With the recent uprising of things in Nigeria, I firmly believe everyone would be looking for a small business to start in Nigeria with 10k,20k,30k,40k, or 50k Naira.
If you happen to be in this category am glad to say you are in the right place on the web. You will learn or know some lucrative business to start in Nigeria with less than ₦50,000 and make a reasonable amount of money if carefully and adequately done.
Based on my research before writing down this piece of content, the business I will introduce to you guys is specially handpicked by me.
We all know that Nigeria is a difficult place to live where the government failed to adequately cater to its people. Without being said, we will not fold our hands and watch ourselves killed by hunger, all in the name of waiting for the government to provide the essential amenities to its citizens.
Those in the business line seem to make more money and live largely compared to a white-collar job or salary earners. Like the says goes, “Life is a do-it-yourself project.” so fear not, I got you covered with this great masterpiece of mine.
Starting a business with less capital in Nigeria will reduce its unemployment rate and limit the crime rate. Statistics have it that a state with enormous popularity with little or no employment stands a chance in a high crime rate.
Let’s utilize that 10k,20k,30k,40k, and 50k used for clubs to invest in a real-time business, which fetch us a considerable amount of money either daily or monthly.
The business which is about to include here in this writing doesn’t require much capital to start other than the amount mentioned earlier on and has nothing to do with one physical status as the business startup works both on the handicap so far you have the zeal to make money here in Nigeria you are good to go.
Without wasting much of your time, let’s quickly dive into our main topic: business to start in Nigeria with ₦10,000 ₦20,000 ₦30,000 ₦40,000 and ₦50,000 Naira.
Profitable Businesses You Can Start With 10k 20k 30k 40k In Nigeria
Selling Of Pure Water / Bootle Water Mixed with Beverages
Selling bottled water /Beverages is a very lucrative business to make money either full-time or as a side hustle. Here all you have to do is to decide if to hawk it or sell at a spot. If your choice is to sell at a place great, here are some foolproof tips id give you or let me say things you need to kick off
- Get a space (Spot)
- Buy Big Cooler
- Buy Ice block
- Buy an umbrella
- Get a signboard (To enable you to write stuff like “Buy Your Cold beverages here.”)
Point To Consider
You will have to make sure your spot is located in a bustling area to sell off fast; if you live in a busy place like Lagos, Port Harcourt, Aba, Onitsha is an added advantage to boom your business up.
With much being said, this business cost approximately ₦10,000 to start, so give it a full-hearted trial and see the money flowing in from all angles as you could attach a ‘Recharge card’ once the business booms up.
Fast Food Business /Mini Restaurant
The fast-food business is another business to start in Nigeria with ₦50,000 or less. We all do cook and eat at home, but not all time we have the strength or id say the time (Could be due to stress at work) to prepare something to quench hunger, and this brings in the idea of going to get food from a nearby fast food or restaurant.
So if you are skilled at cooking a delicious meal, this business idea is specially for you. If it happens, you don’t trust your capability; you can enroll in some catering school to learn different delicacies and ways of making them. For the best catering school to register on I, personally recommend “Red Dish Chronicles Culinary School Nigeria” to Lagos residence and those outside Lagos; you can check nearby catering schools around you.
Car Wash Business
The car wash business is another lucrative business one can open with either 10k or 20k in Nigeria. Here all you have to do is know how to wash a mobile vehicle in and outside thoroughly.
In order words, it is a lucrative business that requires little capital for a startup. Starting a Car wash business could be a little bit intimidating to those who are new to the industry, but I assure you if adequately done will fetch you colossal money as a return on investment (ROI)
Requirements to Startup a Car washing business
- A Nice site (Busy Area most preferable)
- Car wash detergent
- Foam Sponge
- Interior protectant
- Microfiber Glass & Body Towel
- Car Brush
- Grit Guard
- Garden Hose (For easy water collection or spray)
- Pressure Washer (Substitute for Garden Hose
- Wool Wheel Brushes ETC.
Point To Consider When Starting Up a Car Washing Business
If, after going through this section, “Car wash” as a business to start with 10k to 50k in Nigeria, you should also watch out for a few points to be considered when starting a car wash business here in Nigeria or elsewhere the globe.
The points are
- Nearness to city or blushing areas
- Could or be near an Automobile workshop as individuals would consider having their vehicle washed after huge work is done on their car.
- Ability to research the market to stand out from the competition
- Get approved by authorities
- Last but not least point to consider is “Pick A Type of Car to wash.”
