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20 Small Businesses You Can Start With Little Or No Capital - Business - Nairaland

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20 Small Businesses You Can Start With Little Or No Capital by dharmielol(f): 2:24pm On Aug 15, 2016
If your idea and plan of execution aren’t well thought out from the beginning, no amount of money can turn it into a winner. Have a great idea but very little money? Don’t let that stop you! Yes, there will be ridiculously long days with little to no sleep. Yes, you are going to be stressed. But those that want it bad enough will make it.
Many people often have amazing business ideas, but they put them on hold due to a lack of capital. They assume that they can never start that business unless they have major funding behind them. This is not true in many cases I have seen. Let me show you some tips that can help you get your idea off the ground with little or no funds

 Start a business on what you know. Instead of venturing into what you don’t know or have knowledge about that will cost you extra training fee and expenses, rather start a business around your skills and knowledge which will only require you spending less (if necessary) on acquiring more knowledge on it. The less you have to rely on outside sources the better. When your business is built around your own personal expertise you can eliminate consultants and outside assistance as well. Also, having that knowledge is sometimes all that is needed to successfully take the plunge into entrepreneurship.

 Define your market: Do some basic market research too. Find out the set of people interested in your proposed products or services and would be willing, ready and able to pay money for it. and identify your prospective customers

 Tell everyone you know what you are doing; Inform your family, friends, colleagues about your new business. Take advantage of free advertising and marketing. Make use of the social media, Make as many local media contacts as you can and be extremely responsive with their requests, post it on your facebook, twitter, BBM, etc Make calls, send SMS and mails. Through this your friends too can help you re-broadcast it. This is what we call grassroots marketing which can help introduce your business to a much larger audience.

 Have a detailed plan; The more precise and detailed your plan is, covering all the basics related to how you will do everything that needs to be done, the easier it is going to be for you to attain success. Such a plan show your start-up investment needs, your advertising plans, your product costs and procedures, your sales program, and how your time would be allocated. The clearer you can “see” everything before you start the better your chances for success.

 Avoid unnecessary expenses. You are going to have plenty of expenses, and there are some that just can’t be avoided. What you can avoid though is overspending. Follow your plans on what to spend on
Here are some out of the many small business you can start with little or no capital, The list is not exhaustive but I believed you can pick an interest in one or two of the businesses listed

1. LAUNDRY/IRONING SERVICE:
Everyone has dirty clothes for laundry and ironing, but many working class and career individuals do not have the time to tend to their laundry themselves because of the busy schedule of work or business, this is where you would come in and make money by doing a professional laundry service, especially in areas where power supply is erratic

2. BEAUTY SALON/HAIRSTYLIST:
Hairstyling is a popular business that can be quite lucrative. Generally, with the trend in fashion statements nowadays, hairstylists are usually busy. If you already have your apprenticeship training and experience, and loads of friends especially ladies under your belt, you probably have prospects that will follow you right home without any hesitation. You can have a unisex salon under one roof, get some hairstylists, who are very good in weaving and braids, place them on salary or commission and your life will not remain the same

3. CAKES, SMALL CHOPS AND DECORATING
Do you like baking and making pastries?you can also learn it at a cheap rate and make them for special events. Sell your creations online via your social media sites, People celebrate birthdays, wedding ceremony, retirements, graduation, etc and they all need cakes, small chops or decorations

4. SECOND HAND MATERIALS:
Second-hand materials either from abroad or locally sourced can often be bought cheaply at private sale, from markets and side-street secondhand market like GATA NKOWA in Abule-Egba Lagos, Lawanson, Computer Village, Vespa market, Alaba Market, ASPAMDA, etc. and through classified advertisements in E-commerce website such as OLX, TRADESTABLE, NAIRALAND, etc. The goods/items can be displayed on free advert platforms, it could also be displayed in a Vehicle whether stationary or moving-across-town, the goods usually comes with lower price value compared to brand new ones.

5. HOUSECLEANING
Many people simply don’t have the time to tidy and clean up their homes nor enjoy cleaning their homes and are willing to pay a reasonable price to have someone do the work for them. This is a great way to earn extra money in a flexible way, particularly if you have time off during the workweek. And since you will be working for yourself, you can often choose your own hours, terms, and pay

6. RECHARGE CARD PRINTING:
A recent study shows that the average monthly money spent on voice and data in Nigeria amounts to N445Billion. Even the GSM companies attest to the fact that Nigeria is a Goldmine when it comes to Telecoms business. You can actually start with capital as low as N10k and make a profit of N2k if you do your networking well. There are 3 categories of recharge card business anyway, you could either be a Retailer, wholesaler or Dealer. Whichever category you chose, it’s a good venture because as long as people still keeps subscribing and making phone calls you will never be out of business, also it is not a seasonal business

7. ESATE MANAGER/AGENT SERVICE:
Owners of apartments and houses are most often willing to pay 5% of the rent as commission to agent who will collect monthly rents, place income in the bank, superintend maintenance and show people over vacant flats. Some people make good income from this arrangement, managing several blocks of serviced apartments/flats in private and commercial. You can leverage on referrals, family and friends who have properties but doesn’t have the time managing the estate themselves. You also do not need to have any capital to start this venture

8. HOME DAYCARE
Many states allow people to start an in-home daycare with minimal licensing and paperwork. If you love children and have plenty of time and space at home, this is a perfect business to get into. All you need is a safe room or two for children to play in, some toys and activities, and a whole lot of patience.

