The major problem with
starting a business is the lack of capital to kick off.
However, with N10,000 you can start a business, that will
slowly bloom into a source of livelihood. What are some of
such businesses? Check out the tips below:
1. Book sales
Selling books is not easy. Yet it is a business you can begin
with very little capital, all you need to have a community of
book lovers, who are willing to buy books.
Once you prove yourself trustworthy, publishers and bigger
book stores will even give you books on credit, so you can
pay them after you have sold.
2. Fruits and vegetables
Fruits and vegetables like watermelon, Oranges, carrots,
cabbage are quite the catch these days. All you need is a
good wheelbarrow to move them in, a little capital to start, a
busy street corner and a friendly disposition and you will be
earning profit sooner than you expect.
3. Phone accessories
You can go for the low-end phone accessories, chargers,
earpieces, pouches, phone covers, screen protectors. Just
ensure you buy durable and original materials and let
people have your contact number, in case they need
anything else.
4. Food vendor
While you may not have enough money to start an entire
food vending business, you could start with a single food
item. Like puff-puff or moin moin. Something well-made in a
cooler that you can carry everywhere or place in a single
busy spot. Soon you might be known as the go-to person for
that food item.
5. Palm oil sales
All you need for this is a good source of palm oil, most likely
a village in eastern Nigeria and a way to transport to a busy
town where the need exists and you are in business. The
margin for profit on this is quite high and soon you could
have a thriving business.
. Tie and Dye
This is what a business consultant on WealthResult had to
say about this business:
"This business is an untapped,profitable business in Nigeria,
it requires you to get a white fabric, then you rinse the fabric
in water and soap, then you tie an end of the fabric with an
elastic band, then tie severally leaving some spaces in
between (about an inch).
"You can tie as many as you like,put dye and salt in boiling
water, then soak the fabric, you have yourself a lovely
material (popularly known as adire among-st the yorubas).
"You can get white fabric for like N200 per yard,get for -5
yard piece (which costs like N1200) buy dye (like N250),
your total cost will amount to (approximately) N1500, you
might be able to sell the material for N2500 and make cool
N1000 for each of the material you sell."
These are just skeletal frameworks of these businesses and
you can be as innovative as possible. All you mainly have to
do is start somewhere.
starting a business is the lack of capital to kick off.
However, with N10,000 you can start a business, that will
slowly bloom into a source of livelihood. What are some of
such businesses? Check out the tips below:
1. Book sales
Selling books is not easy. Yet it is a business you can begin
with very little capital, all you need to have a community of
book lovers, who are willing to buy books.
Once you prove yourself trustworthy, publishers and bigger
book stores will even give you books on credit, so you can
pay them after you have sold.
2. Fruits and vegetables
Fruits and vegetables like watermelon, Oranges, carrots,
cabbage are quite the catch these days. All you need is a
good wheelbarrow to move them in, a little capital to start, a
busy street corner and a friendly disposition and you will be
earning profit sooner than you expect.
3. Phone accessories
You can go for the low-end phone accessories, chargers,
earpieces, pouches, phone covers, screen protectors. Just
ensure you buy durable and original materials and let
people have your contact number, in case they need
anything else.
4. Food vendor
While you may not have enough money to start an entire
food vending business, you could start with a single food
item. Like puff-puff or moin moin. Something well-made in a
cooler that you can carry everywhere or place in a single
busy spot. Soon you might be known as the go-to person for
that food item.
5. Palm oil sales
All you need for this is a good source of palm oil, most likely
a village in eastern Nigeria and a way to transport to a busy
town where the need exists and you are in business. The
margin for profit on this is quite high and soon you could
have a thriving business.
. Tie and Dye
This is what a business consultant on WealthResult had to
say about this business:
"This business is an untapped,profitable business in Nigeria,
it requires you to get a white fabric, then you rinse the fabric
in water and soap, then you tie an end of the fabric with an
elastic band, then tie severally leaving some spaces in
between (about an inch).
"You can tie as many as you like,put dye and salt in boiling
water, then soak the fabric, you have yourself a lovely
material (popularly known as adire among-st the yorubas).
"You can get white fabric for like N200 per yard,get for -5
yard piece (which costs like N1200) buy dye (like N250),
your total cost will amount to (approximately) N1500, you
might be able to sell the material for N2500 and make cool
N1000 for each of the material you sell."
These are just skeletal frameworks of these businesses and
you can be as innovative as possible. All you mainly have to
do is start somewhere.
