So you have a great business idea and are looking to bring it to fruition but you do not have a good name yet because to come up with a great name of business is no mean feat. The name of business you choose can go a long way in boosting your confidence and brand image, not to mention attract people to your business. It is therefore very important you pay the necessary attention to it.
In this article, using a five-step approach, we will be discussing how to come up with the best business names.
Know Your Customers
Before coming up with a name of business, it goes without saying, that you must know your customers otherwise you will be unable to generate a name that appeals to them. The key to knowing your target customers is observation and research. Research your product or service and the kinds of people who are likely to patronise it.
It is also important to know consumer buying patterns so as to better position your business. By knowing the reason why they buying certain products or patronise certain services, you can make your brand more attractive.
Define the Scope of Your Business
This involves clearly stating all the areas your business will touch. Say you want to start a catering business; you must clearly state if you’ll be providing an outdoor, indoor or specialised catering service. If you decide on only catering outdoor events, you need to also make a distinction on the kinds of outdoor events you are going to render service to. This will further help ensure the name of business you pick is suitable to the type of business you do.
Come Up with Name Ideas
In coming up with name ideas, do not be afraid to experiment. Do not set out with a particular name in mind. You can use the following tips to create the best names of business.
Use Your Name
When deciding on the best name of business, many people find the perfect one in their own name. It might be a misspelling of your given name or in combination with some other word, just ensure that it is attractive and easy on the tongue. Adidas and Toyota, for example, are variations of their founders’ names.
Use Foreign Words
If you are in a place where the lingua franca is English, for example, you can generate the name of your business from foreign languages like French, Russian and Italian. You can also translate symbolic English words to other languages so as to make your name of business different. Nivea, Lego, Volvo and Haagen-Dazs are examples of names that where got from foreign languages
HMD Global, DE SPAR, CNN and BBC are examples of companies that use acronyms as their business names. You can shorten a long name idea to a better-sounding acronym. Acronyms can help an otherwise forgettable name remain in the minds of customers.
Mix Words Up
In other to come up with the perfect name for your business, you can mix things up; take a word from one language and add it to another from a different language. The people who came up with the name Verizon did exactly this. They mixed the Latin word for truth – Veritas and the English word, horizon.
Get Names from Myth and Legends
You can select names from African, Asian or European myth and legends that symbolise the vision or essence of your company. Nike, for example, is the name of the ancient Greek goddess of victory. Pandora and Venus are other examples.
Let It Describe
Your name can be a description of what your brand does. Business Yield, for example, is aimed at helping people yield the best results in their business endeavours, hence the name.
Abbreviating your brand ideology or some other aspect of your business you can put into words is also a good way to come up with a fantastic name of business. Durex, for instance, is short for durable reliable excellence and Nikon is short for Nippon Kogaku.
Use the Dictionary
It was from a dictionary that the famous brand name Reebok came. The company, which was formerly known as J. W. Foster and Sons, was renamed after the founder’s grandson discovered the name for an antelope in a South African dictionary.
Tell a Story
Your business name can tell a story. Pepsi, for example, was named as such because its inventor believed the drink aided digestion like Pepsin, the protease in the stomach which helps to break down protein.
Virgin Atlantic, the British Airline company, has a name that would ordinarily not be thought of as the name of an airline or any other brand for that matter but the name creators took the unconventional approach. No-Ad, a skincare company, and FCUK, a perfume company, are other great examples.
Try It on a Few People
Do not use a business name until you are sure it is appealing and memorable to potential customers. You can carry out polls target at families, friends and acquaintances on Twitter and Facebook with a shortlist of your best ideas and see what they think. Online poll tools can also be made use of.
You should also have one on one interview with select individuals. When carrying out such interviews, pay attention to people’s initial reaction, not just what they say about it.
Ensure It Is Available
After choosing your brand name, you must ensure it is not being used by anyone else. The first step to doing this is to search your chosen name on a search engine to check if any other brand is using it online. You can also check on popular social media platforms like Facebook, Twitter and Instagram.
