Top 8 Profitable Business Ideas To Start in Lagos With Low Capital

Top 8 Profitable Business Ideas To Start in Lagos With Low Capital

Are you residing in Lagos State and looking for a profitable business with low capital to start? if your answer is yes, then you are at the right place as we will be walking you through top profitable businesses you can start in Lagos, so make sure you read until the end.

Lagos State is the most populated state in Nigeria, with over 20 million people of diverse cultural heritage leaving in the state which makes it the better place to start your entrepreneurial journey.

You may also want to read 10 Profitable Business Ideas For Rural Area Residence

The atmosphere of Lagos is extremely conducive with good infrastructure to support the business people. Profitable business ideas that entrepreneurs can invest in are endless. Everyone in Lagos is considered a hustler, always doing one thing or the other to make money.

For yes now, Lagos has proven to be the center of entrepreneurship in Nigeria. below are profitable business ideas you can start in Lagos state.

Top 8 Profitable Business Ideas To Start in Lagos With Low Capital

1. Food And Catering Services

Food and Catering Services is one of the most profitable businesses to start in Lagos because you are dealing with filling peoples’ stomachs which is certain that people must eat in order to renew their strength.

There are a few ways to make this work if you don’t have so much money. You could become an online food vendor. As an online food vendor, you will have to come up with a menu you’ll post on social media platforms. So when people make their choices and pay ahead, you use the money to purchase the food items and prepare the meal.

While the other way to invest in food services is to start the buying and selling of raw food items, and also the selling of cooked food to people in the neighborhoods. You could as well step it up to owning your own restaurant. It all depends on what you’re really comfortable with.

2. Hair Styling And Sale Of Cosmetics

The second on our list is Hair Styling which is one of the most lucrative small business ideas because Lagosians are known for being trendy and fashion-conscious. They can benefit from this service. You can set up a unisex saloon grooming the men and styling the women. You can also sell cosmetic products on a large or small scale.

3. Event Planning

Event Planning is profitable and does not require much capital to venture into it. The most popular word used for parties in Lagos is “Owambe” and Lagos people don’t joke with their Owambe one bit.

Lagosians can party every single day. And who do you think plans these events? Your guess may be as good as mine. Event Planning is another very good business idea. You can start up your own event planning service and help others plan their events.

Celebrants of these events won’t really want to go through the stress of planning the event. You can take it up and earn good money from it.

4. Kids Day-care

You can agree with me that residents of Lagos state belong to the working-class division which includes working mothers that has little or no time in taking care of their kids due to the nature of their work.

You can capitalize on this opportunity by owning a very good and up to standard daycare that will meet the needs of parents. No parent will enroll their kids in a daycare that is not up to standard, for the safety and well-being of the child(ren).

5. Dry Cleaning Service

A dry-cleaning business is another profitable business that does not require much capital to invest in.  You could open a dry cleaning outlet or a laundry mart which would cater to the working class and people who do not have time to get their laundry done. Make it comfortable enough and even offer add-on services so it becomes a one-stop.

6. Car Washing

Lagos state is one of the most populated states in Nigeria and there are more than one million cars on the roads of Lagos daily.

the condition of some roads isn’t in perfect shape. Most car owners don’t have the time to wash their cars themselves so they nurse the thoughts of patronizing a car wash.

A car washing business is one of the top businesses you can start in Lagos. You can as well partner with a restaurant owner. It’ll make the work easier.

You may also want to read Top 8 Most Profitable Agriculture Business Ideas In Nigeria

7. Bar Business

Definitely, a lot of people will always want to chill off after a very stressful day coupled with the stress of work and Lagos traffic.

This is a huge problem and you could offer a solution with your bar services. Give them a place to relax and chill, by doing this you have been able to meet their need. It all depends on the kind of services you want to offer. You could start big or small, depending on the money you have at hand.

8. Clothing Business

Everyone wears clothes, no matter the social class you belong to. The working class, students, the rich, and even the poor all wear clothes. This business should move so well because, in a place like Lagos, people will buy clothes every day. It just depends on the location your business is situated. You could either set up a shop or you could go into the mobile clothing business.

Venturing into tailoring won’t also be a bad idea. Most new schools will need uniforms, you could be lucky to get a contract with one of them. And also, a good number of people prefer ready-made wears now to avoid all kinds of disappointment from tailors. You can choose to make the clothes yourself or hire professional tailors to do the work.

Conclusion

Lagos state has proven to be a better place to start your entrepreneurial journey and there are so many businesses anyone can start up in Lagos. But these few aforementioned has proven to be so profitable and doesn’t require so much capital.