List of Lucrative Businesses in Port Harcourt
Port Harcourt is a busy city with growing population as well as infrastructure. As more people enter the city more business opportunities are created. It is not the case of opening a business with your hard-earned money but the case of opening a business that will actually strive and bring the expected profit.
Though many business can flourish in Port Harcourt it is necessary to know the ones more likely to be sustained and yet better profit return especially if you are a low salary earner.
If you have less than N500,000 and you intend to open a business with it in Port Harcourt then these businesses could be suitable for you depending on your location.
- Business Center
- Automobile spare Parts
- Tailoring
- Barbing Salon
- Hair Dressing Saloon
- Eatery Center
- Agrovet services
- Farming
- Welding and Fabrication
- Keke Riding
- Estate Investment
- Supermarket
- Courier Service
- Branded Marketing
- Brand Distributor
Business Center
Running a business center in Port Harcourt is one of the easiest and lucrative investment you could make in the capital city. With proper setup and good site you could depend on the business to pay all your bills.
For instance, if your business center covers a wide area of services such processing of documents, photos and images, training and certifications, sales agent, online services, etc. and is located in a busy site.
You could be expecting up to 50 to 100 clients daily. Such number of clients should yield tangible daily profits.
Automobile spare Parts
It is one of the neglected yet profitable business you could do in Port Harcourt. From the simple spare parts to the complex ones, your earning depends on the level of your investment and sales per day.
Making money from spare parts business requires some level of innovative and predictive skills. First of all, you need to site the business at the appropriate location which is mostly at Mechanic garage, public parks, and spare parts markets.
Secondly, you need to create awareness of the business to your potential customers who are mostly automobile engineers.
Thirdly, ensure you have what your customers want, by that I mean you should have the right spare parts.
Fashion designing and Tailoring
Women are the major in this area of investment. You will likely see many women in Port Harcourt who are living their life happily as fashion designers and professional tailors.
The population of men in this area is 2:1 ratio or less/ this simply implies that you could survive and pay your bills as a woman in Port Harcourt by becoming a professional fashion designer and a tailor.
You can read other previous posts regarding ‘How to open a fashion designer shop in Nigeria’ and/or ‘The Cost of starting a tailoring shop in Nigeria’ and many other related posts. You could gain more understanding on how to proceed with this type of investment.
Barbing Salon
Barbing salon business has been and will always be a good investment in Port Harcourt city depending on some factors such as: location, equipment and comfort, professional barbing skill, and service availability.
The above factors means that a proper location should be selected for the barbing salon, your barbing salon should be equipped properly with all necessary equipment that can help you offer a wide range of service to your customers, you should have good barbing skill or hire a professional barber, and you should equally ensure that you are always available to attend to your customers’ demand.
You can read more about Barbing salon at: HOW TO SET UP A SUCCESSFUL BARBING SALON IN NIGERIA, HOW TO SET UP A BARBING SALON IN NIGERIA WITH LESS THAN N100,000, HOW TO GIVE BARBING SALON GOOD LOOK, HOW TO SET UP A BARBING SALOON BUSINESS IN NIGERIA.
Hair Dressing Saloon
Hair dressing salon has gradually become a professional job and lucrative investment in Port Harcourt that even employ good number of workers.
From normal hairdressing to the incorporation of other related services such as pedicure and manicure, etc. if properly sited and well-established your hair dressing salon could be your best investment ever in the Garden city.
Eatery Center/Restaurant
Because of the busy nature of Port Harcourt life many people spent little time at home especially those working or into busy businesses.
To ease the stress many of those individuals usually spent their resting time in good eatery joints and restaurants where they can get good food and little rest before heading home.
As a life pattern, those who invest in keeping these category of individual satisfied usually earn their royalty which in return yields to lucrative profits.
Agro vet services
Agro vet services includes Farms services, sales of farm products, running poultry farms, fishponds, etc. there are good numbers of Agro vet services that strive in Port Harcourt. From animal treatments and sales of drugs to the breeding and selling of animals.
With the right connections and popularity this business could be more lucrative than you could imagine. Though you will need the right skill for it but if properly gotten you will be making huge money from different angles.
Crop Farming
Getting a land for crop farming in Port Harcourt is not easy except you look for it outside of the main city. However, if crops such as Yam, cassava, and plantain are planted in good number selling it wouldn’t be a problem.
The occupants of the city need food and your farm produce will be of high demand. If you are opportune to hire or acquire a large hectare of land within or close to Port Harcourt consider using it for crop farming.
Welding and Fabrication
There are good number of fabrication shops in Port Harcourt. From fabrication of parts and structures for companies to the fabrication of security gates, security doors, etc. it has been known to be a very lucrative business in Port Harcourt and has not changed.
You read our previous post on how to start a welding and fabrication workshop and HOW TO MAKE MONEY BY STARTING A BLOCK MOLDS FABRICATION WORKSHOP for more details of how to proceed with this investment.
Tricycle ‘Keke’ Riding
Tricycle riding business has undoubtedly become a lucrative business in Port Harcourt despites its ban on moving at high ways and major roads in the city.
The riding of tricycle popularly known as ‘Keke’ has been a major business feeding families on daily bases.
There are two ways you could investment in this type of business; buy the tricycle and give it out on hire purchase or you buy it and ride it yourself.
Estate Investment
If you have good steady source of income and you are looking for how best to invest your money in Port Harcourt then consider the Estate Investment.
For instance, those earning good monthly salary could consider estate investment. It involves buying and development of lands. Buy lands, develop it or resell it.
Supermarket
Just like in every city, the profitability of supermarkets in Port Harcourt has not changed. From selling to low quantity buyers to the selling to large quantity buyers. The more wide your sells capacity the more money you make in the business.
There god number of popular supermarkets in Port Harcourt that started small and now are big and popular.
Courier Service
If you are already in Port Harcourt you will notice the regular movements of bikes carrying a box on its carriage. Those are courier service men. Their main work is to deliver parcels, foods, and lots to the customs that requested or own it.
Some are working for a courier company while some are working on self-employment. If you have good capital consider starting a courier service within the city of Port Harcourt.
Brand marketing is another term for brand advertisement. A lot of companies are looking for popularity and the best advert channel to achieve that purpose. Based on that, you could setup an advertisement company to help promote companies and their products.
This investment could require you to establish several avenues of marketing which could be capital intensive but the effort and investment worth it as you would recover the investment capital on the long run as well as its profits.
Brand Distributor
You could become a major distributor of specific companies’ product. Since most of the manufacturing companies are located in Port Harcourt, you could use huge capital and opt to become a brand distributor of many companies’ products.
This investment is very lucrative and offers you a lot of options on price control in regard to inflation which helps you to maintain your profit despite changes in prices.
Conclusion
Port Harcourt is a capital city with lots of opportunities in terms of investments. You could find hundreds of investment opportunities in the city but only few can give you satisfaction.
The above list is a thorough view of the most likely profitable businesses you could do in the city if your sole aim is just to make money.
