While there are plenty of ways to go about starting a home-based business, the following are some of the most approachable paths to creating a home business for yourself.


Buy products in bulk and sell them online




Have you had to travel abroad and found a product that you think will be in high demand in your locality? Why not buy them in bulk and sell in bits? This is a very good way to make money online and from home.This is how many online marketers made thier first sale online.



So get a product, bulk in bulk, sell in bits and rake in the money.



Sell homemade products


In case you're a creator yourself (or know somebody who is), think about transforming that interest into a business. Regardless of whether you need to make your items somewhere else—in a studio, business kitchen, or workshop—you might have the option to store and sell them in your own home.



At the point when you can handle essentially every part of the items you sell, you can make them more financially savvy, improve their quality, or cook them to a specific crowd by focusing on interest on the lookout.



Whether you choose to start on a marketplace like Etsy or build your own branded storefront, selling your creations is a great way to share your passion with others and make money too. Just be wary of regulations concerning products that customers ingest or put on their skin.



Start a Dropshipping store


At its core, dropshipping involves becoming a distributor of a third party's products, taking on the costs (both financial and time-based) of marketing to be rewarded with the margins when you make a sale. In many cases, this can make your products a commodity with limited opportunity to brand your customer experience. Luckily, there are a few different ways you can still compete, even when there’s no shortage of your products in the market you’re selling in:


Curate products from different suppliers to create a store that serves a specific niche.

Compete through quality content and customer service, creating value beyond your products.

Target an underserved region of the world. (Be sure to pay attention to your shipping costs.)

Target a new audience with the same products (e.g., LED shoes can be marketed to music festival goers or runners).



Example of where to start this is www.shopify.com



Offer Online Services





A host of businesses that can be offered online includes

House cleaning

Freelance writing

Personal training

Virtual assistance

Dog walking

Marketing

Designing



Cosmetics Production Business




If you are a lover of beauty, then going into the cosmetics business will be a great deal for you. For you to do well in this business in Nigeria, you will need to engage in some deep research.



Why is this of great importance? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.



Mini Farming Business



Farming being of the oldest professions in the world is still very relevant till today. With a small space of land to Hectares of land, you can make something productive.


Tomatoes farming is a good example.However, before you start the tomatoes business in Nigeria, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand.



Also, they will let you know the varieties that are patronized best. You will also need to ensure that the seeds you finally pick will grow well.



Gym Outfit


Who doesn't like to look good? Well, I like to keep in shape and so does millions of other people. Gyming has a lot of health benefits.
If you are a fitness and health enthusiast, then you can look towards starting a gym-related business in Nigeria. You will need to have enough finance to equip your gym centre.





Blogging



If you can write or have the capacity to learn how to write, start a blog. Blogging is a good way to make money online in Nigeria. All you need is internet access, good research skill, an interest, and a laptop and a lot of time. Your most important and perhaps expensive investment in a blogging career is your time.


Also, since you would want people to find your blog posts without manually promoting it all the time, you would need to learn how to optimize your posts for search engines like Google or hire the services of an SEO Expert.



Set up a free blog with WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.



Sale of Mobile Phone Accessories


In spite of your location, phone accessories will always be in high demand except people stops using mobile devices. Accessories such as the screen guards, pouches, stickers, batteries, memory cards etc


A small space is required with a reasonable capital to start.



Mobile Phone Repairs


This is a business idea that will fetch you good money if you are patient to learn how to repair and maintain mobile phones. With less than N50,000 you can start a phone repair and maintenance business in Nigeria.


All you need to start is a little training, a laptop, software tools, some regular home tools (screwdriver, soldering iron, brush, battery tester, etc.) and some marketing to let people know what you do. You will also need to develop good relationships with dealers of quality accessories. With as low as N5,000, you can purchase a repair kit from any eCommerce stores. Just make payment with your debit cards, or from a local store and you’re ready for business.



Rental Services



People constantly need things that they do not possess. Some of the things you can start contracting out includes chairs, canopies, vacuum cleaners, cutleries, cooking utensils, music box, ladder, etc. Once you are known to be engaged in this business in your environment, you may not be able to meet demand.


If you have an interesting range of expensive gadgets or equipment, you might consider exploiting them for side income businesses hiring them out on hourly use basis. If the business gets going, you can add more items as you discover what people like renting. Prepare a leaflet, advertise in a local newspaper or use social media to announce your services.



It's also noteworthy that this business is capital intensive though you can start with little amount and grow in the process.