Small Businesses You Can Start With Less Than 100,000 Naira.
It is a beautiful thing to be a boss of your own and it is also very satisfying for the business to be able to pay salaries to workers/ staff. If you have always been thinking of starting up a business and capital has always been your setback, why don’t you think of other businesses you can start up with something less. Then, after you have saved up a great deal of money, you can now venture into your dream plan.
Also, if you have a job already, but you have ample time at your disposal, below are ideas you can invest in depending on your locality and market needs.
These ideas are few out of the many that one can start with 100,000 Naira or less.
CHARGING PHONE BUSINESS (Phone battery recharge)
The power situation as we know in very unstable, with fluctuations in power worsening as one goes further into the remote areas in Nigeria. Therefore, many businesses rely on generators for power.
In such an environment where power is epileptic and many people cannot afford other alternative sources of power, the phone battery recharge business becomes very ideal.
So you simply set up a mini shop with so many power/charging points where people come to get the batteries of their phones, torch light and other devices charged for a fee.
This business can also be set up in other areas that are not necessarily remote or rural including: Nigeria Youth Service Corps (NYSC) orientation camps, markets, government motor parks, among others.
FRESH ORGANIC FRUIT JUICE PRODUCTION AND SALES
A lot of people have resorted to healthy eating, especially with its attendant benefits in view of the numerous creepy illnesses associated with unhealthy foods.
Many people now reckon with the advantages of taking fresh organic fruits. Little wonder many relaxation spots and gardens across Nigeria, have people who sell fruit juice and smoothies.
Sale of fruit juice and smoothies attracts a lot of people to relaxation spots, thereby increasing sales of other products in the space.
The demand for organic fresh juice is higher in urban areas as the awareness of healthy eating is high. So this is one business one can choose to delve into. It is also profitable.
GRILLING (Fish grilling)
The grill business flourishes in cities with great nightlife. It is a popular thing now to find grills in almost any Bush bar or garden in the big cities. People like to hang out with their friends and families in open bars, mostly in the evenings.
The grill business comes with a high turnover, especially when you are in a busy venue. Grilled fish, meat, chicken and others are now well sought out by people seeking a spot to ‘hang out’.
FOOD VENDING BUSINESS
Food is very important in the existence of mankind. People must eat, and bringing the food closer to people can influence the rate at which people patronize it. The food vending business in this scenario is more about marketing food to people. You don’t need to have a restaurant or an industrial kitchen. All you need to do is to identify a fantastic kitchen or cook who is willing to partner with you. You will then identify a couple of offices not too far from the kitchen – offices that do not have in-house canteen or restaurant. Market your food to them individually or through the welfare officer. Once you get your approval, start taking orders and make sure you deliver them on time.
LAUNDRY SERVICES
In the urban areas today in Nigeria, people are now preoccupied with work and adding washing and ironing to their list of worries becomes inconveniencing. Most professionals or people with busy schedules outsource that part of their lives to a laundry service provider.
This industry is growing every day and with 100,000 Naira, you can kick-start the business.
All you need for a start is one semi-automatic top-loader washing machine with wash, rinse and spin functions; an electric iron, buckets and detergents.
The fantastic part of this business is that you can start it from the comfort of your house about this is the fact that you can start this business in your house or any space that you can find.
You can pick up and deliver clients’ clothes so where you work from will not matter – However, you must consider the safety of your clients’ clothes.
LIQUID DETERGENT BUSINESS
There are several small hotels, local dry cleaners, street food vendors, car washes that need detergents on a daily basis. With that in mind, the need for liquid detergents is a constant.
Although some service providers who rely highly on detergents manufacture their own, there is still an unending market of those who would gladly patronize a quality, affordable and nice-smelling product.
The process of making liquid detergent is not so stressful. All you need is to make a quality product they put more of your energy in marketing. If your detergent is good, then half of your marketing is done.
HOME LESSON TEACHER
There are a lot of students who need extra lessons on various subjects, both at the elementary level or the secondary school.
If you have the knowledge, then start your own tutoring service, market your tutorial service to your neighborhood and further expand your reach.
This business idea may require almost no capital. After all, the students already have the learning materials.
SOCIAL MEDIA CONSULTANT/PR
A lot of businesses and people today in Nigeria are on the lookout for people that can help them manage and maintain their company’s social media handles. This is also a well-paying field depending on your knowledge and what you can offer.
SELLING OF AKARA (Bean Cakes)
Making bean cakes, popularly known as ‘akara’, is without a doubt a lucrative business in Nigeria. Usually sold in the morning and evening, akara is one of the most popular staple foods eaten across Nigeria.
In fact an akara seller who knows his/her onions usually has long queue of people waiting teir turns to buy the delicacy.
The key thing about Akara business is the location. It must be where a lot of people live – a residential area.
If you makes sales of up to N10,000 in a day, you would likely record well over N3,000 in profits. “On a good day I dey make reach N5,000” – an akara women in the Garki part of Abuja told Neighbourhood magazine.
At N3,000 daily profit, in a month of 24 weekdays and Saturday, one would make over N70.000.
This business requires less than N100,000 to start up and it is easy to begin. All you need is the space and the ability to make delicious and appetising akara balls.
Other businesses one can begin with less than N100,000 include:
- EVENT PLANNING
- ONLINE CONTENT PRODUCER
- COOKING GAS VENDING/HOME DISTRIBUTION