Have you been looking for small scale business to start and earn money in Nigeria, well we got you covered. In this post we outline 20 best small scale business ideas in Nigeria. Some of which requires a very little capital for startup. The business are both online and offline.
We also explain all what you need to successfully run and execute these business ideas.
The Best Small Scale Business Ideas in Nigeria includes
- Blogging
- Dry Cleaning Business
- Tomato Farming Business
- Ice block Production and Sale
- Mobile Phone Repairs
- Sports Betting Agency
- Liquid Soap Production
- Car Rental Business
- Film Production Business
- Eggs Supply and Distribution
- Affiliate Marketing
- Cosmetics Production Business
- Internet Radio Business
- Email Marketing Business
- Call Card Business
- Cake and Cupcake Bakery
- Plantain Chips Production and Sales
- Cloth Designing and Tailoring
- Hamper Business
- Small Chops Packaging
1. Blogging
If you can write or have the capacity to learn how to write, start a blog. Blogging is now a good way to launch an internet business. All you need is internet access, good research skill, an interest, and a laptop and a lot of time. Your most important and perhaps expensive investment in a blogging career is your time.
Set up a free blog with WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.
2. Dry Cleaning Business
This is one hot business idea in Nigeria at the moment. A lot of people have done well in this business and still are doing well. There are a lot of people who are too overwhelmed by work that they may not have the time to wash their clothes. Therefore, you may want to look into starting a dry cleaning business.
3. Tomato Farming Business
This business is rewarding, and at the same time, not expensive to start up. However, before you start the tomatoes business in Nigeria, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand. Also, they will let you know the varieties that are patronized best. You will also need to ensure that the seeds you finally pick will grow well.
4. Ice block Production and Sale
Nigeria is located within the tropical climate region with an abundance of sunlight and heat.
Unfortunately, the electricity supply is very poor, making it difficult for homes to maintain adequate stock of cold water in their refrigerators. This is what makes ice block production a money-spinning business in Nigeria.
People require ice blocks to keep their water and drink cold. Your market includes households around your neighbourhood, retail shops, restaurants and bars that need to keep their drinks ice-cold at all times.
The good thing about this business is that you can kick off with the little you have. You need A deep freezer as well as a medium-sized generator and you’re all set. As you make money, you can scale up by acquiring an ice block making machine.
This is a business idea that will fetch you good money if you are patient to learn how to repair and maintain mobile phones. With less than N50,000 you can start a phone repair and maintenance business in Nigeria.
All you need to start is a little training, a laptop, software tools, some regular home tools (screwdriver, soldering iron, brush, battery tester, etc.) and some marketing to let people know what you do. You will also need to develop good relationships with dealers of quality accessories. With as low as N5,000, you can purchase a repair kit from any eCommerce stores. Just make payment with your debit cards, and you’re ready for business.
Sports betting has become a goldmine business in Nigeria as the young and old take advantage of their love for football to make money while enjoying the round leather game.
This also explains the reason there is an upsurge in sport betting companies (bookmakers). The sports betting companies need agents to relate with players directly. You will need a neat environment for office space ( a shop will do), a generator, a computer, a printer, an internet connection, And a fixtures board. Next, you sign an agency agreement with your bookmaker. With some companies, you make money in three ways, viz: board game, virtual game and deposit you make on behalf of your customers. With N250,000, you can sure be in this business and begin to smile to the bank.
The market for liquid soap in Nigeria is so large that the well-established brands are not meeting demand.
Every household in the country needs this product. So there will always be a demand for it. You just have to be the one supplying.
If you look around you, you will find homemade liquid soaps with no branding at all, packaged in used plastic bottles being sold for between N50 and N100. With a little investment, you can make so much money producing liquid soap and selling to supermarkets and other shops that retail to end-users, restaurants, bakers, caterers and home keepers.
You may have to acquire some training that is available at vocational centers run by churches, government, and non-governmental organizations. Create a large market by branding and fine packaging and you will smile to the bank.
