5 Business Ideas You Can Start With Less Than 20,000 Naira
Starting a business could be overwhelming at first, and many people have always been looking out for the best business ideas that could work. If you want to understand about what are the best business ideas to try in Nigeria, as well as how you can work with a limited budget to expand your business, then you have come to the right place.
Here, we are going to tell you about how to start up a business with less than 20,000 naira and how you can manage it well even with a very limited budget.
What Is The Best Business With Less Than 20,000 Naira?
You don’t need to have an inheritance fortune or gather a lot of fortune to start a small business in Nigeria. As you can see, there are several ideas of business that you can start even with so little capital, and it is safe to say that most of them could give you lucrative benefits. Therefore, here are 5 types of business ideas that you can try in Nigeria.
1. Okrika
Okrika is pre-loved clothes or fairly used clothes that have been imported and donated from all around the world. Many Nigerians love the idea of buying, and using Okrikas clothes that have been imported, and donated from many different parts of the world, including Belgium, the US, the UK, and many more.
Okrika is one of the most promising lines of business, you can get lucrative benefits from reselling the clothes.
2. Home Cooking Business
There is nothing better than warm home-cooked meals, and the home cook business could be beneficial in no time, without needing much money in investment. A lot of people would prefer to have a home-cooked meal that they can order online, some home cook like stews, and soups, with this kind of business, it would only need a very little amount of investment.
You can start with your home kitchen, with a few menus available, such as beef stews, soups, and Jollof rice, after that you can expand from there.
3. Bottled water or beverages
The bottled water, sachet, or beverages business has been booming lately in Nigeria, especially the cold water, sachet, and sweet beverages business. It would only need very little money and investment, and it is a practically low risk too.
4. Liquid Soap Production
With the Covid-19 has been spreading around in Nigeria, it is a good idea to sell and produce liquid soap, as it only requires so little capital, and is nonetheless very easy to startup. It is very possible that you can start this business for less than 20,000 Naira.
5. Computer Centre/Cyber Cafe
People nowadays need the internet for many things but there are some people who still do not have access to it. That’s why there are still people who need to go to cyber cafe. This could be an opportunity for you to open one. If you have a limited budget, you can start from renting a computer or buy a thrift computer first. You can mainly provide internet for them to use. The profit is pretty good for side income.
Conclusion
There are several ideas you can try to start your business with low capital. It always has its own risks in opening a business but starting with low capital can minimize its risk. You can also try to make money online as your side income.
