Presently, there are millions of people out there looking for ways to make ends meet but unfortunately, there is not so much to offer in this part of the world where the rate of unemployment is very alarming.
However, there are some businesses that can rescue one from this high rate of unemployment. These businesses do not require a huge amount of money for start-up and they are very profitable.
Interestingly, this article focuses on such business concepts and it aims to give insights on how that little capital can earn you more than just a living.
Before we get started, it’s important to note that to live a good financial life in this part of the world, one needs more than one stream of income. You will agree with me that the present economic situation of the country as a result of the COVID 19 pandemic has displaced many from their place of work. So if you are thinking of scrolling past this article because you already have a job in a public or private sector, think twice.
Now back to where we left off. Let’s take a look at 10 business that you can start up with 10,000 naira.
Mobile Car Wash
For one reason or the other, people find it difficult to wash their cars. It could be work stress or just because they don’t like to and that’s where you come in. The basic necessities for cash wash business are soap, soft sponge, brush, water, buckets, small bowl and napkin. This will barely cost you #3,000. You can make as much as #1000 from washing one car (inside and outside. You can charge #500 for washing just the outside). If you wash up to five cars in a day, you will make times five of the aforementioned amount. You have to know the skill well enough so that you will get recommendations and your business will grow.
This is one of the easiest businesses to start. Most people don’t like to do their laundry so they always require the services of a laundry person. All you need for this kind of job are buckets, detergents and bar soaps, running water, hanger, pegs, hard brush, ropes, iron and ironing stand. This business does not require any laundry experience but in order to stay long in business and get referrals, you need to brand yourself. Try as much as possible to be professional about it.
Web Design and Development
Web design encompasses many different skills and disciplines in the production and maintenance of websites. Many businesses in the world require the service of a web designer. There are many areas of web design that you can focus on for business – web graphic design; interface design; authoring, including standardized code and proprietary software; user experience design; and search engine optimization. It offers you the opportunity to work base on their your own schedule. You can make as much as 50,000 – 250,000 naira per website project. .
Social Media / Influencer Marketing
With the number of people using social media regularly and efficiently, social media is the next big thing. It is a huge necessity for business owners as it help them reach out to a larger audiences. Almost 90% of marketers say their social marketing efforts have increased exposure for their business, and 75% say they’ve increased traffic. It’s an ideal way to create brand awareness and stay in contact with your customers. Nigerians are making loads of cash just by sharing engaging contents and building a loyal followers list. If you are crazy about social media, then this business is for you because. If you have hundreds of thousands of followers, you can easily charge anywhere between 15,000 – 50,000 Naira per post or more—which makes for a very profitable side business idea.
According to a recent survey, the average monthly income of a graphics designer is around 135 thousand Naira. With the lowest being around 61 thousand Naira and Highest around 200+ thousand Naira. Although these salary scale will always vary, based on your experience, skill set, as a smart Graphic Designer with substantial skills, there is always a chance to scale up.Using Adobe illustrator and Photoshop, you can easily learn the fundamentals of graphics design on your own. These fundamentals and gadget can earn you some few bucks to support yourself while learning and improving your skills along the line. Showcasing your design skills on platforms such as Instagram and Facebook can help you earn a good customer base.
Cake and Cupcake Bakery
Ever heard the saying that there is no party without a cake? Well, almost all occasions requires a cake – wedding, birthday, get-together, anniversary etc. This is another business that can be done within the confines of your home. You can get started on a very small budget by baking and decorating right in your own kitchen. An effective marketing idea is to send samples of your cakes to interested parties to make sure they send business your way or showcase pictures of the cakes on Instagram and Facebook using appropriate hashtags.
Small Chops Food Business
People crave finger foods a lot and it is perfect for any occasion just like number 6. Apart from big events like weddings, funeral and birthday parties, small chops are also the preferred choice when gathering friends for a get-together, boat cruise and a time on the beach. The great thing about small chops is that even though there are a lot of people offering this service, there certainly won’t be a shortage of demand. The key to being a successful small chops business owner is creativity and packaging.
This business refers to a business during which you purchase merchandise from abroad (Europe, Asia, America etc) at wholesales costs and sell it within your area for profit. Ensure it is a product that is in high demand in your area. Before or when the products get to you, start promoting them using adverts and make sales. Believe me, many Nigerians are making money from this business every day.To join the new and growing league of small business men and women who can now import products at low wholesale prices directly from overseas suppliers and manufacturers, you would need just the following; computer or mobile phone with access to the internet; valid email address, a valid and traceable home or office address in your country where the items you order will be shipped into, Little money in your bank account.
Small Scale Agriculture Business
This business includes the breeding, production and distribution of crops, farm machinery processing, seed supply, marketing and promoting retail sales. If you have a home, you can plant some crops in small or vertical containers to get the most out of your area or find a little planting area around you. Whether or not you reside within the town or country, you can take the harvest or produce for sale in the markets.
Clearly, fish farming is one of the lucrative aquatic businesses one can indulge in. You will need some basic fish farming knowledge to do this. To raise fish you will need some space in your backyard for digging a fish pond or space in your basement or anywhere else if you want to raise fish in containers. Fish can be raised in any kind of fish tanks, containers, and tubs. You could even raise fish in barrels. Fish farming not only allows you to rear fishes for others, but you will also be the chief supplier of the fishes in your soup for the whole year! It involves building ponds, tap or concrete lake, fertilizing the lake, putting the fingerlings in habitable water and feeding them until they are mature enough for selling. Catfish farming is the most common fish farming in Nigeria. You can start this business in a small-scale with just 10,000 naira by setting up your own fish pond using a 1000 litres open plastic container.
There you have it!
Remember that you must be consistent, trust worthy, creative and intentional to succeed in business. Give your best. Your small business can become the next big thing if you know what you want.