Cars all over the world aren’t a luxury but a necessity. There are times however when some people may need car rental services. This is where you need a car rental business. Be sure you understudy an expert who can make you learn all the ropes within time
Nollywood is one of the fastest-growing industries right now. Every often blockbuster movie is being churned out and those who are the helms of affair when it comes to film production are doing all they can to see that great movies are produced. You too can join the bandwagon when you start a film production business. You do not need any qualifications to join the train.
Apart from its dietary needs, eggs are used to make many products such as confectioneries, cosmetics, soaps, hair conditioners, shampoo, glue and face masks amongst many others.
Supply of eggs is a business that can be started on a small scale and grow to become a big venture. If you want to go into this business, the first thing you must do is to identify poultry farms that produce quality eggs and/or large egg distributors.
Then develop a network of buyers who are many and varied around your neighbourhood. To succeed, you just need empty egg crates and a delivery van. Minus the delivery van, you can start this business with less than N100,000.
This lucrative online money making opportunity anyone can start with little or no investment. An affiliate marketer is one who helps companies or individuals sell their products and earn a commission.
Products you can sell online here can be digital products or physical products. You can sign on with as many affiliate programs as you can handle and use your affiliate links to promote the products through social media or by creating dedicated websites. Many people in Nigeria have become millionaires through affiliate programs.
If you love beauty, then going into the cosmetics business will be your best bet. For you to do well in this business in Nigeria, you will need to engage in some deep research.
Why is this important? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.
If you are interested in going into the internet radio business, then you should be conversant with the fact that it is different from traditional radio setups – especially as the source for your internet radio business is a computer. Before starting this business, you should know what topics you would need to discuss to appeal to your target market, and what kinds of business you would be concentrating on.
Over the next few years, the acceptance of e-mail marketing as a means of advertising is expected to grow and you can place your own company to take a substantial share of the market by starting your own e-mail marketing business now and offering your clients first-class services with proven results that would keep them coming back and referring others.
Email marketing companies help small, medium and larger businesses connect online with existing customers to promote the sale of goods and services.
Outsourcing email marketing services allow businesses to focus on other areas of business development.
This type of business is also known as the recharge card business in Nigeria. There is hardly any adult who doesn’t own a phone. This is one of the reasons why those in the recharge card business are doing so well. You too can join the train as you begin to tap into the market.
Making, decorating, and selling one-of-a-kind cakes and cupcakes for occasions ranging from birthdays to weddings to anniversaries is a great business idea for the hobby baker to pursue, and one that is potentially very profitable.
You can get started on a shoestring budget by baking and decorating right in your kitchen. An effective marketing idea is to send samples of your cakes to interested parties to make sure they send business your way or showcase pictures of the cakes on Instagram using appropriate hashtags.
You have seen it everywhere – the delicious crunchy snack made from unripe plantain. Hawkers sell them along the highways. The catch is, you probably did not realise how lucrative it is.
What else, you don’t need to be a UAC or Leventis Food to engage in the plantain chip business in Nigeria.
A small-scale plantain chip enterprise with an initial investment fifty thousand is capable of returning N10,000 in profit daily. If you’re looking for business ideas in Nigeria with low capital, you should really consider this.
You can start this right from your kitchen. Just place your brand name on the transparent nylon, and you’re good to go. You will need to get some coaching from someone already doing the business, learn some recipes and develop a supply chain both for your raw materials (plantain) and finished products.
This business requires skills. So, the first step to your success is to acquire skills. Go for both English and traditional wear tailoring, fashion and design training. Once done, boom! You’re made. Cloth designing and tailoring is often a neglected business idea that is highly paying and the good thing about it is that you can start on a small scale if you like.
In Nigeria, there are seasons when the hamper trade is an all-time high. If you know you have the knack for gifts, then you can look into starting a hamper business. You will need to decide if you want to deal with already assembled hampers, or if you want to be the one assembling it.
Starting a small chops packaging business is a lucrative business idea in Nigeria. Nigerians desire for light meals like small chops has greatly increased in the past years.
Aside from big events like weddings, funeral and birthday parties, small chops are also the preferred choice when gathering friends for a get-together, boat cruise and time on the beach.
The great thing about small chops is that even though there are a lot of people offering this service, there certainly won’t be a shortage of demand. The key to being a successful small chops business owner is creativity and packaging.
Source: Getinsurance.ng
0 Comments: