Business Idea is the fundamental tool every entrepreneur needs before starting anything called business. I have carefully selected top best 25 business ideas for students in Nigerian universities, polytechnics and colleges. However, if you’re fresh graduates in Nigeria you can also start some of these business ideas. These Business Ideas for Students in Nigeria are unique, profitable and easy-to-start, once you’re ready to put in extra effort and hard work. One thing you should know is this; to combine business with academics is not an easy task, let alone finding a business idea you can start with little or no capital investment as a student. This is the reason why most students are deterred from doing business while in school. However, the business ideas I have listed here are profitable business ideas that you can run concurrently with your academics without getting carryover in your courses.
If you’ve ever got broke in school, you will see reasons to start up a business no matter how serious you’re with your academics. While it is highly rewarding starting a business as an undergraduate; it can become the most difficult task you’ve ever embark upon if you don’t start with the right business idea. This is why after my feasibility study on possible businesses students can start while in University, polytechnic or college; I have come up with these 25 profitable business ideas. Had it been I knew what I know now while in the university, I would have become a bastard multi-millionaire…lol. My friends who started online mini importation business when we were in university are now multi-millionaires. Some of them are currently dealers, importers and exporters of varieties of products. Education will never make you successful in any Business. You can never learn the secret of successful business men and women by going to school. What education can only do is to enlighten you. Mark Zuckerberg, one of the top 10 richest man in the world today (Net Worth: $ 61 Billion) is a school dropout. Imagine, if he had waited to graduate from school before starting social media platform, facebook.
I have come to conclusion that the best time in history for young entrepreneur to start up a business is at the university, polytechnic or college. To prove my point, you can take a look at these 8 super Successful Businesses started by College Students. You too can become successful if you ready to take the bold step to start up a business now at your youthful age in University, polytechnic or college and start making money.
- Small Business Ideas for College students & Undergraduate Students.
- Five tips for running a successful small business as a student.
- 100+ Profitable Small Business Ideas you can start today in Nigeria
Let me assure you once more, these below business ideas for Nigerian students;
- require little or no money investment.
- can be started on a low or small scale.
- can be combine with academics without you getting carryover in your courses.
- are lucrative and it can be run while in the university, polytechnic, college or any other high institution.
Before I proceed further to show you these business ideas you can start as a student, let’s look at some of the reasons why You Need to Start Business While in University, polytechnic or college.
Reasons Why You Need to Start Business While in School
- High level of graduate unemployment
According to 2018 Nigeria graduate report by Stutern, 36.26% of recent graduates are currently unemployed. Graduate unemployment is at its highest for OND and HND degree holders. The bureau of statistics on unemployment has it that, “Unemployment rate in Nigeria has been on the increase since the economic crisis in 2014. The unemployment rate accordingly, increased from 18.8 percent in Q3’17 to 23.1 percent in Q3’18. I know you wouldn’t want to add to the figure after graduation.
- Too many responsibilities after graduation
There is always too many responsibilities after graduation. These responsibilities will demand your time and money such that you may not be able to save sufficient capital/resources to set up any business. While in the university your parent gives you money but after graduation, the reverse is the case. So, there is need to make hay while the sun shines.
- It’s best to acquire skills and experience earlier
Remember the quote? “Fail soon so that you can succeed sooner.” by Amit Kalantri, Wealth of Words. This is a business success secret quote. What is require to succeed in most businesses is just experience. If you start a business earlier in life, you’ll have enough room to gather experience and skill.
- Helps you avoid getting broke in school
I’ve said this earlier, if you’ve ever got broke in school; you’ll be forced to start up something that can generate income for you. So many students got broke in school to the extent of not being able to pay for their dues and they got dismissed from school. Starting a business as a student can help remedy you from this kind of mess.
