a month, that’s whooping $400.
If you need a business to start at home, affiliate marketing should come handy.
But wait, It’s true to make money through affiliate marketer and you don’t need to register with money or tender your degree, but you need to master how it works thoroughly.
I have some blog posts to help you become a successful affiliate marketer even if you’re a beginner.
- How to Build a Successful Affiliate Marketing Business
- Top Affiliate Marketing Programs You Can Join (NIGERIA)
Now, let’s go to the next one.
2. Making Chops
This is the most underrated business to start at home in Nigeria.
Regardless of your view about chops business, I want to tell you that there’s money in this business. I’m sure of this, because I sold these chops when I was a kid. I remember how much I make per day and the profit made per day.
For instance, we can buy Flour: N1,000 – Yeast & Baking powder: N300 – Vegetable oil: N1,200 – Sugar: N500 and Nylon or Paper: N300.
That is approximately N2,500.
If you make BUNS and Puff-puff with flour worth N1,000 and you sell everything, you will be making about N10,000 per day. If you deduct the expenses, that’s N7,500 as profit.
Then let say you’re making at least N4,000 as profit consistently each day, that’s N120,000 per month. That’s 4 months of Nigerian average wage!
Wait, this is not flattering. I’m telling you that this is a real business you can start at home in Nigeria. But because of “what people will say”, it’s underrated and most people think it’s a business for the poor.
But ask me, why is this chops making business that lucrative?
Well, we all want to satisfy our cravings for food. It’s basically one of life’s necessities aside from oxygen. And you know what, the stomach rarely gets tired of taking food in. We all eat for many reasons. One of which is to survive – which is the most important. Also, to give us the energy we need to carry out daily tasks.
As an entrepreneur in the making, the surefire way to make money is by solving problems. Now we’ve identified an everlasting problem because it’s pretty obvious that as long as humans exist, they’ll have to take some form of food.
This makes chops making a very viable business idea. A business that isn’t capital intensive. And a business that doesn’t go out of fashion.
The good part?
Chops making business is multifaceted. You can start at home with small chops and snacks, drinks and beverages, or you could make it a full-fledged dish, or have a combo or all. It all depends on the capital you’ve got and what you feel is more viable in your vicinity.
In case you have some money as a capital to start a business, you can think of starting your own restaurant business. But how again(🤔)?
I got you 😉
Read this: How to Start a Restaurant Business in Nigeria.
But hey, before starting this biz, it’s pertinent you know how to cook. If you’ve not yet attained that much-desired chef title, you can check out YouTube for some recipes.
3. Laundry and Dry Cleaning
Laundry and dry cleaning is another wonderful business you can start at home. With the whole hustle and bustle, the whole industrial lifestyle, and the 9 – 5ers not getting enough time for themselves, someone has to take care of their laundry needs.
Having this in mind, you can start up this business right from home and start getting some residual income. Heck, some people have made a good amount of money and changed their lives for the better from the laundry business.
Thing is, you don’t need much to start up this business. Just a functioning pressing iron, some items like buckets for washing, a good source of water supply, and if possible, a good washing machine. You can start by getting clothes from those around you.
But before you go on to start taking orders, be sure you’ve learnt how to wash and iron. No, I’m not saying you don’t know how to do these things. But certain fabrics require some set of skills to remove those stains.
A good example will be dress suits. You don’t handle the washing and ironing the way you’ll do to a dress shirt.
So it’s important to arm yourself with these skills before getting started. You don’t want to ruin someone’s expensive clothing, and in the process lose a potentially valuable customer.
You don’t know how to start?
I have that covered already.
4. Beauty, Cosmetics or Make-up Business
You can start this business in two parts: Either you sell make-up products or you render it as service.
Okay, let’s talk about its viability.
Despite the hustle and bustle and all the work that makes it seem as though people don’t have time for themselves, we still find a way to look good, smell good, and feel good.
People will always find a way to look their best self either for work, school, or any special occasion. We all do this.
Now, here’s where you come in.
There are lots of cosmetic items to get to make money from, and it applies to both genders, young or old. And that’s the sweet thing about cosmetics – people just want to appear physically better.
So, what are the best cosmetic items you should be focusing on? We’ve got perfumes, they come in different types: oil perfumes, deodorant, body spray, and roll-on. We’ve also got soaps, make-up kits, body creams and lotions, moisturizers, and more.
Okay, you might be thinking? But this is going to be capital intensive. Nope, absolutely not. It all depends on how you get started.
As a pro tip – even though this isn’t my field of expertise – it’s much better if you start up with one cosmetic product.
