₦airaland Forum

delivite:
A few days ago, the IMF confirmed what everyone had feared for a long time now – Nigeria has officially slipped into recession. There is widespread anger, despair, confusion and frustration. We see massive loss of jobs, companies are shutting down and aspiring entrepreneurs put their business ideas on hold to see how things turn out.

I'm a wealth evangelist. I don’t know what the government should or should not do to get the country out of recession and frankly, I don’t think it’s my job. What I do know is: in the face of economic adversity, there are endless opportunities for the smart entrepreneur to make money. The purpose of this article is to bring those opportunities to your attention.

THE ONLY WAY TO SURVIVE IN A RECESSION IS TO MAKE MORE MONEY!

1. FOOD BUSINESS
Food business, in any capacity, is evergreen. People must eat. There are some ways you can get involved in the food business. You can set up a small restaurant. If you focus of quality and best service, you will never run out of business. You can also start an outdoor catering service for weddings, events and whatnot. Here is a first-hand account on how to start a small catering business. If cooking is not your thing, you can start foodstuff business as a wholesaler or retailer. You can also export foodstuff to other parts of the world. No matter how you decide to start, food is a necessity and that is why it is at the top of the list.

2. TRANSPORTATION
Transportation is another sector that booms in a recession. With increased fuel prices, massive loss of jobs and high inflation rates, some people would prefer public transport over driving their own cars. You can tap into this opportunity and drive your way out of recession. I know a lot of bankers who lost their jobs and started a taxi service business out of their savings. They earn more now than they did at the bank. Companies like Uber are changing the way people think about taxi service business. If you cannot afford a vehicle, you can enter into a hire-purchase deal with someone who can afford it. With determination and focus you make progress and get a vehicle of your own.

3. TECHNOLOGY BASED SERVICES
Following Mark Zuckerberg’s visit to Lagos, the Nigerian tech industry has come under the spotlight after the Facebook founder’s interest in companies like Andela and CCHub. The future is tech! People need more creative and automated ways of getting things done. You don’t have to be a tech geek to tap into this industry growth. You can take part as an angel investor and partner with tech founders who are in need of capital investment. Vc4a.com offers you such opportunities to locate and invest in emerging tech startups.

4. INFORMATION MARKETING
Information is the most expensive commodity in the world. Recession is usually a time of confusion. Prices are skyrocketing, jobs are being lost and a lot of people are wondering: what do we do next? How do I get another job? How do I get more money to make ends meet? How do I stay ahead of the competition in business? If you have valuable information that answers any of the questions above, you are in business. How to go about it? Start a blog, organize seminars, package your information product (e-book, videos, podcasts, and webinars, etc) and people will pay you to get them. In a later article, I will show you everything you need to start your own information marketing business.

5. FREELANCING
Freelancers never go out of business. There are lots bloggers who have no time to write, companies who need better copywriters, startups who need graphics designers, etc. Whatever you are good at, there are people who are willing to pay you for it. Nigerians make money on sites like Fiverr and Upwork. Fiverr is a great platform for freelancers to make money and has become rather very competitive lately because more people are getting into the system. People who have been there for long usually provide training for starters, helping them stay ahead of the competition and make more money. Emmanuel Riches (+234 803 385 5240) is one of such people. If you need training on getting started with Fiverr, get in touch with him. SourceGig is a freelance sites for Nigerians. It’s not as busy as Fiverr which is also a good thing. You can sign-up with them and get early bird’s advantage.

6. FMCG MANUFACTURING
Fast Moving Consumers Goods (FMCG) are products people use daily like Soaps, tissue paper, toothpicks, matches, etc. If you can find what people need, especially items they used to import, and offer same quality and standard in Nigeria, you are in business. Nigerians are learning to buy Naija to grow the Naira. Dangote, the richest man in Africa, realized the huge potentials in this lucrative sector and has largely dominated the FMCG market. Fortunately you don’t have to be a Dangote to start FMCG production. This entrepreneur started his tissue manufacturing company 5 years ago from almost nothing.

7. FINANCIAL ADVISORY
If you are a financial expert, you can advise people on how to make wise investments. A banker who just lost his job would be faced with the question of what to do next. So would an importer who just lost business because of the embarrassing forex situation. You can start a small consulting firm to fill this need. You can also set up yourself as an expert in this field by starting a blog that educates people on what to do with their money. Starting a blog is easier than you may think. You can contact me and we will get started creating your own money-making blog in no time.

