20 Top Profitable Businesses That Can Instantly Boost Your Riches In 2023 (Update)

I welcome you to this new article. Before I continue with what I have in mind, I wish you Merry Christmas in this new month, December, 2015.

Be prepared with your business ideas you pick for business. It is not a job security you can turn into millions of naira. 

It is not money you can start and turn into millions. It is only one idea you pick and turn into million in dollars or naira.

One (business) idea or information has power. It can turn around your life. It can motivate you to the top if you spend money on good papers daily. 

Top 20 Low-cost Business Ideas With High Profit Daily 

Turning one idea into weekly hundreds thousands or monthly million is possible if you do repeatedly daily. Here you can contact through this information:

1. Honey Business: 

It is a real lucrative business most people do not know.

My friend told me he bought one big jerry can of honey at N12k and resold it, making 32k or 36k as a turnover today and you too can start if you know what to do. 

2. Herbal Business

With this business, you can start making money writing a book about herbal recipes for ailments and selling or you can do to make money selling as an herbal-medicine consultant.

3. Photo Fashionable Hairstyles Business

Many stylists, barbers and or hair makers need a hairstyle snapped booklet, non-date calendar or magazine to display off in their saloon or many ladies who adore their hair need it to show what type of African hairstyles they want stylist to do hairdo on their head.

That gives you an opportunity to make money by printing books or non-date calendar you collated and selling or buying it in bulk and selling it to stylists, barbers and hair makers. It is hot.

4. Coca-Cola & Brewery Distributorship Business: 

Traditionally, many people-poor, average or rich- love spending on party for wedding, coronation, naming-baby ceremony, festival events, etc every day in a year daily even though their country’s poor economy and also restaurants and bar business owners will spend on drinks for their customers in sales. 

It is really hot if you go into that opportunity as a main or mini distributor. But you need a warehouse for great store including a van for distribution transport in zones.

5. Fan Milk Distribution Opportunity: 

Many people in festival sports, in Amusing-Park place, in stadium for political program and or in harmmattan season need fan milk drinks like ice cream and yoghurt for their thirst or enjoy it for fun. 

That is where you come in as a distributor if you want. You need fan-milk equipments like bicycles for boys, freezers, etc and warehouse and then contact fan-milk Company for distributorship application and employ boys.

6. Distributorship Partnership Opportunity: 

Both international and local Companies like Dangote cement, VijuFamily biscuit, Honeywell flour, etc need distributors or representatives to do sales for them. 

That gives you an opportunity to participate in them as a major distributor. Importing or buying distribution goods in bulk and selling wholesale goods as a main distributor can make you money every day if you have good marketing strategies.

7. Agent Business Opportunity: 

Do you know Sir Kesington Adebutu? He is so wealthy. He is such a billionaire. How? He started lotto business as an agent with zero capital and later invested in different opportunities for future multiple harvests. 

So you too can if you look for an opportunity to become a marketing agent, broker, marketer, freelance salesman or a consultant.

8. Electrical-Appliance Opportunities: 

You can make money by buying electrical parts or goods cheap from electrical manufacturers and sell it at wholesale as a distributor. 

Or you can import electrical appliances from China, USA, etc and sell it at distributing price. It is so lucrative.

9. (Used) Phone Accessories Opportunity: 

I read that one lady who owned phone accessories business at Challenge started dancing happily and said thanks to phone manufacturers’ new devices because they made her wealthy. 

It is really hot. You can buy phone cheap at Ikeja Computer Village in bulk or little pieces and sell it at your favourable prices as you wish.

10. Flour Business Opportunity

You can make profit daily from this opportunity as either a cassava-flour processor or flour distributor, relying on how you like. 

It depends on your financial strength whether you want to do as a processor or major/minor distributor. Being demanded for flour is high daily by bakers, confectioners and puff-puff small businesswomen.

11. Consultancy Service Business

The experience and skills gained in your decades of service could be developed and marketed to those that might need to gain from your wealth of experience. 

Having spent decades on a job thus making you know it in and out, you can teach young employees for moderate charges.

12. Educational Support Service

You can make it big in this area of you have a flair for research and academics. A lot of final year and postgraduate students in polytechnics and universities are at a loss on how to get their research work and these done. 

You can key into this especially if you know about statistical packages and questionnaire administration.

13. Foreign Language School

This is your best bet if you have a passion for foreign languages. You are on better footing for this business if you can speak at least one foreign language fluently (it's not too late to learn).

14. Music School

Can you play a musical instrument well? Can you teach others how to play it? Then, you are in your way to making cool money. All you need to do is announce yourself through your fliers and business card. 

15. Transport Business

You can turn your car into a money-machine by using it for transport business. You can either drive the car yourself or give it to someone trustworthy to drive for you. People are excited at the sight of an educated driver/chauffeur.

16. Beauty/Barbing Salon

This is a surely lucrative business and you can't guess the large number of people who patronize beautiful and barbing salons everyday. Moreso, these days, people want a salon where they are pampered and relaxed while the work goes on.

17. Sound System Rentals

If you have technical skills and N1million, you can start this business. People from time to time have events and programmes like wedding ceremonies, house-warming parties, conferences, crusades, etc where they need very good sound systems that won't disappoint. 

You may not have the bulk money to buy all the electronic gadgets you need, but you can buy a few and become a sound system consultant. 

18. Computer School

Tunji shared with me in the paper that he personally made much money teaching computer appreciation from the comfort of his home or house to school leavers and other desirous of becoming computer literate.

If you have ten(10) students at N5000 per course or N10,000 each, depending on course you offer to cost them, imagine how much you can make and plough back into the business?

19. Women Accessories Business

This is a good business for the insightful woman. You can sell beads, rings, necklaces, earrings, bangles, bra, pants, and other accessories. 

20. Men Accessories Business

Men don't have many accessories, however, real men have taste. You can make a lot of money selling high quality ties, belts, shoes, cufflinks, shaving packs, wristwatches, etc. 

Final Thoughts 

I hope you enjoy this article? What is your problem that you look for solution or what is type of information that you would like to read for more knowledge or success, etc? 

Happy Reading!