2 steps to make N10,000,000: (1) Find a commodity one million people need, and (2) sell it to them at N10 each. Simple!
Alright, alright. I admit it is a lot easier said than done, but you have to admit the simplicity of the plan.
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They contain even more detailed information to start and run your business. No fluffs, just hardcore information you won’t find anywhere else.
Wealthy people have implemented this plan for ages. That is why they keep getting richer. I mean, Dangote can say what he likes about building a refinery; his name and wealth comes largely from selling everyday items to millions of people – sugar, cement, salt, name them. People just can’t do without these things and Dangote knows it.
You might not transform into a Dangote overnight but you can start on your way to riches if you identify some of the common items people use daily and figure out a way to give it to them.
I will list some of these items in this post – 15 of them. These items are highly sought after consumer goods. You can get in on the action by production or distribution. Any way you choose, there is huge potentials in these commodities because of the enormity of their demand among people.
So here goes…
Read this: 21 Business Ideas for Women and Work-at-Home Moms
15 High-in-Demand Everyday Commodities in Nigeria
1. Information
There are many things I want to list as number one on this list but information tops them all. You are reading this post because you need information. Knowledge is power, right? This blog exists because I know millions of young Nigerians need information to get out of poverty and become successful. I don’t sell this information but I still make money because I’m able to satisfy people’s appetite for information. The most expensive, high-in-demand commodity on the planet is information. So what information do you possess that people need?
2. LIQUID SOAP AND DETERGENTS
You would agree with me that soaps are an everyday item. Everybody in Nigeria uses soap. Whether it is in solid, liquid or powdered form, soaps have a high demand in every part of Nigeria. They are generally used for washing and for bathing. So if you are looking for a commodity that sells rapidly, soap is definitely one of such commodities.
3. POWER BANK
Power banks provide a means to extend battery life and charge phones while on the go. They come in different capacities and are very portable. Considering the epileptic nature of power supply in most part of the country, many people in Nigeria, particularly the youths, will look for an alternative source of power to charge their mobile phones. You may not produce power banks but you can order some cheaply from aliexpress or alibaba at cheap rates and resell them to people who need them.
4. HAIR EXTENSIONS
They say ‘never get in between a woman and her hair’. This list would be incomplete without hair extensions. Nigerian ladies love them and are prepared to spend a lot of money on them. Hair extensions and synthetic hair come in different styles and quality ranging from Peruvian hair to Brazilian hair, etc. Ladies love to look good and fashionable resulting in a high demand of hair extensions.
5. SHOES AND CLOTHING
Still on fashion, clothes and shoes are hot commodities in Nigeria. There are different clothes and shoes for men, women and children. Also different occasions will require different outfit. Most people in Nigeria have more than one pair of shoes and many changes of cloths. As the trend in fashion continues to evolve, cloths and shoes will continually be in high demand.
6. COOKING GAS
Cooking gas has become very popular in most Nigerian homes. It is considered more economical as compared to kerosene, coupled with the bad electricity supply in the country; people look for relatively cheaper and faster way of preparing their meals. Another advantage of using cooking gas is that the flames produce no smoke, therefore keeping cooking utensils clean and free from sooth stains commonly associated with using kerosene stove. Plus it is clean energy so the environment loves it.
7. Floor Tiles
Floor tiles are the current trend in most Nigerian houses. They are durable, more presentable and come in different styles and design. They are preferred to conventional cement floors. Most houses have upgraded their cement floors to tiled floors, even carpeting of floors have become old-fashioned. The demand of tiled floors in Nigeria is on a constant increase as new houses and government offices will rather opt for them.
8. WATER
Water is probably the most consumed commodity in Nigeria. It should have been first or second on this list but I never said the list was in any particular order 🙂
People need clean, fresh water for many things. A lot of people have made enormous wealth simply by providing people this very basic life necessity. You can still get in on the action.
9. Food
Many items classify as food and they are all very important for survival so I won’t dwell so much on this. Food is always good business whether in its raw, cooked or processed state.