It is now quite clear to you that you need not wait to graduate before you start up a business of your own. So, if you’re seriously looking for profitable business ideas to start as a student in Nigerian university, polytechnic, or college; here are 20 business ideas to start with;
25 business ideas for students in Nigerian Universities, Polytechnics and colleges
Yes, blogging! Why blogging again? You know about it already, right? Then, start it! Blogging is one of the easiest business ideas a student can start while in school. This is because blogging business can never affect the time of your academic studies. You can always blog at your leisure time and there is thousand and one untapped niche to blog about. You can start the following blog as a student;
- Blog on your degree course – You can start a blog about your degree subject and get other students, tutors and experts to contribute to it.
- school past questions and answers blog – You can start past questions and answers blog or online community and get other students to contribute.
- school fashion, celebs and entertainment blog
- Relationship blog
- Physical and fitness blog
Starting a personally blog will not cost you much. With little money like N15K, you can start a profitable blog. Domain name registration = N3000/year; Hosting cost = N11500/year. You have a lot of hosting companies to choose from: web4africa, Hostgator, Namecheap, blueHost etc. If you don’t know how to go about this, we’re here to help you. You could then place adverts – but aside the money you’ll make for such a project, it will look great on your CV. The Management of University of Nigeria, Nsukka (UNN) encourage their students to start a blog. As of the time I’m writing this article, the institution already has Bloggers Association to show you the extent the school value student entrepreneurship. Every year, the association organizes workshop and blog training for her members. In this year UNN bloggers workshop, The Vice Chancellor, Prof. Benjamin C. Ozumba decorated the workshop with his presence and speech, encouraging participants to be steadfast and passionate about what they are doing, as it will eventually skyrocket them to the next level. He added that the institution is glad to have the training organised and held at this time. When you start a Blog as a student, you can always continue even after your graduation.
I have written so many articles on this site that will help you start a blog and make money as a student. Read more on……How to start a blog and make money in Nigeria
Another great business idea you can start as a student is tutoring or lesson centre. You can start tutorial for school students struggling with the subjects you’re acing at. Think of courses you’re good at and start it for the junior Students. Offer online courses or webinars to reach more students and folks. It pays a lot if you’re good at the course you teach. Remember, you can continue this business after your graduation. You can start tutorial centre with zero kobo if you start it while in school. The tutoring centre I attended while in secondary school is now transform to one of biggest secondary school in Enugu. If you start your own tutoring/lesson centre now in University, polytechnic or college, you never can tell what it’ll be transform to in nearest future. Fresh graduate can also start tutoring centre because it’ll require little or no capital investment.
A typical example of tutorial center I have seen before that was started by a student in University of Nigeria, Enugu Campus is Science Academy. The Academy was basically meant for those preparing for NECO, WAEC, UTME and Post-UTME.
Sell solved past question papers
This kind of business idea is for intelligent and smart students. However, you can organize other students to help you solve the past questions. After solving the past questions, comply and customize their solutions in such a way that it cannot easily be duplicated or photocopied. Otherwise, I’ll advice you publish it.
Mini Computer Business Centre
Computer business centre is one of the lucrative business to start in university, polytechnic or college. To start this business in your school, liaise with your student union government or whoever that is involve to rent a space within the school premises. You can start computer business center on mini level. The mini level computer business centre will not cost as much as a standard computer business centre. Buy 1 in 3 HP LaserJet (for photocopying, printing and scanning), a table, chair and possibly small generator plant and you’re good to go! However, if you wish to start a standard computer business centre instead of mini computer business centre; look at the cost of starting a standard computer business centre and see if it something you can do
Mobile phone repairs with sales of mobile phone accessories
Mobile phone repair business is a very lucrative business. Every undergraduate and even college student now has mobile phones. You can start phone repair as student, if you have the skill. Even if you don’t have the skill, you can negotiate with someone that will train you on how to repair mobile phones (on your leisure time). You can combine the mobile phone repair with sales of mobile phone accessories depending on your capital. I will advise that you don’t start this kind of business if your studying courses like Medicine and Surgery, Health Science course, Law and legal Matters etc.; these courses will tie you down. You will never have such free time for this type of business. Those who reading marketing, social science courses, business courses etc. can comfortably embark on this type of business while school. This type of business is open for fresh graduate who thinking of what business to start as a fresh graduate
Laundry Business/Dry Cleaning
Another business idea you can consider starting as a student is laundry service or dry cleaning. You can start laundry service for other students or collect other students’ dirty laundry and take it to the launderette for a markup. As a student, you can do this business on weekend and on free night so that it will not affect your studies. Starting this business may require that you buy washing machine and tank for water storage. In case, you don’t have money to buy washing machine, you can start with manual laundry. As a student, other student will not expect you to buy washing machine at your level. All you need is just one or two containers or two rooms and a washing basin to get started.
