10 BUSINESSES YOU CAN START WITH LOW CAPITAL IN NIGERIA

It is always the small pieces that make the big picture even in business, so starting with low capital is even a right start in business. Small scale enterprises (also, small scale businesses) are essential to the Nigerian economy for industrial growth and diversification. The definition of a small scale enterprise may vary in different economies of the world, but the underlying concept is the same. Some measures used to define small scale enterprises include annual sales, asset valuation, net profit, headcount and balance sheet totals but we are going to look at these business as business with low startup capital and easy startup requirements. Small scale enterprises operate in diverse industries. Even if you are thinking of growing a very big corporation, it is always advisable you start small. Like a grain of mustard seed, there is a great company in every small business it all depends on the entrepreneur.

1. Beads And Jewellery making    Beads and Jewellery making is a viable business that can keep you busy and at the same time get you real cash. This business can be done by anyone as it is not all that demanding, best fitted for students or housewives to keep idle hands busy. As with every business that has to do with fashion, you need to follow trends by reading fashion and jewellery blogs and magazines to know what is actually invoke in the market.

2. Buying and reselling

When I was a student this was one way I got money by buying nice shoes and clothes and reselling to my fellow students at a profitable price. It is easy to start as you can start with any amount you have and move on as your purchasing power increases to purchase more goods.

3.  Cake baking and meat pie making

This can also be a very profitable business that is easy to start and can be a very profitable as there is always demand for cake for birthdays and wedding. This business can be done by anyone, for the start you can rent the equipment for the preparation. Even students can also make money from their friends by making cakes and meatpie for them or even teaching them this skill!!!

4. Laptop and phone repairs   

This was one way I made a lot of money while in school. The major requirement is to get the knowledge and be good at it. You can make money even without having a shop, just with the power of referral after a good job well done you can become so popular in your area and make a lot of money. You can move on to the sales of used laptops and computer parts. Phone repairs is just like it, I know a friend who made a lot of money with it in school to even rent his house and pay his school fees thought-out our school days.

5. Website design 

This is a viable business where you skill can take you from grass to grace. All you have to do is to practice and be good at what you do. You can learn this skill by paying at any computer training school or you can even teach yourself this skill. I tell you the truth this business has many millionaires.

6. Real-estate agency business 

Do you know if you can convince people to buy properties you can make as much as 10 percent of the amount they used in purchasing the property? Yes and am not done yet, you can also show people rental units in your area and get money in form of agent fees.

7. Freelance Writing 

Writing is great skill and can turn you into a millionaire. You can grow into a writer for major publishing and media houses or even make money by writing your own books.

8. Dry Cleaning and laundry

This is also a very lucrative business you can start small and move on to become great at it. Though the startup cost is a little bit high due to shop rent with more customers you can make a big venture out of it.

9. Tailoring and fashion making  

The fashion industry is a very profitable one. You can make a lot of money by making great dresses and design for both male and female. As with every business that has to do with fashion, you need to follow trends by reading fashion and dress design blogs and magazines to know what is actually invoke in the market. If you doubt how lucrative this business can be, you can ask.

10. Private tutorship and training

with what you know, you can make money and still reserve you knowledge. Infact this is the cheapest to start as you can start with nothing but yourself. Become a freelance teacher and get people to pay you for what you know without them taking it from you.

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