Businesses With Little Capital In Nigeria – To some degree of acceptance, the major goal of any business is profit-making. Profits are the very lifeblood of any business. Without profit, a business cannot survive.
Profits must be made to ensure that a business grows and expands over time! Other objectives of your business are majorly hinged on your ability to make profit. So, are you preparing to make profit in the new year? Here I will take you through some lucrative business you can start with little capital and make profit.
The list of Businesses With Little Capital In Nigeria we provided here is made up of authentic business ideas towards profit making ability, not just some randomly selected junk businesses, they are time tested, carefully selected, high performing businesses you can stake your hard earned capital on and be sure of making profit.
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- Most Profitable Skills/Career In Nigeria To Learn Today.
These businesses are up to date and relevant for the new year and beyond. It can fetch you huge income and make you self-reliance and even become CEO of potential multi-national company. I have taken time to do some research and I will be listing some Businesses With Little Capital In Nigeria You Can Start In 2021.
Businesses With Little Capital In Nigeria;
These are the foremost of the lucrative businesses in Nigeria you can start with little amount of money from 20k, 30k, 50k, 100k, 200k, 300k, 500k, 600k, 700k, 800k, and above. They are businesses you can start without special consultation on anything and everything.
The higher your capital the higher your size of income.
1. Agricultural Business
Agricultural business, also known as agribusiness, is the farming, management, production, and marketing of agricultural commodities, such as livestock and crops.
The agricultural business field includes resource management, farming, conservation, ranching, and sales. There is so many agricultural business; Lets list some of them
1. Organic Fertilizer Production
It requires very low investment and hence can be considered profitable for the startup agricultural business.
2. Dried Flower Business
Growing, processing and selling dried flowers could put you on the path of making money with a sustainable business from the very first year.
3. Fertilizer Distribution Business
The fertilizer industry is getting highly organized in India. Any individual can start a fertilizer distribution business as a small, medium and large-scale basis.
4. Organic Farm Green House
The increased demand for organically grown farm products has led to the growth of this agricultural business.
5. Poultry Farming
Poultry farming is one of the fastest-growing & most profitable agriculture businesses in the current Indian market scenario.
6. Mushroom Farming Business
By doing this business you can make good profits in just few weeks.
7. Hydroponic Retail Store
It is a new plantation technology which requires soil free way of plantation for both commercial and home use. Hydroponics stores sell the specialized equipment and supplies that hydroponic gardener’s need.
8. Snail Farming
It is a process of raising land snails specifically for human consumption. It has a high rate of protein, iron, low fat, and almost all the amino acids needed for the human body.
9. Sunflower Farming
The land is the primary requirement to start sunflower farming. Growing sunflowers for oilseed requires a small investment.
10. Bee Keeping Business
It demands day to day monitoring with close supervision of the bees. Beekeeping business is done for selling honey and other products like wax.
11. Fruits and Vegetables Export
One can start the export of fruits and vegetable business by collecting them from local farmers.
12. Fish Farming
Fish farming is raising fish commercially in the tanks & ponds for the purpose of producing food.
13. Frozen Chicken Production
The demand for this product is growing globally. One can start Frozen Chicken Production business by living in a metro or a suburban city.
15. Flour Milling
Establishing your own brand product is highly profitable in this business. Flour milling business can be divided in two types- small scale flour mill and large scale flour mill.
More Agricultural Business Includes:
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- Grass-cutter Farming
- Rabbit rearing and export
- Livestock Feed Production
- Fruit Juice Production
- Groundnut Processing
- Cashew-nut Processing
- Quail Egg Farming
- Shrimp Farming
- Fish Hatchery
- Piggery
- Soya Beans Processing
- Spice Processing
- Vegetable Farming
- Chicks Hatchery
- Rajanigandha Farming
- Tea Growing
- Grocery E-Shopping Portal
- Landscape Expert
- Medicinal Herbs Farming
- Cactus Arrangements
- Dairy Farming
- Goatery Farming
- Jatropha Farming
- Potato Powder
- Corn Farming
- Certifies Seed Production
- Soil Testing Lab
- Green House Flower Export
- Horticulture Crop Farming
- Potato Chips Production
- Fodder Farming for Goats and Cows
- Agro-Farming Blogging
2. Fashion Business
Nigeria’s fashion industry is one of the most thriving in Africa. It is continuously evolving and becoming a notable industry worldwide. The business of fashion is exploding fast, and you may just want to hop aboard.
