The number of self-employed and start-up owners was reported at 81.45% in 2019. There are lots of Best business ideas to make money right away on the web, we have curated a list of the best business ideas for any aspiring entrepreneur or start-up.
At the end of this post, I’m pretty sure that you will be inspired to start your own business, so you can be able to thrive when the going gets tough.
Let’s dive in!
Best business ideas to make money right away
Mobile phone repairs
The mobile repair business is very profitable. All you need is to have the skills, a small shop and the proper instruments. A huge percentage of young adults own a phone, and these phones generate fault on a daily basis, so this is good business.
If you love trying out different recipes, then you can consider cooking for people to pay you in return. This job gives you a lot of creative freedom, flexibility and most importantly, profits.
The thing I love about starting a cake business is that you can convert your kitchen to your workspace.
Every month in a calendar year, we have people celebrating different events, and if you can bake cakes for them, you’d earn cool cash.
Liquid soap production
The internet has made it easier for anyone to learn anything online. Recently, I saw a video on ‘How to boil eggs,’ How hilarious!
You can also learn how to make liquid soaps, to sell to those nearby, or deliver to big shops too.
You can rent out things like baby equipment, canopies, wedding decors, camera equipment, for a given period of time. Then, you get paid when the time elapses.
This is one of the cheapest businesses you can start, and in few months you will start cashing out in the bank with a smile on your face.
All you’re required to do is import goods from foreign countries like China, at a low cost, and sell at a higher price in your country.
Affiliate marketing can be lucrative, but it takes total commitment of your time and money to make it in this industry.
It’s all about generating tons of profits from several products or services.
Make up & Beauty business
You can sell cosmetics, and at the same time delve into owning a makeup studio for birthdays or wedding ceremonies.
If you have an extensive knowledge on particular subjects, or you can work perfectly as a teacher, then you can consider tutoring young children as a part time teacher on different subjects.
Call card business
This is a business you can start anywhere in the country. The profit from this business not only comes from higher rates per minute but also from other sources.
Do you own a car or a power bike? If yes, consider turning it into an asset. You can get paid when you deliver goods to the doorstep of the buyer.
Fashion designing is a good job if you’ve been able to master the skill. You won’t have to scout for customers when you’ve successfully mastered this skill, and soon you’d be on your way to cashing out with a wide grin on your face. Download an MBA standard fashion business plan
You can convert your car as a liability into an asset by signing up to be an uber driver. Or, if you have proper driving skills, you can sign up as a driver for Uber.
Dropshipping allows you sell your products to your customers without having to deal with high costs like a wholesaler would have.
It is very similar to household laundering. It can be profitable with diligence and commitment.
Interior decorators help in designing a home by selecting colour schemes, purchasing new design items and so on.
If you have a good taste in choosing household furniture, and designing a home then you should consider being an Interior Decorator.
Hamper business is simply selecting good gift items and arranging them in a basket. It requires little capital to start up.
It is a great way to add a second income or main income, if you’re hard working. You can start by building a portfolio with your social media handles by displaying your works.
Mobile car wash
Buy some car wash equipment, and you can start a mobile car wash business. A mobile car wash business doesn’t need a space for comfort; you’re always on the go.
If you’re good at organising events, then you could consider going into event management for weddings, burial ceremonies and birthday parties.
Best online businesses to earn right away
There are several types of content writers ranging from SEO content writers, to Technical content writer, et al. this is a skill that can be learned by anybody.
Once you’ve mastered any specific niche, you can start it as a side hustle.
Did you know you can earn up to 6 figures by owning a blog site. You can write on diverse educational, inspirational or business topics and earn while doing that.
Graphic designing is very lucrative, if you have a knack with Photoshop and other Adobe software.
All you need to do is enroll in a course, or explore the software on your own, then design graphics for people.
If you’ve learned how to write codes, and love to do it, you can start earning money by creating beautiful websites for brands and people.
Employers are always on the lookout for specific traits when recruiting.
Do your research and find out what these employers inspect, then you can get people to pay you by crafting irresistible CVs for some people who are oblivious to these things.
The need for virtual assistants is on the rise. If you have expert knowledge in handling the tasks of a personal assistant from a remote location, then this is the best job for you.
An app developer handles the creation, and programming of apps for computers, mobile phones and tablets.
