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Business You Can Do In Nigeria With Little Capital?

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What kind of business can I start with little capital in Nigeria?

The term “little capital” refers to several things depending on the kind of business. For example, 10 million naira may not seem like much to establish a coal mining company, but it’s a significant amount to start a restaurant, grocery store, boutique, or other comparable business.

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The amount needed varies depending on the industry and type of business you intend to start. Determine the kind of endeavor you want to launch and carry out a feasibility study to weigh the advantages and disadvantages. An extensive analysis helps you enter the market successfully.

Put fixing a society issue ahead of concentrating on your financial resources. People that think your idea is a good one and can solve a real problem might invest in it.

Business can do in Nigeria with Little Capital?

1. Retail Store:

Start a store selling groceries, clothing, electronics, or household items. Costs vary but generally range from hundreds of thousands to millions of Naira.

2. Food Business:

Explore restaurants, fast food joints, food delivery, or catering. Startup costs vary but typically range from a few hundred thousand to several million Naira.

3. Agriculture:

Venture into crop, poultry, fish farming, or livestock rearing. Costs vary widely, from tens of thousands for small-scale farming to millions for larger operations.

4. YouTube:

If you’re creative, create content on YouTube and monetize your channel for passive income.

5. Affiliate Marketing:

Join affiliate programs of e-commerce sites like Jumia and Konga, earning commissions for products sold through your referral links.

6. Blogging:

Start a blog on a topic you love, post quality content consistently, and apply for Google AdSense to earn money.

7. Writing:

Write and publish books on platforms like Booksrite and Okadabooks or start a blog with Google AdSense for income.

8. Sewing:

Launch a sewing business creating personalized designs. Stay updated on fashion trends to attract customers.

9. Education and Training:

Tap into the demand for education with a private school, tutoring center, language school, or vocational training institute. Costs vary based on factors like location and infrastructure, ranging from hundreds of thousands to tens of millions of Naira.

 

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