Top 5 Businesses You Can Start With 100,000 In Nigeria
Because of the harsh economic realities, it is now more difficult than before to find businesses you can start in Nigeria with little money.
According to Statista, 32.5 percent of Nigerians were unemployed in 2021, with a projected increase to 33 percent in 2022.
Starting your own business has a number of advantages, including serving as a stepping stone to self-employment and removing the need to look for work.
Here are five businesses in Nigeria that you can start with #100,000 or less. You can also see Top 5 Ways To Make Money Online.
1. POS or E-payment
For obvious reasons, Point of Sale (POS) services are at the top of the list of businesses in Nigeria that can be started with 100,000 naira.
The industry is here to stay because financial transactions are an essential part of daily life, and the banking sector frequently falls short of people’s expectations.
To get started, you’ll need to make sure you’re using a GSM network that works well in your area.
You should also check to see if your place of business is secure, as you will be dealing with cash on a daily basis. After you’ve confirmed everything, you can get your POS machines from any bank.
2. Mobile Food Vendor and Delivery Business
Food is an essential component of human survival. This, among other factors, explains why the online food vending and delivery business is a profitable one that you can start in Nigeria with N100,000 or less.
Many people find it difficult to prepare meals at home due to the nature of their jobs and busy schedules, and as a result, they resort to using the services of these food sellers.
You will need a fast and dependable mode of transportation to start and run this mobile food business successfully.
You don’t need to open a shop or office to cook your meals; you can start from home and gradually expand your business.
Copywriting could be your ticket to financial independence if you have strong writing skills and a command of the English language.
Advertisement copy, blog posts, video scripts, presentations, creative content, and other services are examples of copywriting services.
The primary goal of a copywriter is to weave text in such a way that it persuades or supports a specific product, idea, service, or cause.
Copywriting can be learned in addition to having a natural writing ability. You can read copywriting books, watch YouTube videos, subscribe to copywriting blogs, and enroll in copywriting courses through online learning platforms such as Udemy and Coursera.
4. Graphic Design
As the adage goes, “a picture is worth a thousand words,” and thus graphic design is worth a million words.
The art of using visual communication to convey a specific message is known as graphic design. It combines several elements to communicate a message to a specific audience.
Businesses, government institutions, politicians, partisans, and almost every other aspect of human endeavor employ graphic designers.
To begin graphic design, you do not need to own a store or workspace; the most important thing is to learn the skill.
You can learn graphic design by watching YouTube tutorials and hiring a professional for master classes.
5. Selling Clothes
Clothing’s importance cannot be overstated. Clothing, along with food and shelter, is one of man’s three basic needs.
This makes it one of the most profitable businesses in Nigeria that you can start for 100,000 naira.
Children’s wear, native wear, English wear, jeans, and undergarments are some examples of clothing to sell.
When starting a business, a shop may not be necessary right away because you can simply buy clothes and deliver them to your customers’ doors.
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