Starting a business in Nigeria can be difficult when there is no capital to begin. People are filled with great ideas, equipped with business spirit, and want to start this business here and there. In a further aspiration to start it all, many proceeded further to the extent of securing loan, yet there is no much available loan source and if at all there was, the interest is not favourable.
As an entrepreneur, there are major things you need to consider before talking of the start up capital, neglecting the basic things could be the same reasons why you have not been able to start your business.
How about starting a business with low capital without loan? Many entrepreneurs, possibly most, start with little capital when they launch their businesses. So, if you have some money to invest, you’re ahead of the game. Instead of delving into the ideas that I don’t have enough money. There are many businesses in Nigeria you can start with as low 10k, 20k, 30k, 40k, 50k. And of course you can go for something that requires a bit more money up front if you can. In this article i’m going to scale you through some of these lucrative businesses and i believe at the end of your reading you would find it useful and be motivated to get something for yourself.
Businesses You Can Start in Nigeria With 10k 20k 30k
1 Blogging Business
Blogging is the act of writing a post on a blog. A blog originally came from the word “weblog” or a “web log”. You can think of it as an online journal or diary, although blogs are used for much more now, like online journalism.
If you consider a blogging business of course it won’t be a bad idea. Blogging is a lucrative online career. There are many different blogging sites you can use, but the most versatile and user-friendly platform out there is WordPress.
Bloggers makes money from Google AdSense. Google AdSense is a revenue-sharing opportunity for publishers in the Google network. Google place ads for goods and services that are relevant to the content of your site, targeted to the people who frequent your pages. In turn, you get paid when the ad is either displayed on your page or clicked on.
Affiliate marketing is another earning opportunity in blogging. It is when you recommend a product or service to your audience using special tracking links, and then get a referral commission for every time someone buys after clicking your link.
If you are ready for this business, It won’t be more than 35k : (#35, 000) or less to get started with a professional blog. I’m a good example of this business. I started SchoolDrillers on a platter of gold with this same amount (35k) and today I’m happy with my decision.
How to get started: Let me share you the company name that got me stated; Emmanuel Worthwhile. ‘Emmanuel Worthwhile Is The Founder And Editor Of NGSchoolz. He loves to help upcoming entrepreneur, Share Education News from Various Sources to Keep Readers Informed. Emmanuel Worthwhile Is a Forensic Scientist: A Webmaster | Web Developer: a Programmer | an ICT Consultant. So if you are interesting in blogging business, With Emmanuel Worthwhile it won’t cost you so much. Click here to see his profile and contact information. Remember SchoolDrillers is one of the work of Emmanuel Worthwhile.
Businesses You Can Start in Nigeria With 10k 20k 30k
Read also: How to become a professional digital marketer
2 Online Jewelry Business
One of the University of Ibadan student shares her experience in online and prospective jewelry business and it won’t be a bad idea if I share with you. According to her, she decided to get involved in the business after observing how many people viewing her status on WhatsApp and how people got engaged with her post on Facebook. However she started posting some of her jewelry stuff on social media to experiment if at all anyone would order for it. Luckily, one of her friend was interested and negotiated the item with a good discount to open up a good customer relationship. After an agreed negotiation, she went to the market to order the same jewelry and sold to her friend. Brother and sister this is how her business started online including prospecting from one office to another and by God’s grace today she owned a shop for her business. But remember she started online. It is not about big capital, it is about knowing how to industrialize your environment.
How to get started: If you’re interested in this type of business, it is just #10, 000 to get started. You can be buying your product in Lagos at cheaper rate and sell at a friendly rate in your area. And if you live within Lagos you can also do the business within your environment. The business does not require too much stress.
3 Online cake selling
Cake is one of the most consumed snacks in Nigeria. It is often the dessert choice at ceremonial occasions like weddings, birthdays, Christmas, New year and other festivals. Sometimes, cake is presented as a gift. The demand for cake production in Nigeria is always high on weekends because many people do their wedding ceremonies then.
During Valentine season, the rush for cake can be overwhelming. Everyone wants to show his or her lover that they care through cake. A birthday party without a cake is incomplete in any part of the world today.
How to get started: You can learn cake baking online like You Tube or Google. 1st step as I said earlier is training or get a recipe online. Step two: Buy equipment’s like cake mixer, scale,cellophane bags n strings for packaging, cupcake pans and cupcake cases. Spatula, measuring spoons and cups, good flavors. Step three: You would need to find point of sales and create awareness
4 Selling soft drink or bottled water:
selling of soft drinks and water is a very lucrative business, because it’s every day consumption product, if you are in a very populated area or cities you can consider this business. You can start this business with just ₦10,000 or less and above.