10. COSMETICS AND MAKE-UP KITS
This is a hot cake for Nigerian women both young and old. Most women will not take a step out of the house without make-up. At least 9 out of 10 girls in Nigeria use make-up, leading to an increasing demand of the commodity.
11. COMPUTER AND PHONE ACCESSORIES
These include items like memory card, flash drives, headphones, modem, phone screens, external hard drives, the list is endless. These accessories are necessary to improve the satisfaction derived from your computers or phones. They will always be in high demand so long as people use phones and electronic gadgets.
12. BOOKS
They say Nigerians don’t read but those days are long gone. We read now and there is so much money in books. You can write them or distribute them or publish them. Books are a crucial part of information dissemination so they are always good business.
13. GENERATORS
There will always be a high and increasing demand for generators (at least until power supply improves) in Nigeria. Unfortunately, the supply of electricity in the country keeps decreasing and more people are beginning to opt for alternative source of power for their business and everyday activities.
14. BUILDING MATERIALS
A wide range of items fall under this umbrella. New buildings are constantly emerging as more people upgrade from tenants to house owners. Building materials such as blocks, cement, iron rods, aluminum roofs, shovels, head pans etc, are currently hot commodities in the Nigeria market.
15. CAR TRACKERS
The increase in cases of car theft has made Nigerians more security conscious. Car trackers are the latest technological inventions to help you keep track of your car. More people are beginning to demand for the device.
Well there you have it; 15 of the most highly demanded commodities in Nigeria – they are not the only ones but they are as good a place as any to start. I urge you to plan and research more into these commodities. They could hold the key to the riches you dream about. And if you supply an item to 1 million people at N10 each, you will make N10,000,000. Nothing could be simpler 🙂
− Information Resources −
We’ve Got E-Books and Business Plans for You!
They contain even more detailed information to start and run your business. No fluffs, just hardcore information you won’t find anywhere else.
Send in your comments to let me know your thoughts. And share this article to your friends who want to become millionaires.
You might also enjoy these related articles:
- 50 Agriculture Business Ideas
- Top 15 Hot Business Ideas for 2017
- Business ideas for students
- How to Start Paper Bag Production Business
- How to Start a Snail Farming Business in Nigeria
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Sure, Adam.
Thanks for your stopping by.
Am grateful to you Mr Samuel chinedu for sharing this information with us
Thanks Samuel. I think phone recharge and data is also in high demand.
Keep up the good work.
Yes, they are. Thanks for pointing that out.
Thanks
My oga, u r always on point, thanks once again, I might want to start the power bank & accessories biz, what do u think it requirements may be for someone without much ideas & capital?
thank you Bro for the awesome info. I’m interested on both soap making and probably the importation of power banks, but as someone who doesn’t have much capital what are your advice
You can start with any amount you have, really. You can also check out some of the posts on this blog about raising capital for your business. Good Luck.
thanks the information was helpful.
I’m glad!
chief Sam, which particular car track is on demand in nigeria? please more infor.
Mr. Sam I would like to publish some of your article on my sub domain blog, but I will refer them to your site by putting your name and website link on any of your article I publish.
DO you agree?
No
Thanks for the info sir,pls am deliberating on either to sell palm oil or supermarket…pls which one make more profit.
Hello, Rachael
Both are very profitable. You simply need to pick one and learn everything you can about it, then you start something. It does not work if you do not start it.
Hi Sam. Good job bro. Any idea where to buy chalk mold in Abuja? Thanks
No
Thanks Sam for another great piece. I’ve been looking at getting power banks from AliExpress but I’ve been having issues with that. Most of the power banks that are affordable are just the power bank casing without the batteries. Any advice?
Hello Ifeanyi,
You will find affordable power banks, it all depends on where you look and on your definition of ‘affordable’, of course.
How is your blog going?
i can get power banks , chargers or any other products from china for you,, contact me serious buyers only
Pls I’m interested but don’t have capital for now bcoz i do sell on the road side at night, i can be balancing u after salese
Wa me ; 08178629516
Great list though I was looking for something that could be sold strictly Online, do you have any Suggestion on these?
