Starting a business in Nigeria with low capital can be a challenge for many. However, there are various low-capital business opportunities available that can help you get started on your entrepreneurial journey.
In this article, we will explore 10 businesses to start in Nigeria with low capital as of 2023.
#1. Blogging
Blogging is a low-cost business that can make you money. You can start for less than 5,000 Naira and make money through ads or affiliate marketing.
#2. POS Business
Starting a POS business in Nigeria is profitable and easy. You can begin with less than 50,000 Naira. It involves helping people with banking transactions for a fee. You can consider this business if you have low capital. Just, location is important in this type of business. Choosing or selecting the right location should be your priority.
#3. Mini-Importation
Mini-importation means buying cheap products from China and selling them in Nigeria. You can start with 10,000 Naira.
#4. Popcorn Business
Making and selling popcorn is a low-cost business idea. You can start with just 20,000 Naira, even from your kitchen. You can sell popcorn in bulk or at events and make N10,000 daily.
#5. Become a Real Estate Agent
If you have low capital or even no capital at all, you need to try this business. Being a real estate agent can earn you a lot of money. You connect buyers and sellers and get a commission. You can start with a small investment.
#6. Car Wash Business
Car washing is a simple business that’s becoming popular. You can start with a small budget and offer mobile or in-shop services.
#7. Affiliate Marketing
Affiliate marketing is a simple way to earn money with no capital at all. You promote products and earn commissions when people buy them. It’s beginner-friendly, and sometimes you don’t need any money to start.
#8. Selling Recharge Cards
Selling recharge cards is an old but profitable business. You can start with as little as 5,000 Naira. The demand is high due to phone and internet usage.
#9. Fruit Business
Selling fruits, like apples and watermelons, is an easy way to make money. You can start with less than 50,000 Naira.
#10. Freelance Writing
Freelance writing is a good online job. You write content and get paid. You need a smartphone and internet access to start.
Finally, those are straightforward business ideas in Nigeria that don’t require a lot of money to start and can provide income opportunities. Whether it’s handling transactions, making popcorn, or selling products, there are options for everyone.