8. EXPORTATION
You can export commodities to other countries and make money. To export or not to export is no longer the question. The question is how to export. There are lots of materials available on how to start your own exportation business. Over time, we will make those information available here.

9. AGRICULTURE
I am a strong advocate of agriculture as a tool for economic diversification and prosperity. There is something in agriculture for everyone no matter the budget or ability. To get you started, I put together a list of 50 agricultural business ideas for entrepreneurs. There’s bound to be something in there that will make you rich.

10. REAL ESTATE
Importers who cannot import anymore because of the FOREX instability usually take their money and invest in real estate. Your part could be to advise them on where to get the best deals and where to get available property for purchase.

11. FUNERAL SERVICES
This is one of the most underutilized business sectors in Nigeria. Probably has to do with the fact that they deal mostly with dead people. But for those who are able to get around it, funeral services is really a lucrative source of income no matter the economic weather.

12. SPORTS BETTING
I don’t advocate gambling as a business model. But having a shop where gamblers gamble is one of the most lucrative businesses yet because people turn to betting as a means of raising easy money. You can start as an agent with a sports betting agency and work your way up from there.

13. ENTERTAINMENT BUSINESS
Entertainment is another sector that sees progression in a recession. You don’t have to be a comedian or an artiste to get involved. You can organize an event that pulls artistes and comedians. People will pay you just to make them laugh and have a good time.

This post features excerpts from my latest blog post: http://www.nextnaijaentrepreneur.com/recession-proof-business-ideas/

mhisbliss:
what if your father bets full time without any other job, honestly will u be proud of him?

Adex097:
Baba, church business ain't as lucrative as before again o. The market has been saturated. People no longer go to church , the few wey still dey go no dey pay tithe. Guy, na only those pioneer pastors and GOs still dey make small money.

mhisbliss:
ok, it was good until you mentioned sports betting and funeral services so officially you're advising us to be gamblers or wierdos capable of tearing people's guts, yuck I'll pass

delivite:
Why does everyone focus on betting? There are 13 ideas there. The post does not endorse nor condemn betting. It's only business ideas for entrepreneurs to prosper. Whether you bet or not is entirely up to you.

engrshakespeare:
It made front page, I have a feeling, the threads are not read, just based on title

delivite:
A few days ago, the IMF confirmed what everyone had feared for a long time now – Nigeria has officially slipped into recession. There is widespread anger, despair, confusion and frustration. We see massive loss of jobs, companies are shutting down and aspiring entrepreneurs put their business ideas on hold to see how things turn out.

I'm a wealth evangelist. I don’t know what the government should or should not do to get the country out of recession and frankly, I don’t think it’s my job. What I do know is: in the face of economic adversity, there are endless opportunities for the smart entrepreneur to make money. The purpose of this article is to bring those opportunities to your attention.

THE ONLY WAY TO SURVIVE IN A RECESSION IS TO MAKE MORE MONEY!

1. FOOD BUSINESS
Food business, in any capacity, is evergreen. People must eat. There are some ways you can get involved in the food business. You can set up a small restaurant. If you focus of quality and best service, you will never run out of business. You can also start an outdoor catering service for weddings, events and whatnot. Here is a first-hand account on how to start a small catering business. If cooking is not your thing, you can start foodstuff business as a wholesaler or retailer. You can also export foodstuff to other parts of the world. No matter how you decide to start, food is a necessity and that is why it is at the top of the list.

2. TRANSPORTATION
Transportation is another sector that booms in a recession. With increased fuel prices, massive loss of jobs and high inflation rates, some people would prefer public transport over driving their own cars. You can tap into this opportunity and drive your way out of recession. I know a lot of bankers who lost their jobs and started a taxi service business out of their savings. They earn more now than they did at the bank. Companies like Uber are changing the way people think about taxi service business. If you cannot afford a vehicle, you can enter into a hire-purchase deal with someone who can afford it. With determination and focus you make progress and get a vehicle of your own.

3. TECHNOLOGY BASED SERVICES
Following Mark Zuckerberg’s visit to Lagos, the Nigerian tech industry has come under the spotlight after the Facebook founder’s interest in companies like Andela and CCHub. The future is tech! People need more creative and automated ways of getting things done. You don’t have to be a tech geek to tap into this industry growth. You can take part as an angel investor and partner with tech founders who are in need of capital investment. Vc4a.com offers you such opportunities to locate and invest in emerging tech startups.

