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Sometimes there are businesses that can raise 500k in Nigeria which we don’t know but are lying beneath our fingertips. Have you wondered what business you can start in Nigeria with low capital? Businesses that fall within this range which we call low capital are businesses you can start with as low as 500k in Nigeria. In this article we are going to discuss this businesses and even show you how you can get started with each listed businesses with low startup capital.
What are this Small Business Ideas In Nigeria With Low Capital
This businesses which is the center of our discussion today are top leading businesses in Nigeria in terms of how much you can earn. You are expected to to raise 500k at least when you understand and work on this businesses.
One good thing about the list of businesses you can raise 500k in Nigeria is that you already know some people into this businesses and they are probably looking like they don’t realize much from it but that is a misleading fact. Below we have discussed the top businesses you can start with low capital and raise 500k in Nigeria.
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1. Food Canteen Business:
One of top lucrative business ideas in Nigeria you can start with low capital and get high profit daily is food canteen business. Starting any small food canteen Business can fetch you over N100,000 if you walk into this hot business idea, with good knowledge of cooking skills. You can do either as a food canteen hawker or canteen wheel walker if you don’t have more than N5000. N10,000 or up to N20,000
2. Plantain Business:
There are two optional things you can start with less than N20, 000. The first option is that you can buy bunches of fresh plantain cheap in bulk from village farmers and sell it to plantain female traders at cheap wholesale at the popular International market, as a distributor. The second option is that you can buy a few bunches of plantain from a plantain distributor and resell it to consumers as a community hawker or in your stall/shop. The third is that you can market and distribute packets of plantain chips you produced and become a money spinner. What you need is to get equipments such as frying pan, plantain cutter, etc. People love snacks.
3. Toiletries and beverage Business:
People can not do it without toiletries. They need it to keep their body, clothes and kitchen clean daily. It is hot. And also they need beverages to keep them pleasure or for fun daily. So you can start with N50, 000 or more than N50, 000 if you want to start big and grow big beyond your expectation.
4. Mobile Phone Accessories Business:
You can start with as little as N10, 000 or N20, 000 by buying either offline or online like power bank, etc and sell for 300 per cent profit. Visit Aliexpress suppliers for mobile phone accessories by typing that phrase word in the Aliexpress search and they will ship you goods free of charge if you buy what you look for. Please find what type of mobile phone accessories you want to buy for business by typing a word in the Aliexress search at the top above.
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5. Nigerian Haulage Business:
I think you may not be able to afford to start profitable haulage business In Nigeria it requires large start-up capital. It is only for capitalists. But you can start with N20, 000 or N50, 000 by obtaining hired contacts from people, then advertising it to public people and you make money with it when they contact you for haulage service. Simple.
6. Frozen Food Business:
You can trade parts of frozen foods in pack including other crates of eggs and magnums of local vegetable oil starting with as little as N50,000 in your stall if you don’t have enough money to buy deep freezer, KV2 generator and rent shop.
7. Sweets Business:
You can make money daily selling N5, N10 and or N20 sweets including N5 sachets of pure water to pupils and secondary students outside or near the school premises starting with N5, 000, N10, 000, N15,000 or N20,000 you like. It depends on what you have.
8. Shoeshine-Cobbling Service Business:
Selling your shoeshine service to people on Fridays, Saturdays and Sundays including cobbling service at the conspicuous junctions is such a money spinner. The start-up capital for this business is just N500, N1000, up to N10,000. You just buy shoe brush and a Kiwi polishes including other one and make money with it selling shoe services as a cobbler at the busy traffic like U.I, Cocoa House, Dugbe, Challenge, etc.
9. Bookshop Investment Business:
There are two options you can start bookshop investment business in Nigeria with less or more capital. The first option is that you can start with N5000 or N10, 000 by buying a few inspirational books from big bookshop at wholesales and resell it at retail as a wheel stand at the conspicuous junctions. The second is that you can start bookshop and stationery business in Nigeria with N50k up to N100k if you want to start small or N500k or more investment if you want to start big by renting a shop/warehouse, buying a few cartons of inspirational books as well as stationery at distributing price in Kaduna and Lagos and sell it wholesaling and retailing.
10. Mini-kerosene Sales Business:
Kerosene business in Nigeria is not only a very lucrative business, but also is a very volatile business in which you need to watch the market well. If you want to go into venture kerosene business, you can start mini business with N10, 000, N25, 000 or N50, 000, depending on kind of materials you want to buy for example, a few 25-litre jerry cans, hoses, funnels, litres of kerosene and measuring cans. Or if you want to start big, you can start with with N150, 000 or N200, 000, replying on your financial strength by buying materials such as a storage tank, drums, steel cans for measurements, etc. You can buy litres of kerosene cheap from either sales representatives or NNPC.
11. Nigerian Decoration Business:
If you can do decorations skillfully, you can start events or interior business in Nigeria with N20000 and make money charging clients according to the venues or stages and according to what kind of decorations clients want you display in the albums.