Thanks for the valuable list.I am particularly interested in the first one about selling information. Son i created an information blog http://mawila.com/ where people can learn more about our country. At the same time I wrote an eBook which is selling well. Information market is huge.
Please I will like to get your contact.
I want to learn about blogging.
08133909801
thanks for this info, is loaded, I want ur kit on importation, pls send ur watsapp line thanks
Sure!
Pls Sir. I wish to start a house building things pls can i have any adia sir
How do i start the business without a shop or I do I maintain the hair at home if I wan to buy some for a start
Thanks for the information,Am looking forward for more of this.
It is my dream to establish a poultry farm. I know God will help my dream. Thanks for this tip.
What information is in High demand in Nigeria at this time? Will like to know. Thanks for sharing sir.
Very informative
Mr Sam thanks for ur information but diaper is lucrative too
Awesome
Thanks Sam ! Your info is just on point , I run an online store for a herbal product thats produce here in nigeria https://ruzushop.com and we export it to other countries but recently i have been searching for other good items i can add to our store list but you have solved the problem for me .
Thanks
Educate me too so i can also sell online
Good day everyone here ,am an aspiring importer buying and selling of items which I have an importation group,I received a link about this blog which am more inspired… I sell quality items like power solar power banks with 4000watts with wrist watches and lots but these days being weak about ads cause have used all ads I know about selling online like to know more about this…thanks God bless you 🙏🏻
To add to what you have mentioned above, VTU Business is a new profiting business to start with.
One can just find any legit VTU business company and join and start receiving commission and bonuses 4 life.
Which one is the legit one?
Plz whatsapp me 07032401105 and tell me about the VTU companies you know. Let me know. Thanks.
Dear Sam,
Good day
Please which business can someone start on distribution of various items with 5m and to get a direct buyer supplier
Pls where and how do one get hot selling products? Thanks for the info shared. Pls for your mini importation I teach and help people buy from china and Turkey.
How do i get my goods shoes, cloths branded in china?and the company that can do any form of shoe I want in china?
A Multi level marketing is another way to earn an income. Do you want to kiss poverty goodbye forever? Join longrich today, earn weekly and be on your way to financial freedom. Ask me how… I will hold your hands and guide you through it all.
Thanks for this super info, but with someone that is planning to start a fresh business without much capital, how can the person go about online sales?
Thanks Sir for this information, I’m inspired
Pls I want to go into buying and selling online, pls can you put me through on how to get a product online and sell…. Plsssss
[…] There are lots of people with thousands of naira in their accounts today, who are constantly going online to see, what exactly they can do with the money, so getting the right product or service that is needed is the first hurdle to cross when searching for a good business. […]
Thanks for the information..Please sir I want to go into importation business and i. I need a reliable shipping company from China. Please sir can u help me with that?
Great information 👍 thanks for sharing
I featured your list in my Facebook community Made in Naija Now- https://facebook.com/groups/madeinnaijanow
.Thanks Sam for another great piece. I’ve been looking at getting power banks from AliExpress but I’ve been having issues with that. Most of the power banks that are affordable are just the power bank casing without the batteries. Any advice?
https://godpreneur.blogspot.com it is a good thing to have learnt of this fifteen products to sell. I need connection on how I can buy, second hand books. there was a time I used to buy from the Enugu junction, and then. can I be connected by you to getting second hands books.
but with someone that is planning to start a fresh business without much capital, how can the person go about online sales?www.ruzuherbalbitters.coom
great information, thanks for your kind heart to salvage the many problems of nigerian….i am an e-COMMERCE person specifically on importation of health products and supplements like arthrities,6-packs band,knee heat band,waist heat band etc…i just feel everyone should live long with sound health and good look
great information, thanks for your kind heart to salvage the many problems of nigerian….i am an e-COMMERCE person specifically on importation of health products and supplements like arthrities,6-packs band,knee heat band,waist heat band etc…i just feel everyone should live long with sound health and good look
Reply
its to my deepest gratitude to see this platform continue function this way. thanks for reply
Reply
but with someone that is planning to start a fresh business without much capital, how can the person go about online sales?www.ruzuherbalbitters.com