6 profitable business ideas you can start without spending a dime

Starting a business does not always require a large investment. By leveraging your existing assets and skills, you can create lucrative opportunities with spending a dime.

Whether you are looking to supplement your income or start a new venture, here are six profitable business ideas that leverage your existing resources and skills without requiring upfront costs.

Rent your car

If you own a car that you do not use all the time, consider renting it out. This business model allows you to earn money from your vehicle instead of sitting idle in your driveway. With minimal setup, you can list your car and start earning cash by renting it to people who need a vehicle temporarily.

Rent a spare room

If you have an extra room in your home, renting it out can provide a steady stream of income. This is especially profitable if you live in a popular tourist destination or near major events. You can list your room for short-term stays and enjoy the flexibility of renting it out as often or as little as you like.

Read also: Generational wealth: The story of Nigeria’s family businesses

Sell used items online

If you have neatly used clothing, accessories, or household items you no longer need, consider selling them online. Platforms like Jiji.ng allow you to list items such as dresses, wigs, shoes, and electronics. This not only helps you declutter but also turns your unused items into cash.

Rent out your tools and equipment

If you own tools, appliances, or equipment that are hardly used, consider renting them out. Whether it is a lawn mower, generator, or camera, platforms your local community groups can help you connect with people who need these items temporarily. Additionally, if you own coolers for parties, renting them out can be a great business idea. Many people host events and need coolers to keep drinks chilled, making this a valuable service in your community.

House cleaning services

Many busy families in Nigeria are looking for reliable house cleaning services. If you enjoy cleaning and organising, consider offering your services in your local community. You can start with friends and family and grow your clientele through referrals and local advertising.

Tutoring services

With the education system in Nigeria placing a strong emphasis on academic success, tutoring is a highly sought-after service. If you excel in a particular subject, offer your services to students preparing for exams like WAEC or JAMB. You can promote your services through local schools, community boards, and social media.