15 Lucrative Businesses To Start With 50k In Nigeria

Published by Owolabi Abdulmujeeb A. on

Success takes sacrifice, and the ride of a thousand miles starts with a step, is no new news. However, in the records of economic stability, money-making, cash multiplication, cash administration is pretty essential.

It’s additionally no information that elevating capital for enterprise startups is now not easy. So if you can control to store up to fifty thousand naira, then we will exhibit you companies you can begin with 50k or less.

Money multiplication is important, and cash begets money; exclusive capital with one-of-a-kind results, and exclusive commercial enterprise with an exclusive degree of risk. Every person questioning in cash multiplication, both to extend the flow of earnings or to beautify economic steadiness have to typically be a risk-taker; Highlighted beneath are some lists of organizations that you can begin with 50k or less.

POPCORN PRODUCTION

Making and promoting popcorn is every other worthwhile enterprise you can undertaking into. You can get the computer for about 40000 – 45000 naira; then you get the substances which are corn, butter and sugar.

Popcorn Production

Your area matters a lot in this business; so we propose you remain in a busy location such as a famous bus quit or shut to a giant school.

SALES OF DRINKS AND WATER

This business can be started for as little as N30,000. All you’ll need is a decent cooler and a variety of drink packets. If you opt to sell on the street, don’t expect a large crowd.

SHAWARMA/BARBECUE

People dwelling in city areas like Lagos love each sharwama and barbecue and purchase the day in day out. This skill that the enterprise is doable and worthwhile if you set it up in a city area.

For this business, you want to purchase to be aware of how to make sharwama and/or barbecue or perhaps appoint a professional to make it.

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Then you want to purchase a grilling computer and get the shawarma ingredients and locate a profitable place like big income potential.

DIGITAL MARKETING

This industry is booming right now. If you’re good at managing social media accounts, you may establish your own social media management company, pitch an enticing portfolio to small and large businesses, and get paid a monthly fee to help them reach their desired audience.

CONTENT CREATION

Content Writer

You name it: content writers, copywriters, scriptwriters, and bloggers. Today, writing has become a very lucrative business.

If you have excellent writing skills, you can create an online platform and market yourself to those who require your services.

GRAPHIC DESIGNING

Another popular business in Nigeria is this one. You can start your own graphic design business and gain clients if you are skilled at designing and creating images using platforms such as Canvas and Photoshop.

CATFISH FARMING

This business is profitable and causes you less stress. It’s critical to comprehend the business’s foundations and how to care for the catfish. All you need to get started on a small scale with 50 thousand naira is two large drums and access to water.

Then you must purchase fingerlings (at a cost of 2 naira apiece) and feeds (aprox 25k for 200 fish). Then keep an eye on your fingerlings as they mature into large, fleshy catfish.

You can sell one for as much as N1,000 or perhaps more depending on where you live when it is completely developed. As you can see, the company will make you a lot of money.

MINI IMPORTATION

Nigeria relies on the importation, it a shucking aspect that Nigeria import suits and enamel picks, however, we can’t do except them so on the grounds that we are now not equipped to produce them we have to maintain importing this stuff.

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There are so many gadgets out there to import that will pastime Nigerians.

In an interview with a Nigerian importer, he mentioned that importation commercial enterprise is rewarding, and each and every Nigerian who recognizes how to go about it is certain to be a millionaire in the nearest future.

According to him, he mentioned that importation commercial enterprise can be commenced with 20000 to 50000 naira and be certain of making 150000 Naira monthly if importing the proper products.

RECHARGE CARDS VENDOR

Almost everyone in Nigeria owns a cellphone, and we all know that airtime is the equivalent of a phone’s battery life. You can expect high sales if you start in a busy area.

You’ll need an umbrella, two plastic chairs, and a table for this business, all of which can be purchased for under N15,000.

Then you’ll need to get recharge cards from reputable wholesalers; for around N20k, you may get a large quantity of recharge cards and be on your way.

Furthermore, the location is critical, as a busy location attracts high sales while also posing a high risk. Most importantly, you must be present at all times or hire a trustworthy person.

SALES OF PHONES

You can profit from the sale of low-cost phones. You’ll need to buy cheap phones for around N2,500 each, as well as a show glass and a good location. That’s all there is to it!

This business is a very profitable business which does not need close monitoring as long as you can account for the number of the phones.

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The name of the game in this business is location. Get a decent location and a dependable supplier.

SOAP PRODUCTION

Another company you could start is soap making. You can make liquid soaps for bathing or washing, brand them, and sell them to different supermarkets for a week’s worth of supply.

You might also choose to promote your soap on social media sites such as Instagram or Facebook before delivering it to your consumers.

FASHION AND BEAUTY PRODUCTS 

You can begin creating and selling beauty items such as facial creams, liquid or bar soaps. The necessary substances are readily available on the market.

All of these things may be made for less than 50,000 Naira.

HAIR/BARBING SALON

This is yet another excellent source of money for you. If you don’t have a business location, you could start at home or offer home services.

All you need to do now is get the essential instruments for your art, such as scissors, combs, and brushes, and advertise yourself.

MAKE-UP ARTISTRY

In today’s Nigeria, this is a very popular business. This is a really lucrative industry to get into if you are interested in beauty and fashion. Make-up for weddings, parties, and other events is something you could do.

You might even charge them for the entire period of the makeup lesson. In the long run, you might be able to open a makeup studio!

JEWELRY/BEAD MAKING BUSINESS

This is a business that is incredibly simple to establish. You can make necklaces and accessories and sell them to customers if you are proficient at manufacturing jewelry.

All you need is the materials to make them, which should cost no more than 50,000 naira.

Thanks for reading.

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