Businesses You Can Start With N100,000 in Nigeria.
Have you ever saved up money but couldn’t find good business ideas to invest them in? Ever been caught in a web trying to decide which business to go into? or have you been wondering what businesses you can engage in even in your spare time? then read on. This post is for you.
The current economic clime in Nigeria has left many young Nigerians of working age unemployed even after graduation from our various higher institutions. Hence, for most youths, Entrepreneurship is the only Way.
Whether as a full time venture or just for extra income (ie. part time), these great business Ideas are for you. You can start small, then grow it into millions in the nearest future.
See the Top 20 Businesses that you can venture into with just N100,000 or less in Nigeria below.
TOP 20 BUSINESSES YOU CAN START WITH N100,000 IN NIGERIA
Dear reader, The writer of this ‘post’ used specific examples to butress his points as a way of making the ideas more practical. Please, what works for you.
The following are the top 20 businesses you can start with N100,000 or less in Nigeria either part time or full time:
1. Bedsheet/Beddings Production:
Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and I tell you the guys who will sew it for you are just within the same Market. You can start with less than 100k and diligently grow your money.
2. Shirt Production:
A sweet side hustle. There are tailors in Lagos Island or better learn the skill it will save you all the heartbreaks imaginable. Taiwo Street in Lagos Island is where you should be. Materials ranging from 700 – 1k per yard, sew for 1500/2k, Sell for 5-7k.
CAUGHT MY WIFE SLEEPING WITH THE GATEMAN JUST 3 MONTHS AFTER OUR WEDDING JUST BECAUSE….- NIGERIAN DOCTOR MAKES SHOCKING CONFESSION
3. Boxers Production / Sales:
Schedule a trip to Aba Market, The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s, and market these babies properly beg your friend on twitter for RTs, we buy 3s pack boxers for 1500-2500 sell yours for 1200 and gradually grow.
4. E-Payments and POS Business:
You can a get POS machine from your Bank, and activate online banking: If you live in a place where banks aren’t much you can handle e-payments for people and make your small change. I paid someone N200 to withdraw 10k in Ikorodu. ATM queue was crazy.
5. Mobile and Electronic Accessories:
Mobile and electronic Accessories such as Pouches, Chargers, USB cables, HDMI cables, earphones and more, can be sourced on Alibaba, Ali Express, Deal Extreme, etc. The more you buy the lower the price. And they are light so shipping won’t be a burden. Sell on here or Jumia and co.
6. Popcorn Production:
We all know this guy! We buy every time. Bags of corn – Mile 12 Branded Nylon Sugar, Salt & Butter. The beauty of this is when properly made, its aroma will attract its customers. Manual sealing machine -7/9k Popcorn Machine is 65k on Jumia. Popcorn can be served anywhere. It costs less than N40 to make a pack of popcorn
7. Branding – Sales and Customizing
Football team supporters always want to show how much they’re rooting for a team.
8. Snail Farming:
Snail farming in Nigeria is even more popular, due to its relatively cheap cost of startup and If you market your products well, your business will thrive. This is a business you can start from your backyard. Best in mind, snails take almost a year to mature so Patience is Key!
9. Fairly Used Goods
Fairly used goods such as Jeans, Tops, t-shirts, shoes etc. They can be sourced at Badagry, even Cotonou. 100k can’t get you a bale but you can select and mix them. Wash then and pack neatly. Marketing is all it takes, you’ll sell and see your money multiply.
10. Cleaning Services:
Some people find it hard to clean their apartments ‘cos they’re busy from Monday to Friday and Saturday they have engagement and on Sunday all they wanna do is rest. Your tools won’t cost you up to 30k and you can clean 6 apartments a weekend.
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