Small businesses are privately owned and operated business with relatively small turnover and staff numbers, typically seen as constituting part of a specific commercial or economic sector.
Are you a Nigerian looking for small business you can start with little money? Are you an entrepreneur searching for business ideas to invest in? Do you have a small amount of money but you don’t have any business idea?
Here are 25 successful businesses in Nigeria with little capital
1. Production and Sales of Bedsheet and Pillowcase
Ideally, every home owns at least a bedsheet or two, while some families own more than five bedsheets, depending on the family’s size. Hence, there is no way one would go into this business without making waves.
What you need to start: Buy your quality materials in bulk, then give to a good tailor who sews the materials into bedsheet and pillowcase. After that, you can sell away through social media or door to door.
2. Organic Drink Production and Sales
People are becoming increasingly aware of the health implication of processed food and also soda because of high rise of cancer, stroke, diabetes and also high blood pressure. This has caused a constant drift from soft drinks to naturally made drinks and fruit juices. Some examples of naturally made drinks are smoothies, fura da nunu, tiger nut drink, and freshly made fruit juice.
All you need to transform this business idea into a profitable venture is a blender, desired fruits and ingredients, plastic bottles and a refrigerator.
3. Dry Cleaning Services
The stress from the 9 to 5pm job or for the entrepreneur running around to ensure the business is running smoothly is enough to wear out the body. Weekends are for spending time with family and relaxing for the next week’s hustle. With this kind of busy schedule, most people will not mind paying for this service.
To start, reach out to as many possible families that needs this service. All you need to start a dry-cleaning business is a small washing machine and an iron. You can start small, then expand as the business grows.
To some people going to ATM or bank feels like punishment to them. They prefer to walk into a nearby e-payment outlet for their banking transactions even though they are charged a transaction fee.
You can become a banking agent and own an e-payment outlet. To become an agent, go to any bank of your choice, and register to become one of their agents. After registration, you would be given a POS machine. While some banks give their POS for free, some charge a small fee for it.
Locally grilled cow meat (Suya) majorly made by Hausas has been an all-time favourite. Yes, suya is the most popular but we must also acknowledge that grilled fish, chicken (barbeque), goat meat (asun), etc are gaining ground in the market.
Asides having a permanent stand, you can go to grill at parties, dinner, birthdays etc. and make money. All you need for this business is a griller, desired “protein” and spices.
6. Barber’s Shop
It is a necessity for males and females on low cut to get a hair-cut regularly. Men always visit a barber’s shop to either have a hair cut or shave their beards.
All you need to start the business is a store, clippers, small combs, sterilizers, generator etc. These won’t cost up to 100,000 Naira depending on the location.
7. Pop Corn Production and Sales
Popcorn is one of the many treats almost everyone loves, both young and old, male as well as females. Popcorn is also a good companion for the movies.
Therefore, you can’t go wrong exploring this business idea. All you need to start this business on a small scale is fresh and moist corn, popcorn machine, sugar, salt, butter, and any other flavour you would like to add.
8. Football Viewing Centre
Football fans can go to any length to ensure they watch their club, country, or favourite player on the field. Therefore, this business idea is going to be a profitable venture, as the fan base of the football sport is numerous worldwide.
All you need to start is a good location, generator, a flat-screen television of at least 32″, chairs, DSTV or GOtv decoder. You can also sell chilled drinks and grilled “protein” to make additional money.
9. Poultry Farming
Poultry farming is a typical successful business you can start with low capital from the comfort of your backyard. The capital input may vary depending on your start-up level. But with a capital of (N50,000 – N100,000), you can comfortably rear 50 birds from 2 weeks chicks to market size.
10. Fish Farming
This is another lucrative business in Nigeria that you can also start from your backyard. With a capital of N100,000 you can comfortably rear 50 fingerlings to market size. There is no doubt if you will make it in fish farming once you have passion for the business.
11. Snail Rearing Business
Snail farming is raising snails for food as well as for pharmaceutical use. You can also start this business from your backyard. Snail farming is one of those businesses that you can start with no capital especially if you living in a rural area. If you are in a rural area, you can easily gather the wild type if snails from composites and bushes to rear. However, if you are living in urban area, you can purchase high breed snails from market to rear.