4. INFORMATION MARKETING
Information is the most expensive commodity in the world. Recession is usually a time of confusion. Prices are skyrocketing, jobs are being lost and a lot of people are wondering: what do we do next? How do I get another job? How do I get more money to make ends meet? How do I stay ahead of the competition in business? If you have valuable information that answers any of the questions above, you are in business. How to go about it? Start a blog, organize seminars, package your information product (e-book, videos, podcasts, and webinars, etc) and people will pay you to get them. In a later article, I will show you everything you need to start your own information marketing business.

5. FREELANCING
Freelancers never go out of business. There are lots bloggers who have no time to write, companies who need better copywriters, startups who need graphics designers, etc. Whatever you are good at, there are people who are willing to pay you for it. Nigerians make money on sites like Fiverr and Upwork. Fiverr is a great platform for freelancers to make money and has become rather very competitive lately because more people are getting into the system. People who have been there for long usually provide training for starters, helping them stay ahead of the competition and make more money. Emmanuel Riches (+234 803 385 5240) is one of such people. If you need training on getting started with Fiverr, get in touch with him. SourceGig is a freelance sites for Nigerians. It’s not as busy as Fiverr which is also a good thing. You can sign-up with them and get early bird’s advantage.

6. FMCG MANUFACTURING
Fast Moving Consumers Goods (FMCG) are products people use daily like Soaps, tissue paper, toothpicks, matches, etc. If you can find what people need, especially items they used to import, and offer same quality and standard in Nigeria, you are in business. Nigerians are learning to buy Naija to grow the Naira. Dangote, the richest man in Africa, realized the huge potentials in this lucrative sector and has largely dominated the FMCG market. Fortunately you don’t have to be a Dangote to start FMCG production. This entrepreneur started his tissue manufacturing company 5 years ago from almost nothing.

7. FINANCIAL ADVISORY
If you are a financial expert, you can advise people on how to make wise investments. A banker who just lost his job would be faced with the question of what to do next. So would an importer who just lost business because of the embarrassing forex situation. You can start a small consulting firm to fill this need. You can also set up yourself as an expert in this field by starting a blog that educates people on what to do with their money. Starting a blog is easier than you may think. You can contact me and we will get started creating your own money-making blog in no time.

8. EXPORTATION
You can export commodities to other countries and make money. To export or not to export is no longer the question. The question is how to export. There are lots of materials available on how to start your own exportation business. Over time, we will make those information available here.

9. AGRICULTURE
I am a strong advocate of agriculture as a tool for economic diversification and prosperity. There is something in agriculture for everyone no matter the budget or ability. To get you started, I put together a list of 50 agricultural business ideas for entrepreneurs. There’s bound to be something in there that will make you rich.

10. REAL ESTATE
Importers who cannot import anymore because of the FOREX instability usually take their money and invest in real estate. Your part could be to advise them on where to get the best deals and where to get available property for purchase.

11. FUNERAL SERVICES
This is one of the most underutilized business sectors in Nigeria. Probably has to do with the fact that they deal mostly with dead people. But for those who are able to get around it, funeral services is really a lucrative source of income no matter the economic weather.

12. SPORTS BETTING
I don’t advocate gambling as a business model. But having a shop where gamblers gamble is one of the most lucrative businesses yet because people turn to betting as a means of raising easy money. You can start as an agent with a sports betting agency and work your way up from there.

13. ENTERTAINMENT BUSINESS
Entertainment is another sector that sees progression in a recession. You don’t have to be a comedian or an artiste to get involved. You can organize an event that pulls artistes and comedians. People will pay you just to make them laugh and have a good time.

This post features excerpts from my latest blog post: http://www.nextnaijaentrepreneur.com/recession-proof-business-ideas/

delivite:
Sorry...This is the link: http://www.nextnaijaentrepreneur.com/agriculture-business-ideas/

Ifebazz:
Have you seen any bundle of money that had written how it was made all over it? Sports betting is an industry of its own and it has started long before you were born. Funeral services too. Maybe deceased people should be left to rot everywhere for you to appreciate them.
He even forgot to write 'shit business'.

andyjagga:
U fit REST...defrontpageurselfasap...na only sports bet u see there...e be lyk say Bet9ja collect ur bride price 4rm ur fiancee...lol
#vexersloyakillme

ayamAgenius:
Do you have to being his father into this? Do you?

imoh070:
You should read before you make wrong comments.

