Profitable Businesses You Can Start with Less than 200,000 Naira in Nigeria

 

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You can comfortably start a business in Nigeria on a budget less than 200,000 Naira, and at the same time, make huge profits from such a business. Below are some of such businesses that you may want to try out.

 Cooking Gas Business

Cooking gas is almost a necessity of every household. Cooked gas with an initial investment in gas cylinders, a scale, and a small shop can be sold. The business is quite lucrative because cooking gas is needed daily.

1. PASSION FOR COOKING: You will cook food of all kinds, especially when the mind is stressed or bored.

Setting up an E-Payment/POS Business

POS businesses are very profitable and lucrative, as there is an increasing need for cashless transactions. You need a POs machine, a small shop, and some cash for transactions. This is very profitable, especially in places where banking facilities are not well available.

Recharge Card Printing Business

Printing and selling recharge cards is an easy, simple business. It will not require large-scale investment. You can start the business with a computer, printer, and a small shop.

Mobile Accessories Business

Mobile accessories like phone covers, chargers, and earpieces have huge demand, making this business very profitable. You can start a small shop with a few types of accessories.

Food Stuff Retailing

Foodstuff retailing is one such business that includes rice, beans, garri, amongst others. This is one kind of business that will never go out of demand. You can start this business with a small shop and stock of food items1.

Production and Sales of Ice Block

Ice blocks are always in demand, especially when electricity is erratic. You can start this business with an ice block making the machine and a freezer. 

Pastries/Baking Business

You may also start a small bakery if you can bake. You can bake cakes, bread, and pastries from home to sell to shops and individuals at large.

Bead Jewelry Making & Sales

Beaded jewelry making and selling are one of those creative businesses that promise good returns on a relatively small investment in beads and other materials.

Mini Importation

Importation businesses have become popular these days, especially considering the recent growth in the field of e-commerce. Small items, right from electronics to fashion accessories, can be imported and sold online as well.

 Blogging

If you have an interest in writing, you may start blogging. You would purchase a domain and hosting, create a blog, and monetize it with ads and affiliate marketing.

Freelancing

Writing, graphic designs, or web development services provided on freelancing websites are among the cool methods of earning money. Basically, all you need to start this business is a computer and an internet connection. 

Digital Marketing Agency

As more and more businesses are going online, so the requirement for digital marketing services is growing. You can sell your skills in social media management, SEO, content creation.

Web Designing

You can initiate a web designing company if you know how to design websites. You can design websites for small businesses and individuals.

With the right business idea and some serious dedication, it's very well possible to start a business with less than 200,000 Naira. For more business ideas, visit SureJobs.

I hope above list motivates you to take your first step as an entrepreneur. Which of the above businesses you are most interested in?