Social media management
If you can build a community online, manage posts, handle comments, then you can be a social media manager.
If you have a huge following on our social media accounts, you can promote brand’s products and get paid while doing so.
Freelancers are not committed to a particular employment long term. There are a lot of skills you can put to you on freelancing sites ranging from content writing to graphic design, to app development et al.
Example of freelancing sites includes inklancers.com Fiverr, Upwork, Toptal, appen, eyeka, to mention but a few. However, Upwork is the best freelancing site.
Want to start a small business? see 40+ small business ideas to start with
Sell digital products
You can sell eBooks, games, audio files, etc., online.
As a photographer, you can sell your photographs on sites like Adobe stock, Shutterstock, Alamy, etc.
Email has an impressive 122% ROI. It is a good vehicle to communicate with your customers. Leveraging on this, you will be able to sell out your books, or courses.
You can package your knowledge into an online course, and sell it everywhere on the web so people can buy and learn from it.
These days, you don’t necessarily need to be in a school, to teach people. The internet has made it a whole lot easier to teach with platforms like Zoom, Google Meet, etc.
This has to do with transcribing audios to text. It is a best side career for anyone with extra time.
You can be paid to write for someone (e.g. books, biographies, etc) while they take the credit, that’s what Ghostwriting is all about. This is one of the best business ideas to make money right away. Register on Inklancers.com to start earning immediately.
Many companies these days are hiring remote customer service representatives. If you can communicate and relate well with customers, send out your CV and stand a chance to earn money while working from home.
Video editors or producers can work in places like Television Studio, Film industry. There are many career choices for anyone who wants to go into this field.
Digital marketing provides great opportunities for creative people. Most people spend a huge chunk of their time online.
The list is inexhaustible. On the flip side, we have provided a Business Idea Generator, to help you get started with your business idea
As an aspiring entrepreneur or start up, there are lots of ideas to choose from, our Business Idea Generator is the best anyone can find online, because it is purely done by humans and not artificial intelligence.
All you’re required to do is fill in your data and necessary information, then the generator takes into consideration some factors like your budget, talents, location, skills, etc. to generate for you Best business ideas to make money right away specifically tailored to you.
With a little token, you will have a list of Best business ideas to make money right away sent to your email in less than 24 hours with links to give you access to instant business plans, business model canvas and up to 3 years financial analysis to help you get started with that business idea. Click here to get started with the Business Idea Generator.
BUSINESS IDEAS FOR STUDENTS: (35+ ideas and easy guide)
You can agree with me that one of the great ways to graduate debt-free from college is choosing a part-time business.
Even if you’re using scholarships, or savings to pay for tuition, there is value in starting a business at college and earn an extra income. Apart from making some extra money, you can also gain experience and networking.
Somehow you like the idea of starting a business while at school but, you really don’t know what business will be ideal for you as a college student. You don’t just want any business that will interfere with your studies. Good thing you’re here!
We have highlighted more than 35 lucrative business a student can do. Whether you want to work at night, over the weekend, or from the comfort of your home, determining when and for how long you’ll work is why these businesses are perfect for students.
List of Lucrative Business Ideas a Students can do
Below are various business ideas for students, covering online ideas, business ideas for students with low investment, part-time business ideas for students, and everything in between.
#36. Offer Manicure and Pedicure service
If you’re good with designs and have a steady hand, you can earn a decent amount of money by offering fellow students’ manicure and pedicure service for a competitive price.
Invest in some high-quality nail polish and consider investing in a nail lamp to set and dry the varnish for a more professional finish. If you do a good job, word will quickly spread.
#35. Resell tickets
Buying tickets for shows and concerts before they sell out and selling them on for a profit can be a lucrative business idea for students. You can set up an account on ticket exchanges such as Viagogo and Biletto to sell on your tickets.
Buying tickets to popular music festivals and selling them on a few days before the festival starts is the most profitable. You can make anything from 30% to 500% profit margin for a sold-out event.
#34. Test and review new products
New products need testing before they launch to the market. Companies will look for people to send items in return for feedback which they can then use to improve their product before they sell to the public. You can get paid to test beauty, electronics, and other products.
#33. Nightlife Promotions
If you have a large social media engagement and some good branding, you can become a nightlife promoter for an existing promo company overnight. Pick the quietest night of the week and approach a big venue with a solid plan.
