Small Scale Business Ideas In Nigeria – The past few years have been difficult for most people. The catalyst was the COVID-19 pandemic. The Corona pandemic has resulted in global lockdowns, loss of jobs, closing of businesses, and ultimately the collapse of the world economy. One thing is certain is that you will be alive to read it. That’s a lot to be thankful for.
In the new year, it is important that you come up with ways to create an additional source of income to support you and your family as the world continues to feel the effects of Covid-19. One way you can do this is to start a small business in Nigeria.
Small Scale Business Ideas In Nigeria
Instead of looking back and thinking about how unpleasant the past year was, why not pick yourself up and think of a business idea or something that will come true, while you wait for that job offer or that million dollar contract to come?
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You can just start, once you decide on the small business in Nigeria that suits you, that is perfect for your location and even the amount of capital you have available.
A small business in Nigeria can help put a little change in your pocket, It will help you meet some of your needs while generating extra income for food supply, your child’s welfare and school fees school, your fees/responsibilities, and some funds. before the owner knocks on your door.
Here is a well selected and researched list of small businesses in Nigeria that you can start with little or no capital this year.
This is a profitable small business in Nigeria that I would recommend to anyone, especially if they are gifted with the skill for it or have a good interest.
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If you are starting a hairdressing business for women. You can practically start it with small investment. But it’s not the same for a men’s hairdressing (barbershop) business. Starting a barbershop may require slightly more capital than a hair business targeted at women.
Most people in the business of hairdressing for women started either from their balcony, in a small open space or under a tree.
I remember when girls and boys were sent to mama Bisi’s house or to Uncle Tosin’s “under the shade” corner to weave or cut their hair for school.
This small business in Nigeria can be more profitable than people think. Most of them now hire workers and apprentices to help them in their shops as the business grows.
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However, I must add that the only way you can be a hairstylist, barber, or wig maker and make cool money without renting a shop, is by being smart, and friendly, and asking your regulars customers (relatives, neighbors, friends, or ex-colleagues) for referrals especially when their hairstyle speaks for you.
Then think if you can start making plantain chips to sell around your neighborhood, trust me, your neighbors will enjoy you.
You can start by buying a bundle to fry, package them properly, and sell for ₦50 or ₦100 and if you have spare money, you can negotiate with the youth to help distribute it at a reasonable cost. , this way everyone happily gets his cut.
Others to try might be groundnuts, chickpeas, and peanuts. You can also contact vendors at schools around you, and offer to give them out each day when they go on.
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Don’t forget that there is a lot of money to be made while they are at home too. Just be creative and strategic.
Instead of waiting until you can buy a washing machine and dryer before starting your laundry business, you can start with your basins, detergent, iron, and pressing board right now; and expand with your proceeds.
I met a young chap who started this business a few years ago, to sponsor his education and doesn’t even iron clothes for you. His customers provide laundry detergent, and sometimes the basin and water supply to wash for them.
Whenever he picks up the clothes, that is if it is a home service, he takes them to his accommodation, washes them, and returns them dry (his customers do the ironing themselves or he pays extra for here).
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So, if you don’t mind washing extra clothes to earn a living, you can consider being a washer for a while and over time buy your washing machines and dryers.
Another profitable business that you can start while waiting for that success is to become a food distributor, especially when you have the means of distributing these goods either through a vehicle that you own or rent a car, truck or bus.
You need to know that this business needs some start-up capital because there is no supplier willing to supply goods in large quantities on credit these days.
This food distribution business can be a very profitable business with the right dedication.
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The main things you can distribute are bread, bottled or sachet water, drinks, and stationery, but make sure you are looking for retailers or customers you can supply on a daily basis, before investing heavily in the business. this.
You can always start with the few you’ve got – street vendors, kiosks, roadside shops, etc; so, you will not run out of business and lose investment.
Schools, churches, and offices are always on the lookout for people to help reduce their workloads in terms of typing and printing large files.
If you have a laptop or desktop computer, a printer, and maybe a generator (to avoid power outages) then this is an ideal business for you.
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It’s a good idea to visit schools or offices around you to advertise your skills as exam questions, meeting minutes, bulk proposals and letters need to be typed and if you’re also good at graphic design , it’s more money for you.
There is hardly a person on the street without a mobile phone, so you can start a recharge printing business or become a retailer.
But remember, this requires some start-up capital to learn how to print them yourself or buy large quantities from someone who prints for wholesalers.
Like the washerman and hairstylist business, rendering home services has become a norm; from grocery shopping to food delivery, to cooking, cleaning, and much more.
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If your meals are usually supplemented because you are a good cook, you can cook for others as a home service, train them to cook, clean homes and offices, run errands or become a personal shopper. groceries.
Remember, there is always a service to provide, so make your idle time profitable and if all goes well for you, one day, you may own a logistics company.
Just like cooking in homes, if you have coolers, cooking utensils, pots, and a small space outside your home, then you can start a mini restaurant or “Buka” as we usually call it in this part of the world. world
Just as food is a necessity in every home, and like Jesus who made five loaves and two fish to feed the multitude, you can turn your food, small funds, and skills into a profitable business for you, by of feeding and providing drinks for strangers and making money from it.
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Being a roadside vendor has its pros and cons, but one thing you can’t deny is that it puts money in the pockets of those who venture into it.
From selling food to snacks, water, and drinks, biscuits and sweets, gala, stationery, popcorn, etc., even to making shawarma and small chops without a permanent structure, these businessmen and women are seen in every corner.
If you already have a store or a physical space that you use for business, then you can also become a POS agent and earn extra money.
Or you can start a POS business in Nigeria from scratch. This is a very good business that you can earn N3, 000 to N10, 000 Naira daily.
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Some of the best POS machines in Nieria are Opay POS, GTB POS, Palmpay POS, Moniepoint POS, Baxi POS and Nomba (Kudi POS).
Apart from everything listed above, one thing you should remember is this, your skill can be your main source of livelihood, but you need the right association, location, and capital to make it profitable.
Don’t wait for manna from heaven or hundreds of thousands to start a business, or money to rent a shop, start with your small space, and with discipline and dedication, watch it grow into an empire. So, if you have no skills, try to learn something now. I wish you all the best in 2021.
Receive the best tips on how to earn, save and invest money in Nigeria – In your inboxSubscribe to get great money content in your inbox. These Businesses in Nigeria you can start with small capital, we have grouped them (businesses) by sector for easy analysis and understanding.
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Nigeria is full of vast profitable business opportunities that anyone can take advantage of. As one of the most populous countries in Africa, Nigeria has a market for businesses. Businesses that do well in Nigeria are those that can solve the basic problems of the people. Economic instability
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