On this article I will show you a list of lucrative businesses you can start in Nigeria with less than ₦50,000 and make reasonable amount of money from it if done properly.
Based on my recent research, this businesses are the profitable business one can venture into with the above mentioned capital and expect good income from it.
Nigeria is a well strong economical country, just that it’s not been well manage by our government, but still people are becoming millionaires every day from their personal businesses. Many millionaires in Nigeria today started with small amount of money as beginners and today they have become the big names to be mentioned all over Africa when it comes to business.
You can also startup something now and become a great business man or woman tomorrow, remember a journey of a thousand miles they say begins from a step.
Popcorn Production Business
People buy snacks ever now and then, and popcorn is one of the most selling snacks, because people eat it in their home, along the road, in their shops, vehicle and even in the cinemas. Staring popcorn business doesn’t required a shop to get started, in most cases it only required an exposed environment. Popcorn business has no gender discrimination and if you get the right tools for popcorn, the business is totally stress free, also you can be making good amount of money daily if you are in a busy location.
Sales of DVD/CD Business
selling of DVD plate is a very lucrative business in Nigeria, people buy music and movies everyday. If you don’t like Nigeria movies I am sure you like American movies, how about India, Chinese and Philippines movies? This is a money splitting business but many people thought there is no money there.
Do you know how much those movies you buy for ₦150 are been sold to the retailers? In case you don’t know, their wholesales price is ₦25 each in Alaba market.
Now those guys sell these movies for ₦150 to people, definitely making ₦125 on every CD they sale. Let assume he was able to sold to 40 people daily, that is ₦125×40 = ₦5,000 and his capital for this is ₦1,000. This is to say that the person you do buy CD from is making ₦5,000 daily and ₦150,000 monthly. Some people will ask how is it possible for him to sell 40 movies daily? Now let me explain to you how.
Do you know that those movies have season 1 season 2 season 3 even season 11? one particular person can buy from 1 to 5 if it’s up to, because no one want to watch half movie, this means one person can spend up to ₦1,250 buying from season 1 to season 5. That same person might see another interesting movie and decide to include it.
Phone Accessories Business
Phone accessories are phone stuffs like phone chargers, air pies, USB drive, memory card etc.
people have issues with their phone accessories every day mostly chargers. This business is very lucrative if you are in a busy location. starting this business is not costly, you can start this business with 20,000 naira. You must have bought charger or ear pies before, this is to say people are buying it always due improper making of chargers this days, people run into one problem or the other with their chargers, and required them to get new, because they can’t throw their phone away.
If you are ready for this business you can partner in shop with any body that sell phones, or even if you are in Lagos and close to computer village you can take them to any free space and arrange your phone accessories, there are millions of people going to computer village every days.
Fish Fingerlings Production Business
Have you seen catfish before? the baby of catfish is called fingerlings. If you are a person that like agriculture such as farming, then you can venture into this business as it very lucrative but it required some skills. There are places to acquire the skill in most cases it cost you nothing. The process of producing fingerlings is easy, the only important thing is getting buyers ready before production.
This business is lucrative, you can make up to 50,000 Naira in your first production that spend just 4,000 Naira on. fingerlings farming is very lucrative.
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Live Stock Poultry Business
Agriculture product are expensive in Nigeria because business men don’t face it. You can do poultry farming right in your backyard. You can buy a big cage that can contain up to 10 chickens, and in just 5 months you can start selling them for 3,000 naira each specially in season of celebration. with 30000 you can start this business comfortably and there is no too much stress on it.