In Nigeria, there are a lot of low capital businesses you can start with little or no capital. In this article, I’m going to list these businesses and how to get started. We have many low capital business ideas you can start in Nigeria today and make a alot of money. The amazing thing about these businesses is that they are highly profitable.
This article will cover some of the best business ideas to start in Nigeria with little money. All you need to start any business in Nigeria is just get the right knowledge, be ready to work hard, and have little capital.
The opportunities to start a business are endless in Nigeria. The good news is that, some of this business requires low capital to start, irrespective of the capital, if you work hard, you will be making a lot of money monthly from it. In other words, there are alot of businesses out there that are yet to be saturated. What you need is just knowledge on how to get started. with the right strategies and execution you will excel in it.
If you’re an entrepreneur looking to start a business in Nigeria with little money, here are some lucrative business ideas to start in Nigeria or even in Africa.
Best Business Ideas to Start with Little Money in Nigeria
Here are some top best businesses to start with little capital in Nigeria
- Affiliate marketing
- Catering services
- Catering services
- Foodstuff Business
- Rental Services
- Sports Viewing Center Business
- Makeup Business
- POS Business
- Hairdressing Business
- Barbing Salon Business
- Event Planner
- Electrical Home Appliances Repair
- Graphics Design
- Blogging
- Online Fashion Ecommerce Business
- Farming Business
1. Affiliate marketing
With little money, you can start an Affiliate marketing business in Nigeria. The best part of this business is that you can do it with your smartphone and from your home.
Affiliate marketing is a type of business that allows you to promote other people’s products and earn commissions from each sale. To start an affiliate marketing business, you will need to register with an affiliate platform like Offcamp.
The registration comes with a course that will train you on how to start this business, also you will be added to a mentorship group where you will be mentored and coached, this business can pay you as high as 200k – 1million monthly within 3 months you started. If only you understand this business.
2. Catering services
This is another business that you can start with little money in Nigeria. You can also build this business as an only business. Where you create a website for it and market through facebook advertising or Google advertisemnt. You can offer different services like events, birthday meetings, and other several gatherings, wYou can also offer both cooking, already prepared meal and delivery services
So you can see you don’t need to pay for a store to start this business. You can start with friends and families; You can post on your whatsapp status, facebook page. Once you have enough capital. You can begin to run adverts to make more sales and to scale up.
3. Zobo business
The Zobo business and tiger nut business is another highly profitable business you can start with little. This business is not yet saturated and can make you over 5 million naira monthly if you understand this business strategy.. For this business to work perfectly, you need good packaging and creating awareness. Making zobo drinks is very easy. Just go on youtube and learn how to make zobo drink.
Take your zobo to the market, you can hire a bus, with a speaker on top, always go doing rush hour, which is closing time, Brand your car and your zobo drink. Put the drink in a sealed, clean plastic. Mouth a mega phone with a jingle. Watch as people buy your product. You can sell both cold zobo and tiger nut drinks at the same time.
Here are some items you need to get started
1.Pot, bowl and turning sticks
2. Measuring spoons
3. Plastic bottles
4. Bottles sealing machine
5. Zob leaves, sugar, ginger and citrus fruit
4. Foodstuff Business
Nowadays, the foodstuff business is now moving from offline to online. More and more entrepreneurs are venturing into selling food online. Selling foodstuff online plus home delivery is now becoming a very lucrative business to start with little capital.
As food is something we cannot stay without for a day, and more and more people are busy with work, they might not have the time to go to market. It will be a good move to start a foodstuff business. as a day cannot go by without making sales because people buy foodstuff every day and any customer you deliver to becomes a recurring buyer.
And another important thing is that to start this business you don’t need large capital, you can begin in small size by selling on facebook and whatsapp, running advertisements targeting unmarried people or pregnant women and then scale to a bigger ecommerce food chain.
READ MORE: How to Make Money Online in Nigeria as a Student
5. Rental Services
The rental services industry is a vast one in Nigeria, such as canopies and chairs, car rentals. However, chairs, tables, and canopies are the most commonly rented items in Nigeria due to the large number of events held in the country.
Planning to start a rental services business needs smart strategies. This is a business anyone can easily start in Nigeria, even without capital. You might be surprised. What you need is to meet different rental companies, break a deal with them. Become their affiliate. Set up a mini-sales page website with your contact us details. Promote your website through social media and paid ads. Target major town where parties are regular etc.
