It is quite unfortunate that nowadays, it has become the responsibility of the teeming population of youths to create jobs for themselves. They graduate from school, unsure of what the future holds for them in terms of gainful employment. In recent times, it is not uncommon to meet a graduate who has been searching for paid employment for as long as seven years post university graduation.
In quite a lot of cases, those who are fortunate enough to secure a job receive below-average wages. Out of desperation, some have had to engage in jobs they are overqualified for. A majority of the people are in irregular employment, most likely in the informal sector. This is in line with a report released recently by the International Labour Organisation, which reveals that youth unemployment in most countries, especially the developing ones, is close to its crisis peak.
To steer clear of the obvious negative implications of the above development, more and more Nigerian youths are getting wiser – they are getting off the queue of those depending on the government or private employers for the few available jobs. And the good news is that Nigeria is a land of great opportunities, especially for those who are willing to take the plunge. This class of youth are embracing one line of business or the other, and they are making a decent living out of it.
However, a good number of others are very much at loss as to what to do, how to do it and where to get the funds from, considering the fact that raising capital from Nigerian Banks for small businesses is a tough task. Here on Bizwatchnigeria, we present some few sure startup business ideas that do not require bank-breaking capital and are easy to start.
Due to technological advancement and the fact that many organizations are trying to be ahead of competition, Website Designers have become so much needed by corporate organizations, government agencies and NGOs, which are willing to pay quite much to get their websites designed. Some are also looking for website developers because of the need to constantly keep their sites updated and functional.
A website designing course can take a week or two, and you can get trained for as low as N20, 000. Then, if you are well grounded in internet activities, you can further the training yourself by looking up online for free software that can guide you better. You can charge an upward of N10, 000 for designing a website, depending on the type of website and who your client is.
Recharge Card Vouchers Printing and Selling
With a population of over 174 million people and mobile telephone subscription of over 120 million active lines, recharge cards have become one of the fastest selling products in Nigeria. This makes any business bordering on mobile telephony a lucrative one. The good news is that you can start your own recharge card printing business. The printer costs about N38, 000, and you can start printing with Pins from N20, 000, and sell for all networks. That way, you will never run out of recharge cards or experience scarcity.
Computer Class Instructors
It is no longer news that computers and computer-based systems have become part of everyone’s life, not only at the workplace, but in the home as well. They are part of our jobs and also part of our entertainment. Everyone now needs some sort of computer training. You can build a business around that. You can even start computer classes that can be offered at home to those who are in need of your services, whether they are old or young. You could start with two fairly-used computers that are in good conditions. Setting up all these should not cost you more than N50, 000, and you can be sure of expansion as time goes on.
Event and Party Planning
If you have been complimented so many times on your parties, you may just be good enough to be a party planner. This is a business that cannot fail if you are good at it because it is a well-known fact that Nigerians love parties. All you need do is get some training and equipment, depending on how large you want the venture to be. Once you start, you can charge from N15, 000 to N200, 000, depending on the size of the party. If you do at least two parties in a month, you will be making a comfortable living.
Poultry farming has become one of the most lucrative types of livestock farming because of the great business opportunities that lie in it for entrepreneurs. As a matter of fact, it is increasingly providing employment for many job-seeking citizens. Chicken is one of the major sources of animal meat in the country. With as little as N20, 000, you can start the business. All you need to do is to get a good location, buy healthy birds and get them good feed and vaccination. This is a lucrative business because you gain in two ways: you sell the eggs as well as the meat. A full crate of eggs sells for about N500, while the chicken itself could be sold for between N1, 500 to N2, 000. You could even try quail farming, which is even cheaper, easier and more lucrative.
Party Equipment Rentals
Renting party equipment has become big business in Nigeria, as canopies, chairs, stage platforms, ice blocks and drums, cooking utensils, table cloths and other party equipment are in hot demand by party organizers. There is hardly a weekend without a party in most cities in Nigeria. All you need do is find out the fees charged for items and for how long. Then you should investigate the cost of making or buying some of these items. How much you make depends on the number of customers you have. A dozen of plastic chairs is currently being rented out at the rate of between N300 to N400 per dozen, while double canopies go for about N800.
Bead and Wireworks Making
Beads and wireworks are jewelries that are trending now, as so many women, including socialites, now tend to prefer them to other types of jewelries. As a result, many discerning ladies are venturing into the business, churning out adorable designs and making good returns from the business. A two-month training for this craft costs about N20, 000. After the training, you can start raking in money, depending on the type of beads you do. For example, there are beads of N1, 000, while there are those of even N80, 000 and above. The amount you make depends on your expertise, creativity, the types of beads you use and your customers.
There are many people who work in offices and find it difficult to go out to the market to buy things like Wrist Watches, Shirts, Ties, and Perfumes. You can help them do the shopping and deliver it to them. If you are honest with your business and charge reasonably, you may even get much bigger contracts from there. About N50, 000 will do well in this type of small business in Nigeria and you will smile at the brisk business you will be making.
Plantain Chips Making
Take a look around the streets, most especially in hold-ups, and you would see different brands of Plantain chips. The fact is: they sell very fast because people like chewing stuffs, especially when they are on transit. So, if you start the business of producing and supplying chips to shops and hawkers, you would make good money. The major things needed are a big frying pan which goes for about N3, 000; a sealing machine, which goes for N15, 000; and nylons and labels, which cost about N2, 000. With these, you are good to go.
People want to beautify their homes and offices, but not all have the time. This job not only brings in money, it also gives you the avenue to explore your creativity in making homes and offices more beautiful and comfortable. It is a business you can start with very little capital, from the comfort of your home. Just learn the basics and find clients, and then you can start. As an interior decorator, you would meet a lot of people, and if you do your job well, they might refer you to other clients. This way, your business grows bigger and better.
These business ideas and many more which were not mentioned here are churning out a new class of entrepreneurs, mostly educated young people, who prefer to run their own businesses rather than waste their time waiting for nonexistent jobs. And they are the better for it!