small business in nigeria you can start with less than n50,000 and still mak
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Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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Home » Local Trading » Small Business in Nigeria You Can Start With Less Than N50,000 And
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Small Business in Nigeria You Can Start With Less ThanN50,000 And Still Make Good ProfitPosted by Darlinton Omeh at Saturday, September 29, 2012
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Starting a small business in Nigeria has never been easy considering what you'dhave to go through to raise business capital towards setting up and running aprofitable business. Basically, it's all about money money money! No Bank inNigeria is willing to help small scale businesses, and Government seems to have noplan whatsoever for the citizens who needs business start up capital.
If you are contemplating any business, you are on your own if you don't haveenough money to finance it. The worst part of it all is that most potential profitablesmall businesses in Nigeria needs much amount of money to get it started -- mosttimes, far much beyond what average Nigerian small business aspirants can afford.
Have you ever had a businessidea -- so bright that it was justa matter of get it started andthe money starts rolling in, onlyto see the idea die because nomoney to kick start thebusiness? That's what 70percent of Nigeria Entrepreneursexperience on regular basis.
Sometimes, the little money youhave can't just be enough to start anything reasonable no matter how hard youtried. Because of these, many people are finding it difficult to figure out any smallbusiness in Nigeria they can start with small amount of money and still makereasonable profit.I've taken the burdens off you by taking time to come up withsmall businesses that promises good ROI.
Below are some of the best small businesses in Nigeria that any aspiringEntrepreneur can start with N50,000 or less and make substantial profit in it.
1. Plantain Chips Making - Move around the street and you will see differentbrands of Plantain chips on sale and it sells very very fast. People just like chewingstuffs and there is no end to it, so if you can engage in the business of producingand supplying it, you will be making good money on daily basis.
All what you needed are: Big Frying Pan (N3,000) Small Sealing Machine (N15,000)
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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The Nylons and Labels (N2,000) Other Utensils (N5,000) The rest N30,000 goesinto buying of Plantains and logistics. Supply to the shops and to hawkers and youwill be making your money.
2. Tokunbo Shoes - I like quality leather materials and that's why until recently,all my shoes and bags are bought from the used shoes and bag sellers. I used toget some top class shoes for N3,000 by the roadside back in those days when Ican't really afford high quality designer shoes that cost N50,000 or more.
Many people out there are just like me -- Instead of patronizing those fake Chinashoes and bags, they prefer to buy high quality fairly used ones which last longerand confer you with more respect.
Get a nice place where you will be displaying your goods like in front on shoppingmalls. Go to Fairly used market (Katangowa or Aswani in Lagos) you may go toSeme Border or Kotonou. Select quality fairly used shoes, look for designs that areclose to the latest fashion. N40,000 can get you up to 40 pairs of shoes.Sometimes you make profit of up to N3,000 from a single sell.
3. Used Books - You used to see them by the roadsides and you're wondering ifthe seller are making money from it? Try it and see! You will be surprised at theprofit margin, and you will be amazed at the rate at which Nigerians buy differentbooks.
Follow the same process as it is with the used shoes but you buy at differentmarkets. Used books are sold in importers warehouses, locate one and go there toselect nice used books, Children books, Professional books, Hand craft books, etcetc. These types of books sells very fast with high profit margin. N50,000 is morethan enough for a starter.
4. Office Supply - People who works in offices finds it difficult to go out to themarket to buy certain things like Wrist Watches, Shirts, Ties, and Perfumes. Helpthem do the shopping and charge moderately, don't be greedy like other supplierswho buys fake things for N1000 and wants to sell for N10,000 in the name ofoffice.
If you are honest with your business and charge reasonably, you may even gethuge supply contract form some of the people you will meet in those offices.N50,000 will do good in these type of small business in Nigeria and you will smileat the brisk business you will be making.
5. Road Side Foods Vending - If you are the hard working type, this smallbusiness in Nigeria may be for you. I've seen people buy cars and build house fromthis business. It's one of the few businesses that guarantees steady flow of profitno matter the weather, no matter the economic situation.
Specialize in cooking Jollof Rice and Beans, Moi moi, Fried Plantain, Custards, andFried Eggs. You will be friend of the people and the people will be your friend! Lookfor a hot spot, like the bus stop, near Motor and Okada parks or busy shoppingmalls.
Thirty Thousand Naira (N30,000) will get you all the utensils and small tables andchairs. While N20,000 goes for food items and settlements.
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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43 comments:
Please if know any other profitable small businesses in Nigeria that one can startwith N50,000 or less -- write in the comment box below and let's get the businessstarted!
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September 30, 2012 at 6:11 AMAnonymous
You didn't include in your list "The Sale of plastic items. Plastic buckets,plastic baths and so on"
The business in very good and does not require much money
GBOLAHAN
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September 30, 2012 at 6:19 AMDarlinton Omeh
Thank you GBOLAHAN. You are the kind of people around here, people whoread and share for others to learn, not people who read and disappear andnever leave a footprint behind.
