20 Businesses You Can Start With 10k Or Less In Nigeria
Do you really want to know some businesses you can start with as little as 10k or less? Worry no more, I’ll give you a list of 20 ideas.
These business concepts are remunerative and have the capability to make anyone live a comfortable life. Unfortunately, a lot of them are not well explored.
With the high unemployment rate in African countries, many live without any means of income. It is so bad that a lot of individuals are left roaming the streets without even a shelter.
Good news – no matter how bad a situation is, there is always a way out.
Yes! you can live a quality life without having to wait for a state or federal government’s job. You do not have to be extremely wealthy to set up a business and if you know what you’re doing; you’ll be generating enough funds and may even help others.
This article aims to give you insights on how you can start making your own money even with your little capital. The business ideas listed here would give you an idea of how to start something with as little as 10k.
1. Freelance writing business
Freelance writing is the kind of creative writing you do to get paid. Writers do the required writing for clients and publishing companies through blog contents, sales letter, copywriting, product reviews and descriptions, articles etc.
You don’t even need a capital to start. All you need is a laptop or smartphone and your innate writing skills. Just download WPS app on your android phone, look for writing gigs online and start writing to earn.
You can start the freelancing business right from your home and begin to make your cool cash.
2. Poultry business
Poultry farming is on the list because of its variety of raising numerous domestic birds like chicken, turkey, ducks, geese, etc. for eggs or meat.
As a popular business in Africa, it is fast becoming an essential part of farming. In fact, it is one of the profitable agricultural business ideas.
It also doesn’t need immense capital to start out and can be done in the comfort of your home if you’ve got enough space to accommodate the number of birds you simply want. All you need to give them is adequate care. Start small with less than 10000 naira and gradually grow.
3. Fastfood business
This is an evergreen business for every season. It’s always in demand.
People need food to survive! No matter how laborious or robust an economy is, one thing people will never do without is food. This is a business that, if you run well, will make you wealthy.
It’s very easy to win loyal customers. As long as your food is delicious and nutritious, customers will always return. If you can get a decent location, acquire the proper skills and personnel, you’ll be able to run a successful food business.
I know of a girl in the United Nations agency who runs this business. She provides food at conferences, seminars, and banks Annual General Meetings. Today, she can boast of a car and a house.
4. Social media marketing
A couple of years back, social media modified the concept of selling. Social media promotion is a medium for corporations or brands to socialize with customers.
This could be done on a large website like Facebook, LinkedIn or Twitter. It can also be done on smaller sites that are designed for communities. Social media is just like a really terrific hall where individuals mingle with their families, friends or create new ones.
Likewise, customers need to interact with things that are attention-grabbing and relevant to them. Therefore, brands wouldn’t mind employing you to help increase their customer base by relating with potential customers who might have questions, suggestions, complaints or those who prefer to contact the brand via online conversations.
You could start by sending emails to specific companies saying you want to be their social media marketer. Ensure you support your request with some records to prove that you will be valuable to the company. If you can pass this stage, all you need to start is the marketing knowledge, internet subscription and consistency.
Companies wouldn’t mind paying you a continuous amount as a social media marketer to ensure you keep building their brand and further convert social media visitors to product buyers.
Dropshipping offers chain management methodology whereby the distributor doesn’t keep merchandise in stock but transfers to the customer directly. He does this by sending the cargo details to the manufacturer, another distributor, or a middleman, who then ships the products to the client.
As it is practised in the retail business, profit is gotten from the difference between the wholesale and retail value. However, some drop shippers earn an agreed share of the sales made by the middleman.
To start this business, all you need is to decide what you want to sell. Choose a platform on which you want to sell it such as Shopify or other online stores. That’s all.
With dropshipping, you don’t even have to buy or touch the product upfront. The customers order and get the product directly from your online store.
6. Mini importation
This business refers to a business during which you purchase merchandise from abroad (Europe, Asia, America etc) at wholesales costs and sell it within your area for profit. Ensure it is a product that is in high demand in your area.
Before or when the products get to you, start promoting them using adverts and make sales. Believe me, many Nigerians are making money from this business every day.
