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10 Businesses You Can Start Today With Very Little Capital In Nigeria
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Starting a business has always been the dream of so many people including Nigerians. There's no doubt saying starting and running your own business is one of the biggest accomplishments you can achieve in your lifetime. The benefits that come with starting and running a personal business include but not limited to the following:
Self-employment: You are your own boss and as such not answerable to anyone.
Flexibility of decision making: You can make quick decisions concerning your business with or without consulting any third party.
Higher income: Most successful business people earn higher income more than they do while working for other people.
Satisfaction: You will enjoy the satisfaction that comes from starting and watching your business grow.
E.T.C.
If the above mentioned are true (of course they are), why then do most people still go for 9-5 jobs rather than venturing into business?
The simple answer to this is capital constraint .
However, today I will be exposing you to 10 businesses you can start with as low as N100,000 or lesser from anywhere in Nigeria-ranging from the comfort of your house to setting up an outlet or a shop.
These businesses have high return on investment (ROI) as we carefully selected and studied them overtime before we compiled and publish them here.
Table of contents
Phone Charging Business
As Nigeria keeps facing the issue of unstable power supply especially in villages and rural areas, this is an opportunity you can utilize to make at least N20,000 daily.
Location
The first step to take in setting up this business is to identify a busy area such as a market, junction, church or even schools.
Set up a kiosk or a charging table in a strategic place within these areas and start charging phones and electronics gadgets for people and you will be sure of going home daily with nothing less than N20,000.
Cost Of Setting Up A Phone Charging Center
Running cost
This include the cost of the petrol, oil or any other item you will be consuming in the course of running your business such as masking tapes and markers to be able to indicate and tag every user accordingly. We put this at ±N20,000
Profitability
Price Of charging a phone:N200 estimated number of phones you can charge per day: 80-100
That's 100*200=N20,000
Price Of charging a power bank:N300 estimated number of power banks you can charge per day:15-25
That's 15*300=N4500
Price of charging rechargeable touch lights and music players:N150. Estimated number of devices to charge per day:100.
That's 100*150=15000.
Total revenue=N39,500
Profit=Total revenue -running cost
=N39,500-N20,000=N19,500.
Therefore, you will make N19,500 from phone charging in a day in Nigeria
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