8 Daily Income Businesses in Nigeria & Starting Costs

If you’re one of those Nigerians tired of having to work from 9 to 5 and then collecting your salary at the end of the month, and you’re looking for daily income businesses in Nigeria that will fill your pocket, then you’re on the right page.

daily income business in nigeria

Daily Income Business Ideas in Nigeria

This article lists out all the business ideas you can try out including those that will require little capital to startup.

1. Barbing Saloon

The barbing saloon business is a very profitable venture in Nigeria wherever you find yourself. The business could bring you earnings of up to N3,000 daily for just handling six people (if you place the price of a haircut at N500) which gets even better on weekends like Saturdays and Sundays. You will not just make money from cutting hair but also trimming and dyeing hair. This business can lead to huge income if set in the right place.

The location will determine your income which would be most lucrative and one of the reasons why opening a barbing saloon is one of the best daily income businesses In Nigeria.

Setting up the business won’t require much. You will need to rent a place that should cost not less than N80,000 depending on the location. You will also need to purchase clippers and set up your working station. Getting everything in place might cost you as much as N300,000.

Take note that you would need to make a huge sign to attract customers to your shop. To get more customers, you can offer more affordable prices than your competitors and then move the price up after a while.

2. Laundry and Dry Cleaning Services

If you want a daily income business that won’t require much to start, then laundry and dry cleaning service might be what you’re after. Setting up this business can cost you anywhere from N100,000 to N1,000,000 depending on how classy you want it to look.

Most of the cost would come from renting an office space, purchasing a generator, washing machine, pressing iron, setting up a rope line, as well as designing the office. To save costs, you can use your office as a home, wash by hand, and use your home pressing iron till you’re able to get enough profit to move the business forward.

The Laundry business will bring you much profit on a daily basis but you’re more likely to earn on weekends so you should expect a lot more work as well as gain.

3. Betting Shop

Gambling is a big deal in Nigeria, a country that prides itself as the Giant of Africa. Nigerians are fond of gambling not just on football but other sports like basketball, tennis, and baseball. However, football remains the most popular sport in the country.

You can open a betting shop by becoming a betting agent for any of the betting companies – Nairabet, Bet9ja, or Merrybet. Setting up such a business would not only require a location but also the needed equipment. You will have to purchase laptops, a powerful generator, computer monitors, and TVs to display the odds. You will also need a printer to print out the games for the day and place them on display. Setting up a betting shop could cost you from N500,000 to N1,000,000 depending on how huge you want the establishment to be.

4. POS Payments Service

If you want to see a profit on a daily basis, then start a POS payment service near a school area where students are far from their banks of choice. The POS business is more likely to grow in such areas and you will find the most competition in these places. POS payment services will bring you income even on Sundays, however, these would usually be small. In the school environment, you can charge as small as N50 per transaction up to N500.

To start a POS business, you must meet some requirements as set by the bank. You will also have to make some financial sacrifices to get the equipment and get approved by the bank. Once everything is set up, you will have to look for a good location to start your business.

5. Makeup Studio

This is another daily income business, however, your earnings would depend on your location. In a school environment, you won’t have to worry about customers. This is a low-capital business that can be started straight from your home but you should move to a shop once you start making a profit. To get customers, you can start advertising your expertise on social media pages. If you’re in a school, focus on school groups to get customers.

You won’t need any form of certification to learn how to apply makeup. In fact, you can watch videos on YouTube and learn without having to spend extra. Starting a makeup studio would depend on what you want. Do you want a store where your clients can be comfortable or do you want to do it at home?

Your very own makeup studio could cost as little as N10,000 or as much as N300,000.

6. Freelance Writing

This is one of the best ways to earn on a daily basis. It is also one of the few businesses that would require little or no income to start. If you’re already a good writer, you can go ahead and sign up on platforms like Fiverr and Upwork. These freelance platforms will connect you to clients looking for your service.

Freelancing writing is more of a skill than a talent which means just about anyone can become a freelance writer. You will need to have a good grasp of American English and British English if you want to succeed in this field. You will also need a laptop and brush up your typing speed. This would help you finish jobs faster and gain the trust of your clients.

As a freelancer, you can earn anywhere from $50 to $2,000 depending on your niche, typing speed, and your ability to execute jobs without errors.

7. Social Media Marketing Agency

Social media marketing involves managing the social media accounts of brands and businesses. As a social media marketer, you will be required to attract more clients through your posts, videos, and images. This business is becoming more lucrative in Nigeria as more businesses move to the internet and rely on social media marketers to get followers.

You can start your career as a social media marketer by signing up on freelancer sites. These platforms will give you some experience and you can use them to perfect strategies that will help you get bigger brands to work with you.

8. Food Vendor (Mama Put)

The restaurant business is another profitable business that would bring your profit on a daily basis. It is also very easy to start and won’t require much capital. In fact, you could make a makeshift restaurant outside your home till you have enough funds to move elsewhere. Depending on how good you want your restaurant to look, it could cost you anywhere from N50,000 to N300,000 to set up.

The restaurant business is heavily reliant on word-of-mouth marketing so you will need to impress your first customers if you hope to make a profit from this business. With time, you will gain more loyal customers and can then expand your menu options.

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