After checking online, ensure you have your company registered with the Corporate Affairs Commission or other relevant authorities in your country. As part of the registering process, the Commission will ensure that your proposed name has not already been registered by another company and in the event that it has, will notify you.
Even with this approach, you may still not be able to come up with a great name for your business. If that is the case, you should try a good business/brand name generator tool. Name generators litter the cyberspace but only a few a worth your time.
Business Yield Name Generator stands out because it takes the time to carefully consider your answers and conduct research to come up with the most suitable business name for you. With just a small fee, you get a list of great names tailored to your business sent to your email.
Perhaps you are still in the process of finding a good business idea but do not seem to be making headway. Business Yield Idea Generator is just perfect for you.
What makes Business Yield Idea Generator the best you can find is that it is purely done by humans, not a set of algorithms or Artificial Intelligence. Humans gather data and do a quick but detailed research based on the information you provide. It is simple to use; all that is required are your answers to a set of quick questions and the perfect business ideas will be sent to your email in less than 24 hours.
As the most feasible idea generator, it takes 24 hours for the generator to come up with the most suitable business ideas for you. This comes after careful consideration of your budget, intended location, talents and skills, availability and what not. With the submitted data and just a little token, you will get a list of ideas sent to your email based on an extensive feasibility study. You will also receive access to business plans, business model canvas and a 3 year financial analysis to help you get started with the business.
Business Ideas for Ladies in 2021: The highest paying 20 (+quick tips)
In recent times, ladies have become more successful in entrepreneurship and corporate businesses. Therefore, there are no limits to the business ideas they can materialize. So, if you are here in search of business ideas for ladies in 2021, you have come to the right place.
As a lady, you are capable of executing even more businesses than you know. In fact, this century has leveled the playing field, so, if you have guts, you can excel in any chosen field of business.
From online to offline businesses, you can make use of this post to decide on what you want to venture into. If you need more ideas that are more specific to your region, consider using our business idea generator.
The future is female after all! Below are the top 20 business ideas for females in 2021.
Business Ideas for Ladies in 2021: The highest paying 20
Explained below are the 20 highest paying business ideas for ladies in 2021. The tips have been written alongside.
#1. Virtual Assistant
This is a corporate position that is vastly remote. Your job will be akin to that of a personal assistant, only that you will work from home. You will be required to manage the schedules, social media, and sometimes phone calls of your boss. Simple virtual tasks such as airtime recharge, bank transfers, texting, and the likes may be handed to you to manage.
#2. Personal Assistant
This is the physical version of the virtual assistant. You will be required to book appointments for your employer. The job of managing the daily affairs of your boss will be handed to you. Your ability to organize and plan will be tested as well.
This is one of the best business ideas for ladies in 2021 as we don’t see this position going stale anytime soon.
#3. Point Of Sale (POS) Agent
Helping people carry out basic and minor banking transactions will give your business an edge. Transactions such as withdrawals, deposits, transfers, and bill payments will be handled by you. For ladies, your accountability and zeal will favor you here. You might also experience an increase in the customer base because of your likable character.
Show business is still by far one of the best businesses today. For ladies, the acting industry will feel like home and will be more receptive to you. There are versatile roles for ladies in the movie industry which can skyrocket your career! You could even land roles in advertisements and commercials for a variety of brands.
Not to stereotype this business idea, but it is really a ladies’ dominated one. Cake and confectionaries baking can never go wrong with you. You may need to take a few lessons but trust me, it will be worth it.
People trust females more than males when it comes to baking. For this reason, it should not be hard for you as a lady to pull this off. You can land contracts to bake for huge weddings, celebrations, and even anniversaries. It is really a filled business.
Entertainment as a whole is quite lucrative for ladies in this present age.
As a musician, your profits will come from streaming platforms when fans stream your music. For upcoming musicians, the business may start slow, but when you become established, you will appreciate the industry.
