How To Be Self-Employed With No Money – If you are thinking that you cannot be self-employed if you don’t have a startup capital then you have been wrong all along. There are a lot of way you can be self-employed even when you don’t have a dime on you. You don’t have to collect loan or look for angel investors to start up these businesses we will be talking about in this article.
Presently in Nigeria, a lot of people are now seeing self-employment as the real deal especially the youths and with the great importance of self-employment like flexibility, working for multiple clients, independence etc. a lot of them now prefer it to working under an employer.
Also, the unemployment rate in the country has pushed a lot of people to starting up their own businesses and some of these people started this with little or nothing and today, they are successful.
Being self-employed offers you the opportunity to be your own boss, work for yourself and be a part of your own plan instead of someone else’s plan and the good news is that you can actually do this even if you don’t have money to start up.
You can become self-employed on either a part-time or full-time basis depending on the kind of business you want to do and also how you can balance a full-time job and a side hustle.
So if you are tired of working under someone and you want to become your own boss or you want to maintain your full-time job and still have an extra source of income then this article is for you. You will have to read through this article to get information that will help you to become self-employed with no money.
In this article, we will be looking at:
- What is self-employment?
- Qualities of a self-employed person
- Benefits of being self-employed as a youth
- How to become self-employed with no money
- Self-employed jobs you can start in Nigeria with no money
So take your time and read the article carefully so you don’t miss out on any information.
What Is Self-Employment?
Self-employment is the act of working at your own convenience and working for clients instead of an employer who puts you on a consistent salary or wage. Self-employment is now getting a popular remark and audience in Nigeria as the situation of the country and the unemployment rate has pushed a lot of people to become self-employed instead of waiting for a 9-5job that is not forth coming; it has been seen to be of great help.
When you are self-employed, you are working for yourself; you find your own work rather than being provided with work by an employer.
A self-employed person is an independent worker that conducts business or professional activities for his or her own benefit. The mixed economy of Nigeria has created room for self-employment and entrepreneurship. Individuals have been given the opportunity to assess resources and make a living out of them. Self-employed jobs could be freelancing jobs, independent contractors, business owner, real estate and insurance agents.
When you are self-employed, you have a contractual and close relationship with the person you work for. You do not work under any rule as you are fully independent and free to make decisions on your job, activities and life. You tend to generate your income directly from the consumers of your service or product.
Qualities Of A Self-Employed Person
If you want to be successful at being self-employed, there are some qualities you will have to possess to help you weather through some challenges. Some of these qualities are:
- A self-employed person sees solutions where others see problems
Most successful entrepreneurs see solutions to many problems. They see problems as opportunities. To be self-employed, you have to be able to see problems as opportunities to make out something for yourself. You shouldn’t get frustrated rather look for possible solutions to the problems you encounter.
- A self-employed person is creative
Creativity is your ability to think of new ways to do something. It is your ability to look for modified ways to solve problems. A self-employed person is a creative thinker. For you to develop different streams of income, you have to explore ideas; generate possibilities and look for modified ways to address a challenge. As a self-employed person without consistent salary, the way you live depends on the effort you put into your business or work.
- A self-employed person is innovative
To be self-employed, you have to be able to generate ideas. There is a drive to sort for information and bring something out of nothing. You cannot choose to be self-employed and not be able to see opportunities and ideas. This is the basis for being self-employed. You have to be smart in identifying opportunities and develop ways of making use of the opportunities to your advantage.
- A self-employed person is hard-working
You should know that your hard-work is the key to your success whether employed or self-employed. But the fact that you are working for yourself should make you to work harder because the more work you do, the more money you get. You are responsible for the choices you make so it is important for you to make and take the right decision and work hard.
- A self-employed person is smart and disciplined
Why will you choose to be self-employed if you won’t be disciplined and smart in carrying out your work. Since a self-employed person is a creative person, you should be smart as well as disciplined. For you to achieve success in your work or be successful, you have to know what to do, how to do it and when to do it. When you are organized, you tend to understand your job and that your life depends on how you work. Self-discipline is an important trait of a self-employed person.
