18 Businesses You Can Start With Little Capital
Today, we would be introducing you to 18 businesses you can start with little capital. This is important as everyone has realized post-covid 19 that it is not enough to earn a living through salary, we must have a side hustle.
These are the 18 Businesses You Can Start With Little Capital
Putting on clothes is a necessity and some people just don’t have the time to tidy up their clothes. In cities like Lagos, Aba, Awka, Abuja, Kaduna, Abeokuta, and Ibadan, people have busy lives.
Time is always moving fast ahead that it gets so hard to create time for such thing as laundry. As a business person, you should be seeing a good opportunity here. You need to create a brand for yourself in quick and efficient service delivery.
When you expand your business, you get better facilities like washing machines etc.
The basic requirements and equipment needed for this business are; water, detergents, buckets, pressing irons, hangers and a couple of drying ropes.
Raising domestic birds like chicken, duck goose, turkey etc for meat or egg for food is another successful business.
If you start with 1000 birds with good management, July the end of the years you must have sold more than 2000 birds and a thousand eggs and still have more for the festive period. Snail farming is another lucrative business that people hardly venture into, it is easy to start, feeds are easy to get, and snails or easy to take care of.
You can never go wrong in the food industry. Most bachelors do not know how to cook. Some working-class persons just don’t have the time to turn on their gas. Some mothers are too stressed to prepare meals for their children and husband.The problem of quality assurance on foodstuff is needed to be solved.
People buying from you need to be assured that your food is well cooked, hygienic and sweet. Do you have a knack for selling stuff without burning through your capital?. Foodstuff retailing is an easy-to-start offline business though management-demanding. Once you have a shop and networking with some good foodstuff distributors around you, you will start multiplying your profit steadily though it takes time. Some times you do not need to start with a shop. Just build your business network and connect well. You will be amazed at how the business will expand. People cannot do without food. All you need is to identify your customers and connect with them.
“All you need to start up is to get a good cook(if you’re not) and a get a good location or a good social media marketing platform”.
▪︎Plantain chips making
Plantain chips is a snack you can find I’m almost every corner of the country.
You can easily start up with ripe and unripe plantains, a big frying pan, a small sealing machine nylons and labels and a few other utensils and you’re good to go.
▪︎ Fashion/wears/accessories (wristwatch, necklace, ear-rings, rings, sunglasses etc)
Look around and see how constantly people including you are patronizing boutique shops. These shops are never going out of business not even when the country’s economy has a snag. Why? It is simply because people do never want to miss out on the fashion trends. This business is one of the businesses to start during a recession.
▪︎ Painting Business
The rate at which structures are coming up daily is alarming. This may be skill- driving but it takes as much dedication you may have to throw into any other business to be a skilled painter. And it doesn’t end there. For you to be a successful painter you may want to learn how to be persuasive, how to meet potential clients and earn a lifetime working relationship with them. So here, much of your capital is invested in educating yourselves in these things.
People must buy rice, beans, garri, oil, maggi etc, because food is very important to the body. People must eat food to survive.
This business thrives well in busy areas. You know how busy the barbeque shop down the street is especially at night. Gone are the days when selling steak is a thing of bars. Today, as long as you live in a city where people enjoy night outs eating roasted meats with friends, your barbeque business may just be a calling. Just learn how to prepare special barbeque, get a corner kiosk and start making money daily. It is an evening business from 4 pm to 8 or 9 pm, highly profitable with little input needed.
▪︎Bed sheet/Beddings Production.
You can invest in bedding production. You have to put into consideration the nice color selection and quality of the materials. For a while now, people will be scare of purchasing a foreign bed sheet because of fear of the Coronavirus. You can capitalize on this opportunity and ensure you work on your packaging. Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and I tell you the guys who will sew it for you are just within the same Market. You can start with less than 100k and diligently grow your money.
▪︎Nose mask Production
With the current lockdown, by the time people will be moving from location to another. They will require a Nose mask as a preventive measure. 50% of the nose mask produced in the world is from China. You can capitalize on this opportunity to produce a high-quality mask, you may not be able to meet up with the production.
Schedule a trip to Major Markets, The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s, and market these babies properly beg your friend on twitter for RTs, we buy 3s pack boxers for 1500-2500 sell yours for 1200 and gradually grow. Just ensure you work on efficient service delivery and quality products.
▪︎E-Payments and POS Business
Many are afraid of going to crowded places; POS business can save a lot from long queues in the banking hall. You can a get POS machine from your Bank, and activate online banking: If you live in a place where banks aren’t much you can handle e-payments for people and make your small change.
Selling of Recharg cards, doing T.V( Dstv, Gotv, Startimes), data and Prepaid meter subscriptions, nepa bill payments, generating waec and neco pins. This is a business you can do with just your laptop or phone, no matter the place or time.
▪︎ Cleaning Services and Fumigation.
Some people find it hard to clean their apartments ‘cos they’re busy from Monday to Friday and Saturday they have engagement and on Sunday all they wanna do is rest. Your tools won’t cost you up to 30k and you can clean 6 apartments. The need for fumigation is paramount in this current situation of the country. You can generate a lot of money from cleaning services and fumigation. As the rainy, season is approaching; there may be a need to keep off rodents and deadly animals from the houses and environment.
▪︎Digital Marketing / Content Creation
The success of any business is in its ability to effectively reach its teeming customers and this is achieved by effective marketing: Get a Used Laptop and Smartphone, temporarily, your smartphone can double as your hotspot Persistence and Passion. You can read more on influencers and strategically solve problems.
▪︎Home Service Barber
This is another profitable small-scale business. The beautiful thing about this is you bring your services to your clients for an extra token above regular. The starting capital to get the equipment is very minimal and I’m sure you know we have rechargeable clippers at affordable prices. Currently, many people will prefer home services compare to the general barbing saloon.
▪︎Online Tutorial Classes
With currently worldwide situation, many have seen the need for teleconferences using visual technology. Many more of these services will be embraced. You can start an online class that will cover various stages of education. Just close the gap, meet their need for a fee. You can cover a large client within a short time frame.
▪︎ Sachet Water Production
This business is capital and labour intensive. It has a high profit margin of over 50%, especially if it is well managed.
Since no one can do without drinking water, you can be sure of your business if it is well taken care of.
It is high time we have multiple sources of income so that we can meet present and future challenges.