We are already in the new year,, and I am sure you have a lot of plans in your head, mostly about good business you can start that can make the difference in 2022 and the rest of your life. Well, I have good news for you because I will share 10 Good businesses you can Start With 100k In Nigeria.
I understand that situation in Nigeria is not favourable at all. Even with 100,000 Naira, you won't be able to do much with, but then a journey of a thousand miles begins with a single step, and we will take that first step this year. Before my list of 10 Good businesses, you can Start With 100k In Nigeria. There are some helpful guides I have already published that you might be interested in below.
If you don't have enough money but can get something like 100k or more, you can start a business with it and grow the business over time. However, I know it's tough to find a good business that such a small amount of money can start, but as I said earlier, I have a piece of good news for you. Below are my recommended 10 Good Businesses you can Start With 100k In Nigeria today.
1. Start selling used items
With just 100,000 Naira, you may start a company selling gently used products and clothing. For the most part, Nigerians opt to purchase gently used products such as electronic devices, clothing, footwear, and other essentials around the home. Selling these products online and off is an option.
You may begin selling Okrika, Nigeria's version of secondhand clothing, for as little as 100,000 Naira. Many individuals prefer to buy Okrika rather than new clothing.
In addition, the country's dismal economy has compelled consumers to purchase only what they can afford. Lagos, Nigeria, is a great place to get Okrika clothing. You can get the best offer from Balogun Market Yaba, Tejuosho, Aswani, Oshodi, Katangua, Badagry, etc.
2. Producing And Selling Fruit Beverages
This is another worthwhile venture that can be launched in Nigeria with as little as N100,000, and you can become successful. Free of additives like colouring, flavouring, and preservatives, Freshly squeezed juice is becoming increasingly popular.
The health implications of processed foods and beverages have driven people to turn away from soft drinks favouring naturally produced fruit drinks, creating an excellent economic potential.
You need to accomplish a few things before starting this business, and you'll also need a location that will boost sales. You have the following choices for selling your fruit drinks:
* Market on the side of the road
* A good shopping centre.
* Cafes and fitness facilities
Alternatively, you may sell it in bulk to supermarkets or restaurants. Aside from that, you'll need to invest in manufacturing equipment to get started. The following are some of the most common manufacturing equipment:
* Fruit washer and elevator
* Pre-heating equipment for fruit crusher juicer, etc.
]h2]3. Food Stuff Business[/h2]
It's impossible to live without food, one of our most fundamental necessities as humans. The food business is one of the finest businesses to start in Nigeria, with less than N100,000.
A large part of food's popularity stems from its being so fundamental to human existence. Anywhere there are people, you can start a food business with any amount you have, even if it's 100,000 Naira.
In addition, you need to know what kind of raw foodstuffs you intend to offer before beginning a food business so that you can find farmers as suppliers. Selling them online or offline depends on how you plan to get them to your customers. You can start with foodstuffs like:
- Flours, etc.
I was hoping you could read my full guide: How to start a foodstuff business in Nigeria (Full Guide)
4. Business of Car Washing
In this day and age, starting a car wash with 100,000 Naira is one of the most profitable ventures one can embark on. Many individuals today don't have the time or energy to wash their vehicles, some are too tired or stressed from a long day at work, and still, others are unable to wash their automobiles properly, so they must resort to using a car wash.
You may establish a car wash company anyplace there are a lot of automobiles and a good supply of water. There are no disadvantages to establishing a vehicle washing company in Nigeria, even during the wet and dry seasons. For starters, finding a decent site is vital. You must pick a location that is easily accessible to everyone.
If you're unable to find a rental, offer to wash people's cars for a fee. There's no question that starting a car wash business with under $100,000 in Nigeria is a terrific way to make money.
Starting a Car Wash Business you will need things like a Machine for cleaning automobiles, a system for storing and generating electricity, water With soap/detergent in a bucket, tyre brushes and towels, etc.
5. Business of Extraction and Marketing of Palm Oil
If none of the aforementioned ventures excites you, you may choose to investigate the palm oil industry.
In this day and age, the palm oil industry is one of the most lucrative endeavours anybody can embark on.
If you want to make a lot of money, you may start exporting palm oil to other nations, which is pretty standard.
Because palm oil's price fluctuates, you can buy and keep it while it's cheap, then sell it when it's costly.