For zero upfront hiring fees, you can have a shot at running your own promotions company, make it work, and before you know it, you’ll be running events all over the city.
#32.Organize student trips
Scout out some popular festivals or cities and organize a trip for students. You’ll earn a commission for setting the whole thing up and also likely to get a discount booking.
#31. Moving Advertisement
This is one of the easiest business ideas for students that pays. You can turn your car into a moving advertisement. Connect with a company willing to pay you to advertise their name on your car. Add the magnet or mesh to your car and drive around.
#30. Edit Your Classmates’ Papers
Proofreading and editing your classmates’ assignments is a nice business idea. Decide what you’d like to charge per page, then advertise in your dorm, classes, or on your student portal. You can also consider expanding your services to students worldwide by becoming an editor who can be found on websites such as Essay Edge or Scribendi.
#29. Creating online courses
Everyone is an expert at something that others really struggle with. As a student, you are in a great position to offer online courses. You can turn your knowledge into a resource that will help others and at the same time generate income for yourself.
There are many ways you can put up your course online. One of the popular ways is to make use of websites like Udemy.com. Some websites have millions of students and it will make it easier for your content to get to the eyes of interested people.
Photography is a great part-time business idea for students. It is basically, the art, application, and practice of light with a camera, usually via a digital sensor or film, to create an image.
If you’ve got an eye and some decent equipment, you can turn your hobby into some extra cash.
To start taking pictures, all you need is a camera, which can be anything from a basic smartphone to an advanced DSLR or a mirrorless camera.
#27. Freelance Writing
Another recommendable business idea for students is Freelance writing. This is the practice of writing for money while working on your own and not being employed by a company or organization.
As a freelance writer, you produce whatever written text is needed by your clients, either working from home or in a rented office space.
You can start by registering with services like Fiverr and Upwork; They can connect you with companies that need part-time and per-project freelance writers.
#26. Cover Letter/Resume Service:
With the high rate of job turnover and lots of people needing jobs, people request for experts to get them a decent resume or cover letter. Rendering cover Letter/resume service will allow you make a lot of money by helping other people improve their odds.
Housesitting is one of the easiest business ideas for students. It is the act of staying in someone’s house while they are away in order to keep it safe.
Most housesitting jobs will demand you taking care of a pet; although it comes with additional pay, it does take time out of your life- You’re committing your time to ensure the pets are well fed. You can start by connecting with online services like Care.com make.
#24. Painting Service
Painting service is a lucrative business a student can do and earn a good income. You can schedule time on weekends and during the summer to paint houses or join a painting company. It can pay well if you have the right connection.
#23. Makeup Artist
Rendering makeup services is a recommendable part-time business ideas for students. If you are skilled and can deliver a quality service, you can do makeup for weddings and make about $300 to $400 per service.
#22. Food Delivery
Food delivery is another legit business idea one can adopt. You simply register with any eatery or restaurant then deliver food. Clients that need these services are within the campus. All you do is wait for an order to come in, pick up said order from the restaurant, and deliver.
For those talented in subjects that like math, chemistry, French, or another subject that tends to stump others. Tutoring will make the best business idea for you as a college student.
If you have true knowledge of a subject in demand, you will earn big bucks for tutoring services because parents are willing to pay.
#20. Lawn and Gardening Services
This service can make a part-time business idea for students who enjoy spending time outdoors. To get started, you may have to invest in a weed whacker and mower. You don’t need to worry because your investments will pay off quickly.
After acquiring the working tools, advertise to local homeowners, and you’ll likely find that they’re much more willing to pay a college student than one of those large landscaping companies.
#19. Houses and/or Offices Cleaner
If you can handle dust and grime, then cleaning homes and offices can prove to be good side hustle. Dozens of businesses, families with busy parents, or the elderly needs cleaners to take care of their surroundings.
You don’t necessarily need to register with a cleaning or waste management agency, you can advertise yourself and work alone so as to choose your own rate either per hour or per room.
#18. Fitness/Personal Trainer
This is a very lucrative and legit business idea for students. You can offer an average of 45 minutes session.
Also, people need an expert to guide them on every step of the way in exercise prescription and instruction. You can motivate clients by setting goals and providing feedback and accountability to them.
To get started, advertise at local gyms and music stores, community websites, and schools, then choose your own hours and rates.
