small manufacturing Nigeria - GOOD NEWS NIGERIA https://goodnewsnigeria.com ...Since 2011 Sat, 27 Dec 2025 17:20:37 +0000 en-US hourly 1 https://goodnewsnigeria.com/wp-content/uploads/2024/11/cropped-logo-1-32x32.jpg small manufacturing Nigeria - GOOD NEWS NIGERIA https://goodnewsnigeria.com 32 32 Candle-Making Business – The ₦50k Home Factory Idea https://goodnewsnigeria.com/candle-making-business-the-%e2%82%a650k-home-factory-idea/#utm_source=rss&utm_medium=rss&utm_campaign=candle-making-business-the-%25e2%2582%25a650k-home-factory-idea https://goodnewsnigeria.com/candle-making-business-the-%e2%82%a650k-home-factory-idea/#respond Sat, 27 Dec 2025 17:04:51 +0000 https://goodnewsnigeria.com/?p=2324 1. Overview Candle-making is a simple, low-cost business with rising demand for decorative and scented candles in Nigeria. 2. Market Opportunity 3. Startup Cost Breakdown (₦) Item Cost (₦) Notes…

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]]> 1. Overview

Candle-making is a simple, low-cost business with rising demand for decorative and scented candles in Nigeria.

2. Market Opportunity

  • Target customers: Homes, offices, churches, gift stores.
  • Trend: Decorative and scented candles are trending for events and home decor.
  • Competition: Moderate, but unique designs can stand out.

3. Startup Cost Breakdown (₦)

ItemCost (₦)Notes
Wax10,000Paraffin or soy wax
Fragrances & dyes10,000Multiple scents/colors
Molds5,000Various shapes
Wick & containers5,000Glass jars, tins
Workspace setup5,000Home kitchen or garage
Total Startup Cost₦35,000–₦50,000

4. How to Earn ₦50–₦100k Monthly

  • Produce 200 candles/month, sell at ₦500–₦1,000 each
  • Revenue: ₦100,000
  • Subtract materials (~₦50k) → Net Profit: ₦50k–₦100k
  • Marketing: Social media, church events, online marketplaces

5. Profit Projection

  • Startup recovery: 1–2 months
  • Monthly net profit: ₦50k–₦100k
  • ROI: 100–200%

6. Challenges & Tips

  • Challenge: Quality control → Maintain uniform candle size and fragrance.
  • Tip: Offer seasonal or event-themed candles for higher demand.

7. Feasibility Verdict

High – Low startup, steady demand, simple production.

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]]> https://goodnewsnigeria.com/candle-making-business-the-%e2%82%a650k-home-factory-idea/feed/ 0 2324 Solar Phone Charger Assembly – The ₦100k Green Energy Hustle https://goodnewsnigeria.com/solar-phone-charger-assembly-the-%e2%82%a6100k-green-energy-hustle/#utm_source=rss&utm_medium=rss&utm_campaign=solar-phone-charger-assembly-the-%25e2%2582%25a6100k-green-energy-hustle https://goodnewsnigeria.com/solar-phone-charger-assembly-the-%e2%82%a6100k-green-energy-hustle/#respond Sat, 27 Dec 2025 16:56:09 +0000 https://goodnewsnigeria.com/?p=2314 1. Overview As electricity issues persist, solar-powered phone chargers are in demand. Assembling them locally is cost-effective and increasingly popular. 2. Market Opportunity 3. Startup Cost Breakdown (₦) Item Cost…

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]]> 1. Overview

As electricity issues persist, solar-powered phone chargers are in demand. Assembling them locally is cost-effective and increasingly popular.

2. Market Opportunity

  • Target customers: Students, mobile users, offices, and local markets.
  • Trend: Renewable energy adoption is rising in urban and semi-urban areas.
  • Competition: Low, niche market with room for innovation.

3. Startup Cost Breakdown (₦)

ItemCost (₦)Notes
Solar panels50,000Small portable units
Battery cells30,000Rechargeable lithium batteries
Assembly tools10,000Soldering kit, wires
Packaging10,000Boxes, labels
Workspace5,000Small home desk setup
Total Startup Cost₦105,000

4. How to Earn ₦150k Monthly

  • Assemble 50 units/month, sell at ₦3,000/unit
  • Monthly revenue: 50 × ₦3,000 = ₦150,000
  • Subtract materials (~₦105,000) → Net Profit: ₦45,000/month initially
  • Scale: Buy in bulk → earn ₦100k+/month
  • Marketing: Social media, markets, partnerships with phone repair shops.

5. Profit Projection

  • Startup recovery: 1–2 months
  • Monthly net profit: ₦45k–₦100k
  • ROI: 43–95% after first month.

6. Challenges & Tips

  • Challenge: Sourcing reliable solar panels → Buy from reputable distributors.
  • Tip: Offer mobile repair shops commission-based sales partnerships.

7. Feasibility Verdict

Medium – Low to medium demand, needs some technical skill.

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