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Starting a business with ₦100,000 in Nigeria requires careful consideration of the market, costs, and potential profitability. The amount may sound small, but many have achieved much more with less. Note that this amount can only work for you if you are trading or working from home or mobile trading.
This analysis does not consist of cost of renting a new shop or apartment as that on its own is shockingly large.
Here are some business ideas you can explore with that budget:
- Food Catering or Snack Vending:
Start a small-scale food catering service or snack vending business. You can focus on snacks like chin-chin, puff-puff, or small chops, which are popular and relatively easy to produce. - Mobile Phone Accessories:
Sell mobile phone accessories like phone cases, screen protectors, chargers, and earphones. You can start by selling online or in busy marketplaces. - Freelance Services: Offer freelance services such as graphic design, content writing, social media management, or website development. You can leverage online platforms to find clients and build your portfolio.
- Retailing: Start a small retail business selling everyday items like groceries, toiletries, or household goods. Consider setting up a mini-shop in a high-traffic area or selling through social media platforms.
- Agribusiness:
Start a small-scale agricultural venture such as poultry farming (chickens or eggs), snail farming, or vegetable farming. With careful management, you can gradually expand your operations. - Fashion Accessories:
Produce or source fashion accessories like jewelry, handbags, or belts and sell them through online platforms, social media, or local markets. - Cleaning Services: Start a cleaning service targeting homes, offices, or commercial spaces. You can offer services such as general cleaning, post-construction cleaning, or specialized cleaning for events.
- Event Planning: Offer event planning and coordination services for weddings, birthdays, or corporate events. Start small by organizing events for friends and family, and gradually expand your client base through word-of-mouth referrals.
- Digital Marketing Agency: Start a digital marketing agency offering services such as social media management, search engine optimization (SEO), content marketing, and pay-per-click advertising. You can start by offering services to small businesses in your network.
- Laundry and Dry Cleaning: Start a laundry and dry cleaning business catering to individuals and businesses in your locality. You can offer pick-up and delivery services to differentiate yourself from competitors.
- VTU Business: You can earn lots of income from selling data and airtime to people. KINGSVTU is a reputable VTU PORTAL powered by Xpinokings Limited. The portal hosts airtime, data, GOtv, DStv, Startimes, Showmax, electricity bills and exam tokens such as JAMB, NECO, WAEC and NABTEB. KingsVTU has a referral programme that pays you whenever your referrals upgrade to RESELLER or VIP level and also when they buy airtime and data on the platform. You can start with as low as #5000naira. To register on KINGSVTU CLICK HERE.
Before starting any business, it’s essential to conduct thorough research, create a business plan, and consider factors like target market, competition, and sustainability. Additionally, be prepared to adapt and innovate as you grow your business.
Do not forget that PUBLICITY IS KEY to a successful business.
(Credits: credendo.com, pixabay.com)
