10 Ways To Start A Business With Little Capital In Nigeria
Starting a business from scratch in Nigeria is a big issue! From business registration to staff management. The taxes, lack of electricity supply, market competitions and labour cost and unwanted expenses.
The process to pass through before starting a business in Nigeria will drain your pocket if you’re starting with a low budget.
However, I have carefully make research which are listed below on-demand business ideas in Nigeria you can start with little capital.
These inexpensive business ideas are overlooked, but people are making fortune money from them. Use these proven and business ideas to build a six-figure. Some of these business ideas require a zero budget, and it is no question ask. All you need is to get ready and be goa oriented.
Below are the 10 businesses You can start with little capital in Nigeria
1. Mobile repair
Mobile phone repair is a multi-billion dollar industry that requires minimum investment to start and little to no experience. With the increasing number of smartphones, the cell phone repair industry shows a lot of promise and a good future. But, it isn’t easy for people with less financial resources to start their own mobile phone repair center from scratch. The easiest way out is to start small, right in your house.
A cell phone repair business focuses on repairing broken or damaged cell phones and tablets.
The costs of starting this type of business are not high and you can start with N50,000 for your tool kite.
You can Check prices at Jumia Nigeria
2. Affiliate marketing
Affiliate marketing is the fastest and easiest way to make money online. It doesn’t require any big startup amount, but if you want to be successful in this business module, you need to invest a little.
You may need some marketing tools and advertising platforms to put your affiliate links in front of potential buyers.
You can get a lot of marketing software starting with less than 15,000 naira.
3. Logo design
If you’re a creative individual, then designing logos is a relatively easy business to start. You can do anything from designing unique logos to customizing ideas from templates. Even if you are not a graphics professional, you can easy teach yourself on how to design a logo online through canvas app and other graphics app both on mobile and system with little token and charging your client for logo design service rendering.
Take advantage of free software out there to create a stunning logo for your client. Logo designers are the fastest money makers in the freelancing industry, as big companies and small businesses are demanding logo as their brand awareness.
4. App developer
With the mobile revolution in full swing, the demand for apps has never been higher. When it comes to technology, there are plenty of career paths one can take. One area that has seen an incredible rise in popularity is that of app development. Millions of apps are available today, from music apps to banking apps that help people perform specific tasks.
An android developer develops applications for use on phones and tablets that utilize the Android operating system. The cost involves the hosting and domain name with little advertising.
5. Cleaning Service
Think of rendering a cleaning service to neighbours. You can clean houses with all of the supplies and equipment you already use for cleaning your own home and then invest profits into specialized equipment for other clients.
6. Vlogging on YouTube
Now that you don’t need to be a partner to earn ad revenue on YouTube, anyone can start a channel, make videos regularly, and profit from them for a very limited investment. Youtube videos don’t require much effort; anyone can start uploading quality videos to YouTube and getting paid.
Don’t assume you need an expensive camera, either. Vlogging can easily be done using your computer’s built-in camera or a smartphone camera. Start vlogging regularly and see profits in your account.
One of the hot business in Nigeria for both Unisex is Makeup artist business.
If you’ve got a way with makeup you know how to create magic with powders, lipsticks and shadows, then this could be the business for you. As a makeup artist, you’ll help clients look their best for weddings or other special events, give makeovers to people who want to update their everyday looks and more. You can start this business with N50,000; all you need is makeup, brushes and sponges, and your innate talents.
8. MC (emcee) services
In-case you possess good communications skills and a knack for public speaking? If so, your skills are in high demand from corporations and organizations worldwide as a professional emcee. Professional emcees are often hired to host an event, open a seminar series, or act as the master of ceremonies for events ranging from charity auctions to annual general meetings for large corporations. You can easily rebrand yourself on social media and get client job done whenever you are invite.
9.Shopping For Others
There are countless business opportunities you can start with N50,000 or less. Think of the Jumia Force program, Konga Affiliate; you help people shop on Jumia or Konga, and you get a commission. All you need is a smartphone and a good internet connection.
10. Domain name-buying
Buying and selling domain names can be a great work from home business online. There is a low upfront investment required to get started. If you want to make good money online, buying and selling domain names can be a great idea for you.
You can buy a domain on the cheap — sometimes for less than N1200($2.5). If a business comes along and needs that domain, they’ll sometimes be willing to pay an exceeding amount for it. There are different web hosting companies that offers Domain Reselling with a good Price. Companies like(Whogohost, Bluehost, Lethostnow)
What Are Domain Names?
A domain name is the address of a website that people type in the browser URL bar to visit your website. For example explicitloaded.com.ng is my blog domain name.
In an easy terms, if my website was a house, then my domain name will be its address.
You can use domains in various ways to make money; you can buy a domain name at a low price and then sell it at a high price.
Starting a business isn’t impossible, even with next-to-no money. There are plenty of free resources to help entrepreneurs grow and succeed. All it takes is dedication and an entrepreneurial mindset.
Start taking actions from now; the earlier you start, the earlier you succeed.
I hope these business ideas have helped you conceptualize how you can start a business with little capital or without much upfront investment.
I wish you the best!
Kindly use the comment box in case of any question or guide/Business tips.