So many people want to go into a business but are often scared by the thoughts of the start-up costs…In this article, we will discuss 3 Business Ideas You Can Start with low capital with as little as N15,000 – N20,000, and still make reasonable returns within a short period.
Follow this piece and your success is 90% guaranteed because the business ideas I will be dropping after this have been tested and proven to be lucrative, especially in the Nigerian society today.
1. The first business idea is – Fishery, Yes the fish rearing business.
Don’t get disappointed. This has turned into one of the fast-rising business opportunities in Nigeria today. The beauty of this is that this business can be started even in your backyard with just #15,000. Here is how you can start this with little capital – (1) set your pond; which you can dig yourself or buy a “big enough” plastic water basin (commonly known as beta) (2) Get your fingerings; small fishes which goes for as cheap as 20 Naira each when you get a right source. now let’s say you buy 100 fingerings for a start, that will cost just 2000 Naira..we are close. (3) Seek the best feed and start feeding (4) Add diligence and more research and in 4-5 months’ time, believe me, your life won’t be the same.
2. The second business is the Plain and Pattern fabric business.
This industry is continuously emerging and is yet to discover its fullest potential. This fabric business has been a breakthrough business in Nigeria, it is one of the fastest-growing in Nigeria, and many people have already done wonders in it, because of the high demand. The primary reason why it is such a lucrative business is that people always want to look new and rosy at every event and during the festive periods just like the coming Easter.
Here’s how to start this business with as small as #15,000 – after much research, I discovered that the cheapest place you can get nice and varieties of plain and pattern is Aba in Abia State, Nigeria where one pack of it goes for N1,200 – N1,300. Now calculating it with regards to your capital range, let’s say you buy 10 beautiful designs for 1200 each, that will sum to #12,000… You will happily go back to your base sell them from the comfort of your home and through social media handles for the normal market price #2500 or even less..thereby making a profit of #1000plus. That’s how we roll…
3. The third business idea is Candle production.
This is an untapped but lucrative business in Nigeria…With the unstable power supply experienced every day, there is no doubt that the production of the candlestick is a money-spinner. A sizable group of Nigerians still relies solely on candlesticks to battle the erratic power supply.. coupled with its high demand in churches.
Here is how to start the business with #15,000…you can have a candle mold, which produces 16 candlesticks at a time and goes about 50 times a day translating into 800 per day. This is a situation when you are starting with a budget below #25,000. To produce the 16 pieces does not take you more than 10 minutes; throw in another wax, which you must have melted. While the previous one congeals and goes on and on. So instead of starting with N100,000 – N200, 000, you can actually start with capital under N25,000. The startup requirements are mold, which cost N8,000, wax N1,000, Thread N1,000, heart source N600, Packaging Nylons N1,500, Ceiling Machine N1,000… With all these in place, you can immediately kick start your candle business company.
The good news about the above businesses is that you don’t need a huge amount of capital to start. I hope you now know Business Ideas You Can Start with low capital?
You can also visit Havgate Nigeria for various digital business model.