5 Businesses Nigerians can start with zero capital
The first quarter of the year would soon come to an end, and your financial goals for this quarter are not looking very achievable.
We're not here to judge; things are hard, and you’re quickly realizing that your meagre salary is not going to cut it.
All the explanations your boss is giving you when you ask for a raise are beginning to sound like a mosquito buzzing in your ear, and you’re now fishing for extra sources of income.
But, you still need income to venture into other sources of income, so you’re stuck in a rut.
Not to worry, your fairy godmother called on us and we’re here to help. We’re here to give you five business ideas you can start that do not cost much to set up.
Online Tutoring
If you graduated with a First Class or were an ‘efiko’ in secondary school, it’s a nice time to put those big brains to use.
The online tutoring industry is slowly expanding, as there is less demand for physical ‘after school lesson teachers’. Now, parents are looking online because everything is becoming digital.
Get reviews from your schoolmates that you gave free tutorials back in school, create an account on apps like Tuteria, Wyzant, or Tutor.com and get paid to tutor.
Plus, the subjects are endless, you can choose whatever subject you’re well versed and profit from your knowledge.
Even your local languages too, foreigners are more interested in learning about the Nigerian culture, imagine getting paid for teaching someone ‘dide’ and ‘joko’. All from the comfort of your room!
Mobile Photography
Are you the one in the friend group that’s in charge of taking everyone’s pictures when you all go out? Finally, your years of unpaid labor will pay off because you can become a mobile photographer.
You don’t need a billion-dollar camera set up, just a phone with a good camera and a mobile ‘influencer light’ will do the trick.
Ask your friends to send you some of the pictures you’ve taken for them in the past, and there, you have your portfolio.
All you have to do is show up at the set location and take a few pictures. If you’re great at editing pictures, even better, and you’re easily making a few extra coins on the side.
Virtual Assistance
Have your friends constantly voted for you as the most organized one in the friend group? Or, are you the ‘mom’ of the friend group who's constantly planning the itinerary whenever there's an event, or doing all the logistical check-ins?
This is another opportunity for you to monetize your talent.
From the comfort of your home, you're simply providing administrative and technical support to clients anywhere in the world from your devices.
And if you're not already well-versed in the skill, that's not an issue. There are a plethora of websites on the internet where you can take Virtual Assistance courses and even get certified.
Freelance Writing or Editing
If you’ve heard the buzz about ghostwriting, we’re here to tell you it’s very true. People are being paid hundreds of dollars to write for companies. Short stories, long stories, articles, research reports, scripts, all kinds of writing. People are making a lot of money out of it.
And you don’t have to do anything else other than write. The companies give you the given topic, and they take it from there. You’re not promoting or marketing, or showing your face on the internet, just writing, and if you’re also good at editing, that’s more money coming your way.
Instead of writing an epistle in that person’s DM and being aired, how about putting your creative writing skills into something more profitable?
Social Media Management
Everyone and their mother want to put their business online. From Posh Luxury Wigs & Co to God Is Good Spare Parts Limited, everyone wants to join social media to ‘widen their reach’ and be in vogue.
But, a lot of these business owners do not really have the knowledge of how to grow their businesses online.
That’s where you come in. By helping them manage their online presence, interact with online audience, and if you’re up for it, shooting content for them, you’re earning without investing too many funds.
From 2Go to Facebook to Instagram to X, you’ve come a long way with handling social media accounts, you clearly know ball. Don’t let your knowledge go to waste.
The good thing about all these ideas is that you can handle them while still working your 9-5, allowing you to increase your sources of income.
Let us know if you try any of these out, we’d be expecting our share when you begin to make bank with these ideas!