In
a country where poverty and unemployment have become the order of the day, the
concept of business ideas in Nigeria and its next startup can be compared to a
gold mine that allows people to have a good life.
According
to Statista.com, a total of 32.5% of Nigerians are unemployed in 2021, and the
unemployment rate is expected to be 33% in 2022. In addition to being a gateway
to self-employment and helping to end the job search, starting a personal
business from a different business perspective also comes with many benefits,
including:
Unlimited freedom
Unlike
working under someone or a team, where your boss/boss decides how you will work
and work, self-employment allows you to work at your own pace and in a simple
way. This is suitable for those who may not have what it takes to work for the
company due to certain conditions such as old age, health problems, short time,
etc.
Fulfillment of dreams and
aspirations
Getting
a job is one thing, getting a dream job is another? While the former can be a
little tricky, the latter is almost impossible to find. We live in a country
where the majority of people work jobs they don't really want or because they
have nothing else to do. But with the right business idea and mindset, a person
can fulfill his life dreams by starting a business that matches such dreams.
Financial Independence
Financial
rewards are another important factor in starting a personal business. It is no
longer news that many Nigerian employers pay their workers peanuts. The prices
of goods are high and the wages paid to workers are not enough to meet their
daily needs. A good business idea, once implemented, can change the situation
and give the beginner financial freedom.
From
the above, it can be found that having a business idea and making it stand out
is very important to anyone who finds it good to give it a chance.
Although
there are many barriers to starting a personal business, start-up capital is
still a big hurdle.
In
this article, you will learn about 26 profitable small businesses that you can
start with just 1000 naira.
A
time when people wait until they have hundreds or even millions of naira in
their accounts before starting a business. At this time, with the acquired
skills, you can start your business without anything. Having a laptop or
desktop computer makes it easy to earn money. With your laptop and knowing how
to work and use the necessary tools, you can earn a decent amount of money.
List of 26 Business Ideas
That You Can Start With N1000
1.
Freelance writing
2.
Tutoring
3.
Event planning
4.
Event hosting
5.
Affiliate marketing
6.
Tester or reviewer
7.
Application developer
8.
Website developer
9.
Internet security consultant
10.
Graphics designing
11.
Business plan designer
12.
Informational product creator
13.
Resume writer
14.
Translator
15.
Editorial services
16.
Online photo selling
17.
Call center representative
18.
Travel planning
19.
Computer training
20.
Personal chef
21. Laundry business
22.
Shawarma selling business
23.
Declutter agents business
24.
Selling of clothes
25.
Phones and other gadgets charging
26.
POS / Electronic Payment
Let's
study it carefully
1. Freelance Writing
Freelance
writing involves simply writing articles for publication on websites, blogs,
newspapers, magazines, or anything else for a fee. Personally, freelance
writing has been making money for me for a few months now. It is easy to start
and requires little money and no capital. As long as you have the necessary
tools and skills, you can earn any amount.
There
are many websites that want freelance writers, you can search for them online,
sign up for one, and start making money. Personal essays require a laptop or
desktop computer and an internet connection.
Having
a laptop is not necessary; you can use the cybercafé to create your stories.
Writing a new article in an internet cafe takes time and requires preparation
and motivation.
There
are some Android apps like Microsoft Word, WPS Office, etc. which you can use
to write your articles so that when you arrive at the internet cafe you will
make a few corrections, if any, and upload them. These android apps can be
found on Google Play store.
2. Tutoring
There
are many children, teenagers and even adults who need help with their studies,
there are thousands of parents who are willing to give their child a private
tutor to help them improve their school performance. Many students come home
from school confused about everything that has been taught, and the
intervention of a private teacher is what they need at this time.
Being
a private tutor only requires your transportation costs to the student's place
of residence such as the capital city. It also requires you to know what
subjects the student is struggling with.
Personal
training has the added benefit of allowing you to run your regular business.
This can be done three to four times a week for three hours.
You
can continue to expand it if you have a room or have the capital to rent one,
that way, you won't have to go anywhere else, and you will have more students
and - give advice. If you don't have a room, stick to the classroom after all,
Rome was built in a day.
3. Affiliate Marketing
Affiliate
marketing is one of the cheapest ways to make easy money online. It is about
helping an entrepreneur or seller to sell their product while you get
commission for every product sold.
For example, if you sign up as an affiliate customer for jumia or konga, any jumia or konga product that you help sell, e.g. Android phone, you will be paid to help them sell it. If a N50,000 Android phone is sold, you can get N500 or more for helping them sell it.
When you sign up for an affiliate marketing service,
you are given a unique ID and URL that is linked to the main website (ie jumia
or konga). All you have to do is go to the jumia website, select the product of
your choice, maybe the Samsung Galaxy S8, and write a complete and honest
review on it, add your link that customers can click to buy and post your
review on it. Website, blog or social media such as Face book, Twitter,
Instagram, etc.
