Picture Credit: Live About
By EJIOFOR TOOCHI CYNTHIA
Everyone desires a soft life, yet the rate of unemployment in Nigeria is so high. Getting a high-paying job is not always possible, therefore starting your own business is a fantastic alternative. It gives you the freedom to work for yourself, make big decisions, and move at your own pace. It also gives you financial independence. The idea of starting a business often conjures up images of large sums of money, although one can do so with as little as N100,000. In no particular order, here’s a list of some businesses.
FOOD VENDOR: Food is life. We all need food. Some people lack the ability to cook, while others are too busy. This makes it a lucrative industry for experienced chefs. If a customer preorders, you can prepare delicious food from the comfort of your home and send it to them. Starting a food business doesn’t cost a fortune; all you need to do is stock your kitchen with the necessary ingredients and hire a dispatch rider to take orders.
DRY CLEANING: It may surprise you to learn that this is very profitable because people frequently ignore it. Due to the hectic nature of the majority of people’s occupations, it can be challenging to find time to wash clothes; this is where the laundry service provider comes in. A washing machine, iron, and detergent are needed to get started. Getting consumers close to home is wise and much simpler.
POS (Point of Sale): When it first started, some questioned whether it would last this long, but it has come to stay for a very long time. This is one of Nigeria’s fastest growing businesses right now because it offers consumers a fantastic alternative. Customers can save time by using POS instead of standing in lines at banks or ATMs. The POS can handle financial transactions like bill payment, cash withdrawals, airtime recharges, data sales, and more.
SELLING CLOTHES: Starting a clothing business can be quite profitable, and it is even very common in universities. Students sell clothes to their peers in order to make ends meet. This proves how affordable and profitable it is. All you need is money to buy clothing in large quantities and a keen eye for high-quality clothing because people only buy good stuff. Visit the markets in Yaba, Balogun, Katangua, etc.
COPYWRITING: This is a business for only skilled writers. Copywriting could be in the form of advert copy, blog posts, video scripts, jingles, and so on. A copywriter’s goal is to create a copy that increases sales. The goal of your writing is to persuade readers to buy a specific item. The nice thing about copywriting is that it can be learned online, through reading, watching videos, or by attending courses.
DATA SALE: Nigerians, particularly young people, consume a lot of data. To keep up with current events and stay in touch with our loved ones, we need data. Thus, getting and using a data plan becomes necessary. A data reseller buys data in bulk at a discount from VTU platforms and telecommunications firms and resells it to clients at a price that suits them.
POULTRY FARMING: The strong demand for chicken and eggs makes this another successful business in Nigeria. Along with the meat, chickens can also lay eggs and excrete droppings that can be used as fertilizer. To begin, you would need chicks, chicken feed, and a bird cage. However, raising poultry requires a lot of caution and attention.
GRAPHICS DESIGN: This is using visual content to communicate messages. As a designer, you would create company or business logos, social media postings, websites, banner designs, and much more. In addition to taking courses, you’ll need a smartphone, laptop, and strong Internet access.
SOCIAL MEDIA MARKETING: In the digital age, social media is crucial for a brand’s online visibility. Large businesses in Nigeria are seeking professional influencer marketers to offer marketing opportunities that are SEO friendly and can convert website traffic into customers. As long as you have huge social media following you are into business, reach out to potential clients and grow your network.
BLOGGING: For experienced writers, blogging is a viable business. You can inform the world through a blog if you know about things like travel, cooking, finances, fashion, and health. You can earn money online by selling ad space and product reviews on your platform. In addition to learning how to manage your blog effectively, all you need to get started is a laptop, excellent internet access, and solid research skills.
This list is endless and though these businesses may require low capital, it definitely requires that you network with people and have patience as results don’t happen overnight.