#17. Review apps and websites
As a college student, you can get paid to write app reviews and also participate in focus groups through sites like Apperwall and UserTesting.com.
Babysitting is a good business idea for students that love kids. Parents need people who can take care of their kids while they are away for their personal business.
This kind of service will require a background check and first aid certification before you can work. Find babysitting jobs via sites and apps such as Bubble, UrbanSitter, and SitterCity.
#15. Become a translator
If you understand and can also fluently speak another language, you can use your skill to earn some cash. You can work anywhere. Translation services typically require you to pass a test before you can get matched to or approved for a job.
You can connect with potential clients through sites such as UpWork, Translators Café, and Gengo.
#14. Sell old textbooks
This is a common business idea that pays. You simply turn your old books into cash by selling via online providers.
You can utilize platforms like TextBookRush, Chegg, BookScouter, and Cash4Books. To get started, you register, enter the book’s ISBN, get a price quote, sell it, and ship it using free shipping labels from the vendors.
#13. Drive service
Offering Drive service will make a great business idea if you’re fortunate enough to own a car. You are in control of your own schedule. As a driver, you’d pick up passengers anytime you can- could be in between classes, on the weekend, only on certain days.
Popular companies like Uber and Lyft offer ride-sharing services. To register, you must meet specified driving requirements, carry the proper insurance.
#12. Moving Advertisement
This is apparently the easiest of all business ideas for students listed in this article. All you need is Connect with a company willing to pay you to advertise their name on your car, add the magnet, or mesh to your car, and drive around.
#11. Shovel Snow During the Winter
This service is recommendable for college students who live in a wintery climate. Shoveling snow may be a hard task to do but it pays well.
Your role is to walk around a neighborhood offering to shovel driveways and walkways. Do not wait for the snowy day, always advertise your services in advance.
#10. Search Engine Marketing
Search engine marketing (SEM) is listed among the best business ideas for students. It is a form of Internet marketing that involves the promotion of websites by increasing their visibility in search engine results.
You can run paid adverts to companies and to get their website to appear on the first page of the search engine.
#9. Pool Cleaning Service
Pool cleaning is a lucrative business a student can do and get money fast. You don’t need to worry about how to get clients, check out online classified ads. There you will find existing pool cleaners looking for help with their existing projects.
#8. Graphic design
Graphic design is the most common legit business idea for students. It has helped a lot of college students pay for their educational expenses.
Companies and individuals all over the world that are ready to offer you anything from $25 to $200 to design business cards and Logos for them.”
You can also sell your services and designs on sites like Etsy, 99 Designs and Café Press allow side hustling designers to.
#7. Car Wash
Car Wash is one of the best business ideas for students. If you are sure of providing a professional interior car detailing services, you can take Car washing as a side hustle.
If you want to operate a self-service system, you have to get the modern Conveyorized automatic car wash.
If you find talking much easier, you can take up podcasting as a side hustle. A podcast is a series of spoken word, audio episodes, all focused on a particular topic or theme. Just like with blogging, you choose a Niche for your Podcast and provide quality content.
#5. YouTube Video Blogging
Video blogging is highly lucrative and therefore will make a good online business idea for students who have a gift for video. It’s estimated that video bloggers on YouTube get roughly $7.60 per 1,000 views of their videos.
You get paid based on the advertisements displayed on your videos which means the more people that watch your videos, the more you get paid.
#4. Virtual Assistant
Another great lucrative business a student can do is to become a virtual assistant. You can earn several hundred dollars or more per month by responding to emails, handling basic writing and organization, research tasks, and more.
#3. Interior Decoration
If you enjoy furnishing or adorning of a space with fashionable or beautiful things, you can turn your passion into money by offering interior decoration services. As an interior decorator, you will often paint walls, hangs wallpaper, selects and places furniture, installs window treatments, and adds accessories such as throw rugs.
if you are good at small audio mixing with crossfader and cue functions to blend or transition from one song to another, then DJ job will make a great part-time business idea for you.
You can DJ on weekends and work for parties and events. You start by investing to get a mixer and some speakers, but after that, you can profit.
#1. Laundry Service
Busy and demanding city life is making more people willing to pay laundry businesses to take care of their dirty laundry. As a college student, you can offer to get paid by washing, drying, and ironing clothes for your friends and neighbors.
