Starting your own business should be a dream for any Nigerian youth, but unfortunately, many Nigerians don’t believe they can make it a reality. Most people think you need a massive amount of capital to start a business, but this isn’t necessarily the case. Given that micro-businesses make up 70% of all companies in the country, it’s clear that minimizing initial investment and maximizing profits is totally possible in our country today. In this article, we’ll outline our top 7 businesses with low startup costs to help you find a low-cost business idea (or free) that aligns with your interests and goals.
With the establishment of this platform, a great opportunity has been made available to make good money and also learn this tough pandemic season. With only #1600. It is as simple as that. As you earn, you make money too.
These business owners enhance their clients’ lives by imparting knowledge of a particular skill set, whether it’s related to their personal or professional lives. This list of low-cost business ideas is for veterans of the relevant industries who are looking to change pace and pass on their wisdom.
SOCIAL MEDIA MARKETING
Social media users with an intimate knowledge of platforms and a robust familiarity with internet marketing practices are ideal candidates for this line of work. There is an entire world of internet marketing strategies, including search engine optimization, digital sales monitoring, and ad campaign management. Ongoing costs may include software and hardware upgrades, and time /money invested in keeping up with the rapidly advancing world of internet advertising. At the very top of the social media consultant payscale, you can expect $100,000 per year.
To earn client confidence, a personal trainer should be a walking advertisement of their own successful diet and exercise regimen. You’ll be developing individualized sessions for your customers, taking note of their goals and cross-referencing those with optimal dietary advice and physical activity.
Any musician skilled enough to make it in the world, from band instructors to symphony-quality violinists, may be qualified to conduct private lessons on the side. This will involve working with students, mostly of a younger demographic, to improve their skills with individualized lesson plans and practice music that challenges them at the right ability level. Homes are a very normal place to conduct lessons, although some music stores offer discounted rental spaces to teachers who encourage students to make on-site purchases.
Professional proofreaders are meticulous writers with a keen eye for detail and a firm grasp of linguistic mechanics like grammar and punctuation. The daily routine of a proofreader involves carefully reading a great deal of content, and making revisions to help the content reach its full potential. Ongoing expenses are very minimal and revolve mainly around internet provision and the maintenance of a work computer. Some wage estimates place average proofreader salaries at about $48,000 per year, although that does not include freelance proofreaders.
FILM AND MOVIE
This career is for dedicated actors or directors in the performance industry, so you will need at least a few connections within the business. Students will only want to enlist in your courses if you have some kind of credible performance reputation, but you’ll also need the teaching chops to instruct a class of acting hopefuls. If you don’t have one already, you’ll need to rent or buy a proper space for teaching, including room the class can walk, run, or deliver dramatic monologues in. A small management and registration staff may be required as your business grows, but by some accounts,
People who love giving practical advice are often a great fit for this low-cost business. In this career, you’ll be working to find healthy goals that fit individuals. Consultations with clients will center around personalized plans and discussions of the latest trends in nutrition and exercise. Regarding ongoing costs, there may be website upkeep, state licensing fees, and maintenance of exercise equipment.