Top Cheapest Business to Start in Nigeria & Starting Cost 2023

The cheapest business to start in Nigeria, you and I know starting a business could be difficult but generating ideas is very hard. So are you short on cash but seeking fantastic ideas to invest and benefit from, we’ve got you covered with this article, the cheapest business to start in Nigeria. We combed the Nigerian market and conducted research to present you with the top cheapest businesses to start in Nigeria that would pay off handsomely.

Cheapest Business to Start in Nigeria

Tailoring Business

First, on our list of cheapest businesses to start in Nigeria, you and I know that by acquiring this skill you must not necessarily be low on funds, you may learn to tailor and start your own business.

It won’t take you long to pick up the craft, but you may have to pay for professional training. When you’re finished, you’ll need to get your own sewing machine. The whole cost should be less than N30,000. You might begin sewing at home and relocate to a nicer location once you start making money.

Poultry Farm Business

The cheapest business to start in Nigeria, you will agree with me that livestock farming is a good business in Nigeria. Chicken and turkey meat are both in high demand. Starting this business could easily make you money, and you won’t need to invest a lot of money to succeed.

With N50,000 and simply a few Chicks, you may start your own chicken farm. It’s worth noting that the market is more profitable during the holiday season when the majority of consumers are more likely to buy live chickens.

E-book Creation

As a writer, you may make a lot of money if you enjoy writing stories. The cheapest business to start in Nigeria in today’s world, creating ebooks or online books is an enormous business, and it costs nothing to get started. To capture the attention of readers, you’ll need to be a competent writer. To gain clients, you’ll also need to advertise your books. Amazon KDP is a good place to start.

You will not have to pay to have your book published here. To write the book, all you need is a laptop and a phone. You may also require the services of a graphic designer to create the book cover. When you’re finished, upload your book to your Amazon KDP account. You will profit from the book if it is approved.

Graphic Design Business

This article cheapest business to start in Nigeria you might easily become a successful graphic designer if you’re creative and know how to use Photoshop and Corel Draw. You can also learn it from the ground up and be successful. A laptop and an internet connection are required for graphic design so that you may always look for new ideas. This small-scale company can make you a fortune if you have both in your hands.

Phone Repair Business

Smartphone repair is a successful business with several advantages. You’ll make more money if you set up shop in a shopping area where everyone is likely to be using an Android or iOS device. The most money can be made by repairing these phones. You will simply need to train with someone and obtain your equipment as well as a site to start your phone repair business. You should be able to start this business with merely N20,000.

Become a YouTuber

One of them on the list of cheapest businesses to start in Nigeria is YouTube which is practically a jackpot currently, with many Nigerian YouTubers earning thousands of dollars each month from their channels. The advantage of this business is that it can be started with absolutely no money.

To get started, create a Google account, sign in to YouTube, and start a channel. You’ll need to give your channel a name that reflects the type of videos you intend to make. After you’ve finished setting up your channel, you can begin publishing videos. After that, you can sign up for Google Adsense by driving traffic (viewers) to these films.

Freelance Writing Business

You could work as a writer if you’re a good writer. Blogs and professional authors are always looking for writers, and they are willing to pay generously. You don’t need any money to start this business, but you will need to be a good writer if you want to make money from it.

You can start earning by signing up on freelancing sites that accept writers. You can start with sites like Freelancer, iWriter, Fiverr, and Upwork. These sites actually pay in dollars, however, getting approved as a Nigerian could take some work.

Mini Importation

Bringing low-cost commodities and reselling them for profit is among the simplest, cheapest business to start in Nigeria and also ways to generate money in Nigeria. Now have in mind, only import products that are in great demand or that are currently trending in your country.

Social Media Marketing

Another cheapest business to start in Nigeria which the majority are already taking advantage of is content creation and social media marketing. You may work with businesses if you’re good at moving an audience on social media.

Brands would pay you to promote their social media accounts and increase their awareness as social media marketers. When offering your services to big brands, you might wish to start off as a freelancer to gather more expertise.

Affiliate Marketing

Affiliate marketing is among the cheapest business to start in Nigeria. This business is nothing more than recommending a manufacturer’s products to your readers or viewers. As an affiliate marketer, you’ll need to use your affiliate link to advertise these products on social networking sites like Facebook and Instagram. You will receive a cut or royalty from the merchandise if someone purchases it through your link.

Assuming you already have a laptop or a nice phone, you won’t need any money to get started, but you’ll need to invest in growing your Facebook pages and Instagram followers so you can get more individuals to look at these things and enhance your possibilities of profiting.

Website Design

To learn web design, all you need is a laptop and a fast internet connection. You might want to enroll in online courses to learn them more quickly. When it comes to web design, you should concentrate on studying programming languages such as HTML, CSS, Python, PHP, and Javascript.

These are primarily needed to run website platforms such as Blogger and WordPress. You can easily sign up as a freelancer once you’ve received the necessary training and experience. You can join freelancing sites where you can meet clients who will give you various web design services. Take note that you will be charged a fee for every dollar you earn on these freelancing services.

Okrika Business

Finally, on the cheapest business to start in Nigeria, you and I know that throughout Nigeria, selling gently used clothing is a huge business because most people who can’t afford the originals rely on these alternatives.

You could get these clothes from Cotonou or make connections with other sellers who can direct you in the right direction. Whenever it comes to selling worn garments, you have two options: open a shop in a marketplace and hawk your wares, or go to a school where these items will be at a high price.

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