In 2021, this will be one of the best business ideas for ladies.
#7. Uber/Taxify Riding
Uber riders are one of the highest-paid entrepreneurs in today’s world.
You may already own a car or you may have someone willing to lease you a car for this purpose. Either way, you can start this business with just 10k for petrol once a car is available.
The transportation business is highly lucrative as it entails delivering people safely to their desired locations. With the undying need to commute seamlessly today, there is no doubt you will excel in this.
Here, there is a requirement for you to understand the importing business.
Dropshipping can be a tricky one so we will provide a guide for you. You will be required to ship certain goods from one point to another in order to make a gain. If you do this well and consistently, you are sure to go far with it.
Get the contact of a wholesaler in a different country where the wholesale market is cheaper. Your wholesaler may sell shoes or bags or colognes in wholesale, depending on what you wish to specialize in. You may even wish to be diverse and provide variety to your customers.
For beginners’ sake, it is recommended that you start with one. So let’s assume you choose to sell female handbags. You then pay for a few bags to your supplier who may be in China or India or even America in wholesale amount which will make it cheaper for you.
Then your supplier ships these bags down to your location. Then you go ahead and sell these items at retail price to locals, ensuring your profit. Sometimes, you may not even need to use your money to get these bags as your customers would have paid for them on pre-order basis.
This is by far one of the best business ideas for ladies.
#9. Online Coaching
Females make good coaches!
As an online coach, you will be in charge of training and coaching people on various aspects online. It is best to train based on an aspect that you are very familiar with so that your coaching is always superb.
All you need for this is a social media account and internet data subscription. Once you become well known as a coach, you can start to charge for consultation and one-on-one coaching.
Podcasting is recommended today because of its diversity. As a podcaster, you become a new age radio presenter. Your podcast can be about any and everything akin to a radio show. As your podcast audience grows, you can begin to run advertisements on your podcast.
Starting a podcast is free with platforms like Anchor but as you improve you may need to buy items like an external microphone. Your profit will be generated from these advertisements.
Female bloggers like Linda Ikeji and Uche of Bella Naija have changed the narrative of women in blogging today. You can start a blog for free and write on any niche of your choice and with time you can upgrade to a free blog.
As a female, the blogosphere is prone to be more welcoming to you. The tendencies of you having any problems are slim.
#12. Make-Up Artist
These are the controllers of the beauty industry. As a make-up artiste, your forte will be on social media (Instagram especially) as that is where most of your initial clients will stem from. You will be required to take a few tutorials from some experts in the field, but otherwise, you are good. If you don’t have the artist mentality, you will need to develop it. Makeup kits and products will also need to be invested in.
The good thing about this business is the fact that you can diversify; blog about makeup or podcast about it or run a YouTube channel in addition. You can even advance to handle face beats for celebrities.
#13. Face Modelling
It’s all about having great skin. With your skin looking flawless, you can model for different make-up artists and brands. Cosmetic companies can use you as the face of their products and make-up artists can use you as their muse. Your stream of income would run through various sources.
This is definitely one of the highest paying business ideas for ladies in 2021.
From freelance writing to fiction writing, profit can be made from just about any of these fields. You can decide to write articles for various clients in need of them or fiction for magazines and publications.
Also, you can write and publish an informative e-book or a fiction novel and sell it for a fee. There is literally no limit to your income source as a writer.
#15. Social Media Influencing
This is a business that depends solely on your ability to affect other people’s thinking in an online community.
The more influence you have, the more your chances of landing partnerships with companies and individuals. These companies and individuals will pay you to promote an idea or sell a product for them. You then use your influence to achieve your clients’ desired results.
#16. Affiliate Marketing
Here, a retailer will pay you a commission for you to generate traffic to their website or sales for their products.
What makes this one of the best business ideas for ladies in 2021 is that it is gender-neutral. To earn with affiliate marketing, you will need to have a bit of an influence on people too.
