You get the title right, today you’ll understand why it’s said information is power. This time let’s talk about businesses you can do for a small amount of money in Nigeria. You already know the situation of the country right or should I tell you about it? Okay let me just list two, I believe you know the current exchange rate of Dollar to Naira now and I also want to believe you know your president has removed subsidy. Welcome to the reality of Nigeria. Today the situation of the country’s economy isn’t smiling at anyone I bet your shege is closer than it was before but thank God we’re still alive and pushing towards greatness.
Something I realized recently is that Sapa is a close friend of Shege, I don’t like any of them close by, why do I say this? If you must become successful in Nigeria you must Apple some little spice werey, a Yoruba person knows what that word means, it’s a moment to take away this shyness and chase away sapa with anything possible. Let’s dive straight into why we’re here.
You may be wondering why I went so low to as small as 5k in this current economy. Yes 5k is small, it’s even so small that catfish is now worth more than 5k in the market so how can you start a business with such an amount, what’s the magic, haha.. I’ll show you the magic you read on. It’s possible to start a business with 5k but anything below 5k I won’t guarantee that. How about the other amounts such as 10,000 Naira, 20,000 naira, 30,000 naira, 50,000 naira, 100k, 200k or 500k ? If you have any of this amount congratulations, and if you have more then another congratulations. All you just have to do is pick your choice of business from this list I will be showing you below.
Have you heard that success first happens in the mind?
Yes, my dear, the first place to create success is your mind. If you’re able to create it successfully then you’re guaranteed physical success. Everything that works physically has first worked in the mindset of somebody.
The mind is the eyes of the business, without an eye, you won’t move well. As you begin to read this list, I want you to make a good decision and not just go into any of them because you’re looking for immediate money to take care of your bills. You should already know that time waits for no one. you’re getting older every single day and wasting precious time away. The reason you’ll see a fisherman poor and the bank he is keeping his small money rich is because of the mindset, how can you who owns the money poor and someone holding it for you is rich? This is where great thinking and strategy come in.
Though money has a lot of role to play, your mind controls even the money. I have seen someone who started a business without a single product and today he is wealthy. How about Amazon? The products Amazon sells aren’t owned by Amazon but by different vendors. Same with Alibaba Jiji and so many others. Let’s get in deeper.
So what are the businesses you can start and become successful with this amount of money?
With any of the above amounts, you can start these businesses even as low as 5,000 Naira. If you have any of these amounts and looking for what to invest it into then the list of businesses below is for you. I’m giving just all the methods so you can pick from the one you think you can venture into and in addition you can create more ideas from my suggestion.
List of Businesses You Can Do With 10k, 30k, 30k, 50k, or 100k in Nigeria in 2024List of Businesses You Can Do With 10k, 30k, 30k, 50k,100k or 300k to 500k in Nigeria
Rebranding And Supply of Local Food Items
Look at the market today, food is what any living needs daily. I can choose not to buy new clothes for months, I can choose not to make my hair for months but you see food? No one can choose not for even a week. This is to say we need food and water daily. Now go to the market and rebrand something you think can be commonly sold at small grocery stores in the streets and markets. My suggestion will be to dry crayfish, get a small heat sealing machine and nylon, and then buy crayfish of 2k for a start. For so many people who don’t like exposed items at the market, they’ll prefer your sealed Crayfish to the market women own. This is a lucrative business but be creative about it. You’re not the only one reading this post, think and plan the future of your branding business.
The next question is how will you sell it. Package it small small inside the small branding nylon and don’t write your name on it yet since you haven’t gotten NAFDAC approval. Package it in a way that it’ll be 100 Naira per each and then supply it to those small stores in different areas and even top the markets. Give them 70 Naira each. With more profit, produce more and expand your market reach to different locations. When you have enough money get an office and employ more marketers increase production and proceed to obtain NAFDAC approval for your brand. Good luck, you’ll be very successful if you start distribution to different states and even exporting your products.
