Business is a good way to make money.
With the increase in unemployment rate in Nigeria, most Nigerians are looking for ways and things they can do to become self employed and ultimately financially independent.
One amazing thing about Nigeria is that, it has a large population, which means a big market for your products so long as they prove to be useful.
You can start your own business with as low as N50,000 in Nigeria.
With this amount you can establish a business, escape from unemployment and be on your way to financial independence.
Below are are some businesses you can start with as little as 50K and succeed.
1. Production of fresh fruit juice.
Manufacturing companies are one of the highest money making companies.
They need a bit of investment, which will pay off in the long run. One advantage of running a manufacturing company is that you have control over the prices of your products.
You may have thought that you need more than N50,000 for your manufacturing business. Fortunately, N50,000 is enough to produce a fresh juice.
More money will mean more production capability.
This small-scale business is usually in high demand and thrives in cities with large populations. The major customers of this product are individuals, restaurants, hotels, supermarkets and shops.
Study your market, get large orders, fix a tangible price and this way you will sell and make good profits.
2. Small fish or fingerlings business.
Selling of fingerlings on a small scale is very easy to start.
However, you need a source to get the fingerlings once they have hatched. This is usually a big fish farm.
You need a lot of water supply, it also requires vigilance, which means it will take a lot of time and effort.
Interestingly, this small business pays almost 100% or more as interest.
3. Mini importation business.
You need very little amount of money to start a mini importation business.
You can make a reasonable profit from the sales you make and therefore increase income.
The great advantage of this business is that everything can be controlled and handled from the comfort of your room. All you need is a laptop or computer and a fast internet connection.
4. Trading company business.
There are attractive opportunities in helping people sell their products.
You can help sell children’s clothes, jewelries, bags, phones or even digital packages and make profits.
5. Online business
This is a common type of business especially these days where almost everyone has a smart phone.
With N50k, you can start your own small buying and selling business online in Nigeria.
Other little business you can start with the same amount are listed below;
6. Sale of mobile accessories business.
7. Computer repair business.
8. Business restaurant.
9. Production of perfumes and liquid soaps business.
10. Snail farming business.
Take note, For any business to thrive anywhere, you need to have a knowledge of what your customers want and how to reach them.
Do your business deligently and it will reward you.
If this article proves helpful, do well to comment and let us know what you think.
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Originally posted on 04/08/2020 @ 7:36 AM