In this article, you will find out about 20 small scale business with high profit potential which you can start up with just 1000 Naira.
Gone are those days where people wait until they have hundreds to millions of Naira in their accounts before they go into business.
Nowadays, with an acquired skill, you can start your business with nothing to something. Owning a laptop or desktop computer makes money very easy to make.
Read Also: 10 Tips To Succeed In Business In Nigeria
With your laptop and knowledge on how to operate and make use of vital applications, you can make a reasonable amount of money.
The internet alone has made a lot of millionaires and billionaires than a school certificate would make. The founder of amazon.com – Jeff Bezos, an online shopping site is currently the world’s richest man as at the time of this post. The richest man in china is also running an ecommerce site.
Uber, Taxify etc. all utilize the internet to reap huge benefits. You too can do this.
List Of 20 Business Ideas That You Can Start With N1000
1. Freelance writing
3. Event planning
4. Event hosting
5. Affiliate marketing
6. Tester or reviewer
7. Application developer
8. Website developer
9. Internet security consultant
10. Graphics designing
11. Business plan designer
12. Informational product creator
13. Resume writer
15. Editorial services
16. Online photo selling
17. Call center representative
18. Travel planning
19. Computer training
20. Personal chef
1. Freelance writing
Freelance writing simply involves the act of writing articles for publication either on a website, blog, newspaper, magazine or any media, for a fee.
Personally, freelance writing has been earning me some bucks for months now. It is easy to start up with and requires little to no capital at all. As long as you have the required tools and skills, you can earn any amount of money you want.
There are tons of websites in need of freelance writers, you can look them up online, signup for one and start making your money. Freelance writing requires a laptop or desktop computer and an internet connection.
Having a laptop is not a must, you can use the cybercafé to compose your article. Writing a new article in a cybercafé takes time and requires preparation and inspiration.
There are some android applications such as the Microsoft word, WPS Office etc. which you can use to write your articles so that when you get to the cybercafé, you only need to make few edits if any and then upload them. Those android apps can be found in Google playstore.
2. Affiliate Marketing
Affiliate marketing is one of the cheapest way of making easy money online. It involves helping a company or seller to sell their product while you get paid some commission for every product sold.
For example, if you signup as an affiliate marketer for jumia or konga, any product from jumia or konga you help to sell e.g. android phone, you will be paid some money for helping them to sell it.
If an android phone was sold for N50, 000, you might receive N500 or more for helping them to sell it. When you sign up for an affiliate marketing job, you will be given a unique ID and URL which links to the primary website (i.e. jumia or konga).
All you have to do is go to jumia’s website, pick any product of your choice maybe Samsung Galaxy S8, then write a detailed and honest review on it, include your unique link which customers can click on to buy and then publish your review on a website, blog or social media such as Facebook, twitter, Instagram etc.
Anyone who clicks your link and purchases the Samsung Galaxy S8 will earn you some commission.
There are lots of kids, teenagers and even grownups who need help in their academics, there are thousands of parents who are ready to hire a private tutor for their child in order to help boost their academics performance.
Many students get back from school confused on whatever was taught, the intervention of a private tutor is what they require at this point.
Being a private tutor requires just your transport fee to where the student resides as capital. It also requires your knowledge in those subject which the student is experiencing difficulties.
Private tutoring has the added advantage of allowing you to go about your normal business. It can be done three to four times a week in a three hour time-frame.
You can go ahead and make this get bigger if you own a hall or have the capital to rent one, this way, you won’t have to move about and you will also have many students to tutor too. In the absence of a hall, just stick to the home tutoring after all, Rome was not built in a day.
4. Event Planning
In Nigeria, weddings, conferences, seminars and birthday parties takes place almost every day within the various states in the country.
With the establishment of this empirical fact, you can go ahead to use it to your advantage. Event planning as the name implies, involves putting things in place and overseeing the success of an event.
As an event planner, your work is to get different vendors of those things required for the event. These might include: location, catering service, canopies and chairs, decorators, security agents etc. the money required for these will be given to you by the host, your very own job is just to put things in place and make sure that the event goes well.
5. Mobile Application Developer
If you are well vested in developing android apps, then you are on your way to riches. Many companies, banks, hotels, websites, blogs and many other organizations now require the service of an android application.
You can help them create these applications and get paid handsomely for it.
6. Website Developer
Just like application development, you can create and maintain websites for companies, individual, organisations and get paid for it. It does not require more than N1000 as long as you have the knowledge and tools already.
As a translator, you can earn a huge amount of money in a short period of time. If you are a polyglot (one who speaks many languages) you can earn some money from it by being a translator of one language to another.
How much you earn from this depends on the company you are working for but the pay is always good.
8. Event Hosting
You must have been to a wedding, birthday, or any other gathering. You must have seen that man or woman who did the talking, introduction and hence kept the audience lively. Some call them master of ceremony or MC.
If you are a good public speaker, a comedian or comedienne or just anyone who is good at talking and keeping the audience lively, you can opt for the work of an event host or MC. With N1000, you can successfully pull this job off.
9. Tester or Reviewer
This bears a resemblance to affiliate marketing in that both involves the writing of reviews. Unlike affiliate marketing, you won’t have to help them sell the product, your job is just to help write the review and maybe publicize them.
Some companies pay people to write reviews on their products and help to publicize them. You can write a review on a refrigerator for example, and then publish it on your website or social media account.
10. Internet Security Consultant
If you are good with programming and related stuffs, you can help protect a company’s database or system from hacking, data leakage, virus etc. and get paid for it.
11. Business Plan Designer
This involves designing a good and feasible business plan and selling them or getting paid to do so.
12. Graphics Designing
Church programmes require flyers and banners, companies also send out flyers and others, as a graphic designer, your job is to help them design these flyers and banners while you get paid for it.
13. Resume Writer
As the name implies, it just involves helping someone to write a resume while you get paid for doing it.
14. Editorial Services
You can earn money by providing editorial services such as copywriting, ghostwriting, proofreading, magazine and newspaper article writing, web content writing, editing, indexing and book writing. You only need to get the clients and up you go.
15. Informational Product Creator
If you are good at writing, inspiring, motivating or teaching, you can create these in form of an eBook and sell them online.
16. Call Centre Representative
As a call centre representative, you can work from home. All you need is a computer and phone line. Your work is to attend to customers complains or direct them to the appropriate personnel.
17. Personal Chef
Your work as a personal chef is to plan for and prepare meals for your client while you get paid for it. Some clients may provide accommodation while some may not.
18. Online Photo Selling
This involves selling your photos online. If you are a photographer, you can take good pictures of nature, artifacts, tourist centres, and other materials and sell them online in websites such as Gettyimages.com or Flickr.com.
19. Computer Training
This is still part of tutoring, if you are good with computer usage, you can impart your knowledge on those in need and get paid for it.
20. Travel Planning
Just like event planning, your work is to make sure that the travel goes well. You plan for their accommodation, food, cars, tours, and other activities and get paid for it.
Example is when company workers go on a trip.
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