20 Businesses you can start with 100K or less in Nigeria And How To Get Started

Businesses that you can start with 100k or less in Nigeria.

Hello guys, It’s interesting to know you want to start a business here in Nigeria, it’s also commendable that you have already raised 100k, and you’ve been thinking about where you can invest the money that will yield a profit for you.

Despite the economic state in Nigeria whereby the value of naira keeps falling every time, the fact still remains that there are businesses one can go into with just 100k.

The problem is not how to get the money but also to keep the business growing.

Most organizations and firms started very small and as times went on, they began to expand.

If you are consistent in the business with all needed effort, you will be surprise with the growth of the business within one year of starting.

In this post, I will be showing you 20 businesses that you can start with 100k or less in Nigeria.

Here to our list in proper.

Business ideas you can start with 100k or less in Nigeria

1) MINI IMPORTATION

Currently in Nigeria you can start a mini-importation class with as low as 100k in Nigeria.

Mini importation simply means ordering products from manufacturing companies in countries like China.

Most of their products are sold at a cheap rate which you can sell even at a higher price.

Have heard a lady said she imported a wrist watch at the rate of #3350 and sold it for 10k. I assure you that you can double your capital within a few weeks you start.

All you need to do is simply apply for a mini-importation class where you will be put through on how to import goods, get company contacts and so on.

2) DAYCARE SERVICE

A small part of your personal apartment can be used to start your own day-care service, and with just 100K you are good to go, get toys and educational playing materials for a start.

Nowadays, especially mothers are so busy and they need someone to take good and proper care of their wards.

Busy parents who are after the wellbeing of their wards need a HOME away from HOME comfortable for their wards.

All you have to do is to take advantage of this by creating a day-care service.

You can start with children of friends, families and neighbours. Make sure you look presentable for parents to keep their wards with you.

The environment you are using must be safe, neat and hygienic.

3) LAUNDRY SERVICES

You can start your own laundry service in Nigeria currently with less than 100k.

A major part of the money will be used to purchase a washing machine and the remaining money can be used to get other materials needed like pressing iron, detergents, soaps, starch, hangers, nylon for packaging etc.

You can use a part of your apartment for a start-up and a good space to spread the cloth.

People working in cities sometimes do not have time to sit down and do laundry, they prefer to give it out to people and pay them.

If you are honest with your customers and don’t disappoint, they will in turn, be your mouthpiece to others.

4) CAR WASH BUSINESS  

If you live in cities that are well populated, the car wash business is a very lucrative job. Most people don’t have the luxury of time to wash their cars.

The good thing about this business is that you can give it out to a trusted person to run it on your behalf if you have something else to do.

All you need to start this business is a good space and water.

You can run this business alongside selling drinks and snacks.

Most people will want to stay while you wash their car and, in the cause, decide to take a cold drink or probably buy snacks given you two sources of income just in a spot.

5) FOODSTUFFS BUSINESS

Agree with me or not, the foodstuffs business is one of the lucrative businesses that I have seen.

Remember no matter the situation or what happens people must eat.

Remember year 2020, during coronavirus when most businesses or organisations were closed those selling foodstuffs are exempted.

That is because foodstuffs are a daily need for humans.

You need 100k or less to start this foodstuffs business.

You can start by selling rice, spaghetti, beans, vegetable oil, palm oil, noodles etc. because they are meals practically consumed everyday in each home.

All you have to do is secure a place or spot in a populated environment in order to sell to a wide range of people.

6) COOKING AND DELIVERY

Another business you can venture into with 100k or less is cooking food and delivering it to them.

Some people don’t know how to cook while some just hate cooking and some are busy with work which gives them little or no time to cook.

People like this need someone to cook for them. You can take that advantage by providing cooked food to people.

To get more customers you can make use of social media platforms by posting your meals.

If you do this often people will know more about your business and can even offer you catering work for parties and events.

7) CLEANING SERVICES

Another business I can recommend for you is cleaning services which you can start up with 100k

Everyone is busy with one thing or the other, people want things to be done as fast as possible and they will be glad if they see people to do it for them.

