10 lucrative business you can start in nigeria with low capital -: 2022

Benefits of starting a business in Nigeria

There is such a lot of advantage to beginning a business in Nigeria. First, you set your future in your personal palms. No boss can show up tomorrow and let you know “you might be fired!” There may be job safety.

One more reason is the chance to develop and construct a model for yourself. If you run your personal business, you might be building a brand.

The extra you develop, the larger your brand. Check out Dangote. Even after he’s gone, his brand will stay.

Working your personal business offers you a much bigger alternative to turn out to be wealthy. There’s an excessive amount of competitors in the office.

You discover many who’ve laboured for a few years without promotion. However, nobody can deny you that in your personal business.

You could have the chance to impact the economic system by creating jobs and offering a livelihood for different Nigerians.

The advantage of employing individuals and giving them away to outlive must motivate everybody with the coronary heart to enterprise into business.

There is plenty of lucrative business in Nigeria for Nigerians to do. However, for some causes, Nigerians depart the nation pursuing greener pastures without attempting to faucet into concepts again house. Because of this, foreigners see the alternatives that we overlook, and they’re taking up!

List of lucrative businesses you can start in Nigeria.

Lack of lucrative business ideas is another obstacle that prevents people from starting businesses. Although it is possible to have enough money to start your business, your money will be wasted if you don’t have an idea for a company to grow.

It’s not difficult to get an idea of what type of business you could start, but you must consider certain things, such as who your company is serving.

This list has been provided to help you easily identify the best business idea you can archive.

1. cell phone repair

Nigeria has a total of 67 million smartphone owners. This proves that both the phone industry and related businesses can be profitable. You can acquire the skills to cell phone repair and tap into a vast market.

Read: 5 ways to raise startup capital for your business

2. car wash business

Mobile auto washing is an excellent way to lower your startup expenses. It is possible to start a car wash detailing company using very inexpensive supplies and tools.

Then, you can expand your services as your needs change. You’ll be able to work in customer garages or driveways. This allows you to be visible for marketing purposes.

Two downsides to this are that you cannot work outside during inclement weather and must bring all your supplies and tools.

Read: Airtel Family and Friends 2021 and Everything You Need to Know

3.party rentals lucrative business

A party rental business idea is a great way to make extra income. This can then create a full-time, profitable establishment.
Nigerians love partying, and sometimes rentals cannot meet their needs. Party rentals companies can help bridge this gap.

4. Social media marketing

Many individuals dedicate most of their time to social media, e.g. Facebook, WhatsApp, Instagram and more. Social media advertising needs to be among the most lucrative businesses in Nigeria.

Social media sales are all about utilizing social media to search out leads for businesses.
You can work individually and assist companies in making the perfect out of social media, or you’ll be able to promote the product and drive sales through social media.

5. Natural honey business

Natural honey can be filtered more quickly through the eyes of a needle than it is for a camel. Start by buying pure honey.

Honey is preferred by many people over sugar. If you promise your customers the original version of honey and then provide it, you can build a long-lasting business.

Read: NCC Warns Nigerians Against A New Malware

6. handcrafts

Handcrafts are a very lucrative business in Nigeria because Nigerians love accessories. This skill can be learned to begin your own business.

To give your outfit a more traditional feel, you might consider wearing native beads when dressing up for parties.

These accessories are trendy in Africa and make great gifts for party-lovers. They’re great for beauty and function well. Due to high demand, many people have learned how these beads are made.

This is where you come in. You can view tutorial videos on YouTube or learn at vocational schools.

7. Photography

Nigeria is a leader when it comes to photography. Photography is an integral part of our everyday lives, from weddings and birthdays to seminars.

It’s easy to start a photography studio and then get clients. To get started, you only need an excellent camera. Mobile photography is possible.
Expanding your business is possible. This business can be both profitable and cost-effective to start.

8. Raw Food business

This lucrative business can bring in good returns on your investments in Nigeria. Nigerians prefer to eat homemade food to fast food.
This is in stark contrast to foreign counterparts. Garri, rice, beans, and other items would be sold.

9. Call card business

This type of business is also known as the recharge card business. Nigerians are not the only ones without a smartphone.
Recharge card entrepreneurs are so successful because of this. You can also tap into the market to get on board.

10. Poultry farming

Poultry farming is one profitable business you can start with small capital as a Nigeria.
One good thing about poultry farming is, Turkey meat, chicken meat, eggs, and others are extremely popular among Nigerians, most especially throughout festive seasons.

Thank you for reading; check back this page to keep you updated for more exclusive business ideas like this in the future.