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There are many business opportunities to make quick money with little start up capital. Businesses you can generate two times profit with less stress you can venture into is listed below.
1. COSMETICS BUSINESS
Cosmetics business is a very lucrative business you can make quick money because every woman is a customer in Nigeria and all over the world, so if you love beauty, then going into the cosmetics business will be your best bet. For you to do well in this business in Nigeria, you will need to engage in some deep research, deliver quality services and learn about customers relationship.
Why is this important? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.
2. TOMATO BUSINESS
Tomato business offers the best business investment in Nigeria today because every home is a potential customer. This business is rewarding, and at the same time, not expensive to start up. However, before you start the tomatoes business in Nigeria, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand. Also, they will let you know the varieties that are patronized best.
3. SALE OF MOBILE PHONE ACCESSORIES
This is a very lucrative business in Nigeria today. With as little as N50,000 saved using a platform like NAIJAMULA you are good to go. While you will do well by renting space if you have the money, this business can also be done in mobile fashion i.e by carrying your products to places they are needed.
In this case, you have to first identify your market and feed them with their needs.
What drives this business is the rapid growth in the use of mobile phones in Nigeria. Nigeria has an estimated population of 180 million people. There are more than 160 million connected through their mobile phone line.
Accessories that are common in demand include batteries, memory cards, battery chargers, earpieces, screen guards, pouches, etc. You can get supplies from Computer Village (Lagos) or online stores. Phone Accessories business is one sure way of getting into online importation.
4. SALE OF PLANTAIN CHIPS
You have seen it everywhere even at traffic where people sell the delicious crunchy snack made from both ripe and unripe plantain. Hawkers sell them along the highways. The catch is, you probably did not realise how lucrative it is.
What else, you don’t need to be a UAC or Leventis Food to engage in the plantain chip business in Nigeria.
A small-scale plantain chip enterprise with an initial investment fifty thousand is capable of returning N10,000 in profit daily. If you’re looking for business ideas in Nigeria with low capital, you should really consider this.
You can start this right from your kitchen. Just place your brand name on the transparent nylon, and you’re good to go. You will need to get some coaching from someone already doing the business, learn some recipes and develop a supply chain both for your raw materials (plantain) and finished products.
5. FOOD CART/ MOBILE FOOD BUSINESS
Food is one of the primary needs of man. Whatever the condition is with a man, he must eat. As a result food business will always be a lucrative one. It is one of the most thriving businesses in Nigeria.
The key to success here is to differentiate yourself by choosing a specialty menu, a niche, and a market segment. You cannot be everything to everybody.
Select your market carefully where the returns are higher. For example, you can choose to serve workers of big organizations like banks, oil and gas companies, and multinational organizations and develop a relationship with their HR departments to allow you to bring your food during their lunch or within specific hours of the day. You can add special delivery of specialty food to busy executives as part of your service. This particular business can be capital intensive and so, you might want to explore a platform like NAIJAMULA to support your cash inflow.