So many people and organisations move from one place to another from time to time and will definitely need to clean up their new space.

You can take this advantage by rendering cleaning services to people and in return get paid.

All you need is to get a small vacuum cleaning, brooms, mopping sticks, detergents, towels and other cleaning materials.

You can require the service of some mature teenagers that can help you out in the cleaning to avoid buying huge amounts of money for adults.

As business expands, you can employ more people. For a start you can keep your cleaning materials in your house you don’t need a shop.

8) POPCORN BUSINESS

Popcorn business is another business that you can invest in to make a lot more money than you can ever imagine.

Learn how you can make your popcorn better and sweeter than the common ones. Make it in different flavours, some use sugar others use honey, you can decide to do both.

To start up, you need a popcorn making machine, corn, sugar, honey, milk etc

Another thing that is very important is your packaging, many can decide to buy from you just because of the way you package your own compared to the normal way we know whereby they put it inside white transparent nylon.

Then secure a spot in a populated places like market, front of well-populated school (you can always go there during their closing hours), churches, mosques, amusement park etc

9)POS

POS is one of the businesses you can start in Nigeria as of today with 100k or less

For a while now, this business has been a solution to some people financially most especially in terms of withdrawing.

A very good example is during COVID-19 pandemic, limited people are allowed into the bank to avoid close contact.

Due to this so many people have to look for another means of performing bank transactions.

POS reduces the stress of standing at the ATM to withdraw money or standing inside the bank to send money.

The location you will be using should have a good network and must be secured, it must not be an area prone to robbery attack.

10) PHONE AND GADGETS CHARGING

Currently in Nigeria we don’t have a constant power supply to charge our phones and other gadgets and at the same time we need those gadgets every day.

So many people look for where to charge their phone since they can’t afford to buy a generator.

Getting a small second-hand generator to supply light as a start-up.

You also need a good charger, desktop, a multiple electric socket board for charging, and a mini stall.

One important thing is that your location must be a place where they don’t have light often, this will give them no other option than to come to you to charge and in return pay you.

11) THRIFT WEARS BUSINESS

Another fast growing and profitable business you can go into with 100k currently in Nigeria are selling thrifts either bag, cloth, shoes etc.

First thing is to look for someone to train you in order to know where to get those goods from.

After that pick your own niche and get a way of reaching your customers which can be physically or online.

You can sell thrift wears online in order to access a wide range of people.

Pick a mode of payment convenient for you and also your delivery pattern.

Having a delivery pattern will make more people online to buy from you since they don’t have to meet you physically before buying.

12) FRESH FRUIT JUICE PRODUCTION

Fresh fruit juice production is another type of business though not common but very lucrative.

As we all know that most of the juice and drinks, we take are mostly carbonated. Most people need a change but not everybody has the time to prepare a fresh fruit juice.

You can decide to fill in this gap by producing different fresh fruit juice.

You can have apple juice, pineapple juice, water lemon juice, orange juice, it can even be a mixture of different fruits.

People need this but don’t have the luxury of time to do it.

To get started you need to get different fresh fruit, a blender, flavour, fancy plastic bottles, nylon, and so on.

You can start by buying ice to make it cold.

You can start by selling it at home but make sure you create awareness preferably online or get a spot in a populated area.

13) SELLING ORGANIC SKIN CARE PRODUCTS

Most people online, especially on Instagram, now sell organic skin care products because they sell like magic and you can make a lot of money there.

As the saying goes, looking good is a good business, many people spend a lot of money on creams and cosmetics just because they want to look good, that is while this business is a good one.

To get started you have to go through proper training so as to know how to produce them yourself.

Most people selling all this skin care products now are basically selling to ladies; you can make your own product for men also in order to attract more customers.

You don’t have to get a shop to get started, you can start selling through social media platforms.

14) SOAP MAKING

Since the idea of homemade liquid soap started, people have been going into the business.

This will cost you almost 100k to get started.

People do laundry and house chores which includes washing of plates, mopping etc everyday which means there is always demand or use of soap in each home everyday.