- A self-employed person knows how to manage time effectively
We all know that time is a valuable resource that waits for no one. Therefore the way you use and manage your time is very important in your journey for success. You should know what to do at the right time and how much time you have to allocate on a task. Time management will improve your ability to function more effectively and work under pressure.
- A self-employed person is competitive
Competition is inevitable as it makes you grow and get better. For a content writer, you have to always strive to stay ahead and deliver quality jobs for clients so as to remain relevant and get more gigs. A self-employed person embraces and enjoys competition. It is an avenue to get better, clever and smarter. Healthy competition is a drive to being successful in your journey to be self-employment.
- A self-employed person is always ready to learn
This is the bedrock of being better and developing in your everyday life. The importance of learning cannot be overemphasized. It opens you to a wide range of knowledge and makes you open-minded to different self-employment opportunities. “Learning never stops; therefore growing never stops”.
A self-employed person should be ready to learn new things, old things in new ways and gain knowledge and expand your job opportunities. It is good to be a master of ones skill or field but having knowledge in some other areas is equally good as it can prove useful in one way or another.
- A self-employed person is determined and self-confident
Making up your mind to leave a job of consistent salaries to venture into your own business or become your own boss takes a lot of courage and determination. Therefore succeeding should require more determination, devotion and self-confidence. If you do not believe in yourself, you won’t even think of being self-employed because you alone would bear the losses, failure, ups and downs, challenges and bottlenecks. You have to be courageous to excel as a self-employed person and an entrepreneur. Since you have a goal and also a standard, giving up shouldn’t come to mind.
- A self-employed person is not afraid of failing
The fear of failing or not succeeding is the reason for a mediocre result. Failure is not the end of the road but an eye opener to better ways to solve a problem or accomplish a better result. A self-employed person accepts failure and sees it as an avenue for success. You should put it in mind that from failure comes success and failure should make you work harder and smarter and not to relent and give in.
- A self-employed person is consistent
Consistency is the act of being steady and regular in what you do. As a self-employed person, you should always be steady and regular in delivering jobs. This will boost your customer base and increase your productivity. Consistency is very important in self-employment. Possess a high degree of firmness and coherence in your profession.
These are some of the qualities a self-employed person possesses. They are passionate about what they do. You cannot complain about what you do and expect to succeed. When you are passionate about your work, you perform it to the best of your ability and full potential and this is what yields quality jobs.
Benefits Of Being Self-Employed In Nigeria
Due to the high rate of unemployment in the country and also the problem of underemployment, being self-employed is the best thing and route to follow. You set your life in motion, move at a pace and get better. You don’t have to wait for salaries or wages or work under strict rules and pressure. You get to be your own boss, set your own rules and be autonomous.
Let us look at some of the benefits of being self-employed.
- Self-employment leads to creation
Most if not all self-employed persons bring something out of nothing. Self-employed persons are innovative as this is a crucial trait of a self-employed person. Self-employment will bring about creation and innovation.
- You choose the time you work and number of hours
Self-employment gives you a great level of freedom as to the time you work and the hours you choose to work. You deciding to start work early and late depend on the output you receive and your capabilities. Entrepreneurs are always encouraged to work hard. This is because it all for your own good. Self-employment gives you the time needed to organize your family and also your life.
- You get the privilege to control your life
Being self-employed puts you in a position to be the master planner of your life, you get to make decisions and shape your destiny. It is being said that your destiny is in your hands. Being self-employed or an entrepreneur makes you take control of your destiny and control the pace and success of your life. But when you are under an employer, your success or financial status is tied to the success of your employer.
- You get to control your income and earn more
As a self-employed person, you have the opportunity to increase your earnings by increasing the number of hours you work. As a freelancer in any career, you get to work for multiple clients and there-by increasing your earnings depending on the number of clients you work for and number of jobs you do. Every money earned is yours as this is one of the features of self-employment.