#17. Wig/Hair Dressing
In the world of fashion, wig making and hair making is one of the most lucrative businesses in existence.
When talking about business ideas for ladies in 2021, the business of hairdressing is really advisable as well. You will be in charge of the hairstyles for people, including celebrities.
You can create a brand around wig making and even sell high-quality hand-made wigs for people. With time, you can advance into owning a big salon and producing hair products and accessories.
#18. Fashion Designing
Fashion designers are greatly appreciated individuals in this age and in 2021, they will become even more sought after.
This is one of the best businesses for ladies in 2021 as we all know that ladies have a better fashion sense than males. This will give ladies an edge over guys in this business.
Growth can occur and you can land contracts to handle fashion designs of celebrities for social functions.
#19. Data Processing
This involves collecting, processing, analyzing, and publishing data for individuals or corporate bodies.
Your organizational skills will be put to the test and most HR personnel believe ladies have more organizational skills hence the position is usually occupied by a lady.
This will arguably become one of the best business ideas for ladies in 2021.
YouTubers like Liza Koshy and JenaMarbles have redefined youtube for ladies.
These days, you can adopt YouTube as a side hustle, although, some people now take it as their main job. As you manage your main job, you can make videos about it.
For instance, if you are a make-up artist, you can post videos about the makeup industry up on youtube. You can even include “how-to” videos as many people tend to relate well with how-tos.
These are the top-paying business ideas for ladies in 2021.
If you need more ideas specific to your region or country, click this business idea generator to get started. It gives ideas streamlined to your personality, budget capital, available time inputs, skills, workforce strength, and feasibility studies of possible businesses around your region/country. In less than 24hours, you will receive ideas with access to business plans right in your inbox to help you get started. click this business idea generator to get started.
BEST BUSINESS TO START WITH 10K: The Top 20 (+ free guide)
With as little as 10k, you can start a profitable business in Nigeria today. It is no news that entrepreneurs are now making waves all over. If you are looking to join the elite league, you can do so after reading this. We will even throw in some free guides for these businesses.
Without much further ado, here are the best 20 businesses to start with 10k in Nigeria today.
This requires very little from you as the business owner. You will be tasked with importing various items from foreign countries and reselling to Nigerian customers. Mini importation is somewhat a crowded niche presently, but the sky is big enough! This makes it one of the best businesses you can start with 10k.
To begin, find a palatable foreigner that ships items out of their country. You can specialise in importing jewellery, clothing items, shoes, or handbags. Once you find someone willing to sell in bulk to you at a cheaper rate, book them. Then go ahead to pay for your importation, most times, the startup cost is about 10k only for a few items. Once you have made payment, your goods will be sent to your preferred location. It may take a few weeks to arrive. Once they arrive, go ahead and resell these items in such a way that you don’t run at a loss. Ensure you are selling at an affordable rate as well to ensure you sell out.
Gadget sales is also another profitable venture you can run with just 10k. Here, you will be tasked with providing quality tech gadgets for individuals at an affordable rate. You may choose to import these gadgets or simply buy from local vendors and resell. Either ways, ensure you are providing quality and top notch gadgets in order to retain long-term customers.
On foreign platforms like Amazon and AliExpress, tech gadgets are way cheaper for bulk purchase compared to local purchases. With as little as 10k, you can select a variety of gadgets to import from the platforms. Your gadgets can range from earphones (wired & wireless) to selfie sticks, to phone pouches, and so on. With time, you should grow to become an importer of A-Class mobile phones.
Airtime & Internet Data Sales
This is one of the best businesses you can start with just 10k. Most network companies these days have the option for bulk purchases. With these options, you can purchase airtime in bulk for a cheaper amount. Then let your rates be a bit cheaper than the normal cost but not as cheap as the amount you bought it for. This will encourage people to buy from you instead of buying from the normal source.
This is an evergreen business for every season. It’s always in demand.