6. Sports Viewing Center Business
Sport viewing center is purely an online business, although this business is very hard to scale . Because you will always need a physical space where to set up your Tv stands. This business only focuses on people in villages, towns and cities in Africa who do not have direct access to sport channels and resort to going to sport viewing centers.
To get started in this business, you will need a good location, a structure, chairs, and gaming equipment. With time, you will be able to build a steady stream of viewers.
7. Makeup Business
The makeup business has grown over time, Makeup is no longer just another beauty item. Makeup has evolved into a creative art form that plays a major role in fashion, including fashion, film, and theater. Artists, Models, actors, and more are some of the professionals who patronize the service of makeup artists.
Also, the services of a makeup artist are needed on special occasions like weddings, parties and birthdays etc. Also, another way you can make money is by starting a youtube channel on makeup and another way is by training people and earning money from training classes too.
8. POS Business
The POS business is now becoming a fast alternative than going to banking. Instead of queuing for long hours at the banking hall and because of the scarcity of ATMs. People now prefer to conduct basic financial transactions at the POS stands, this saves a lot of time and moves the economy faster. Because once there is buying and selling going on the economy blossoms. The success of this business is based on the time effectiveness and closer to us.
You could start a chain of POS stands across town and markets.
9. Hairdressing Business
To start a hairdressing salon business, you need to be a skilled and experienced hair stylist or hire the services of a stylist. Hair is very important to humans because this is where beauty starts from, the reason why people go to great lengths to keep it in the best possible shape.
The hair styling business depends on the location you set it up, it can be a highly lucrative business opportunity. You can also teach apprentices, and sell other related product like, hair cream, attachments, etc
10. Barbing Salon Business
Like hair styling, barbing salon depends on the location is set up. The better the location the more lucrative it becomes. And before you start this business, get the skill or hire an experienced barber.
11. Event Planner
The event planning industry is booming in Nigeria, as many people are willing to pay for the peace of mind that comes with knowing that their event will be well-organized and executed by professionals.
This type of business can be done online or offline. You can market your service on google, facebook etc.
12. Electrical Home Appliances Repair
Electrical home appliance repair is a great business to start with little capital. However, it is important to have the skills and knowledge of an engineer or electrician. You can also start this business without a shop, by converting a small space in your home.
You can also work under someone,like building contractor, who will keep giving you contract.
13. Graphics Design
Best Business to Start with Little Money in Nigeria
Graphic design is one of most highly lucrative tech businesses you can start and makes thousands of dollars monthly. This skill is needed world wide and you can offer it both online and offline.. Also you can sell your dein skill by teaching people how to design or creating online courses on Graphics design. Knowing how to design is not enough, but you need to build an eye-catching website to promote what you do to the target customers.
You can offer to design Logos, fliers, template, banners, posters etc .
14. Blogging
Blogging is the type of online business where you share knowledge. And this online business is very lucrative and less capital needed to start.. A blogger can earn a million naira monthly from his home.
To start Blogging, you need to write unique articles either daily, weekly or monthly.You can blog with your smartphone or laptop. You will need to get the service of a programmer to set up a blog website for you.
15 . Online Fashion Ecommerce Business
This online fashion ecommerce business is one of the best businesses, to begin with, with little capital.
You can promote your work via facebook, instagram and whatsapp. To be the best in this online fashion ecommerce business business, you need to create a unique style.
16. Farming Business
To start a farming business, you will need to have atleast a plot of land that is suitable for farming. However, many people are avoiding this business due to risk, without knowing that it is one of the businesses that can make you a lot of money in a short period of time.
Here are some other farm category, you can start with little capital:
- Fish farming
- Snail farming
- Livestock farming
- Poultry farming
- Fertilizer dispersion
- Vegetable and fruit farming
- Bee farming
- Dairy farming and more.
17: Amazon KDP
Best Business to Start with Little Money in Nigeria
Amazon KDP also known as Kindle Direct Publishing is Amazon e-book publishing platform, where as a user you can publish unlimited eBooks and make from it. the platform gives you access as an authors and publishers to write and publish your books to the Amazon Kindle Store. If, you are a passionate and good writer, this online business is for you.
This business can be doing with Just a smartphone and good knowledge of how Amazon KDP works.