7. Small Scale Agriculture Business
This business includes the breeding, production and distribution of crops, farm machinery processing, seed supply, marketing and promoting retail sales.
Around 2016, I met a girl named Veronica from Imo state who was into this small scale agricultural business. She lost her parent around 2014 and since then, started a small farm at her backyard. In a nutshell, she is a successful farmer with one of the biggest farms in the whole of Imo state, a car and a duplex.
Hey, you don’t need a huge area and a large quantity of cash to get into the agriculture business. If you have a home, you can still plant some crops in small or vertical containers to get the most out of your area or find a little planting area around you. Whether or not you reside within the town or country, you can take the harvest or produce for sale in the markets.
7. Fish Farming
Fish farming is gradually changing into one of the profitable businesses in Africa. As a result, a decent variety of individuals are venturing into the business like never before. Fish farming not only allows you to rear fishes for others, but you will also be the chief supplier of the fishes in your soup for the whole year!
It involves building ponds, tap or concrete lake, fertilizing the lake, putting the fingerlings in habitable water and feeding them until they’re mature enough for selling. Catfish farming is the most common fish farming in Nigeria.
You can start this business in a small-scale with just 10k by setting up your own fish pond using a 1000 litres open plastic container.
8. Small chops sales
Small chops business, no doubt, is among one of the fast-rising businesses in Nigeria turning out in every corner. This is often because it’s become an irresistible menu choice at events and it’s not stressful to make compared to cookery.
Most people confuse making pastries with making small chops. No, they’re not same. You may be smart at creating pastries and different edibles and sulk at creating little chops. Small chops, also referred to as finger foods, are served as facet dishes at parties.
However, in recent times, people and corporations currently get them organized in reception or workplace, either for celebration or personal consumption. The demand for this convenient and stress-free service has become one of the most lucrative and cheapest businesses you can venture into.
This reminds me of a lady in her mid-20s who came to me for business advice years back, small chops business was what I advised her to venture into and also gave her #7000 after I discovered the skill in her.
A few months ago, I met her and no one needed to tell me that she could now fend for herself without having to beg her neighbours for food and cloth.
9. Laundry services
These days, the laundry business is getting close to being a lucrative business in Nigeria. What is great about this business is the fact that anybody can start such an enterprise with no cash or skill.
Laundry service is as simple as drying and ironing items of clothing. Laundry services are provided to people or enterprises and given the fact that Nigeria is a highly populated country, it provides immense opportunities.
There are loads of individuals who are too inundated by work that they’ll not have the time to clean their clothes. Therefore, a lot of individuals have done rather well to provide this service to help such. You can start by telling your neighbours and friends to tell their neighbours about your laundry business.
If you’re seriously determined, the market is sufficiently big enough to be successful in it. It will even be an excellent likelihood to start out a business with no cash as long as you have your iron, washing machine and a bit of starch. As you get bigger, you can begin to brand and package yourself the more.
10. Social media management
This business differs from the social media marketing business. Social media management is the process of creating, scheduling and analyzing contents posted on social media platforms like Facebook, Instagram, and Twitter.
To be a unique social media manager, you should utilize your potentials by reaching out to individuals and firms to help them reach new customers online & enhance their reputation.
You could use free versions of scheduling platforms like Hootsuite and tailwind to get started. Once you start managing a few social media accounts, this will open you up to other opportunities of building your billion-dollar dream and making it come true.
Getting employed by firms and doing the job extremely well will make you surpass expectations. I’m a living testimony of this business, I started this business by managing social media accounts for my friends, family and also by learning how social media works from interacting with strangers to creating post contents.
11. Sales of past questions (on-campus)
You might be wondering why the sales of past questions on campus should be part of this list. The truth is many students find it hard to get past questions within the school environment and the sale of these past questions will be a great idea for an entrepreneur like you. I want to assume you already have a small printer so all you’ll be needing are some A4 papers and toners.
As you grow and get popular, you can start saving to buy a photocopy machine, scanner, laminator and other necessary assets. You could make photocopies of handouts, exams past questions and other materials as time goes on.
I could remember back then when I just got admission into the university, it was quite hard to get practice questions and I was ready to spend any amount on one. After my first year, I kept my past questions and also got questions from my seniors and made photocopies not for sale though.
