What Is The Easiest Business to Start in Nigeria?
- Yakubu Binuyaminu Adeiza
- June 5, 2022
- Business, Content Creation, Make Money Online
- 0 Comments
People often ask, “What is the easiest Business to Start in Nigeria?” so the answer from my own end will be “Content Creation”, Yes! Content Creation is the easiest Business to Start in Nigeria.
Content Creation is the Easiest Business to Start in Nigeria because most of of the content creation platforms in the world are completely free, have a low entry barrier, and they are very popular these days. As a result, many content creator have been able to make huge amount of money, so with the right strategy and plans in place, you can turn content creation to passive income stream and a full-time business.
You also have to bear this in mind, just because Content Creation is the easiest business to start in Nigeria doesn’t necessary means that it is always the most successful one to start or the best choice.
The downside of this business is that anyone can start it, thus, there is always a lot of competition to face while starting out.
3 Types of Content Creation Business
- Text Based Content Creation (Blogging)
- Video Based Content Creation (Vlogging)
- Audio Based Content Creation (Podcast)
However , if you are looking for a way to earn money on YouTube in Nigeria, perhaps can read my full guide to making money on YouTube in Nigeria here, become a full-time blogger, or even start a podcast, all these are entirely possible, focussing on Online Businesses happens to be the best options for entrepreneurs to look into.
Starting any online business in Nigeria have a fantastic opportunity for scalability. However, due to the ease in setting up this business, it has open the way for lots of competition, you have to work hard and fight for your own space to excel in. These competitions are not only the Nigerians in this particular space but from other entrepreneurs outside Nigeria trying to penetrate into the Nigerian market. Therefore you need to plan to choose a niche that you can easily create content around, as that is the best way to stand out of the crowd.
The most challenging part of starting a business in Nigeria, or anywhere in the world often involves much research, business registrations with the government, acquiring license from the government for the particular industry you want to operate getting (e.g. NAFDAC registration number for Medicine and food industry, or CBN license for financial institutions) etc. Therefore easiest business to start doesn’t require, much research, no licenses, and do not require any special government approval.
In most cases right, when we ask most entrepreneurs the vital question of which business they think is the easiest business to start in Nigeria, their answers do vary from person to person, and this is only because individual’s experience play a vital role in deciding which business they feel like is the easiest for them.
How Can I Start Content Creation Business?
You can actually start a blog today and make money follow my guide on this, you can start vlogging on YouTube, Facebook or TikTok today, due to the ease of starting these platforms can offer you. Don’t only limit yourself to only content Creation you still explore other businesses that are easy to start out there.
Thanks for reading please do ask me your questions in the comment section below and share with friends and family.