There are numerous Low cost Business Ideas with high profit in Nigeria for everyone looking to start a business in Nigeria
As the economy of Nigeria continues to grow, more and more people are looking for low-cost business ideas that can bring in high profits.
Fortunately, there are many options available that require minimal investment but can yield significant returns.
In this article, we will explore 23 low-cost business ideas with high-profit potential in Nigeria.
Table of Contents
1. Online Tutoring
Online tutoring is a great low-cost business idea for people with teaching experience.
With the rise of remote learning, there is a growing demand for online tutors in various subjects.
To get started, you will have to join an online platform that can connect you with students.
Among many are Ulessons which happen to be the most popular.Â
Read More: How to Start Tutoring as a Teenager, Student, or Graduate (The Success Secret)
2. Content Creation
Content creation is another low-cost business idea that can be done from home.
If you have a passion for writing, graphic design, or video production, you can create content for businesses and individuals who need it.
Freelance platforms such as Fiverr and Upwork are great places to find clients.
Read Also:
- How to start a blogging business (The Ultimate Blueprint)
- How to Become a Freelancer: Step-by-Step Guide to Joining the Gig Economy
3. Social Media Management
Social media management is a growing industry in Nigeria.
If you have experience managing social media accounts, you can start your own business by offering your services to businesses and individuals.
You can create content, manage social media pages, and help businesses increase their online presence.
To get an offer in this business, you must have proof of success with at least 3 social media accounts in the past.
Is not easy at first to succeed in this business, but when success starts coming, it becomes easy to get clients, and more clients mean more money.
Read More: How to Start a Social Media Management Company/Agency (The Complete 8 Steps)
4. Graphic Design
Graphic design is an essential component of any business.
If you have a talent for creating eye-catching designs, you can offer your services to businesses that need logos, flyers, brochures, and other promotional materials.
You can even start a training group on Facebook, or/and Whatsapp and sell your premium graphic skills but offer to teach the basic skills to your students for free.
5. Event Planning
Event planning is another low-cost business idea that can be done from home.
If you have a passion for organizing events, you can start your own business by offering your services to people who need help planning weddings, birthdays, and other special occasions.
You can also partner with those event rental companies to reach more clients.
One criterion to succeed in this business is; “you must be skillful and must have undergone a one on one training”.
Read Also:
- Interior Design Business in Nigeria: A Complete Guide
- What type of Interior Design makes the most money?
6. Blogging
Blogging is a great way to express your creativity and make money at the same time.
You can start your own blog and write about topics that interest you, such as travel, food, or fashion.
You can monetize your blog through advertising, sponsored posts, and affiliate marketing.
And the beautiful thing about this idea is, you can start with zero capital using the Blogger platform
READ MORE: How to start a blogging business (The Ultimate Blueprint)
7. Personal Training
If you have a passion for fitness, you can start your own personal training business.
You can offer your services to people who want to get in shape or improve their health.
You can train clients in person or online.
You can start this business by having some weight lifting within your compound or anywhere you decide to start this business.
READ MORE: How to be a successful Fitness Trainer
8. Translation Services
If you are fluent in more than one language, you can offer your services as a translator.
There is a growing demand for translation services in Nigeria, particularly in the areas of business and tourism.
And you can also check out NGOs on recruitment websites in Nigeria, as they are always in need of translators.
For NGOs, the most demanded language is Hausa, Fulani, and those minor languages in the North because that’s where they mostly operate due to the security and poverty crisis there.
The pay from NGOs is very attractive.
9. Freelance Writing
Freelance writing is a great way to make money from home.
You can write articles, blog posts, and other content for businesses and individuals who need it.
Freelance platforms such as Fiverr and Upwork are great places to find clients.
If you have a blogger to showcase your writing skills or whatever freelancing skills you want to sell it will be an added advantage.
Read More: How to Become a Freelancer: Step-by-Step Guide to Joining the Gig Economy
10. Laundry Services
Laundry services are always in demand, particularly in urban areas where people are too busy to do their laundry themselves.
You can start your own laundry business by offering pickup and delivery services.
