Searching for a business to start with N100,000 in Nigeria? Search no more. Read this post from beginning to the end to find any preferable business.
“People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy.” — Tony Robbins
Below is a list of compiled businesses you can start with one hundred thousand naira (N100,000) in Nigeria.
1. Bedsheet/Beddings Production.
Visit Lagos Island, or Oshodi where they sell bulk materials, pick good designs of your choice, there are 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:
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.
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.
We all know this popular product! We buy it every time. Only require bags of corn – Mile 12 Branded Nylon Sugar, Salt & Butter. The beauty of this is when properly made, its aroma will attract customers. Manual sealing machine -7/9k Popcorn Machine is 65k on Jumia as at the time of filing this report. 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 the 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.