You can make money online as a student by completing online paid survey. There are a lot of Nigerian online paid survey sites you can join. They include but not limited to;
- Opinion World
- Wrapping up
MOBROG (Nigeria) surveys offers you the possibility to make money with online surveys and with surveys on your cell phone in Nigeria. Join MOBROG free now!
Paid Online Surveys from Triaba Nigeria-respond to paid online surveys and earn up to $3.25 for each survey you complete. When you don’t have/know any business idea you can start as a student, start an online paid survey job.
Bead making and designing
Another business idea for student in Nigeria is Bead making and designing. A bead is a small, decorative object that is formed in a variety of shapes and sizes of a material such as stone, bone, shell, glass, plastic, wood or pearl and that a small hole is drilled for threading or stringing. Beads range in size from under 1 millimeter (0.039 in) to over 1 centimeter (0.39 in) in diameter. This business idea may be seen as gender sensitive or selective; it is commonly seen as women or ladies’ business. Beaded necklace is fast selling in Nigeria. Most Nigerian traditional attires are worn with hand beads and bead necklace. Any student can start bead making business once you’ve learnt the skill of bead making and knotting. You can be making and designing the following bead types;
- Knotted bead necklace
- Beaded earrings,
- Beaded bracelets
- Beaded purse
- Beaded handbags
- Beaded belts
- Beaded ties
- Beaded flower vases
Event decoration is a business idea any student can do on weekends and special days. To succeed in this type of business, you have to be ready to scan for upcoming events within and outside your school premises or campus. Again, you may need to learn modern decoration skills.
You can learn how to decorate the following events;
- Traditional Marriage ceremonies
- Wedding feast
- Love feast
- Naming ceremonies
- Birth day party
- Graduation party
- Child dedication party
You can start decoration business by renting decoration materials and equipment instead of buying new decoration material. This is far cheaper for a beginner in this business.
Buy and sell second-hand in-demand textbooks
Buy second-hand in-demand textbooks at the end of term from other students and sell them on to new students at the start of the new term (simple supply and demand). This kind of business idea is highly profitable when you know how to do it.
Photographing business is no-longer lucrative as it used to be since the advent of phones and tablets. However, this business is still paying to an extent. All you need to start this kind of business is just digital camera and passport developer.
Online Mini importation
Online mini importation is one of the most lucrative business ideas you can start as student. One good thing about mini importation business is that you can start this business with as little as twenty thousand naira (20K). There are thousand and one products to import as a student ranging from; Fashions, wears to electronics.
Read Also: Part-time Online Business Ideas for students
Freelancing is always an option for most student when it comes to online business. It is one of the simplest and easiest online business for students. Whether it’s related to your current course or your dream career, you can offer your skills to people who need web design, illustration, writing or admin support. You’ll also get CV-pimping experience to boost qualifications.
You can start freelancing job with any of these freelancing sites;
- Freelancer. They are the best freelancing sites for Nigerians
Sell on oxl.ng
OXL.NG is a site (Google free classified ad site) you can sell or buy stuff from. As a student you can start the business of selling fairly used stuffs online by registering on OXL Nigeria website. There is no limit to things you can sell online on OXL Nigeria website. You can sell second-hand phones, tablets, Ipad, laptops, wrist watch, other electronic gadgets, fashions, etc. Selling online on OXL.NG is free. There are many other websites similar to OXL Nigeria, you can sell stuffs online. You’re free to register on any other OXL similar website.
