Business Idea is the fundamental tool for every entrepreneur. For Nigerian students who are aspiring to become an entrepreneur in life, starting a business while in school is the best. Find out best 25+ business ideas for Nigerian students.
Combining business with academic work is not easy, let alone getting a business idea you can start with little money as a student. This is the reason why most students are deterred from doing business while in school. However, I have listed here business ideas you can run alongside with your academics without you having carryover in your courses.
Before I proceed to show you business ideas for Nigerian student, let’s look at some of the reasons why You Need to Start Business While in University, polytechnic or college.
Why You Need to Start Business as student
- High level of graduate unemployment
2018 Nigeria graduate report by Stutern state that 36.26% of graduates are unemployed. . The unemployment rate accordingly, increased from 18.8 percent in Q3’17 to 23.1 percent in Q3’18 according to bureau of statistics on unemployment . I know you wouldn’t want to add to the figure after graduation.
- Too many responsibilities after school 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
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. If you’re a student in Nigeria seriously looking for profitable business ideas, here are some business ideas for Nigerian Students you can get started with;
- 1 Blogging
- 2 Tutorial Centre business
- 3 Sell solved past question papers
- 4 Mini Computer Business Centre
- 5 Phone Repairs business
- 6 Laundry Business/Dry Cleaning
- 7 Paid survey
- 8 Bead making and designing
- 9 Event Decorator
- 10 Buy and sell second-hand textbooks
- 11 Photographing
- 12 Online Mini importation
- 13 Freelancing
- 14 Sell on jiji Nigeria
- 15 Graphic design
- 16 Drop shipping
- 17 Recharge card business
- 18 SME Data business
- 19 Sell clothes/bags
- 20 Develop mobile apps
- 21 Start Production of campus e-newsletter
- 22 Sell original work on Etsy
- 23 Earn money from YouTube videos as a student
- 24 Waiter
- 25 Home coaching
- 26 MC/DJ business
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 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.
Read more on……How to start a blog and make money in Nigeria
Tutorial Centre business
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.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
Phone Repairs business
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 start the repair of phone business with sales of phone accessories. it all depends on your capital.This type of business is open for fresh graduate who thinking of what business to start as a fresh graduate
Laundry Business/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. 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.
Online survey pays. You can make money as a student by completing paid survey online. There are a lot of Nigerian online paid survey sites you can join. They include but not limited to;
- Opinion World
- Wrapping up
. Join MOBROG free now! When you don’t have/know any business idea you can start as a student, begin an online paid survey job.
Bead making and designing
Bead making and designing is a good business to start as a student. 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. 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. You can always succeed in this business if you’re ready to search for upcoming events. To start event decorator you may need to learn modern decoration skills. Learn 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 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
A good online lucrative business ideas to 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. You can always get CV-pimping experience to boost qualifications as a freelancer.
You can start freelancing job on any of these freelancing sites;
- Freelancer. They are the best freelancing sites for Nigerians
Sell on jiji Nigeria
Jiji is a site you can sell or buy stuff from. You can sell second-hand phones, tablets, Ipad, laptops, wrist watch, other electronic gadgets, fashions, etc. There are many other websites similar to Jiji Nigeria, you can sell stuffs online. You’re free to register on any other Jiji similar website.
Read more at…How to buy and sell online on OXL Nigeria now jiji
To start Graphic designing business as a student 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 new business model for entrepreneurs who are good in online 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
The sale of recharge card also known as Airtime virtual top-up (VTU) is a business idea to start as a student. 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
If your school does not have internet hotspot or wifi, take the advantage and start SME Data business.
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 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.
Production of campus e-newsletter is a good business idea for students on campus. Take paid advertisement from local business, 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.
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
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 business ideas for student in Nigeria 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.
The above some of the business ideas for Nigerian students. However, if you want to generate your own business idea; read more about… 7 solid methods/ approaches used to generate new business ideas.
If you’ve ever got broke in school, you will see reasons to start a business no matter how serious you’re with your academics. While it is highly rewarding beginning 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.
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.
To prove my point, you can take a look at these 8 super Successful Businesses started by College Students.
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