Challenge: One of the challenges you’ll get is the ability to start talking to local vendors of your business. This is why I stated earlier that if you are serious about chasing Sapa away you must apply boldness which I referred to as a werey and also keep your why attitude away. If you don’t do this and face real life and make it now, soon you’ll be old and you’ll see shege pro max by the time you’re starting something at a very old age. Start now, keep shyness for one side fes joor. Promote your product like your life depends on it. Even if you can apply aggressive marketing, the goal is that you make it in life. Anyone with any of the listed amounts can start this business, the bigger the amount the better.
Sell Products (Local Affiliate)
You have a phone already, you have data or you can buy cheap data, this is what next to do. Do your research on which products can give you a good amount of money or what you have passion or interest Abt. When you’re done with the conclusion of what products are best for your marketing then create an Instagram account for the business and a Facebook page for it also. Give your business or company a name and then start sourcing for the products. it’ll be best you go in person to shops selling that thing you want to market and seek to see the manager, in a kind manner and good attitude market your company to the manager and explain to him that you want to be selling their products when a customer needs to you’ll direct it to him or purchase from him and deliver to the company and ask for his or her permission to do video service the product. If you go in person you’ll likely get an 80% – 90% positive answer than when you chat them up or DM them, this is why I recommend going in person to bid, consider this like you’re bidding for a contract. Since you’re serious with what you’re doing you must have a big mindset and use quality words for what you do. It’s not just “I went to ask” it should be “I went to seal a business partnership contract with the company” Build your boldness and mindset as a future billionaire you’re becoming.
When you conclude the partnership contract, do a very clear video showing yourself and the product, and talk about the product in detail including listing its solution. Take several photos of the product and then go back to your home or office and start working. Next is to edit your page professionally and start posting photos of the products. When your page looks great, you’ll need some followers on your Instagram because people believe businesses with better followers than those with 20-100 followers. at this point no need to wait to get plenty of followers, buy followers, and start your business. There are websites where you can buy 5k followers for about 6k. You can reach me personally for that discussion. Now it’s time to run promotions, fund your Instagram ads account with about 5k-30k, and promote the video of the products you did.
Put the vendor address on your page but don’t just put the full address, if the store number is No.9 Adepele Street, Ikeja Lagos. You can put “009 Adepele, Ikeja Lagos” with this when a customer gets there and cannot find 009 he or she will need to call you for directions, with this you can record your sales without losing your customers to them for no profit. Some customers wouldn’t want to call but try to locate your shop themselves.
If you’re not good at running an advert you’ll end up wasting the money without gain so it’s good you learn the proper way to do it and target the right audience. There are a lot of videos on YouTube you can learn from or you pay an advertising professional to have that done for you. I can have that done for you for a token.
With any of these listed amounts above you can kick-start this business.
If you want to make this effective then you must understand the power of Google. You’re here because you made a search, a lot of people are searching for different things and this includes the product you’re about to go into. You can make a lot of money if you use Google rightfully without spending too much on advertising. If you want to know more about this you can book my private section where I will tell you all you need to do and also help you set it up.
Service Rendering Business
Rendering a service is very lucrative in any area. It only depends on which service you’re tending to. But I would suggest you offer advice on what you’re good at. Some of you who are good at herbal can give instructions on how to solve problems with natural plants at the end and also recommend a product you made. Services like delivery, errands, and online classes can also be lucrative. Before you go into this business ensure you do your proper research and make sure you’re good at something you’re going into and don’t forget passion is the key. Have passion for your business and work hard and continue, don’t also forget that patience and constant strategy improvement will take you a long way.
Become an influencer or own an influencing company
You must admit that social media influencers today are the ones driving big cars and living luxurious lives. Social media is oil money. Influencers like Sabinus, broda Mike, Mark-Angel, Untouchable Comedy and so many of them are crashing out big time. Alibaba recently interviewed Mark-Angel and discovered that Mark Angeles Comedy signed Emmanuella is making over 300m naira from Social Media every month. After broda Mike built an estate for her mom, he has recently built another duplex worth 300m Naira. There’s a lot of money on social media. Mark-Angel on Facebook admits that the money she makes on Facebook monthly is enough to buy even high-quality cars and build very big houses. This is just monthly. Now let’s say you’re a shy person you can just set up the company and look for a team. You’ll be making a lot. But let’s say you can even record your daily lifestyle and grow your audience gradually and start making millions monthly like others too. Let me also let you know that you shouldn’t go into it with expectations or cashing out immediately. Those people cashing out today have been doing it for months and some years. It takes time to start cashing out so I would advise that you get a side hustle while you are into it make sapa no go show u shege.