If you want to know more about laundry service you can read this article; How to Start a Profitable Laundry Business in Nigeria
11. Food Delivery
Food delivery is a growing industry in Nigeria.
If you have a car or a motorcycle, you can start your own food delivery business.
You can partner with restaurants and other food vendors to offer delivery services to their customers.
If you are interested in this business idea, you read these articles:
12. Cleaning Services
Cleaning services are another low-cost business idea that can be done from home.
You can offer your services to homeowners and businesses who need their spaces clean.
You can start with basic cleaning materials then as you expand you can add some advanced cleaning materials.
To boost your chances of getting clients easily, you can build up a website where you give better descriptions of what your cleaning services offer that makes it unique from others.
READ MORE: The 7-Step Guide: How to Start a Cleaning Business Successfully
13. Home Décor and Design
If you have an eye for design and a passion for home décor, you can start your own home décor and design business.
You can offer your services to homeowners who want to decorate or redesign their homes.
You can also sell home décor items such as candles, cushions, and wall art.
Your publicity is key to success in this business.
READ MORE:
14. Pet Care Services
Pet care services are in high demand in Nigeria, particularly in urban areas where people have busy lifestyles.
You can start your own pet care business by offering services such as pet grooming, pet walking, and pet sitting.
15. Car Wash
Car washing is a low-cost business idea in Nigeria that can yield high profits.
You can start your own car wash business by offering basic car washing services.
You can also offer additional services such as car detailing and interior cleaning.
For more on this business Idea: Car wash business in Nigeria: Make 900k Monthly
16. Photography
If you have a talent for photography, you can start your own photography business.
You can offer your services to people who need professional photographs taken for passports, weddings, birthdays, and other special occasions.
You can also sell your photographs online.
READ MORE: How to Start a Photography Business in 9 Simple Steps
17. Home Repair Services
Home repair services are always in demand, particularly in Nigeria where many homes are in need of repair.
If you have experience in home repair, you can start your own business by offering services such as plumbing, electrical repair, and carpentry.
And as long as you are good and honest in the services you provide, you will always have work and recommendations.
18. Personal Shopping Services
If you have a passion for fashion and shopping, you can start your own personal shopping business.
You can offer your services to people who need help choosing outfits for special occasions or who simply don’t have the time to shop themselves.
This business idea requires publicity and evidence of previous work. The best place to achieve that will be on Tiktok and Instagram.
19. Mobile Phone Repair
Mobile phone repair is a growing industry in Nigeria.
If you have experience repairing mobile phones, you can start your own business by offering repair services to people who have damaged phones.
This business is only profitable to those who are well-trained in fixing phones.
And if you know you are not well trained, it is advised you stay clear from this business, or else you will end up making the police cell your second home.
Read More: How to Start a Phone Repair Business: Your Complete Guide
20. Social Media Influencing
Social media influencing is a growing industry in Nigeria.
If you have a large following on social media, you can start your own business by partnering with brands to promote their products.
And as we all know all celebrities are social media influencers, and others who have large numbers of followers have become celebrities; “even when there is nothing about them apart from the popularity they have gained in social media”.
Read More: How to Start a Social Media Management Company/Agency (The Complete 8 Steps)
21. Jewelry Making
Jewelry making is a creative and low-cost business idea.
You can make and sell your own jewelry through online marketplaces such as Etsy and Jumia.
READ MORE: How to Start a Small Jewelry Business From Home (All 6 Steps)
22. Cleaning Products
If you have a talent for creating cleaning products, you can start your own business by making and selling your own cleaning products.
You can sell your products online or through local stores.
Make sure you’ve done personal testing to make sure it has no side effects.
23. Fruit and Vegetable Business
The fruit and vegetable business is a low-cost business idea in Nigeria that can yield high profits.
You can start your own fruit and vegetable business by setting up a shop in a high-traffic area such as a shopping mall, office building, or high-footfall junction.
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Conclusion
Starting a low-cost business in Nigeria is a great way to become financially independent.
By choosing one of these 23 low-cost business ideas with high-profit potential, you can start your own business and achieve your dreams.
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