- You have a better work-life balance
One of the problems people face is balancing their work with their life issues. Being self-employed gives you an opportunity to balance your life alongside your work. It makes you create time for your family as you get to choose the time you work and number of hours. You are not compelled to be punctual at work and so you get to attend to family needs.
- You get to spend less and save more
When you work from your home and at your convenience, you tend to spend less and save more money. You won’t get to spend money on transport, gas, eating out for lunch, expensive work clothes, etc.
- You get to be your own boss
This is the sweetest part of being self-employed. You are your own boss; you control your life and control the people you work with. Self-employment gives you a chance to control how you work and what you do. You control every part of your business and make every decision. When you are self-employed, you get to work for no one but yourself.
- You can work from anywhere
The fact that you get to work at your own convenience gives you the chance to work from anywhere. For a freelance writer, you can work from any location, get inspiration from trips, and talk to people. You are not limited to a particular workplace. Your home is one place you can work from; you can also work from a coffee shop and many other places. Unlike someone employed by an employer that has to go to a particular work place. Most freelancing jobs (writing, photography, interior decoration, graphics designing and website designing) even blogging does not limit you to a particular work place.
- You get to follow your passion
Passion is what drives you to do what you do and do it well. Maybe you have grown to love writing or speaking, self-employment creates a room for you to explore your passion and build a career in what you love. You get to earn from you passion.
- You get the chance to choose who you work for and who you work with
Being self-employed offers you the chance to work for many clients but the best thing is that you get to choose who you work for, create your own customer base and expand it. You also get to choose people you work with and create a close relationship with them. You do not get compelled to work with people you do not like.
How To Be Self-Employed With No Money
It’s not every business that requires capital or large amount of capital to start up; there are some other businesses you can venture into with no money. You just need certain things to help you start-up and run the business. We will be looking through some tips to help you become self-employed whether you have money or not.
- Figure out what you want to do
The truth is you cannot do everything; you will have to figure out what interests you as this will help you stay motivated and focus. For you to be successful at being self-employed you must love what you do; it acts as a driving force.
This might be your full-time hustle and so you will have to devote your time and energy to it so if it’s not what you are passionate about, you might begin to get frustrated as you move further and encounter challenges.
So take your time to figure out what you want to do, you can actually make a list of what interest you whether you have money or not. It could be writing, designing, painting etc.
- Set out clear goal(s)
If you have actually figured out what you want to do, you will have to set goals for yourself. This is one way you will stay motivated and zealous. You goal(s) give you a sense of purpose and direction as you know that you have a target you want to meet.
Why do you want to be self-employed? Why are you choosing a particular business to venture into? What would you want to achieve at the end of the day? Is this business financially viable? All these will help you set clear and achievable goals for yourself and keep you motivated even when you feel tired.
Through your goals, you will set out plans on how you want to achieve your goal and how you would get to where you want to be from where you are now.
- Be a problem solver
Like we highlighted in the qualities a self-employed person must possess, you must always see a solution where others see problems. Business opportunities are all around you especially in Nigeria and so you have to develop problem solving skill in order to become run a successful.
You should be able to turn identified problems into business opportunities and offer solutions to these problems. When what you do as a business meets the needs of people, you would always remain relevant in the market.
You have to look, understand and be inspired by the problems or unmet needs around you and brainstorm on ways that you could proffer solutions and add value in the market.
- Be creative
Every self-employed person is known to be creative whether you are rendering a service or you own a business. This is a major quality you must possess as a self-employed person. You must be able to think beyond the normal and figure out new and modified ways to do things.
A creative person thinks outside the box and develops new ideas; they are natural problem solvers and this is how you can be successful as a self-employed person in Nigeria.
- Take calculated risk
For you to be successful in whatever you do, you will certainly have to take risks but you should know that not all risk yields positive results; the truth is you cannot be accurate about the best risk to take but you can always take calculated risk. Not all risks are worth taking and if you fail to plan, you plan to fail.
