Looking for a guide that shows you the Cheapest Business ideas to get started this year? Read this post to know more.
Are there any inexpensive company ventures in Nigeria that one could launch with little to no funding? The quick answer is that you can establish a lot of profitable small businesses in Nigeria today for very little money. These company concepts have the advantage of being extremely lucrative and satisfying.
The greatest inexpensive business ventures that you can start right now are examined in this article. The correct ideas, a little bit of inventiveness, and little to no capital are all you need to launch any kind of business.
1. Cleaning services
One of the most in-demand services that a lot of people in Nigeria require is cleaning services. Nevertheless, starting a housekeeping or office cleaning business requires some cash.
You may start alone as a lot of houses and companies will require your services. As your company expands, you can hire staff members to help you with heavy workloads.
Here are a few cleaning tools you might need to kickstart
1. Sponge
2. Microfibre cloths
3. Cleaning detergent
4. Bucket
5. mop, dustpan, and broom
6. Spray bottle
7. Scrub brush
2. Catering services
You may use your kitchen’s culinary equipment to begin offering affordable catering services. Spending small amounts of money on the few items you may need but lack is all that is required. Offer your services as a cook and delivery person for gatherings, parties, get-togethers, birthdays, and other various occasions.
As you can see, starting doesn’t require a physical location. Start small and test with friends and family. As your business grows, you may add more services and purchase industrial kitchens, delivery bikes, and food trucks.
3. Zobo business
This is one of the Cheapest Business Ideas right now that can earn you a decent amount. All you have to do to get started on making Zobo is watch a couple of quick YouTube tutorials. Purchase just the products you don’t currently have in your kitchen, as you may already have some of them.
Here are a few items you need to get started
1. Pot, turning sticks, and bowl
2. Measuring spoons
3. Pet bottles
4. Bottles sealing machine (if necessary)
5. Zob leaves, ginger, sugar, and citrus fruit
4. Affiliate marketing
If you wish to create a modest internet business, you can start an affiliate marketing company. With the help of affiliate marketing, you may advertise other people’s goods and get paid for each sale. You need a website and a solid grasp of online marketing to launch an affiliate marketing company.
Once you have this, you may promote other people’s products in a variety of marketplaces, including the technology, fashion, and beauty sectors. Then, as your company expands, you may target a wider audience and increase the variety of products you provide.
5. Event planning
In Nigeria, individuals are always involved in some sort of event, particularly on the weekends and on holidays. As a result, launching an event-organizing company will be quite profitable.
To provide your services to companies and people for events like weddings, birthday celebrations, and corporate events, you must be passionate about planning and arranging events. As it’s a low-cost business concept, begin by organizing little gatherings for your loved ones. Additionally, when your company expands, you may buy furnishings like tables, chairs, and tents. But use rental services for the time being.
6. Become a driver
You do not need to purchase a car to become a driver since we are talking about inexpensive or low-cost business ideas. You don’t need to possess a car of your own to become a driver in many different ways. For instance, you may work as a driver with Lag Ride, Uber, or Bolt, or you can utilize any of the other Nigerian mobility firms.
Seek out a person who is prepared to purchase a car for you and come to an agreement over the amount you will provide him on a daily, weekly, or monthly basis. There is no initial financial requirement for this company venture.
7. Perfume oil business
The perfume industry is one of the least expensive company ventures in Nigeria. You may launch a perfume company for as little as N5000. Purchase from wholesalers in small amounts and resale to clients. Since the things you will be purchasing are being produced by someone else, thoroughly investigate them. To make sure that your target clients would be interested in the items or perfumes, conduct market research. Think about working with a dependable vendor that can provide you with the greatest fragrances at the most affordable cost.
8. Baking and confectionery business.
Don’t overthink this: starting a baking business doesn’t need owning a bakery. The main baking appliance you’ll need is a conventional oven, if you can afford one. On Jumia, however, you can get an electric oven for as little as N50,000. You may also need a baking pan, mixer, and other supplies. If you’re not able to purchase an oven, start with treats like tiny chops that don’t need one.
9. Laundry business
Laundry services are yet another inexpensive company venture that may be launched in Nigeria. The washing machine on Jumia costs around N50,000, and starting this company doesn’t always need opening a physical store. Alternatively, you may work from home in comfort.
Hangers and laundry detergent are maybe other goods you’ll need. You can work from home and earn an excellent life doing this.
10. POS business
This is one of the Cheapest Business Ideas in Nigeria. It’s not necessary to have a store if you want to launch a point-of-sale (POS) firm. A place can be shared by two people. You may also do business from the comfort of your own home by using word-of-mouth marketing. You can start generating money there if you tell your friends and relatives about your business.
You may initiate a point-of-sale (POS) company by going to any bank of your choosing, requesting POS, and having them inform you of the requirements. Then, you may start your point-of-sale company with as little as N30,000.
Congrats on completing this Cheapest Business ideas article. You can get a business plan for each of them. Other businesses and their feasibility plans are listed below
OTHER FEASIBILITY AND BUSINESS PLANS INCLUDE
- Maize Flour Processing Business Plan download
- Cattle Rearing Full Business Plan Download
- Poultry (Layers or Broilers) Full Business Plan Download
- Cat Fish Farming Full Business Plan Download
- Groundnut (Peanut) Farming Full Business Plan Download
- Ginger Planting Full Business Plan Download
- Potato Chips Production Full Business Plan Download
- Groundnut Oil Processing Full Business Plan Download
- Rice Cultivation Full Business Plan Download
- Grains and Cereals Wholesale Full Business Plan Download
- Cassava Farming Full Business Plan Download
- Yam Farming Full Business Plan Download
- Shea Butter Processing Full Business Plan Download
- Furniture Wood Work Full Business Plan Download
- Download Full Bakery Business Plan
- Cassava Production and Processing Full Business Plan Download
- Pure/Sachet/Table Water Full Business Plan Download
- Uber Business Plan Download
- Chin chin production business plan Download
- Fashion business plan download
- Logistics Business Plan Download
- Microfinance Business Plan Download
- Hotel Business Plan
- Ginger farming Business Plan
How To Download The Business Plan In Nigeria
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