Mistakes of Esau: 10 Harmful Habits That Ruin People's Destiny
Is your destiny being sabotaged? Are you tired of repeating the same mistakes and watching your life and dr…
Is your destiny being sabotaged? Are you tired of repeating the same mistakes and watching your life and dr…
With rising unemployment and inflation in Nigeria, many individuals are turning to entrepreneurship and other side hustles as a pathway to make ends meet (financial stability). And you should not be left out. The good news is that you don’t need billions or millions to start a business unless, perhaps, you want to start by building a refinery or bank. Whether you are employed, looking for a side-hustle or unemployed, looking for a business, you can start with little or no startup capital. There are several low-capital ventures you can launch right from your home, a smartphone, or even a roadside spot [with an umbrella, a plastic chain and a table] and still bring in steady profit. In this article, we will explore the Top 10 Best Low-Cost Business Ideas That You Can Easily Start in Nigeria Today, how to get started, and tips to grow fast.
POS business is one of the fastest-growing businesses in Nigeria because of the cash-dependent nature of Nigeria's economy. Despite the cashless policy of the CBN, people still transact with cash, relying on mobile money agents for both cash withdrawal and transfers.
This is another growing and lucrative business in Nigeria today. This can be done with or without a shop. Just order cheap products from China or Turkey using apps like 1688 or Alibaba, and resell on social media and e-commerce platforms such as Facebook, WhatsApp, Instagram, or Jumia, Konga, Jiji, etc.
As most companies these days resort to outsourcing. You can offer services like writing, graphic design, data entry, or virtual assistance. You only need skill in any area and internet access to begin.
Thrift clothes have a large market in Nigeria. Buy fairly used items in bulk from Yaba, Aba, Onitsha, or Lagos Island, or simply locate any warehouse or market near you where they open okirika belle. Hand-pick and resell at a good profit. This one you can do even if you are a student. All you need to do, during holidays, is shop for these materials and take them back to school and sell them to your fellow students in your free time.
Food never goes out of style. With good hygiene, branding, market strategy and taste, this can grow into a full catering business.
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Promote digital products online and get paid when people buy through your link. All you need is the internet and marketing skills. Alternatively, look for any reputable company that distributes their product and/or services through network marketing scheme and join
Smartphone issues are common. With basic training, you can start fixing screens/flex, charging pots, mouth and ear pieces, or software issues from a small corner.
Make and sell affordable products that people use every day. You can learn the skill from YouTube or attend a short training [seminars or workshops].
Create content around trending topics, skits, tutorials, or reviews. With consistency and creativity, you will attract followers and income.
People are too busy to do laundry. Offer affordable wash and iron services in your neighbourhood.
You don’t need big money to start a business. You just need the right idea, a clear strategy, and consistency. In Nigeria today, many young people are making six-figure incomes from businesses they started with less than ₦20,000. The key is to start small but think big. Pick an idea, test it, and stay committed. Your journey to financial freedom could start today if you take action now.
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