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Saturday, January 15, 2022

Untapped Businesses with Low Capital in Nigeria

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  • Are you looking for untapped business opportunities?
  • Are you looking for a business with low capital?
  • or businesses that are in high demand?

In this post, I will show you exactly the money-spinning businesses that you do and become super-rich.

Untapped Businesses with Low Capital in Nigeria

  1. Horticulture
  2. Food Crops Farming
  3. Farming Equipment Business
  4. Selling Ice Block and Drinks
  5. Dry Pepper Production
  6. Retail Business

1. Horticulture

crop woman taking care of plant
Photo by Ketut Subiyanto on Pexels.com

Horticulture is one of the most lucrative businesses that you should delve into. With little or no capital at all, you can make massive income from this agribusiness.

People who practice horticulture are really making it big today. In this age when people cannot spare time to plant and tend flowers again, you can stand in the gap and do it.

You will be surprised by how much you will make by just growing flowers because as long as people build houses and beautify their homes, flowers will be in high demand.

2. Food Crops Farming

Away from that, farming has improved greatly such that you can make millions from planting food crops in a tiny little space.

For a start, you don’t necessarily need a big plot of land to grow your green vegetables, potatoes, yam, pepper, maize, beans and other food items that we consume everyday.

For instance, you can grow these food items in small sacks in your small backyard. That’s the new style of farming now. It’s very easy and highly productive.

3. Farming Equipment Business

via Nairaland forum

You can start this type of business with just 500k and be twice richer in 6 months! As long as people continue to farm, selling farming equipment will remain a money-spinning business. And the good news is, farming isn’t dying anytime soon.

Selling Agrochemicals is a good start. Farmers need chemicals such as herbicides, pesticides, preservatives, boosters etc to experience smooth cultivation.

Of course, farming equipment like spraying pumps, harvesters, planters, cutlass, hand gloves, boots, can etc will be highly demanded during planting and harvesting periods.

So you see that losing your capital or not profiting is a myth in this business.

4. Selling Ice Block and Cold Drinks

Via Entrepreneur.ng

If you are still trying to figure out a hot business idea, then ice block production and selling cold drinks is the best business you should consider.

In an environment where there is poor electricity supply, selling iced block will surely thrive there. Because, people will need your ice block to keep their water and drinks cold.

In fact, you will make more money by selling to Retailers and “pure water” sellers who need mostly for their business.

If you stay in this kind of area as mentioned above, then not taking the advantage of poor electricity supply will be the greatest mistake you ever made!

5. Dry Pepper Production

I’m sure you haven’t considered selling dry pepper at all. This business is very cool, easy and highly profitable. Imagine white rice or jollof rice without stew or pepper, impossible, right?

Currently, dry pepper is in high demand in supermarkets, stores and shops across Nigeria. With nice packaging, you will go far in the business.

You can start a dry pepper business with a capital that is as low as #100,000. It is advisable to buy fresh pepper directly from farmers. Theirs will be less costly compared to those that are sold in the market.

You can then proceed with other production processes such as sun-drying, grinding, packaging after which your product is ready to hit the market!

6. Retail Business

love paper bags with sale text
Photo by Sora Shimazaki on Pexels.com

The retail business is one of the fastest-growing businesses in Nigeria. Thanks to technology and covid 19, people have now moved from traditional retail business to online retail business.

Apparently, the retail business is full of business opportunities. Currently, with a 1 billion dollar net worth, Jumia is the leading African retail business. So you see that this business is money-spinning.

All you have to do is to carve your own niche, set up a location, either physical or online, hire vendors and promote your products. It’s that easy.

Conclusion

In this day and age, poverty is only an excuse. With little or no capital, you can become insanely rich when you delve into untapped businesses and meet market demands. Really, there are business ideas you haven’t reasoned or considered yet. Man, dust your butts and put on your thinking cap, let’s make some moolah!

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