You cannot be too careful and you cannot be too reckless to whether you invested money in the business or not, for every risk you intend taking, you will have to look at the positive and negative effects. Take minimal risk that has minimal effect on what you do.
There is no risk that does not have an effect that is why it is a risk; the outcome is uncertain. When you succeed, you proceed but when you fail, you learn.
- Do not expect to have an overnight success
Are you expecting to get rich quick because you are now self-employed? Well, the truth of the matter is, this is not a get-rich-quick scheme. You will have to work hard to get to the top. We all know that nothing good comes easy and Rome wasn’t built in a day; you will have to give it your best and be patient with the process. Learn to fail and learn from failure; understand that success is a gradual process and comes in due time.
You might have a creative ideas but being successful requires years of hardwork and smartness. You will certainly encounter challenges but they make you better and experienced.
Be ready to work for long hours if you want to achieve success and also be smart too as this is really needed in the country if you really want to succeed in what you do. You should also prepare yourself incase success doesn’t come at the time you have anticipated so that you won’t get frustrated and start complaining. “Prepare to fail but try not to”.
- Know how to manage time wisely
You must have heard that “time is money”. Well, time is valuable and it is a limited resource. Self-employment gives you just have enough time to invest in your business so you do not have enough time for luxury and procrastination. Procrastination is a very bad habit as it breeds laziness and negative attitude to work.
You have to know how to manage your time properly. It is a very important skill for every entrepreneur. You have to know what is most important and do them. Focus your time and resources on important things that will yield positive outcome and add value.
Have a to-do-list of your daily activities and make sure you stick to the list and complete every task on the list as it will help you manage your time wisely. Do not waste your time on irrelevant task and know your priorities.
- Know how to communicate with people
If you want to run a successful business like freelancing business, you will have to improve your communication skill. You will have to make your clients understand why you are the best fit for the job. Good communication skill will help you build and expand network.
- Use technology and the internet to your advantage
There are many benefits and ways technology can help you to be successful as a self-employed person. It is obvious how technology and the internet help to promote many businesses both large and small scale businesses.
You can use technology to your advantage and also the internet. The internet offers a lot of opportunities for you ranging from video marketing, social media marketing, email marketing and many more. You just have to have something to sell and know your customers so as to direct your product and services to them. You shouldn’t see everyone as your customer. Just focus of delivering quality products and services.
Use the internet to reach out to a large number of target customers and create awareness about your business. It will help broaden your customer or client base and increase your business operation and productivity.
- Be ready to learn from others even criticism
You should know that nobody is an island of knowledge and so you should be ready to learn from others and even listen to criticisms. They make you know your lapses and where you are lagging. Knowing this will help you figure out ways to improve and become better at meeting your customers’ or client’s needs.
Learning is a continuous process and so we learn every day either from our failures, that of others and also experiences. You should know that you are not perfect and so give yourself some slack when you fail and try to learn from failures; they help you grow.
You should also read about successful entrepreneurs and investigate how they made success. Think about how you can implement some of their ideas and strategy into your plan especially when it is related to your market or industry but mind you, not everything that worked for them would work for you so you have to be critical in your thinking.
Self-Employed Jobs You Can Start In Nigeria With No Money
There are some of jobs you can engage in even if you don’t have start-up capital. You get to work at your convenience and enjoy what you do. Some of these jobs are:
- Event Planning And Decoration
Entering into the event planning business is one good self-employment opportunity. You get to work for different people and also with different people. A properly executed event is really expensive and people love their events to be hitch-free and go smoothly especially in Nigeria. They are ready to spend money provided their event will be a success.
If you have an eye for designs, decorations or you know how to communicate well, here is your opportunity to start something. It could be for weddings, parades, birthday parties, housewarming, fashion shows, corporate events, political events etc. Your ability to deliver in your event planning and coordination will show your prospective clients that you are good at what you do.
- Freelance Writing
This could be writing of articles, e-books, resume, business letters and journals. You get to work at your convenience and also work for multiple clients either as a freelancer or ghost writer. The internet has opened up different kinds of opportunities to write and earn. We have different blogs and websites that need contents in order to get traffics and therefore the services of content writers are highly needed in the society today.