Adex097:
Baba, church business ain't as lucrative as before again o. The market has been saturated. People no longer go to church , the few wey still dey go no dey pay tithe. Guy, na only those pioneer pastors and GOs still dey make small money.

delivite:
A few days ago, the IMF confirmed what everyone had feared for a long time now – Nigeria has officially slipped into recession. There is widespread anger, despair, confusion and frustration. We see massive loss of jobs, companies are shutting down and aspiring entrepreneurs put their business ideas on hold to see how things turn out.

I'm a wealth evangelist. I don’t know what the government should or should not do to get the country out of recession and frankly, I don’t think it’s my job. What I do know is: in the face of economic adversity, there are endless opportunities for the smart entrepreneur to make money. The purpose of this article is to bring those opportunities to your attention.

THE ONLY WAY TO SURVIVE IN A RECESSION IS TO MAKE MORE MONEY!

1. FOOD BUSINESS
Food business, in any capacity, is evergreen. People must eat. There are some ways you can get involved in the food business. You can set up a small restaurant. If you focus of quality and best service, you will never run out of business. You can also start an outdoor catering service for weddings, events and whatnot. Here is a first-hand account on how to start a small catering business. If cooking is not your thing, you can start foodstuff business as a wholesaler or retailer. You can also export foodstuff to other parts of the world. No matter how you decide to start, food is a necessity and that is why it is at the top of the list.

2. TRANSPORTATION
Transportation is another sector that booms in a recession. With increased fuel prices, massive loss of jobs and high inflation rates, some people would prefer public transport over driving their own cars. You can tap into this opportunity and drive your way out of recession. I know a lot of bankers who lost their jobs and started a taxi service business out of their savings. They earn more now than they did at the bank. Companies like Uber are changing the way people think about taxi service business. If you cannot afford a vehicle, you can enter into a hire-purchase deal with someone who can afford it. With determination and focus you make progress and get a vehicle of your own.

3. TECHNOLOGY BASED SERVICES
Following Mark Zuckerberg’s visit to Lagos, the Nigerian tech industry has come under the spotlight after the Facebook founder’s interest in companies like Andela and CCHub. The future is tech! People need more creative and automated ways of getting things done. You don’t have to be a tech geek to tap into this industry growth. You can take part as an angel investor and partner with tech founders who are in need of capital investment. Vc4a.com offers you such opportunities to locate and invest in emerging tech startups.

4. INFORMATION MARKETING
Information is the most expensive commodity in the world. Recession is usually a time of confusion. Prices are skyrocketing, jobs are being lost and a lot of people are wondering: what do we do next? How do I get another job? How do I get more money to make ends meet? How do I stay ahead of the competition in business? If you have valuable information that answers any of the questions above, you are in business. How to go about it? Start a blog, organize seminars, package your information product (e-book, videos, podcasts, and webinars, etc) and people will pay you to get them. In a later article, I will show you everything you need to start your own information marketing business.

5. FREELANCING
Freelancers never go out of business. There are lots bloggers who have no time to write, companies who need better copywriters, startups who need graphics designers, etc. Whatever you are good at, there are people who are willing to pay you for it. Nigerians make money on sites like Fiverr and Upwork. Fiverr is a great platform for freelancers to make money and has become rather very competitive lately because more people are getting into the system. People who have been there for long usually provide training for starters, helping them stay ahead of the competition and make more money. Emmanuel Riches (+234 803 385 5240) is one of such people. If you need training on getting started with Fiverr, get in touch with him. SourceGig is a freelance sites for Nigerians. It’s not as busy as Fiverr which is also a good thing. You can sign-up with them and get early bird’s advantage.

6. FMCG MANUFACTURING
Fast Moving Consumers Goods (FMCG) are products people use daily like Soaps, tissue paper, toothpicks, matches, etc. If you can find what people need, especially items they used to import, and offer same quality and standard in Nigeria, you are in business. Nigerians are learning to buy Naija to grow the Naira. Dangote, the richest man in Africa, realized the huge potentials in this lucrative sector and has largely dominated the FMCG market. Fortunately you don’t have to be a Dangote to start FMCG production. This entrepreneur started his tissue manufacturing company 5 years ago from almost nothing.

