This article is about the top 10 best business ideas in the telecoms industry in Nigeria this 2023. If you are interested in the lucrative business opportunities in Nigeria’s telecommunications industry and you would love to tap into it, the information contained in this post is for you.
When we think of the telecoms industry in Nigeria, our minds quickly go to the top dogs in the profession such as MTN, Airtel, Glo, 9mobile, etc., but there exist a whole lot of relatively unexplored business opportunities available in this sector of Nigeria’s economy that we haven’t even scratched their surfaces.
While it is true that a vast majority these business ideas have been in existence for quite some time now, it is also true that the huge potential for making it big in the many businesses available in the telecoms industry in Nigeria is very high and only those who are consistent and persistent in what they do eventually make it.
In all honesty, the vast majority of people who work in network service providing companies make eye watering figures as their incomes but this is not the only way by which people who really want to make it in this industry know how to break even in it.
As we proceed, we will discuss some of the leading business opportunities available in the telecoms industry that can help you make a decent living in Nigeria this 2023. Without further ado, let us proceed.
TOP 10 MOST LUCRATIVE BUSINESS OPPORTUNITIES IN THE TELECOMS INDUSTRY IN NIGERIA 2023
The following are the 10 best and most popular business ideas in Nigeria’s telecoms industry this 2023 in no particular order:
SALES OF SMARTPHONES
The sales of smart mobile phones is one business opportunity in the telecoms industry in Nigeria this 2023 that has the potential to set you up for life if you are very focused on the business. It is made all the more interesting in that better and faster smartphones are produced with cutting edge technology.
These new generation smartphones can handle majority of people’s tasks without the use of their laptops and they are increasingly dominating the market causing their demand to rise geometrically. You can decide to venture into this business and own mobile phone shops in the mould of SLOT, 3C Hub and the likes. If you do not have the capital to start that big, you don’t have to worry as you can start small and grow your business from there.
CALL CENTRE AGENTS
You can decide to become a freelance call centre agent and get jobs from businesses who outsource their customer service department to capable hands that can manage this aspect of their business effectively. Customer service jobs in the telecommunications industry in Nigeria pay decent salaries although they are very time consuming.
RECHARGE CARD BUSINESS
Also, a very good business to venture into as far as the telecoms industry is concerned in Nigeria is the sales of airtime or recharge card business. You can start out as a wholesaler and sell recharge cards in bulk for a profit or you can begin as a retailer and sell in bits. Whichever one you can afford to start, by all means start and watch your business grow.
BULK SMS BUSINESS
Another business idea that is very profitable to do in the telecoms industry is the bulk sms business. Many businesses usually love to engage their customers to get their feedback and inform them of their numerous offers, this is where you come in as a bulk SMS service provider, to help these businesses and organisations reach their target audience for a very good fee.
NETWORK SERVICE PROVIDER
This one involves owning a business like MTN, Glo, etc and you can venture into this telecoms business and provide healthy competition for the already existing network service providers but you can only do this if you have huge capital to obtain a licence and invest in the business, otherwise other business ideas listed in this article should be considered by you.
Mobile marketing is a multi-channel, digital marketing strategy aimed at reaching a target audience on their smartphones, tablets, and/or other mobile devices, through websites, email, SMS and MMS, social media, and apps. You can as well start up a mobile marketing agency and help brands reach their target audience via any of the available channels at the right fee.
You can become an angel investor in the telecoms industry in Nigeria. Angel investors are people who invest in a new or small business venture, providing capital for start-up or expansion. They have spare cash available for investment in a startup and are looking for a higher rate of return than would be given by more traditional investments. You can do this and get reasonable returns on investment.
Affiliate marketing where you can sell mobile phones and other tech gadgets on many websites or your own website is also a good business idea in the telecoms industry. If you want to sell on many legitimate websites, you can set up an affiliate link to these websites and offer smart devices for sale. You earn a commission or percentage for every sale made.
The cybercafé business, though not as popular as what it used to be before the advent of smartphones, is still relevant in today’s Nigeria, especially around many public universities that require students to make many printouts of various documents, etc. Find a good place where you can set up this business and see yourself smiling to the bank.
You can decide also to go into data reselling. A data reseller is a person who buys internet data bundles at very cheap rates and resells it at their own set price to make profit. You can register to be a data reselling agent and sell data to your various customers at competitive prices. This business thrives in many tertiary education institutions in Nigeria where students often run out of data.
The top 10 best business ideas in the telecoms industry in Nigeria listed in this article are simply what they are: just ideas to give people a focus on what they would love to do should they wish to venture into the telecommunications industry in the country. Kindly note that these ideas are not intended as a guide to starting up any business.