110 Small Business Ideas With Low Investment Capital in Nigeria

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List of creative and unique small business ideas you can start with little capital.

Small business ideas abound around us. Are you looking for small business ideas to start in Hindi or India? Perhaps you are in a different region. You may be looking for small business ideas to start in USA, UK, Philippines or Nigeria. We have researched various small business ideas you can start with low investment.

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So, if you are one of the people who has been asking the question, “what kind of business should I start?” you will find many great business ideas here. Before you continue reading this article, let me give you a hint that it is going to be a long list of small business ideas. However, for you to make most of it, you should not just rush the article by scrolling from the top to the bottom. Even if you are looking for a specific business idea to start, you may stumble on other good business ideas that may catch your interest. If a particular business idea does not appeal to you, that does not mean you should not read it. Who knows whether by reading it, something may spark up in you that will lead to the birth of your own new business idea. When looking for business ideas you can start, you need to keep your mind open. Otherwise, certain startup business ideas may just be passing you by. Therefore, you should be willing to read to digest and not just to have a glance at this list of the business ideas. Or else, it will be like magical words; the more you look, the less you see.

A lot of people usually ask me; “what is the best business to start?” This article may not be able to provide a specific answer to this question because ‘the best business to start’ is relative. What is considered the best business ideas in India may not be the best small business ideas to start in the Nigeria. However, from the list of small business ideas covered in this article, you will be able to identify the one that will help you start your dreamed small business. Nevertheless, the list of creative and unique small business ideas discussed in this article is broad enough to cover the enquiries we received. You need to be patient enough in order to digest it. For people that may be willing to read in details, I have dedicated a page to this article to guide the readers on how you can come up with small business ideas you can start almost immediately. In summary, below are the categories of small business ideas that you will come across within this article:

  • Home based small business ideas.
  • Online business ideas.
  • Small business ideas with low investment.
  • Small business ideas you can start with no money.
  • Small business ideas for men.
  • Small business ideas for women and moms.
  • Small business ideas for beginners.

I hope that you will be able to locate a business to start before you get to the end of the article. We will keep updating this article with new business ideas as often as possible. Have a good adventure.

Affiliate Marketing

If you are looking for small business ideas to start with low investment capital, affiliate marketing is probably one of the easy and best small business ideas to start making money online. The reason is that you don’t have to create any products yourself to start the business. Your task is to link up a buyer and a seller. You will be paid a commission on the sale that has been referred to you. In some cases, you don’t need to sell products to earn a commission. We have different affiliate programs and they use different payment terms. Examples are; Pay per sale, pay per lead and pay per click. If you intend to start this business, you might require a website before you actually make a good money from it. Commission JunctionClickbank and Shareasale are good examples of companies that offer affiliate opportunities. It is a good home business idea for both men and women. The advantages of affiliate marketing are numerous. Few are listed below:

  • It is cost effective as you don’t need to bother yourself about production costs.
  • The market is global
  • Becoming an affiliate is free
  • Both storage and shipping are taken care by the seller
  • The seller handles customer complaints about you
  • It can be run as a side business
  • it is a good home based business idea

Animal Feed Production

One of the lucrative small business ideas you can start is animal feeds production. People eat meat, chicken, turkey and eggs every day. But before it gets to that level, there is a need for rearing. All these livestock require feeds for them to grow. If you can formulate a diet that combines different feeds that meet the energy and protein requirements of animal, animal feed production can be a good small business idea for you. Animal feed production can be operated as a home based business. However, you should ensure that you don’t infringe the zoning rules governing your area. You should also ensure you obtain permits before you start the business. If you are searching for small-scale manufacturing business ideas, animal feed production is a small scale business idea that can grow to become a big company. Because of the associated costs involved in the production, it will be good if you can get the feed ingredients at good prices. Buying in bulk can make you enjoy discounts. However, this requires money except your suppliers are ready to sell to you on credit. Getting your formula for the mix of ingredient right will result in the production of feeds that are rich in protein, energy and vitamins. These are vital basic nutritional elements a good animal feed is expected to contain. You can sell your products through distributors, wholesalers or retailers. You can even sell directly to local farmers.

Baby sitting

If you are good at child caring, babysitting can be on the list of small business ideas you can consider. Why should you consider this as a business idea? It is because of the unique advantages it has over other small business ideas. These include the following:

  • It is not seasonal
  • It is recessional-resistant
  • It is business idea you can start without investment
  • It is a good home based business

Babysitting is a good home business idea for women and teen. Nevertheless, it is important that you consider the responsibilities involved and the consequences before you start this business. As a babysitter, you will be responsible for a change of diaper, bathing and the safety of the baby. Therefore, you need to prepare yourself ahead of time. Also, you need to determine the kind of kids you will be comfortable with. Can you look after newborns or kids with special needs? It is important that you ask necessary questions before you accept a babysitting job. As a beginner, you can secure your first sitting job by telling people within your neighbourhood about your new business idea. Kids can be very playful and sometimes annoying. Therefore, you need to be an entertainer. You don’t need to have all the skills required before you start the business, you will learn from parents and other babysitters as you go on.

