Cheapest Businesses To Start In Nigeria

Are you thinking about starting a business in Nigeria but don’t have a lot of capital to invest? Then you need to read this guide on Cheapest Businesses To Start In Nigeria

There are many cheap business ideas available that you can start with a minimal investment. 

In this article, we will discuss the cheapest businesses to start in Nigeria and how to get started.

List of Cheapest Businesses To Start In Nigeria

1. Cleaning Services: 

Cleaning service is one of the Cheapest Businesses To Start In Nigeria since it requires little capital as all you need is cleaning equipment, cleaning agents, and a good marketing strategy. 

You can start with as low as ₦50,000. 

To start, you will need to purchase cleaning equipment such as brooms, mops, buckets, and cleaning agents such as detergents and disinfectants. 

You can start by offering your services to friends and family and expanding your reach through social media. 

You can also create a website to showcase your services and promote your business.

2. Freelance Writing: 

If you have excellent writing skills, you can start a freelance writing business with little or no capital. 

To start, all you need is a computer, internet access, and a good portfolio to showcase your skills. 

You can reach out to clients on freelance websites or create a website to showcase your skills and attract clients.

3. Tutoring: 

If you have a skill or expertise in a particular subject, you can start a tutoring business. You can start with as low as ₦20,000. 

To start, you will need to create a curriculum and marketing materials to promote your services. 

You can offer your services to students in your area and expand your reach through social media and online platforms.

4. Event Planning: 

Starting an event planning business requires little capital as you can start by offering your services to friends and family. 

You can start with as low as ₦100,000. 

To start, you will need to create a portfolio showcasing your previous events and create a website to promote your services. 

You can also reach out to clients on social media and online platforms.

5. Social Media Management: 

Many businesses are looking for professionals to manage their social media accounts. 

If you have experience in social media management, you can start a business by offering your services to businesses in your area. 

To start, you will need to create a portfolio showcasing your previous work and reach out to businesses in your area. 

You can also create a website to promote your services.

6. Photography: 

Photography business is another Cheapest Businesses To Start In Nigeria as it requires little capital as you can start with a good camera and basic photography equipment. 

You can start with as low as ₦150,000. 

To start, you will need to create a portfolio showcasing your previous work and create a website to promote your services. 

You can also reach out to clients on social media and online platforms.

7. Personal Shopping: 

If you have a good eye for fashion trends, you can start a personal shopping business. You can start with as low as ₦50,000. 

To start, you will need to create a portfolio showcasing your previous work and reach out to clients on social media and online platforms.

8. Graphic Design: 

If you have graphic design skills, you can start a graphic design business. You can start with as low as ₦50,000. 

To start, you will need to create a portfolio showcasing your previous work and create a website to promote your services. 

You can also reach out to businesses in your area and offer your services.

9. Pet Services: 

If you are an animal lover, you can start a pet services business. 

You can start with as low as ₦50,000. 

To start, you will need to create a portfolio showcasing your previous work and reach out to pet owners in your area. 

You can offer services such as dog walking, pet sitting, and pet grooming.

10. Catering: 

Starting a catering business requires little capital as you can start by offering your services to friends and family. 

You can start with as low as ₦50,000. 

To start, you will need to create a menu and marketing materials to promote your services. 

You can also create a website to showcase your services and reach out to clients on social media and online platforms.

11. Car Washing: 

Another Cheapest Businesses To Start In Nigeria is a car washing business that requires little capital as you can start with basic car washing equipment. 

You can start with as low as ₦30,000. 

To start, you will need to purchase car washing equipment such as water hoses, soap, and sponges. 

You can offer your services to car owners in your area and expand your reach through social media and online platforms.

12. Fashion Accessories: 

If you have a creative flair, you can start a business selling fashion accessories such as jewelry, bags, and hats. 

You can start with as low as ₦50,000. 

To start, you will need to create a portfolio showcasing your previous work and reach out to clients on social media and online platforms. You can also sell your products at local markets and events.

13. Hairdressing: 

If you have hairdressing skills, you can start a hairdressing business. You can start with as low as ₦50,000. 

To start, you will need to purchase hairdressing equipment such as scissors, combs, and hair dryers. 

You can offer your services to clients in your area and expand your reach through social media and online platforms.

14. Fruit Stand: 

Starting a fruit stand requires little capital as you can start with a small investment in fruits. You can start with as low as ₦20,000.

 To start, you will need to purchase fruits and a stand to display your products. 

You can sell your products at local markets and events and expand your reach through social media.

15. Phone Accessories: 

If you have a good eye for phone accessories, you can start a business selling phone cases, chargers, and other phone accessories. 

You can start with as low as ₦50,000. 

To start, you will need to purchase phone accessories in bulk and sell them at local markets and events. 

You can also create a website to showcase your products and reach out to clients on social media and online platforms.

Conclusion on Cheapest Businesses To Start In Nigeria

Cheapest Businesses To Start In Nigeria listed in this guide is an excellent way to become an entrepreneur and earn a living. 

With the right idea and strategy, you can start a business with minimal investment and grow it into a successful venture. 

However, you need to be persistent, stay focused, and always look for opportunities to expand your business.

FAQs

What are the cheapest businesses to start in Nigeria?

There are many options available, including cleaning services, freelance writing, tutoring, event planning, social media management, photography, personal shopping, graphic design, pet services, catering, car washing, fashion accessories, hairdressing, fruit stands, and phone accessories.

How much capital do I need to start a cheap business in Nigeria?

The capital needed to start a cheap business in Nigeria varies depending on the type of business. 

Some businesses can be started with as low as ₦20,000, while others may require up to ₦150,000.

How can I promote my cheap business in Nigeria?

You can promote your business by creating a website, using social media, and networking with other businesses and potential clients. 

You can also offer discounts or promotions to attract new customers.

How do I manage my finances for my cheap business in Nigeria?

It is essential to keep track of your finances and expenses to ensure that you are making a profit. 

You can use accounting software or hire an accountant to help you manage your finances.

What are some challenges of starting a cheap business in Nigeria?

Some challenges of starting a cheap business in Nigeria include competition, lack of funding, and difficulty in finding clients. 

However, with dedication and hard work, you can overcome these challenges and build a successful business.