Top 19 Small Scale Business In Nigeria
Are you ready to embark on a new business venture but unsure of where to begin? If you’re in Nigeria and looking for business ideas that are both manageable and affordable, you’re in the right place.
Here’s a detailed guide to 19 small-scale businesses that you can start with minimal investment. According to the Nigerian Bureau of Statistics, small businesses make up a whopping 96% of all businesses and provide 84% of the jobs, meaning there are plenty of opportunities out there for you.
Whether you’re aiming to start a business with little capital or simply exploring new ventures, this list provides practical and profitable ideas that can help you get started today.
Small Scale Business In Nigeria
1. POS (Point of Sale) Business
In recent years, the POS business has become a popular venture in Nigeria due to the surge in agency banking. This type of business allows you to earn commissions by facilitating transactions for customers. Getting started is relatively straightforward. Visit a financial institution like Moniepoint MFB, provide the necessary documentation, and you’re good to go. With a starting capital as low as N30,000, you can set up a POS business without needing a large physical space.
2. Cleaning Services
In bustling Nigerian cities, many people are too busy to thoroughly clean their homes or offices. This presents a great opportunity for you to start a cleaning service. With just a few essential cleaning supplies, you can begin offering your services. As your clientele grows, so can your team. The potential for expansion is significant, making this a viable and scalable business option.
3. Photography Business
If you love capturing special moments and have a creative flair, diving into the photography business could be perfect for you. Invest in a quality camera and refine your photography skills to cover events like weddings, birthdays, or corporate functions. Additionally, you can monetize your photos by selling them on platforms like iStock, Unsplash, or Dreamstime. With the rise of the digital era, there’s a high demand for top-notch photos, making photography a fun and lucrative venture to start.
4. Fashion Thrift Business
The thrift fashion market, often referred to as ‘okirika,’ is thriving in Nigeria. Many people are drawn to high-quality, affordable clothing. You can tap into this market by sourcing stylish second-hand clothes and footwear. Set up an online presence through social media or a website to reach a wider audience and make sales from home, saving on the costs associated with renting a physical store.
5. Event Planning
If you enjoy arranging and decorating events, starting an event planning business might be a perfect fit for you. From birthdays to corporate events, there’s a constant demand for event planners. Start by organizing events for friends and family to slowly build your experience and showcase your skills. As you gain experience and referrals, you can scale up to larger events and continuously update your skills with the latest trends and tools.
6. Palm Oil Storage Business
Nigeria’s abundant agricultural resources provide a lucrative opportunity in the palm oil industry. Purchase palm oil during its off-peak season, from February to April, and store it until the peak demand season in July. This strategy can yield significant profits, with potential returns of 50% to 60%. By setting up efficient storage and distribution channels, you can grow this business and expand your reach nationwide.
7. Catering Services
For those who love cooking and have a talent for preparing delicious meals, starting a catering business can be highly profitable. Begin by cooking for family and friends, then expand to larger events as you receive more referrals. With a small investment in cooking equipment and ingredients, you can turn your culinary skills into a thriving business.
8. Copywriting Service Business
Being good at copywriting is highly valuable in today’s marketing landscape. More and more businesses are on the lookout for talented copywriters who can create engaging advertisements, email campaigns, and other types of content that grab people’s attention. If you have strong writing abilities and creativity, consider starting a copywriting business. You can begin with smaller clients and gradually take on larger projects or freelance opportunities on platforms like Upwork.
9. Sports Viewing Centre Business
Football is a huge passion in Nigeria, and many people seek a place to watch live matches. If you live in an area where such facilities are lacking, consider opening a sports viewing center. Equip it with comfortable seating, high-quality gadgets, and a reliable cable connection. With consistent service and a welcoming atmosphere, you can attract loyal customers and their friends.
10. Confectionery and Baking Business
Nigerians love their pastries and snacks, whether it’s cakes, puff-puff, or doughnuts. You can start a baking business from home with a few essential tools like an oven and mixers. Share your baked goods through social media or word-of-mouth, and you could quickly see your business grow as you cater to various events and celebrations.
11. Laundry Business
Laundry services are constantly needed, particularly in bustling city areas where people don’t have the time to do their own washing. Begin by offering door-to-door laundry services in your neighborhood. With basic washing supplies and a small investment in a washing machine, you can start this business from home and gradually expand your customer base as you build a reputation for quality service.
12. Zobo or Hibiscus Drink Business
With a growing trend towards healthier living, Zobo drinks have become popular for their numerous health benefits. Start a Zobo production and distribution business using simple ingredients like hibiscus leaves and natural spices. With the right marketing strategy, you can tap into the increasing demand for healthy beverages and enjoy profitable returns.
13. Blogging and Content Creation
If you love writing, why not start your own blog? This venture allows you to share your knowledge and interests with a wider audience while generating income. Concentrate on producing top-notch content and use your blog to connect with and engage your audienc. Monetize your blog through affiliate marketing and ads on platforms like Google Adsense. With consistent effort, blogging has the potential to become a profitable venture.
14. Perfume Oil Business
The perfume oil industry presents a promising chance for small businesses to thrive. You can start by purchasing perfumes in small quantities from wholesalers and selling them at a markup. Research your target market to understand their preferences and budgets. With an initial investment as low as N5000, you can establish a successful perfume oil business.
15. Professional Driving
If you have a valid driver’s license and a reliable vehicle, becoming a professional driver for companies like Bolt or Uber can be a profitable venture. In busy cities like Lagos or Abuja, drivers can earn significant monthly income. You can even lease a car if you don’t own one, making this a viable option without needing substantial capital.
16. Scrap Metal Sales Business
Starting a scrap metal business not only supports recycling efforts but also offers a chance to earn money. Collect scrap metals from various sources and sell them to recycling companies. Equip yourself with necessary tools like magnets and a small truck, and build good relationships with recycling firms to ensure a steady income.
17. Road Transportation Business
If you’re interested in the transportation sector, consider starting a road transport business. Depending on your capital, you can operate within your local area or extend to inter-state transport. Register with local transport unions and use vehicles like auto rickshaws (Keke) under hire-purchase agreements to get started.
18. Social Media Marketing
With the rise of social media, many businesses are looking for skilled marketers to handle their online presence. Set up profiles on platforms like Instagram, TikTok, or YouTube, and create engaging content for businesses. As your social media page grows in popularity, companies may reach out to you for marketing collaborations.
19. Ice Block Manufacturing
In areas with unreliable power supply, ice blocks are essential for keeping perishables fresh. Start an ice block manufacturing business by setting up a suitable location with power-generating equipment. Reliable delivery agents and competitive pricing can help you capture a significant share of the market and ensure a steady stream of income.
Conclusion
The opportunities for small-scale businesses in Nigeria are abundant and diverse. Whether you’re interested in catering, copywriting, fashion, or any of the other ideas mentioned, there’s a niche for every entrepreneur. By leveraging local resources and understanding market demands, you can start a business with minimal investment and watch it grow. Remember, having efficient banking solutions and essential business tools can significantly impact your success. So, explore these ideas, choose the one that resonates with you, and take the first step towards becoming a successful business owner in Nigeria.
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