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12 Business To Start With As Low As 5k As A student Without Demanding From Your Parents Again

In this post, we describe the best small business ideas in Nigeria. Some of them can be started with very little capital.

This post explains what is needed to successfully execute these business ideas.

Include your business idea in Nigeria:

1. Cosmetics Manufacturing

If you love beauty, the best choice is to go to the cosmetics store. To do this business well in Nigeria, you need to engage in deep research.

Why is this important? This is because you have to learn new things about the cosmetics industry that are always up to date, creative and innovative in the business.

2. Blog

If you can write or have the ability to learn to write, start a blog. Blogging is now a great way to start an internet business. All you need is internet access, good research, an interest in a laptop and lots of time. Your most important and perhaps expensive investment in a blogging career is your time.

Create a free blog using WordPress or Wix, or if you have money, set up your blog on the self-host server; populate your blog with quality content, get people to read your content (create traffic), gain trust, and monetize your blog with Google AdSense, display ads, affiliate marketing or information products like ebooks, etc.

3. Sale of mobile phone accessories

This is a very lucrative business in Nigeria today. With as little as N50,000 saved with a platform like PiggyVest, you're good to go. Even if you do well by renting out space when you have the money, this business can also be done in a mobile way, ie. by transporting your products to the places where they are needed.

In this case, first identify your market and provide them with their needs.

What drives this business is the rapid growth in the use of mobile phones in Nigeria. Nigeria has an estimated population of 180 million people. More than 160 million are connected through their mobile phone line.

Commonly used accessories include batteries, memory cards, battery chargers, watches, screen protectors, bags, etc. You can get deliveries from Computer Village (Lagos) or online stores. Business phone accessories are a sure way to get an online import.

5. Mobile Phone Repair

This is a business idea that will make you good money if you are patient in learning how to repair phones. With less than N50,000, you can start a telephone repair and maintenance business in Nigeria.

All you need to get started is some training, a laptop, software tools, some general home tools (screws, soldering, brushes, battery tests, etc.) and some marketing to let people know what you are doing. You also need to develop good relationships with quality accessories retailers. With as low as N5,000, you can buy a repair kit from any e-commerce store. Make easy payments with your bank cards and you're ready for business.

6. Plantain Chips Production and Sales

You've seen it everywhere - the delicious crunchy snack from wild plants. Hawkers sell them along highways. The catch is, you probably didn't know how lucrative it is.

Anyway, you do not have to be a UAC or Leventis Food to join the Plan Chip industry in Nigeria.

A small planet chip business with an initial investment of 50,000 is likely to return N10,000 in profit every day. If you are looking for business in low capital Nigeria you should really consider this.

You can start this right from your kitchen. Just put your brand name on transparent nylon and you're good to go. You need to get coaching from someone who already runs the business, learn some recipes and develop a supply chain for both your raw materials (plantain) and finished products.

7. Production of liquid soap

The liquid soap market in Nigeria is so large that the well-established brands do not meet the demand.

Every household in the country needs this product. So that will always be a requirement. You just have to deliver it.

If you look around you will find homemade liquid soaps without branded products, packaged and used plastic bottles sold for between N50 and N100. With a small investment, you can make so much money from making liquid soap and selling supermarkets to other stores selling to end users, restaurants, bakeries, caterers and homeowners.

You have to get some education available in business centers run by churches, governments and non-governmental organizations. Make a big market through brands and fine packaging, then you laugh at the bank.

8. Mini Import

The internet has redefined commerce and commerce. Many people have turned gold by importing articles online through e-commerce sites such as Alibaba, Aliexpress DHgate, Global Sources, etc. With around N100,000 or less, you are open for business.

You need to identify people’s demands. Search all e-commerce sites, get a purchasing agent to buy these items. The agent then sends them to you to sell and earn your cash. Even with the diminishing value of Naira, those involved in this business are still smiling at the bank. Items that you can import can vary widely and may include: cell phone accessories, cosmetics, fashion items, etc.

9. Information Marketing

This is another internet based business that has taken people out of poverty in Nigeria. Do you know something that people do not know, or do you know something that other people know, but that may present it differently, or do you know someone who knows something that others may not know?

You may be on your way to making money by packing information in the form of a report, e-book, video or audio and selling it online. Note, you do not need to write it because there are many resources available online to help you. You can outsource the writing to, buy books on resale rights or books for private label rights, rewrite and re-mark your choice, and sell.

10. Affiliate marketing

This lucrative opportunity for online money allows anyone with little or no investment to start. An affiliate marketer is one who helps companies or individuals sell their products and earn a commission.

Products you can sell online here can be digital products or physical products. You can sign up for as many affiliate programs as you process and use your affiliate links to promote the products through social media or by creating dedicated websites. Many people in Nigeria have become millionaires through affiliate programs.

11. Website Design and Maintenance

Many stores now have an online presence. Many high net worth individuals such as politicians, business leaders and successful businesses now use online tools such as websites to promote their brand and personality.

This trend has increased the demand for website designers. If you learn how to use common design tools and build good websites, you are open to good business.

To be successful, you need to know how to design professional websites, create web graphics, build websites and upload sites to the server. Other skills you need are domain name registration and how hosting services work. If you get capacity, you can add domain name registration and host your service bouquet

12. Call Card business

This type of business is also known as recharge station card in Nigeria. There is hardly an adult who has no phone. This is one of the reasons why they on the charging station card work so well. You can also sign up by train if you are in the market.