Nothing beats being your own boss. The idea is very appealing to people- you set your own schedule and can work from home, or from a physical location depending on your choice. With the recession biting hard on a lot of Nigerians, lots of thousands have become jobless, and even those working are receiving pay cuts.
Businesses are losing millions of naira in revenue, and the resultant effect is inflicted on the workforce. Since more and more people are being affected by their industry’s ongoing retrenchment, downsize and bankruptcy actions, the next point of action should be to set up businesses.
It would be important to note that these businesses should sell fast-selling products, in order to make profit, and at least, enjoy a fairly moderate standard of living. Below is a carefully compiled list of best-selling products you could sell in Nigeria.
Full list of best selling products in Nigeria
Coca-Cola is the most popular and biggest-selling soft drink in Nigeria. It is also unarguably the fastest selling product in Nigeria. With Coca-Cola, you could never go wrong as a trader. The product attracts a lot of customers ranging from students to babies, kids, the young and elderly.
When chilled, it is a perfect summer drink, and for quenching hunger. The product is sure to make you profits within a short period of time. It also attracts the attention of people who organize events such as weddings, funerals, birthdays, house-warming, festivals, and other social occasions.
According to Wikipedia, rice is the most widely consumed staple food consumed in large quantities around the world. Nigeria is Africa’s biggest economy. Nigeria’s ever-growing population is in constant need of food, and rice is a major staple in enjoyed by both old and young.
According to statistics, about 22 million bags of rice is consumed every month- which means there’s a big market for Nigeria. Even with the current recession witnessed in the country, the demand for rice hasn’t reduced a tad bit.
Ensure that you look for a good shop close or not far from conventional or major markets depending on your location. In states like Rivers, you can find lots of rice- importing companies’ warehouse in Port Harcourt- hence; giving you the opportunity to become a major rice distributor, as people come from Bayelsa and its environs to purchase rice in Port Harcourt.
Next on the list of best-selling products in Nigeria is bean. Just like rice, bean is a staple that’s never out of demand. Although not consumed as much as rice, the demand for beans is still high and is a viable business for anyone looking for fast-selling products to sell in Nigeria.
Noodles are one of the fastest moving consumer goods (FMCGs) in Nigeria. The product is loved by Nigerians because of its yummy taste, affordability and the ease experienced in cooking a noodle meal. It is favored by all and sundry; especially children and kids.
In times of hunger, noodles are a food you could prepare within fifteen minutes when you’re desperately hungry. Therefore, the high demand for this tasty meal cannot be over-emphasized.
With various brands in the market, including the popular Indomie, Honeywell, Mimi, Dangote, Chikki, and lots more, you could sign up and become a distributor for a particular brand, or stock as many brands as you want. This product will definitely rake in lots of revenue when you become a seller.
This list would never be complete without adding Nigeria’s most popular staple-Garri. It is consumed by the rich and poor. With Garri, you’ll never go out of buyers.
6. Baby Items
At one point in time in everyone’s lives, we give birth to those little bundles of joy that makes us happy. No matter the situation of the economy, baby items such as diapers, baby creams, caps, food, wipes, socks, clothes, shoes, caps, care kit, amongst others will never go out of demand. An average Nigerian parent will ensure that that their houses are fairly stocked with baby items before welcoming their wee ones into the world
Everybody gets sick at one time or the other. No one can claim never to have been sick before. When people are sick, the most popular solution is to take drugs. Opening a pharmacy or a drug store is a business idea that isn’t going anywhere for a long time.
8. Phones and Tablets
Phone selling is a very lucrative business and one that can rake in maximum revenue if you know your game well. Nigerians are phone lovers. Nigerians are mostly lovers of Tekno and Infinix, Nokia and Samsung.
We want to snap the latest selfies styles, our owambe attires, and lots more with our phones. However, to begin a phone business, you must decide if you’d like to be a dealer, sub-dealer/wholesaler, and retailer. When you know your specialization, you’ll have an idea of what your startup capital will be.
Clothes are an essential that would never be out of business in Nigeria. From used clothes to brand new clothes, Nigerians will never tire of buying clothes for various occasions. Apart from selling ready-made clothes, other alternatives are fabrics like Ankara, lace, Atiku, Guinea and lots more.
With clothes selling, you’re sure to attract the attention of the working class, kids, people going for social events, and lots more.
Who buys clothes without buying at least a pair of shoes, snickers, flats, sandals or slippers/ just like clothes, shoes are also a fast-selling commodity in Nigeria that would definitely attract people. If you want to make more sales, selling shoes at a very affordable price will attract customers and increase your turnover.
The list isn’t over yet. Here are other best-selling products in Nigeria to consider:
- Cheese balls
- Pure water
- Recharge cards
- Laptops and computers
- Cooked Food
- Cosmetics and female accessories
- Ponmo (cow skin)
- 26. Alcohol
- Building materials
- Ice block
- Soft drink
- Fruits and vegetables
- Kitchen utensils
38. Palm oil
39. Groundnut oil
40. Rechargeable lamp
- Gas and its cylinder
- Sandisk memory cards