People need food to survive! No matter how laborious or robust an economy is, one thing people will never do without is food. This is a business that, if you run well, will make you wealthy.
It’s very easy to win loyal customers. As long as your food is delicious and nutritious, customers will always return. If you can get a decent location, acquire the proper skills and personnel, you’ll be able to run a successful food business.
Running a delivery service requires as little as 10k. It is one of the best business idea you can materialize. It involves you delivering products and goods from one point to another point within a particular city. Sometimes even from one city to another and with advancement, from one country to another. People will never do away with the need to transport goods so you know you have a sustainable business.
You can start by utilizing public transportation like buses and motorcycles at the start of your business. But with time, you would gather enough money to acquire your own motorcycle and a dispatch rider. This will put you on top of the game.
Blogging is one amongst the oldest varieties of Social Media. Basically, it’s a web journal or diary that represents your whole business.
With 10,000 naira, you can start a blog. All you need is pay for your hosting and domain to a Nigerian hosting company and design your blog yourself or get someone to do that without making a design mistake.
Blogging improves your brand awareness, search ranking and web traffic amongst other things.
You only get to renew your fees once in a year and every other thing you’ll be needing will be provided by free plugins. You can start as soon as possible by reaching out to your hosting company.
Dropshipping offers chain management methodology whereby the distributor doesn’t keep merchandise in stock but transfers to the customer directly. He does this by sending the cargo details to the manufacturer, another distributor, or a middleman, who then ships the products to the client.
As it is practised in the retail business, profit is gotten from the difference between the wholesale and retail value. However, some drop shippers earn an agreed share of the sales made by the middleman.
To start this business, all you need is to decide what you want to sell. Choose a platform on which you want to sell it such as Shopify or other online stores. That’s all.
With dropshipping, you don’t even have to buy or touch the product upfront. The customers order and get the product directly from your online store.
This is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions. Cryptocurrency trading is the act of speculating on cryptocurrency price movements. This can be done via a trading account or buying and selling the underlying coins via an exchange. If you like this, you have to be careful and have a high predicting sense when venturing into this business because it deals with the rise and fall of a currency.
The business of quenching people’s thirsts is quite underrated. In Nigeria today, with 10k, you can acquire soft drinks and bottled water in variety for sales. You don’t need a physical space as you can partner with someone who already has a shop for this.
Soft drink and bottled water comes cheaper in bulk. Get a variety of drinks and position at a bus park or a busy road. Buy at wholesale price and sell at retail price for profit. With time, you should be able to get your own space and sell more.
READ MORE: Small Scale Business Ideas 2021
You can run an event equipment rental store. When people organize events, they need a place to rent equipment such as chairs or sound set or generating set. Your aim should be to provide these items for people for a fee. You can start with renting out plastic chairs and work your way up from there. With time, you will have enough to acquire more equipment.
Poultry farming is on the list because of its variety of raising numerous domestic birds like chicken, turkey, ducks, geese, etc. for eggs or meat. As a popular business in Africa, it is fast becoming an essential part of farming. In fact, it is one of the profitable agricultural business idideas. It also doesn’t need immense capital to start out and can be done in the comfort of your home if you’ve got enough space to accommodate the number of birds you simply want. All you need to give them is adequate care. Start small with less than 10000 naira and gradually grow.
Small Chops business
With as little as 10k, you can learn how to make small chops or get someone make it for you. Finger foods are the go to refreshment items for small scale gatherings so there is no doubt that it’s a good one. You can package samosas and spring rolls in this paper foil containers that are small and sell. You can make these small chops and even supply to bodies that need them. In the quantity you make, you will definitely get profit on your money.
Fingerlings are much cheaper to acquire with 10k. You can alternatively choose to acquire egg-laying fishes and just groom them till they lay eggs for you. Either way, you can not spend more than 10k to start this business as long as you have some resources handy. Get this Fish farming business plan to get started. Fish is one of the best business you can start with that amount of money as long as you know how to be conservative with resources. There are videos on YouTube and tutorials on Google that can guide you.
