There are a number of extremely important factors to consider…
Disclaimer: In business, you need the right attitude else you’ll sink. Ensure friends and family pay for your goods & services. If you feel you’re too big for a certain kind of business, then you will “sink”. There’s something we Yorubas call “Afarawe” Copying others lifestyle, don’t do it!
1. Bedsheet/Beddings Production
Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and I tell you the guys who will sew it for you are just within the same Market. You can start with less than N100,000 and diligently grow your money.
2. Shirt Production
A sweet side hustle. There are tailors in Lagos Island or better learn the skill it will save you all the heartbreaks imaginable. Taiwo Street in Lagos Island is where you should be. Materials ranging from N700 – N1,000 per yard, sew for N1,500-N2,000 Sell for N5,000-N7,000.
Schedule a trip to Aba Market, The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s, and market these babies properly beg your friend on twitter for RTs, we buy 3s pack boxers for N1500-N2500 sell yours for N1200 and gradually grow.
4. E-Payments and POS Business
You can a get POS machine from your Bank, and activate online banking: If you live in a place where banks aren’t much you can handle e-payments for people and make your small change. I paid someone N200 to withdraw N10,000 in Ikorodu. ATM queue was crazy.
5. Mobile and Electronic Accessories
Mobile and electronic Accessories such as Pouches, Chargers, USB cables, HDMI cables, earphones and more, can be sourced on Alibaba, Ali Express, Deal Extreme, etc. The more you buy the lower the price. And they are light so shipping won’t be a burden. Sell on here or Jumia and co.
We all know this guy! We buy every time. Bags of corn – Mile 12 branded nylon Sugar, Salt & Butter. The beauty of this is when properly made, its aroma will attract its customers. Manual sealing machine -N7,000/9,000 Popcorn Machine is N65,000 on Jumia. Popcorn can be served anywhere. It costs less than N40 to make a pack of popcorn.
7. Branding – Sales and Customizing
Football team supporters always want to show how much they’re rooting for a team.
8. Snail Farming
Snail farming in Nigeria is even more popular, due to its relatively cheap cost of startup and If you market your products well, your business will thrive. This is a business you can start from your backyard. Best in mind, snails take almost a year to mature so patience is key!
9. Fairly Used Goods
Fairly used goods such as Jeans, Tops, t-shirts, shoes etc. They can be sourced at Badagry, even Cotonou. N100,000 can’t get you a bale but you can select and mix them. Wash then and pack neatly. Marketing is all it takes, you’ll sell and see your money multiply.
10. Cleaning Services
Some people find it hard to clean their apartments ‘cos they’re busy from Monday to Friday and Saturday they have engagement and on Sunday all they wanna do is rest. Your tools won’t cost you up to N30,000 and you can clean 6 apartments a weekend.
11. Home Cooking and Delivery
You can cook a variety of meals well and apply customer service, People will pay good money for your services, You can run this from home.
12. Digital Marketing
The success of any business is in its ability to effectively reach its teeming customers and this is achieved by effective marketing: Get a used laptop and smartphone, temporarily, your smartphone can double as your hotspot persistence and passion is key.
13. Cakes and Confectionery
This is one business that always comes to play, people celebrate, and bakers are always consulted.
14. Aso-Oke Beading and Stoning
Aso-oke beading and stoning has become sometimes in vogue now, and this is another sweet business one can start with N100,000. You just have to learn how to bead and unlock your creative mind.
15. Bead Making
I’m not sure there’s really much to say here. All you need is training, passion, creativity, unique designs and styles, then adequate marketing. You absolutely don’t need N100,000 to start this.
16. Home Service Barber
This is another profitable small-scale business. The beautiful thing about this is you bring your services to your clients for an extra token above regular. The starting capital to get the equipment is very minimal and I’m sure you know we have rechargeable clippers at affordable prices.
17. Tutorial Classes
No matter your age, this is another well-paying job, either as part-time or full-time. Many families are willing to spend what it takes for their children’s success and there’s one subject you’re well versed at. Just close the gap, meet their need for a fee.
18. Internet Services
Forget the extensive coverage of internet and the fact that people can assess it on their phones, Do you know how much applicants pay just to have Jamb applications filled online? You need a good system, printer & ISP. People pay as much as N1,000 per application
19. Production Of Zobo, Smoothies, cocktail, small chops, cupcakes and chinchin!
You’d realize the importance of this combo cant be ruled out. You can render these services with N100,000 startup capital + proper marketing, branding and packaging.
20. Re-Invest Your seed Capital in an existing business.
Not everyone has the head for business but they can sniff opportunities. You can always sow your money as operating capital and draft an agreement on profit sharing. You can at least support your investment by bringing customers so the business can thrive. Market it on all your social media pages and who knows.
Truth is there so much one can do with very little, it takes persistence, focus, interest and above all hard work. We can’t all be rich but we all shouldn’t be poor.
Thanks for taking time to read through.
God bless all our endeavors.