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7 LUCRATIVE BUSINESSES TO START WITH LITTLE/NO CAPITAL IN NIGERIA

Have you ever thought of starting your own business? Why not start now? No money? Well, that shouldn’t be a problem. The cost of starting a business has become lower in this technology age.

You don’t need to have a huge amount of money before you can start a lucrative business in Nigeria. All you need is the right knowledge of the businesses you can start with little or no capital.

In this post, we have explained 7 Lucrative businesses you can start with little or no capital in Nigeria.

  • Sell digital products
  • Start a consulting business
  • Be an affiliate marketer
  • Start DropShipping
  • Become a Tutor
  • Start an errand service
  • Be a Freelancer

Sell digital products

Selling digital products is one of the lucrative businesses you can start with little or no capital in Nigeria. Digital products can range from online courses, music beats, templates, and many more. These products are intangible so you don’t have to worry about the manufacturing cost.  With digital products, you can earn money passively once your products are available for sale online.

Just like every other lucrative business, before you start selling digital products, find out and package what people will be willing to pay for. Once you have done that, start making money from your new business.

Another good thing about selling digital products is that it is not location-based, so there is nothing to worry about. Even if you are in Nigeria, people can buy your product from anywhere in the world.

Start a consulting business

Consulting business is another business you can start with no capital. If you have gained knowledge and experience in a particular field of business, you can offer your knowledge to others in exchange for money.

The kind of consulting you will do depends on your level of expertise in that field. Are you an expert in digital marketing, real estate, or construction? Just think about the expertise you have that others don’t have and start making money from there.

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People will talk about you to others once you do your job well, hence increasing the amount of money you make from consulting.

Be an affiliate marketer

Affiliate marketing is another lucrative business to do with little or no capital in Nigeria. In affiliate marketing, you earn money by referring people to buy a particular product. In affiliate marketing, the more people you refer, the more you earn.

Affiliate marketing is not only limited to sales of products alone. You can also refer people to patronize a service-based organization. You can promote these products or organizations on your social media platforms, blog, or by mouth-to-mouth conversation.

Start DropShipping

Dropshipping is one of the latest and lucrative businesses you can start with little or no capital in Nigeria. What you need basically is a mobile phone and a good internet connection.

Once you have that, your social media platforms will serve as an online store for the products for sale. With dropshipping, you put some products that people are willing to buy on display and source for those products after it has been paid for.

Impressive, right? Yes, you don’t need to have the money for these products, you only sell what has been paid for. The secret of a successful dropshipping business is that you need to know reliable suppliers that will be supplying you with these goods once you order them.

The need for reliable suppliers cannot be overemphasized in dropshipping because you wouldn’t want to sell inferior goods to your customers.

Become a Tutor

Tutoring is a lucrative business to do without having money. If you have any specific knowledge you can teach, then consider being a tutor. The list of what you can teach others is long. You can be a music tutor, language tutor, or even teach specific school subjects.

Tutoring is also not location biased since the world is now digital. You can fix classes for your students via zoom, google meets, or any online platform. Make sure you are well knowledgeable before offering tutoring services or else you will lose your students/clients.

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Start an errand service

The common misconception many have about errand service is that it is a poor man’s business but it is actually one of the lucrative businesses you can do without spending a penny. All that is needed of you is your availability.

The nature of some people’s jobs doesn’t allow them to have time to do some chores and that’s where you come in. Some of these chores may include buying foodstuffs, picking up a delivery, and many others.

Just make sure you do your job honestly and they will be more than glad to refer you to someone else.

Be a Freelancer

Freelancing is another lucrative business that will not cost you. If you have skills that you are willing to exchange for money, then consider being a freelancer.

The skills you can exchange for money range from writing to editing, proofreading, transcribing, and many more.

With freelancing websites like Upwork and Fiverr, you can commence your freelancing business. The major requirements to be a freelancer are skills, a mobile phone/laptop, and a good internet connection.

You can be in Nigeria and be working for clients in the UK, USA, England and other nations of the earth.

FAQs (Lucrative businesses you can start with little or no capital in Nigeria)

Which business can I start with no capital in Nigeria?

Here are 5 businesses you can start with no capital in Nigeria.

  • Dropshipping
  • Consulting business
  • Tutoring
  • Freelancing
  • Affiliate marketing

What is the cheapest business to start in Nigeria?

Below is a list of 5 cheapest businesses to start in Nigeria.

  • Affiliate marketing
  • Errand service
  • Tutoring
  • Sale of digital products
  • Writing service

How can I make money in Nigeria with no capital?

Listed below are 5 ways to make money in Nigeria with no capital.

  • Sell digital products
  • Become a private tutor
  • Be an affiliate marketer
  • Start dropshipping
  • Be a freelancer

Now, lack of money is no longer an excuse.  The 7 businesses listed above are businesses you can start with little or no capital in Nigeria. Ensure you sell quality products and provide quality services if you want to make a huge sum of money from these businesses.

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Which of these businesses do you consider doing? Feel free to share with us in the comment section. Don’t keep these things to yourself, share this post with your loved ones so that they will know the businesses they can start with little or no capital in Nigeria.

 

 

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