Things to Keep in Mind Before Starting a Palm Oil Company
Start-up considerations for your palm oil business are summarized in the following list.
* Decide on a palm oil business plan that works best for you.
* Get your storage tanks and your space in place.
* Rubbers are required.
* Set up a meeting with your suppliers
* Determine the mode of transportation
* Sell your palm oil on the open market and make a profit.
6. Entrepreneurship in the e-payment/POS sector
The POS (point of sale) industry is one of the fastest-growing sources of revenue. Some consumers would instead use a POS that is even closer to them, even if they must pay a transaction fee, than stand in line at a bank to get cash.
You may become a bank agent and open an E-Payment store for 100,000 Naira. The bank is where you'll acquire your POS.
To become an agent, you'll need to register with the bank of your choosing. You would be handed a POS machine after registering.
Banks offer POS for free, but there are strings attached. In addition, banks levy a fee on each transaction you make. You'll find out how to create a POS company in Nigeria.
Nigerian banks that provide point-of-sale machines may be found on the following list:
* Access Bank
* Eco bank
* Zenith Bank
* First Bank
* Zenith Bank
* First BankRead
: How to Start A POS business in Nigeria (Requirements)
7. Laundry Business
This excellent business concept is also quite simple to get started with. People are so busy these days that doing the laundry isn't even on their list of priorities. This has led to an increase in employment openings.
Your washing business will benefit significantly from a suitable location. People are more likely to notice you if they are in an area where they can see you.
Ideally, your location should be a residential area, an estate, or an affluent neighbourhood with easy access to clean water and other necessities.
Starting a Laundry Business, you will need the following:
Basic Materials For Starting A Laundry Business
* Pressing Iron
* Ironing board
* Laundry detergents/soaps
* Nylon and tags
* Power generator
* Garment conveyor
8. Mini Importation Business
One of the most profitable businesses in Nigeria to start with $100k is a bit importing firm. Importing items at a discount and reselling them at a premium in Nigeria is lucrative. If you want to be successful in business, all you have to do is perform your marketing correctly.
Start with the most popular things you can get your hands on before entering the micro importation industry. To make a purchase, you must first do a market study.
Any country might be a source of import for your business, including China. In Nigeria, you may establish a small importing business.
Among the importable items are:
* Travel bags
* Wireless phone chargers
* Electrical appliances
* Portable USB best lamp, etc.
9. Food preparation and delivery service
One of the most outstanding small businesses to start with $100,000 is a food delivery service in Nigeria. Everyone enjoys eating, but not everyone is capable of preparing delicious meals.
In addition, today's hectic schedules make it impossible for many individuals to cook. Families that eat processed food are putting their health at risk.
Cooking skills and an interest in cooking are all you need to start this business for less than N100,000 (less than $100,000).
You don't even need to rent a shop; you may cook at home and bring your food to clients' homes and workplaces. A busy intersection is an excellent place to cook and sell your wares.
Starting a cooking and delivery business necessitates the purchase of a few essentials such as:
* Plates of different types and sizes
* A gas cooker
* Coolers/stock pots
* Spoons and forks of different sizes
At first, buy what you can afford. Then, when you start producing money, buy the rest of what you can afford.
10. Business of Popcorn
There's a lot of potential in the popcorn industry that hasn't yet been realized. Popcorn is a self-sustaining business that may lead to long-term prosperity if done consistently and with effort.
Popping a kernel of corn on a hot surface results in the snack known as "popcorn."
You can't go wrong with this business concept because popcorn is many people's favourite.
A minimal amount of money is all that is needed to get started, expand, and run the business from the comfort of your own home.
If you want to make a lot of money selling popcorn, you need to go after customers in places like supermarkets, schools, hotels, canteens, and other food establishments.
Additionally, if you want to increase sales, you should put your popcorn machine near a busy road, market, or other commercial places.
To make popcorn, you'll need the following items.
* Vegetable oil
* Powdered milk
Items Needed For Popcorn Business
* Popcorn machine
* Big bowl
* Scooping spoon
* Gas cylinder
There are countless businesses you can venture into no matter how little capital you have, but you must do your research and be sure that you are fully ready for the business. However, to run a successful business, you need to be committed, be consistent and patient because most businesses don't start booming immediately, but after some hard work.