What kind of business can I start in Nigeria with N10,000? We’ve received that question so many times that I’ve chosen to give a valuable response today.
Starting a business in Nigeria can be a challenging endeavour. From government restrictions to the high initial expenditures required to establish many firms, it can be a mammoth job for those with low incomes to start their own businesses. Many students, young graduates, and low-income people in Nigeria are looking for businesses that they can start with as little as $10,000. Still, they are finding it difficult to discover those kinds of companies due to the value of the Naira.
As a result, we saw this as a personal quest to uncover businesses that Nigerians may start for as little as N10,000 and share them with our thronging audience so they can take control of their future and bring value to themselves and society at large.
Here are ten excellent businesses in Nigeria that you may start with N10,000 Naira.
1. Snacks / Small Chops
Snacks or Small chops are popular and acceptable here in Nigeria that may earn you a decent living if done correctly. Nigerians enjoy eating little chops during events, but did you know that you can sell small chops on a regular basis and still make a good living?
I recall a little chops vendor on my previous street, and believe me when I tell this guy makes a lot of sales every day. There are tactics you can employ to help your small chops business succeed. But, before we get there, let’s go through what you’ll need to start a small chops business and how much it will cost.
The majority of the equipment required to start a small chops business is already in your kitchen. So the plan is to start small and scale up as demand grows. As a result, you may utilise the entire initial cost of 10,000 Naira to purchase the materials required to create your little chops.
2. Second-hand Clothes / Okrika
Small-scale second-hand clothing sales are another business in Nigeria that you can start with 10,000 Naira. Here’s how you can start and earn:
You go to a neighbourhood market where used clothes (Okrika) are sold. You can buy roughly 8-10 first-grade garments with your initial capital of 10,000 Naira. After that, you can market to your family and friends and sell the outfits for somewhere between 1,500 and 2,500 Naira, depending on how well they appear.
To make your business stand out, you should wash, starch, iron, and package the clothing before selling them. With this simple company, you might profit up to 5,000 Naira for each stock you purchase.
3. Begin a Small-Scale Laundry Service From Home
This is a company that takes tenacity, dedication, and perseverance. If you have all of these characteristics, you won’t need any beginning funds to get started. All you have to do is find the highbrow areas in your neighbourhood, approach the individuals that live there, and offer them your services.
You must now accept that most of these people will not immediately trust you. Nonetheless, if you are honest with them, they will open up to you and begin giving you items to wash. You might charge each cloth washed or per look, depending on the customer.
4. Mobile Data Reselling
This is an excellent venture because you will always have consumers. For many Nigerians, the cost of data subscriptions has long been a source of concern. As a result, Nigerians are continually looking for lower-cost data services. There are various data selling services that provide cheaper data subscriptions, but many Nigerians are unaware of them.
As a result, you can capitalise on this fact and become a low-cost data reseller to your friends and close network. All you have to do is sign up as an agent with one of the networks, fund your account with your 10,000 Naira startup cash, and start marketing your business. Most of these networks will sell to you as an agent at a lower price so that you may resell and profit. In any case, you may add 50 Naira to the cost of data and still sell it for an absurdly low price compared to what legitimate service providers sell.
5. Home Cleaning Services
This is another wonderful 10K business you may start in Nigeria. It is as simple as sweeping, mopping, vacuuming, and dusting the house, and depending on how deep you can go, you may need to clean the toilets, bathrooms, electrical sets, kitchen, and so on.
You must establish an arrangement with your client and make a good cut for yourself; this is a low-cost or no-cost business to start; you will only need to pay money if you are taking transportation to your client’s house or office. You may also need to purchase some cleaning supplies.
This type of job may appear to you to be a poor man’s business, but you are mistaken; your success is dependent on you. We have seen people start small and now have employees working for them; they developed brands from the cleaning business, and you can do the same.
That’s all for today, above are the easiest N20,000 businesses your can start in Nigeria.
You can also check out The Top 10 Small Business Ideas In Nigeria That Generate Millions (2022)