Most Profitable Business in Nigeria with Low Capital
Some Most Profitable Business in Nigeria with low capital you can start right away.
Do you want to find out the Most Profitable Business to start in Nigeria with low capitaland make an amazing profit? Are you looking to start a small to medium scale business that is not capital extensive but can help you make a daily income in Nigeria? Then you are on the right page.
In this post, I will share some amazing Most Profitable Business streams that you can start in Nigeria with little to no capital.
“Most Profitable Business” in this case means any business that you can start and make money everyday what come may with low capital.
I find personal business more comfortable and profitable, I don’t really know why but I just like business and being self-employed.
The current situation of the country has prompt many Nigerians to start their own business even as a side hustle with education or with civil service work. Many people have wondered if one can really start up a Most Profitable Business in Nigeria with even less amount of money?
So, if you are looking for those types of business ideas (everyday income business), we’ve got you covered in this post.
Now, let’s get into it: Top Most Profitable Business in Nigeria.
Most Profitable Business 1: Phone Accessories Business
Selling of mobile phone accessories is still a great Most Profitable Business in Nigeria presently.
People buy phone every day and will still buy tomorrow and will continue to buy, With little capital you can start phone accesories business anywhere in Nigeria.
Phone accessories are phone stuffs like phone chargers, air pies, USB drive, memory card etc.
People have issues with their phone accessories every day mostly chargers. This business is very lucrative if you are in a busy location.
Most Profitable Business 2: Freelance
Freelancing is not a new concept, even in Nigeria. It has been a very profitable and lucrative online Most Profitable Business venture in Nigeria.
A freelancer is a self-employed individual who provides services for a client or group of clients from a remote location instead of a physical office. The freelance industry has provided many people with a stable source of daily income and has become a fast selling business in Nigeria and all over the world.
The amazing thing about freelancing is that, not only is it profitable, but it is also flexible because it gives you the freedom to choose which service(s) you wish to offer, to whom you wish to work for, and for how long you wish to work.
To spice things up, you can either join a freelance community such as Upwork, Elance, etc. that connects employers with freelancers or launch your own website to allow people hire you right from your website. With time, you will be able to set up a thriving business that provides you with a daily income.
Most Profitable Business 3: Mobile Phone Repairs business
This is a business idea that will fetch you daily income in Nigeria 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 expertise training, a laptop (optional for start), software tools, some regular tools such as 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.
Most Profitable Business 4: Logistics Business
Have you ever bought a product and had someone deliver it to you in person? Those people that make door-to-door deliveries on behalf of sellers are in-person delivery service providers. This business is especially feasible for people living in Lagos because the delivery needs of the markets in Lagos are quite huge.
To start this business, simply go to any of the major markets in Lagos. In the market, approach sellers to inform them that you do door-to-door deliveries. Drop your contact details, and when they have goods to deliver on a route you know, they will call you. It is really that easy.
Most Profitable Business 5: Popcorn business
People buy snacks ever now and then, and popcorn is one of the most selling snacks, because people eat it in their home, along the road, in their shops, vehicle and even in the cinemas.
Starting popcorn business doesn’t required a shop to get started, in most cases it only required an exposed environment. Popcorn business has no gender discrimination and if you get the right tools for popcorn, the business is totally stress free, also you can be making good amount of money daily if you are in a busy location.
For start, you will need a popcorn machine, Corn, Butter, Groundnut oil, Sugar, Salt, Flavor nylon, Powdered milk, a busy road, commercial bus terminal or a good area of market.
Most Profitable Business 6: Chores Business
This is more like logistics but has a wider scope.
One of the cheapest option if you are looking for a daily business to start in Nigeria, is to start an errand service company.
An errand service company is a service that you can provide to people who do not have enough time to run their errands. Errands might span from grocery shopping, and also includes everyday tasks such as cleaning, lundries, washing cars, etc
To run a successful errand service, you need to network with people who are likely to patronise your business. Typically, people in high net worth neighbourhoods are more likely to patronise your errand business in Nigeria than people in low-cost neighbourhoods.
Additionally, you may want to focus and niche down on your errand services. In Nigeria, grocery shopping has become extremely popular in recent years. Just decide how you want to do your business, and execute.
Errand services is in hot demand theses days and that’s why it has to feature amongst the list of Most Profitable Business ideas in Nigeria.
Most Profitable Business 7: Affiliate Marketing Business
Affiliate marketing business is one of the cheapest and Most Profitable Businesses you can start in Nigeria. Afilliate marketing involves registering or serving as a vendor, or petty marketer to other networks’ services or products, meanwhile earning a commission for every sale made through you.
Just like that!
Affiliate marketing is a very easy business to start, but you need to be dogged, determined, and very smart to succeed with affiliate marketing.
To start, you need to find a product of interest and sign up under an affiliate program. You will be provided a unique ID as a tracking link.
Once a potential buyer clicks on the link and visits the merchant’s site, a cookie file identifying the affiliate is stored on the user’s computer. And, as soon as the visitor buys the product, the merchant automatically knows where the buyer came from. Following that, the merchant pays the agreed commission between you.
Most Profitable Business 8: Handcraft Business
The business of handcrafts is a very lucrative one in Nigeria because Nigerians love to wear accessories. This is one important craft you can learn to set up a profitable business, even from home.
When you adorn your beautiful dress and attire to parties, you are also tempted to wear handmade crafts like native beads that give your native attire all the traditional touch that it needs.
Handcrafts like beads, earrings, ankara bags, shoes and other accessories can be of benefit to party lovers and are some of the most common types of jewellery in Africa. They’re mostly used for beautification, and they do a darn good job at that!
The demand for these beads has also driven many people to learn how to make them. This is where you can come in, too. You could learn from vocational centres or watch as many YouTube tutorial videos as possible.
Most Profitable Business 9: Drop-shipping business
This is one of the new business ideas in Nigeria. It is a form of business that you can start with very low capital. What you need is your laptop or smartphone, internet data, and your social media platforms e.g. Facebook, Twitter, Snapchat, etc. ( which could serve as your online shop)
This is one of the lucrative business ideas that has made people millions of naira. The secret of the business is identifying and knowing what the people need at the particular moment and knowing where and how to source for those items (AliExpress is a good place to start dropshipping in Nigeria).
Most Profitable Business 10: Shawarma Barbecue Business
This is another business you can start with small amount and be making some cool cash daily, shawama is consumed daily. Some people like eating barbecue or shawama while drinking in beer parlor and also like buying for their family. The right place for this business is a front of beer parlor, or club.
Aside all these, there are more Most Profitable Business you can start in Nigeria.
More of Most Profitable Business in Nigeria are:
- Iced Block Production Business
- Plantain Chips business
- Bread production business
- POS Service
- Call card sales/distributor
In this post, we highlighted the best Most Profitable Business ideas in Nigeria. Some of them can be started with very little capital. It covers ideas that can help you make money online and offline.
So, the basic things you need to do are to conduct a market research, write a business plan, choose a business name, register your business (optional for start), and fund it.
An online business in Nigeria that pays can be started with very little or no capital. All you need is to have the required skill and be able to convince a prospective client to work with you.
Nigerians are generally hardworking people and they love entrepreneurship. But due to the economic situation of the country, many Nigerians are on the lookout for the Most Profitable Business to start in Nigeria. Hopefully, this post can help point you in the right direction for businesses you can start with little or no startup.
Here we are, the carefully selected Most Profitable Business in Nigeria is up there. The choice is yours, make further research on your choice and START making daily income from this business.