Starting up a business has been scary for most people because they think it requires some huge chunks of finance, but the truth is there are tons of businesses you can start with as little as NO capital, Yes!
As a matter of fact, irrespective of how little or large your resources may be, it’s always advisable to start small and grow BIG. Don’t go starting out with a big office space and all the paparazzi without having strategic growth plan and learning from experience, hence it’s great you start small.
Now let’s look at some of the businesses you can kick-start with little or no capital, and when I say “little or no”, I mean it, I’ve done some before and currently doing some.
Starting a Blog or Vlog
Think blogging is no longer a viable source of income? Think again. Tens of thousands of bloggers are creating content on topics as diverse as cooking, fashion, gossip, news, travel, film, and lifestyle. Starting a blog/vlog with a particular niche and focusing on a particular set of individuals is a lucrative business idea with great potentials.
Your first step is sharpening your writing and speaking (if it’s a vlog) abilities, understanding what your audience craves and learning how to write a blog post that drives traffic and brings your readers on a regular basis.
2. Drop Shipping
This type of business can be started without any investment! All you need to do is to sell goods that you do not have. Yes, exactly. Drop-shipping is a direct delivery from the supplier to the customer. You act as an intermediary who collects orders from customers and transfer them to the supplier. The supplier sends the purchases directly to customers on your behalf. In the end, you earn the difference between the supplier’s price and the price at which you sold the product to the customer – simple!
3. Social Media/Influencer Marketing
Instagram, Snapchat, YouTube, Twitter and Facebook are social media platforms that have turned some people into multi-millionaire. The likes of Laura Ikeji, Lasisi Elenu, Tunde Ednut, Maraji, to mention a few has made and are still making good income being an influencer on social media.
Nigerians are making a load of cash just by sharing engaging contents and building a loyal followers list. This is a business idea you also need to venture into if you are crazy about social media.
Build up a following on any of this platform and you could quickly be approached by major brands, and other relevant businesses that sell products or services related to the type of content you share. If you have hundreds of thousands of followers, you can easily charge anywhere between 15,000 – 50,000 Naira per post or more—which makes for a very profitable side business idea.
4. Graphic Design
Graphics design is one skill that has constant demand in the marketplace. Virtually every businesses and companies need a good design for their product/service. While having a formal background in graphic design is absolutely going to be helpful, it’s also relatively easy to learn the foundations of graphic design on your own using tools like Adobe Illustrator and Photoshop.
But before you can start earning a living as a graphic designer, you’ll need to develop your skills so as to be recommendable. Be creative in all your designs and showcase them on platforms such as Instagram and Facebook to earn a good customer base.
5. Web Design and Development
As a web designer or developer, you’ll build incredibly valuable skills that are in extremely high demand globally. You can get up to speed on building websites in as little as a few weeks by using a free tool like WordPress. You can train yourself on this via YouTube with tons of free web designing videos available.
Aside from having the opportunity to work on your own schedule, you can make as much as 50,000 – 250,000 Naira per website project. If you looking to greatly improve your web development skills, Andela is also a great place for you to start and acquire the knowledge you need.
6. Small Chops Food Business
Starting a small chops food business is a lucrative business idea. Nowadays, people’s 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 a 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.
There are many different reasons why people choose to drive with Uber. Some do it for the freedom to drive when and where they like. They’re the boss, and they work for as long or for as little as they want, following a schedule that suits their needs. An average Uber driver earns within 80,000 – 120,000 Naira a week.
Driving for Uber is one of the most lucrative business ideas I know in Nigeria right now. It does not only give you the opportunity to work when you want (including nights or weekends) but also give you the ability to earn some extra cash while doing so. While some drivers are doing this full-time, some only do it at nights after day job and on weekends.
8. Make-up Business
This business just requires you to be good at what you do. Learn the make-up skill from a renowned make-up artist, after which you can offer make-up services to clients. Make-up artists have always been and will always be in demand, in as much as there are events being celebrated daily. Every girl wants to be beautiful both for casual event or for work. So, you will always get enough orders in this lucrative business.
9. Mini-Importation Business
This is one business I can proudly advise you to venture into as it has huge ROI only if you understand the technical know-How. Mini Importation, unlike the importation done by the Igbo boys in Alaba International is about bringing in cheap unique items that solves a particular problem for intending customers.
Unlike the importation you know, with mini-importation, your goods can get delivered to you in less than a week and then you commence viral marketing via social media. If you’re serious with this business, 6 figures income will become child’s play to you in no time.
For exclusive training on mini importation and how to start earning 6 figures in no time, I recommend you to the Grand Commander of mini importation in Africa – Pat Ogidi. Click HERE to commence right away.
An apiary with hives in which bees will collect their honey is required. Really clean honey can be produced. People do not always trust the quality of the honey from shops because it’s not clear where it was collected and what it’s made of. They readily buy this useful product directly from beekeepers.
To become a professional beekeeper, I’ll advice you visit CEBRAD – Centre for Bee Research and Development for more details.
11. Real Estate Consultancy
This is another business that can easily earn you millions and the beauty of this is, you don’t need much to startup. This business makes you a Real Estate Consultant, and all you need do is start marketing real estate properties of companies. Now, don’t fret, the companies are available on ground already and they all have good properties with good titles.
You just have to register via the companies various links and there you go, you gain access to their properties. You earn as much as 15% on any property sold. You also earn when you bring in someone into the business and the person make sales.
Now, imagine selling a 2 million naira property, 3 times in a month. That’s a whopping 15% of 6 million naira, that’s N900,000. Enough said, just click HERE to read more and yea, don’t forget to always thank me later. 🙂
I’d have loved to continue listing and explaining more businesses you can do with little or No capital, but my hands hurts right now on this keyboard and it’s 2:49am here. Let me take a small nap noww. lolzz.
Give any of those businesses a shot and thank me later. If you need further help, write me via my email – email address is below.
See you later.