How to get started: Get a space in a busy area like commercial bus terminal, buy a big cooler, an umbrella, iced block, a small banner to indicate what your selling. You can also include the sales of recharge card as well.
5 Popcorn Business
People consume popcorn and buy snacks ever now and then, and popcorn is one of the most selling snacks, because people eat it in their home, along the road, in their shops, vehicle and even in the cinemas. Staring popcorn business doesn’t required a shop to get started, in most cases it only required an exposed environment. Popcorn business has no gender discrimination and if you get the right tools for popcorn, the business is totally stress free, also you can be making good amount of money daily if you are in a busy location.
How to get started: Buy a popcorn machine, Corn, Butter, Groundnut oil, Sugar, Salt, Flavor nylon, Powdered milk, and stay in busy road or commercial bus terminal or market.
You don’t need to rent a shop, you can partner with someone in his/her shop since you won’t be disturbing them or you can get an umbrella, clean up any free space in a busy area and start your business. In some cases you may be required to pay some token amount to the local government council to start your business in some area. It will not be more than ₦2,000.
6 Phone Accessories Business
Phone accessories are phone stuffs like phone chargers, air pies, USB drive, memory card etc. People have issues with their phone accessories every day mostly chargers. This business is very lucrative if you are in a busy location. Starting this business is not costly; you can start this business with 20,000 naira. You must have bought charger or ear pies before, this is to say people are buying it always due improper making of chargers this days, people run into one problem or the other with their chargers, and required them to get new, because they can’t throw their phone away.
7 Fast Food Business
Everyone eat food, sometimes we cook what we eat by ourselves. But do you know it is not all the time we feel like cooking or even have the time to? Even if you prepare your breakfast by yourself, how about launch and dinner? Will you go with your cooking stuffs to the office? This is why restaurant and fast food joints will never run down. You can set up a mini restaurant with 20k to 50k and start making money from it. You can even deliver to companies at the break time in saving them the stress and time going out to look for food by bringing it to them at the office; they will so much appreciate you while you make your money.
8 Dry Cleaning Business
You can start this business right from your home with small capital like 50k. If you don’t have money then use you hand for the washing and iron them, I am sure you have a pressing iron already. If you have money to invest, then you can get a washing machine and start doing it right in your home till you are able to raise cash for store rent.
Businesses You Can Start in Nigeria With 10k 20k 30k
9 Fish Fingerlings Production Business
Have you seen catfish before? the baby of catfish is called fingerlings. If you are a person that like agriculture such as farming, then you can venture into this business as it very lucrative but it required some skills. There are places to acquire the skill in most cases it cost you nothing. The process of producing fingerlings is easy, the only important thing is getting buyers ready before production. This business is lucrative, you can make up to 50,000 Naira in your first production that spend just 4,000 Naira on. fingerlings farming is very lucrative.
10 Recharge Card Business
Even without money you can start this business if you have a bulk seller that trust you. This business is the act of buying and distributing recharge cards from producers to retailers, you are the middle man here. You can start this business with 50k if you don’t have a recharge card producer that can give you to supply and pay back after supply. You will need a bicycle for movement in other to be saving transportation cost.
Read this: How can you think like a champion
11 Shawama/Barbecue Business
This is another business you can start with small amount and be making some cool cash daily, shawama is consumed daily. Some people like eating barbecue or shawama while drinking in beer parlor and also like buying for their family. The right place for this business is a front of beer parlor, or club. You can start shawama or barbecue business with as low as 20k.
12 Poultry Business
You can do poultry farming right in your backyard. You can buy a big cage that can contain up to 10 chickens, and in just 5 months you can start selling them for 3,000 naira and above each specially in season of celebration. #30000 can get you started in this business comfortably and there is no too much stress on it.
13 Plantain Chips Business
Many people enjoy eating plaintain chips in office, school, car park, market, and so on, people eat this every day. You can start this business as a company by packaging it in advance way and putting label on it just as the once you see around. If you are doing it the right way you will get retailers coming to buy from you every day to resell. You can start producing your own and sell to those guys selling along express and people selling in shop. You can start this business with 50k or less.
Nice write-up
Thank you
Thank’s alot
You’re welcome