There are numerous business opportunities that you can start with little capital and yet make a mind-boggling profit. The good thing is, that you can create any of these businesses from anywhere, even your backyard.
However, you have to be confident about what you’re going into. For instance, what kind of business appeals to you? Are you a people person, or do you like working alone? Millions of companies in the world started right from home, and they grew to become multinational companies.
Such companies like Apple, Hewlett-Packard, Google, and Amazon, among others, got started from the garage, and today, there are top multinational companies in the world.
Many lucrative businesses can get you started in that path, and this article will guide you adequately. Are you ready?
Agribusiness is a goldmine that has been overlooked by many. Those who happen to end up in the field are racking millions every year from their produce. There are lots of agricultural businesses that you can start and make a lot of money.
All you have to do is ensure you begin with a business plan and choose an ideal location nearest your target market. Some high profitable agricultural businesses that you can start include:
- Set up a small poultry farm
- Snail farming
- Rabbit rearing and export
- Fish farming
- Grass-cutter Farming
The fashion industry is one of the secret goldmines in Nigeria, and you don’t need to be a fashionista to make money.
Think about it, everyone wears clothes and wants to look good. So if you are looking to create a fashion brand or start a skincare line, now is the time to do so! Due to this urge to fit in and be admired, many spend thousands and millions of money looking fashionable.
To tap into the fashion industry, there are lots of exciting businesses that you can do. They include:
- start a skincare line
- Hairdressing and beauty-care
- Barbing saloon
- Fashion design/tailoring
- Mass making of T-shirts and Face-cap.
We live in a fast-transiting world where many people can’t afford to do their laundry or take out their trash. Due to work and parental responsibilities, many are ready to pay any amount of money to have someone else clean the house, do the laundry, and take out the trash.
It is a million-dollar industry, and you will never regret delving into a business opportunity such as this. Cleaning services come in diverse forms, like:
- Laundry service
- Dry cleaning service
- Carpet/ Upholstery cleaning
- Car wash.
There are many routes to making a considerable profit, and one of them is being a producer. If you can produce anything, then you have the potential to make a lot of money by creating what you love. It could be baking your favourite cookie or even inventing a delicious delicacy out of scratch. Some production business opportunities that you can start include:
- Bread production
- Plantain chip and Chin-chin/
- Groundnut production
- Making of cakes and Snacks
- Wine production
- Candle making
- Chalk making
- Fruit Juice production
- Yoghurt production and cream production
- Selling of Ice Block
- Blocks making for construction
- Bagged water and table
- Leather production/shoes and bags making
We eat every day, whether we like it or not. It has made the food industry one of the most profitable businesses that you can start anywhere. You can create a small canteen food business or perhaps establish a fast food restaurant.
- Outdoor catering service
- Selling of Foodstuff
Publishing and printing
There is a lot that happens when it comes to publishing, from printing customized t-shirts to books, complimentary cards, and more, like:
- Publishing, the printing of books, calendars, cards, brochures, newsletters, and magazine
- Recharge card printing and selling
The service industry is gigantic, comprising hundreds of businesses. The best part is you don’t need years of experience to succeed in the business. All you need is a good business plan and the determination to start. Some of the service businesses that you can do are:
- Painting service
- Film renting
- Computer servicing and repairs
- Electronic sales and service
- Rental service
- Game centre
- Computer sales and service
- Phone/handsets sales and service.
- Even Planner
- Interior decorating
- Photography service
- . M.C/ Public speaker
- Consultant service
- Day-care service
- Web design/development
Many people are looking for WAEC and JAMB lesson centers, while others wish to learn how to operate a computer. Once you’ve got the necessary licenses to begin, you will understand that the education industry is built on money. With a good business location and conducive environment, you wouldn’t have a problem making an insane amount of money every month.
- Computer school/ training centre
- Tutorial service for primary, and secondary schools students, SSCE/GCE/JAMB candidates
Health, they say, is wealth. That is why we’ve got a lot of pharmacies, gyms, yoga centers, in home health care, hospitals, and a whole lot of others. The best part is that starting these businesses isn’t complicated. With the funds and location in place, you will never have to worry about money again in your life. So if you are planning on starting up a home care franchise business, for example, then as long as you have the right plans in place with a view to keep growing throughout the years and offer quality care alongside it, you will be able to thrive.
- Fitness centre
- Yoga Center
The list above contained business ideas you can start with little capital from home. Before going into any business or any of the ideas listed above, I want you to understand that new businesses and established companies got started as a result of years of dedicated market research, planning, and strategic investment in the contemporary marketplace or business environment. So you are not an exception. It would help if you dedicated your time to doing some research and planning.