9. EVENT DJ
Are you a music lover who is also current with the latest set of music in town? Then all you need is a good sound system instruments, either you use yours or you go and rent it. This is a great way to fill an afternoon or evening while also earning some cash in the process.

10. CATERING SERVICES
Do you love to cook? You can start a home catering business. Its not necessary you start big , you can start by cooking for small gathering, meetings, small parties, supply of breakfast and lunch to offices etc

11. BEADs AND WIREWORKS MAKING
beads and wireworks are what is in vogue now for parties and ceremonies, and it’s very lucrative. Easy to start and requires little capital start up. there are many opportunities to sell such items e.g. facebook, BBM, instagram etc

12. TUTORING
Tutoring is also one of the businesses you can start for less than $100. It might look difficult to market your tutoring services, but online platforms make it easier than ever. Did you major in a subject like English, Mathematics, Physics, Chemistry, Financial Account etc? Do you have patience with children? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share, and phone calls will often trickle in.

13. CLEANING SERVICES FOR BUSINESSES
Many businesses and civic institutions need individuals who can clean their offices and common areas outside of normal business hours. If you’re willing to work some nights and weekends, you can build a cleaning side business and get in shape all in one fell swoop

14. GROCERY DELIVERY
If you own a car you have what you need to start delivering groceries. Make awareness by going to offices to receive their orders. To make delivery affordable for the customer and efficient enough for you to make a decent profit, you may have to service a very limited area. You might start by approaching elderly residents in a housing complex, promising delivery just two days per week in order to process as many orders as you can at once.

15. PLANTAIN CHIPS/COCONUT CHIPS,CHINCHIN ETC
These are probably the fastest moving consumer goods in Nigeria after Bottle water and Sachet pure-water. This can be supplied to supermarkets or to boys who hawk by the road side. Just make sure you put your label which will have your contact address, phone numbers, name of your venture. The more you produce the more money you make

16. GSM PHONE REPAIRS SERVICES
This is another highly profitable small business. Some I.T firms even offer to train people on GSM repairs for free. Also there are different software on how to repair, fix and troubleshoot any phone, your ability to handle simple working tools is all it’s needed to excel in this field of endeavor. As GSM is widely used in Nigeria with almost 100million GSM phone users across the country, so is the income potential is unlimited. Alternatively, GSM repairing course is offered by some professional engineers, why not enroll for the training and start making steady income daily

17. FASHION DESIGN BUSINESS
Fashion design is also a popular business that is very lucrative. Many people especially ladies are ready to pay highly for a fitted dress well tailored and neatly done. Now is the trending style of different aso ebi either made with Ankara, lace, net material and so on. You can also learn this and make your research to add to your knowledge. There are lots of opportunities for upcoming designer now to explore and blossom

18. START A BLOG
If you enjoy writing, find a topic you’re passionate about and start a website dedicated to covering that topic and anything else interesting you want to talk about. All you need is a computer, some time, and some energy to consistently write. It can start as a hobby and turn into a business over time. And blog hosting can cost less than $12 per month. Just beware; blogging is by no means an easy business. It may take months – or years – before you make your first dollar

19. WEDDING PLANNER
If you’re one of those people who can’t help but flip through bridal magazines and think about various wedding arrangements in your daydreams, wedding planning might be the perfect thing for you. A great way to get started is to develop a website or blog on the topic, get to know people online, and promote your services at local wedding venues and throughout the community.

20. SLIDESHOW MAKING
Many people would love to have a beautiful slideshow to commemorate the passing of a loved one, an anniversary, or a special birthday. With a computer and some select software, you could quickly turn anyone’s pictures into a beautiful, custom slideshow, and profit handsomely for your time and effort.

DON’T WAIT, THE TIME WILL NEVER BE RIGHT:
NAPOLEON HILL

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Re: 20 Small Businesses You Can Start With Little Or No Capital by dollaflow(m): 2:33pm On Aug 15, 2016
ok

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Re: 20 Small Businesses You Can Start With Little Or No Capital by askIdorenyin(f): 10:40am On Jul 20, 2017
For birthday, wedding reception, seminar, meeting, or weekend activities, contact me for your small chops and chin chin 08166478146. Delivery is assured. Great taste at affordable prices

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