Start a Business with little capital in Nigeria: Read How

A lot of people feel that establishing a business requires a large amount of finance. While this may be true in some cases, however, there are other businesses that may be started with little or no capital.

Regardless of the fact that you don’t need a lot of capital to start your business, You still need to come up with a good idea, create a brand, market your business, and give exceptional customer service.

Let’s look at 10 businesses you can start with very little money;

1. A Bakery or a Restaurant

In Nigeria, the food industry is one of the most popular and profitable. Restaurants are also highly popular.

Food remains the most basic necessity of life, ahead of clothing and shelter, regardless of how poor people are. they don’t joke with eating.

If you enjoy cooking, you might want to explore opening a restaurant or a meal delivery service. The nicest part about this business is that it can be started right in your kitchen. All you’ll need are some food items, an oven, and some ingredients!

However, you might also consider selling baked goods such as various types of bread, cakes, snacks, cookies, and pizza, among other things. It’s not just a unique business concept, but also a profitable one.

2. Start a Fashion Store online

The global fashion and lifestyle industry is booming as individuals are becoming more fashion-conscious. You don’t have to be a fashion designer to appreciate fashion. You can make money by putting your sense of style up for sale on the internet! Opening an online fashion business is really straightforward. It is possible to begin it at home.

Build your brand around a single or numerous product areas, ranging from dresses to accessories, footwear to jewelry. The quality of the products, as well as customer service and fulfillment tactics, will all play a part.

3. Mobile Phone Accessories for Sale

In today’s Nigeria, this is a tremendously profitable business. You can get started with as little as N50, 000 saved through a platform. While hiring space is a good idea if you have the funds, this company can also be done on the go, by taking your products to where they are needed.

The fast growth in the use of mobile phones in Nigeria is what drives this business. Nigeria’s population is estimated to be 180 million people. More than 160 million people are linked to the internet via their cell phone.

The need for batteries, memory cards, battery chargers, earpieces, screen shields, pouches, and other accessories is rising. Computer Village (Lagos) is a great spot to stock up on supplies.

4. Mobile Phone Repairing

If you have the patience to learn how to repair and maintain mobile phones, this is a lucrative business opportunity. In Nigeria, you may start a phone repair and maintenance business for less than N50, 000.

All you need to get started is some training, a laptop, software tools, and some common household tools (such as a screwdriver, soldering iron, brush, battery tester, and so on) as well as some marketing to let people know what you do. You’ll also need to establish solid ties with quality accessory dealers. A repair kit can be purchased for as little as N5, 000 from any eCommerce site.

Some I.T. companies even provide free GSM repair training. There is also varied software on how to repair, fix, and troubleshoot any phone; all that is required to thrive in this field is the capacity to manage simple functioning equipment. Alternatively, some experienced engineers provide GSM mending courses; why not enroll and begin earning consistent money on a daily basis?

5. Plantain Chips for Sale

After bottle water and sachet pure-water, plantain chips are arguably the most popular consumer goods in Nigeria. The unripe or ripe plantain fruit can be sliced/diced (1 or 2 mm thick) and fried in oil to form chips, which can then be packaged in polythene and distributed. Simply place your label, which will include your contact information, phone numbers, and the name of your business. Because the majority of Nigerians enjoy plantain chips, the more you create, the more money you make. This business can be launched with as little as N10, 000.

You may begin right in your own kitchen. Simply write your company name on the transparent nylon and you’re done. You’ll need to receive some guidance from someone who’s already in the industry, learn some recipes, and create a supply chain for both raw materials (plantain) and completed goods.

6. Start Liquid Soap Production

In Nigeria, the demand for soap is so enormous that even the most well-known brands are unable to meet it.

Every home in the country must have this material. As a result, a market for it will always exist. It’s simply a matter of being the one to supply.

You can find homemade liquid soaps without branding, wrapped in recycled plastic bottles, and selling for N50 to N100 if you look around. This is currently one of Nigeria’s most exciting investment opportunities. You can make a lot of money by making liquid soap and selling it to supermarkets and other retailers who sell to end-users, restaurants, bakers, caterers, and housekeepers.

For training, you might need to go to a vocational school offered by churches, government agencies, or non-governmental organizations. You’ll be smiling all the way to the bank if you can create a wide market with branding and appealing packaging.

7. Car Washing

Car washes will always be in demand, and anyone can do them.

With a little additional money, you may start a car wash that caters to upwardly mobile people by adding a sitting room with a TV where your customers can sit while their cars are being washed.

If you have the room, you can turn the sitting area into a multi-income stream business by selling drinks, snacks, and other goods.

For a car wash operation, the area that may be rented, the source of water, and the washing equipment are all necessary.

8. Recharge Card Sales

In Nigeria, this form of business is known as the recharge card business. There isn’t a single adult alive who doesn’t have access to a phone.

According to a recent survey, Nigerians spend an average of N445 billion per month on voice and data. Even GSM businesses agree that Nigeria is a goldmine for the telecoms industry. You can start with as little as N10, 000 and generate a profit of N2, 000 if you network effectively. In any case, there are three types of recharge card businesses: retailers, wholesalers, and dealers. Whatever genre you choose, it’s a smart business venture because as long as people keep subscribing and calling, you’ll make money.

9. Tailoring and Designing of Cloth

The fashion industry has always been dynamic and ever-present, and this kind of work necessitates expertise. As a result, acquiring skills is the first step toward your success. Pursue tailoring, fashion, and design training in both English and traditional dress. Cloth design and tailoring is a sometimes overlooked but it is a lucrative business opportunity, and the good news is that it may be started on a modest scale if desired.

Different events necessitate unique attire, and one can readily profit from the public’s growing fashion knowledge to make a fair career, and you can start with as low as N30K-N100K.

10. Make and Sell Customized Beads And Jewelries:

Homemade costume jewelry can be sold directly to jewelry stores, gift shops, hair salons, and clothing boutiques, as well as through e-commerce sites like Jumia, Konga, Payporte, OLX, Facebook Shopify, Gtbank smemarkethub, and others etc. It is possible to begin with a small amount of money, between N5,000 and N20,000.

start in Nigeria with little Capital