How Do I Start A Business As A Student?- Easy Guide
Starting a business as a student in today’s world is not much of a challenge as technology advancement has taken care of a lot of things. You don’t necessarily need to jump one interview for another or tie yourself to one gig.
To get started on a good note, first, identify the skills that can translate into a side gig, ask yourself questions like, “what am I good at?”, “Is there anything I can do that allows me to get paid going about my day-to-day routine?”
Next, find a good platform that will connect you to your potential clients or audience.
Once you’re able to fix that, you’re essentially on the path to becoming your own boss.
When choosing a business idea, consider the one that will enable you to make money without interfering with your studies.
The business ideas highlighted in this article will help you pay down your student loan debt, save some money, or get some extra pocket cash. Don’t ignore the career benefits that a gig can bring you in the future.
Business Ideas for Ladies in 2021: The highest paying 20 (+quick tips)
In recent times, ladies have become more successful in entrepreneurship and corporate businesses. Therefore, there are no limits to the business ideas they can materialize. So, if you are here in search of business ideas for ladies in 2021, you have come to the right place.
As a lady, you are capable of executing even more businesses than you know. In fact, this century has leveled the playing field, so, if you have guts, you can excel in any chosen field of business.
From online to offline businesses, you can make use of this post to decide on what you want to venture into. If you need more ideas that are more specific to your region, consider using our business idea generator.
The future is female after all! Below are the top 20 business ideas for females in 2021.
Business Ideas for Ladies in 2021: The highest paying 20
Explained below are the 20 highest paying business ideas for ladies in 2021. The tips have been written alongside.
#1. Virtual Assistant
This is a corporate position that is vastly remote. Your job will be akin to that of a personal assistant, only that you will work from home. You will be required to manage the schedules, social media, and sometimes phone calls of your boss. Simple virtual tasks such as airtime recharge, bank transfers, texting, and the likes may be handed to you to manage.
#2. Personal Assistant
This is the physical version of the virtual assistant. You will be required to book appointments for your employer. The job of managing the daily affairs of your boss will be handed to you. Your ability to organize and plan will be tested as well.
This is one of the best business ideas for ladies in 2021 as we don’t see this position going stale anytime soon.
#3. Point Of Sale (POS) Agent
Helping people carry out basic and minor banking transactions will give your business an edge. Transactions such as withdrawals, deposits, transfers, and bill payments will be handled by you. For ladies, your accountability and zeal will favor you here. You might also experience an increase in the customer base because of your likable character.
Show business is still by far one of the best businesses today. For ladies, the acting industry will feel like home and will be more receptive to you. There are versatile roles for ladies in the movie industry which can skyrocket your career! You could even land roles in advertisements and commercials for a variety of brands.
Not to stereotype this business idea, but it is really a ladies’ dominated one. Cake and confectionaries baking can never go wrong with you. You may need to take a few lessons but trust me, it will be worth it.
People trust females more than males when it comes to baking. For this reason, it should not be hard for you as a lady to pull this off. You can land contracts to bake for huge weddings, celebrations, and even anniversaries. It is really a filled business.
Entertainment as a whole is quite lucrative for ladies in this present age.
As a musician, your profits will come from streaming platforms when fans stream your music. For upcoming musicians, the business may start slow, but when you become established, you will appreciate the industry.
In 2021, this will be one of the best business ideas for ladies.
#7. Uber/Taxify Riding
Uber riders are one of the highest-paid entrepreneurs in today’s world.
You may already own a car or you may have someone willing to lease you a car for this purpose. Either way, you can start this business with just 10k for petrol once a car is available.
The transportation business is highly lucrative as it entails delivering people safely to their desired locations. With the undying need to commute seamlessly today, there is no doubt you will excel in this.
Here, there is a requirement for you to understand the importing business.
Dropshipping can be a tricky one so we will provide a guide for you. You will be required to ship certain goods from one point to another in order to make a gain. If you do this well and consistently, you are sure to go far with it.
Get the contact of a wholesaler in a different country where the wholesale market is cheaper. Your wholesaler may sell shoes or bags or colognes in wholesale, depending on what you wish to specialize in. You may even wish to be diverse and provide variety to your customers.
For beginners’ sake, it is recommended that you start with one. So let’s assume you choose to sell female handbags. You then pay for a few bags to your supplier who may be in China or India or even America in wholesale amount which will make it cheaper for you.
