10 Lucrative Home-Based Businesses with Low Startup Costs

Estimated read time 5 min read

10 Lucrative Home-Based Businesses with Low Startup Costs

The world has become a global village, and you can conduct business and even seek clients for your business from the comfort of your home. In this article, we will be looking at some businesses you can start right in the comfort of your own house.

One thing you should keep in mind is that these top 10 business ideas have the potential to make you rich if you adhere to the modus operandi of growing them into a mega enterprise. You must also know that becoming a millionaire is not a sudden thing, so you must be prepared to put in the work and grow the business to a point where it takes care of your bills, and you can make a living out of it.

In a nutshell, it takes time to grow a business, so don’t expect to start making five figures immediately after getting into this business. Having said that, consider the following 10 lucrative home-based businesses you can start in your living room:

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1. Recharged Card Printing Business
Recharge card businesses have proven to be a lucrative venture for people to make a living in Nigeria. This business is not capital-intensive, so you probably don’t have any reason not to start this business. Also, you don’t require a shop to run this business, meaning you can operate this business from the comfort of your house. All you need is a computer, printer, and internet access.

2. Selling of Mobile Data
Another good business you can go into is selling mobile data for all networks. Now, why this business is good is that it is very flexible and less stressful. All you need is an internet connection on your phone and a little startup capital. The beauty of this business is that you have your customers right at the tip of your finger. You can start getting patronage using your WhatsApp to send broadcast messages to your contacts, telling them about your new business. You can also share the message of your new business on various WhatsApp Groups you belong to and start making good money.

3. Mobile Laundry
Did you know you can start a laundry business in your house without renting a shop? Yes, you can. I call it “MOBILE LAUNDRY.” All you need is a good iron, a comfortable table for ironing, and off you go. The idea of mobile laundry is for you to go around, collect clothes from clients, wash and iron them, and then take them back to them. This business works well if you have a car; this will cut down your transportation expenses.

4. Blogging
The business of blogging is not new; many people engage in it and make a fortune out of it, just like Linda Ikeji, who is very famous in Nigeria. She made her fame and riches from blogging. You can check my article on Understanding the terms “Blog,” “Blogging,” and “Bloggers” and their relevance and 4 Key things to know before setting up a blog to get started.

5. Running Facebook, Twitter, Instagram Ads
Did you know you can make money from running Facebook, Twitter, and Instagram Ads for other people? Well, this is very possible, and I will show you how. In case you don’t understand the term “Ads,” it means advertisement. So what I mean is that you can make money from running Facebook, Twitter, and Instagram advertisements for clients.

6. Managing Social Media Accounts
This online business works more for those who are social media enthusiasts. Celebrities, politicians, and high-profile personalities can pay you to manage their social media handles. Yes, it works, and they pay well. I can testify to this. Currently, I handle over 50 different social media accounts for clients. So you know, it’s not very difficult to handle social media accounts for clients, but you must know that it also consumes time. You may need a helping hand in the long run when you have so many accounts under your care.

7. Creating and Selling Social Media Accounts
Did you know people buy social media accounts? Assuming I was willing to sell you an Instagram account with 10,000 followers, how much would you pay? People pay as high as $100 for an Instagram profile with 10,000 followers. Now don’t get me wrong; I frown at people who hack and sell other people’s social media accounts. This article is for people who are willing to create social media accounts, manage them, and then sell them out for profit. Some people may not have the time to create and manage a social media account, so why not help them out by selling one of your accounts for money?

8. Fish Farming
Starting a fish business is another lucrative business some young entrepreneurs engage in and make a fortune. It is a business you can start in the comfort of your room; you don’t necessarily need a farm or fish pond. It can be done right in your living room. One funny thing about the fish business is that it is less expensive to start up, and it takes a shorter time for the fish to grow.

9. Poultry Farming
This involves rearing birds for consumption and selling. It is more technical in terms of setting up and running compared to fish farming. It is another business you can start right in the backyard of your house.

10. Mini Import Business
Most people don’t know you can import goods at a much-reduced price from China using Alibaba.com and AliExpress. Yes, this is true; for instance, you can import quality wristwatches that cost N1,500 from these websites and sell for N5,000 or more.

    I hope this list of 10 lucrative home-based businesses to start in your room with little or no capital was impactful, and you learned something from it. There is no time to waste; start something today. I am here if you have any questions. Use the comment box below. Thanks for reading.

    abelwealth https://abelwealth.net

    I am a disruptive creator with a strong focus and expertise in digital marketing, blogging hacks, strategy, make money hacks, business ideas, graphic designs and helping you build a sustainable business online. I have a passion for sharing the tactics, tricks, strategies, and tools to grow your online business, so you can focus on what matters and get the results you want

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