Soap making business
Liquid soap used for doing the dishes in every average Nigerian home is usually made by average Nigerians. You can learn from an expert and begin making these soaps for households. This business has a lot of potential and requires very little start-up costs.
Cake making business
As a cake maker, you’ll be specializing in producing and/or selling cakes. You may also sell cupcakes, muffins, sponges, as well as other baked goods that fall under the title of a cake. You will be able to bake cakes for weddings and other social functions when your business grows. The enlightening part is that you can start a small scale cake making business with 10k and grow from there.
With platforms like Amazon, you can self-publish an ebook. A little start-up capital may be needed though and you can sell for a stipulated amount. Your ebook can cover a number of themes and information that readers will hold valuable, this way, your sales are guaranteed.
Curriculum Vitae creation is a business that can be started with as little as 10k. If you already have a computer or laptop, all you’ll need is internet access. With this, you can source for people in need of a good resume and write it for them. If a laptop is not available, you can use a smartphone for this purpose. There are countless people in need of standard resumes to impress one HR personnel or one employer. Your job will be to help these people vamp up their resumes. Sign up at Upwork or inklancers.com free of charge.
As a freelance writer, you need to have diverse prior knowledge about a lot of things. Freelance writing entails you penning down articles, newsletters, general writeups and even fiction for clients. This is one of the best business to start with 10k or even zero capital. Just have enough internet data for research accompanied by your writing skills, the register at upwork or inklancers.com
Confectionery like doughnuts, cupcakes,minced pies are items that move really fast in the market. You can easily learn how to make them and with 10k for starts, you can make so much more money.
This is generalized because there are a lot of investment options these days. One great thing is that most of these options are fully online. So you can choose to invest as little as 10k for a period of time and cash out your profits when due. It’s all a matter of planning. This will be one of the best business to start with 10k if planned well. Click on how to spot high yield investment to get started
FEEL FREE TO USE OUR BUSINESS IDEA YIELD GENERATOR IF YOU’RE IN NEED OF MORE BUSINESS IDEAS AT ANY CAPITAL RANGE
Business Yield Idea generator is the best business idea generator anyone can find online because it is purely operated by humans not a set of algorithms or Artificial Intelligence.
Humans gather data and do a quick but detailed research based on the information you provide. It’s simple to use, just answer a set of quick and easy questions and your business ideas will be in your email in less than 24hrs.
It takes 24hrs because this is the most feasible idea generator as it takes into consideration your budget, intended startup locations, talents and skills, the available time you can give the business etc. Based on these data with an extensive feasibility study and just a little token, you would have a list of ideas sent to your email with links to give you access to instant business plans, Business model canvas and up to 3 years financial analysis to help you get started for the business. Click on business yield Idea generator to get started now
Lucrative Business Ideas 2021-2022 (30 ideas + business plan)
The previous years might have been unproductive but 2021 can be better through lucrative business ideas. Or you are that person, who is unsure of your career to pursue, then this is for you.
Maybe you are a fresh graduate or recently into business force and trying to navigate through, on how to make money with lucrative business ideas.
These are guides to navigate you through finding your means in 2021. Lucrative business ideas:
1) Plumbing, Electrician Business:
In the era of internet, you can learn many things in your house, by sitting on your sofa, with food and water by your side. There are YouTube classes but most especially, you can decide to learn it, by meeting up with someone who is an expert in the business. These are one of a few kinds of business, you don’t need a shop for. You stay in your house, steadily getting contracts.
2) Construction Business:
You start a little company where you get a constructor to work for you. In this kind of business plan, you don’t need to be a constructor yourself. All you need is to set up a company, where you need about two to three constructors. You also need to know people, acquire contracts, and employ the constructors for the job. Here, you call the shots.
