Do you want to find out the cheapest businesses that you can start in Nigeria and make amazing profit? Are you looking to start a business that is not capital extensive but can help you make a daily living in Nigeria? Then you are on the right page. In this post, I will share some amazing business opportunities that you can start in Nigeria with little or no capital.
“Cheapest business” in this case means any business that you can start with a very small capital. So if you are looking for those type of business ideas, we have got you covered in this post. Let’s examine some of them.
See Also: 10 Businesses You Can Start With 50K (Or Less) In Nigeria 2021
Cheapest Business To Start In Nigeria
Start An Errand Service
If you are looking for a cheap business to start in Nigeria, one of the easiest options to go for is to start an errand service company. An errand service company is a service that you can provide to people who do not have enough time to run their errands. Errands might span from grocery shopping, and also includes everyday tasks such as cleaning, washing clothes and washing cars.
To run a successful errand service, you need to network with people who are more likely to patronise your business. Typically, people in high networth neighbourhoods are more likely to patronise your errand business in Nigeria than people in low-cost neighbourhoods.
Additionally, you may want to focus on one area of running errands. In Nigeria, grocery shopping has become extremely popular in recent years. Just decide how you want to do your business, and execute. I have a friend who started a an errand service that focuses on helping people shop from local markets. They make a list of what they want, and she helps them get it from the local market. Her business grew rapidly to the extent where she had to employ other people to join her. So, I know it is a very viable business if done properly and it is very cheap to start.
See Also: Starting A Business In Nigeria: A Comprehensive Guide
Start A Writing Service
A writing service is another cheap business to start in Nigeria. If you already own a computer or smartphone and already have access to the internet, you are set to start your own writing service.
When I finished the voluntary National Youth Service, I was introduced to Fiverr by a very good friend of mine and it was from the platform that I started my writing career that has spanned a couple of years.
I can tell you comfortably that you can make more than 100,000 Naira every month by offering your skill as a writer on freelancing platforms. To start, register on platforms like Fiverr.com, Freelancer.com and Upwork.com
See Also: How To Make Money Online In Nigeria: 13 Strategies
Consider Becoming A Painter
Another one of the cheapest business to start in Nigeria is painting business. There’s a friend of mine who struggled to find jobs after we graduated from the university. He learnt how to paint by serving as an apprentice for a painter, and in under 6 months he started his own painting business with just a paint brush and a paint roller.
If you are looking to start a business that will cost you little to no startup, then painting business is a very viable one. Just make sure that you advertise your business on the internet to connect with more people. As you continue to deliver great jobs, you will get word-of-mouth referrals.
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Become A Private Tutor
Private tutoring is another cheap business to start in Nigeria. If you have an affinity for teaching, then this idea might be the best for you. All you need to do is to create awareness around the area where you want to provide the tutoring service and parents who need your service will get in contact with you.
To start, simply print posters that advertise your service and paste them at strategic places. Make sure that you include your contact details so that anyone who is interested in patronising you can reach you effectively.
When the calls start coming in, make sure that you create a proper schedule and don’t take more classes than you can handle. As time goes on, you can connect more tutors to tutoring opportunities that you cannot take and maybe take a small percentage for you service.
See Also: How To Become A Successful Fashion Designer In Nigeria
Consider Staring An Interior Decoration Company
If you have an eye for artistic details, colour combinations and arrangement, then you should consider starting an interior decoration business.
The interior décor business is a thriving business. It is a business that caters to the interior decoration and furnishing needs of clients. It involves creating beautiful and livable spaces for homeowners based on their budget; adorning a space with fashionable, beautiful things, and giving final aesthetics to homes.
Decorators can work with real estate companies, hotels, industry professionals, individuals, custom home builders, interior designers to implement modern home designs and transform houses into inviting homes. They can be hired to decide on an interior decorating style, choose a color scheme, layout, purchase furniture, and do a bespoke decoration.
See Also: How To Use Social Media To Grow Your Small Business
Start An Affiliate Marketing Business
Affiliate marketing business is another one of the cheapest businesses to start in Nigeria. It involves registering to affiliate networks, and earning a commission for every sale that you make. Affiliate marketing is a very easy business to start, but you need to be dogged, determined, and very smart to succeed with affiliate marketing.
To start, you need to find a product of interest and sign up under an affiliate program. You will be provided a unique ID as a tracking link.
Once a potential buyer clicks on the link and visits the merchant’s site, a cookie file identifying the affiliate is stored on the user’s computer. And, as soon as the visitor buys the product, the merchant automatically knows where the buyer came from. Following that the merchant pays the agreed commission.
Some of the best affiliate networks for Nigerians include the following
- Amazon Affiliate Program
- Jumia Affiliate Program
- Konga Affiliate Program
See Also: How To Start A Blog In Nigeria And Make Huge Profit From It
Start An In-Person Delivery Service
Have you ever bought a product and had someone deliver to you in-person? Those people that make door-to-door deliveries on behalf of sellers are in-person delivery service providers. This business is especially feasible for people living in Lagos because the delivery needs of the markets in Lagos is quite huge.
To start this business, simply go to any of the major markets in Lagos. In the market, approach sellers to inform them that you do door-to-door deliveries. Drop your contact details, and when they have goods to deliver on a route you know, they will call you. It is really that easy.
See Also: 20 Small Business Startup Ideas For Entrepreneurs
Nigerians are generally hardworking people and they love entrepreneurship. But due to the unfortunate economic situation of the country, many Nigerians are on the lookout for the cheapest business to start in Nigeria. Hopefully, this post can help point you in the right direction for businesses you can start with little or no startup. The ball is now in your court.
Are you looking for other profitable business ideas in Nigeria? Then get our researched guide; 35 booming business ideas. It’s a strategic and financial breakdown of the most lucrative businesses in Nigeria. To keep track of our activities, follow us on Instagram.