7 Small Business Ideas You Can Easily Start in Nigeria
Are you ready to dive into the business world but aren’t quite sure where to start? No worries! We’ve put together a list of 19 small business ideas you can easily kick off in Nigeria, even with minimal capital.
With small businesses making up 96% of the Nigerian economy and employing 84% of the workforce, there’s no shortage of opportunities. Whether you’re looking to start something from home or take a more hands-on approach, you’ll find something that fits your skills and resources. Let’s explore!
1. Social Media Marketing
You can use your social media skills to earn money by managing accounts and advertising for brands. As businesses increase their online presence, they’re constantly looking for marketers to help them grow on platforms like Instagram, TikTok, or YouTube.
2. Laundry Services
Laundry services are always in demand, especially in busy neighborhoods. With a small investment in washing supplies and a good washing machine, you can start taking orders from friends, family, and neighbors.
3. Copywriting
With businesses constantly seeking compelling content, copywriting is a skill that’s always in demand. If you enjoy writing, you can start by offering your services to small businesses or working freelance, all while expanding your skills and client base.
4. Photography
Got an eye for detail? Photography is a rewarding small business you can start by honing your skills and investing in a quality camera. You can cover events like weddings and parties or sell your pictures online through platforms like Unsplash or iStock.
5. Event Planning
If you’re a natural organizer with a flair for creativity, event planning could be your calling. Start small by helping friends and family with their events, and with a few referrals, you could be planning larger occasions like weddings or corporate events.
6. Catering Services
If you love cooking, you can turn that passion into a profitable business by starting a catering service from your kitchen. As you build a loyal customer base through family and friends, word-of-mouth referrals will help you grow into larger events.
7. POS Business
POS (Point of Sale) businesses have taken off recently, thanks to the growing demand for agency banking services. You can earn commissions by helping people complete financial transactions. Start with as little as N30,000, and you don’t even need a physical store. Simply register with a reliable institution like Moniepoint MFB and get the ball rolling.
8. Cleaning Services
Busy urban areas in Nigeria present a fantastic opportunity for house and office cleaning services. With minimal capital to buy basic cleaning supplies, you can offer your services and grow over time. As your client base expands, you can even hire extra hands to help out.
9. Perfume Oil Business
The perfume oil business is simple to start and can be highly profitable. With a small budget, you can buy perfume oils in bulk and resell them. You’ll need to understand your target audience and provide fragrances that fit their preferences.
10. Sports Viewing Centre
Football is a passion in Nigeria, and you can tap into this by setting up a sports viewing center. Whether near a university or in a busy town, offering a comfortable place for people to watch live matches can quickly become profitable.
Conclusion
No matter which business idea resonates with you, the most important thing is to take that first step. Whether it’s cooking, cleaning, or blogging, Nigeria is full of opportunities for small business success. And remember, having a smooth banking partner like Moniepoint Business Banking will make managing your business transactions much easier!
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