8 Daily Income Businesses in Nigeria & Starting Costs (2024)

Are you tired of the conventional 9 to 5 grind and longing for a way to earn daily income in Nigeria? Look no further! We’ve compiled a list of profitable business ideas that can fill your pockets every single day, and you don’t need a hefty capital to get started. Let’s dive in!

1. Barbing Saloon

   • Ever considered becoming a barber? It’s a lucrative venture in Nigeria, with the potential to earn up to N3,000 daily just by attending to six clients. All you need is a good location, basic equipment like clippers, and a knack for hair grooming.

2. Laundry and Dry Cleaning Services

   • If you’re looking for a business that doesn’t require much initial investment, consider starting a laundry and dry cleaning service. With as little as N100,000, you can set up shop and start earning daily, especially on weekends.

3. Betting Shop

   • Gambling is a big deal in Nigeria, and opening a betting shop can be a profitable venture. By becoming a betting agent for popular platforms like Nairabet or Bet9ja, you can start earning daily income. The initial setup may cost between N500,000 to N1,000,000.

4. POS Payments Service

   • Setting up a POS payment service, especially near schools where students need banking services, can ensure daily income. While the initial setup requires meeting certain bank requirements and financial investments, the returns are worth it.

5. Makeup Studio

   • Are you skilled in makeup application? Starting a makeup studio, either from home or a dedicated space, can fetch you daily income. With as little as N10,000, you can kickstart this business and expand gradually as you earn more.

6. Freelance Writing

   • If you have a knack for writing, freelancing can be a lucrative daily income source. Platforms like Fiverr and Upwork connect writers with clients, offering opportunities to earn anywhere from $50 to $2,000 per project.

7. Social Media Marketing Agency

   • Social media marketing is booming in Nigeria, and you can tap into this trend by starting your own agency. With experience gained from freelance platforms, you can attract bigger clients and earn daily through managing their social media accounts.

8. Food Vendor (Mama Put)

   • The restaurant business, particularly the local “Mama Put” setup, is a profitable venture that guarantees daily income. You can start small and expand gradually, with initial setup costs ranging from N50,000 to N300,000.

Conclusion:

With these daily income business ideas, you can break free from the traditional work routine and start earning on your own terms. Whether it’s barbing, laundry services, or freelance writing, there’s a business idea for everyone. Start small, scale gradually, and watch your daily income grow!

FAQs:

1. Do I need prior experience to start these businesses?

   • While prior experience can be helpful, many of these businesses can be started with minimal experience and learning on the job.

2. How much initial capital do I need?

   • The initial capital varies depending on the business, but most can be started with as little as N10,000 to N300,000.

3. Are these businesses sustainable in the long run?

   • With proper planning, dedication, and quality service, these businesses can be sustainable and even scalable in the long run.