8 Businesses you can start with ₦0 in Nigeria
Starting a business can be really exciting as there are many opportunities that you can explore successfully as long as you have a great small business idea. Unfortunately, many business ideas require a ton of money and risk to start. However, there are a lot of businesses you can successfully start and run with little to no money. All you need is to conduct thorough research before you take a plunge. However, make sure that you give your time and have some clever marketing plans in place to get a good start. These businesses can give you the opportunity to bootstrap and diversify to other ventures if you are committed and resilient. Here is a list of business ideas you can start on your own with zero naira.
Here, you don’t necessarily need to handle any products yourself, all you need to do is partner with a couple of physical, offline stores that sell goods like clothes, shoes, bags, etc. then take good pictures of their products, market them online and add a little commission to the price of each product you advertise. When a customer orders and pays, you give the store owner the cost price and pocket your profit. However, you need to learn customer management and marketing as you will be delving into a very saturated business.
CREATE ONLINE COURSES
Are you very good in a particular field? Do you have the knowledge that people will willingly pay to get? Then you need to create a digital course. With the continued development of technologies and widespread usage of the internet, individuals who don’t have time to attend full-time classes have started taking online classes. Coursera, one of the world’s top online learning site current valuation at over $2 billion tells you how much people are shifting to online courses for their learning. The advantage of this option over other options is that online courses are not tangible products; you don’t have to bother about manufacturing or shipping costs and you receive guaranteed monthly income for years if the course you created is useful enough that people are willing to pay to download it? If you’ve got a talent that can be turned into a digital product, think about packaging it into a new stream of income.
Are you a strong writer? This one is a no-brainer. If you have solid writing skills, consider starting a business as a freelance writer. You can then visit sites like Upwork, register and start writing.
If you are organized and can easily accomplish tasks in a timely manner, consider becoming a virtual assistant. Virtual assistants handle scheduling, bookkeeping, and various other administrative tasks remotely from their home office; similar to freelancing as a writer, editor, designer, and so on, virtual assistants can build up their client base and experience on sites like Upwork.
A bookkeeping business involves managing income and expenses, processing payrolls, and preparing tax returns for business clients. If you know accounting or have the experience and skills in bookkeeping, then this can be the best small business to start with. Today, small businesses don’t have the time or ability to set up and manage their bookkeeping systems. By providing bookkeeping services to them, you can earn a good amount of money. “If managed and handled properly, this small business idea can be very profitable these days.”
CONTENT CREATION AGENCY
These days, creating catchy and unique content has become a big challenge for companies. Rather than depending on one professional, they have started taking the help of agencies to curate impressive content. If you are an excellent writer, then you may consider this as one of the best business to start in 2020.
SEO (SEARCH ENGINE OPTIMIZATION) EXPERT/CONSULTANT
Like other businesses on this list, no capital whatsoever is needed. This is totally skill-oriented. All you need to learn is how to optimize search engines with quality content and make the people website rank higher on these search engines. Search Engine Optimization (SEO) is generally regarded as PR but for robots. If you can equip yourself with the necessary skills to becoming an SEO expert, there are a lot of Nigerian businesses and startups that are willing to pay a consultancy fee for you to help them rank online.
REAL ESTATE MARKETING
This is one of the most lucrative businesses you can start with zero capital. You can make as much as N450,000 monthly if you can find 5 land buyers every month. All you need to do is register under a real estate company (Like Danbel Properties and Investments Limited). You also get to enjoy so many other incentives provided by the real estate company you work under. With Lagos Free Zone alongside Dangote Refinery and the new Sea Port, all located within the same area, the land around there has skyrocketed as people rush in daily to buy as many plots as possible. You can tap into this boom by marketing plots of land to potential buyers online and offline. What’s more? You don’t need to be scared of fraud as Danbel Investments Limited is a certified Real Estate Company that was born 4 years ago with numerous properties.