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October 1, 2012 at 9:09 PMAnonymous
i mean organizing of tutorial classes like Gce,neco,waec,jamb and so on ithinkis another buz idea.Samson adejayan.
Reply
October 1, 2012 at 11:06 PMAnonymous
Like13
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
What business can one do from home?
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October 2, 2012 at 1:17 AMDarlinton Omeh
Samson you are right but can you give us the break down? Though I think ifyou have a place where you will be holding the tutorial and you're able toteach, you may not need additional money to start. Right?
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October 4, 2012 at 10:36 PMPonana
Sale of mobile phones specifically Nokia phones less than 5000Naira. You sellto people in offices and get paid at the end of the month. You add an extra500Naira to the price.Also, you can supply food stuffs to people who works in offices. Once youestablish yourself as a good dealer, you would be flooded with calls daily bypeople working in various offices with no time to go to the marketthemselves.
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October 5, 2012 at 1:08 AMDarlinton Omeh
Ponana, That's a good idea I know people will make something great out ofit. Thank you for sharing-- pls lets keep the ideas coming
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October 7, 2012 at 9:24 AMMaclonni
Oh my goodness! Impressive article dude! Thanks, However I am goingthrough difficulties with your RSS.
I don't know why I am unable to join it. Is there anybody getting similar RSSissues? Anyone who knows the solution will you kindly respond?
Reply
October 8, 2012 at 1:38 PMSam Sampene
I like your article keep informing us on such things. Sampene
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November 29, 2012 at 12:36 PMAnonymous
Sales of Soft drinks and snacks. You can achieve this with less than 20,000naira initial capital.
Reply
November 29, 2012 at 1:09 PMBro. Taiwo Adekunle
Thank you for this information. God bless you real good
Reply
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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November 30, 2012 at 10:37 AMDarlinton Omeh
Yes, sell of soft drink is good too especially in a busy area or marketplace
Reply
November 30, 2012 at 11:20 AMAnonymous
fish is also a good business. that is cold fish. apart from the freezer to ice thefish and a location where light is in constant supply, a carton of fish goes forjust 5000 naira
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November 30, 2012 at 2:10 PMDarlinton Omeh
And the profit is good too? Can you explain more on the profitpotential??
December 15, 2012 at 12:04 AMOscar Ugboh
There are business venture in Nigeria that requires NO START-UPS. I meanwhat I made mention earlier. Such businesses are predominantly in theentertainment industry which is in dire need of competent hands. Don't getscared that there are some technical know-how involved. Has anyoneconsidered becoming a location manager before?
Shooting a film requires the use of various locations. You name it, offices,shops, roadside, eateries, churches, mosque, hotels and much more placesconsidered to be habitable by human beings in the real planet earth. Nowwhat you do is, go scouting for locations in places mentioned above. Pleadwith whoever is in charge that you are a location manager in the movieindustry.
Tell them what they stand to gain in the give out their offices, churches andother premises to be used as location, which involves advertising of theirpremises while the film is been shot, the mentioning of their names andbusiness premises when appreciation is rolling on the screen and much more.
If its a hotel, you can bargain with the manager, promising him the film starswill be lodged at their hotel when the film itself is been shot and much more.What you need mostly for this business is a complementary card thatindicates the nature of services you render and potential customers will startcontacting you to scout for location for them.
Who are your client? The film producer, musicians who want to shoot theirmusic videos, advertising agents, corporate bodies and so much more. Youcan charge as much as 50,000 naira for a start and then increase yourcharges as you become popular.
You might want to ask, how do I meet these potential clients? Have youthought about distributing a handbill at the outside premises of silverbirdgallery, high celebrity social gatherings, churches and even make a smalladvert at the social networking site for free and so much more, and you willbe marvelled at the patronage you will get.
The truth is, the movie producers are always in dire need of breath-takinglocation that will fit specifically with the kind of film they are about shooting.Be it epic, comedy, romantic movie and much more.
Reply
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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February 9, 2013 at 1:12 AMDarlinton Omeh
Great! I am just noticing this comment - Pls maybe you shouldconsider writing a full article on this? I will be glad to publish ithere
January 2, 2013 at 11:44 PMBukunola Ebohon
Resourceful. Inspiring.Bukunola Ebohon.
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January 15, 2013 at 8:29 AMAnonymous
Please I'm a fresh graduate with 100k n I want 2 open an executive Spa,whatdo you think?
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February 9, 2013 at 1:09 AMDarlinton Omeh
Take not of the phrase Exclusive Spa! Dont you think everythingabout would be expensive?
I don't think 100k will be enough for exclusive business, maybeyou source for fund and add to it.
January 18, 2013 at 1:50 PMDaniels Oketa
Very nice post. kip it up
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January 24, 2013 at 11:27 AMAnonymous
My name is tommy I just finish my ond programme at mapoly, i want toleave my place of work due to fact that the money I earn is very small i havewith me now the sum of N50,000 and i wish to start a clothing bisnez plspeeps let me know if am on the right path.