Then your supplier ships these bags down to your location. Then you go ahead and sell these items at retail price to locals, ensuring your profit. Sometimes, you may not even need to use your money to get these bags as your customers would have paid for them on pre-order basis.
This is by far one of the best business ideas for ladies.
#9. Online Coaching
Females make good coaches!
As an online coach, you will be in charge of training and coaching people on various aspects online. It is best to train based on an aspect that you are very familiar with so that your coaching is always superb.
All you need for this is a social media account and internet data subscription. Once you become well known as a coach, you can start to charge for consultation and one-on-one coaching.
Podcasting is recommended today because of its diversity. As a podcaster, you become a new age radio presenter. Your podcast can be about any and everything akin to a radio show. As your podcast audience grows, you can begin to run advertisements on your podcast.
Starting a podcast is free with platforms like Anchor but as you improve you may need to buy items like an external microphone. Your profit will be generated from these advertisements.
Female bloggers like Linda Ikeji and Uche of Bella Naija have changed the narrative of women in blogging today. You can start a blog for free and write on any niche of your choice and with time you can upgrade to a free blog.
As a female, the blogosphere is prone to be more welcoming to you. The tendencies of you having any problems are slim.
#12. Make-Up Artist
These are the controllers of the beauty industry. As a make-up artiste, your forte will be on social media (Instagram especially) as that is where most of your initial clients will stem from. You will be required to take a few tutorials from some experts in the field, but otherwise, you are good. If you don’t have the artist mentality, you will need to develop it. Makeup kits and products will also need to be invested in.
The good thing about this business is the fact that you can diversify; blog about makeup or podcast about it or run a YouTube channel in addition. You can even advance to handle face beats for celebrities.
#13. Face Modelling
It’s all about having great skin. With your skin looking flawless, you can model for different make-up artists and brands. Cosmetic companies can use you as the face of their products and make-up artists can use you as their muse. Your stream of income would run through various sources.
This is definitely one of the highest paying business ideas for ladies in 2021.
From freelance writing to fiction writing, profit can be made from just about any of these fields. You can decide to write articles for various clients in need of them or fiction for magazines and publications.
Also, you can write and publish an informative e-book or a fiction novel and sell it for a fee. There is literally no limit to your income source as a writer.
#15. Social Media Influencing
This is a business that depends solely on your ability to affect other people’s thinking in an online community.
The more influence you have, the more your chances of landing partnerships with companies and individuals. These companies and individuals will pay you to promote an idea or sell a product for them. You then use your influence to achieve your clients’ desired results.
#16. Affiliate Marketing
Here, a retailer will pay you a commission for you to generate traffic to their website or sales for their products.
What makes this one of the best business ideas for ladies in 2021 is that it is gender-neutral. To earn with affiliate marketing, you will need to have a bit of an influence on people too.
#17. Wig/Hair Dressing
In the world of fashion, wig making and hair making is one of the most lucrative businesses in existence.
When talking about business ideas for ladies in 2021, the business of hairdressing is really advisable as well. You will be in charge of the hairstyles for people, including celebrities.
You can create a brand around wig making and even sell high-quality hand-made wigs for people. With time, you can advance into owning a big salon and producing hair products and accessories.
#18. Fashion Designing
Fashion designers are greatly appreciated individuals in this age and in 2021, they will become even more sought after.
This is one of the best businesses for ladies in 2021 as we all know that ladies have a better fashion sense than males. This will give ladies an edge over guys in this business.
Growth can occur and you can land contracts to handle fashion designs of celebrities for social functions.
#19. Data Processing
This involves collecting, processing, analyzing, and publishing data for individuals or corporate bodies.
Your organizational skills will be put to the test and most HR personnel believe ladies have more organizational skills hence the position is usually occupied by a lady.
This will arguably become one of the best business ideas for ladies in 2021.
YouTubers like Liza Koshy and JenaMarbles have redefined youtube for ladies.
These days, you can adopt YouTube as a side hustle, although, some people now take it as their main job. As you manage your main job, you can make videos about it.
For instance, if you are a make-up artist, you can post videos about the makeup industry up on youtube. You can even include “how-to” videos as many people tend to relate well with how-tos.
These are the top-paying business ideas for ladies in 2021.
