In this article, we will show you some of the best business ideas you can start as a university student in Nigeria to make money. These ideas also work for polytechnic students.
I’m sure you’ve been hearing and doing research on starting a profitable business for a long time. Why not take action right now? Especially during this strike?
Some of the business ideas I’ll mention here are things I currently do for a living.
The importance of money as an undergraduate or poly student cannot be overstated. You will undoubtedly require funds to pay school fees, hostel fees, class dues, money to print and photocopy materials, feeding fees, and other expenses.
As a student, you are very likely to face financial difficulties. These could be the result of parental money-transfer delays. It could also be the result of unanticipated negative events at home. However, preparing ahead of time to support yourself in some way will lessen the effects on you.
Business ideas for university students in Nigeria
This business idea is applicable to all students, whether they are polytechnic or university students! Please read all the way through and take action.
Photocopying and Online Registration
Most students are probably familiar with this business. Doing online registration for your hostel mates, course mates, and even those in secondary school can be very profitable.
Undergraduates, in particular, must complete a large amount of registration. Everything from online course registration to school fee payment and hostel payment is available.
You could do this in your spare time and charge students for it. This can assist you in meeting your minor requirements.
Aside from online registration, you can also have a small photocopying machine for photocopying materials for your classmates. You charge them little money and they pay for it and this can put money into your pocket.
Requirements for Online Registration and photocopying business.
- Photocopying machine
- Laptop or desktop
There is no need to rent a store because you can do this in your hostel room, and you can also move around the hostel informing students of your room number so that they can find you when they require your services.
Most students will print out a small write-up containing all of their online registrations, as well as their contact information, and place it strategically around the school hostel so that any students passing by can read it and save their number.
This is a very simple and easy way to earn money, especially if you have a laptop already.
So, why is that my favorite way to make money on this list? Because that is how I generate my own income. I make money from this website by publishing content. The majority of our revenue comes from advertising. As previously stated.
Blogging is one of the realistic ways to earn money online from Nigeria, and it is still profitable and enjoyable in 2023! Starting a blog isn’t rocket science these days. Anyone can start a blog. However, creating a profitable blog will require time and effort. You may believe that you need a lot of money before starting a blog.
With 15,000 naira, you can actually start a blog. To some, 15K may seem like a lot of money. If you don’t have that kind of money, believe me when I say you can start a blog for free. With the Blogger platform from Google. Starting your site on a self-hosted platform, on the other hand, will give you a lot of customisation and flexibility options.
Is Blogging Lucrative? Without a doubt! As a student, I made at least 200k per month from blogging, and sometimes as much as $500k+. I believe such an amount is reasonable and manageable for any student in Nigeria. In fact, finding a job that pays this well in Nigeria is difficult. However, you can do it while blogging from anywhere.
Dropshipping in Nigeria
Dropshipping is a type of online business that eliminates the need to keep physical products on hand.
All you need to do is set up an online store and work with suppliers who are prepared to store, package, and ship orders to your customers.
Furthermore, you won’t have to spend hours researching merchandise because dropshipping apps can help you find great items to sell.
Guide to Dropshipping
Now, let’s go over some of the fundamentals of dropshipping in Nigeria. We will write the complete guide and notify you. Just make sure you’re a member of our Telegram group.
- Find an opportunity
One of the crucial parts of starting Dropshipping is Picking a niche you fully conversant with will give you some added advantage over your competitors. You won’t notice anything suspicious about the quality of the products, pricing, or anything else unless you have prior knowledge of the industry.
Your business should be something in which you are genuinely interested. This is because a non-focused product range will be difficult to market, and you may lose focus at some point.
- Get a supplier
Using the wrong supplier can ruin your business, so do your homework when looking for a supplier. In Nigeria, most dropshipping suppliers for Nigerian businesses are mostly from China.
- Promote your business
After you’ve decided on a platform for your dropshipping business, you’ll need to promote it using every available method. Having the products people want but not enough promotion to get the product in their faces is bad for business.
You can promote your business by utilizing the available social media marketing and promotional tools. Facebook, Instagram, Twitter, and other platforms have marketing tools that can help any business reach a global audience.
Affiliate marketing is a method of selling products.
Finally, you can sell online without ever creating your own product. Simply sell third-party digital products through what is known as an affiliate advertising program. You earn a commission when a successful sale is made using your affiliate link.
The Amazon affiliate program, for example, pays you a commission for “selling” digital products like ebooks (and physical books) and MP3 downloads. Other dedicated sites that provide similar services include CJ.com, Clickbank, and ShareaSale, where you can find affiliate programs that are relevant to your niche and audience.
Another example is the Expertnaire Affiliate Program, a Nigerian-only affiliate marketing platform that allows you to earn a lot of money on a weekly basis. Simply put, you are compensated for recommending high-value digital products from top experts.
Social media Influencing
Social media influencers are content creators who regularly post engaging content on their various social media accounts and pages.
Social media influencers experiment with various content systems in order to gain followers. Your content can be inspiring, informative, entertaining, or enlightening.
You can help promote brands’ products and services if you have a large following.
Many students are making a lot of money as social media influencers.
The price you charge your customers is almost entirely determined by the quality of your traffic conversion. However, for current pricing guidance, it is recommended that you get close to an influencer who is a business veteran.
In order to be a social media influencer, you will need at least a smartphone with a good camera and microphone to capture content, as well as your creativity. However, you should keep in mind that the primary tools you will require vary. As a social media influencer who has decided to base his content on cartoons, you will need a computer as well as the necessary tools to create cartoons for public shows.
Professional services, of course, are not goods. They are, however, typically sold in the same manner as digital products. It is simply you using your specialized skill to help others.
So, if you’re a graphic designer, web designer, virtual assistant, writer, copywriter, editor, translator, or any other type of online service provider, this is the place to be.
You can list your services on sites like Fiverr or Upwork, where other companies can hire you on a freelance basis.
The benefit of freelancing is that you can earn in foreign currencies while still living in Nigeria. Higher exchange rate means more money for you.
These are some of the realistic businesses you can start and make money in Nigeria regardless of where you study. One thing to keep in mind is that you will need to put in some effort to make money because there is no such thing as free money! We will continue to update this page with the most recent business opportunities for students, so please return frequently.