Recharge Card /Sim Card Registering Business
We live in the 21st century, where 99% of an individual makes use of the Telephone as a product of technology. So starting a Recharge Card business wouldn’t be a bad idea as it has a high tendency of return on investment.
If you are in Nigeria or interested in knowing some business to start in Nigeria with as low as ₦10,000, ₦20,000, ₦30,000, ₦40,000, then consider choosing the Recharge Card / Sim Registration business as one.
How To Start Sim Card Registration Business In Nigeria?
If you are interested in the above business ideal, then the next question that comes to your mind is how to start sim card registration vs. recharge card business.
Let’s quickly dive into the process involves when starting a sim card business.
- No much is required other than having a physical business structure registered and has been in existence for a long time.
- A valid ID Card or passport is required
- A working android device for capturing and insertion of users data
- Lastly, apply for your preferred Network providers agent form and follow up the process from there.
Shawarma business is another business one can start in Nigeria with at least less capital of 20k. All you have to do is get a good site (Club or Hotel, Beer Palour or a crowded area) is highly recommended if you want to make more sales. As people would love to buy more if specially prepared, so I advise you to learn how to prepare it before venturing into it.
Cake and Small Chops Business
Cake and small chops business are undoubtedly one of the fastest rising business to venture into as it requires just a small amount of capital to kick off.
If you are a professional in the business, do not be surprised as many event planners would hire you to present a crispy cake or small chops for the party guest
You will need an essential tool like the egg, cake pans, stand mixer and hand mixer, Rubber or Silicone Spatula, Paring Knife, and Wire Cooling Racks to get started.
Starting a popcorn business is another business ideal you can start in Nigeria with 10k or so. People buy snacks now. Those visiting the cinema also buy the popcorn and those along the work side, so if you are skilled at making or producing popcorn, this is the right opportunity to queue in.
Popcorn business is free to startup as it has no gender discrimination; that is to say, it all available for anyone who wishes to venture into it.
The requirement to start a popcorn business
Before planning on starting a popcorn business, there are some specific requirements one needs to possess to enable him faster productivity.
- Get the machines required
- popcorn kernels
- groundnut oil, salt, sugar, butter, leather bag for packaging, flavor, and Milk ( optional depending on the choice of consumers)
- A site or stand
Approximately all the listed items above to start a popcorn business should be between 20k – 30k, which is pretty cool for those in search of a business to start in Nigeria with ₦10,000 ₦20,000 ₦30,000 ₦40,000 and ₦50,000
Fish Farming or Fingerlings Production Business
Fingerlings production is a lucrative and well-to-do business recommended for anyone interested in investing a small amount in getting a huge profit in return. As the name implies, Fish farming is the rearing and cultivation of fish. In other words, it involves raising fish commercially in tanks or enclosures such as fish ponds, usually for food. It is the principal form of aquaculture.
If you are interested in this business idea, it takes you nothing to embark on; find someone already in the business to put you through with the necessities.
It is very beneficial as you tend to make more profit after investing in the fingerlings.
How to start a fingerlings Production?
Below are steps to get started
- Get the skill
- A large environment or farmland is an added advantage (optional)
- Get a pond (Rubber, Tapooline, Mud, or Cement)
- Buy the fingerlings
- Buy foods and treatments
- Then you are good to go
Laundry or Dry Cleaning business
I know some will say this business idea shouldn’t be listed among businesses to startup in Nigeria with 10k and above? If you are in this category, worry no more cause I will explain the concept behind it and how you can start up a laundry business with ₦10,000 and above.
Without being told, this business idea is a very lucrative one capable of turning that ₦10,000 of yours into millions of Naira.
All you have to do is have the zeal cause a business without passion /zeal is a total waste of time and capital unless you have the money to employ someone who can handle and get it running for you.
Now let me clear your doubt about setting up this business ideal with just 10k and above.
Assumed you already know how to do the laundry aspect and needed to set it up and you are currently on a low budget, here is what you can do with just 10k
- Buy your laundry iron “(You can get original iron from those that sells Tokombo product, at least 5k will do the job)
- Buy your spray /Sachet starch (Sold at ₦650 -₦1500)
- Buy Nylon and tags
- Buy Garment Conveyor (Used for the hanging of cloths)
- Buy Washing Basins
- Ironing Table
- Buy your detergent then you are good to go
With all these listed above, one can use them to start a small laundry business; as time goes on, you can start buying bigger equipment like the washing machine, Stem iron, etc.
