Mmesoma Christophine There are about 7 businesses you can start with little or no capital in Nigeria. People have been complaining about bad economy, instability of the government, unemployment, starvation as the case may be.
Do you know you can start these businesses I am about to mention with little or no capital and still make more money from it in Nigeria regardless of whether the government is falling or has failed already.
Below are businesses you can start with little or no capital in Nigeria:
Table of Contents
Service based business
This type of business deals with your skills, what you know how to do very well with little or no supervision. As a human you must be good at a particular thing, very good in the sense that you will be among the best if not the best.
1. Freelancing:
The act of performing one’s duties outside of the chain of command.
One can start freelance business like writing, this one is favorable to writers, if you can write very well, you cn consider this business. There’s no capital required to start this one. Graphic design, web development, website management these are jobs you can do at the comfort of your home. All it requires is intensive training and mastery.
2. Tutoring:
In Nigeria teaching is the most stressful job with the lowest pay, looking beyond that, you can become rich from tutoring, all it will take take is to have knowledge of what you want to teach, you not necessarily have to submit an application to become a classroom teacher.
There are people that are eager to learn one thing or the other from you, it don’t have be academic related topics alone. Discover what people need study it and impact knowledge, you will be making your money, here no finance is required of you to start, you only gain.
3. Consulting:
With your experience, people can come to you for guidance in areas of business, career, health etc. Because you have the experience, you can help them and be making your money so long as you’re leading them through the right path, you will be recommended to others your finance keeps growing.
4. Cleaning Services:
This one is very common even a stack illiterate can do it, all it will take you to do it very well and you will be paid immensely for a job very done.
Online Business:
There are some online businesses you can do with minimal or no cost and still earn more from it.
1. Content creating:
Content creating is currently a trending online business that pays. One thing about content creating is that you have to creative, make a different, keep a standard in order to be outstanding, don’t just do it because you heard people are making money from it.
Two things that booms someone’s content is talent and organization. Before you create a content, check if you are talented in what you want create , look for what the people want, then organised it in such a way that no one will come across it and just pass, make it interesting.
Why I emphasize on talent is because if you have to hire someone that’s talented to do it for you it we definitely cost you but if it’s in you already you can’t tell me you will pay to achieve it. When your content attract visitors you can get ads and sponsorship and your account is monetized and get promoted.
2. Affiliate marketing:
Affiliate marketing is promoting products and getting commission from every sale you make through referral links. Advertising and promoting products is one online business that pays in Nigeria. In affiliate marketing, the product you’re are promote mush have high quality demand, it should be something that people needs and can’t do without.
3. Drop shipping:
This is another online business that pays. Drop shipping involves selling products online without holding inventory, rather you supply directly to the customers. You don’t have any inventory license, you supply direct to your customers.
4. Virtual Assistance:
Here you help business administrators to manage their emails, you send and receive mails and get paid.
Skill – Based Ventures:
Coming to skill based venture as one the 7 businesses you can start with little or no capitals in Nigeria, what can you do? What skill do you have? Have you thought about your talent? What are you using it achieve? Do you know you can turn that your skill or talent into a business.
1. Homemade products:
Creating crafts, bead making, using beads to beautify pretty necklace, bracelet, handbag, floppy flap (slippers), artistic works, homemade detergents etc won’t cost you much but you will definitely earn more.
2. Event planning:
Offering Services for birthday, wedding, festivals and other ceremony requires just your skills to achieve.
3. Photography:
This is a business you can start with affordable equipment and earn from it, all it will take you is your consistency and ability to make up with people’s demand.
4. Fitness classes:
You can organize fitness classes for individuals that wants to be fit both physically, mentally, emotionally, spiritually and otherwise as the case may be depending on the area you are emphasizing on.
Sharing economic opportunities: This involves leveraging what you have, leveraging what you have means using your assets to make more money such as rent out you houses , shops, vehicles and get paid, it will make you to invest more. You can also use your vehicle for ride -sharing or delivery services. Remember what you are using is what you already owe, you don’t have to spend again to get another equipment because you have it already.
Pet or child care services:
Pet sitting/ walking is another business you can start with little or no capitals in Nigeria, taking care of pet when their owners is not around. Child care services is a another avenue to make money in Nigeria. Recently most parents are always busy some even work during odd hours to provide for the family all they can do is to get their child or children someone that can be helping them out. In this kind of business no capital is required you only get paid.
Buy and selling:
It is another business you can do with little capital. Reselling of source items is also one of them. Commission based sake is also involved, you discuss with the suppliers and earn commission on every sale you make. Starting up a business currently in Nigeria requires a very huge capital to achieve. But when you resell source items or venture into commission based sale you can start up a business if your own with the money you made.
Social media and influencing:
Social media and influencing is another business that requires no capital to start. All you have to do is to capitalize your online presence, grow small business to gain online presence. Collaborate with brands to grow your followers, your account will be monetize you earn bigger.
3 Tips on how to succeed without capitals
1. Network and market creativity: Relying on face – to -face interaction , personal connection, networking, your ability to convince people to agree to your point of view is one the tips to succeed without capitals.
2. Barter skills: In those days when commercial skills had not been established, people trade using trade by barter system. Do you know you can still exchange your services to get resources you don’t have? Think about it, no capital is required.
3. Leverage free tools: leveraging tools like WhatsApp platforms, market places like Julia, can help you start up something without capitals.
With creativity, skills, talent, consistency and determination you can start something and earn from it beyond your imaginations all you need is to make research, find out what the people’s needs are. With little or no capitals you can still succeed as a Nigeria.
