See 5 Businesses You Can Start with N100K in Nigeria – No. 2 is more Profitable
You are not alone if you desire to be your own boss or are concerned about the costs of starting your own business. Many people believe that beginning a business requires a large investment, however this is not always the case. Starting a business does not always necessitate a large capital investment; you can easily launch your own firm with as little as N100,000 and potentially transform it into a flourishing enterprise. In this article, HowNG will walk you through several intriguing business ideas that are not only inexpensive to start but also have the potential to generate substantial profits.
- Cooking gas Cooking gas demand in Nigeria has continuously increased due to its convenience and environmental benefits. Starting a cooking gas distribution company might be a profitable endeavor. You can buy and establish a gas cylinder refilling station in a strategic place with your N100k money. Begin by researching safety standards, locating a suitable location, purchasing equipment, and developing partnerships with gas providers. Invest in security measures as well, and advertise your company through local advertising and online channels.
- Phone accessories Phone accessories such as chargers, cases, screen protectors, and earphones are in high demand in the smartphone business. By purchasing products from wholesalers or manufacturers, you can start a phone accessory retail business with as little as N100,000. Set up a small kiosk or an online store to reach a larger audience. Offering one-of-a-kind, high-quality accessories as well as exceptional customer service will help you stand out in this crowded market.
- Real estate agent In Nigeria, real estate is a thriving industry, and becoming a real estate agent is a feasible business option. You can use N100,000 to purchase important marketing materials such as business cards, flyers, and a website to promote your services. Building a network of contacts in the real estate sector and focusing on a specific expertise, such as residential or commercial properties, can assist you in finding clients and earning commissions on successful sales.
- Soap Making Entrepreneurs can make and sell handcrafted soaps, bath bombs, and skincare items in the beauty and personal care industry. With a N100,000 budget, you can start this business from home by purchasing bulk goods and packaging materials. Once you’ve learned enough, you can experiment with different recipes to develop one-of-a-kind products that appeal to diverse skin types and preferences. Building an online presence through social media and e-commerce platforms is critical since it allows you to reach a larger audience.
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Foodstuff The food industry is a consistently profitable industry, and selling food can be a profitable business with a cheap initial cost. With N100,000, you can buy large quantities of popular foods such as rice, beans, spices, and cooking oil. Set up a small retail business in your neighborhood, or try delivering food to customers’ doors.
Investigate local food demand, form supplier relationships, choose a retail or delivery model, devise a competitive pricing plan, and build trust via consistent quality and customer service
