20 lucrative businesses you can start with little or no capital in Nigeria
The lack of money should not keep you from starting a small business. From the article below, you'll find out about 20 lucrative businesses you can start with little or no capital.
Starting a business in Nigeria is sometimes a difficult process that requires a lot of time and effort from the organizer. But, as shown through these numerous examples, new original ideas without investment can have no less profitable financial effect than a small business with a large initial funding.
Do not know how to start and create your enterprise without a large sum of money? These business ideas in Nigeria are what you need to get started!
1. Dropshipping
This type of business can be started without any investment! All you need to do is to sell goods that you do not have. Yes, exactly.
Dropshipping is a direct delivery from the supplier to the customer. You act as an intermediary who collects orders from customers and transfers them to the supplier. The supplier sends the purchases directly to customers on your behalf. In the end, you earn the difference between the supplier's price and the price at which you sold the product to the customer.
2. Event organiser
You offer to organise a client's event for a fee. It can be a wedding, a birthday, a celebration for some special occasion, etc. You should have organizational skills, a certain amount of free time, and the ability to communicate well with people. The list of services ( hall, decoration, musical performance, etc.) is stipulated in advance and prescribed in the contract.
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3. Organization of non-standard tours
You compile an interesting, unique travel route that differs as much as possible from standard tourist tours, and offer it to the client. He buys a ticket and you deal with all the organizational issues and help him throughout the trip.
Non-standard tourism has recently become a very popular small scale business in Nigeria. There are always customers who like active rest. Minimal investments, experience in the field of tourism, and organisational skills are required for the success of such business.
4. Make-up and hairstyle
After training in specialized courses, you can offer hairstyles or various types of make-up services to clients. Make-up artists and hairdressers have always been and will always be in demand. This is because every girl wants to be beautiful both for casual event or for work. So, you will always get enough orders in this lucrative business in Nigeria.
5. Photographer (children, wedding, etc)
You should have the talent of a photographer and all the necessary equipment needed to organize photo shoot for potential customers. You can conduct a photo session, edit the pictures and provide the client with the finished product.
6. Repair of household appliances
You can repair household appliances and offer your services to customers. For a fee, go to the office or client's home and restore the working capacity of the equipment.
7. Creation and promotion of websites
In the 21st century, most purchases and sales are carried out via the Internet. Sellers can reach a wider audience this way. You can find customers who need to create and advertise a website. Sign the contract and execute the order.
8. Private fitness trainer
You can help people to lose weight, become fitter, and offer individual training.
9. Earnings in affiliate programs
The essence of this lucrative business in Nigeria with small capital is to advertise other people's goods or services and to receive percentages from the transaction or a fixed amount of money for one client. This business can be built on the Internet and offline. You can earn a lot but you need to work hard.
10. Creation of an information website
You can create an information site and earn through advertising. You need to fill it with articles and other useful content, then promote and get a lot of traffic. When the viewership of the site grows you will be able to sell advertising on your project.
11. Handmade
You can turn your hobby into an earning tool. If you can knit, make embroidery with beads, products from clay, etc., such products can be successfully sold. Each masterpiece is unique and exclusive. Due to the great demand in almost every city, there are exhibitions and fairs of products created by hand.
12. Carrier services
Often, organizations have a need for carrier services. It is not profitable to keep employees for such jobs as a staff. Also, carriers are in demand among private individuals, for example, during relocation. You can advertise your services and provide them to everyone.
13. Selling of milk from a barrel
In times of crisis, food prices rise and demand does not fall because people always have to eat. Milk is a staple food. You may buy a barrel of milk and sell in bottles in retail prices.
14. Renting of bicycles
Biking is a wonderful way to relax with family or friends. Some people are not ready to buy such means of transportation but they will gladly rent for a fee.
15. Chilled meat selling
Meat, like milk is a staple product. And, the separate parts are more expensive than whole carcass. It's pretty easy to cut the meat of chicken. The essence of the business idea is to buy whole chilled chicken carcasses, cut them into pieces, produce minced meat and then sell the end products.
16. Sale of production wastes and overdue products
When bread is expired, it is often thrown out. But this product can be used as feed for farm animals. The same goes for confectioneries. The essence of this idea is to take such wastes from the factories and sell them to farmers.
17. Self-service car wash
This has no employees - only equipment, water, shampoos and one operator whose duty it is to monitor the shop. Drivers themselves clean their cars using the washing equipment. Because you don't have to pay salaries to workers, the service turns out to be much cheaper than at usual washes. Those who used to wash their car in a yard may become your client.
18. Beekeeping
An apiary with hives in which bees will collect their honey is required. Really clean honey can be produced. People do not always trust the quality of the honey from shops because it's not clear where it was collected and what it's made of. They readily buy this useful product directly from beekeepers.
19. Manufacture of furniture at home
When buying furniture, people usually resort to two options: either they buy ready-made product or make a personal order. For the latter, the choice of shapes, sizes, and colors is so wide that no store will be able to provide the needed assortment. That's why almost anyone can do such business. You should simply be ready to understand the specifics of furniture production.
20. Tutoring
Do you have extensive knowledge and experience and would like to pass them on to others? Are you fluent in foreign languages, good at math or physics? Become a teacher! You can start working successfully in this area as a tutor and perhaps a director of a professional training center.
We hope that the information about these small business ideas was useful for you. Start your business today and good luck!
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Source: Legit.ng