Now the concept behind is ‘You can render home services with the earlier mention tools’ or can as well make use of them in your surroundings as you keep getting more customers and saving part of your profit for rent or getting a spacious place for your business.
Photocopying and Sales of Past Question Papers
This business idea goes to most, especially those still in school, as you tend to make money from it.
This is a lucrative business one could venture into without an atom of doubt. Students find it difficult to get a past question paper, get their assignment done there on the school premises, and the sale of past question papers and running photocopying (Mini Cyber-café) would be a great idea and easy way of making money in Nigeria as a student.
All you need to get started is just a photocopy machine, laminator, and scanner + a mini generator AKA ‘I pass my neighbor’ then you are good to go
Sales and Burning of DVD /CD
I did this business “Sales and burning of DVD/CD” while In secondary School and with my high knowledge on this I can boldly tell you is a lucrative business one can venture into with small capital of at least 5k – 10k.
To start this business, you don’t necessarily need a physical office or much other than your computer system or your personal computer (PC) and an empty DVD/CD Disc sold for about -₦20 – ₦50 per Disc.
To some people, selling CD sound like an old business, I’d include this business as one of the untapped business to start with 10k in Nigeria.
You can either decide to do it full time or as a side hustle as it has no time hindrance.
Read Also: The “WHY” of How To Start a Business
How To Make Money With Sales and Burning of DVD /CD Business?
This is one of the easiest business ideas shared in this article. To make money from it, follow the process below
- Get your Laptop and Your preferred Disc
- Download and mix a music album with your laptop computer
- Do some graphic work on the Disc Album cover, or you give it to a graphic designer to design for you if you don’t know about design
- Now burn your downloaded song track or movie to your empty Disc using an inbuilt DVD burner that comes with your laptop Media player, or you can use a third-party software called Nero Burning ROM or CDBurnerXP
- After that, seal and package your Disc and sell out
Tips On How I Made over 100K as a CD seller
Like I told you earlier, this is a business I have been into for about 4years, and I will share with you some tips I used in paying up my fees and rent in Lagos state from selling CD’s
Now here are my tips
- After doing the process as mentioned earlier (Burning and packaging your Disc)
- Go to a busy area, e.g., Clubs, Hotel, events, or Comedy / Industry Night parties
- Give out some of your best-mixed Discs to the DJs and leave them with your phone number. Although you shouldn’t just drop the number and walk away, try as well to persuade them to patronize you
- The DJs will call you for more of your mixtapes, and with that, you can be the only trusted channel or distributor of such an amazing mixed track, and mind you, this time, you are not going to give them out for free but with a fixed amount.
- Try this tip and see the wonders ( Just be good at it)
Before I explain Blogging as a business idea to start with ₦10,000 to ₦50,000 in Nigeria, let’s first know the meaning and what Blogging is all about.
According to Wikipedia, A blog is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (posts). That is to say, the platform on which you are getting this helpful information today is a blog; of course, YES Wap-resources is a blog.
How To Start A Blog?
Starting a blog doesn’t require much or huge capital to start, i.e., you can start with ₦10,000 or even less. What you need to do here is to choose your Blogging platform, e.g., Blogspot or WordPress, which happens to be the two most popular blogging platforms.
After that, follow this quick process to start up your blog and get it running
- Buy your preferred domain name (your name/brand .com). A domain name is sold for about ₦3900 -₦4,000 while using the local Registrar. WHOGOHOST is best recommended for those who may be interested in getting their domain name using Nigerian Registrar
- Buy your Hosting using any hosting Company of your choice, or if you choose to blog on the Blogspot platform, then you have nothing to worry about purchasing a Hosting plan cause Blogspot is a platform owned and managed by Google and Google made it free for anyone ready and interested in Blogging.
- Decide on the niche/topic to handle e.g, News/Sport, Entertainment, Make Money Online, etc.
- Thirdly, Design your blog which includes ‘having the necessary pages and categories
- After that, your blog is now ready to go live once you publish your article.
Are you interested in Blogging? You can contact me using the Contact us page and stand a chance to enroll in my Blogging Master Class on all platforms.
Barbing Business Idea
Hair barbing is another lucrative business one can start in Nigeria with 10k -50k. All you need to get started is to know how to professionally barb someone’s hair, which has a high tendency to make money from it if you do.
You can either do this business as a full-time business or as a side hustle if still in school or have other businesses engaged.
