LISTS OF SMALL BUSINESSES YOU CAN
START WITH LITTLE OR NO CAPITAL
It is becoming
increasingly difficult to make ends meet with just one income source. Thus more
and more people are investigating the possibilities of starting their own extra
income home business. Most of these part time endeavors are started and
operated from the comfort of their homes.
Before you start: the
first thing you must do however is some basic market research. Find out for
yourself, first-hand, just how many people will be interested in your proposed
products or services, and would be willing to stand in line and pay money for
it.
This is known as defining
your market and identifying your prospective customers. If after checking
around telling people about your ideas, with a whole lot of people over a period
between 1 – 3 weeks, you get the idea that these people would be paying
customers; your next effort should be directly towards the “detailing” of your
business plan.
IF
CRAFTING A BUSINESS PLAN WILL NOT LET YOU KICK-START A BUSINESS, I WILL TRY AS
MUCH AS POSSIBLE TO GIVE A STEP BY STEP GUIDE TO WRITING A BUSINESS PLAN AND
ALSO GIVE YOU SAMPLE OF A BUSINESS PLAN I DEVELOPED.
The more precise and
detailed your plan covering all the basis related to how you will do everything
that you needs to be done- the easier it is going to be for you to attain
success. Such a plan show your start-up investment needs, your advertising
plans, your product costs and procedures, your sales program, and how your time
would be allocated.
Too often enthusiastic
and ambitious entrepreneurs jump in on an extra income project and suddenly
find that the costs are beyond their abilities and the time requirements are
more than they can meet.
It pays to lay it all
out on paper before you get involved, the clearer you can “see” everything
before you start the better your chances for success.
Have you always wanted
to become your own boss and take control of your time, work at home using your
spare room/space, backyard or your one room apartment as an office and residential
but never had a clue of money making ideas to pursue your dream? You do not
have to wait for manners to fall from heaven before you take first step to
financial liberty, just one of these money-making idea can be your blueprint
for success. The list is not exhaustive but I believed you can pick an interest
in one or two of the businesses listed
1.
CONSULTANCY
SERVICES: - This is the foremost of the small businesses one
could ever think of; one can basically consult on almost anything and
everything. Just think of any special skill in your possession and pronto, you
can make a reasonable income from it. E.g. marriage counseling, business
consult, legal consult, property consultancy, educational consults media
consultant, etc. One do not have to possess any capital to start consulting, just
some contacts on your phone, email addresses and referrals from family and
friends, you are good to go.
2.
RESTAURANT:
- No matter how poor people may be, food still remains the number one basic
necessities of life before clothing and shelter. If you can do it right, it’s
one of the surest way to crossing the poverty line. If you are still in doubt,
please visit Equal Right in Somolu, Amala Sonola in ogba Aguda, Ewa-Agonyin
palace in Unilag etc. With a capital between N50K – N100k, you should be making
a residual income from it.
3.
FASHION
AND TAILORING SERVICES: - From time immemorial fashion
business has been dynamic and ever present. From Paris to New-York, Milan to
Lagos, Beijing to Joburg, fashion statements defies national/ethnic boundaries.
Different occasions demand special outfits, one easily take advantage of the
trend in fashion consciousness of the people to earn a decent living.
4.
REAL
ESTATE AGENCY: - By finding properties for
prospective clients, you perform a valuable service for both landlords and
tenants. Advertise that you have listings available for houses, apartments,
flats, rooms, offices, etc. You can either charge a one-time fee for finding
accommodations or work on a commission. In this line of business, capital or
professional qualification is not really required as a start-up, just have the
right information.
5. RENTAL BUSINESS:
This has mushroomed into an attractive new business opportunity. People like to
borrow, do-it-yourself rent professional equipment. Many people are doing well
these days by acting as rental agents for all manner of things - power tools,
trucks, cars, electric generators, etc.
6. LAUNDRY/IRONING SERVICE /CLOTHES
CLEANING: Everyone has dirty clothes for laundry and ironing,
but many of us do not have the time to do it all, this is where you would come
in and make money by doing all the laundry, especially areas where power supply
is erratic. If your backyard is large enough to store all the clothes, sort the
clothes and start making money, then this business could just be for you. With
a capital between N20K – N100K this business could turn you to a millionaire
over a period of time.
7.
HOUSE CLEANING
SERVICE: Many home-owners and apartment dwellers will welcome help at
"house cleaning'. Charge a flat fee for the amount of work that must be
done. Make arrangements with firms that provide workers for washing windows,
cleaning carpets, washing walls, painting, etc. and collect a commission from
them. Tell your friends and family who are moving to a new house or changing
offices, with the help of flyers or handbills you could reach out to a large
audience.
8. MAKE
AND SELL CUSTOMIZED JEWELLERIES AND BEADS: Home-made costume jewellery sells,
sell directly to jewellery outlets, gift shops, hairdressers shops, clothes
boutiques, and by direct mail. It is possible
to start with limited capital of N5K- N20k.
9.
GAME
CENTERS: The game center concept is good both for those who
have jobs and those who want full time involvement. A game centre is a place
where people mostly young come to play computer basic games like play station,
Nintendo, Atari, etc. You will also provide avenues for refreshments like ice
cream, snails drinks etc. Gaming centers charge customers who come to their
centers between N100.00 – N500.00 depending on the area, and the types of
customers you are dealing with. If you start small, you can make between N5k –
N20k per day. There is a classical game center at Mende by Maryland, it is
built with a portal cabin and looks beautiful as well
10.
FISH
FARMING: If you have been contemplating on a small business
and haven’t heard about fish farming, then you are missing something. Over the
years, quite a few people have made fortunes from fish farming; as the population
is swelling and protein needs are far outstripping the available supply, fish
meal is always a winner if done well. Fish farming is a sure bet business if you
put the right structures in place. More and more people like fish due to its
low cholesterol protein, All you need do is to get a space, buy or construct
tanks, buy finger lings for between N10 to N20 and feed them for 4 to 6 months,
then sell from between N1500 to N2000 depending on weight and size. But you
need to have a basic knowledge of fish farming to start this.
Please visit this site as often as possible to get more business ideas as i update them.