12. Raw Foodstuffs Business:
If you want to do as a retailer or a wholesaler, you can start raw wholesale or retail foodstuff business in Nigeria with N20,000 or N50,000 by buying a few bags of raw foodstuffs with others such as magi, jerry can of local vegetable oil, tomato paste, etc and grow below your expectation. Starting and trading foodstuff in Nigeria is one of the most lucrative food business we ever know because foodstuffs consumers can not do it without foods. They need it for daily food. It is hot.
13. Nigerian Call Centre Agency Business:
May be you can start this lucrative business with N15000 or N25000 by buying second-handed Nokia phone, different prepaid lines, different recharged vouchers on GLo, MTN, Airtel, etc with two plastic chairs, one plastic table with a umbrella and make money daily selling lines and vouchers at the conspicuous junctions. It could be both man and woman. Setting up a lucrative call center business in Nigeria is a big goldmine for you if you know what to do it.
14. School Materials Business:
It means a person deals in different kinds of biro, pencil, crayon, eraser, etc for primary and secondary school. I am not sure how much you can start with this business. But you can start with N50, 000 as a test by buying different cartons of biro, pencil, etc at distributing price and sell it at wholesale price in distribution according to your customers’ requirements. This is called stationery business. You can make good profits daily as a stationery supplier or distributor if you establish stationery business in Nigeria at the international market. It costs you much to start a Nigerian stationery business.
15. Nigerian Hair-Weaving Business:
I think starting hair/wig extension business in Nigeria may be hot because I saw that customers still swamped to the hair-weaving or wig-extension distributor at Ogunpa Market. It means it is hot demand. May be you can start hair business in Nigeria with N150,000, N200,000 or much more if you want to deal in as a main distributor. Or may be you can start with N10, 000, N20, 000 or N50,000 by buying a few cartons of X-Pression hair-weave and resell it in long nylon sachet at wholesale or retail if you want. You can gather it together beverage plus toiletries for sales in your shop. Hair bundle business or hair weaving or wig extension business in Nigeria is a big money spinning business. You need to take advantage of this business opportunity.
16. Nigerian stationery Cosmetics-Perfume Oil Business:
Women can make you rich by starting this skincare-and-perfume oils business because they like to spend money on cosmetics or skincare and perfumes to keep them beautiful body. Before starting perfume oil production and skincare business in Nigeria with any capital you can afford to, you must have knowledge of their skins by choosing right kinds of cosmetics or organic skincare and perfume oils because they have different skins.
17.Polythene Shopping-bags Business:
You can start polythene or nylon bags business in Nigeria with any capital from N1000 to N50,000 by buying different sizes of packaging bags and shopping-bags from a producer at cheap price and selling it at wholesale if you want to deal as a distributor or at retail if you want to do as a retailer. It is very hot because marketers, shoppers, customers need it daily for packing in size, shopping, storing, carrying, etc. You can start with your own customized nylon bags business in Nigeria and make hundred of thousands naira marketing and distributing it if you have financial strength. Packaging bags business in Nigeria is a a real money-spinning business many may not know it.
18. Nigerian Home Appliances Industry:
For minor home appliance industry, you can start with N10,000 or up N50,000 by buying different appliances like plugs, bulbs, sockets, etc at wholesale price and selling it at retail.For major home appliances Industry in Nigeria, you can start with N200,000 or up N500,000 by buying different kinds of standing fans, generators, stabilizers, big radio, freezers, etc worth of millions from electronics manufacturers in your big warehouse. It is high profit. It is hot because demand for electronics in Nigeria is high daily. Try to visit electronics marketing businessmen around at Dugbe, and you will be amazed how hot this demand for electronics in Nigeria is.
19. Casual Wear For Business:
Before You can start with any start-up capital from N10,000 to N100,000, decide which gender wear you want to trade. Is it ladies, is it men or is it babies you want to start casual clothes or wear for business in Nigeria? You decide what gender you want to set up casual clothes or wear for successful business. Check on Aliexpress shop for casual wears you want to import for wear business. They are so cheap if you name China or USA or UK casual wears in the Amazon search. Try it.
20. Nigerian Transportation Business:
If you have money from N100,000 to N500,000 and you interest in transportation business in Nigeria, you can buy either motorbike, tricycle known as keke bike or taxi car and make money with it daily. Investing in transportation business in Nigeria on the right place on the right time can fetch you hundreds of thousands naira daily. That is why smart banks and discerning investors walk into this hot opportunity by partnering with transportation company in Nigeria on their offerings on loan or capital.
The above are the researched business you can start in Nigeria with low capital and still be able to mae big gains. There are many more top businesses I can not post in this blog especial e-book. I hope you enjoy this lesson, ‘Small Business Ideas In Nigeria With Low Capital’?
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Source: Investment For Business