In this post, we outline some small scale, yet lucrative business ideas you can start today. Many of them can be started with very little capital.
If you love beauty, then going into the cosmetics business will be your best bet but this require some level of research on production processes and marketing of the finished products.
Fitness has always been a source of concern, as result of the high rate of cancer that continues to take the lives of people. This makes the gym business a lucrative one. You can establish one for yourself or manage an already established one.
With as little as N50,000 you are good to go with this business. This business can be run by renting space if you have the money, as well as, in mobile fashion i.e. by carrying your products to places they are needed. What drives this business is the rapid growth in the use of mobile phones.
This business requires you to be patient to learn how to repair and maintain mobile phones. With less than N50,000 you can start a phone repair and maintenance business. All you require is some training, a laptop, some regular home tools such as screwdriver, soldering iron, brush, battery tester, etc. and letting people know what you do.
You don’t need to be a UAC or Leventis Food to engage in the plantain chip business, all you need is to start small and retail to shop owners in the neighborhood.
Ice block production is one of the small businesses that easily come to mind. This business thrives in countries like Nigeria located within the tropical climate region with an abundance of sunlight and heat. However the business is greatly dependent on electricity supply which may be a limiting factor. And, if you are able to find a way around it, a lucrative business as a result of a need for ice blocks to keep water and drink cold. Your market in this business includes households around your neighborhood, retail shops, restaurants and bars that need to keep their drinks ice-cold at all times.
The market for soap in a populated country like Nigeria is large enough for both well-established brands and local producer to thrive. Every household needs soap so there will always be a demand for it. All you need is starting small by selling to people of the neighborhood.
If you live in cities with many busy people, you would see the need for car wash being always on the rise. The good thing about this business is that anybody can do it irrespective of age. This business can be started by setting up a sitting area decorated with a TV set where your customers will sit while their cars are being washed. Adding the sale of drinks, shawarma and others at the sitting area will fetch you more cash. The critical things needed for a car wash business are space that can be rented, source of water and the washing machine.
Rental services includes contracting out chairs, canopies, vacuum cleaners, cutleries, cooking utensils, music box, ladder, etc. The business is so lucrative to the extent that as soon as you are known to be engaged in this business in your environment, you may not be able to meet demand.
Similar to plantain chips production and sales, starting a small chops packaging business is a lucrative business idea too. Small chops are often preferred for convenience when gathering friends for a get-together, boat cruise and time on the beach. Although there are a lot of people offering this service, there certainly won’t be a shortage of demand. A major factor for success in this area is creativity and packaging.