With the current unity in social media diversity, There are many business ideas with low capital in Nigeria one can easily setup and manage to make some outstanding profits.
As long as you have a value to offer, in return, you will earn a reward. Value can be anything; money, talent, or skills. But the most important thing is that there is something to offer. So the first investment here is yourself, before launching out on any of the ideas below.
Most of these businesses could be done online and the only thing required is just a stable internet connection, a good phone, and or a laptop. If you already have these gadgets, it is a plus and there should be nothing holding you back from launching your own enterprise.
Also, Read; 9 Lists of Business Ideas for Medical Students
12 Business Ideas with Low Capital in Nigeria
1. Social Media Management
This is the first of the business ideas with low capital in Nigeria.
One could imagine why someone will pay money just for people to manage their social channels. Posting content, replying to chats, and engaging their audience, and increasing followers for them.
Well, you can as well wonder how some high flying politicians and other public figures will have the time to respond to tweets, share, or retweet posts. They all need influencers to help them do these.
I think you should be getting the point now. Some businesses do not have the time to engage their audience, so they need people who understand the niche to do this job for them. So your job as an entrepreneur is to capitalize on this advantage and help build their audience while adding some cash to your wallet.
I know you may be asking how feasible this could be for you to get such a contract. But you could use the time for the questioning to design a simple business card and start sharing on business websites like LinkedIn.
Also, Read; How to Sell Study Material Online in 6 Steps
2. Advertising For Businesses Using WhatsApp Status
Advertising strategy has drastically shifted from physical to digital. With the rapidly growing interest in social networking, people rarely pay attention to physical posters and banners that are found on magazine covers and street walls.
One of the most innovative methods used by some entrepreneurs in creating their own advertising channel is Whatsapp Television. These entrepreneurs go about collecting as much WhatsApp contacts as their phone book can handle. Then they engage their audience with posts which makes them keep coming back for more.
Why this Works?
Over 70 percent of mobile phone users are on Whatsapp and more than 90 percent of these persons view the WhatsApp status of their contacts daily. So it is easier to register for a social event, especially if they are hosted online through people’s WhatsApp statuses.
If you are still confused about how to start, begin by posting useful content on your WhatsApp status, create a little awareness, and wait for your clients.
Also, Read; How to Sell Study Material Online in 6 Steps
Blogging is free for everyone in almost every country. There is no hard truth in this. All other ideas on this list can be covered by creating a blog website. A website helps you to bring all your ideas and businesses into one place, where it can be accessed by clicking on a simple link.
Checkout my ultimate guide to blogging
4. Affiliate Marketing
This is one of the popular business ideas with low capital to setup.
An affiliate marketer is someone that helps companies advertise products and services placed on a larger advertising firm or e-commerce store. In return, the affiliate is paid a percentage for every sale he/she can generate.
I will share some links to register with some of the top affiliate advertising companies here:
Expertnaire Affiliate Marketing
Expertnaire affiliate marketing is a local affiliate marketing that many Nigerians have been using to earn 6 figures and more per month using a system called the 72 Hour Income Generator Program.
One good thing about using JVzoo is that the registration and approval process is simple and hassle free. As long as you have an audience, it is a good place to start your affiliate marketing journey. They pay very high commissions too.
Bluehost is a company that serves domain names and provides hosting services for millions of websites across the globe. They also offer a chance for people to earn from marketing their services, and pay as much as $100 dollars for your first successfully completed sale.
Adsterra is a new advertising network that works just like Google Adsense, Propellar Ads, and the rest. But still has no much popularity like the two mentioned. Their approval process is straightforward and takes less than a day. But the important thing to note here is that for every referral you generate, they offer 5% of the persons total earnings in a year.
Dfo global is one of the leaders in affiliate marketing globally. But one problem is that they are not yet available in many countries of the world.
Jumia also offers a good opportunity to earn affiliate bonuses from referring a client who successfully buys their product. Their registration process is simple and straightforward.
Amazon is the number one affiliate marketing company globally. But their rules are always challenging, and you will need hard work to remain in their program. You are kicked out if you can not complete 3 major sales in 3 months.
Rakuten advertising network, etc.
5. Computer Instructor
Computer illustrator is also one of the business ideas with low capital.
A lot of parents, especially in countries like Nigeria are willing to help their children get some basic knowledge of computers. Like; word processing, computer appreciation, Microsoft Office, Graphics design, Web design, etc. If you have any of these skills or more, it is time to let your talent shine.
You may not have a laptop to be able to teach, as long as your client has one. All you need to do is to know your stuff, step out of your comfort zones and opportunities will come your way.
6. Web and Graphic Design
With the increasing need for businesses to get noticed online, there has been a sudden upsurge in the number of websites available on the net.
Acquiring basic web design skills can make opportunities to look at your path.
Graphic design is not very lucrative these days as some people will rather settle for amateur designs instead of paying for quality ones.
7. Email and Social Media Marketing
This is similar to the type of advertising I mentioned above including strategic link sharing. But here, more emphasis is on email marketing. This involves installing gadgets on blogs for collecting emails from your web visitors. Then, customized emails are sent to registered persons depending on the need of the business.
Not every business has time for this, and you could help them reach their audience by taking up the job.
8. Write an E-Book and Sell It Online
If you are knowledgeable in any field at all, there are always people interested in the field whom your knowledge can help.
These books can come in form of PDF and will save you the money needed for printing. You can use tools like paystack, PayPal, etc. To collect payments for your book.
Many niches pay writers for submitting high-quality content. Also, some blogs pay authors from other blogs for submitting posts and articles on their blog.
To find out more about these niches, visit freedomwithwriting.com.
This is a very old business, but is still gold.
Freelancing covers some of the business ideas already listed; like writing, graphic design, web design.
Registration with these communities is completely free.
Also, Read; 9 Best Blog Niches in Health: By Profitability
11. Usher Services
The beauty of ushers is that they render highly valued services. And the basics they need to start is a good promotional flier, good communication skill, and charming attire. Though these may sound simple, it has it’s own hassles too.
Prime Ushers Services
For Weddings, Birthdays, Corporate events, and all kinds of events.
We serve till you get served.
Contact Us: 08100286652, 08058641797.
#Business Ideas that require little capital
Have you ever imagined earning some money doing what you love? Then cryptocurrency is the solution. Some of them are free to start up, and some require as little as $1 to start. Let Google be your guide in this.
In reality, there are no business ideas that do not require at least, a little capital to set up. The content of this post refers to financial capital. But setting up a business also involves human capital like resilience, confidence, and the subtle act of not caring about what people may think or say. But I hope this list of small capital ventures will help.
I wish you luck in your entrepreneurial journey!
Also, Read; Smart E-commerce; Ideal Business For Doctors