Are you looking to start a business in Nigeria but have limited capital? You’re in the right place! In Nigeria, many aspiring entrepreneurs face the challenges of high prices and limited funds.
However, there are promising opportunities that require minimal investment. Here, we’ll explore business ideas that allow you to start with low capital in Nigeria.
- Point-of-Sale (PoS) Business: PoS is a good business as Nigeria goes cashless. It’s easy to start, taking a few weeks if you meet the bank’s rules. You’ll need about N80,000 to N100,000, which covers the PoS machine and other stuff. Find a good place where people need financial services.
- Laundry and Cleaning Services: For laundry, you need a washing machine, soap, iron, and more. The machine costs about N70,000. Taking care of clothes is important, and you can learn dry cleaning. You can offer services to motels, guesthouses, and homes.
- Fashion and Design: You can make clothes with a sewing machine, needles, and more. A sewing machine costs around N90,000. Start at home and be patient. Get better with time and word-of-mouth referrals.
- Event Planning: Nigeria has many events, like weddings. Good planners are needed. You can rent equipment and use social media to promote your services.
- Online Marketing: Use social media to market products. Grow your followers and brands might hire you.
- Make-up Artist: People want beauty services. You need makeup stuff and don’t need a shop. Get trained for a few months to a year. Use social media and referrals to grow your business.
Starting these businesses in Nigeria does not require much capital, but it does require hard work and smart promotion.