Read more at…How to buy and sell online on OXL Nigeria website
Graphic designing is one of the lucrative business ideas any student can start right in the comfort of his/her hostel room. However, you need to undergo training in the use of Corel draw, Photoshop, paint, etc. before you can be good in graphic designing. To start graphic designing business, you will need a laptop and sometimes access to internet. If you think you have all it takes to start graphic designing, advertise yourself within the campus and among your classmates as a graphic designer to start getting jobs. You can also go international through online advertisement.
Dropping business is a popular business model for new entrepreneurs (students and fresh graduates) who are good in internet marketing. it’s possible to start a drop shipping business with little fund since you don’t need to stock the items/products you are selling. The fastest way to succeed in dropping business is to launch a website that supports a drop shipping business model. Typical example is to use a simple e-commerce platform like Shopify. With Shopify, you don’t need to be a tech scurvy to get it up running, and it has plenty of apps to help you get started and increase sales. There are several ways to attract prospects, but the most effective option is to start a Facebook ad campaign and student sale promotional campaign. This allows you to generate sales and revenue right from the start. Facebook will allow you to place your offer directly in front of a highly targeted audience.
Recharge Card Business
As a student, you can start the sell of recharge card in virtual top-up (VTU) or physical form. You can advertise this in your hostel for other students to know about it. The profit in this kind of business is usually low except if you’re having high turnover in the business. Therefore, you can include sell of data plans and Bulk SMS business for high profitability. You can start small and grow it gradually.
SME Data business
Small medium enterprise data package business is one of the thriving businesses in campuses and high institutions especially in school with no access to internet. if your school does not have internet hotspot or wifi, take the advantage and start this business immediately.
Some telecom network you can deal on their SME data include;
- MTN SME Data plans
- Glo SME data plans
- Airtel SME data plans
- 9mobile SME data plans
You can include sell of recharge cards and bulk SMS business to this kind of business. You have to be an aggressive marketer for you to be able to make it in this business. There are many ways to advertise this business, you can advertise it on;
- Group Whatsapp you belong to
- Social media like facebook
- Offline – in hostels
Sell of first grade Ok clothes, first grade Okrika bags and shoes is one of the thriving business ideas in campuses and colleges. Students like fashions and design. if you’re in school now you will agree to this. Door to door (hostel to hostel) marketing and online marketing are the best selling method
Develop mobile apps
If you’re good in programming, you can start developing mobile apps. You can develop mobile apps for companies, webmasters, etc. You can also develop mobile apps for yourself and then monetize it. You can also include games development. If you ‘re able to develop mobile games, you can promote and monetize them.
Start Production of campus e-newsletter
You can start campus e-newsletter production and take paid advertising from local businesses, or do deals to offer readers discounts and competitions. The campus e-newsletter will include but limited Student Union Activities and the happenings in campus.
Other Business ideas for Students in Nigeria
Sell original work on Etsy
Etsy is the global marketplace for all things unique and one-of-a-kind. think greetings cards, stickers, badges and illustration; these and many more you can sell on Etsy as a student
Earn money from YouTube videos as a student by sharing a slice of the ad revenue
Pick any topic that interests you (games, comedy and music do particularly well) and put together simple guides or reviews. You can monetize your YouTube channel using GOOGLE ADSENSE ones you have up to 1000 subscribers. You can review company products and make money on the go.
Waiter is not actually business idea per say but a job. It is for young student who can relate well with people. Most event managers and companies who run sales promotion often, need the services of waiters. Outside sales promotion, you can serve as a waiter in;
- Conference programme
- Wedding feast
- Love feast etc
This is meant for intelligent and smart students. There are a lot of wealthy/rich parents looking for a good home teacher that will coach their kids. You can advertise yourself within and outside the campus. You can even scan for parents that need home coach.
The final but the least on this list of businesses student can start while in school is MC/DJ. It is usually good to start by being a director of social (DOS) or go for training to acquire skills. You can also acquire the MC/DJ skills by going for an entertainment program/shows/outing with professional MC/DJ.
On a final note, I’ve shown you some of the above easy-to -start profitable business ideas you can start as a student. However, if you want to generate the business idea yourself; read more about… 7 solid methods/ approaches used to generate new business ideas.