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8 Profitable Business Ideas To Start With Low Capital in Lagos 2023

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8 Profitable Business Ideas To Start With Low Capital in Lagos 2023

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8 Profitable Business Ideas To Start With Low Capital in Lagos 2023

Are you a Lagosian looking for a profitable business with low capital to start? if that’s the case, then you are at the right place as we will be walking you through top profitable businesses you can start in Lagos with low capital, so keep reading.

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.

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.

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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.

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

8 Profitable Business Ideas To Start With Low Capital in Lagos 2023

1. Event Planning

Event planning is profitable and does not require a large investment to get started. The most popular word for parties in Lagos is “Owambe,” and Lagos residents take their Owambe seriously.

Lagosians can party every day of the week. And who do you believe organizes these events? Your guess could be as accurate as mine. Event planning is another excellent business concept. You can start your own event-planning

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2. 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 people’s stomachs, and it is a given that people must eat in order to replenish their energy.

If you don’t have a lot of money, there are a few alternatives. You could start selling food online. As an online food vendor, you will need to create a menu that you will post on social media platforms. When people make their choices and pay in advance, they use the money to buy food and prepare meals.

The other way to invest in food services is to start buying and selling raw food items, as well as selling cooked food to neighbors. You could also consider opening your own restaurant. It all depends on what you’re most at ease with.

business and assist others in event planning. These event organizers will not want to deal with the stress of event planning. You can do it and make a fortune. 8 Profitable Business Ideas To Start

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3. Kids Day-care

You will agree with me that residents of Lagos state are from the working class, which includes working mothers who have little or no time to care for their children due to the nature of their jobs.

You can capitalize on this opportunity by owning a high-quality, up-to-date daycare that meets the needs of parents. No parent will enroll their child in a daycare that is not up to standard for the child’s safety and well-being (ren).

4. Hair Styling And Sale Of Cosmetics

The second item on our list is hair styling, which is one of the most profitable small business ideas because Lagosians are known for being fashionable. They can take advantage of this service. You can open a unisex saloon and groom the men while styling the women. Cosmetics can also be sold on a large or small scale.

5. Car Washing

Lagos is one of the most populous states in Nigeria, with over one million cars on the roads every day.

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Some roads are not in excellent condition. Most car owners do not have the time to wash their cars themselves, so they consider using a car wash.

One of the best businesses you can start in Lagos is a car washing business. You could also collaborate with a restaurant owner. It will make the job easier.

6. Dry Cleaning Service

Another profitable business that does not require a large investment is dry cleaning. You could open a dry cleaning shop or a laundry mart to serve the working class and people who don’t have time to do their laundry. Make it comfortable and even offer add-on services to make it a one-stop shop.

7. Clothing Business

Everyone, regardless of social class, wears the clothing. Clothing is worn by the working class, students, the wealthy, and even the poor. This business should thrive because people in Lagos buy clothes on a daily basis. It all depends on where your company is located. You could either open a store or go into the mobile clothing business.

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Getting into tailoring is also a good idea. Most new schools will require uniforms, and you might be lucky enough to land a contract with one of them. Furthermore, many people now prefer ready-made garments to avoid all kinds of disappointment from tailors. You can make the clothes yourself or hire a professional tailor to do the work.

You may also want to read How To Easily Access CBN MSMEDF Loan 2023 (Full Guide)

8. Bar Business

Certainly, many people will want to unwind after a long day of work and traffic in Lagos.

This is a major issue, and your bar services could help to solve it. You have met their need by providing them with a place to relax and unwind. It all depends on the services you want to provide. Depending on your financial situation, you could begin large or small.

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Conclusion

Lagos state has proven to be a better place to begin your entrepreneurial journey, and there are numerous businesses that anyone in Lagos can start. However, the aforementioned few have proven to be extremely profitable and do not necessitate a large investment.

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