10 Lucrative Businessess you can start With Small Capital in 2022

In 2022, how about you consider starting a small business with the small capital you have According to studies, the ideal moments to start a business are during economic downturns and financial meltdowns. The good news is that starting a successful small business in does not depend on the large sum of money but can still start with the small capital available. You’re on your way to a successful company venture if you have strong business ideas and a solid execution approach.

You’ve decided that you’d like to start something for yourself. All you have to do now is channel your ambition and time into an idea that will earn you extra money, make you proud, and potentially lead to a full-time business—and that magical moment when you get to tell your boss, “I resigned!”

In this era of the internet and social media technology, the cost of launching a business has drastically decreased. Here are a few tested business ideas that you may start with absolutely no money in this post.

1. Uberpreneur – Driving for Uber

Many people choose to drive for Uber for a variety of reasons. Some do it because they want the freedom to drive whenever and wherever they choose. They’re the boss, and they can work for as long or as little as they like, according to their schedule. Uber drivers make between 80,000 and 120,000 Naira per week on average.

Driving for Uber is currently one of the most profitable business ideas in Nigeria. It not only allows you to work when you choose (including nights and weekends), but it also allows you to earn some extra money while doing so. While some drivers do this full-time, others do it simply at night after work or on weekends.

2. Social Media / Influencer Marketing

Facebook is the Next Big Things in Social Media. These are venues where Nigerians can make a lot of money just by providing interesting material and cultivating a large following. If you’re a big fan of social networking, this is a company concept you should consider.

If you build a following on any of these platforms, large brands, gear companies, and other relevant businesses that provide items or services linked to the type of material you share may approach you. You may easily charge anywhere between 15,000 and 50,000 Naira for each post or more if you have hundreds of thousands of followers, making this a very profitable side business concept.

3. Web Design and Development

You’ll learn exceptionally useful abilities as a web designer or developer, which are in high demand in the Nigerian industry. Using a free program like WordPress, you can learn how to build websites in as little as a few weeks.
Aside from the freedom to work on your own time, you can earn between 50,000 and 250,000 Naira for every website project. If you’re trying to increase your web development skills, Andela is a terrific place to start and learn everything you need to know.

4. Graphic Design

While having formal experience in graphic design would undoubtedly be beneficial, learning the fundamentals of graphic design on your own using tools like Adobe Illustrator and Photoshop is also rather simple.

However, before you can begin earning a living as a graphic designer, you must first develop your talents and be innovative in all of your designs. To build a strong customer base, I propose exhibiting your creative skills on social media networks like Instagram and Facebook.

5. Freelance Content Development / Ghost Writer

Do you think of yourself as a linguist? Setting yourself up as a freelance content developer could be a side hustle or even a full-time profession for you.

Companies in Nigeria, such as media agencies, blogs, and startups, would pay top dollar for someone who can create clean copy for commercials, websites, and blogs. Some people will even pay you to edit their work. Consider how much effort it will take to make freelancing a full-time job.

6. Starting a Blog or Vlog

Do you believe that blogging is no longer a viable source of revenue? Reconsider your position. Thousands of bloggers produce content on a wide range of topics, including culinary, fashion, gossip, news, travel, movies, and lifestyle. Starting a blog/vlog with a specific niche and a concentration on a certain group of people is a lucrative business concept with a lot of upsides.

The first stage is to improve your writing skills, have a better grasp of what your audience wants, and learn how to write a blog post that attracts traffic and readers regularly.

7. Cake and Cupcake Bakery

Making, decorating, and selling one-of-a-kind cakes and cupcakes for special events such as birthdays, weddings, and anniversaries is a terrific business idea for the hobby baker to explore, and it can be quite profitable.

You can begin on a tight budget by baking and decorating in your kitchen. Sending samples of your cakes to interested parties to ensure they bring business your way, or posting photos of the cakes on Instagram with proper hashtags, is an efficient marketing strategy.

8. Small Chops Food Business

In Nigeria, starting a small chops food business is a profitable business concept. Nigerians’ appetite for light meals such as tiny chops has risen dramatically in recent years. Small chops are also the popular choice for gathering friends for a get-together, boat ride, or time on the beach, aside from big events like weddings, funerals, and birthday parties.
The beautiful thing about little chops is that there will never be a shortage of demand, even if there are a lot of people who offer this service. Creativity and packaging are crucial to running a successful small chops business.

9. Digital Marketing Agency

In the digital environment, a digital marketing agency differs from a traditional marketing firm in that they are often focused on results-based marketing. The name of the game is measurable marketing and return on investment.
In Nigeria, there are a lot of ordinary digital marketing agencies right now. Starting a digital marketing agency does not demand a large sum of money; all that is required are digital abilities and experience to deliver results for your clients.

10. Drop Shipping

This is a type of business that may be started with very little money. You’ll need your laptop or smartphone, as well as internet access and social networking platforms such as Facebook, Twitter, and Snapchat ( which could serve as your online shop).

This is a profitable business concept that has brought in millions of naira. This kind of business requires you to know what people want and where to buy them.

Conclusion

The business concepts presented in this article have been tried and proven profitable in the Nigerian market, particularly among small enterprises. However, to thrive in any of the above-mentioned enterprises, you must have the appropriate business strategy and ideology to launch a successful internet business in Nigeria.

Especially when it comes to recruiting new clients and keeping them for an extended length of time. You must be able to persuade individuals to conduct business with you by selling yourself and your ideas.

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