- Making Use Of Acquired Skills
The acquired skills could be
- Fashion designing,
- Hair dressing and barbing,
- Furniture making,
- Catering and baking services,
- Repairing cars, computers and home appliances,
- Dry cleaning clothes etc.
With these skills you have learnt, you can start up your own business with little capital and become a sole proprietor. You don’t really need a large capital to start up. You can start by moving from house to house and rendering your services. Having a hand skill is the fastest way of being self-employed in Nigeria. Having a skill will remove you from the crowd of those wanting or seeking a paid employment and start your own business.
This is the new oil money. You have the passion for writing and expressing yourself in a particular topic area or niche, you can create a business out of this by starting up your own blog. The resources and technical know-how to start up a blog is not too complicated; provided you are consistent, you won’t go out of business.
Some companies love to place advertisements on blogs and this is another way to generate money from your blog. You can also sell your products through your blog and many other streams of making money blogging and mind you, you can do this at the comfort of your home. Though earning from a blog doesn’t just happen overnight, it could take a few years but when you start earning, you will see that it was worth the wait.
Remember the topic area or niche should be a relevant one and the information you pass, should be needed by the readers so as to stay relevant.
- Professional And Inspirational Speaker
For someone that knows how to talk to a crowd and how to deliver a message to a large number of people effectively, this is your stage to invest your time and resources. You can specialize in business talks, youth talks, educational talks etc. There is a lot of flexibility that comes with this job. Business and institutions invite motivational and professional speakers and so you can start up something in this field if you are good at it. All you need is a few clients to start up.
Taking of pictures is another self-employment opportunity. Taking pictures and doing it well pushes you to a wide market of prospective clients. In this kind of business, your job or work will speak for you. You get to take pictures at weddings, political events, school events, housewarming parties, family get-together and many more opportunities.
- Graphics Designing And Website Designing
The computer age has given us a wide range of opportunities. It is now left to us to explore and make use of these opportunities. Graphics designing and website designing are one of the ways you can be self-employed and work at your own convenience.
Many companies both existing and new entrant need logos, websites and advertising media (flyers, posters, banners etc.). Your skill of graphics design will help you create logos, animations, models and flyers for companies or clients and also designing an excellent website for companies is another self-employment skill. They contact you, give you the gig, you deliver and get paid. Life is good, right?
- Academic Tutor
This is a natural and easy business to venture into provided you are sound in some subjects. There are key subjects that are required by students and in which the students need extra tutoring so as to improve. Your ability to handle these subjects very well will create a business for you in this area by helping the kids to improve. You can also market your business online and also by creating flyers and posters for advertisement.
- Interior Decoration
If you know how to design and make something out of nothing, this is your call. This is a fun and lucrative career because you tend to be creative and in the process, love what you are doing. A lot of people know styles they want for their homes but they lack the skill to put it together. Your ability to be creative with your designs and artistic work, will act as a pointer to your prospective clients to see and reach you. You can exhibit your work on online platforms to get more clients and reach a large market of consumers.
- Farming And Agriculture
Farming is a very lucrative business to venture into though it is really underrated. The benefits from farming cannot be overstated. It could be
- Fish farming,
- Poultry farming,
- Crop farming,
- Snail farming,
- Agricultural consultant and adviser,
- Cattle rearing, etc.
These are ways you can set up your own business. It does not require large capital to set up and does not require much skill either.
There are many more self-employment opportunities around you and within your reach. The aforementioned are just a few of the wide range of self-employment opportunities. What you have to do is look around you, understand your environment and identify opportunities around you.
Self-employment is becoming the new normal and with the way the country is going, the number is going to continue rising. The mixed economy which the country is practicing has also made it easy for individuals to startup businesses.
You must have seen that there are some businesses that you can actually start even if you don’t have money. These businesses are easy to establish and you would also make some cool cash. Be determined and focused on what you want to achieve and you will see yourself doing well.