The most frequent question people asked me as a person when engaged in discussion is what small businesses can one start in present day Nigeria with a small amount of investment capital?
Are you a Nigerian and want to start a business in 2020 with a little amount and don’t know what business to do? Well today I will be telling you about the businesses you start in Nigeria or anywhere in the world with little or no investment capital.
The truth of the matter is that everyone wants to do something he or she is passionate about or at least something that makes them happy. And it will be an added advantage if it fetches them money in the long run.
The internet has come to stay and people like you and I have to basically leverage on the opportunities presented by technology. Here I will show 10 businesses you can start in Nigeria with small amount of investment capital that can fetch you money with little or no money.
- Uberpreneur – Driving for Uber
Basically there people who go Uber driving do so for the purpose of making money, but there are a lot of advantages that come with Uber driving. One of which is that you become your own boss and you literally pocket every dime made from driving.
I know of guys that make up to N80,000 to N120,000 weekly. And it is very easy, all you need to do is to register with Uber, fuel your vehicle and wait for a passenger to call you.
- Social Media / Influencer Marketing
Facebook, Instagram, Twitter, Snapchat and YouTube – Social Media basically is by far the best way to engage people in this era. If you are crazy about social media, here is your best opportunity to make money, there are a lot of Nigerians who are making millions for just influencing products and services using social medium platforms.
Firstly you must build up a following on any of this platform. Getting followers on these platforms doesn’t usually get easy and that’s where the main work lies. But if you have a good following ranging to hundreds of thousands of followers it’s easier for brands and companies to approach to advertise for them and you can charge them per post. Verified accounts attract bigger companies so if you can get a verified account, it will be better and easier for you to attract your clients. Social Media/Influencer Marketing have made many millionaires in Nigeria.
- Web Design and Development
Web design and development is an essential skill that is in this information and technology dispensation. Web designers and developers are valuable assets in society and are in high demand. One of the advantages is that you can actually work on your own schedule. Though it pays very well you must be willing to learn by giving your time and little resources.
You can charge up to N50,000 to N250,000 to design a site. You can use a free platform like WordPress to create and develop your sites. And if you want to learn web design and development you equally contact me.
- Graphic Design
Adobe Illustrator and Photoshop are to me the best tools available to learn and create graphic designs. They are very easy to navigate and learn from.
Graphic designs are very important to businesses and perfection is needed. Quality work is needed so you must be very skilled for you to excel in this field. As a start you can show your designs on Instagram and other social media platforms to your potential clients.
- Freelance Content Development / Ghost Writer
Are you very good at writing articles? Well if you are, you don’t need to waste your gift. You can actually utilize your writing skills by signing up as a freelance content developer and writer.
There are a lot of companies in Nigeria such as blogs, media agencies and start-ups who are willing to pay for someone who can write a clean copy of contents, be it for blogs, advertisements or websites. Most media and blogs pay for editing services also. Though might cost you little or nothing but it is really stressful and time consuming especially if it’s a side hustle.
- Starting a Blog or Vlog
Blogging or Vlogging is a very lucrative business in Nigeria and have made many millionaires. Blogging on topics like food, fashion, movies, politics, health, etc which are very good niches and attract huge traffic can easily make you earn a lot of money.
Blogging comes with a lot of work like I am doing now. You need superb writing skills and also you’re your target audience and their wants in order to satisfy them which is the only way you can get a great topic to write on that can drag traffic to your website. You can also make money blogging with Google AdSense, displayed Advert, Affiliate Marketing or selling information products such as e-books, etc.
Blogging has made a lot of youths millionaires in Nigeria but a lot of work must be done for you to be very successful in blogging which means you must be prepared to learn, spend time, work hard and be patient and in the long run you will see results.
- Cake and Cupcake Bakery
One of the most common businesses among young ladies in Nigeria is making, decorating and selling cakes. It is done on a low budget and can be done right in your kitchen at your own schedule and convenience.
The fastest and more paying jobs are making cakes for wedding ceremonies, birthday parties and supplying cupcakes to whole retail vendors. Your products can easily be marketed using social media platforms and can be patronized by immediate family members and neighbours.
- Small Chops Food Business
Like cake making, Small Chops food business is very lucrative and easy to start. You also supply this snack to big events like weddings, funerals and birthday parties, small chops are also the preferred choice when gathering friends for a get-together, boat cruise and a time on the beach.
Because of the high demand of this product in the market, your creativity and packaging must be top notch as there are lots of competitions. You just have to make sure your packaging is superb and you become the most wanted small chops supplier and your income automatically skyrockets
- Digital Marketing Agency
Measurable marketing and ROI is what is practiced here. Digital marketing agencies are typically focused on results-oriented marketing in the digital world and are different from traditional marketing agencies. Nigeria is gradually growing in digital marketing and has a few digital marketing agencies. If you possess the digital skills and experience to drive results for your customers, starting your own digital marketing agency will be much easier without capital since little investment capital is needed.
- Drop Shipping
With a laptop or smartphone, internet data and your social media platforms e.g. Facebook, Twitter, Instagram, etc. (which could serve as your online shop) drop shipping becomes very easy as little capital is all you need to get started.
Also Read: Top 5 hidden ways to get referrals
Drop shipping is a lucrative business idea and can make you a fortune. The secret of the business is identifying and knowing what the people need at the particular moment and knowing where and how to source for those items. I’ll advise you to use AliExpress or Amazon if you wish to start this business.
Conclusion
All 10 businesses you can start in Nigeria with small amount of investment capital above have tested and proven to be very reliable sources of income here in Nigeria.
If you have any questions you can drop them a comment box and I will respond to them.
