Small-scale Businesses In Nigeria You can Start with Low Capital

Have you been thinking of starting a business in Nigeria, but you do not have enough capital? This article reveals some amazing and profitable small-scale businesses you can start in Nigeria with little capital.

Small scale Businesses In Nigeria You can Start with Low Capital
Small-scale Businesses In Nigeria You can Start with Low Capital

 

 

 

 

 

 

 

 

There are lots of lucrative businesses in Nigeria, but without a doubt, some of these businesses require a whole lot of capital to start. Instead of waiting for the best moments to build up your capital, why not start with what you already have at hand?

Small-scale Businesses In Nigeria You can Start with Low Capital

Although some people have fears about starting new businesses, these fears may arise from the uncertainty of success. In this article, we shall discuss some very viable and profitable businesses you can start with little or no money in Nigeria.

Cheapest Business to Start in Nigeria

Here are some of the top businesses in Nigeria that lots of people know about but are very lucrative and require very little capital.

Digital Marketing

This is one of the best businesses you can start with very little capital in Nigeria. Digital marketing helps businesses grow fast and with the rate at which technology is growing, digital marketing is becoming one of the most lucrative businesses in the world.

To start this business, you do not need much money. This business can be started with just your smartphone. You do not even need a physical location or shop, to begin with.

All you need to start this business is your skill and a good market strategy.

Computer/Business Center

In times past, this was an opportunity for people to browse the internet when they did not have access to computers.

However, this business continues to make massive profits for the people who indulge in it.

This business does not need a lot of capital to start; all you need is a computer system, a very good internet connection, a printer, some chairs, and a very good location.

Home Food Delivery Service

This is a very good business for people who love cooking and know how to cook. It is a very good opportunity to showcase your cooking skills to the world and get rewarded for it. It doesn’t need much capital to start.

This business can be started from the comfort of your home.

Baking

This is another skill-oriented business that does not require lots of income to start.

However, there are lots of things to keep in mind before starting this kind of business. First of all, you need a very good business strategy and a business plan to make it a very profitable business.

It will be a very comfortable business to start if you have little capital and you like baking. There is a very wide market around you to explore your trading and marketing skills.

Event Planning

There is a very high demand for event planners in Nigeria because of the massive celebrations. Nigerians love celebration, and they can go a long way to make their events the very best.

If you have this skill, you are going to make lots of money out of it, and you do not need lots of capital to start with.

You do not need a physical shop, to begin with; you can market your brand from your house.

Electrical and Home Appliance Repairs

This is a very good business you can start if you have good electrical and trading skills.

If you are an electrical engineer who can detect and fix faults, this will be a good business for you.

You can also sell electrical appliances alongside. You do not need lots of money to start this business.

Foodstuff Business

This is one business that does not require a lot of skills to start. You do not need a lot of money to start this type of business.

It is a very profitable business because food is an everyday need, and your potential market is all around you.

Phone Repairs and Phone Accessory Sales

This is a high-demand business because almost everyone in the world now uses a phone. If you have the knowledge and skills for phone repairs, this will be a very good business to start.

All you need are the available tools to start with. You need very little capital to start this business.

Furthermore, you can sell cheap phone accessories along with them to expand your market reach.

Rental Services

This is one of the best businesses to start with very small capital. This business can be started from the comfort of your home.

All you need is something to rent out and a very good advertising channel.

Some materials you could rent out include plastic chairs, canopies, musical instruments, and halls for people holding events or occasions.

Photography Business

Photography is a very nice business, to begin with very little capital. However, to keep your customers, you must have the necessary skills.

The photography industry, which is a very old industry, continues to upgrade itself and requires people who can cope with the increase.

To start this business, all you need is a very good camera, good photography skills, and good marketing skills.

Graphics Design

Graphic design is one skill that will continue to be in demand as long as technology continues to persist. To start a good business with your graphic design skills, you need a very good graphics computer, a smartphone, graphics design skills, and a good portfolio.

With all these, you can begin to market your skills and provide the best value for your customers.

Fruit Business

Selling fruits is a very good business to start if you have very little capital. You do not have to expend a lot of energy looking for buyers because we all like eating fruits. All you have to do is know how to work with fruits, how to preserve them, and how to sell them.

It does not require a large investment to get started, and you can do this business from the comfort of your own home.

Online Classes

This is a very nice innovation that has already been utilized by lots of people in Nigeria.

It does not require lots of skills and money to start. All you need is knowledge of a specific skill and the ability to transmit that knowledge. You can do this business anywhere and earn lots of money training people online.

Blogging

Blogging had to be on this list because it is one of the most lucrative ways to earn money in Nigeria. Although it requires some consistency and diligence, its rewards are worth the process. You do not need lots of capital to start this business; all you require is a computer and a very good internet connection.

Make-Up Artistry

This is another business whose rising need cannot be underestimated. There is no reason for you to be employed if you are a skilled makeup artist. You can start your own business with little or no capital.

All you need are the necessary tools and good marketing skills. There is an increasing need for beautification on many occasions. Therefore, you will not lack customers.

Frequently Asked Questions on Small-scale Businesses In Nigeria

What Other Small-scale Businesses Can You Start in Nigeria with a Small Investment?

Some other businesses you can start in Nigeria with a low capital include:

  • Drop-shipping
  • designing and printing on t-shirts
  • Launch your book.
  • create a fashion boutique
  • Create digital products and sell them online.

Which Small-scale Businesses In Nigeria can I start with N20K?

You can start the following businesses with as little as N20,000:

  • selling second-hand clothes
  • Printing and photocopying
  • Operating a barbershop or a salon
  • Selling foodstuff
  • selling fruits and vegetables.

Conclusion

Starting a business requires more faith and courage than money. If you do not have the appropriate capital to start your dream business, build your capital with any of the businesses listed above.

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