Last Updated on August 6, 2020 by Oyeniyi Michael Barry
BUSINESS IDEAS FOR STUDENTS – It is well known that Nigeria is the land of opportunities in Africa when it comes down to business. With a population of over a 150 million habitants, there is always an opportunity to make money by finding solutions to other people’s problems. Students can start a business with low capital and make a living for themselves in their spare time if they are willing to work hard and do the right sacrifices.
In this article, I am going to share with you 10 realistic business ideas from which students can earn a living in Nigeria. We should keep in mind that student have zero to little free time at hands.
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10 Business Ideas For Students In Nigeria.
Here are 10 great business ideas which you can consider doing as a student while in school to earn you extra money;
1. Buy and Sell.
The easiest way by far if students have a capital to invest. They should look for products which are easy and fast to sell, such as: used school books, cheap cell phones, computers, clothes, anything that is related to every student’s needs. They can either use their network in school to sell their products, local markets or online markets.
Recycling is a very low capital investment venture as it involves buying junks or broken items, sometime you can even collect few items for free. Recycling’s items I like the most are: computer parts, broken cell phones, broken computers, broken and old televisions and much more. The trick is to buy or collect junks at a very low price and bring them back to life by repairing them, a good profit can be made out of it.
3. Planning School Events.
Popular, social and outgoing students should take advantage of their networking skills to generate money. What is the point of having over a 100 actives friends if you can’t make any money from them? Student are the wildest party people so if you excel in networking you should think about planning events, school activities and parties for a fee.
As a student, you must own a laptop and a cell phone. With a laptop and a good internet connection, students should be learning new skills such as graphic design, writing resume, articles, web development, installing software and much more. These skills can be later on, rendered as a service through their network in school, online or local markets.
Social and outgoing students who have a huge presence on social media, should be applying for marketing jobs or becoming marketers for small businesses. The idea is to advertise other businesses products through their network and make a commission on every sale. It shouldn’t take more than an hour a day, and all the work can be done on social media.
6. House Cleaning, Laundry and Ironing Services.
Offering house cleaning, laundry and ironing services at your spare time can turn out to be very lucrative if you put hard work into it. Look for houses around your area and offer your services, run it as a business instead of a part time job and you will experience unimaginable growth.
Are you a bright student? Do you have the ability to learn and understand any school topic faster than your mate? Why not teach other students at your spare time? Not every student has the gift to be sharp in school and it is an opportunity for any smart student to start making cool cash. Start a study group, help your mates for homework, exams and charge a fee for your services. Teaching high school students is also recommended and easier.
8. Car Washing.
Another cool way of making quick cash, just like the tip #6 is : Trying to look for cars or bikes to wash around your neighborhood, among your mates your professor or relatives. Great chances are that you find a customer daily.
If you love kids, then you should think about babysitting from time to time and provide teaching to those kids. An amazing experience which can lead you perhaps to become a primary school teacher or get into the education field.
10. Entertainment, Follow your passion.
A very tricky tips if you ask me, I have met a student who was enrolled in a bachelor of economics a while back and he was performing at shows as a comedian to make a living. I used the word tricky because it can easily become a distraction to students and mislead them into dropping out of school. Otherwise they should explore the opportunity to work for their passion at their spare time which is a good way to reduce stress and have fun. Quick examples of passion: painting, poetry, song writing, producing, making beats, fashion and much more.
Although, student in Nigeria have zero to little free time at hands, there are still few ways to start and run a business and start earning money from it. This article was one of the hardest to write so far as I had come to realize the sad truth that student don’t have much time to run a business but some do and are great at multitasking. These few tips should be well looked into and exploited to the fullest.
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