Thursday, 14 June 2018

While you are waiting for that perfect job or pay-check remember your bills don’t wait. No matter how much you have you can start a side hustle to stay afloat and even build an empire from little or nothing.

Thinking of where to start or what you can do? Below are 20 Businesses you can start with less than hundred thousand naira(100k) In Nigeria as shared on twitter by @boda_lanre.

1.      Bedding: Pay a visit to Lagos Island or Oshodi where they sell bulk materials, pick good designs. There are standby tailors within the same market that can help with sewing. Package them neatly, you can start will less that 100k and diligently grow your money.

2.     Fashion Apparel Production: Like beddings, there are good fabric markets across the country where you can get quality, tasteful fabrics and professional tailors to help you produce beautiful clothings for both male and female. Aba and Lagos Island are the most popular fabric markets in Nigeria where you can get shirt materials ranging from about 1k per-yard sew for less than 2k; Sell for 5k-7k. The cost of producing one boxers can be like three hundred naira (#300),  all you need is to do is package it in 3s and sell them for 1about 2k sell or less. Start with selling to your friends and family. It sells out pretty fast.

3.     E-Payment Agent: If you live in areas with poor banking presence you can handle e-payments with POS machine and earn commission from it. You can a get POS machine from your Bank and activate online banking. People without bank accounts can get cash transfers through you and you can charge as much as #500 for withdrawals especially when there is a desperate need for it.

4.     Mobile Accessories USB cables, HDMI cables, earphones etc.  can be sourced on Alibaba, Ali Express, Deal Extreme, etc. The more you buy the lower the price and they are light weight for shipping. You can sell them on e-commerce and social media platforms.

5.     Pop Corn: All you need to start this business is a machine, nylon, corn (maize), sugar, salt and butter. Manual sealing machine sells for less than 10k Popcorn Machine is 65k on Jumia. Popcorn can be served at birthday parties, schools and anywhere.

6.     Sporting Souvenirs: Football team supporters always want to express their support for their teams. Customized sporting souvenirs such as jerseys, wrist bands, back packs, caps, neck mufflers, flags, branded car accessories sell very fast.

7.     Snail Farming: Agriculture is big deal in Nigeria it is relatively cheap to start and if you market your products well, your business will thrive. This is a business you can start from your backyard. Most agric produce usually follow times and seasons. Snails take almost a year to mature so Patience is Key but it is worth the wait.

8.    Fairly Used Goods: Jeans, Tops, t-shirts, shoes etc. move pretty fast in Nigeria. They could be sourced at Badagry, Cotonou or even direct from importers at Apapa wharf. 100k may not get you a bale but you can select and mix them. Wash and pack neatly. Marketing is all it takes, it sells fast and is profitable.

9.     Cleaning Services: Some people find it hard to clean their apartments because their busy schedule. They just want to rest when they can so, they employ cleaners to take care of chores etc. Your tools won't cost you up to 30k and you can clean 6 apartments weekly.

10.Home Cooking and Delivery: You can cook a variety of meals well and apply customer service, People will pay good money for your services, You can run this from home, cook and deliver. Most times you get part payment before cooking. So, this business is a low hanging fruit for any good cook and quite a cashcow.

11.  Digital Marketing: The success of any business is in its ability to effectively reach your target market and this is achieved by effective marketing. All you need for this business is a mobile device/ laptop and internet. Get some digital training to understand how to navigate social media for commercial purpose and you are set for business. With passion, persistence and dexterity, you will breakthrough. The opportunities in this business are limitless.

12. Confectionery: With the required baking skill, a decent oven, baking tools, passion and excellent customer service, you are in for a big deal.

13. Fabric Stoning: Stoned fabrics are in high demands now for Aso-oke, Ankara etc. You just have to learn how to bead and unlock your creative mind. You can learn and buy the stoning tools from Lagos Island.

14. Bead Making: Bead making training usually comes at less than 50k. You just need passion, creativity and good networking skills to thrive in this business. There is a bead market at dopemu and you don't need 100k to start this.

15. Barbing: You can focus on home service, that way you eliminate cost of renting and managing a shop. You only need to learn the skill, get a quality clipper (rechargeable better) and accessories. Start from within your network, do good job and get.

16. Tutorials: No matter your age, this is another well-paying job, either as part-time or full-time. Many families are willing to pay well for their children’s academic success. Even adults who are writing professional exams would be interested in the service. Find a subject that you are very good at, begin to coach others and earn.

17. Internet Services: Do not be deceive by the vast network coverage and the fact that a lot of people can assess it on their phones, You can make so much money downloading Applications, forms and examination results for people. You only need a good computer, printer & Internet Service Provider (ISP). People pay good money for these services.

18.Snacks: Production of zobo, plantain chips, smoothies, cocktail, small chops, cupcakes and chinchin is a good example of profitable, fast moving business you can start with less than 100k. Find a place to learn how to make any of these (you can even learn so many), package your own differently i.e. make a combo, get branded packs etc. and you are ste to make money.

19. Wig Making: Braided wig is big deal  right now and you can cash in on it as long as you can braid (you can learn to braid). Buying a doll and wig making tools will does not cost much. You can produce a wig for as low as 5k and sell for as high as 15k depending on your skill and network.

20. Capital Re-Investing: You can re-invest your seed Capital in an existing business. Not everyone has the head for business but they can sniff opportunities. You can always sow your money as operating capital and draft an agreement on profit sharing with someone who is already in business.

credit:  Olanrewaju Salu


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