10 business to start with 100k in nigeria
Starting a business in Nigeria can be a challenging endeavor, but with the right mindset, resources, and execution, it can also be a rewarding and lucrative one.
With 100k Naira, there are several businesses that you can start in Nigeria that can yield great returns on your investment.
In this article, we will be highlighting ten business ideas that you can start with 100k in Nigeria.
1. Poultry Farming
Poultry farming is a lucrative business in Nigeria, and it requires a low startup cost.
With 100k Naira, you can start a small poultry farm, which can include buying chicks, constructing a coop, and buying poultry feed.
As the chicks grow, you can sell them for a profit or use them to start a larger poultry farm.
2. Fish Farming
Fish farming is another profitable business that you can start with 100k Naira in Nigeria.
Fish is a highly consumed protein source in Nigeria, and there is a high demand for it.
With 100k Naira, you can purchase fingerlings and start a small fish farm.
3. Snail Farming
Snail farming is a highly profitable and untapped market in Nigeria.
With 100k Naira, you can start a small snail farm by purchasing snails and creating a habitat for them to thrive.
Snails are highly in demand, and you can sell them for a significant profit.
4. Fashion Design
Fashion design is a thriving business in Nigeria.
With 100k Naira, you can start a small fashion design business by purchasing a sewing machine, fabric, and other necessary tools.
You can start by creating simple designs and gradually expand your business as you gain more clients.
5. Hair Salon
Hair salons are always in demand in Nigeria, and you can start a small hair salon with 100k Naira.
You can purchase hair styling tools and rent a small space to set up your salon.
As you gain more clients, you can expand your salon and offer more services.
6. Catering Business
Catering is a profitable business in Nigeria, and you can start a small catering business with 100k Naira.
You can start by preparing simple dishes and delivering them to clients.
As your business grows, you can expand your menu and offer catering services for events and parties.
7. Phone Accessories Business
The mobile phone market in Nigeria is booming, and you can start a phone accessories business with 100k Naira.
You can purchase phone accessories such as phone cases, chargers, and screen protectors and sell them to customers.
You can start by selling on social media platforms and gradually expand your business.
8. Photography Business
Photography is a creative and lucrative business in Nigeria.
With 100k Naira, you can purchase a good camera and start a small photography business.
You can offer photography services for events, weddings, and other occasions.
9. Cleaning Business
Cleaning services are always in demand in Nigeria, and you can start a small cleaning business with 100k Naira.
You can start by offering cleaning services for homes and gradually expand your business to commercial spaces.
10. E-commerce Business
E-commerce is a growing industry in Nigeria, and you can start a small e-commerce business with 100k Naira.
You can start by selling products on online marketplaces such as Jumia and Konga.
As your business grows, you can create your own e-commerce website and expand your product offerings.
Conclusion
In conclusion, starting a business in Nigeria can be a rewarding venture, and with 100k Naira, you can start several businesses that can yield great returns.
It is important to do your research and choose a business that aligns with your interests and skills. With hard work, dedication, and perseverance
