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  It’s true that a large portion of Nigeria’s working population consists of entrepreneurs. Millions more would love to run their own businesses. But most of them are held back by one factor: they don’t have enough money to start a potentially profitable venture. Or so they think.
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In reality, you don’t always need deep pockets to set up a business. If you’d like to build your own enterprise and you’re concerned about not having enough to do so, you’ll find this article helpful. Here, we’ll take you through ten businesses you can start with no capital.

Real Estate Agency

Real estate agents make their money by helping property owners to find buyers or renters for residential, commercial or industrial spaces. They get a commission for every successful deal they seal. All that’s needed to launch a successful real estate agency is a decent knowledge of the property market around the district or city you’re looking to do business in, and the ability to network, sell, and build relationships.


If you have a deep knowledge of one or a few subjects and you’re also great at teaching, you could earn from being a tutor. You may land your first few customers by informing your contacts about the service you offer. They will either refer others to you or take lessons from you themselves. There are online platforms you can sign up on (for free) which could connect you to people who intend to learn a subject you teach and pay you for your services.

Content Writing

There’s a lot of demand for content these days. That’s because website owners and administrators realize that good content helps them attract, communicate with, and retain visitors and customers. A brilliant writer can build a business around providing blog posts, website content, white papers, case studies, and more. A computer and your creative mind are all you need to get started.

Book Keeping

Businesses typically hire accountants and bookkeepers to work in-house. But if they can’t afford to retain one, they may outsource accounting and bookkeeping to a freelancer. If you are a qualified accountant, you can help micro and small businesses manage their financial records for a fee. This will usually involve you using tools like Excel or Google Sheets, and accounting software. Of course, your knowledge comes in handy here as well.
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Affiliate Marketing

An affiliate marketer makes money by getting people to purchase products from an online store. The pay they receive is a commission on such purchases. So, if a person buys a laptop online via a link to an online store that you have shared, you will get a percentage of whatever the buyer paid for that laptop. Most affiliate marketers who earn a healthy sum from their marketing efforts do so by running a blog and using affiliate links in their blog articles. But if you don’t have the funds to run a blog yet, you can begin by building a significant social media following and sharing your affiliate links in your social media posts.

Graphic Design

People with an artistic bent can earn a fair amount of money as graphic designers. They can create designs for online and offline use, ranging from web banners and social media graphics to branding themes for clothing and vehicles. All you need for this is a computer and a design tool to create your graphics, as well as your aesthetic senses.

Website Development

Web developers build and maintain websites. It’s easy to see why this business should generate a fair amount of money for anyone who’s involved in it. More individuals and organizations want a robust presence on the internet, and a website gives them some of that. If you want to become an independent web developer, you’ll have to learn to code. Once you’ve gotten some training and mock projects under your belt, you’ll be ready to begin fashioning websites for clients.

Computer and Phone Repair

These days, every other person owns a mobile phone. A significant number of people (and businesses) have and use computers too. When these devices go bad, they have to be repaired. If you’re really skilled at fixing them, you’re unlikely to ever run out of customers.

Digital Marketing Agency

Individuals and businesses looking to communicate with the world often want to do that through digital channels—social media, Pay Per Click advertising, websites, videos, and emails, among others. So they turn to people who are experts at using these channels—digital marketers –for help. With a thorough knowledge of the major digital environments, you can earn a steady income from enabling clients to reach out to their target audiences.
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Drop Shipping

Drop shipping involves delivering goods directly from a manufacturer to a buyer. That is, you’ll take orders from buyers, source the products they need from their manufacturers, and make them available to the buyers. This comes at no extra cost to you because you don’t have to maintain a store in which you’ll keep undelivered goods; you only request them from manufacturers when there’s an order from a ready buyer. If you do not have the funds to run this business via your own website, you can start out on Instagram.

Final Words

The ideas we’ve examined in this article are proof that you don’t need hefty sums of money to set up a business. If you’re short of funds, you can choose one of them and kick things off. With smart planning and execution, you’ll make a success of it.

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This article was first published on 6th May 2023


Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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