Port Harcourt is the capital of Rivers State, and it is a costal city that has a working port. It has a good population of close to a million people. If you’re thinking of moving to Port Harcourt, there are many businesses you can do in Port Harcourt. In this post, we’ll be examining the 5 most profitable businesses to start in Port Harcourt.
The businesses to be mentioned are of various types, and would require various level of capital. If you get any of them right, you are bound to make a good amount of money for yourself. Now, let’s take a look.
5 Most Profitable Businesses to Start in Port Harcourt
1. Exportation and Importation
This business is often neglected by people who have the kind of capital it needs for various reasons. However, it shouldn’t be. If you have a large capital in waiting of more than 20 million naira and more, exportation and importation through Port Harcourt port is what you should be considering. There are many things to export and import.
Before making a choice of what to import, do a market research to know what would sell immediately it drops. You should target southeast markets like Aba, Onitsha, Port Harcourt, Uyo, Calabar, Owerri, Enugu, and so on. It is a business that yields good money. In turn, you can export scrap and metals, processes food and preserved food, oil and gas, finished products, palm oil, and so on.
2. Oil and Gas
This sector can never be saturated once it comes to Port Harcourt. There are still many sectors in this field that are left unfilled. You can enter this field from anywhere but we advise you enter as a registered exporter or importer of any of the product or distributor. It is from this two angles you can make good money off the sector. For this business, you should hold a capital that’s nothing less than 20 million naira, and more.
3. Logistics and Transportation
This sector and business is a wide one and you can enter into this business from any angle. You can be a Keke rider, Bus driver, Sienna owner, dispatch owner and rider, and many more. Port Harcourt has the right population, and you are sure to make a good amount of money from the business. You can start it in a big or small way according to the money you have.
4. Real Estate
Real Estate is a very thriving business in Port Harcourt. You are sure to get the returns you desire in this business because land, spaces, and houses are very valuable in Port Harcourt. It is best you set aside a large sum, and you buy land, uncompleted house or old house in the developing part of Port Harcourt. You wait a little time and you resell. You buy again, market, increase the value, and resell.
This is a very profitable business in Port Harcourt.
5. Food and Foodstuff
People usually say that a lot Port Harcourt residents are into food and foodstuffs in the city but the number can never be enough. There are locations were you can still make a lot of money or good amount of money from. You mustn’t go to the competitive areas to sell.
You can sell foodstuffs, or you establish a restaurant and a bar in a good location, and you will sell. Some of the good locations are popular markets, populated streets, and so on. You’ll surely make good amount of money from this business.
Conclusion
The businesses mentioned here are the 5 most profitable businesses to start in Port Harcourt. You should read and think about these businesses, and the one that’s best for you. This post will guide you well.