42 Online Business Ideas To Try In Nigeria in 2020 with low capital
Are you looking for the latest online business ideas in Nigeria with low capital that you can start or best without investment?
Then you are about to learn the top 42 most lucrative and some of the hot small businesses that you can even do from home over the internet.
Entrepreneurship is one of the best ways to make money and there are many business ideas in Nigeria that you can start a business. Whether you are starting as a side hustle or main venture, there is a lot of information to know.
This article looks into all you need to know about starting a business in Nigeria. It also provides some of the top businesses to consider.
Reasons to Start a Business in Nigeria
Nigeria is one of the most popular investment destinations for most investors today. If you are considering starting a business in the country, then it’s a great option. The market is an important consideration when starting a business, and Nigeria offers that abundantly. With a population of over 150 million people, you don’t have to worry about where to sell your product.
Of this high Nigerian population, quite a high number are well educated. You won’t have to worry about lacking qualified staff for your business once you grow.
The cost of doing business in Nigeria is quite friendly. Even though most people tend to claim they never start a business due to lack of capital, the expansion of the online work has eliminated or reduced the need for too much money. Additionally, most online activities are easy to start.
Things to Look for When Starting a Business in Nigeria
Now that you have the reasons to start a business, there are several things to look for when starting the business. The first factor to consider is your willingness to put in the work. Whether you are venturing into online or offline work, you need the entrepreneurial skills. For example, for an online venture, you need a responsive and user-friendly website. You might also need training.
The other thing to look for when starting your business is the competition. Starting a business with other established competitors can be a little hard. Look for ways to improve the existing services and provide quality. Only start a business if you are sure of delivering excellence. When customers get quality from you, they won’t hesitate to tell others about you, which is great for business growth.
You also need a good marketing strategy and a business plan.
Top Business Ideas in Nigeria to start with low capital
Do you believe you have what it takes to start and run a business in Nigeria? Here are some of the ventures to consider;
Easiest Businesses to Start from Home
With most countries and economies going though a lockdown due to Coronavirus pandemic, the need for online shopping is at an all time high. Create an ecommerce site where you allow clients to shop online and you deliver. The major concern that comes with ecommerce is competition. To beat the already established sites you need a profitable market, start with affordable products or start with a shopify store.
2. Self-Publishing on Amazon
Most people year to write a book but never get to it. Their main excuse is the lack of a dependable publisher. Well, Amazon makes it easier than never before to publish. Find a topic you are knowledgeable about then create an eBook and sell. To make money from publishing you need to write about a popular topic and invest in proper marketing.
3. Online Coaching
Even though it has taken quite a long time, Nigerians are fast embracing online learning. The internet access has grown to many households, just as people are also starting to appreciate the internet as a reliable source of information. As long as you have an expertise, you can put it in a course then sell to people. Some of the most selling sectors to consider in Nigeria are health, family, wealth and dating.
4. Article Writing
Article is one of the most popular online venture for Nigerians today. The exploding online world means more businesses and personalities are creating websites like never before. These businesses need your expertise to create content for them. As long as you have great writing skills you can write on any topic and get paid. Consistently provide high quality articles to help you attract and retain more clients.