10 Businesses You Can Start With 100K In Nigeria – [Updated]
Are you tired of working and getting paid peanuts? Then owning your own business is the best thing you could ever wish for, here we have listed the 10 best businesses you can start with 100k.
Starting your own business is usually very difficult, after struggling to get educated and now that you are done with the education you start seeking for jobs. Nigeria currently isn’t fairing well in terms of economy and there is a high rate of unemployment in the country which gives little or no chance to those in search of jobs.
Aside from being educated, generally without mincing words, there is no good job in the country, if you are lucky to find one then be ready to overwork yourself with workloads and at the end of the month, you receive a small amount of money which can feed you let alone buying you clothes and making you live a normal lifestyle.
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For you to find yourself reading this article it means you are tired of working for others or maybe you just decided to be your own boss, that is a great decision and you are lucky to find this article.
We at NaijaXtreme knows that finding a business idea that will be very profitable is difficult these days, it can be so challenging even when you have the money to start up the business and the fact that NaijaXtreme has been receiving different calls from our readers asking to know the best business to start with 100k we have decided to list them here for everyone to read.
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You should know that small businesses are the backbone of every country’s economy, the reason is that they provide employment for other people which the government has been finding hard to do. So, while you as an individual starts a business you are out of the number of unemployed people in the country.
At the same time when your business starts booming you have to employ other people so as to maintain and at the same time increase production of goods or services.
When there is a high rate of unemployment in the country, it is either you join the statistics of the unemployed or you start a business and do something good for yourself.
The big question now is what business can I start with low capital?
In today’s article, we are going to reveal to you 10 businesses you can start with as low as 100,000 Naira. The list you will find here has over the past years make people business owners and also made most people rich, as long as you are not lazy it is expected of you that you will handle your business better than someone else will.
Businesses To Start With 100K Or Less In Nigeria
- Organic Drink Production & Sales
- Sales of Shoes
- Organic Skincare Products production
- Sales Of Bedsheet & Pillowcase
- POS Business/E-payments (Agent Banking) and Internet Data Subscription sales
- Grilling Business
- Barber’s Shop
- Laundry/Dry Cleaning Services
- PopCorn Production & Sales
- Football Viewing Centre
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For every of the listed businesses, you can always start small, as time goes on with your marketing strategy your business will boom. Mind you, the way in which you package your stuff is very important, as a woke person should package your stuff better than the way local market people do theirs.
How to Get Buyers?
After getting your stuff ready for sale another thing that causes headache is how to market your products and get huge sales, here is where the internet and social media comes in.
Everyone can get a customer on social media even a Barber. All the businesses we have listed here can earn you good money if you know what you are doing, you can register on popular social media platforms like the ones below;
- Tik Tok
- Linked In
- Youtube e.t.c.
There are countless of platforms there for you as long as we have people using those platforms so it is considered to be a normal world.
Take good use of social media platforms and once you start having 2,3 to 10 customers you will start seeing those few that patronized you will be the ones advertising your products or services.
Another way to get buyers or people to patronize you is advertising on platforms like Google Adverts, Facebook Advert, Instagram Adverts, and so on. You create a banner and you enroll in adverts on the mentioned platforms, you only need to pay a small amount of money, and then you will be able to target those who need your products either by age range, sex(male/female), working-class and so on.
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We hope we have given you clues on how to start a business with 100k in Nigeria, if you love this article kindly hit the share button below, you can also make use of the comment box in case you have a question or a contribution.