Starting a business in Nigeria is not very easy considering what one has to go through to raise the capital and keep the business going, here are some of the most profitable businesses you can start with ₦10,000 in Nigeria. There are a lot of entrepreneurs with great business ideas but they cant implement them due to inability to get the start up fund (capital). However, there are some small scale businesses that require a relatively low capital. For some of these businesses, you do not need any raw material, office, license nor machines.
LONDON USED CLOTHS (OKIRIKA)
“Okirika” (or Okreka) is a colloquial term for the used cloths imported into the country from other countries. These clothings are packaged in sets; there may be about 200 different pieces of cloth in a set. This set also comes with surprise packages sometimes, the previous users may forget to remove money, jewelries, household items, etc.
Okirika aren’t necessarily demeaning because they are of various grades. In fact, over 60% of Nigerians wear Okirika clothes and you may not be able to even differentiate between okirika and the readymade clothes if worn.
How much do you need for capital? A set goes for about #10,000 – #20,000 and may contain about 200 pieces of clothing. Averagely, a piece of Okirika clothing ranges from #300 – #500. That is, you’d have made a profit of more than #40,000-#80,000 after selling a set.
Location? Okirika sellers display their goods in public places such as bus stops. Popular Okirika zones in Lagos State include, Yaba market, Katangwa market, Abule egba, etc.
LIQUID SOAP PRODUCTION
This is a very popular business because it is easy and it sells faster. Since soap is used by everyone, it wont be hard to consider venturing into a business like this. It is advisable you inform your neighbours, friends and the retailers around and tell them you’ll sell to them at cheaper rates.
The raw materials for making soap aren’t expensive and they are always readily available. Make your product a bit bigger and cheaper too so as to entice customers. Be creative with the production. Use an inviting colour, package it neatly and don’t forget to add some fragrance.
SOFTWARE AND COMPUTER REPAIR
Many people don’t know how to solve basic computer issues such as downloading files, installing software, using antivirus, internet configuration, etc. You can also acquire the skills needed to repair hardware problems too and you’re good to go.
What if you’re unable to provide the start up capital for any of these businesses? We’ve got you covered at STARTCREDITS , you can access our website to search for free loans that suit you. You’re just one click away!
You don’t need to wait till that company calls you nor till the millions start coming before you start your own business. START NOW!