You can fill in the gap by learning how to make soap both liquid and bar. All you have to do is to package it well and sell it.

15) PRODUCTION AND SALES OF HAND SANITIZERS

Hand sanitizers production and sales are one of the businesses you can start with 100k in Nigeria of today.

Take it or leave it, Corona Virus or not, people are very conscious of their health against this virus and other viruses, so the need to sanitize their hands has been taken seriously.

Interestingly, you don’t even up to 100k to start on a medium scale.

All you need to start hand sanitizer production business are Ethanol, Hydrogen peroxide, Glycerol, Sterile distilled, or boiled cold water, all in specific measurable quantities.

Other simple logistics are also involved such as branding and marketing but none of these will exceed 100k.

Check out Tutorial video on how to make Hand sanitizers.

16) Cooking Gas sales

We as humans must eat daily to keep souls and body together and to gain strength needed, if that is the cast, we need gas to cook.

People use gas to cook mostly, event most caterers no longer use the traditional method of cooking using firewood while cooking for an event.

The price of kerosine is higher than the price of 1Kg of gas, so using gas for cooking is now more economical.

It is preferably to start this gas business in a busy area.

Cooking gas sales is one of the businesses you can start in Nigeria with 100k or less.

So, to start your gas business, look for a space around your area, get gas cylinders and other tools needed and start selling your gas.

17) Shawarma Business/ Barbeque Business

Shawarma and barbeque business is one the businesses you can start with 100k or less in Nigeria, most especially if you are living in a very busy area and also student dominated area.

This business requires skills on how to prepare shawarma and barbeque before can venture into it.

This business is very lucrative, so with 100k or less you can things needed and start your business and if your shawarma and barbeque are tasty and special enough, people in your area won’t resist the taste.

18) Sales of ladies’ casual wears

One thing you will agree with is that ladies love to look good all the time, no the economic situation of the country.

In most cases, their wears are cheaper than that of men.

This makes it one of the businesses you can start with 100k in Nigeria.

You don’t really need a shop to start, you can just start selling the wears to your families   and friends for start, then your business will grow from there.

Just sure you have nice wears in stock and don’t make your wears look too expensive.

19) Raw Fruits sales

It has been recommended by health organizations that we should take at least four different types of organic fruits daily, now almost everyone is conscious of their health these days.

In fact, healthy food items and fruits now attracts premium prices in the market. People who understand worth of healthy living will love to pay for these healthy raw fruits.

If you can get a right location for this business and fruits suppliers, you can start this business with 100k or less here in Nigeria.

Just make sure you keep your fruits clean, fresh and attractive people will patronize you.

The main challenge in this business is that fruits are perishable within 3 days while some can last more than that, so just know how to stock your fruit shelves to avoid lost in the business.

20) Production and sales of bedsheets and Pillowcases

These days, people love to change their bedsheets and pillowcases periodically to new ones especially with very colourful and cool designs.

Some households have five or more bedsheets and pillowcases.

You can start this business with 100k or less in Nigeria by getting nice fabrics and get tailors to sow them for you, package them well and start selling.

The production and sales of bedsheets is one of good businesses to start on a budget.

FAQ

Can 100k be enough to start a business in Nigeria?

yes, very well, you can start a small scale business in Nigeria with 100k or less

just go through the list then you will be able to see suggestions of businesses you can start.

Businesses to start with 50k

There are a lots of businesses you can start with 50k or less in Nigeria

Hidden Business Opportunities in Nigeria

Conclusion

In conclusion, there are so many businesses that one can start in Nigeria with 100k in Nigeria.

Lots of people are already doing the type of business you are going into.

The only thing that can make you get more customers than others is the idea of branding/packaging your products well than your competitors,

then your products shouldn’t be too expensive so that it won’t seem as if you are cheating your customers, value of what you sell should be the same value of what the customers pay in exchange.

Another thing is CONSISTENCY, to succeed in business or other aspects of life you need to be consistence in whatsoever you are doing.

 Don’t give up easily even when you are not making so much profit at the initial stage of the business, you will as time goes by.