Frequent question: What business can I start with 50000 Naira?

What profitable business can I start with 50K?

Businesses you can start with 50K or less

  • Food Business: Without controversy, food is one of the basic human needs for survival, amongst others, like Shelter, Clothes. …
  • Plantain chips business: …
  • Popcorn business: …
  • Candle production: …
  • Sales of mobile accessories: …
  • Bead making and wire works: …
  • Sales of perfume and other cosmetics: …
  • Hair/Barbing saloon:

Is 50K enough to start a business?

50k is definitely enough to start turning a profit or prove your concept to raise more money. Here are some ideas: Consulting: Choose a niche, and make people pay for your expertise. Areas of expertise could include strategy, acquisitions, software, and business model development.

What business can I start with 10000 Naira?

With 10,000 naira, one can start a small scale drinks and water business by a popular bustop or road junction. You could even ‘jazz’ up your own by adding other more organic home-made drinks like zobo, smoothies and fruit juices.

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What business can I start with 500k in Nigeria?

This article will guide you on some lucrative business ideas that you can start with 500k in Nigeria.

  • POS Business. …
  • Mini Importation Business. …
  • Egg Supply Business. …
  • Real Estate. …
  • Photography. …
  • Cooking Gas Business. …
  • Dropshipping Business. …
  • Dry Cleaning Business.

21.01.2021

How much do I need to start a POS business?

However, the cost to start a pos business in Nigeria should be around ₦250,000 at least. If you intend to offer just one service (e.g withdrawal) ₦150,000 will do. Note that you’ll need some cash at hand to make the withdraws possible. Also, prices of starting are subject to change on your location.

What can I start with 10k?

The business ideas listed here would give you an idea of how to start something with as little as 10k.

  • Join Learnoflix Affiliates. …
  • Freelance writing business. …
  • Fastfood business. …
  • Social media marketing. …
  • Dropshipping. …
  • Mini importation. …
  • Small Scale Agriculture Business. …
  • Fish Farming.

6.03.2020

How can I double my money fast?

7 Ways to Double Your Money (Fast)

  1. Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join.
  2. Buy IPO stock.
  3. Flip sneakers purchased on Stockx on eBay or via the Snkrs app.
  4. Sell freelance services on the Fiverr platform.

23.07.2020

How can I start a business under 50000?

Intelligent Investor compiles for you 50 businesses that you can start with an investment of Rs 50,000 or less-without running to venture capitalists or pleading for bank loans.

50 businesses to start with Rs 50,000.

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FOOD RELATED BUSINESSES
Business Success Factors
Idli/dosa atta Convenient and cheap compared to hotels; coconut chutneys will add value

What Businesses Can I start with 100k?

Here are 60 good businesses to start with 100k in Nigeria:

  • Cooking & delivery business. …
  • Content writer. …
  • Car wash business. …
  • Daycare services. …
  • Fairly used goods or second hand items. …
  • Laundry business. …
  • Mini importation business. …
  • Production and sales of hand sanitizers.

22.01.2021

What business is good for beginners?

Best Small Business Ideas in the Philippines [Editor’s Picks]

  1. Digital Marketing Services. Capital: P1,000 – P5,000. …
  2. Vending Machine. Capital: P10,000 – P20,000. …
  3. Manufacturing or selling ready-to-assemble furniture. Capital: P80,000 – P500,000. …
  4. Storage Rental Services. Capital: P300,000 – P700,000. …
  5. Street Food.

What can I invest in with 50K in Nigeria?

20 Businesses You Can Start With 50,000 Naira in Nigeria

  • Baking Business. Baking is a thriving business in Nigeria. …
  • Fast food Business. The importance of food can never be overemphasized. …
  • Plantain Chips Business. This is also a very lucrative business. …
  • Selling Drinks and Water. …
  • Small Scale Farming. …
  • Smoked Fish Business. …
  • Soap Production. …
  • Home and Beauty Products.

Can I start a business with 10k?

You can get ideas to startup businesses under 10K. It is that easy today. Gone are the days of heavy investments and having a large capital. With only 10k or even less you can start your own business as per your choice.

What is the fastest growing business in Nigeria?

Top 10 Fastest Growing Businesses in Nigeria Currently

  • Agriculture business. Most of the food consumed in Nigeria can be equally produced in Nigeria. …
  • Exportation business. Exportation business is a fast-growing business in Nigeria today. …
  • Private security business. …
  • Facilities maintenance business. …
  • Real estate business. …
  • Haulage business. …
  • Online business. …
  • Waste management business.
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What can I do with 2 million naira?

With two million naira in account, you can invest into businesses like recharge card dealership which allow you to represent the mobile telecommunication networks as a dealer for distributing or selling recharge cards and data bundles to subscribers/customers across the nation.

What sells fast in Nigeria?

Top 15 High Demand And Fast Selling Products in 2020

  • Electronic Goods. …
  • Fashion Items. …
  • Cosmetic Product. …
  • Health And Wellness Products. …
  • Hair Wig And Extensions. …
  • Baby Accessories. …
  • Food And Groceries. …
  • Phones And Accessories.
Hai Afrika!