E-commerce Business Ideas in Nigeria: Top 6 Best for Young Entrepreneurs
Are you looking for e-commerce business you want to start with little capital in Nigeria? Search no more as we have made a complete research and come up with these six that require little capital, minimal or no experience, to build. E-commerce is one of the largest online business in the world today. Many have been successful in the industry and so many more are becoming gurus doing all possible stuffs to build on their ideas. In fact, in an article published by South China Morning Post, Jack Ma, Chairman of Alibaba Group, a $400 billion retail company, predicted the future of e-commerce. In a letter he wrote to Alibaba shareholders, he said; “We anticipate the birth of a re-imagined retail industry driven by the integration of online, offline, logistics and data across a single value chain”.
In the African market, especially Nigeria, it has made a major statement since its mainstream entry in 2012. Tunde Kehinde’s Jumia is one of the best e-commerce store in the country, with over 20 retail shops across Africa and more than 3000 employees.
Why e-Commerce Business?
For some people, the idea of starting a small business online is a dream. Fortunately, it is a dream that many people have successfully turned into a reality. With the advent of the internet, online businesses have become more popular with smart entrepreneurs reaping the fruits internet has presented to them.
But as Shabbir Nooruddin, puts it; “the single biggest mistake entrepreneurs make when choosing their first e-commerce niche is they don’t do enough research (I know I didn’t!). Often, a niche may look promising from far away, but as you get deeper and deeper in it – usually after launching and investing some money into – more competitors turn up, customers seem a lot more finicky, and it seems a lot more difficult than it actually was.”
Running an e-commerce business means you are most likely to work from home, while it is necessary to get an office facility, it isn’t compulsory. And you have to validate your niche before venturing into the business. If you’re looking at getting into the e-commerce industry and becoming a major player in its early stages, then you’re welcome to this post. Here are 6 rated eCommerce business ideas and opportunities in Nigeria you can be a part of:
Event planning has become one of most lucrative business in Nigeria. Many entrepreneurs right now are diving into the industry. An event whether big or small will always require planning and preparation as families, corporations and organizations involved may not have the time, so they turn to professional event planners to handle everything for them. Individuals seek the help of event planners to turn their events into a memorable and successful one.
Many event planners have home-based businesses, which makes this type of business inexpensive to start. With the wealth of information available online, you should be able to get information on how to start a profitable event planning business.
Travel Booking Website
Heard of Wakanow, Travelstart, and others? They are making wave in the flight booking industry. Travel booking websites sell a range of travel products which include discounted flight and cruise tickets, and also travel packages. People want easy way of getting flight tickets. And it’s your job to do the hard work while you charge them for your efforts. Most often, customers will use your website to search discounted deals on hotels, accommodation and flight.
Are you good with writing? Do you write just to please yourself? Time to turn your writing skills into money machine. An ebook is a book publication made available in digital form, consisting of text, images, or both, readable on the flat-panel display of computers or other electronic devices. Although sometimes defined as “an electronic version of a printed book”, some e-books exist without a printed equivalent.
eBooks are becoming the more standardized way to gain information on a certain areas of interest. Thousands of people download and sell ebooks daily that address certain niches like programming, social psychology, business, and more, writing a highly valuable eBook to sell through online book publishers like Amazon is a lucrative eCommerce business idea to start up.
Can you count the number of websites being created daily? Of course, no! Everyone of us have lost count. Hey, if you know HTML and have a good eye for design, you can launch a service to create attractive, easy-to-use websites for small businesses. Put your skills to good use for business owners who want to take their online presence to the next level. Build a comprehensive portfolio, and then create your own website to show it off and attract a steady stream of clients.
Starting a blog is one of the easiest online e-commerce business anyone can start. But if you want to make a mark in your niche, you have to be dedicated. Creating blog contents is tasking. But the best thing about this business, is that you don’t have to post content daily on your blog. With the freedom to create your own blog and style it the way you desire, you can completely personalize your blogging experience and reach millions of people across the world. The larger the audience, the higher the chance you have at creating a successful business out of it.
Content is the core aggregator that binds information sharing. Academic writings such as research paper writing, and essay writing will never go out of context. The dynamics of the current market requires professional writers to churn out engaging contents. You can build a platform to connect to prospective clients, or to connect other freelance writers to prospective clients. Heard about fiverr? Is one major platform for freelancers. Many blog owners are looking for freelance writers. Put your talent to work and begin to feed off from it.
I am the Founder and President of Young Leaders Arena. Formerly I was the Chief Editor and program co-ordinator at Walktall. Author of the upcoming Book; Success Recipe: Start up Tool-kit for exceptional business growth. I have written numerous articles on both leadership, business start up, entrepreneurship. I have served as thought leader in many societies and organisations, including the Forum on Extractive Industries Transparency Initiative. I obtained my post graduate from the prestigious University of Port Harcourt. I also have a Bachelors from the Delta State University, Abraka. Twitter & Instagram: @Charlessholokwu