5 Business Ideas You Can Start With Little Or No Capital
There is a saying that there is no better time to start a business than in times of economic crisis.
Real business people seize the opportunities and threats in the economy by solving problems then they make money from it.
Nigeria is facing an economic recession due to the COVID 19 pandemic and most companies have either dropped some staff or reduced the salary of their employees in order to survive the present economic situation. If you are currently unemployed or employed but not satisfied with your present work situation then this is for you.
This article will guide you to affordable ideas to starting your own business.
Beauty & Health Products
This does not require any special skill and also does not require too much money to start up.
As long as you can communicate the importance of the product you are selling in people’s lives, your chances of success are high.
Like other businesses, one of the challenges that might arise could be how to reach customers and give your business a professional outlook through setting up a brand image, getting an office space where clients can receive your services, and more.
To keep startup costs minimum, the business can be operated from home but your products need to be sampled and properly marketed and that’s one of the benefits of using spronet.ng, you get your online store for free and can share your products to other channels, like Instagram, WhatsApp, and Facebook, while customers can make orders directly from the platform and payment goes to your bank account.
For more on how to grow your business, you can check out some of our resources on branding here, reach a larger scale of customers without paying any advertisement fee and also have a location where clients can reach you and pick up products without paying huge rent for getting an office space.
Educational & Vocational Courses
Do you have skills and talents you can share with others? Then producing educational materials through digital content and monetizing it could be just right for you as there are no huge startup costs required.
The Covid pandemic has seen the widespread emergence of virtual learning and this trend won’t be going away anytime soon.
Now you can train students without being in physical contact with them, you just need a good data connection and a good teaching method.
However, if your training requires physical one on one interactions, you can take advantage of Spronet Hub’s affordable training/meeting rooms at our business hubs near you.
Dry Cleaning & Laundry Services
This is one of the small businesses that will continue to thrive no matter what is happening in the economy.
As people get busier, the demand for dry cleaning services will continue to increase. The good thing about this business is that you can start from your home. You can even spice it up by doing home deliveries and pick up.
Mini Importation
The internet has redefined trade and commerce. You can import goods online through Alibaba, Wish, and other global sources. With less than N500,000 you can start this business.
Getting local customers for your imported merchandise is yet another problem that spronet helps you solve. As stated earlier for zero registration fee, you can set up your local online store in minutes and start making sales and deliveries.
WEB & GRAPHIC DESIGN
These days, you hardly can find a business that does not have a website or a beautiful logo design to attract customers.
Businesses use websites and also graphic designs to promote, educate and also attract customers to patronize their products. This has increased the demand for web designers and graphic designers.
You just need to learn how to design a website professionally, build web pages and also upload web pages to the servers.
Looking for how to get started with learning a skill, advertising, and growing your business/idea?
Be part of our Spronet Business community and start growing your business today.
For more information on our business hub, visit https://hub.spronet.ng
