1. Printing and publishing
Every day, a large number of people print items such as banners, magazines, novels, and newspapers, to name a few.
You can invest your money in printing machines, a workspace, and someone who understands how to operate the machines. With these, you’re all set to travel.
The benefit of this business is that it does not require you to invest a large sum of money to run it.
All you have to do now is purchase the ink, paper, and power needed to print the materials. In addition, everyday maintenance is required.
All of this is often minor in comparison to the money you’ll be paid for your work.
My advice is to invest in a machine that can handle a variety of printing jobs, including banner printing.
This business idea can become a reality and provide you with a steady source of revenue for as little as $500,000.
2. The Building Block Business stymies Nigerian business.
This is another Nigerian business where you may start with as little as 1,000,000 nairas.
With so many development projects in the area, as well as so much money in the building and land industries, this is a great way to keep the cash flowing.
All you need to get started with this lucrative business is land, machines for molding the blocks, and someone with technical know-how in the industry (which, by the way, is straightforward to find).
Labor costs are lower because the machines are usually simple to operate.
You can rent land for a low price, ideally in an area with a lot of construction sites.
You are free to leave now that you have all you require.
The purchase of sand and cement is all that is required to keep the firm viable.
With a very similar block molding method, you may still enter interlocking tiles, which could be a very profitable business.
3. Construction Material Rental Service Obtaining construction supplies and equipment on a rental basis
Another way to break into the development industry is to work as a contractor.
The majority of construction sites rent out machines for their workers to use while they’re on the job. That is, once you have entered the image.
From simple items such as a headpan, shovels, and wheelbarrows to more complex items such as cement mixers and compacting equipment, and so on.
These goods and equipment are frequently purchased and rented.
My advice is to take the more expensive alternative; it will be easier to find among your competitors and may be more expensive to rent.
4 . Computer Service Center
The Computer Service Center Industry in Nigeria With $100,000 in the financing, this business idea became a reality. However, I strongly advise you to spend at least $500k on all of the current computers and printers required for this lucrative business.
This firm was one of the greatest, if not the easiest, small business ideas to start in Nigeria before the widespread use of personal computers.
However, if this company is located in the right area, it could be considered one of the fastest-growing.
You may easily open a computer service center that provides services such as typing, internet access, computer repairs, and accessories, among others.
Many people look for these services, especially in areas where there are a large number of people with access to computers. Examples of such places include offices, businesses, schools, and government buildings.
Those are the places where you should focus your efforts.
Nigerian agriculture is ranked fifth. This is generally another location where you’ll spend less than a million naira.
All you have to do is go to places where farming is widespread, especially in areas with rich soil, such as Ondo, Edo, and Benue states.
You can rent land, have it prepped, and have it planted by yourself. Also, throughout the time coming up to harvest, keep a watch on the land and hence the crops.
After harvesting, the crops will be carried to towns where they may be purchased, where they will be more expensive.
All you have to do now is rent a truck to transport the crops.
All of this, from land acquisition to product delivery to towns, is frequently completed for less than 1,000,000 nairas.
Profitable income crops include cassava, plantain, yam, and bananas, to name a few.