The first thought that comes to people’s minds when thinking about new business ideas is finance.
While finance is truly important for any business, you don’t need to have millions in your account before starting a business.
These people need to understand that the mindset limits the thought process and actions of people, and so, incarcerates them only to their jobs, immediate social circles, and how they accept whatever life throws at them.
Although a large population would give excuses about the high costs of starting and running a successful business, they forget that small wins are the steps needed to drive any business forward.
Here Are 7 Business You Can Start With 100,000 naira or less.
1. Food Business
Food is an essential need and millions of people celebrate different occasions every day, so the demand for snacks, cakes and food is usually high.
Some people do not even have the strength to cook homemade meals hence they would rather order and stuck up their fridge.
All you need to do is learn the skill and deliver those services to a target audience of people.
2. Mobile Phone accessories
This is one great low-cost business idea with a large revenue. Everyone uses a mobile hence you can reach a larger market spectrum.
So many people buy power banks, headphones, batteries, phone pouches, phone chargers, and more on a regular basis. The volume of phone accessories sold daily trumps the volume of mobile phones sold by an extremely wide margin.
This high demand has made it a great business opportunity for the people to get into, you can start with as low as 100,000 Naira and below.
With a small stand at a public tech hub like the computer village in Lagos, or online (Instagram & Twitter) you can start a mobile phone accessory business.
3. Web Design And Development
Web design and development is another great business because consultancy services cost almost zero dollars to start up if the founders have good programming skills.
If you have a thing for learning new skills and you’re tech-savvy, you could spend two months learning how to code, building sample works, and then officially launching a web development coy.
You do all these for less than 100,000 naira.
4. E-payment & POS Business
The world has gone cashless, this gives any business starter and edge because all you need to do is get a POS machine from your Bank, and activate online banking: If you live in a place where banks aren’t much you can handle e payments for people and make cool cash.
5. Bedsheet & Beddings
This is one of the easiest business you can start, just pay a visit to Lagos Island, Yaba where they sell bulk materials, pick good designs and give it to tailors to sew it for you. Take pictures on your smartphone and upload them for advertisement. You can start with less than 100,000 and grow your income.
6. Cleaning Services
Cleaning Service has proven to be a very lucrative business that you can start with less than 100,000.
A lot of people find it hard to clean their apartments because they’re working from Monday to Friday and Saturdays, they have commitments to attend too, which leaves them with Sundays and all they want to do is rest.
Your tools won’t cost you a lot and you can clean about 5 apartments during the weekend.
7. Poultry Farming
Poultry farming is a low-cost agricultural business idea that can be started anywhere.
The business involves the raising of chickens, guinea pigs, turkeys, and several other domestic birds. A good advantage of this business idea is that it can be started in your backyard.