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TOP TEN SMALL CAPITAL BUSINESSES TO VENTURE INTO IN NIGERIA

TOP TEN SMALL CAPITAL BUSINESSES TO VENTURE INTO IN NIGERIA

The benefits of multiple streams of income can not be overemphasized. Take for example if you only work a 9-to-5, you are dependent on that income alone. What then happens if you become ill? What do you do if you get laid off or fired? How will you bounce back from losing your job (your only source of income)?

If you only relied on that one source of income, you may soon realize that you either need to get a new job fast, or you may get into debt while trying to get yourself afloat. This is why we at Delon market have come to suggest to you, 10 businesses that you can venture into post-pandemic with little capital and they will yield reasonable profits here in Nigeria.

Having made series of researches, we have come up with the top ten businesses that you can support yourself with financially for  a little while, depends on how long you want and it allows you to grow your financial security and probably “spoil yourself” once in a while.

1. POULTRY BUSINESS

This is a business that does not require much capital because you can always use your yard for need taking out the cost of renting a shop. You can also start with few birds. At first, it requires much supervision especially during the first few weeks after which it requires little or no supervision at all. You do not need to spend much time looking for customers as poultry products have a huge global demand because it is a source of fresh and nutritious food. A high return on investment is assured in a short time and almost all banks approve loans for poultry farming. Did you know that apart from generating money from selling the birds and their eggs, you can also sell the feathers as it is used to make pillows and costumes?. Also, you can sell their droppings as they can be used for manure and can be processed and used as feeds for fishes, so why not start that poultry business today?

2. DROP SHIPPING

You will agree with me that everyone has at least an online store on their WhatsApp contact list. This shows that Nigerians are getting more and more comfortable with buying goods and services online and that the e-commerce industry in Nigeria is growing like cancer. So it’s time you also tapped into that market Drop shipping is a retail fulfilment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product using the drop-shipping model, it purchases the item from the manufacturer and have it shipped directly to the customer. As a result, the seller doesn’t have to handle the product directly. Dropshipping can be done for any product. All you need to do is to determine a fast-selling product here in Nigeria, get interested buyers and be the middle man. this business requires very little capital as you do not need to purchase any product. It is a great business model for aspiring entrepreneurs to start with because it’s accessible. With drop shipping, you can quickly test different business ideas with limited downsides, which lets you learn a lot about how to choose and market in-demand products

3. DIGITAL MARKETING

Now, I know you are tempted to ask that since you do not have a business what then will you be marketing? the answer is that several business owners require the service of a digital marketer around you, you just need to find them. Digital marketing is the component of marketing that utilizes the internet and online-based digital technologies such as desktop computers, mobile phones and other digital platforms to promote products and services. Digital marketing can be a part-time or full-time job depending on how you want it. There are different types too; we have the content creators, the social media marketers/influencers, the Youtube marketers and the search engine optimization marketers. As a side hustle in Nigeria, you can decide to stick to content creation alone or social media marketing for a brand, that depends on whichever you are comfortable with. 

4. ONLINE FOOD BUSINESS

Another business you can venture into is opening a kitchen online. most people are so busy these days they don’t even get the chance to cook. if you are someone who enjoys cooking then this business is for you. You can always pick a day to take orders and another day to deliver all orders for the week so that it does not affect your job. This business too requires little capital to set up. Whether raw or cooked food, you can never go wrong with a food business as people eat every day.

5. ORGANIC SKINCARE PRODUCTS. 

Everyone wants to have spotless and glowing skin. The organic skincare business is becoming a fast-growing business in Nigeria. This business requires very little capital to start and it yields very good profit plus it requires very little of your time as you can always make many products that you can sell throughout the month in a day. All you need to do is to learn organic formulation skills, determine which niche you want to target, develop a strong brand story and figure out your marketing strategy and you are good to go.

6. OWNING A SPORTS VIEWING CENTER.

Nigerians love soccer. Not just Nigerians but Africans and the world in general. We love the blues, gunners and so many others. We wish we could be present in some of these football matches, but as much as we like football, most people still cannot afford to buy or subscribe to a cable network, those that even afford to own and subscribe on their cable network will still go to the viewing center because according to them, there is no fun in watching football alone. Now, imagine you own a football viewing center that has a sitting capacity of 200 and for each football match, your customers pay betweenN50 – N100 per match Multiply that 200 by 50 0r 100; and you will have a whopping N10,000 – N20,000 per match. Isn’t that a good side business?

7. FITNESS TRAINER.

Most females want to get and maintain a desired body size, on the other hand, most male folks want to have six-packs, abs and all. why not tap into this market and self-discipline is a very scarce skill these days, give a couple of instructions, help them remain consistent with workouts to get their desired body goals and get paid. This requires no capital, just learn some work out training techniques and you are good to go.

8. TUTORING.

Figure Out Your Niche. What are you qualified to teach? What areas did you excel in at school? You can also understand Expectations; Parents are spending their hard-earned money to see results from your efforts so take courses and make researches to brush up on your knowledge of the course you have chosen. Finally, determine Your Hourly Rates. Do market research to find out how much tutors are paid. Being a tutor can be a fairly high paying side hustle. As a student or a teacher, Set yourself up for a successful transition from teaching to tutoring. If you’re a teacher, chances are you’ve considered a side job to help supplement your income. Whether your goal is to pay off debt, save up for a fun purchase, or just to add money to your bank account, tutoring might be the perfect side hustle for you.

9. LAUNDRY SERVICES

Although this business requires much time and effort, however as the business grows, you can always employ more hands. This business requires very little or no capital and doesn’t require you to spend much along the line as it majorly involves efforts. An important factor in this business is that you can get additional smackers if you clean for the perfect individuals. Although it seems like a humble work, it doesn’t mean you’re a housekeeper or a human clothes washer.

10. DRIVING

This business is mostly possible for those who have cars, smartphones and a clean driving record. You can drive for companies such as Uber, Taxify or Rideshare. You can always do this after coming back from work and most especially on weekends.

Finally, do not forget that Delon market is that #1 platform that you can advertise that your business and it is for FREE!

 

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