List of Retail and Wholesale Businesses you can start in Nigeria

 

There are numerous lucrative businesses that one can easily start in this land of opportunities known as Nigeria. I’ll list and also explain briefly some of the businesses that you can start.

I’m currently located at Lagos, Nigeria, so this article is based on my view of small and medium scale businesses that Lagos is known for. I’m writing with the hope that you might find it helpful or refer it to someone who may be in need of it.

WEARS AND CLOTHING MATERIALS

There are numerous types or categories of wears and clothing materials business to venture into. However, it’s important that you do a proper research and then decide on the particular one to choose. From my experience, people that engage in this business buys from the importers at the wholesale level or buys from the wholesalers at the retail level. These products are also made locally so the choice is yours to make.  Doing this business on any of these levels most a times depends on your capital base and location.

The requirements are knowledge of the trade, a startup capital and a shop located inside the particular market of your product.

Examples are; men and women’s wears, children’s wears, foot wears, cottons, bed sheets e.t.c.

NB: most people still do this business here in Nigeria without a shop. Some use their homes as their point of sale while others move from one place to another.

PROVISIONS 

Provisions are another retail and wholesale business one can start here in Nigeria. There are numerous products that falls under this category. It is also advisable to do a proper research and then decide whether to buy in bulk and sell a combination of different product types or a singular product type.

Most Nigerian companies produce these products and the wholesalers make purchases from them. Examples are; tea, milk, biscuits, soaps e.t.c.

COSMETICS PRODUCTS

Cosmetics products are another widely sought after goods that one should consider selling. These products are produced here in Nigeria but some wholesalers import foreign ones. Examples are; attachments, weavons, hair creams, relaxers e.t.c.

VEHICLE SPARE PARTS

This is a very popular product here in Lagos. Some markets and even a tribe are already known for this business so it’s important that you situate yourself in the market if you intend going into this business. Though I don’t really know much about this business but one thing I know for sure is that it requires huge capital to be kick-started.

If you want to venture into this business, you must first learn the trade.

BUILDING MATERIALS

This is another business that is currently booming in Nigeria. Numerous houses are being built on daily basis so the products are highly needed. To venture into this business, you have to do a proper research and also learn the trade.

FOOD PRODUCTS

Food is one of the basic needs of man so you don’t need to be told about how lucrative this business is. If you do a proper research, you’ll discover that one of your major challenges will be tackling competitions,

ELECTRONICS PRODUCTS

This business is very lucrative as well but just like other businesses, requires that you learn the trade, conduct a proper research and have a sufficient capital base.

ELECTRICAL PRODUCTS

Electrical products are dealt in similar way with electronics.

MUSICAL PRODUCTS

Musical instruments are majorly done on the retail level. One notable thing is that it requires huge startup capital.

PETROLEUM PRODUCTS

Fuel, engine oil and numerous others are examples of products under this category. If you have plans to invest in this sector, then you sure have a lot of research to conduct.

AUTOMOBILES

Importing new and fairly used cars is another business embraced here in Nigeria. You can find out the reason by doing a detailed research.

BEVERAGE PRODUCTS

Soft and alcoholic drinks are in no doubt booming in sales here in Nigeria. Venturing into this business as a retailer or wholesaler are both lucrative.

JEWELRIES

Necklaces, bangles, and other items under this category are in high demand. Nevertheless, it requires that you learn you learn the trade for a specific period.

FURNITURES

Most retailers of furniture products are also the producers. But you can also be a retailer after following due procedures of learning the trade, conducting a proper research and fulfilling other important requirements.

CLOTHING ACCESSORIES

Hangers, dummies and the likes are examples of clothing materials sold separately from the clothes.

STATIONERIES

Stationeries are mostly sold in bookstores over here in Nigeria. So if you have interest in this business, you might as well think of setting up one.

CONCLUSION

Nigeria as a country is a very big market with numerous business activities. As I indicated earlier, I was only providing brief descriptions of the businesses that I listed.

If you are considering starting any of them, it’s important that you do a proper research, ask the right questions and do the right things.

If you have any question or contributions, kindly drop it as a comment below. I believe that you’ll share this article with some of the social network buttons below especially facebook so thanks in advance.