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Businesses to start with 50k, 100k, 200k in Nigeria 2024: In this article, there are businesses to start with 50k, 100k, 200k in Nigeria 2024 and make at least 150k monthly.
Business to start with 50k, 100k, 200k in Nigeria
Below are the business ideas:
1. CAR WASH BUSINESS:
Car wash business is very lucrative. With 50k, you don't need to think of buying a GEEPEE TANK, all you need to do is find out a building that has a borehole, in a strategic position with space in front of it and meet the owners to use their water.
You will pay them for water and space, then buy the machine. You can buy the machine on Jumia or go to shops that sell generators. Each car costs about 3k to 5k depending on your location.
Let's assume you clean up to 3 cars in a day, you will go home with 9k every day. Now listen, it's not only cars that car washers wash, they wash other things such as RUGS, Radiator, etc. that give them separate money.
2. FRUIT BUSINESS:
This is one business that is neglected but truly generates huge income.
Let me give you a close example, last year, on my way back from Uyo, I stopped around IkotEkpene and bought a stick/bunch of plantain just 800 Naira but came to my town only to be told it worth 1,500 to 2,000 Naira.
Now remember, I didn't buy in bulk ooo. Fruit business is not capital intensive but you can make a huge profit every day. All you need is just a space not a shop or container, Invest 7k in the wooden stuff and use 30 or 35k to start.
WHAT WOULD SELL? Sell Fruits like bananas, apples, pawpaw, guava, watermelon, cucumber, carrot, Orange, grapes, etc.
3. GRINDING BUSINESS:
This is another business you can run in front of your house, very lucrative but only few know it. Is the business of grinding things like beans for moimoi and Akara, maize, tomatoes, Jero and dawa sorguim, etc. They are needed everywhere.
I know of 2 persons feeding their family well with this business and didn't rent any shop - just in front of their building. One machine is ok to start.
4. CAR FAULT DETECTOR:
There is a machine that detects faults in cars. Most times you go to mechanics with one fault in a car but they will end up creating ten more faults for you because they don't know how to detect the specific fault in a car.
As a car fault detector, your responsibility is to place the machine in the car, and it runs the problem of that car in form of a code. Now copy the code to Google and paste it there, it will automatically interpret the meaning of those codes for you.
For one car, you could be paid up to 5k but remember your strength is the mechanics. If they bring you one car and you collect 5k, don't eat alone, encourage them with 1,500 Naira for repeated patronage.
5. ELECTRIC COOKER:
You and I know that the price of gas and kerosene have been skyrocketed. Some people are now back to firewoods while the others have no choice than to beckon of an electric cooker.
With an electric cooker, you don't need to buy kerosene/gas, once there is Nepa light, You can use it to cook anything you want to. Secondly, an electric cooker just as Gas does not give you the stress of washing your pots and kettles because it cooks neat and doesn't dirty your pots.
For You as a businessman, THERE IS ADVANTAGE IN EVERY DISADVANTAGE. This is one business you can sell in your neighborhood and online without renting a shop.
You don't even need to import them JUST GO TO COMPUTER VILLAGE IN LAGOS STATE, you will get them at a very affordable price. Earlier last year, I bought four in my town single cooker was about 4,000 while double (two in one cooker) was 6 thousand here but now, We sent someone to buy a single cooker and she was told TEN THOUSAND NAIRA - the reason for this hype is that the demand for it suddenly increased as a result of the high cost of gas and kerosene.
NOW WHERE CAN YOU SELL THIS PRODUCT!
The best places to sell this product include your neighborhood, Konga, Jiji, Jumia, Facebook groups, Instagram, Google, Telegram and most importantly WhatsApp.
WhatsApp is the best place to make sales, WhatsApp is very efficient. I will be releasing a video on my YouTube channel on how you can use WhatsApp to make more. If interested hit the YouTube link, subscribe now so you will know when I release the video.
6. PROPERTY AGENT:
This business does not necessarily require up to 50k. This is the business of getting houses, lands for clients and they pay you a certain percentage for your services.
This was one of the businesses I did while in the university to cope so I know a little about it. One good thing about this business is that you can't lose a dime.
Before you start taking clients to see the properties, they will pay you a commitment fee so even if they decide not to continue you still have nothing to lose. Some agents get up to 5 to 10 percent the price of any property they dispose.
That is to say, if a land was sold for 10 million Naira, they are entitled to 500k or 1 million Naira. For those of you who may want to sell genuine properties online and make money, you can market for https://gtexthomes.com and get 10 percent of whatever you sell.