Tunnel vision is important especially if you’re just starting a new business. Get a product, focus on that product entirely, get better at it, and then expand when you’ve made some headway.
It’s hard to keep up with many products when starting, and I’m sure as hell you don’t want that.
If you are good at doing make-up for people, start it professionally dear. Don’t think it doesn’t worth your time.
Another tip: you can join a legit network marketing company that manufactures beauty products such as ORIFLAME and you help them sell in order to make profit (Although you will need to sign up with a token)
In case you’re interested in that, check here for some of these network marketing companies.
5. Fashion Design (and Tailoring)
Okey-dokey! Still on the topic of looking good, this is another good business to start at home and money. Yes, you heard me right and I’m here to show you how (in case you don’t know).
Personally, I hate to admit that “tailoring” is a profitable business these days because it’s like the privilege is misused. Lot of them, you can find 10 different tailor’s shops in a small street.
But what if you think of a modern way of fashion designing instead of those over-crowded traditional tailors?
Just like every other business idea listed above, there seems to be an unending need for clothes – from suits to cooperate wears and down to the cultural attires. We always need clothing and that puts you — yes you — in the picture.
Being able to fabricate good-looking fashion items will make you some money right now from home. If you’re not already proficient in this skill, then you may experience some difficulty convincing customers for the first time.
But as the saying goes: “there’s always a first time!” And this is when digital technology comes to the rescue. If you’ve not designed any fabric before, there are lots of places to acquire this skill.
After grasping this, go ahead and start making clothes for yourself, take pictures of the clothing, and leave them on your timeline.
No one hates beauty, we are all attracted to beautiful items — even though beauty can be relative. With time, if your fabrics look amazing, you should start getting orders. Because, we all want to, and always try to look good.
The big deal, you can start a fashion blog.
You say what?
Yes, fashion blogging is hot cake these days and there are ways you can make money from. I don’t want to stress this further but below is a blog post to guide you through:
Let’s go to the next.
Saving the best for the… Not really but dropshipping is a pretty sweet business model that could give you some extra money or a full income source. Dropshipping will require some technical abilities but I’ll try to simplify things for you. 😉
Dropshipping is among the top 10 hottest online businesses you can start at home and make a lot of money.
So, in case you’ve not heard, dropshipping lets you own and run your online store right from the comfort of your home. You don’t need a physical store, or a warehouse, or inventory, it’s purely virtual. But you make real money, not virtual money.
For starters, you’ll be needing a laptop or a good smartphone. This means you’ll be needing a good and constant source of internet supply.
Next, you’ll be needing a good web hosting provider since your store will be hosted online. Be sure to get a good-looking theme for your site, be it WordPress, WooCommerce, or Shopify.
Just like a conventional store, profits across various products vary. Some products tend to be more profitable than others and you’re in this to acquire as much profit as possible.
Ooops! Starting a dropshipping business is not as easy as that, but as always, I GOT IT COVERED!
Check the blog post recommendations below;
- How to Create an Online Store in Nigeria: Guide to Launch Your Own Shopping Site
- How to Start a Dropshipping Business in Nigeria
- Top 5 E-Commerce Platforms to Start Dropshipping Business in Nigeria
This should have been number 1 on this list, but well, “we move” 😊
Everybody is getting into freelancing these days because as I said earlier, CoronaVirus has changed the world and that makes business owners hire freelancers instead of risking the chance of contracting the virus.
Freelancing is a lucrative business to start at home and make millions in your local currency. I’m sure of this because I sometimes freelance when the chances open.
But you will need to have a skill you can render, either web design, graphic design etc.
If you have a skill, then you can join freelancing platforms like FIVERR, Upwork etc., and start working from home.
In case you don’t have any skill, check my recent blog posts on 18 digital skills you should learn in 2021 or watch the video below the conclusion.
ALSO, check on the following recommendations in order to become a successful freelancer.
CONCLUSION: Start a Business at Home Now, Don’t Be Idled!
In case you’re reading this, that means you have read or skimmed through over 2,000 words and that’s just amazing. It shows that you’re earnest in starting a business at home.
Okay, there you go!
These are some of the best businesses you can start from home in Nigeria. And kindly be aware that these business ideas are 100% practicable and you can make money from them.
I’ve personally engaged in some of them and I know some people who are doing some. SO, if there’s no potential in them, I wouldn’t dare to list them here.
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Let’s know which of them you’ll be trying out in the comments. For now, stay safe and don’t forget to share this blog post with someone.
THE VIDEO: 18 Skills You Should Learn in 2021
Start a Business at Home: 5 Practical Business Ideas appear on GbolaMedia first.