Starting and running a lucrative business in Nigeria requires a lot of things including determination and focusing on your business. Most often in Nigeria people always say I need so much money before I can start a business. What you actually need to start a business in an idea or experience. This idea will make you to start doing what adds value to the people and they …….will exchange that value that you are giving out with money.
In the beginning stages of business in Nigeria, it only takes courage and persistence to create money. This belief that you first need money to make money makes you a victim and gives you no way out. There are many lucrative business you can start in Nigeria with less or no money needed.
People often think that for you to start manufacturing anything that you have to have much money. I have a friend who started manufacturing paint with less than 800,000 Naira and today he has advanced. Manufacturing in Nigeria needs determination and understanding your target market. It is a very lucrative business.
Below are some things you can start manufacturing with less money:
Most of the small machines you need to start are being sold for less than 1,000 dollars and anyone can acquire it and rent a little space of store. When you start recording success then you expand.
2. Snail Farming:
Snail farming is very easy to start and you don’t need up to 100,000 Naira to start this business. Snail is very expensive in the restaurants and yet very easy to start. You can get some snails for free at the bushes and one snail lays about 300-500 eggs. They mainly eat grasses such as spinach…It is very easy to start and require less money. I will still discuss more about this particular business in the near future.
3. Dry Cleaning:
This is a very good business to start with less money. Easy to start and easy to run the business. All you need is a rented store, one washing machine, 2 pressing iron, water storage and other minor things with at least one or 2 workers. Note: Know how to wash the cloths and iron it neatly and your customers will keep on coming and recommending you to others.
4. Web Designing:
It is relatively very easy to start designing a website if you have knowledge about it. You can make so much money doing so and starting and running the business requires little or no capital as all you need is the knowledge. You need to learn how to host a website too.
5. Rental service:
This part of business is very lucrative considering the demand of rental products in Nigeria. From renting chairs and table, to dresses, cooking utensils, canopies, stores, spaces, etc… It requires little or no money to start as you can get some of the items from manufacturing at credit.
6. Writing Articles:
This requires no money to start as long as you are a good writer. Some websites and blog pays people to write a great content article. Such website is amebovillage.com which pays people that writes an article as guest post with some number of likes in the post. You will be going with some money starting from 3k and in a month you may make more than 30k.
7. Car Washing:
This is another good business that requires less capital. Rent out a space for a year and get all the required materials needed for car washing, waxing and shining. Hire few people that will do the job, advertise and make it conducive for people especially the waiting area where they sit and wait for their car to be washed.
8. Child care:
This has proven to be very lucrative and easy to start. If you know how to take care of kids very well then you can start this as many people usually drops their kids to these child takers before going to work. You can start with your own home which is almost free as anyone who brings their child will also provide the food or pay you separately for their food.
9. Fresh Juice Producing:
You can start this at home as all you need is to buy some juice extraction electronics which is very cheap. You can start this one with about 70,000 Naira and you will be selling it to some restaurants and students.
10. Medicine supplier:
Very lucrative and easy to start with less money. Rent a store, meet some pharmaceutical companies and drug importers, buy the drugs from them and supply to local clinics and hospitals.
11. Become a DJ:
In Nigeria most DJ makes a huge amount of money in few hours. You must have passion for music before you start this one. Know how to select some good music and operate the instruments. It requires less money. Get the speakers and you are good to go.
This requires less money as all you need to do is to buy from people and resell at your own price. You can buy from importers or directly from china, India or any other where. You can resell cloths, phones, accessories and many other things.
13. Recharge Card Printing:
This is very easy to set up with less money. Buy the printing machine and know how to operate it. Find customers and you are good to go.
This requires less money to start. find your niche, register a website and host it which won’t take you much money and install word press on it. Start blogging immediately. It is very lucrative if you have good content, many visitors and good SEO. You can as well start with no money as all you need to do is to have a Gmail account and log in on blogger then create your blog for free.
15. Cake Making:
Every day people celebrate their birthday and if you are good at making good cakes. people will always refer their friend to your shop. it is very easy and requires less money to start.
16. Printing press:
This is very easy and requires less money. Rent a store, Buy a small printing machine which does a lot of work and you can start printing fryers, wedding cards, posters, and many more.
17. Real estate agent:
Less money is needed as all you have to do is to go to places and know lands, houses, offices. That is being out for rent or for sale. Advertise to potential buyers and direct them to the sellers. You will get your percentage at any sale.
18. Wedding Planner and Decoration:
Very easy to start and run. Get a space as office and buy or rent some of the beautiful decorations. Learn how to decorate and you start off. Have a very good detailed knowledge on how to plan a successful wedding and one goods turn deserves another. It is very lucrative business.
There are other small businesses you can start in Nigeria with less or No money and when you manage it properly with rooms for expansion. Your business will grow and you an easily get loans from the bank to expand more and more. Many people who started their business never start with much money as being speculated today, It only requires determination. Rome wasn’t built in a day.
Take action every day, one thing at a time, and your efforts will soon pay off.