7. FINANCIAL ADVISORY
If you are a financial expert, you can advise people on how to make wise investments. A banker who just lost his job would be faced with the question of what to do next. So would an importer who just lost business because of the embarrassing forex situation. You can start a small consulting firm to fill this need. You can also set up yourself as an expert in this field by starting a blog that educates people on what to do with their money. Starting a blog is easier than you may think. You can contact me and we will get started creating your own money-making blog in no time.

8. EXPORTATION
You can export commodities to other countries and make money. To export or not to export is no longer the question. The question is how to export. There are lots of materials available on how to start your own exportation business. Over time, we will make those information available here.

9. AGRICULTURE
I am a strong advocate of agriculture as a tool for economic diversification and prosperity. There is something in agriculture for everyone no matter the budget or ability. To get you started, I put together a list of 50 agricultural business ideas for entrepreneurs. There’s bound to be something in there that will make you rich.

10. REAL ESTATE
Importers who cannot import anymore because of the FOREX instability usually take their money and invest in real estate. Your part could be to advise them on where to get the best deals and where to get available property for purchase.

11. FUNERAL SERVICES
This is one of the most underutilized business sectors in Nigeria. Probably has to do with the fact that they deal mostly with dead people. But for those who are able to get around it, funeral services is really a lucrative source of income no matter the economic weather.

12. SPORTS BETTING
I don’t advocate gambling as a business model. But having a shop where gamblers gamble is one of the most lucrative businesses yet because people turn to betting as a means of raising easy money. You can start as an agent with a sports betting agency and work your way up from there.

13. ENTERTAINMENT BUSINESS
Entertainment is another sector that sees progression in a recession. You don’t have to be a comedian or an artiste to get involved. You can organize an event that pulls artistes and comedians. People will pay you just to make them laugh and have a good time.

This post features excerpts from my latest blog post: http://www.nextnaijaentrepreneur.com/recession-proof-business-ideas/

huntax:
Great write up and very impressed with the way you took your time to type these all out. I'd like to learn how to start up a blog. How could you help me on that?

mhisbliss:
ok, it was good until you mentioned sports betting and funeral services so officially you're advising us to be gamblers or wierdos capable of tearing people's guts, yuck I'll pass

delivite:
5. FREELANCING
Freelancers never go out of business. There are lots bloggers who have no time to write, companies who need better copywriters, startups who need graphics designers, etc. Whatever you are good at, there are people who are willing to pay you for it. Nigerians make money on sites like Fiverr and Upwork. Fiverr is a great platform for freelancers to make money and has become rather very competitive lately because more people are getting into the system. People who have been there for long usually provide training for starters, helping them stay ahead of the competition and make more money. Emmanuel Riches (+234 803 385 5240) is one of such people. If you need training on getting started with Fiverr, get in touch with him. SourceGig is a freelance sites for Nigerians. It’s not as busy as Fiverr which is also a good thing. You can sign-up with them and get early bird’s advantage.


This post features excerpts from my latest blog post: http://www.nextnaijaentrepreneur.com/recession-proof-business-ideas/

C4Ltd:
Nice post... nice blog. You must be familiar and sure of the at the emboldened; I'd like to get in touch.

SourceGig How do we get in

webarse:
I just sent you a pm, kindly send me your number so we can discuss... I see POTENTIAL.

tunary:
good ideas, but how can one activate one of the ideas without capital?

obiaguna:
Good suggestions you have listed. I have been looking to start something along the food line but not normal food though. I'm looking at grills and finger foods. Is it possible to start it and still keep my full time job?

waslite:
i must commend delivite for ds wonderful write-up especially at ds point of recession. people think the world is over bcus of recession bt trust me that isn't true.they say every disappointed is a blessing.i feel ds period is an opportunity for us to get it right as a nation.bekieve in our products( buy naija to grow naira). we can blame the govt bt it doesn't solve it. Let's us join hand and think of how to b productive. Yes, we r bless with a lot of resources . let's make it work.

As for am projecting mysef on wat to invest in . Agric is a gud way to

@ delivite I look forward to ur next article.thanks

delivite:
This is not a debate on betting. It's for people who are open to the business. It's not encouraging anyone to bet or not to bet. But people who bet don't need any motivation. People who don't bet dont need to start.

Again, it's not a debate on betting. Only some business ideas for entrepreneurs to prosper.

Funny you hinged on number 12 out of the entire list...