However, when I saw the turn-up of freshers/newbies and some ‘staylites’ for the past questions I turned it into a business and discovered it was a very lucrative business. Wherever you are, when you provide a solution to any problem, you begin to earn.
12. Cryptocurrency trading
This is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions.
Cryptocurrency trading is the act of speculating on cryptocurrency price movements. This can be done via a CFD trading account or buying and selling the underlying coins via an exchange.
If you like this, you have to be careful and have a high predicting sense when venturing into this business because it deals with the rise and fall of a currency.
You must have heard of the 12years old Hanson. He bought a $20 cryptocurrency and made nothing less than $18,000 after a short period of time.
14. Public Speaking
Public speaking is an all-time career. If you are going to be an executive in any setting, you would have to be comfortable with public speaking.
This can also be a very lucrative business, as long as you are very good at it.
It requires low or no capital to start. With just your name and a bit of self-promotion, you could eventually represent important people in an event.
Starting a public-speaking business offers you the chance to meet potential clients and societal elites. Gradually, you will establish standards and set your own fees.
15. Mobile car wash
Car washing can be incredibly lucrative but tends to require a lot of startup capital and permits to start. However, a mobile car wash business is far easier to start up and can be very profitable.
A mobile car wash business eliminates the necessity for a physical business location, thus limiting start-up prices significantly. However, the process of starting can be intimidating.
You’ll perform jobs in client garage, driveways, etc. with cheap supplies and tools and grow as needs arise.
Though it requires a little or no capital to start a mobile car wash business, it takes a while to create trust and credibility.
16. Tutoring business
Tutoring makes you teach your area of expertise for money. This business can be very lucrative especially in the city centre as long as you know what you are doing.
Venturing into this business requires little or no capital, maybe transport fares to move around to teach and tell other people what you do on the internet or physically. The beautiful thing is tutoring can be done in your house or client’s house. You can also market yourself online on a number of platforms such as Tuteria.
I know a guy named Kunle who started this business by tutoring street kids after their normal classes for free. When their parents noticed the changes in their children they employed him as a permanent tutor. He was able to sponsor his education and also started his private school from the business.
17. Home cleaning
This is actually the business of cleaning houses which includes dusting, vacuuming, sweeping and mopping the floors of rooms.
Depending on the agreement you have with your clients, it may involve cleaning the bathrooms, mirrors, toilets, showers, kitchen. Wiping appliances, counters, sinks and cabinet doors could be cleaned too.
You can set this up with less than 10k. All you need is transport fares to move around and relatively affordable cleaning materials. You could build a team and get bigger contracts from companies, event centres and religious gatherings.
18. Event planning
Event Planning entails coordinating meetings and conventions, fixing appointments with speakers. Additionally, it also involves deciding a location and arranging printed materials as well as audio-visual equipment.
You can begin by setting your objectives the sponsoring organization wants to achieve, choosing speakers and entertainment, strategizing on how to get prospective attendees to attend. You should also invite business owners that may want to advertise their products and services in the most effective way.
Event planning could be an extremely profitable business that needs dedication, exceptional client service skills, and effective marketing. It requires almost no capital to start.
19. Catering service
According to Wikipedia, Catering is the business of providing food service. This could happen remotely or sites such as a hotel, hospital, aircraft, cruise ship, park, studio, or entertainment site.
This implies that you need to have enough experience in the aspect of cooking.
A very lucrative business requiring a small amount or less than 10k to rent cooking tools the event. There are many well-established cooks on Instagram and you can get inspiration from them.
Blogging is one amongst the oldest varieties of Social Media. Basically, it’s a web journal or diary that represents your whole business. With 7500 naira, you can start a blog. All you need is pay for your hosting and domain to a Nigerian hosting company and design your blog yourself or get someone to do that without making a design mistake.
Blogging improves your brand awareness, search ranking and web traffic amongst other things. You only get to renew your fees once in a year and every other thing you’ll be needing will be provided by free plugins.
However, you’ve got to commit a great deal of your time to promote your business, merchandise and services.
Do you have any interest yet? If yes, Pick the business that best suits your personality and environment then starts counting your cash. 😉