12. Pig Farming Business
Piggery business is a lucrative business with low capital start-up. With one or two female pigs you can start piggery business. One good thing about the business is that it has a good profit margin. One pig can give birth to about 8 – 12 piglets in a single delivery which can be raised and sold.
13. Perfume and Body Ornamental Production
Perfume and body ornament production is a profitable business you can start with little capital. You can start this business if you have the knowledge of mixing chemicals. From the production of perfumes and body ornaments to owning a cosmetics industry.
14. Social Media Marketing
One thing is to produce a product, another is for your product to reach your target customers. Most entrepreneurs are faced with the challenge of marketing their products. This is where social media marketers come in. All you need for a start-up is a good smart phone.
15. Importation Business
Importation business involves buying goods from other country and selling in Nigeria at a profit. You can start importation business on a low scale (mini-importation) and then grow to become a large importer of different products.
16. Palm Oil Processing Business
Nigeria is one of the highest exporters of palm oil in Africa. The processing stage is relatively low in number compare to the usage of palm oil processed products in Nigeria. Palm oil processing business is very lucrative. However, you can start on a low scale by processing palm oil fruits from the comfort of your backyard; and then grow to a big palm oil processing industry.
17. Livestock Feed Production
Livestock feed production industry thrives well in Nigeria. Common livestock feeds are chicken feeds, guinea pig feeds, pigs’ feeds, and so on. You can start on low scale by going into local livestock feed production and then grow into commercial livestock feed production industry.
18. Okrika Bale Business
This business thrives very well in Nigeria as a result of poor economy. An average income earner in Nigeria hardly enters the boutique to buy first-grade clothing. Hence, Okrika bale business is a good business to start anywhere in Nigeria but most especially in sub-urban and rural localities.
19. Bakery Confectioneries
Bakers’ confectionery, also called flour confections involves principally making of sweet pastries, cakes, doughnuts, and similar baked goods. Bakery confectioneries is one of the low capital businesses young ladies and housewives who train in bakery can start.
20. Tailoring Business
Tailoring involves designing, cutting, fitting, and finishing clothes. Tailoring requires skills. So, the first step to your success is to acquire skills.
Cloth designing and tailoring is often a neglected business idea. It pays and the good thing about it is that you can start on a small scale at the comfort with just a sewing machine and then grow into a fashion house.
21. Beauty Salon
A beauty salon is an establishment dealing with cosmetic treatments for men and women. Beauty salon is a lucrative business in Nigeria. You can start on low scale with a store, hand dryer, combs, shampoo, and few other things.
22. Mobile Phone Repairs Business
Mobile phone repairs involve fixing faulty mobile phones of people. However, you need to be trained before starting the business. You can start a mobile phone repairs business in low scale with just getting a shop and then grow to new mobile phone production company.
23. Sales of Mobile Phone Accessories
This business involves the sale of cellular and mobile phone accessories such as batteries, battery chargers, mobile phone repair parts, phone jackets and cover, memory card, USB cable, modern, earpiece and many more.
Mobile phone accessory business is a lucrative business and you can also start on a low scale and then grow into an importer of mobile phone accessories.
24. Cassava Processing Business
This business is a rural and suburban business. Cassava product like Garri is fast-selling in Nigeria. This is because Garri is major food eaten by Nigerians.
Cassava processing industry is a large industry especially when mechanize. Starting a mechanize cassava processing industry is capital intensive. It is best to start cassava processing business in low scale with a semi-manual cassava processing machine.
25. Vegetable Farming
Vegetable farming is one of the profitable low capital businesses. The business is more profitable during the dry season than rainy seasons in Nigeria. You can start vegetable farming from your backyard once you have enough garden land sources of water for irrigation.
If you have enough land and source of water for irrigation, then five to ten thousand naira will be enough to start a commercial vegetable farming business.
Viable seeds, insecticides and fertile soil are what you need to succeed in vegetable farming. The appropriate time to make money from vegetable farming is the dry season. You can start a vegetable farming on low scale from the comfort of your backyard and then grow it to commercially mechanized vegetable farm.
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