You only need your barbing kit, and you are set to go ( home service will be preferable since we don’t have much money to rent a shop)
House/Home Cleaning Business Idea
As the name implies, it involves cleaning houses, mopping, and making them dust-free with the use of special or handmade equipment.
This business is pretty cool and requires little money for a startup. The process involves having an agreement with a house owner on the kind of cleaning and treatment needed for the house, it could be a new house wanting to be cleaned before the owner packs in, so the home cleaners have to tidy and get everywhere cleaned up form the mess made during the building process.
To set this business up, one needs to purchase all the required items such as
- Vacuum cleaner
- Broom and dustpan.
- Fabric softener
- Rubber Gloves
- Toilet brush and holder.
- Hard Brush
- Anti-bacterial cleaner
- Flat Mob & Bucket
- Windo cleaners Etc
Mini Importation Business
The mini importation business is basically buying and selling; this item is purchased, shipped from abroad into Nigeria, and resold to maximize profit.
The only thing different here is that you are buying them in bulk. This is indeed a lucrative business to start with a small amount of capital
Here you have to excite your goods on your social media page to create awareness and know your customers’ wants.
Note: Always import goods in high demand so you won’t end up being the one consuming your product or goods.
I have also prepared a masterpiece article on How To Start a Mini Importation Business In Nigeria
POS Business (Point of Sale)
POS Business is another business to start in Nigeria with ₦10,000 ₦20,000 ₦30,000. All you need to get started is to reach out to any bank of your choice and fill out the form given to you.
Those who already have a business /physical shop running for a year is also of great advantage as he/she stands a chance of getting approval from the financial institute.
Consider reading how to start a POS business in Nigeria
Selling Of Phone Accessories
Phone accessories include Earpieces, Phone Casings, chargers, Sim Cutter, Memory cards, and flash-drive. Starting up this business requires little capital with not much knowledge ‘sofar you can communicate and sale then you are good to go.
It is lucrative, especially if you are situated in a busy area like the Popular Computer Village here in Lagos. The good thing about this very business is that you can start with as low as 20,000 naira and, if lucky, could get an attachment in the market where you can squat with a friend or pay a shop owner an agreed amount on a daily or monthly basis.
Plantain Chips Business Idea
Plaintain Chips is one of the commonly consumed products here in Nigeria, so venturing into it wouldn’t be a bad idea as it requires a small amount to startup; 10,000naira can get this business set and running.
In another way, you can fry them in large quantities and distribute them to the retailers who sell them out to the final consumers.
Selling Of Ice Blocks to small or large business owners
Ice Block business is one of the oldest and easy-to-start businesses here in Nigeria. While growing up in early 2004 on a vacation to an uncle’s place in Aba Abia State, I could remember a neighbor of mine who do tie water on popular transparent Nylon stock them up in the refrigerator till the next day when it must have changed its state to an Ice, sell them off to those engage in pure water and Zobo business.
To start this business, one doesn’t necessarily need huge capital. If you have a refrigerator is an added advantage as it will reduce the cost of getting to buy a new one.
Liquid Soap/Air Freshener Production
With as low as ₦10,000, anyone interested in making liquid soap can produce over 200 – 300 liters of liquid soap, which is a huge amount if converted to cash.
One key benefit of this business idea is that you can do it from the comfort of your home without having to hire a place. All you need to kick off is a little amount mentioned above for your material, and then you are all set and good to go.
Items Needed for the making of liquid soap
- Bowl (For measurement )
- Empty bottle to refill your soap
- Turning Stick (To steer up your soap)
- Sodium Laurate Sulphate
- Sodium Tripoyphosphate
- Laurel Rice
- Caustic Soda
- Sulphonic Acid
- Formaline (Optional)
- Perfume (Optional) etc.
With the above 20 businesses to start in Nigeria with ₦10,000 ₦20,000 ₦30,000 ₦40,000 and ₦50,000, I believe you are conceived to start up with that small amount in your account and willing to pick one or more out from the list and invest on.
Therefore, if you have in mind to start the businesses mentioned in this article, you should read carefully to understand each of the processes included in this masterpiece.
I believe so many people desperately search and need this great article on business to start in Nigeria with 10k, 20k, 30k, 40k, 50k Naira, Kindly use the social share button to reach out to them quickly.
If you have any questions on this post or inquiries on any of the businesses listed above, please do not hesitate to use the comment section to reach out to us as we’d be more than grateful to attend to your various requests. Thank you.