Business ideas in Nigeria with low capital.

Starting a business venture is not a luxury in Nigeria! Still, this country has millionaires, and they all must have started somewhere. Even if you do not have much money – you can still start your business in Nigeria! Take a look at the top 10 business ideas in Nigeria with low capital!

Top 10 small business ideas for Nigeria

10. Fast Food Corner

If you dream of something big then you should start from something small. Food is an essential part of being human. You might not believe that but Nigerians spend about half of their earnings on food. Therefore, why don't you compete for these earnings? You just need to know how to cook well and fast. One more thing, find a good corner of the street where you can meet a lot of buyers.

If you have chosen a location for your business, then choose a specialization. Maybe you need to focus on sandwiches! Try to mix different recipes and invent your own exclusive product! You could even just make soups, shawarma or hot-dogs – they are internationally recognizable!

9. Website Designing

It might sound complicated, but you don`t need to know coding to create websites. It`s possible to create something on your own just by using WordPress, Drupal, Joomla. This method is good for small business owners, online stores or blogs. From the start, you do not need to learn how to code. A beginner will need just one hour to create a website on WordPress. Still, it`s necessary to take some time for training.

You can start building your skills while simultaneously offering your services little by little. Do not overestimate your skills! Your first clients will help you to rise! Do not let them down!

8. Day Care Business in Nigeria

If you have a nice house and love for children, then Day Care is one of the business ideas in Nigeria for you! You won`t believe how many children are in Nigeria! In addition, some parents would like their children to be cared for a home environment. That explains the popularity of home based day care centers!

You will need at least a three-bedroom apartment to be able to provide a childcare center. You can also rent this apartment. After that, talk to your neighbors and find out who will need these kinds of services near you!

7. Music Lessons

If you are gifted and have spent years in a music school – then why don`t you open this small scale business? You will just need your apartment and musical instrument to start this business. When you get enough students and money – you can rent a place for your private musical school. You will also need to hire other music teachers to expand your school in the future! This small scale business could be your ticket to wealth.

6. Photographer

If you have a camera, then you may need to take a few lessons to become a real photographer. It`s one of the hot business ideas in Nigeria! You can earn money in different ways with your camera! Maybe you should start with weddings or other social events? It`s possible to make up to N50 000 for just one event!

Holidays, birthdays, parties, model shoots – everything can be a workplace for you. When you earn enough money, you can even open a photo studio!

5. Electronic Repair Service

If you have skills in repairing stuff, then you need to implement them in business. You will not find any household in Nigeria without electronic devices!

- TV;

- Radio;

- Computer;

- Electric Cooker;

- Vacuum Cleaner;

- Microwave Oven;

These electrical products can be found everywhere! It`s one of the profitable business ideas in Nigeria! If you can fix it, why don`t you make money out of it? It`s a good spare time business opportunity that needs almost no investment!

4. Wedding Planner

If you have good communication skills and creativity, then you will enjoy this idea! It`s one of the hot business ideas in Nigeria. Rich and busy people do not have much time to plan their wedding. Therefore, they need someone who can plan this wedding for them. Can you be this person? If you are capable of organising events – then this business is just for you!

If you can get just one wedding done well and you will get your business going straight away!

3. Customized Jewelries

If you are creative in hands-on endeavours – why don`t you create luxurious handmade jewelry? You can use a lot of platforms to sell your products:

- Smemarkethub;

- Shopify;

- Facebook;

- OLX;

- Payporte;

- Konga;

- Jumia.

If you can add your personal touch in handmade jewelry, then it can be the best small scale business for you! Just try it, and you will not be able to stop!

2. House Cleaning Service

There is nothing wrong with this business! If you work well enough, then you will have a lot of clients! You may need no capital at all to start this business. Just try to work hard and you will earn your money. Start with your friends and neighbors. They will help you with this small scale business.

1. Laundry Service at home

It might be one of the best small scale business ideas in Nigeria. You will need from N20, 000 to N100,000 to open this business. Professional laundry is especially needed for events like weddings or parties. In Nigeria, professional laundry services are needed in areas with bad power supply. Therefore, you will have a lot of business opportunities!

Small Business Ideas

Everybody starts from something small, but it can become something great! Try to use one of these Top 10 business ideas with low capital! You won`t believe how profitable your business will be in Nigeria if you work hard enough!

Source Naij

Apartments For Daily Rent As A Profitable Business

[This is a Sponsored Article ]

The business of letting out apartments on a daily basis is not really new, but, on the bright side, you can learn from the experience of predecessors.

This is a good alternative to long-term lease: compared to hotels, renting an apartment is a more attractive option, and the presence of a kitchen allows cutting costs even more. We will tell you how to organize such a business and analyze its pros and cons.

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Business Requirements

· Location: short-term rent is interesting mainly to visitors: business travelers, tourists, and part-time students. Therefore, the important factor is the proximity to the railway, bus station, underground, the city center and its sights, the traffic intersection, etc. If there is a University nearby, you will be full during the period of the entrance exams.

· Room facilities: the apartment must have the necessary minimum of interior items, household appliances and sanitary equipment, the Internet, etc.

· An adequate price. To properly set the price, analyze the offers of real estate agencies as well as ads in print papers and online. Afterwards, determine the basic cost of similar options. And then make adjustments in connection with the pros and cons of your apartment as well as the seasonal factor.
Compliance with these conditions will significantly increase the competitiveness of your apartment in the market of daily rent of housing.

Pros and Cons of this Business

Daily rent as a business implies certain difficulties:
· Lack of guaranteed income – since you will have to constantly look for new tenants and take the seasonal factor into account.
· The source of competition will be hostels and budget segment mini-hotels.

· Letting the apartment on holidays and parties often implies negative consequences.

· You will have to prepare clean bedding, fresh hygiene items and do the cleaning all the time.


Business development

If you don't want to let out your own apartment, the only option to expand is sublease. To do this, you need to find suitable apartments, houses, sign a lease agreement with the owner, and then sublet these apartments to tenants.

There is a big obstacle here: very few property owners will agree to such a scheme while concealing your plans is illegal. According to the law, the lessee has the right to sublet the property only upon the written owner's consent.

You can see for yourself - regardless of the difficulties, if you properly organize everything and take all the precautionary measures, you can start this up and count on a large and stable profit!

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THIS IS A SPONSORED POST: 

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Abimbola is a 200L Mechanical Engineering student in UNILAG. Abimbola is resourceful; she is one of the outstanding students in her department. Her hobbies are reading, singing & making new friends. Everyone likes Abimbola not only for her personality but most especially because she is independent, financially independent. Abimbola earns at least N40, 000 every week on campus.read more

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