SMALL BUSINESSES YOU CAN START IN NIGERIA WITH LOW CAPITAL
SMALL BUSINESSES YOU CAN START IN NIGERIA WITH LOW CAPITAL
Are you looking for a small business you can start in Nigeria with low capital? You are in the right place. Below is a list of profitable business ventures you can easily set up.
- MOBILE HAIRSTYLIST (HAIRDRESSER/BARBER)
Nigeria is a large country filled with people who love to look good. Some individuals visit the salon every two weeks. A good hairstylist will thrive well in this market. A mobile hairstylist service is in demand because you conveniently save clients the stress of walking down to the salon, and also waiting their turn. Hair set kits for men and women range from 10,000-15,000 naira.
- CLEANING SERVICE
Everyone wants their environment “spick and span”, but not everyone can clean. Are you good at cleaning? Why don’t you start a cleaning service business? Set a price and render your cleaning service to multiple homes and offices. Preferably start with cheap cleaning materials like mops, broom, dustbins. Prices range between 5,000-8,000 naira. When you start making good money, you can now opt for advanced cleaning equipment such as vacuum cleaners, etc.
- LESSON/HOME TUTORIALS
School children’s parents want them to excel in their educational pursuits. Hence, after-school lessons for their children are a priority. If you love teaching, you can tap into this market. With the rise in the number of students, finding some to teach couldn’t be easier. The equipment needed for this trade is biros and blackboard which range between 3,000 – 3,500 naira.
- BEAD MAKING
Do you love arts and crafts? If yes, then you will like this business. Nigerians love to adorn themselves with beads and are known to spend good amounts of money to acquire them. Making beads and selling them to clients is a good business to start because with as low as 10,000 – 5,000 you can purchase beads from the market, string them together and start making sales.
- DRAWING/PAINTING
Are you a talented artist? A lot of people love hanging portraits of themselves or artworks in their homes, offices, etc. For a talented artist such as you, this could be a lucrative source of income. Drawing kits cost around 7,000-15,000 naira in the market.
SMALL BUSINESSES YOU CAN START IN NIGERIA WITH LOW CAPITAL
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- SELLING POPCORN
Nigerians have gradually developed a taste for popcorn. Popcorn is very easy to prepare if you have a popcorn-making machine. A brand-new popcorn machine is quite expensive, but you can purchase a fairly used one around 25000-30000, other materials used to make popcorn include corn, butter, and sugar.
- REAL ESTATE AGENT
I suggest this business because it is one of the few enterprises you can start without having an initial capital. All you need is to network with already established real estate agents in your vicinity, from them; you will know which properties are available for sale, rent, or lease. You simply start it as an affiliate marketing business, gradually connecting people looking to acquire properties to agents who have these properties, while getting a percentage for making the deal happen. In time, you can establish yourself as a force to reckon with in the real estate market as a real estate agent.
- AFFILIATE MARKETING
This is a business you can run with your mobile smartphone. Affiliate marketing is a referral business. Your job as an affiliate is to play the role of a middle man; you earn a commission by linking customers with the product and services a business is selling.
- SOAPMAKING
Every household uses soap for washing, bathing, etc. Learning how to make these soaps is very lucrative, all you need is a little marketing to make people aware that you have the product. Although prices might vary depending on the quality of soap you intend to make.
- BAKING
This is a business you can run from the comfort of your home, especially if you own an oven. A lot of people love to have cakes at their birthday parties, as well as other events, so, this is a good opportunity to put your baking skills to use, and if you do not know how to bake, it is easy to learn.
It’s a good business because, like I earlier stated, you can work remotely, taking orders, baking in your kitchen, and delivering to your clients. Some of the materials you need like baking powder and flour, baking pans, etc. are easily sourced cheaply in the market. They range between 10,000 – 15,000 naira. If you do not own an oven, a fairly used oven is around 25000-30000 naira.
- SALES OF SECOND-HAND CLOTHES, SHOES, AND UNDERWEARS
Most Nigerians prefer to buy second-hand clothes because they are cheaper than brand new ones. If you are someone who is in tune with trending fashion, you can easily penetrate this market. A bale of second-hand clothes from popular market Kantagua is around 30,000 naira. You can sell these clothes in your neighborhood or advertise them online.
CONCLUSION
The great thing about these businesses I have listed for you is, if you do not have the knowledge, you can acquire it, and the cost of learning these skills is affordable. They are also great side hustle, which means you can run other businesses while operating them.
It is important to know that most of these businesses will require very effective marketing on your part. You may need to print flyers and posters to hand out. As the popular Nigerian saying goes “you go waka small”. It requires a lot of networking, so you can’t be shy if you’re willing to take on any of these businesses.
Later on, referrals from your clients, who have enjoyed your products and services will also help boost your sales. Making a good impression on your clients is a must.
Luckily, with the help of social media apps on your mobile smartphone like Twitter, Facebook, Tik Tok, Instagram, YouTube, WhatsApp, LinkedIn, etc. marketing and advertising your products and services have never been easier, so make sure, you utilize them to the fullest.
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