small-scale businesses in nigeria

Top 10 Small-scale businesses in Nigeria That Will Yield Passive Income

Starting small-scale businesses in Nigeria could be very difficult than we think, though it seems easier to us.

An attempt has been made on how small scale businesses can be set up without any difficulty.

There are many small-scale businesses in Nigeria you can embark upon, join us as we proceed.

This post aims to open your eyes to new adventures which will create a steady stream of income.

Let us look at these ten small-scale businesses in Nigeria you can delve into.

Top 10 Small-Scale Businesses You Can Do In Nigeria

1. House Cleaning Business.

The cleaning business is one of the small=businesses in Nigeria that can generate you a huge income if you can set it up.

Taking advantage of the enormous task of working-class people because they find it tasking to clean their house and office.

You can source for people in need of cleaner around you, reach out to big companies as well, though it will take time to reach your target.

The capital required is not too much. All the equipment needed can be gotten with just #30,000.

Be honest and loyal with your dealings because loyalty and honesty go a long way.

2. Children Day Care(Babysitting).

Babysitting is a well-paying job, it is temporarily caring for children of all age groups.

It is one of the small-scale businesses in Nigeria and beyond you can do due to its flexibility and capital involved as there is no capital requirement.

Babysitting is meant for  young adults that are not eligible for employment in general economy.

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Some of the babysitting jobs pay at least #50,000 per month, depending on the location in Nigeria.

3. Home Tutoring.

As I said in one of my previous posts, the tutorial is becoming huge and there is a constant demand for tutors during this pandemic period.

The tutorial is very lucrative and very easy to start. Move from door to door to create awareness about your tutorial.

If you are good academically, Be passionate about it and go for it. Learning is continuous in nature, by doing this, you are also learning.

Do not limit your class to only young folks, have a package for Adult education too.

4. Tour Guide.

It is a process of taking the tourists to a place of interest, he is a person who provides assistance, information on cultural, historical site.

Nigeria is blessed with many tourist attraction places which you can take your clients to, by doing this, you will earn income.

As a student, you can arrange a trip for your class to a place of attraction in the community which your school is situated.

Places like Owu waterfall in Kwara state, Olumo rock in Ogun state, Ikogosi in Ekiti state, Erin Ijesha waterfall in Osun state, etc.

5. CV Writing (Resume).

It is a written document that contains your education, work experience, credentials, and accomplishments.

CV stands for Curriculum vitae. It is part of small scale businesses in Nigeria, you can start with no or little capital.

With an increase in industry, every employer pays attention to your CV because it is a form of introduction.

If you are familiar with twitter, there is one man called Ogbeni Dipo, he charges up to #50,000 for CV writing. Follow him and see what I’m talking about.

You can help people to write their CV at a token fee thereby creating some sort of income stream.

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Platforms like linkedin.com, resume.com can be great tools to use.

6. Photography.

Photography is trending all over the world, you can create some magical moments for your customers.

COVID-19 has crippled many social gatherings, nevertheless, people still employ photographers to grace their occasions.

Starting this small scale business will create an opportunity to meet some of the elite in the society which will make you have chance of expanding your coast.

As a starter and due to a low budget, you don’t need to buy an expensive camera, you can start with affordable ones.

7. Gym Instructor

Fitness trainer and instructor leads, instructs, and motivates individuals or groups in exercise activities, including cardiovascular exercises (exercises for the heart and blood circulation), strength training, and stretching.

They work with people of all ages and skill levels. This is among the small-scale businesses in Nigeria that can fetch you thousands of naira.

people of all age groups engage in one exercise or another in order to stay fit and healthy.

Don’t waste your built body, start monetizing it, Set up a gym in your locality and see how the turn out will be.

8. Food.

Food is a basic necessity that no one can do without, it is a venture that will always draw customers.

You can engage in corporate catering service by providing launch delivery packages to corporate entities.

You can start with one company, then move to another. No number of employees is small.

Package your business in an attractive way so as to keep your customers very close to you.

If you want to launch a small business with minimal startup fees, courier service or small-scale delivery service might be your best bet.

9. Small Business Tax Accounting.

As a business owner, a certain amount is expected of you to render to the covers of Government.

All businesses must pay tax on their income. This means that a business must pay tax on the profit of the business.

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How that tax is paid depends on the form of the business. Many small-scale businesses in Nigeria fail to keep proper books of account.

You can provide financial services to all these small business owners if you have what it takes.

Go to some market women in your city, sensitize them on how to keep proper records of account.

Help them file their tax returns, provides management advice to them at a token fee.

10. Freelance Website Development.

A freelancer is a self-employed person who works as a web designer, developer, and content creator.

Website developers make their customer’s dreams of owning a website come reality.

They design and manage the website for their clients, it is a very viable venture which can fetch a reasonable fee.

There are some websites that cost #2million, depending on the preference of the customers.

You can earn millions of naira by creating content for the needy. Build your freelance website, market your service, and stay current.

Conclusion on Small-Scale Businesses in Nigeria

Kindly run your background checks on the listed items before you delve into it. Use the information on this blog as an insight into what you are going to not as a sole determinant. Small-scale businesses are for low-income earners

There you have 10 micro and small businesses. Feel free to recommend or suggest the area you want us to work on. Till I bring you another post, STAY AFLOAT OF FINANCIAL CRISIS!!!

 

Credit: Naijabreakingnews.com.ng

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