WATCH THE VIDEO HERE In a world where financial constraints often hinder entrepreneurial pursuits, Olanrewaju Salu, a prominent Lagos-based realtor and entrepreneur, shared his ideas on business opportunities that require minimal capital investment. With just N20,000, people can embark on a journey towards financial independence by delving into these diverse ventures tailored for the Nigerian market. Let’s delve into each of these promising business ideas: Venture into the realm of textile entrepreneurship by sourcing quality materials from markets like Lagos Island or Oshodi. Collaborate with local tailors to transform these materials into coveted bedsheets and beddings, offering a lucrative avenue for growth. Harness your creativity or learn tailoring skills to craft stylish shirts. Materials are readily available in markets like Taiwo Street, Lagos Island, offering ample room for profit margins through strategic pricing and marketing. Tap into the demand for affordable men’s underwear by sourcing products from markets like Aba and packaging them for resale. Leverage social media platforms for marketing, capitalizing on the power of online networks to boost sales. Facilitate electronic transactions by offering POS services in areas with limited banking infrastructure. Harness the potential of online banking to streamline payment processes, providing convenience for customers while generating steady income. Explore the thriving market for mobile and electronic accessories by sourcing products from global platforms like Alibaba or AliExpress. Capitalize on bulk purchases to maximize profit margins, leveraging online marketplaces for sales. Invest in a popcorn machine and essential ingredients to cater to the ever-popular snack market. Target high-traffic areas for maximum visibility, enticing customers with the irresistible aroma of freshly popped corn. Cater to football enthusiasts by offering customized jerseys for their favorite teams. Collaborate with suppliers and leverage social media for marketing, tapping into the passion of sports fans for sustained business growth. Embark on a journey into agribusiness by venturing into snail farming. While requiring patience due to the lengthy maturity period, snail farming offers a sustainable source of income with minimal startup costs. Curate a selection of quality second-hand goods sourced from locations like Badagry or Cotonou. With strategic marketing, these items can fetch substantial profits, appealing to budget-conscious consumers. Address the demand for cleaning services in urban areas by offering professional cleaning solutions. With minimal equipment and a dedicated work ethic, entrepreneurs can capitalize on this essential service sector. Tap into the burgeoning food delivery market by offering home-cooked meals to busy individuals. Cultivate a loyal customer base through exceptional culinary skills and personalized service. Harness the power of digital platforms to offer marketing services to businesses seeking to expand their online presence. With a modest investment in technology and a passion for marketing, entrepreneurs can carve a niche in this thriving industry. Explore the art of baking by offering delectable cakes and confectionery delights. With the right skills and customer service, this business venture promises sweet returns for passionate entrepreneurs. Delve into the world of traditional Nigerian attire by specializing in Aso-Oke beading and stoning. With creativity and attention to detail, entrepreneurs can cater to the demand for custom-designed garments. Unleash your creativity through bead making, offering unique designs and styles to discerning customers. With minimal startup costs, this business venture holds promise for individuals with a flair for craftsmanship. Provide convenient grooming services to clients in the comfort of their homes, leveraging rechargeable clippers and essential grooming equipment. With flexibility and professionalism, entrepreneurs can build a loyal clientele. Monetize your expertise by offering tutorial classes in subjects you excel in. Whether part-time or full-time, this venture offers a rewarding opportunity to impart knowledge and earn income simultaneously. Bridge the digital divide by offering internet services to underserved communities. Whether assisting with online applications or providing internet access, entrepreneurs can earn income while facilitating digital inclusion. Cater to the diverse culinary preferences of consumers by offering a range of homemade delicacies. With creative branding and strategic marketing, entrepreneurs can tap into the lucrative food industry. Tap into the demand for personalized greeting cards by offering hand-made creations. With artistic flair and attention to detail, entrepreneurs can transform paper and board into coveted works of art. In conclusion, the entrepreneurial landscape in Nigeria offers a myriad of opportunities for individuals with limited capital but boundless ambition. By leveraging creativity, innovation, and strategic planning, aspiring entrepreneurs can embark on a journey towards financial independence and business success. Olanrewaju Salu’s insightful business ideas serve as a testament to the limitless potential awaiting those willing to take the leap into entrepreneurship.1. Bedsheet/Beddings Production
2. Shirt Production
3. Sales of Men’s Underwear
4. E-Payments and POS Business
5. Mobile and Electronic Accessories
6. Popcorn Machine
7. Sales and Customizing of Football Team Jerseys
8. Snail Farming
9. Fairly-Used Goods
10. Cleaning Services
11. Home Cooking and Delivery
12. Digital Marketing
13. Cakes and Confectionery
14. Aso-Oke Beading and Stoning
15. Bead Making
16. Home Service Barber
17. Tutorial Classes
18. Internet Services
19. Production of Zobo, Smoothies, Cocktails, Small Chops, Cupcakes, and Chinchin
20. Production of Hand-Made Cards