What Business Gives Daily Income In Nigeria?  (At Least 10k Daily)

There is a lot of hustle in Nigeria, with a strong desire to be an entrepreneur and a growing economy, many Nigerians are looking for businesses that can give them a steady daily income.  But the big question? What business gives daily income in Nigeria? An income of at least 10k daily? 

The Nigerian economy is constantly evolving and a lot of people are looking for ways to make a stable income. Traditional jobs come with a fixed salary, but being in business can make you more steady daily money.

In this post, we’ll explore businesses that can generate at least 10,000 Naira daily in Nigeria along with lifesaving factors to consider before you embark on your entrepreneurial journey.

See Also: Top 10 Businesses You Can Start with 1 Million Naira in Nigeria

What Business Can Give Me Daily Income In Nigeria?

Several businesses in Nigeria have the potential to generate a daily income of at least 10,000.

Let’s take a look at some businesses in Nigeria that can fetch you 10k or more daily.

#1. Food And Restaurant Business

Food is something that Nigerians adore! Despite its continued dominance, the food business continues to provide opportunities for daily income:

There are several options available for you when deciding on food business as a source of daily income.

Street Food; selling food on the street which is also known as buka or mama put is a very popular and low-cost choice that can fetch you daily income in Nigeria.  Serve cheap, tasty foods like rice, beans, plantain, yam, eba, fufu to people who are hungry and on the go.   

The start-up capital is low in this kind of business, you can start this business with as low as N100,000 to N200,000 and start making between N10,000 to N15,000 daily depending on what you are selling and your location.

You do not usually need a shop in street food selling, you can either use an open space with little coverings, kiosks, or a cart you can push to meet the customers.

Restaurant or Fast Food: If you’re good at cooking and have some more money to spare, you might want to open a restaurant or a fast food center.

Serve people who want to eat in, take out, or have delivered breakfast, lunch, or dinner. An average restaurant that sells several meals in a decent location can make between N20,000 to N50,000 daily.

Snack booth: Put up a booth selling snacks like sandwiches, pastries such as meat pie, egg roll, chicken pie, cake and soft drinks in schools, offices, or other busy places.

#2. Food Retail / Provision Store

Food Retail businesses which some people also call provision stores or mini supermarkets cater to everyday needs, making them strong contenders for daily income generation in Nigeria.

You can start this business with anything from N100,000 to N1,000,000 depending on what you want to sell and start making daily profits from 10k.

Some people will select a niche and choose to sell only food items such as yam, garri, rice, beans, pepper, tomatoes, etc., while others may decide to add drinks and beverages to it such as Coca-Cola plastic, bottled water, and beverages drinks.

If you have spare money you can also include food storage to the business where you will need to buy products like palm oil during the season when they are cheap, store it to resell later when they are expensive.

#3. Phone and Gadget Accessories:

With the high mobile phone penetration rate in Nigeria, selling phone cases, chargers, and other accessories can be a profitable business that can fetch you daily profits of 10k and above.

If you do not have enough capital and want to start small you can niche down to smaller phones (button phones and cheaper smartphones). You can start this business with as low as 200,000 and start making profits of ten thousand naira and above daily.

#4. Laundry and Dry Cleaning:

Busy professionals and families often outsource their laundry needs. You may offer pick-up and delivery services to make it easy for your customers and build a customer base.

A dry cleaning business can bring you a daily income of N10,000 and above if you do it right and choose your location smartly.

 It is also a business that does not need so much capital to start. With 500,000 naira, you can budget for a decent washing machine, pay store rent, and buy other necessary smaller equipment that can make the job easy and smooth for you.

#5. Barbering and Hairdressing

With a focus on quality haircuts, styling, and treatments, you can attract a loyal clientele.

The salon business can bring you a daily income of more than 10k if you select a good location and offer quality services.

A salon business is a business you can easily start with anything from N500,000, the bottom line is to start small and continue to grow!

#6. POS Business

Initial Investment Requirements for a Point-of-Sale (POS) Business is low and you can be earning as much as ten thousand naira daily doing POS business if you are in a good location.

What you need to get started is a point-of-sale (POS) machine, a location, and a dependable power supply. Ensure you make use of the POS machine of reliable digital bank because they offer good returns than conventional banks.

Locate your point-of-sale (POS) service in places where there are few banks or closed to markets and busy business areas. Traders and buyers hardly have time to go to the bank to queue or the bank POS machines to file.

#7. Car Wash

A car wash can make steady daily money of 10k and above because there are more and more cars on the road and people want their vehicles to be always clean but they don’t usually have the time to do that themselves.

Basic washes start at about 1,500 naira, and luxury washes come with extras like cleaning the inside seats, shining the tires, and detailing the engine.

Spend money on good pressure washers, wash brushes, and cleaning supplies. You can start with a hand wash and later switch to an automatic system.

Which Business Can I Start With 10,000 Naira?

With 10,000 Naira, you can start a business in Nigeria. Let’s have a look at some Low-investment ideas:

Recharge Card Selling:

In Nigeria, people still use recharge cards for airtime and data. You can acquire them in bulk from wholesalers and sell them in retail.  There are profit margins and low risk is selling recharge cards.

Small Chops:

Nigerians appreciate snacks! Make samosas, puff puff, and fried plantains at home and sell them in your community, offices or schools. It takes culinary expertise yet is profitable.

Freelance writing:

If you can write well and have internet connection, you can write online. There are several freelance writing services like Fiverr and Upwork.

Social Media Management:

Small businesses struggle with social media marketing. You can charge them to manage their social media accounts if you know how.

As with any business, effort and hustle are key. 

If you follow these tips and choose a business that fits your skills and hobbies, you can improve your chances of success with a 10,000 Naira investment in Nigeria.

What Is The Cheapest Business To Start In Nigeria?

In Nigeria, there are several business opportunities that are very cheap to start, particularly if you want to minimize the costs associated with starting a firm.

If you follow these tips and choose a business that fits your skills and hobbies, you can improve your chances of success with a 10,000 Naira investment in Nigeria.

Service-based businesses

Included in this category are businesses that provide services, such as those that provide cleaning services, hairdressing services, or tailoring services. 

These businesses make use of the abilities you already possess and require only a modest investment in terms of equipment or supplies.

Freelancing:

 If you possess abilities that are appealing to potential employers, such as writing, graphic design, or managing social media, you can offer your services on a freelance basis.

This might be an excellent method for beginning on a modest scale and expanding as you attract more customers.

Affiliate marketing

Affiliate marketing lets you make money by promoting other companies’ goods and getting paid a percentage of the sales you bring in. It doesn’t cost anything upfront, but you do need to know how to sell it.

Your best choice will rely on your skills, interests, and the resources you have access to.  Think about what you’re good at, what you like to do, and how much money you have to start your business.

Conclusion: What Business Gives Daily Income In Nigeria?  (At Least 10k Daily)

What Business Gives Daily Income In Nigeria? By taking everything into consideration, these businesses have the ability to generate a daily income of at least 10,000 Naira in Nigeria. The rewards that may be gained from starting a business are enormous, although it demands dedication and hard work.

You should carry out extensive market research, develop a sound business plan, and make use of digital media to communicate with customers.

Successfully obtaining financial success in Nigeria is not out of reach if one is persistent and employs the appropriate technique.