Life is hard and the Nigerian economy is harder. To survive in this country you need to buckle up and do something for yourself. If you’re looking to start a small business in 2018, I got you. With a maximum of N100,000 you can get into a business that will expand as you go. 2018 is going to be a good year.
Here’s a list of businesses that are below N100,000
Most young people prefer to eat out these days. The restaurant business is growing really fast and you don’t necessarily have to have an actual restaurant to sell good food. Some people make orders for soups and stews and other food they can store in their refrigerator for later. With as low as N50, 000 you can start a food business. All you need to do is have the ability to cook good food and get your packaging right.
Mobile phone accessory sales
Thousands of Nigerians use mobile phones and most of them like to accessorize. Start on a small scale with N20,000 then you can gather your profit gradually and grow.
Soap and Perfume production
You can pay a little amount of money to learn how to make soaps and perfumes. And with N80,000 you can start your own production. For your liquid soap production, your first target market should be restaurant, hotel, fast food joints, beer parlors and catering centers. For the perfume production, you first target market should be high class professionals like bankers, lecturers, marketers, teachers and other service professionals.
Everyone is going into the fashion business. All you need to do is train with someone for a few weeks and start small after. You can sew from home but make sure you showcase your skills on the right platforms. With as low as N35,000 you can get a good sewing machine and other sewing equipment.
With N20, 000 plus you can do this business. The business does not require skill. The major thing you needed in this business is availability of space with adequate ventilation and water supply. Day old chicken (boiler) may cost N150/each, so with 50 chickens which cost a total of N75,00 you can . In less than 9 weeks, you can start selling these birds at the rate of N1,800 to N2,000 Naira per bird.
You can start a small boutique with as low as N80,000. Have your brand identity and make sure you have an online presence (Face book , Instagram & twitter). You can make deliveries within and outside the state you live. Use your profit to expand and then you can grow and have a proper boutique.
Some breed dogs for meat or as pets. If you’re breeding a pet dog, With N10000 you can get a dog and breed after the dog gives birth you sell the puppies and buy more female dogs .
Juice and smoothie production
Organic juices and smoothies are fast selling. You don’t have to have a shop but you can deliver your juices wherever and whenever within your location. Make sure your packaging is unique and your juices fresh.
A lot of people are getting married. With as low as N70,000 you can start a bridal shower rental. Get your print outs, learn to make flower crowns and sashes, bridal pins, balloons and pumps, robes etc. Rent them out and use the rental money to expand your business.
You can learn how to make wigs from someone or be a self-taught wig maker. With as low as N30,000, you can start a wig business and expand from there.
So if you’re looking to start a small business in 2018 you can pick from any of these and try it out.