Anyone
who clicks on your link and buys a Samsung Galaxy S8 will earn you a
commission.
4. Event Planning
In
Nigeria, weddings, conferences, seminars and birthday celebrations are held
every day in different states of the country. With the establishment of this
obvious fact, you can proceed to use it to your advantage. Event planning, as
the name suggests, is all about planning and overseeing the success of the
event.
As
an event planner, your job is to find suppliers of various items needed for the
event. These can include: places, dining areas, curtains and chairs,
decorations, security guards, etc. You will be paid for these things by the
host, your only responsibility is to organize things and make sure the event
goes well.
5. Mobile Application
Developer
If
you invest your money well in Android app development, you are well on your way
to becoming rich. Many companies, banks, hotels, websites, blogs and many other
organizations now need the services of Android applications.
You
can help them develop these apps and get paid well for it.
6. Website Developer
As
an app developer, you can build and manage websites for businesses,
individuals, organizations and get paid for it. It does not require more than
N1000 as long as you have knowledge and tools.
7. A Translator
As
a translator, you can earn a lot of money in a short time. If you are a
polyglot, you can make money by being a translator from one language to
another. How much you earn depends on the company you work for, but the pay is
always good.
8. Event Hosting
You
must have attended weddings, birthdays, or other gatherings. You must have seen
this man or this woman who made the speech, the opening speech, and therefore
entertained the audience. Some call them emcee or MC. If you are a good public
speaker, a comedian or an actor or just someone who knows how to speak well and
entertain people, you can choose the career of a performing or MC. With N1000,
you can do this job.
9. Tester or Reviewer
It's
like affiliate marketing and both include written reviews. Unlike affiliate
marketing, you do not have to help them sell products, your job is only to help
write reviews and maybe get some exposure for them. Some companies pay people
to write reviews of their products and help promote them. You can write a
review on a refrigerator, for example, and post it on your website or social
media account.
10. Internet Security
Consultant
If
you are familiar with programming and related issues, you can help protect your
company's database or system from hacking, data leakage, viruses and more and
pay for it.
11. Business Plan Designer
It
involves creating a good business plan, which can work and sell them or get
paid to do it.
12. Graphics Designing
Church
programs need newsletters and banners, and companies that send out newsletters
and such, as a photographer, your job is to help them design newsletters and
banners while you pay for it.
13. Resume Writer
As
the name suggests, it's just about helping someone write a resume while you're
getting paid to do it.
14. Editorial Services
You
can earn money by providing editorial services such as copywriting,
ghostwriting, editing, newspaper and magazine article writing, web content
writing, editing, subscriptions and book writing. You'll just get customers and
you'll be gone.
15. Informational Product
Creator
If
you are good at writing, inspirational, motivational, or educational, you can
create them as an eBook and sell them online.
16. Call Centre
Representative
As
a call center agent, you can work from home. All you need is a computer and a
phone line. Your job is to respond to customer complaints or direct them to the
appropriate staff.
17. Personal Chef
Your
job as a chef is to plan and prepare your customer's food while paying for it.
Some clients can provide accommodation, some cannot.
18. Online Photo Selling
This
includes selling your photos online. If you're a photographer, you can take
great photos of nature, landscapes, tourist spots, and more and sell them
online at Gettyimages.com or Flickr.com.
19. Computer Training
This
is usually part of the course, if you are good at using computers, you can
transfer your knowledge to those who need it and get paid for it.
20. Travel Planning
As
an event planner, your job is to make sure the trip runs smoothly. You plan
their accommodation, meals, transportation, tours and other activities and pay
for it. For example, when company employees travel.
21. Laundry Business
Laundry is another lucrative business in Nigeria that is often overlooked. Because many people are busy with work, it is difficult to find time to wash clothes; this is where a laundry manager comes in. What you need to start one good thing about a business is that you can work from the comfort of your home without having a shop or personal space.
All that is needed to make a business idea
come true are basic equipment such as a washing machine, iron and generator if
the power is not strong. Laundry, like many other businesses, requires you to be
honest. As a laundry manager, you must always fulfill your commitments by
making sure that your customers' clothes are ready when the time comes. It is
also important to have a good relationship with your customers to improve the
chances of referrals to other customers.
22. Shawarma Selling
Business
Shawarma is a dish made with beef or chicken. It has become for many years one of people's favorite snacks, especially young people. This lucrative business idea can be done with as little as 100,000 Naira and less. What you need to get started Before entering the shawarma field, you must first teach yourself how to make shawarma. You don't want to start your business without fully understanding how to do it and start selling bad shawarma to your customers. It will kill your business before it starts. After training, the next thing is to find a good place where you can organize your business.
Ideally, it is good to find your shawarma place in the
countryside where you can easily meet your audience. Places like student areas,
shopping malls, entrances, bars, restaurants and T-junctions are some of the
best places where you can find your shawarma business to do business. Get high
profits and return to business investment. Some of the equipment needed for the
business is a shawarma toaster, display glasses, pots/utensils, sproons and fly
repellent.
