Top 5 Cheapest Businesses to Start in Nigeria

Starting a business in Nigeria doesn’t have to break the bank.

While some ventures require a hefty investment, there are plenty of fantastic opportunities that are easy on the wallet.

Here’s your ultimate guide on the cheapest businesses to start in Nigeria.

Get ready to turn your passion into profit without a fortune in startup costs!

Let’s dive in!

5 Cheapest Businesses to Start in Nigeria

Here is a list of the cheapest businesses you can start in Nigeria:

1. Affiliate Marketing

Affiliate marketing is a cheap and profitable business you can start in Nigeria.

Fortunately, starting this business requires little to no capital or qualifications.

The business is pretty simple because it only involves selling of physical or digital products created by another person. Hence, you do not need to buy or create any product.

You just need to recommend affiliate products to people who are looking for them.

Thereafter, you earn a commission for any product you sell successfully.

Some legit affiliate platforms In Nigeria include:

a. Konga

b. Whogohost

c. Learnoflix

d. Expertanaire

e. Jumia

2. Laundry Services

Laundry is another cheap business in Nigeria.

It involves the selecting, washing, and ironing of people’s clothing for a specific amount of money.

Starting a laundry service requires minimum capital.

It all depends on how you plan to structure it.

If you want to start this business from home, you will need less capital than going to open a shop for it. 

3. Data Reselling

Data reselling is another good business you start in Nigeria with little capital.

It involves purchasing data bundles from Nigerian network companies like MTN, GLO, 9mobile, and Airtel, then selling them to other people in small quantities. 

This business is very profitable and needs as little as N2000 to start.

You only need to register with telecommunication or a VTU platform, fund your account, and start reselling data to others.

4. Freelancing

Freelancing is another cheap business that involves executing simple tasks online.

What you do is sell your soft skills to people in need of it online.

For instance, if you are skilled in social media management, you can just find and help small business owners manage their pages online.

Some of the services you can offer as a freelancer include: 

a. Content writing

b. Copywriting

c. Website design

d.Virtual assistant

e. Social media marketing

f. Search engine optimization

g. Facebook ads

h. Graphics design

5. POS Business

POS is a business that can fetch you daily income in Nigeria.

You earn money every day when people withdraw money through your POS terminal.

To start a POS business, just register with a leasing company, buy your POS system, and then fund your account with the required amount.

Next, publicize your business to the people around you. 

Conclusion

This guide has unlocked the secrets to the 5 cheapest businesses to start in Nigeria.

So, what are you waiting for?

Grab your entrepreneurial spirit, put this knowledge into action, and watch your business dreams take flight!