If you already have a phone with a good camera you’re set, just get your team ready and start doing something fun to watch and watch the millions rolling it. Be unique and have fun while you cash out. Once again don’t use your last cash to go into this without having a side hustle, you might be frustrated and give up before the payday comes.
Groundnut Business
Groundnut Business is lucrative and moves well in all of Nigeria. Get fresh groundnuts from the market and process them to the eating point yourself. You can watch YouTube videos on how to have them processed to the eating level. Package them on a bottle or nylon and supply them to stores around you. My problem with many people is that they see this as just a daily survival business rather than taking it as a company. Imagine having over 5-15 workers and you’re supplying all over your city and archiving over 1,000 – 10,000 supplies daily. Groundnut is a big business. You can proceed to start supplying malls and supermarkets when you have grown and have NAFDAC approval.
Chin-Chin Business
Learn how to make a professional Chin-Chin Business from YouTube videos and start this business. Just like the groundnut Business you can be supplying to stores and supermarkets. You can see that minimi Chin-Chin is one of the most well-known Chin-Chin in Nigeria with very large supplies daily. You can start your company with a small amount by supplying supermarkets and local stores. The more you grow you make more plans for advancing your business. You can start with a plastic package for a price of 100 Naira and later advance to better nylon packaging.
Peanut Cake Business
In Nigeria, we generalize it as peanuts. Generally, peanut means groundnut while peanut Cake is what we know as peanut in Nigeria. This is a very lucrative business and you can turn it into a company if you get serious with it. Just like the Chin-Chin and groundnut, you can also supply your peanuts to supermarkets and local stores. If you’re a shy type you can hire marketers to help you secure supplier deals. Groundnut is cheap and flower is also cheap, the ingredients are also cheap. What YouTube videos on how to make peanut Cake in Nigeria to get started?
Sell Fruits
Fruit business is another lucrative business to look into. This business requires some good start-up for damage control but I want to believe you fridge in your house already. Make good plans on which fruits to go into. You can start small and grow big. You can also create social media accounts to promote your small fruits business such as Instagram, Facebook, and TikTok. If you have a well-structured plan for your business then you’ll grow very big in a short while. Know how to market your fruits to the right people. Here is my little idea, make a package of over 4 different types of fruits inside a single package and and get hawkers or marketers to sell each package containing 2 to 3 pieces of different fruits along the road to vehicles during the evening when workers are on their way home. Make your package so attractive and I bet you will make a lot of sales.
Sell Cooked Food
Since you don’t have the amount to start a restaurant, I’m not asking you to start a restaurant. You can cook a pot of soup or stew and sell it to people interested. They’re many women and men who are too busy to cook at home so they buy soup and stew and all they have to do is make Eba, Semo, or Wheat and just steam the soup and eat. Same with stew too. You may need to tell your friends about your business and also go to banks to drop your flyers, Bankers rarely have time to cook due to the nature of their jobs. Try to make friends with bankers and tell them about your services. You can also run social media advert such as Instagram advert to reach more people who may be interested.
Shawarma Business
This is a lucrative business if you handle it well. First is to get a busy spot, make your shawarma very attractive, put a good amount of ingredients and meat, and you’ll see customers tripping in to make purchases. Shawarma sales are better during the evening 6 pm-9 pm however you can make it available at any time. It’ll be an addition if your spot is close to a big restaurant known as Big Eatres or the Mall as people going there or taking their spouses out will patronize you irrespective of time and days. In the long run, you can start making delivery to your customers. Just tell them you can deliver to them and give them your number to call whenever they need.
Supply Local Food Items to Market Sellers
Do you know you can be a bitter leaf supplier to all the market people in different locations? This means you just have to go to villages and get bitter leaf or scent leaf, dry it with microwave or oven. Package it in nylon for 100 Naira each and start supplying it to all the markets in your states. This is very lucrative, go to villages and see what you can buy cheap there and supply to market women and men. This is very lucrative if you go into the right item.
Need more info or business mentorship? kindly email me at seromedaniel @ gmail . com
