Business Ideas With Small Capital in Nigeria

Due to the economic crisis in Nigeria, starting a business without a considerable amount of money is difficult. However, from our research, we have been able to provide a few lucrative business ideas with small capital in Nigeria. You can surf through this article if you are looking for business ideas you can start with small capital in Nigeria.

Top 10 Business Ideas With Small Capital in Nigeria

Here are the top 10 business ideas with small capital one can venture into in Nigeria:

Driving for Uber

Driving for uber is one of the most lucrative business ideas in Nigeria. Aside from choosing to work whenever you want, Uber also gives you the opportunity to earn extra cash. While some people choose it as a full-time job, some other people make it their part-time job (mainly at night after the day job).

An average Uber driver earns between 80,000-120,000 weekly.

Social Media/Influencer Marketing

This business idea is for those who are crazy about social media. You can utilize the time you spend on social by making it a business avenue for yourself. You can make money by sharing engaging content on social media like Tiktok, Instagram, Twitter, Facebook, Snapchat and so many other social media platforms.

once you build up a following from any of these platforms, you’ll attract endorsement deals from major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share. If you have hundreds of thousands of followers, you can easily charge anywhere between 15,000 – 50,000 Naira per post or more—which makes for a very profitable side business idea.

Web Design and Development

Web designing and development is one of the incredible skills that are in high demand in the Nigerian market. You can actually build websites by using free tools like WordPress.

As a web designer and developer, you can decide to work for yourself or even work for others and earn huge pay. An average web designer and developer earns between N50,000 and N250,000 working for others in Nigeria.

Visit Andela if you are in search of where to develop your web designing and developing skills.

Graphic Design

To earn from graphic design, you need to be creative in your designs. It is also advisable you showcase your designs on social media platforms like Facebook, Instagram, Whatsapp, and so many other social media platforms for the purpose of creating awareness.

You can start graphic designing on your own by using tools like Adobe illustrator and photoshop.

Freelance and Content Development

Nigerian companies such as media agencies, blogs, and startups will pay a huge amount of money for someone who can write a clean copy of content, whether it’s for advertisements, websites, or blogs. Some will even pay you for your editing services.

You can make freelance and content development a full-time or a part-time job.

Blog or Vlog

Starting a blog/vlog with a particular niche and focusing on a particular set of individuals is a lucrative business idea with great potential.

Your first step is sharpening your writing abilities, understanding what your audience craves, and learning how to write a blog post that drives traffic and brings you, readers, on a regular basis.

You can decide to write on diverse topics ranging from Cooking, fashion, travel, news, and so many others topics.

Digital Marketing Skills

A digital marketing agency is basically focused on results-based marketing in the digital world. Measurable marketing and ROI are the names of the game.

Click here to see the list of digital marketing agencies in Nigeria. You can start your own digital marketing agency as it does not require too much capital. all that is needed is the digital skills and experience to drive results for your customers.

Drop Shipping

What you need to start this business is your laptop or smartphone, internet data, and your social media platforms e.g. Facebook, Twitter, Snapchat, and others which could serve as your online shop.

So many Nigerians are making millions of naira through this business. The secret of the business is identifying and knowing what the people need at a particular time and knowing where and how to source those items (AliExpress is a good place to start a drop-shipping business in Nigeria).

Small Chops Food Business

Light meals like small chops are in high demand in Nigeria as so many Nigerians desire light meals. These days small chops are offered on occasions like weddings, birthdays, funerals, and even get-togethers.

It is a lucrative business in Nigeria, and even with the increase in the number of vendors, the business still booms due to the high demand for it.

Cake and Cupcake Bakery

Making, decorating, and selling cakes and cupcakes for occasions ranging from birthdays to weddings to anniversaries is a great business idea and one that is potentially very profitable.

You can get started by baking and decorating cakes right in your own kitchen. An effective marketing idea is to send samples of your cakes to interested parties to make sure they send business your way or showcase pictures of the cakes on Whatsapp, Instagram, and Facebook using appropriate hashtags.

Conclusion

These business ideas are lucrative businesses one can start with small capital. To succeed in any of these businesses you need a proper business strategy also, and you must adopt good marketing skills.

 

 

 

 

 

 

 

 

 

 

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