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February 6, 2013 at 3:50 PMCz
The latest growing business in Nigeria today is that of a showroom wherepeople can view live football match. It required a very little capital of 70. to80,000 to start with and before you know it the door will open for you.
Reply
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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February 10, 2013 at 2:38 PMAdeleye Olamilekan
Hello,,am Lekan....Invest in the Agricultural sector,,plantain plantation 4 astart. U nid roughly N30,000,rent a land *10k* buy suckas *15k* landclearing and planting *5k*
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February 11, 2013 at 2:25 AMken Tochi
location and how it can be managed
March 11, 2013 at 5:54 PMOKECHUKWU NDUKWE
@lekan am very much interested. Are u into it and how profitableis it??? I just finished doing my youth service and i want to go intoany form of production and this idea of urs present a goodopportunity of that nature for me. Thank u.. Pls reply ASAP
February 10, 2013 at 2:43 PMAdeleye Olamilekan
Has any1 eva tot abt owning a plantain plantation?
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February 12, 2013 at 11:04 AMFranklin Eichie
nice one...i believe agriculture business is simply thebest.....maize, water melon cassava,plantain....open ur eyes andsee the great opportunities
February 12, 2013 at 12:17 PMAnonymous
Recharge Card business :)
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February 13, 2013 at 12:12 PMTina
This is very nice. I am interested in the 'Plantain Chips Making' on weekendbasis. Because I work Mon - Fri. Please do you have an idea of where I canget the Small Sealing Machine? Please reply.
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February 13, 2013 at 12:23 PMDarlinton Omeh
Plantain chips making is very nice money making venture. You canget the manual sealing machine in any major market in Lagos, likeIdumota, Oshodi, Alaba and some other places like that.
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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February 14, 2013 at 12:48 PMAnonymous
I am interested in starting a business in d making of decorative pillows usingprints like ankara, satin, guinea and beautiful lace material. Any ideas on howto start and ur view about acceptability... Thanks
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February 14, 2013 at 12:59 PMDarlinton Omeh
That is a very creative project and I think it will go far. About theacceptability? You would need some test run first - do few of it anduse it to sample peoples opinion. Cheers!
February 17, 2013 at 7:43 PMelyjay
Petty trade include the following1] Palm oil trade This commodity is plenty and cheap in the followingmarkets. You can buy a truck load or as little as 30 liter keg.a] Tube market b] KOKO market via Ilashe.c] Ihunbo market all in Ipokia local government.d] OJA ODAN market via Ilaro Fufu raw or table ready is surplus at a] Ifo marketb] Lusada market near Agbara.You can buy as much as truck load or basket depending on your capital.Boundary Ajegunle traders knows this
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February 19, 2013 at 3:18 AMAnonymous
Hi am Eddy! i like the plantain biz, but i think thats for the ladies. are theregood biz men can do with a capital of N200,000? and whats is the expectedreturn and within what span? tnx
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February 19, 2013 at 4:30 PMDarlinton Omeh
Browse around this site, you will see countless of businesses youcan start with N200,000
February 24, 2013 at 1:20 PMAnonymous
Hi, am Franca. A student, i av an initial capital of ₦20,000 dat i want to startbusiness wit inoda to b supporting myself at sch. Please wat kind of businesscan i start wich will yield considerable profit? Am tinkin of buyin n sellin offairy used items (okirika) bt i dont knw anythin abt d business. Please wat dou suggest?
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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February 24, 2013 at 6:52 PMDarlinton Omeh
Trading Okirita cloths is very good, you can get it very chaep atKatangowa market or near the boundary
February 26, 2013 at 10:08 AMAnonymous
Thank u very much Mr. Darlington, i am a teacher but i want to go intobusiness becos i and my husband are salary earners. so i have want to gointo business. slice bread supply, kerosine and recharge cards with N100,000.i believe i will make it with by God's grace. thanks for your website. May Godreally bless you. i have learnt a lot.
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March 3, 2013 at 11:51 PMAnonymous
What about baking flour and frozen foods
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March 8, 2013 at 9:16 PMAnonymous
I want to do poultry(chicken) business but don't know how to go about it andthe start up capital
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March 19, 2013 at 10:25 AMAnonymous
i work but i really need to start my own business. i have a shop and littlecapital of 150k. was thinking of a saloon but that is too much where my shopis same as wear. please what do u think i can do with dat. i am lady and ilive in Abuja
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March 19, 2013 at 11:27 AMDarlinton Omeh
How many barbing salon there is not the problem but how well areyou going to manage yours? You can always win with propermanagement.
March 26, 2013 at 2:57 PMjanet
i know packaging real ijebu Garri in small quantities and supplyingsupermarkets will not cost much please can u help me get the list of marketswhere i can get very good ijebu garri
Reply
Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit | WealthResult.com
http://www.wealthresult.com/2012/09/small-business-in-nigeria-you-can-start.html[3/27/2013 12:05:30 AM]
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