If you need more ideas specific to your region or country, click this business idea generator to get started. It gives ideas streamlined to your personality, budget capital, available time inputs, skills, workforce strength, and feasibility studies of possible businesses around your region/country. In less than 24hours, you will receive ideas with access to business plans right in your inbox to help you get started. click this business idea generator to get started.
BEST BUSINESS TO START WITH 10K: The Top 20 (+ free guide)
With as little as 10k, you can start a profitable business in Nigeria today. It is no news that entrepreneurs are now making waves all over. If you are looking to join the elite league, you can do so after reading this. We will even throw in some free guides for these businesses.
Without much further ado, here are the best 20 businesses to start with 10k in Nigeria today.
This requires very little from you as the business owner. You will be tasked with importing various items from foreign countries and reselling to Nigerian customers. Mini importation is somewhat a crowded niche presently, but the sky is big enough! This makes it one of the best businesses you can start with 10k.
To begin, find a palatable foreigner that ships items out of their country. You can specialise in importing jewellery, clothing items, shoes, or handbags. Once you find someone willing to sell in bulk to you at a cheaper rate, book them. Then go ahead to pay for your importation, most times, the startup cost is about 10k only for a few items. Once you have made payment, your goods will be sent to your preferred location. It may take a few weeks to arrive. Once they arrive, go ahead and resell these items in such a way that you don’t run at a loss. Ensure you are selling at an affordable rate as well to ensure you sell out.
Gadget sales is also another profitable venture you can run with just 10k. Here, you will be tasked with providing quality tech gadgets for individuals at an affordable rate. You may choose to import these gadgets or simply buy from local vendors and resell. Either ways, ensure you are providing quality and top notch gadgets in order to retain long-term customers.
On foreign platforms like Amazon and AliExpress, tech gadgets are way cheaper for bulk purchase compared to local purchases. With as little as 10k, you can select a variety of gadgets to import from the platforms. Your gadgets can range from earphones (wired & wireless) to selfie sticks, to phone pouches, and so on. With time, you should grow to become an importer of A-Class mobile phones.
Airtime & Internet Data Sales
This is one of the best businesses you can start with just 10k. Most network companies these days have the option for bulk purchases. With these options, you can purchase airtime in bulk for a cheaper amount. Then let your rates be a bit cheaper than the normal cost but not as cheap as the amount you bought it for. This will encourage people to buy from you instead of buying from the normal source.
This is an evergreen business for every season. It’s always in demand.
People need food to survive! No matter how laborious or robust an economy is, one thing people will never do without is food. This is a business that, if you run well, will make you wealthy.
It’s very easy to win loyal customers. As long as your food is delicious and nutritious, customers will always return. If you can get a decent location, acquire the proper skills and personnel, you’ll be able to run a successful food business.
Running a delivery service requires as little as 10k. It is one of the best business idea you can materialize. It involves you delivering products and goods from one point to another point within a particular city. Sometimes even from one city to another and with advancement, from one country to another. People will never do away with the need to transport goods so you know you have a sustainable business.
You can start by utilizing public transportation like buses and motorcycles at the start of your business. But with time, you would gather enough money to acquire your own motorcycle and a dispatch rider. This will put you on top of the game.
Blogging is one amongst the oldest varieties of Social Media. Basically, it’s a web journal or diary that represents your whole business.
With 10,000 naira, you can start a blog. All you need is pay for your hosting and domain to a Nigerian hosting company and design your blog yourself or get someone to do that without making a design mistake.
Blogging improves your brand awareness, search ranking and web traffic amongst other things.
You only get to renew your fees once in a year and every other thing you’ll be needing will be provided by free plugins. You can start as soon as possible by reaching out to your hosting company.
Dropshipping offers chain management methodology whereby the distributor doesn’t keep merchandise in stock but transfers to the customer directly. He does this by sending the cargo details to the manufacturer, another distributor, or a middleman, who then ships the products to the client.
As it is practised in the retail business, profit is gotten from the difference between the wholesale and retail value. However, some drop shippers earn an agreed share of the sales made by the middleman.
To start this business, all you need is to decide what you want to sell. Choose a platform on which you want to sell it such as Shopify or other online stores. That’s all.
With dropshipping, you don’t even have to buy or touch the product upfront. The customers order and get the product directly from your online store.
