Nigeria is a nation with a lot of potential. Many businesses can be started here, which are very affordable. Here are ten of the cheapest businesses to start in Nigeria.
Today I will tell you about the top 10 businesses that can start from 5k to 50k and easily profit from 80k to 500k every month. I am aware that you are eager to learn about this list of firms, so let’s get started right now.
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Here are the 9 cheapest business to start in Nigeria:
1). Online Tutoring
Earn up to $7500 USD in Nigeria
Online tutoring is one of the cheapest businesses to start in Nigeria. You can offer your services to students in need of academic help or those preparing for exams. You just need a computer and an internet.
Promote your services on social media or online classified sites. You can also provide your goods to schools and colleges if you have a teaching qualification. Online tutoring is a flexible business that you can operate from home. It is also a great way to earn extra income.
2). Content creation
Earn up to NGN200k to NGN400k
Content creation is one of the cheapest businesses to start in Nigeria today. You only need a laptop/PC (personal computer) and an internet connection. You can start a website blog. People will be prepared to pay you for anything that you have to offer if it is of sufficient value and you share it with the world.
Content creators are in high demand as more and more businesses are looking for ways to reach their target audience online. You can rapidly establish a dedicated following and get your material to the point where it generates cash with only a small amount of work. So if you want a business to start in Nigeria, content creation is a great option.
3). Personal or virtual assistant
Earn Up to NGN50000 to NGN100000
Personal or virtual assistant services are always in high demand, especially in a country with a rapidly growing economy like Nigeria. Entrepreneurs that are well-organized, attentive to detail, and skilled at juggling several priorities can thrive in this particular line of work. As the business owner, you would be responsible for handling administrative tasks such as scheduling appointments, managing email correspondence, and doing research.
You must also strongly understand social media (facebook, Instagram and twitter) and marketing to promote your business online. While starting a virtual assistant business requires some initial investment in terms of time, it can be a highly profitable venture in the long run.
4). Start Consulting business
Startups always need consultants for market research, business planning, and fundraising. Start a consulting business and help startups grow if you have expertise in any of these areas. There is a huge demand for consultants in Nigeria, and you can easily make a lot of money by starting a consulting business.
5). Open an Etsy shop
Looking for a business idea to start in Nigeria, why not consider opening an Etsy shop? Etsy is a global marketplace for handmade and vintage goods, and there’s a growing demand for Nigerian-made products.
To be successful on Etsy, you will need to produce one-of-a-kind goods of the highest quality, in addition to actively marketing your business. You can create a prosperous company on Etsy and sell your wares to customers all around the world with a little bit of effort and commitment. What exactly are you looking forward to? Get started right now on the preparations for your Etsy business!
6). Make Online courses
Starting a business in Nigeria is one of the best ways to take advantage of the country’s robust economy. With a population of 216 million persons, there is a lot of potential for businesses to find success. One business that could be successful in Nigeria is an online course provider. There are many reasons for this.
First, Nigeria has a massive population of young people who are looking for ways to improve their skills and education.
Second, there is a growing middle class that has disposable income and is willing to spend money on quality education.
Finally, the infrastructure for online learning is improving, making it easier for people to access courses. If you are considering starting a business in Nigeria, an online course provider could be a great option.
7). Become an eBay seller
If you’re finding a business idea to start in Nigeria, why not become an eBay seller? With over 157 million active buyers worldwide, eBay is a great platform for reaching a global audience. And with ever-growing internet penetration in Nigeria, there’s a growing market of potential customers to tap into.
To become an eBay seller, only you need a PC/Laptop and an internet connection. You can list items for sale in minutes, and with just a few clicks, your products can be seen by millions worldwide. So if you’re looking for a business opportunity with huge potential, becoming an eBay seller is worth considering.
8). Vlogger or Blogger
Nigeria is a state with a population of over 200 million persons, and it is estimated that over 60% of the population is under the age of 35. This makes Nigeria an ideal market for starting a digital business. There are many opportunities for businesses that cater to young Nigerians, and one idea is to start a vlog or blog focused on lifestyle or entertainment.
Nigerians are very active on social media, and a well-run vlog or blog could quickly build up a large following. Another benefit of starting a business in Nigeria is that there is a growing middle class with disposable income. This means that there is potential to generate significant revenue from advertising and other monetization strategies. So if you’re finding for a business opportunity in a booming market, Nigeria is definitely worth considering.
9). Laundry Services
Laundry services are always in demand, and there is a growing market for laundry services in Nigeria. With a population of nearly 200 million humans, businesses have a lot of potential for success.
To start a laundry business, you will need to invest in some equipment, such as washing machines and dryers. In addition to this, you will need to choose an appropriate location for your company and successfully promote it. You may establish a profitable washing service in Nigeria if you are willing to put in the necessary amount of labor and effort.