Most times Nigerians are worried about the businesses and Investments they can do without working or getting involved heavily. They even wonder if such businesses exist, and here, we’ll write about them to tell you they exist. In this post, we’ll be writing about businesses and investments you can make money from without getting involved or working consistently in Nigeria.
These business to be listed are in a wide range of sectors and fields. Thus, they are businesses you can start with a wide range of amounts and capital. Now, let’s take a look at them.
Businesses and Investments you can make Money from without getting Involved or Working Consistently in Nigeria
1. Buying and Reselling of Land
You can buy and resell land as a side hustle or even as viable business feeding you if you have enough funds. It’s an easy and viable business. You buy a cheap land in a developing area or an area close to a city, and then resell within a few years when it must have increased in value.
This business is the best when you have the necessary funds because you can even buy many viable lands and resell later.
2. Treasury Bills
Treasury bills are also other businesses you can do without working hard or striving so hard to make money, though it’s not profitable like buying and reselling land. For this one, you buy treasury bills from banks, watch your money increase in value annually.
3. Buying and Reselling Gold and Other Precious Metals
This is also a viable option as a side hustle or even as a main hustle. However, we only encourage you to go into this business if you can tell what an original or fake gold or other precious metals. You buy the original ones from wholesalers and resell to consumers, or you buy and keep to resell later when it must have increased in value.
4. Giving Out Hired Purchase Keke or Mini Bus
You can also do this business, though it is risky. However, if you have the large heart to accommodate the pitfalls, you can try it out. You can buy Keke and mini buses to give out to people to ride on hired purchase.
You sign an agreement with them to repay the money within a time in supervision of your lawyer. This is sure a great way to increase the value of your money. It’s risky but very profitable if you have enough funds. It can increase the worth of your money by 100% in two years.
5. Loaning out Money for Profit
You can also loan your excess money or money in the bank for profit. Though, this one is not so profitable, and quite risky as Nigerians hardly pay back debt. However, you can try it if you have a good lawyer and have access to financial information. For this, hand out loans to only people who can pay them back.
You can charge about 15% to 30% interest on the amount borrowed annually.
This post has done a good job on writing about businesses and investments you can make money from without getting Involved or Working Consistently in Nigeria. This post is a good guide. It will lead you well.