The CEO is Dr Stephen Akintayo - one of the Biggest Billionaires in Nigeria who has made it big in real estate and other businesses too. We will have the privilege of interviewing him in this group one of the days.
My only advice to you before you start property agent business in your area is please try and register with their association so you don't enter into trouble.
7. CLEANING SERVICES:
This business involves cleaning people's houses for a pay. You run their house chores and they pay you. I like this business because you can run it from your home without renting any shop and still employ people to help you do the work. You will be needing the following items for this job.
- Vacuum cleaner with attachments
- White cloth rags
- Paper Towels
- Toilet brush
- Toilet Bowl Cleaner
- Broom
- Dustpan & brush
- Dry mop
- Wet mop & bucket
- Latex gloves
- Wet floor signs
- Extension cord
- Window cleaner
- Disinfectant cleaner
- Bathroom cleaner
- Furniture polish
- Soft Scrub product for sinks
- SOS pads
- Feather duster
- High duster
- Caddy with handle to keep your supplies in
(8). OKIRIKA BUSINESS
This is one of the most lucrative businesses you can ever think of.
I know much about this because my wife is into it big time. OKIRIKA Business is the business of selling imported fairly used items such as clothing, shoes, bags, etc. If you invest 50k in this business you can make up to 200k from it - this is real, I am not joking.
The boxers you buy 1k, 2k from boutiques, the boutique people buy it from OKIRIKA WHOLESALE DEALERS at three hundred Naira (#300).
Some of the clothes you buy 5000 Naira they are sold 500.
The Jeans you buy 10k, You will get it 2,500 Naira in OKIRIKA. This is a good business honestly.
But I will advise, if you want to make much profit from this business, don't buy and sell the way you bought them. Take them to a dry cleaner - to iron, pay hundred or two hundred Naira to them and you will be surprised at their difference. The same cloth you bought 500 Naira immediately it left from laundry service people, people will start begging you for 5,000 Naira.
WHERE TO BUY OKIRIKA.
No matter the quantity you want to buy, you can buy from AHIA OHURU IN ABA, ABIA STATE
I must advise, before you go to ABA to buy, carry someone who knows the business very well otherwise you might cause damages for yourself.
(9) FRIED FOOD BUSINESS
Every day you buy fried plantain, Akara, yam, potato, even Agidi and Pap. Have you considered that most of those women who do that make up to 10k profit minimum daily? In a month, AKARA WOMAN is making at least 300k but you as a graduate can't even boast of 50k monthly.
This is why I have always said, if your Degree certificate is not putting food on your table try your SSCE.
In doing this business, you must not start behaving like market women. PACKAGE YOURSELF WELLA. PACKAGE YOUR BUSINESS WELLA. MAKE YOUR BUSINESS ENVIRONMENT VERY NEAT. DO THE FRYING VERY WELL. As long as you are frying it well, people will pack their cars to buy.
In Nigeria, there is a place in BCA ROAD where people queue to buy roasted plantain. Commissioners park their Cars and queue to buy Roasted plantain and beans - You heard me well.
This morning, I drove a long distance to buy Akara, by the way, there are many people that sell Akara around but I had to drive, take all the stress because the woman does it well.
(10) SELL YOUR SKILLS ONLINE:
People are gifted with many things but unfortunately don't use their gifts to make money.
One of the things I, Prudent Joshua, do online is to sell information but many of you may not understand this. What you are reading now is free but is not totally free to someone who might finish reading this and ask me to purchase him one item in large quantity because I will charge for it.
I get angry in my spirit when I see Teachers being paid 30k monthly when you can create a platform online and make at least 100k comfortably teaching the same subject from the comfort of your home.
If you can sing, your singing skill is sellable. If you are into public speaking, your skill is sellable. If you can dance, your skill is sellable. If you can cook good food, your skill is sellable. If you can play piano, your skill is sellable.
Conclusion
There are many money-making ideas, so choose the one that suits your financial situation, skills, and passion.
If you want to sell online, consider opening an online store. If you're on a tight budget, auction used clothing, sell custom designs, offer stock photos, or adopt a drop-in business model.
Professionals who want to monetize their skills can offer tutoring services and online courses. Web development, graphic design, content writing, and SEO are some of the professions with high job and salary rates.
Since not everyone can handle full-time work, a freelance team may be better suited to your needs. Try voice acting, start a podcast, or stream if you like to engage with your audience. Alternatively, experiment with blogging and monetize your website with ads to earn passive income.
We hope this article has helped you understand more about how to make money online. Now put your knowledge to good use, work hard and start making money online today. Thank you!
