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Small Scale Businesses in Nigeria

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Small Scale Businesses in Nigeria

Back in the day, when students graduated from the university, they only thought about getting a white-collar job. However, times have changed, as more people want to venture into businesses, whether graduate or not.

People have seen the independence and authority of having your business and want to experience it. While the idea of having a business is great, not everyone has the capital needed to start a massive one, and that's where small-scale businesses come in. There are several small-scale businesses in Nigeria, and we'll discuss the top ones to try. Follow along!

Poultry Farming

Poultry farming is a small-scale business that is lucrative as well. You can start this business at home but need space for the birds. If you don't have enough space, you can rent some land.

You will also need feed, water, and other supplies for the chickens. The profit margin on poultry farming is high because you get to sell the eggs directly to consumers. This means that you won't have to pay any middlemen.

Another advantage of this business is that you can make money even if there isn't much demand for chicken products. For example, if you raise ducks, you can still make good money by selling duck meat.

Catering Business

If you want to start a catering business on a small scale, you can start with food trucks. Food trucks are mobile kitchens that serve different cuisines, including foreign dishes. They usually operate in busy areas and offer their services cheaply.

You can either work for someone else or open up your restaurant. Either way, you must invest in kitchen equipment, ingredients, and a place to cook. Once all that is solved, you can start earning money daily.

Pet Care Business

Have you heard about turning passion into income? If yes, running a pet care business as a pet lover is great. Pet care business includes grooming salons, boarding kennels, veterinary clinics, and animal shelters.

This business needs little investment, so you can easily start them. You can charge anywhere between NGN5000-6000 per visit for dog grooming. In contrast, boarding kennels cost around NGN15000 per night.

Veterinary clinics and animal shelters charge higher prices. So, most people will prefer bringing their pets to your business if you're good at what you do.

Rental Services

Another popular small-scale business in Nigeria is rental services. This business is famous in local areas where small parties are being held. Moreover, the most prominent rental services involve renting canopies and chairs for events.

Also, you can rent out tables and tents for weddings and parties. Other rental services available in Nigeria include storage facilities, office spaces, and houses. These businesses are perfect for those looking to earn extra cash without investing too much time and effort.

However, these businesses need a lot of maintenance and upkeep. It's essential to know how to manage such properties before starting one.

Ecommerce Business

An e-commerce business is like an online store that sells goods over the internet. It's pretty common these days, and most people prefer shopping online instead of going to brick-and-mortar stores. If you are interested in selling clothes, you can venture into e-commerce, as it's small scale. Also, it's profitable; you can make huge money from it if you take it seriously.

To start an e-commerce business, you will first need to buy inventory. They include items like clothing, electronics, books, and furniture. Then, you will need to set up an online shop. Once everything is ready, you can start marketing your products.

Bead Making

Bead making is a fun hobby that allows you to create beautiful jewelry. But do you know you can make money from this? Many people are willing to patronize hand-made fashion, which you should take advantage of.

You can use beads to make bracelets, necklaces, earrings, and rings. Bead making requires no special skills; you can learn all the techniques from YouTube videos. All you need is patience, creativity, and time.

Laundry Business

The laundry business is also among the small-scale businesses in Nigeria. Busy people can't do their laundry, so they need the services of laundromats. You can start a laundromat from your home if you have only a little capital.

However, you need to buy a few pieces of equipment to keep the business running. While a machine is necessary, you can manually wash the clothes till you can afford one. Also, you need a pressing iron and space in your home to dry the clothes.

You can hire employees to wash the clothes to make your job faster. And as long as you have a steady flow of customers, you can quickly turn a profit.

Gardening Business

Starting a gardening business is beautiful. You can spend your free time doing something you love and being productive.

Gardening involves growing plants indoors and outdoors. You can grow flowers, vegetables, herbs, fruits, and more. Then, you can sell items of things at markets, including cut flowers, fresh produce, and baked goods. You can even sell seeds and fertilizer. From there, you can make lots of money to start other businesses.

Ice Block Production

As a Nigerian, you must understand that the country is hot, and people need cold drinks to cool their heads. So, ice block production will thrive, even on a small scale.

However, you need a freezer and a few other equipments to start. Then, you can begin to supply them to supermarkets, convenience stores, and gas stations. Moreover, the best part about this business is that you don't need special skills to start.

Hamper Business

Hampers are famous gifts during Christmas, and people who sell them make a lot of money. This business involves selling gift baskets to clients.

Starting a hamper business may be a good choice if you enjoy baking, as you can make several pastries. You can choose to add perfumes and clothes to your hamper too. Then, you can sell your products at local markets, grocery stores, and restaurants.

Furniture Repair

Are you good with tools? Do you enjoy fixing broken furniture? If yes, then you should consider starting a furniture repair business.

Furniture repairs need basic carpentry skills, but they aren't challenging to do. Most people who own furniture tend to break their pieces, so there is always a demand for furniture repair services. All you need are your skills and a few tools, and then you're good to go!

Franchise Business

A franchise business is a small business where you pay fees to a company that owns the rights to a particular brand name. For example, McDonald's is a well-known fast food restaurant chain. When you become a franchisee of McDonald's, you pay a fee to McDonald's and agree to follow its rules.

In return, McDonald's provides you with training, supplies, and support. Many franchises are successful because they provide quality service and delicious food. So, why not become a franchisor today and earn some money?

Sports Viewing Business

People, especially men, love watching sports, especially when there are many people around. That's where the sports viewing business comes in. You can have a sports viewing center or bar where people watch games live.

You can also buy tickets from fans and resell them to others. Or, you can charge admission to watch games. Either way, you'll get paid.

You'll need to invest in equipment such as televisions and generators to succeed. After all, you won't be able to charge much for your services without proper equipment.

Brick Making Business

If you have a knack for making bricks, you can start a brick manufacturing business. Brick-making requires specialized skills, but most people can learn how to do it.

To create bricks, you can use clay, sand, water, and cement. Once you've made enough bricks, you can sell them to construction companies. These companies usually hire contractors to build houses and buildings.

However, before you start making bricks, you must first find the materials required. Also, you need to know whether you want to work alone or join an existing brickmaking business.

 

Frozen Foods

Frozen foods are raw chicken, turkeys, fish, and meats, and you can start selling them as a business. This business requires little capital, and you can quickly begin to earn from home. However, you need a freezer and a constant electricity supply to power the freezer. Once all that is done, you can start earning daily. 

Conclusion

Small-scale businesses are trendy nowadays in Nigeria. It doesn't matter how big or small your business is, as long as it makes money. These businesses don't require huge investments, which is why many people are starting them. You should start too!

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