6 Business Ideas With Low StartUp Capital In Nigeria That Can Generate Millions
Looking at the hot and trending best small business ideas you can start with little capital and bag millions of profit from.
While the search for jobs keep increasing on daily basis as the number of jobs keep decreasing due to the high increase in population and other factors, there is also increase in the question of what are best small business ideas and what are the best small business ideas one can start in Nigeria to make a living.
We all know that Our Colleges and universities are graduating Tens and Thousands of students annually to compete and fit into just few available jobs. Because of this, tens of thousands of people are considering starting a home based business and other profitable business ideas.
On average, home-based businesses are mostly low-cost startup business idea and good business that anyone can start without having to go through the long process of learning and mastering the deeps roots of the business.
People who have been part of the traditional 9-to-5 workforce and are on the verge of retiring from that life are thinking of what to do next. Well, it’s best advised you save for your retirement avoid long stories in the future. The good things about Starting a small profitable business idea today is that it’s almost within the reach of anyone who wants to take a risk and work hard. So, let’s move ahead with the list of best businesses to start with little money
List of Top 6 Small Business Ideas with Low Startup Capital In Nigeria
Computer Repair as a small business idea
Before starting a computer repair business, Study the main types of computer hardware and software that system users will want–word processing, photo manipulation software, mail merge, spreadsheet, design and especially security software. Investigate all the components–monitor types in all their varieties; keyboards, from wired to ergonomic to wireless; mouse types; as well as peripheral components like printers and scanners. Become completely familiar with all the ISPs (internet service providers) available in the market area you plan to cover. Establish yourself as the guru who can meet the needs of the personal computer user, the small business or a larger corporation.
You will need Experience, training or licensing, you will also need to have a good communication skill just to keep your customers as well as referrals. Starting a computer repair from your home will gradually push you into getting an office and within a few years’ time, you will become and incorporated company if you play by the rule. You can contact us for the business plan on computer repair now.
Event Planning as a Small Business Idea
Nigeria is becoming more porous and open to event and show business, the love for event programs, shows, and parties is on the increase and as such you can take advantage of this green sign waving you into the entertainment world. One of the first things you need to do is visit every potential event location with which you plan to work. Work with the marketing manager to tour each site and learn what is available at each location. Start a database that will allow you to sort venues by varying features–the number of people each site holds if there is equipment available on site, will you need to arrange for rental chairs, sound system, etc. Then when you are beginning to plan an event with a client, you can find out what the key parameters are for the event and easily pull up the three or four sites that meet the basic criteria. And engagement parties, etc. Good luck.
This business has expansion possibilities and it can gradually pull you into becoming a popular celebrity in though you are or not full time into the entertainment industry. You don’t really need any professional skill here, all you need to be a good logician and know what people in a particular area want.
Photography as a Small Business Idea
Even those on Campus can do this business and make huge profits. This makes photography one of the best small business ideas for students as making money as a photographer can be done in a number of different ways. You can specialize in one area, the most common being weddings. There are niches you can explore for photography: portraits of people and their pets, families, and homes; photographs of holiday events, birthday parties or Christmas cards; the possibilities are endless. A standard Cannon or Nikon Camera sales for about $400-$500 (average of 150000).
However you may need Experience, training or licensing. Learn the basic and go pro and watch how clients infiltrate from nowhere to you location.
Website Developer as a Small Business Idea
Dog Breeder as a Small Business Idea
Pets are phenomenally popular in the U.S. but its gradually getting popular too in Nigeria and I suggest you take advantage of this and make you known with this business practice. While many people are willing to adopt from animal shelters, others are looking for a specific breed. Purebred dogs are more popular than ever and can command large sums of money. Guess you know that buying a dog is very costly, if you don’t know, why not take a tour and check out how much a Foreign and Local dogs are sold for one. But becoming a dog breeder is serious business catering to savvy consumers with high expectations of their pet purchases. You will need to establish yourself as a conscientious breeder who cares about the health and welfare of the animals you bring into the world.
You may also need Experience, training, or licensing. Make sure you segregate the security dogs from the domestic ones to avoid the security dogs from biting people.
Interior Decoration as a Small Business Idea
Interior decoration is one of the good and profitable small Businesses with low-start up capital that can propel you into a multi-million Naira entrepreneur if you can get and become very creative with the works of your hands. Market your talents to building contractors. People purchasing new homes can often be overwhelmed with the choices and possibilities in home decorating. Design some questionnaires for each major element and each major room in the house. Find out how the homeowner will use the home–are there children? Pets? Does the woman of the house wear high heels? Do the home’s residents neglect to remove shoes? How will each room be used? Where might task lighting and ambient lighting be most appropriate?
Experience, training or licensing and helping hands may be needed here. Get up and take a walk and do a market research and marketing yourself and make your money.