23. Declutter Agents Business
The
advent of social media has been a blessing to mankind not only by providing a
way to make friends and stay in touch with family, but it has also continued to
provide a livelihood for some of its users. Hacking is one of the fastest ways
to earn financial freedom on Instagram. As a declutterer you make your money
simply by helping sellers display their products for potential buyers to see if
they are happy with the product the buyer pays for Pay and get your own
percentage on the success of the sale. Your role is that of an intermediary
connecting the buyer and the seller. There is nothing that cannot be sold
through declutterers.
Products
such as: furniture, mattresses, generators, TVs, fans are some examples of the
different types of things that can be sold and bought through the decluttering
platform. What you need to start this business does not need to be found in one
place. It is an outdoor activity that can be done from the comfort of your
home. What you will need for business is your popularity, your Instagram
account, your data plan and a sufficient power supply. Having more followers on
Instagram is also an added advantage.
The
more followers you have, the more likely you are to buy and sell through your
platform and the more money you make from that business. It is also important
to have a good online reputation, as it will improve people's trust in you and
their chances of doing business and buying from your platform.
24. Selling of Clothes
The importance of clothing cannot be overstated. Clothing is one of the three basic human needs, the others being food and shelter. Therefore, it is one of the most profitable business ideas in Nigeria that can be started with a small capital of 100,000 Naira. What you need to start, when you start your business, having a store should not be necessary from the beginning, because you can buy clothes and deliver them to the door of your customers.
One of the most
important qualities you must have in order to be successful in business is the
ability to convince your customers of the need to buy your product. Without
adequate support, your customers may not see the need to support a particular
outfit, as many other needs are competing for your customer capital. Similarly,
it is also important to communicate well with people and maintain a good
relationship with your customers which in turn can help you refer other
potential clients.
25. Phones and other Gadgets Charging
Recharging
mobile phones and accessories is another business idea in Nigeria that can be
done with as little as 100,000. It is no longer good news that electricity in
many states of the country is unstable and unreliable, which makes changing the
phone very interesting to get into a small amount of money.
In
addition, the cost of fuel for generators that would have worked as another
source of electricity became expensive and insurmountable. Therefore, most of
the low-income and middle-class citizens who cannot afford electricity often
resort to mobile phone payment vendors, paying a minimum of 100 naira to charge
the phone with other applications.
When
starting a mobile phone and device charging business, conditions must be
considered. It's best to locate your business in a poor electrical service
area. This will make it inevitable for people to support your business.
As
a phone charger salesperson, you will also need to develop a good personality
that will allow your customers to communicate freely with you, as you interact
with different types of people every day. Some of the things that you will need
to start the business are a container/space, a covered or shaded store, a small
generator for electricity, fuel to power the generator, a house charger and a seat,
and an electric panel with many electrical companies for charging.
26. POS / Electronic Payment
POS
(point of sale) top business idea list in Nigeria, you can start with 100,000
naira for sure. The company was one of those companies that came and stayed for
a long time. Financial transactions are an important part of human life and the
banking sector is not meeting people's expectations in this regard. POS serves
as a smart way for banking transactions and saves people from wasting their
valuable time which could be used more productively in the banking line due to
basic financial transactions. Financial transactions such as transferring and
withdrawing money, paying bills (DSTV, GOTV, and PHCN), wireless charging and
data sales, among others, can be supported by POS. When you start a business,
one of the most important things to consider is where you want to locate the
business. The nature of your business can make or break your POS business idea.
When deciding on a venue, some things you should consider are: GSM/ Internet Network
This
is an important thing to consider before choosing any place. You need to make
sure that your POS business is located in an area with a good GSM network, to
ensure successful business transactions. Proximity to the bank
Another
important factor that you should consider before choosing where to locate your
POS business is how close the area is to the banking area. Finding a place to
sell near the banking area may take a lot of effort and may not produce the
expected return on investment. In fact, many people prefer to go to the bank
for their business because it is close.
Security,
when you are looking for a place for a foreclosure sale, you need to make sure
that the place is safe and has a low crime history. This is because you have to
deal with money every day, which makes you vulnerable and easy for criminals if
the place is not safe.
What you need to start, some of the things you
will need to start the business are business capital, a space/store or
container, a banner and most importantly a POS machine for the operation of the
business. You can get your POS machine from banks like GTB, UBA, Zenith, First
Bank, Access Bank, Polaris Bank and many more.
Final Word
Finally, there are many business ideas in Nigeria that you can start with as little as 100,000 naira. The most important thing is your ability to look deep and analyze the category that you fit best.
Also, it is important to be patient,
because the first part of the personal activity may be frustrating and may not
pay as much as expected, but with dedication and hard work, it It will be just
a few steps before you release your financial freedom. and business.
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