If you’re smart, you’re probably wondering how can I make money during Christmas. Christmas is a period we all let our hair down and relax those personal finance principles that have saved us big bucks year-long, creating money-making opportunities for savvy investors who believe business and pleasure meet in festive seasons.
Nigerians love to party-there is no denying. Casual observation suggests some families even spend up to 70 percent of their December income preparing for Christmas and the New Year celebrations, which typically leads to higher in inflation at year’s end, despite inevitable bills to be paid the following January.
Amidst the fanfare, there are rewarding businesses one can tap into and five of them are highlighted below.
Rice & Poultry Business
Many Nigerians are so concerned about the implication of the border closure on the price of rice as Christmas nears, that they do not realise the business opportunity it presents.
Rice price will rise-it is a fact and not just a rhyme; analysts expect upward pressure on the price of products like rice, frozen poultry, tomatoes, which have excessive demand right now, and other food items including groundnut oil.
You can profit from supplying Nigerian rice to individuals and even corporates, which gift their employee food products during Christmas.
There is also the opportunity to breed local poultry for sales during Christmas as well as supply other food items that are in high demand.
Fashion or Clothing Business
Another business that gains traction during Christmas seasons is “looking good”.
Well, “looking good” isn’t an actual business but fashion-design aka tailoring and other clothing businesses are, and they boom during Xmas.
If you have creative blood in you then you can add some spice and create Christmas design out of existing local materials (like Ankara etc).
Cloth business including sales of footwear, beads, and even costumes is a sure bet as most people would be joining the “pepper them” gang as the year runs out.
Online retailing will boom so if there is means to exploit digital channels, do.
Beach sales: food, drinks and everything in-between
The beach and other recreational centres attract the most visitors during public holidays- the Xmas break is one of the longest.
As such, you can strategically place yourself for a bumper harvest by selling food and drinks, and anything things else you think people want, at these relaxation centres- especially the beach.
You may, however, want to take into consideration cost (including fee) of setting up kiosks or stands at the beach unless you want to hawk.
Gift Basket & Complimentary Cards
Christmas is a period of trading gifts and even if it is not as pronounced in Nigeria, there is the culture of sending loved one’s tokens of affection during the season.
You can arrange with malls or marts around you to shelves your home-made gift baskets and handmade complimentary card.
Especially in highbrow areas, this venture can be profitable and would provide an outlet for your creative inner-self as you celebrate Christ’s birth.
Uber or taxing
If people are going to get around during Christmas, it would be in the most comfortable means possible and this makes Uber or taxi businesses good ventures during Xmas.
In a way, the logistics business would also benefit as people look for convenient ways to move goods they buy or supply customers during the season.
