The reason for this article is to discuss some businesses one can start with little capital. Let’s say 50k (naira).
So many people would want to start their own business but the problem is capital. We know the hassle involved in getting loan from the banks, first of all you need a collateral which most people do not have.
They may not be the business of your dream but you can start from here then raise capital for your dream business or better still expand it when you have more capital.
Knowledge, that is what has kept a lot of people still searching for what to do while business opportunities are staring at them in the face. You can start today, start thinking about the need of the people in your society and come up with a way to fill it then you make money.
1) STREET FOOD VENDOR:
No matter how the economy may be, people will always buy food, come rain come shine buying of food is inevitable. With a food vendor situated where you have people or in a busy environment you are good for business.
All over the world selling of food to the public is good business mostly in areas where you have high population or you can take it close to where you schools, market, parks or close to where you have a lot of pedestrians.
2)PHONE ACCESSORIES SALES:
The wholesale prices of some of these phone accessories are really low and people who sell in retail make more than 200 percent profit from each accessory.
An accessory that goes for at least 350 (naira) can have a wholesale price of #150 or even less.
The prices of these phone accessories are not fixed, so a smart person that knows how to convince buyers can even make a lot of profit. A store will be needed where you can display your accessories to attract buyers and it is not suitable carrying them around lest they get damaged.
READ ALSO : 5 BRILLIANT WAYS TO MAKE MONEY ON INSTAGRAM.
3) SELLING SECOND-HAND WEARS:
Most of the imported already used wears are of very good quality compared to the once made in the country no wonder Nigerians prefer them. Where I stay I see very big shops with large patronage that are into this business they call the already used wears “OKIRIKA“.
This business is the easiest to start among the businesses listed here because you can start this business without owning a store, you can decide to visit people’s homes where you display what you sell.
Starting a new business can be very challenging, at some point you might be discouraged when you face difficulties.
All you have to do is to apply methods, if one method fails try another. Seek for advice and ask questions there is no how you will not find winning formula. Give it your best, plan and deliberate on every step you want to take because one mistake at times can ruin everything..