Small scale business in Nigeria is one of the most active segments in the Nigerian economy.
When people are looking for the easiest way of making money in Nigeria, the first thing they usually think about is going into a small business.
Which is why today we want to share with you our best small business ideas in Nigeria. With as little as ₦20,000, you can start your own lucrative business in Nigeria.
There are so many businesses you can start with just N20000 in this country, so many graduates out there are into businesses as the white-collar jobs are not easy to get.
Below are some businesses you can start with N20000:
Printing recharge cards: In case you did not know, most of the recharge cards you buy were made by regular people. You can go to your local dealer and register with them to distribute the recharge PINs. For this business, all you need is a computer, a printer, and the dealer’s software. This way, you will be able to sell recharge cards with as little as ₦20,000 for startup capital. for every recharge PIN, you buy you get some profit on it when you resell. its a good and lucrative business to start.
Beans Flour: It might be very expensive getting your own beans farm, so all you can do is get beans from a wholesaler and ground them into powder form. This powder form can be used to make Moi Moi, Akara and so on. So many people at home look at the stress of soaking beans and washing it to make Akara and Moi Moi when we have an already made one to just get and do the mixing with the necessary ingredients to prepare the needful.
Poultry farming. Poultry farming is another lucrative business you can do with N20000. You can get chicks at a cheaper price and rare them till they become matured which you can also get more from it. The hen reproduces which can be selling of the eggs and also incubating the eggs for more chicks to be produced. During festive season like Christmas, easter and all, this is the period a poultry farmer gets more profit when so many people buy chicken.
Fish farming. This is another opportunity for utilizing your backyard. You can install a small basin, buy a few fish and fish feed, and you are all set. Fish and fish feed is relatively cheap, and the end product is very profitable.
Snail farming. Just like the previous two options, this type of farming does not require a lot of money or space to start. However, it will bring you quite the profits in a very short time. Snails multiply really fast, and they are very easy to care for. People love eating snail most especially people watching their weight and want to reduce eating meat.
Dry cleaning/laundry. If you want to do laundry business without the machine and renting a olce, you only need #20000 for detergents, hanger and iron and you are good to go. But if you want it bigger, you may need more than #20000. In order to fit into ₦20,000 budget, you need to have a place, a washing machine, and an iron already in your possession. Most of your money will go into buying detergents and advertising your business.
Cloths Selling: You can also go into selling Men and Women thrift wears at an affordable price so you can get more customers to patronize you and once you get customer base, you can now start supplying to your customers anytime they did your services.
Hair Salon: You can just get samples of hair and place it at the front of your house for advert and customers will come to make their hairs, all you need is to buy the necessary things to make hair bit by bit.
Barbing Saloon: You can just get clipper and all the necessary things to start a barbing saloon business and from time to tome you an equip yourself in getting a shop, you can start from home service and telling people about your business.