12 Best Business Ideas to Start with Little Money in Nigeria 2023

There are numerous businesses that can be started with a small amount of capital. If you’re looking for the best businesses to start with little capital in Nigeria, your search is over because this article will provide you with a list of the best businesses to start with little capital.

Numerous opportunities have been created for small business entrepreneurs who want to start their own business with little capital.

All that is required to start such businesses is a good business idea or plan, research, and a small amount of capital, and your business is ready to go.

Though running a successful business is not easy, it will require your time and careful planning.

According to global business reports, 90% of new businesses fail after a year or more of operation due to a lack of planning and management.

You must also be skilled at marketing by recognizing good social media platforms to inform the rest of the world about your company and what it has to offer.

Having said that, let us move on to the main point of this article.

Here is a list of the top twelve (12) best businesses to start with a small amount of capital.

1. Digital Marketing.

Digital marketing is one of the best businesses to start with a small amount of money or no money.

Digital marketing enables businesses to grow quickly, and with the rapid advancement of technology, digital marketing has become one of the most profitable businesses in the world.

You don’t need much capital to start a digital marketing business; you can do it with just your smartphone and without renting a shop because everything happens online.

All you need is a good market strategy or skill, identify your target customers, and you’ll be making money before you know it.

2. Bakery Business.

Before starting a business like a bakery, there are some things you should consider, one of which is a business plan.

A bakery business, like any other business, requires a good business strategy and a business plan to be profitable.

A bakery is the best business to start with a small amount of money. If you enjoy or like baking, not just the passion but the love of designing and baking delicious cakes and the rest of them, then you have a low-cost business to start.

3. Event Planner

People nowadays hire event planners to make their events look beautiful and well-organized. Of course, everyone appreciates what is good.

However, if you enjoy a well-organized party (whether it’s a birthday, wedding, or get-together party), or if you’re a creative planner, and you’re looking for the best business to start with a small investment, consider this amazing business.

The good news is that you don’t need a shop to get started; all you need is a skill and a desire to learn.

4. Foodstuff Business

Selling foodstuff in the market is one of the best businesses to start with a small amount of money.

Because food is something we cannot live without, starting this type of business is a good idea because a day cannot pass without making sales because people buy food every day.

And the interesting thing is that you don’t need a lot of money to start this business; you can start small and gradually expand to a larger shop.

5. Rental Services

This is also the best business to start with a small amount of money. You can start this business from the convenience of your own home.

All you need to do is find some equipment to rent out and you’ll be paid.

For example, you can rent plastic chairs, canopies, music instruments, or a hall to people who require these items for their event.

6. Photography Business

Theses days, photography can be a profitable business even with limited resources.

The photography industry has been around for a long time, but it has recently evolved and people in this industry are making a lot of money.

You are aware It’s rare these days to see an event without a photographer taking photos for future reference.

So, if you enjoy taking photos or documenting memories, this type of business will be simple for you to start.

There is no need to look for a loan to start a business; with your smartphone or a smaller camera, some light, and a good marketing skill, you will be able to get some customers to take their photos, edit them, and sell them.

7. Graphics Design

To start this type of business, you must first create an eye-catching website that advertises what you do to your target customers.

Graphic design is one of the best businesses to start with a small investment.

Your job is to assist thousands of industries in creating company or business logos, social media posts, websites, banner design, and much more.

8. Kids Caregiver

Because of some parents’ busy schedules, taking care of children is in high demand right now; however, it is difficult for parents to find the right person in whom they can place their trust.

So, if you enjoy being around children and caring for them, you can fill a void in your community by starting a kids caregiver business.

All you need to do is find a suitable location in your home and inform your friends and neighbors.

And guess what? This is the best business to start with a small investment that will generate large profits within a few months.

9. Home/Online Tutor

Making home tutorials for people in their homes or online is another great business to start with little or no capital.

If you enjoy teaching, this is an excellent opportunity to demonstrate your talent to a large number of people while also earning money.

It’s the type of business that doesn’t require a store or inventory to get started, but rather the ability to tutor people and earn a lot of money, so you don’t need a lot of money to get started.

8. Video/Event Coverage Business

It is not just about making videos, but about making a unique and outstanding video that will be remembered in the future. Because there are already a lot of people in this business, making your videos exceptionally awesome will help you stand out from the crowd.

Video coverage is one of the best businesses to start with a small investment; all you’ll need to get started is a camera, a light, and a microphone.

10. Pet Business

Pet business is not yet a booming industry, but many people are already making money from it. Are you aware that 85% of people worldwide have one or two pets in their homes?

Many people in countries such as India, the United Kingdom, and the United States spend a lot of money to get a pet.

Pet business is the best business to start with a small capital, because many people enjoy keeping pets. If you don’t have enough money to start big, you can always start small and grow it to a large business of your choice.

All that is required are some pets, a small breeding space, and a good marketing strategy.

11. Make-Up Artist

Do you want to be a makeup artist because you enjoy making people look beautiful with lipsticks, shadows, and powder? Then you should think about starting this business. Make-up is one of the best businesses to start with a small amount of money.

Today, the beauty industry is rapidly expanding to the point where many people can study makeup in school to learn the skill and then use it to earn a fortune.

The good news is that after learning this skill, you will be able to meet celebrities, make them up, and earn a lot of money.

12.Farming Business

To begin this business, you must first acquire some suitable farmland.

People are avoiding this farming business due to its nature, not realizing that it is one of the businesses that will make a lot of money quickly.

Now that everyone is looking for a white-collar job, a career in agriculture could be very beneficial to you in the future.

Farming is the production and sale of agricultural products. It has various areas where you can start small with little capital and make a lot of money, such as:

• Fish farming
• Poultry farming
• Vegetable and fruit farming
• Fertilizer dispersion
• Bee farming
• Snail farming
• Dairy farming and more.

Conclusion

The era of “I don’t have enough capital to start a business” is over; now there are opportunities for business connections that you can start with just that little capital.

If you are about to start a new business, I hope this article will help you get on the right track to running a smooth and successful business.

Best wishes as you embark on your entrepreneurial business journey.

If you have any questions, please leave them in the comments section below. I will respond as soon as possible.