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Make Your First Million In Nigeria With These 5 Everyday Commodities

Nigeria Student Forum / General Discussion / Make Your First Million In Nigeria With These 5 Everyday Commodities

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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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This strategy am about to show you is what most billionaire
like Dangote implement in carrying out their business around
the world.
They try to identify what people need and sell to them at a
cheaper price. Take for instance people are can't do without
sugar, salt, cement and the likes because they are used
every blessed day.
You are not likely to go out of business if you can identify
what people really need. The below products have
been choosen critically for you as they are in high demand.
Without wasting much of our time let dive in to check them
out immediately...
1. Liquid Soap Detergents
We all know how highly the demand for bathing and
washing soaps are in the market. Whether liquid or solid
they are all never going to run out of customers. So if you
are still thinking of what to venture into I would gladly advise
you consider soap production.
2. Power Bank
Not many people knows about the viability of this business.
It is no news that the epileptic power supply ravaging the
country calls for a new source of energy. And in this case
people are now taking to power banks and solar panels to
charge their phones and power their company. You may not
be able to produce power banks but you can order them
from online stores such as 1688, AliExpress and the likes.
3. Hair Extension
Hair extension is another viable business that is never likely
to go out of trend. Everyday there is a single lady out there
waiting to put up synthetic extension to maximize her
beauty. And most of this artificial hairs are very expensive
with price ranging from 10k to 100k for a single weavon.
So if you are a lady reading this, you can try out this
business.
3. Shoes and clothes
Right now you are putting on clothes or even though you
are not; you wouldn't be walking the street naked right? The
demand for foreign clothes and shoes by Nigerians is so
high that they no longer patronize locally made wears. As a
new business man or woman trying to venture into this
business, I would gladly advise you import or make your
clothing business unique to maximize the opportunities
available in this industry.
4. Make ups and Cosmetics
This is another growing industry with the potential of
reaching 50 billion dollars in the coming years. Most ladies
can't do without putting up make ups on their face. And to
others it is a norm and tradition to wear make ups whether
they are going out or not. This create a new opportunity for
those seeking to try out the cosmetic industry.
5. Computers and phone accessories
The demand for phones, laptops and tech gadgets is on
the rise; most especially among Nigerian youths. Items such
as memory cards, flash drive, phone accessories such as
charger, ear piece etc are in high demand. You are never
going to run out of customers as most Nigerians are either
changing their phone, laptop or buying new gadgets to
enhance their life.
Finally, there you have the 5 most highly demanded
products in Nigeria. I would you make your own research to
understand your choosen industry better.
Kindly send us your feedback below for clarification or
recommendation. And don't forget to hit the share and
follow button to get notified immediately a new business
post like this goes live.

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