As stated in the second business plan, you can likewise start this kind of business. Or if you love repairing cars and set up the business yourself. But in the second business scenario, all you need is to have capital, able to rent a workshop where you employ mechanics to do the job.
4: Sewing Business:
Sewing business is one of the best businesses in the world because you don’t need loans to actualise your plans and make it a reality. Your customer pays you in advance, while you get the material, sew the clothes, and make your gain. There are a number of ways one can start with any range of capital available to you. Get this fashion business plan to get started.
5: Cosmetic Production:
In the era of skincare, people want their skins to remain flawless. For a start, you might spend a huge amount of money trying to learn it but a while after, it pays because you will never run out of lucrative business ideas. And if in turn, you produce perfect skincare, your customer will continue returning. Skincare is a delicate business, and, if your customers love your products, the patronage stays.
6: Tomato Farming and other Agriculture allied businesses:
Everyone wants to eat food and while at that, they love fresh products. You can get a fertile land to plant tomatoes, vegetables, and many other Agricultural products. These can serve as both subsistence and commercial purposes. In Nigeria, you need to find out the kind of produce in-demand, seek for patronised varieties and you will never run out of ideas.
7: Gym Business:
We are in the era of self-care, where people want to stay fit for their own purpose and also, for superficial social media standards of beauty. The gym is a good lucrative business idea but for this, you need a huge capital to set up the business, and government loans can come in handy.
Writing is one of the great skills for every business and in many cases, it generates capitals for people in various ways. First off, carve the niche you want to major for yourself, have your writing tools, be willing to always learn and research.
9: Selling Mobile Phones and its Accessories:
One of the lucrative business ideas is majoring in Mobile Phones and its Accessories. For phone accessories, people are always in need of earphones, charger, phone case, and screen guard.
You can partner with Tecno, as you sell their mobile phones, without having to buy them first. But for phone accessories, you can start the business as low as 100,000 nairas and have your shops stocked with different accessories.
10: Chin Chin, Plantain chips, and groundnut production:
It’s funny how this doesn’t need much of capitals. For all, you can partner with someone, most especially an old woman, who produce them in small quantity, and they help you in producing many of them but you can as well do them yourself.
These products are high in demand and they are what most people buy in traffic congestion when they are hungry.
11) Production of Ice Block:
You have a refrigerator but mostly used to store your food items? You can put it in use, and it generates money for you. Wrap water inside nylons, let them freeze, and resale them to people to use in icing their drinks. Electricity is a luxury in some African countries and in some cases, most people selling petty products cannot afford them. If you are in such locations, This could work out pretty much well for you.
12: Liquid Soap Production:
In Nigeria, there are companies majoring in production of liquid soaps like Mama Fresh, etc, they are quite expensive and these days, they are going out of the market, because people are always in need of cheap and affordable liquid soap that doesn’t irritate the skin like detergent.
It can be learnt with a little amount of money, while you reproduce them to meet your market demand. You can fill them into different bottles and sell them as low as N100 and N50, cheaper than company produced ones.
13) Life coaching:
If you successfully navigated through lives against all odds, there are many people that need advice on how to navigate through their own lives. Your help on life coaching might come in handy.
14) Freelance Writing:
You can set up your own freelancing company. You might be a writer, photographer, website designer, etc. They all come in various forms. At first, you can start as a sole business owner, with only you, but when you start getting contracts, you can begin by employing others in your field as you pay them.
15) Editing and Proofreading Services
Do you have a distinct third eye that can help in pinpointing out errors? And are you near perfect in language? You will make lucrative business ideas out of editing and proofreading, offering your assistance to companies in need.
16) Car Wash:
You necessary don’t need much capital if you have a particular setting to begin the business. You can start in a free land belonging to you or free for someone else. But if you don’t have one, you can rent it, and pay rent every year. In between the business, you can add other values like selling shawarma, spaghetti, drinks, etc.
17) Rental Services:
Around the world, everyone prepares for events and in most cases, they don’t have the equipment to execute the event and no one wants to buy something they will not need again in a while after its usage.