Baking

If you are good at baking cakes, bread or doughnuts, you will not only gain satisfaction, you can turn it into a money making venture. This is among small business ideas one can start as home-based business. There is growing need for baked products. Many people like eating freshly baked food but in actual fact, many of them don’t know how or have time to bake it. Baking is one of the small business ideas you can start with low investment capital.  You don’t need extra capital to rent a space. It is flexible enough. However, except you already have the equipment needed for your new business idea, you will need to buy appliances like ovens, refrigerators, pans and other utensils. You can decide to run it as a counter service bakery where individuals can walk in and pick baked products. Alternatively, you can make it a speciality service. In this case, you need to specialise in a particular kind of baked product. If you can establish yourself as a speciality, people and bigger eateries will start contacting you for business. As your baking business begins to grow, you will need to start producing in larger quantity. If you want to sustain the growth, it is advisable that you don’t compromise on quality. Also, getting adequate feedback from your customers will help you ensure that you are meeting their needs. As long as you maintain the quality of your products, people will continue to patronize you. Baking requires a lot of time both in production and marketing. Therefore, you need to know the right time you need to hire a staff to assist you. We classify baking among home-based small business ideas for women.

Bead Making

Bead is considered an essential part of dressing for many women nowadays. Beads come in different shapes, styles and colour. It can be worn as casuals. But in most cases, women wear beads on special days or special occasions such as weddings, burial, birthday and other special ceremonies. If you are good at beading, then it can be top of the small business ideas to consider. Even if you don’t know how to make beads, you can easily learn it. The most important thing is your passion for it. If you are very good, the market is there for you. However, marketing is a critical factor when it comes to bead business. You need to explore different media to create awareness about your new business idea. Your first target will be your friends, colleagues and relatives. You can easily reach these people by words of mouth or through your Facebook page. You may need to create a website through which you can showcase your creative works. You can place advert either online or in newspapers and use it to direct people to your website. Setting up booths at arts and crafts fairs is another way of creating awareness about small business. You can also sell your beads on Etsy. Don’t forget that your main targets are women. Women like wearing beads that match their clothes. Every time a woman buys a new dress, she likes to have a bead that goes with it. This means that you can enjoy repeat customers and referrals. Bead making can be operated as a home business. Bead making also falls among home-based small business ideas for women. It is a popular start-up business in Nigeria as the bead is part of their dress. If you want to check out what others are doing or you need inspiration about the type of bead to produce, you can visit the websites of your competitors…

Blogging

Are you interested in online business ideas? Are you talented in a particular area? Do you like sharing knowledge with others? Can you write very well? If your answer is yes, you can begin blogging your way to the bank. Therefore, if you are thinking of lucrative small business ideas, I will suggest you first sit down and think inward because within you may be lying new business ideas that can transform your life. Identify your talent and turn it into a blog. Focus on a particular niche of interest to you and grow to become an expert. It is important that your niche marches your passion, talents and skill. Otherwise, you will soon become bored blogging. You may ask, how then do you make money by blogging?  You make money by monetizing the blog. You can sell affiliate products or market your own information resources on your blogs. However, before you can really make money blogging, you need to have tons of visitors coming to your blog every month. One way you can ensure that visitors to your blog return is by having a signing up banner on your blog. Having a sign-up banner does not guarantee that people will be willing to sign up. You may need to offer them freebies or incentives to do this. You can be sending newsletters to people on your list. These people are potential buyers of your products.

Why blogging? Blogging is one of the home business ideas you can start with no or little capital. There are free hosted platforms you can use for your blog. But if you are actually serious about blogging, it is advisable to go for a self-hosted platform like WordPress. Whether you are in USA, UK, India, Hindi, Philippines or in any African countries looking for online business ideas, you can consider blogging as it cuts across the globe. If you have access to a laptop with internet access, you can blog. Blogging is still among the relatively new business ideas in Africa, But in America, it is one of the most popular and best online business ideas. Some people can testify that blogging is one of the lucrative online small business ideas available on the internet. The truth is that there is no amount that you cannot make with blogging. Some people make just $1,000 while some people earn above $10,000 per month. Some are in the realm of $50,000 per month. Can you see that blogging is actually a big business? The beauty of this business idea is that you can start it as a side business. If you take it seriously, the side income you will be earning from blogging may soon outweigh your regular monthly paychecks. If you want to start your own blog, it is not as difficult as you think.

 

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