HIGH DEMAND PRODUCTS IN NIGERIA FOR 2020
Are you thinking of starting a business in Nigeria and you are looking for fast selling products you can sell? There are many fast selling products in Nigeria that any entrepreneur can start a business around and make good money from.
Many at times, success-driven Nigerians are always in search of one business or the other to venture into. Salary owners are not left behind because the need to create multiple streams of income is very high due to the nature of the economy.
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For this reason, I took my time to research products that are fast selling in Nigeria so entrepreneurs can start selling profit from day one of starting their business.
READ: 40 BUSINESSES TO START IN NIGERIA THIS YEAR
But, before I go into detail with fast selling products in Nigeria, I want to make it clear that because these products are selling does not mean that you won’t study the business before kick-starting any of them.
It is always best to understand any business before embarking on them. So, to the gist of the day, here are 10 fast selling products in Nigeria that with a good business plan, and marketing strategies that can make you rich in the long term.
LIST OF FAST MOVING GOODS IN NIGERIA
- Cheap Toys
You will agree with me that this is one fast-selling product in Nigeria that sells like water. Many parents do buy cheap toys for their kids so they can stop disturbing them. Cheap toys like the ones that are sold from ₦300 downward are quick selling products to sell in the toy market.
Venturing into this business won’t be a bad idea as you can run the business as a seasonal business during festive periods.
Children are the ultimate impulse shoppers and you can easily convince them to buy with a friendly word and a smile.
- Recharge Card
This is another fast-selling product in Lagos, Nigeria that you and I can’t do without. You can start this business by looking for a good location (a busy one will be of great advantage), contact resellers of various networks you will like to sell at their designated office location nearest to you and buy at wholesale price and sell to final consumers.
You can choose the other way by printing the recharge card yourself if you want to be the wholesaler and retailer at the same time. You make a better profit when you print the recharge card and sell it to retailers.
There are processes involves getting started with this method. You need to research it yourself to get proven information about it.
- Sachet Water
You know my list can’t be complete if I don’t include sachet water in my list of fast selling products in Nigeria. The amount of sachet water Nigerians consumed a day is unspeakable. Sachet water is stirring at me on my table.
This business can be started with as little as ₦200 with an ice block and you are good to go.
- Soap and Detergents
Everybody in Nigeria uses soaps and detergent whether liquid or solid. These products are in high demand in many markets all over Nigeria. Since soap and detergent are generally used for washing, you are certain to make sales daily.
If you are looking for a commodity that sells in high demand in Nigeria, here is one for you.
- Power Bank
This is one electronic product that sells more than phones in the electronics market in Nigeria. You should know why right? Due to the continued problem Nigeria is facing in the power distribution sector, Nigerians are always seen buying power banks so they can use it to support their phone.
I have one with me to support my phone whenever power is out for a long time. The power bank comes in different capacities and sizes. If you have the capital, you can order a cheap power bank from aliexpress.com or Alibaba.com and sell them in Nigeria.
- Noodles
This is one of the most consumed products in Nigeria. This is one food that kids can’t do without. The product is fast selling in Nigeria because the company is helping make the advert while you just position yourself in where people can find you and buy the product.
The fun part about the business is that parents are not denying their kids the love of the product which in return brings profit for you. Some even buy cartoons for home consumption.
- Kerosene
This is another fast-selling product in Nigeria. If you use kerosene for any purpose, you should know this yourself.
This product is widely consumed in rural and in some urban places. It is used for cooking and native lamps. I don’t know how to explain it, but know that the demand is very high compared to petrol.
- Books
With the number of schools opening at every corner daily, the demand for books is unspeakable. Books are very crucial when it comes to learning. Schools can’t do without books, and having you like a bookseller means enough money most especially at resumption periods.
- Used Clothes and Shoes (Okrika)
When searching for fast selling products in Nigeria to sell, you should consider used goods like used clothes and shoes. While some people shy away from buying used clothing, the average market shopper is looking for a bargain.
If you have good quality, clean and undamaged used clothing to sell, you can earn a lot at this market.
Any type of merchandise you want to sell at the market should be readily available and cheap to attain. Used clothing fills both requirements. You can easily sell it in large quantities if you keep the prices down.
- Soft Drinks
Soft drinks like coca-cola sell very fast in Nigeria without any efforts from the distributors, wholesalers or retailers. Whether you go into this business as a wholesaler or retailer, it is a profitable business and the profit margin is good.