So, you can start a rental business like canopies, chairs, cooking utensils, music box, etc. As you keep expanding, you have to take the cue of your environment and social media to know the customer wants. You can create social media pages and prepare leaflets to get to people who are not on social media, thereby reaching more people.
18) Affiliate Market:
This is one of many online businesses you can start with little or no fund. In this business, you help companies or individuals to sell their products and earn a commission.
If you have large social media followers, it will help greatly in marketing and also for people around your locality.
19) Selling Recharge Card:
It is one of the fastest-growing businesses and if you are social media savvy, it’s lucrative business ideas. Everyone has a phone and need airtime either for a call or to buy data. You can do bulk selling where you also resell to the retailers or register as authorised users for a VTU account so as to maximize mobile technology side of that business.
20) Food Business:
A hungry man is an angry man. We all want to eat food even when there is no money. We all love food. Many people are into the food business, without having an actual rented or owned places. When you start, you can advertise your food and have your customers and deliver to them. It can be in a form of Mobile food business where you take orders and deliver to your customers. Your customer bears the delivery cost.
21) Start writing a resume, scholarship application letter, etc.
If you have the skill of mesmerising people with words. Like when someone read you and they marvel. You can help people, by writing their scholarship letters & write their emails and also, assist job seekers to write their resume in a standard way for job seeking. Resume plays a vital role in job seeking.
22) Photography Business:
This is one of the fastest-growing profession around the world. From hobbies, it had come to become a money-making avenue for creatives. If you are quite good at it, keep doing it and make money.
23) House Cleaning Business:
Many of the upper class and middle class, occupied with works are in need of people to clean their houses to their tastes. All you need is to know your actual consumers, leverage on them, and begin a house cleaning business. You can employ many people and be your own boss.
24) Massage Therapy Business:
This kind of business needs licensing for you to become fully certified. So, you might need one before being into the business. But it’s a lucrative business idea to leverage. Many people need someone to make them relax after days of strenuous jobs. You can carve your niche to cater for the lower class and middle class if you are about to begin the business.
25) Non-profit organisation:
Do you want to solve a particular problem that you are so passionate about? Especially human rights activist as you help people who are in dire need. Start! Start! Have the love of the particular thing you are into while helping people.
26) Tutoring Business:
Is there something you excel in? Multiple languages? Most sought after skill? You can specialise in them to tutor people. It can as well be home tutoring of primary and secondary school students or University undergraduates.
27) Build a Much Needed App:
It might be a gaming app. An interesting game or any other app. It is quite easy to sell in this era where little children possess smartphones.
28) Event Planning Business:
Everyone wants to organise an event but they don’t know how to go about it. Event planners can come in handy. You help people plan their events and earn money.
29) Bar, brewery, Night Club:
They are closely related and work in hand. In all, they need huge capital investment to begin. Men are always in need of where to chill. Same as women. In the urban city, everyone needs to have fun. It is one of the lucrative business ideas.
You can set up a bakery shop. Most bakeries earn as high 15000USD to 300,000USD depending on the location they choose to service, product differentiation and the scale of their business. Whichever way, we have developed a bakery business plan that can help you through the process of operating the business until you start making your own money bag. You can as well, bake in your house and do home deliveries. Click on bakery business plan to download
What makes this the best anyone can find online is that this generator is purely done by humans not a set of algorithms or Artificial intelligence.
Humans gather data and do quick but detailed research based on the information you provide. It’s simple, answer a set of quick and easy questions and your business ideas will be on your email in less than 24hrs.
24hrs because this is the most feasible idea generator as it takes into consideration, your budget, intended startup locations, talents and skills, the available time you can give the business etc. Based on these data with an extensive feasibility study and just little token, you would have a list of ideas sent to your email with links to give you access to instant business plans, Business model canvas and up to 3 years financial analysis to help you get started for the business. Click on Business yield idea generator to get started
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