10 Hot Profitable Business Ideas You Can Start From Home with ₦20,000
Today, I want to share with you, some business ideas you can startup from your home, school or office with anything between ₦20,000 - ₦100,000 ($100 - $500).
The ideas I am about to share with you is mainly for small scale startups with Nigeria as the business environment, and it is mainly for people with little or no startup capital, but willing to succeed in small scale business venture.
First, let me share my own personal experience with you to encourage and inspire you to start up a business today.
I have always loved to do business even while I was still in the higher institution studying.
I would buy things in Lagos and resell in my campus and make good profit margin that helped sustain me in school.
Immediately after my graduation in 2008, I started another business; computer game center with football viewing section, which earned me very good money that I also used to sustain myself and prepare for my NYSC.
I made an average of ₦2000 - ₦3,500 everyday on this business, and it was a partnership business. I didn't have enough money to start the business alone, so I convinced a family member and partnered with him to startup the business, so we shared the profit according to our contribution, strictly business terms no bringing in family sympathy.
Shortly after my NYSC, I ventured into another business because the other business shutdown due to poor management by the people I handed it over to while going for my NYSC.
So I relocated to Lagos after my NYSC and started another business in partnership with a secondary school classmate I reconnected with at a Church service in Lagos.
This time, it was diesel supply business. I used this to keep myself busy while applying for jobs and attending interviews.
From there, I saved up some capital too before I got a small job and quit the business- my mistake number 1! Don't quit your business for any job that pays less than ₦150,000 as at today.
Consistency is the key to success in business and entrepreneurship; be consistent in one business and let people know you with that one business, and you will sure become a success with time; I applied this principle in my business life, and today, it has paid me hugely.
Now, let. Me spare you guys the long stories...
Haven been active in business for some years now, I can boldly tell you that there are still businesses you can start from your home or office with anything between ₦20,000 to ₦100,000 and still make profit, and they include:
1. Sales of Mobile Phone Accessories
No doubt, gadgets and phones are one of the hottest products to sell in Nigeria today; this owe tribute to the increasing demand of modern communication amongst young and old Nigerians.
With just ₦30,000, you can start a phone accessory sales business.
You can contact me for details of how to buy phone accessories at cheap wholesale price.
My E-mail is: firstname.lastname@example.org
2. Bean Cake Frying
If you want to be rich or financially successful in life, you must take away shyness and pride.
Bean cake, also known as 'akara' is no doubt a fast moving consumer item that sell well in any part of Nigeria. If you want to make big money from this, then locate a business area, market or office environment with many offices or companies and set up your bean cake frying business and watch out the result.
Note: package yourself well, be neat, keep your frying pan, fire, etc clean and modern, and watch people beg to give you their hard earned money.
Add something like: fried chicken, gizzard, potato, etc to it and see what happens.
3. Mobile Mini Restaurant:
Everybody loves to eat, we all are working to eat and live longer....so no matter your class or status in life, you must eat.
Now, you need to cash in on this secret to make some cool cash for yourself and possibly turn it into a big restaurant brand, it's very possible, all you need is dream, strategies, start and expand!
Wondering how to start this business? You don't need heaven and earth to start it, just start with your existing cooking utensils; wash them clean, get a gas stove....wake up early, go to market, buy the ingredients, cook, package in a cooler, get your neat and stylish plates and spoons ready, get take away packs in case....buy a wooden bench, like 2 or 3 for a start, now find an office environment where there are companies or corporate offices and go find a corner with your umbrela.
If you can't cook, partner with a lady or guy that knows how to cook because being able to cook good and tasty food (rice, beans, fried plantain or dodo, vegetable soup, afang soup, egusi soup, etc) is the key to growing fast in this business.
For details contact me.
4. Mobile Mini Snack Bar or Spot:
This is similar to the business explained above. The only difference is that you won't be cooking but rather will rely on snacks; doughnut, meat pie, buttered bread, toasted bread (buy a toaster, get egg mixer too, so u can toast bread for customers on request), get a cooler, ice block, soft drinks (coca cola, sprite, pepsi, malt, viju milk, etc).
This is advanced Mai Shai.
5. Food Stuff Sales:
Like I said earlier, remove shyness and pride if truly you want to make it financially big in life. Most shy and proud people end up broke and needy, if you doubt me, check around you...all those guys and ladies that don't send anybody and do crazy things to survive always end up popular, influential and of course rich, while the shy ones beg to feed
Back to the topic....food stuff sales...focus on stock fish, dried fish, beans in large scale/small scale depending on your startup capital.
