Most people usually think generating income is subject to a large amount of capital to get a business going. That is very untrue.
Nigeria is in a recession and nobody's salaries are increasing. Everyday, the need to survive by generating income and thus mitigate the harsh effects of the country's situation become ever more apparent.
Most people usually think generating income is subject to a large amount of capital to get a business going. That is very untrue. There are some ventures that you can start without a huge sum of money and make some extra cash on the side.
With N15, 000 you can start a business venture that would help you get through the ever increasing prices of consumer goods and take care of your personal needs. Let's break it down:
1. Social Media Management.
Today is a digital world and Nigeria is the most mobile-forward country in the world. There is a market and there aren't enough people who know how to navigate it. All you need is an understanding of what catches people's short-spanned attention with a balance of basic human psychology. You can operate social media accounts and manage an entity's online presence, for a fee. The best part? You can do this on your good old smartphone. N5000 will get you enough data to get started.
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2. Web hosting.
Contrary to popular belief, web hosting in not actually that big a deal. Sites like ResellerClub and GoDaddy have web-hosting reseller programs that let you sign up and resell hosting and domain packages for a small fee. You get a free website with all the standard bells and whistles and be on your way to earning some extra cash. Again, you only need a good data plan and a laptop (maybe).
3. Recharge card sales.
This is probably the most underrated way to earn some extra cash. A lot of people are already buying credit via USSD codes, numerous apps and even Facebook Messenger, but even more people still need good old recharge cards. Even if you are interested in physical recharge cards, there are several bulk credit programs that you can take advantage of. There is definitely a market for a business of this nature - particularly because it's so ubiquitous. N15, 000 worth of recharge cards and good enough people skills and you're set.
It is important to note that, just like anything else, if you don't put in the work, your venture will most likely fail. Stay on your grind, apply yourself and get that bag!
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