1. Online Retail Store Business
To start an online retail store, you need to open a social media account on Instagram, Facebook or WhatsApp.
2. Making of Handbags
Another great idea in the fashion industry is making handbags. You can make bags generally or make a particular kind of bag.
3. Children’s Clothing Business
If you decide to go into children’s clothing, you must give your prospective customers a reason to patronize you. Children’s wears can be costly and scarce, depending on your location.
4. Fashion Blogging
Fashion blogging is still a current trend, and it involves a wide range of activities such as tailoring tutorials, to sourcing affordable material stores.
5. Starting an Online Design School
A lot of people want to learn fashion designing but cannot afford it or do not have a flexible timetable that would enable them to engage in it full time.
6. Wedding Gowns and Bridal Accessories Business
If you desire to go into this area of the fashion industry, there is a substantial market for you, considering how many people get married weekly. In executing this business idea, you must be creative and learn to pay attention to details.
7. Fashion Boutique
A boutique is a typical fashion sales outlet, and any entrepreneur can easily open one without much stress. The major requirements for this business are a strategically situated store and good clothes for sale.
8. Selling Perfume
This business is simple to start and doesn’t necessitate owning a shop or having a workspace you can always order and sell from your phone.
Read also: Useful Steps To Start Real Estate Business In Nigeria 2021.
9. Become a Jewelry Retailer
Both men and women accessorize, becoming their plug would now depend on market tactics. Sell things that are not overly expensive, and you are sure people would like.
10. Make Native attires
Nigerians love wearing their indigenous outfits; you can start making native wears and put them for sale at reasonable prices.
11. Retail wristwatches
A wristwatch is one thing a lot of people do not go out without. Sell wristwatches from designer brands and make reasonable gains in return.
Read also: Reason Why Starting A Pig Farming Business In Nigeria is Lucrative.
12. Costume shop
A costume shop for people to rent or buy outfits for various occasions, it can be for a themed party or an event at school. Rent costumes out and charge a damage fee for anything tampered with.
13. Fashion Consultant
To execute this business idea, you should be well-grounded in fashion and have good communication skills. You need to be able to prove your worth and make a name for yourself to attract clients.
More fashion business includes:
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- Hairdressing and beauty-care
- Barbing saloon
- Fashion design/tailoring
- Mass making of T-shirts and Face-cap.
3. Production Business
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- Bread production
- Plantain chip and Chin-chin/
- Groundnut production
- Making of cakes and Snacks
- Wine production
- Candle making
- Chalk making
- Fruit Juice production
- Yoghourt production and cream production
- Selling of Ice Block
- Blocks making for construction
- Bagged water and table
- Leather production/shoes and bags making
Read also: How To Secure Loan In Nigeria In Few Minutes Without Collateral.
4. Food Business
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- Restaurant/Canteen
- Outdoor catering service
- Selling of Foodstuff
5. Printing Business
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- Publishing, printing of books, calendars, Cards, brochures, newsletter and magazine
- Recharge card printing and selling
6. Services Business
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- Painting service
- Film renting
- Computer servicing and repairs
- Electronic sales and service
- Rental service
- Game center
- Computer sales and service
- Phone/handsets sales and service.
- Even Planner
- Interior decorating
- Photography service
- . M.C/ Public speaker
- Consultant service
- Day-care service
- Web design/development
- Computer school/ training center
- Tutorial service
- Fitness center
- Laundry service
- Dry cleaning service
- Carpet/ Upholstery cleaning
- Car wash.
