The Covid 19 pandemic has done a lot of damage but it has also opened up opportunities for who think of new ways to adapt their skills.
Here are 5 low capital intensive businesses that you can move into:
1. Fashion Design and Styling:
Yes, we are just trying to recover from the pandemic and the pandemic is still showing it’s ugly head but people are gradually getting back to their daily activities and there would be a need for new clothes that matches people’s style and personality.
You can transfer your business-oriented skills to fashion design even if you don’t know how to design clothes or sew clothes. You can always employ designers to work with but you must have an idea of what the business entails. You can also brush up your skills by going to fashion school to learn about it or do it the streetway and actually learn all about the tailoring business and then incorporate it with fashion design knowledge and skills you can acquire.
You can also learn how to style from fashion schools or you intern with a stylist. You can also broaden your scope by learning about the psychology of colours and people’s personality.
2. Freelancing Services:
This ranges from services like graphics design, video editing, social media management, writing and even customer care services. There are companies accepting freelance services especially when they can’t afford having a full time doing the same role. There are also foreign platforms such as Fiver where freelancers can offer their services.
3. Real Estate and Construction
There are a lot of construction sites in Nigeria. The real estate business seems to be booming both on a small and large scale. You see places like Eko Atlantic City being developed and it is a sight to behold. That is however being done by companies with enough funding but as a small business owner, you can also compete because who doesn’t need a home.
There is an increase in people who buy houses and those who buy lands. Real estate ecosystem is big enough to accommodate other services such as construction, plumbing and so on. Who says that you can’t own a mini construction company that hires construction workers. The ecosystem is big enough to play in.
New business centres, schools, residential buildings, and private homes are being constructed and there are plenty of areas in which the real estate and construction services play meaningful roles. You can choose one and specialize.
4. Blogging and Media ventures.
We all know that earning from blogging takes time and patience but once the seed has germinated then you begin to reap. There are so many human angle stories, so many things happening in pop and high culture that needs coverage.
5.Phone Repair and accessories selling.
With the increase in smartphones in Nigeria, there is a tendency for more phones to get faulty. The phone repair and accessories is a small business that has its own market and who says it can’t be growing into the large venture.
People buy phone accessories every day and this accessory includes headphone, charger, power bank and battery.
These are some of the small businesses you can easily set up and I hope you found this writing useful.