Are you looking for some business ideas for the new year?
Perhaps you want some idea activators!
On Daniel Digest, we provide business ideas you can profit from.
And in the continuation of the business ideas series, we present you this list of business ideas that we feel have great income potential in the coming years.
1. Toilet Roll Production
If you are in Nigeria where I am writing from, you’ll know that the government has banned the importation of finished toilet rolls. There can be no better time to veer into this business. As a toiletroll producer your income and profit potential is unlimited plus you can start the production of toilet rolls in a small way and grow big over time.
For those who are also well capitalized, you can be sure that it’s a business you’ll never regret venturing into.
Market analysis alone show that we need over 1 billion toiler tolls per anum, while at present total production estimate is still below 500 million. This supply gap provides the smart entrepreneur with tremendous.
In this article we’ll not recommend any toilet roll making machine but bear in mind that there are very good locally made machines and cheap imported ones that can produce over 800kg of toilet paper daily.
As stated above, there is a ready market for toilet rolls. But like every business, toilrt roll production also comes with its own challenges. We recommend that you do a proper analysis before getting started.
Our team is available for assistance should you want to.
2. Conference Vendor
Many organizations hold specialized meetings and conferences every year. Knowing this provides one with a unique business opportunity.
A conference vendor is not an event manager. Rather one that produces gift items and souvenirs those organizations will issue to their conference participants. Gifts or conference packs like bags, pens, books, etc
There is no doubt that you can start this business without capital as all you need is ability to walk around and talk a lot and tell seminar or conference organizers what you can do.
Of course you need to do a small home work like knowing exactly the cost of each item you’ll be proposing to produce for the conference organizers. You also need to keep your eyes and ears open on TV s and radio to know upcoming events and socialize quickly with your proposals.
A facebook page about your service is a great place to start your marketing from.
3. Digital Photography Center/School
Turn your love for photography into a big business in the coming year. The photography market is a multi billion dollar market. That is why many big corporations like Sony and others are into it.
If you have a passion for pictures and photography but you are not perfect, then you can do two things. Take an online course on udemy and learn all there is about it. Secondly, you could decide to work for a professional photographer as well before going solo.
There is enough market for digital photography, enough to net you 100-500 thousand dollars annually. But you have to think outside the box. You have to network with the big players and be different from the road side photographer.
4. Specialized Skills Center
If you have a passion for helping others, then you can open a centre for empowerment and organize specialized skills impartation trainings. This is an area of business I am involved with and I can tell you, it’s worth it.
Though it’s not a get rich quick business opportunity, the point is you’ll be doing what you love and making cool cash doing it.
What specialized skills would you teach? There are hundreds and thousands of them. Fish farming, laptop repair, web design, sales and marketing, etc.
You don’t even need to know any of the skill. You can invite those who have it and be the proprietor.