If you do this well, you may end up establishing big food stuff store than you ever imagined....i know people who started small in this but now big and living luxury life like those in entertainment industry.
6. Hair Salon - ladies and gents:
This business has made so many broke guys and ladies financially independent and still making more.
The most thriving is women salon....if you are a guy and you can lower your pride to learn how to make and fix women's hair, then you are on your way to stardom and no more spending to get a girlfriend if you are single...lol....because ladies, I mean super pretty ladies will be flocking around you like bees flock around nectar.
All you need is a good location, know your job...be jovial and free, and money will chase after you.
One secret to making money is doing the opposite of what others are doing....break the tradition....defile the rule, how? for instance, if you are a guy, instead of going to learn how to barb and opening a male barber salon, learn how to fix women's hair and open women hair salon instead.
Add manicure and pedicure to this and you are made!
Also....think of adding makeup section....to be handled by guys...
Same way, if you are a lady, instead of learning how to fix women's hair, go for male barber salon and watch all the guys run to your barber shop just to feel your hands on their big head lol.
But please, make sure you know your job....learn to do a very distinct and lovely job.
7. Start a Marketing Company:
Marketing and sales are the heart of every business or company....so anybody that can help business and company owners sell their products and services will sure be rich!
This is exactly what Facebook, Twitter, etc are doing to make money....they established a platform where people gather to socialize and catch fun...and they monetized their platform by using it to market businesses and companies....hence, driving sales for their products and services.
Now, you don't have a popular website or social media platform like Facebook, Twitter, Instagram, etc...but you have skill....you have time....and you know people too.
Now, think, you have some unemployed friends, classmates, paddies, etc....coordinate them and build an independent marketing company that will focus on helping different business and company owners sell their products and services on commission base.
Do you know why business and company owners will accept working with you? Because they don't need to pay you monthly salary whether you bring in sales or not....so they will only pay you when you make sales for them, hence you have helped them to cut down cost and maximize profit.
What products to market?
Phones....cleaning services....audio visuals....fuel, gadgets....wedding event solutions....party event solutions....flight tickets....hotel reservation....insurance plans (don't fear this, people are making huge money from this), cars, lands, properties, clearing and forwarding services, web design solutions, social media solutions, etc.
Now, to add value to your customers and to attract them, you will need to strike a special deal with the businesses and companies you want to market their products and services to get discount on sales....so that people will see an advantage buying from you than buying directly from the main business owner or company.
Form a group of say 5 ambitious and focused people; best practice is 3 pretty ladies, 2 guys....
8. Blogging and Internet Marketing:
This is self explained....you don't need much money to start this....don't take it as a hobby....take it as your business....handle it the way business owners handle their business and success will be yours.
If you need more info on how to get started....kindly contact me or simply get my ebook bundle for a detailed guide.
9. Mini Importation:
This topic has been over-emphasized....find time to search and read through different articles on this topic....or get my ebook bundle for eye-opening step-by-step guide.
10. Transport Business Management:
Transportation business is a very lucrative business in Nigeria if not for bad drivers!
Many people have passive capital they would have loved to invest in transport business, but with the stories of how drivers (bus, taxi, keke, okada) swindle owners who spent their hard earned money to acquire the car, bus, keke, or bike they are driving is enough to discourage people from investing in this business.
Now, every problem in the society creates an avenue to become rich for smart thinkers in that society.
So to cash in on this problem of bad drivers, you can liaise with your church pastor or imam to set up a transport management business, targeting your church members as first clients.
With your pastors or imam's good reputation, members will most likely invest.
Now, you will need to find a way of hiring only credible drivers with traceable personal information....in case he decides to misbehave.
I will also suggest you recruit drivers from your Church or Mosque....shame won't let them mess up.
Follow them up on hourly basis....morning, mid-day and evening to ensure all is well with the asset (vehicle, bike or keke).
How you will make money from this?
You will charge every transporter a monthly management fee....the driver will pay to you, and you remit back to the owner of the car, keke or bike, after deducting your own agreed monthly management fee.
Someone I know charge ₦20,000 for keke, ₦30,000 for bus (danfo), ₦50,000 for LT bus.
I will suggest that you also insure the asset.
The game here is to get as many vehicles and tricycles (keke) as possible to manage.
I will be dropping my pen here for now....if you have any question or need any info, don't hesitate to contact me and I will be glad to assist you.