This is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions. Cryptocurrency trading is the act of speculating on cryptocurrency price movements. This can be done via a trading account or buying and selling the underlying coins via an exchange. If you like this, you have to be careful and have a high predicting sense when venturing into this business because it deals with the rise and fall of a currency.
The business of quenching people’s thirsts is quite underrated. In Nigeria today, with 10k, you can acquire soft drinks and bottled water in variety for sales. You don’t need a physical space as you can partner with someone who already has a shop for this.
Soft drink and bottled water comes cheaper in bulk. Get a variety of drinks and position at a bus park or a busy road. Buy at wholesale price and sell at retail price for profit. With time, you should be able to get your own space and sell more.
READ MORE: Small Scale Business Ideas 2021
You can run an event equipment rental store. When people organize events, they need a place to rent equipment such as chairs or sound set or generating set. Your aim should be to provide these items for people for a fee. You can start with renting out plastic chairs and work your way up from there. With time, you will have enough to acquire more equipment.
Poultry farming is on the list because of its variety of raising numerous domestic birds like chicken, turkey, ducks, geese, etc. for eggs or meat. As a popular business in Africa, it is fast becoming an essential part of farming. In fact, it is one of the profitable agricultural business idideas. It also doesn’t need immense capital to start out and can be done in the comfort of your home if you’ve got enough space to accommodate the number of birds you simply want. All you need to give them is adequate care. Start small with less than 10000 naira and gradually grow.
Small Chops business
With as little as 10k, you can learn how to make small chops or get someone make it for you. Finger foods are the go to refreshment items for small scale gatherings so there is no doubt that it’s a good one. You can package samosas and spring rolls in this paper foil containers that are small and sell. You can make these small chops and even supply to bodies that need them. In the quantity you make, you will definitely get profit on your money.
Fingerlings are much cheaper to acquire with 10k. You can alternatively choose to acquire egg-laying fishes and just groom them till they lay eggs for you. Either way, you can not spend more than 10k to start this business as long as you have some resources handy. Get this Fish farming business plan to get started. Fish is one of the best business you can start with that amount of money as long as you know how to be conservative with resources. There are videos on YouTube and tutorials on Google that can guide you.
Soap making business
Liquid soap used for doing the dishes in every average Nigerian home is usually made by average Nigerians. You can learn from an expert and begin making these soaps for households. This business has a lot of potential and requires very little start-up costs.
Cake making business
As a cake maker, you’ll be specializing in producing and/or selling cakes. You may also sell cupcakes, muffins, sponges, as well as other baked goods that fall under the title of a cake. You will be able to bake cakes for weddings and other social functions when your business grows. The enlightening part is that you can start a small scale cake making business with 10k and grow from there.
With platforms like Amazon, you can self-publish an ebook. A little start-up capital may be needed though and you can sell for a stipulated amount. Your ebook can cover a number of themes and information that readers will hold valuable, this way, your sales are guaranteed.
Curriculum Vitae creation is a business that can be started with as little as 10k. If you already have a computer or laptop, all you’ll need is internet access. With this, you can source for people in need of a good resume and write it for them. If a laptop is not available, you can use a smartphone for this purpose. There are countless people in need of standard resumes to impress one HR personnel or one employer. Your job will be to help these people vamp up their resumes. Sign up at Upwork or inklancers.com free of charge.
As a freelance writer, you need to have diverse prior knowledge about a lot of things. Freelance writing entails you penning down articles, newsletters, general writeups and even fiction for clients. This is one of the best business to start with 10k or even zero capital. Just have enough internet data for research accompanied by your writing skills, the register at upwork or inklancers.com
Confectionery like doughnuts, cupcakes,minced pies are items that move really fast in the market. You can easily learn how to make them and with 10k for starts, you can make so much more money.
This is generalized because there are a lot of investment options these days. One great thing is that most of these options are fully online. So you can choose to invest as little as 10k for a period of time and cash out your profits when due. It’s all a matter of planning. This will be one of the best business to start with 10k if planned well. Click on how to spot high yield investment to get started
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It takes 24hrs because this is the most feasible idea generator as it takes into consideration your budget, intended startup locations, talents and skills, the available time you can give the business etc. Based on these data with an extensive feasibility study and just a little token, you would have a list of ideas sent to your email with links to give you access to instant business plans, Business model canvas and up to 3 years financial analysis to help you get started for the business. Click on business yield Idea generator to get started now
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